MAGNET CHANGES FOCUS TO RESPOND TO EVOLVING NEEDS OF NORTHEAST OHIO MANUFACTURERS
MAGNET (the Manufacturing Advocacy & Growth Network) has been part of the manufacturing landscape of Northeast Ohio for 30 years. In that time, the industry has evolved and changed. We have heard what manufacturers across our region want from their community manufacturing services provider and we are responding today.
Recent technology, workforce and competitive issues have made manufacturing in 2014 different than it was even a few years ago, with success coming to those who embrace change. To meet the needs of manufacturers facing those issues, MAGNET is refocusing its efforts to help our manufacturing community grow.
The 30 years of deep knowledge MAGNET has acquired helping companies measurably increase their top-line sales and bottom-line results is now being enhanced through working partnerships we’ve developed with a powerful network of regional assets ready and willing to assist manufacturers achieve sustainable, long-term growth.
The Partnership for Regional Innovation Services to Manufacturers (PRISM) is the combination of MAGNET’s deep manufacturing expertise with a wide array of critical resources including:
The award-winning talent, faculty and researchers at the area’s colleges and universities
Cutting-edge technology at government labs such as the NASA Glenn Research Center
Leading global manufacturers willing to share their expertise
America Makes, the National Additive Manufacturing Innovation Institute in Youngstown
and sources of capital interested in financing growth and innovation.
Among the manufacturers utilizing MAGNET and PRISM services are Nextant Aerospace, Vitamix, Vadxx, Trilogy, Sifco Forge, Wrayco, Thermotion and Plidco.
We hope you’ll enjoy and take value from the changes at MAGNET and the content will be providing to you over the coming months in the Crains Manufacturing Report.
To learn about the changes taking place at MAGNET to help manufacturers optimize manufacturing processes and productivity, design and develop new products, find new markets and solve training and workforce issues, visit the MAGNET website at www.manufacturingsuccess.org
Don’t hesitate to give us your feedback or let us know how MAGNET can help you. You reach us at email@example.com.
HEADLINE The survey definitively shows that product innovation leads to more growth, while “grow your own workforce” strategies will be needed to fill the major labor shortages hampering small manufacturer growth. Emerging technologies like the Internet of Things (IoT), 3D printing, and digital manufacturing are beginning to enhance innovation and productivity, but still have significant room for adoption amongst Ohio’s small manufacturing businesses. ABOUT THE SURVEY Under the direction of the Ohio Manufacturing Extension Partnership (Ohio MEP), MAGNET: The Manufacturing Advocacy and Growth Network conducted a thorough survey of Ohio’s manufacturing base. Contributing approximately 20% of Ohio’s jobs (and driving in some regions up to 50% of Ohio’s economy), and generating a disproportionate amount of export revenues and Gross Regional Product, manufacturing is critical to Ohio. Greater than 95% of Ohio’s manufacturers are small (under 500 employees), and these manufacturers need to remain competitive both nationally and internationally to ensure our economy’s health. Ohio’s Development Services Agency and the National Institute of Standards and Technology, which runs the MEP, recognizes the importance of this sector and fuels MAGNET and the Ohio MEP program to directly serve and support innovation, efficiency, and growth in small and medium manufacturers. What manufacturers need
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