Partner Organizations For 30 years, MAGNET has driven the growth of small- and medium- sized manufacturers in Northeast Ohio. Our partner organizations, which include the City of Cleveland, JumpStart, BioEnterprise, WIRE-Net, Team NEO, and Cuyahoga County, help us to best serve these manufacturers and provide expertise in a wide range of areas. For example, BioEnterprise grows healthcare companies and commercializes bioscience technologies, while JumpStart accelerates the success of entrepreneurs. With this powerful partner base, MAGNET can respond to specialized client needs.
Federal and State Programs
MAGNET often takes on the important role of intermediary. We partner with NASA Glenn, America Makes, LIFT, and Make it in America, and use these partnerships to make services available to local companies. For example, many manufacturers can directly benefit from NASA Glenn’s product development expertise but have no channel through which to access it. MAGNET facilitates local events and programs that feature NASA and bring their resources right to manufacturers. Through our intermediary role, we connect manufacturers to the tools they need to grow.
MAGNET uses both traditional fee-for-service and nontraditional performance based models of compensation. Since our mission is to serve small- to medium- sized manufacturers and strengthen the region, we ensure that money is not a barrier for businesses seeking our services. This means that the majority of our revenue comes from sources other than service fees. Private philanthropies are essential to our continued impact upon the region.
Career and Technical Schools
MAGNET is dedicated to bringing new talent to the Northeast Ohio manufacturing sector. Our partnerships with career and technical schools are integral to this mission. MAGNET commits to the knowledge that manufacturing jobs are well paying, impactful jobs, and that the manufacturing workforce will expand as more people gain knowledge of the field and the skills necessary to enter it. Career and technical schools open the door to the world of professional manufacturing.
Local School Districts
Raising awareness about manufacturing jobs means reaching young people. For that reason, MAGNET partners with local school districts to reach students as they are exploring job options. We meet with principles and guidance counselors about promoting manufacturing in schools, as early as elementary school and through junior high and high school. We also visit schools and give presentations on topics such as 3-D printing. Through our partnership with local school districts, we increase students’ familiarity with manufacturing careers and help them understand the opportunities available in the field.
MAGNET has established Memorandums of Understanding (MoU’s) with Cleveland State University, The University of Akron, Youngstown State University, and Case Western Reserve University. Professors at these universities do research for and work with MAGNET clients. Through our partnership with local universities, we are able to refer clients to experts who can address their exact needs. Our network ensures that clients get tailored, best-in-class services.
Educational facilities are a pipeline to the professional world. MAGNET partners with Stark State College, Lorain County Community College, Eastern Gateway Community College, Lakeland Community College, North Central State College, and Cuyahoga Community College, to give students the skills necessary to succeed in manufacturing. We provide internship and job opportunities to those interested in manufacturing. Additionally, some of our community college partners can rapidly develop curricula to address workforce needs, giving workers proficiency in specialized skill sets. MAGNET’s partnership with community colleges creates job opportunities and strengthens the manufacturing workforce.
MAGNET can leverage the power of the region to help grow your business! To learn more, contact Linda Barita at email@example.com or at 216.391.7766.
Article submitted by Bank of America For mid-market companies, business success and responsible growth aren’t mutually exclusive. In fact, prioritizing responsible growth is becoming increasingly important, and successful companies are making sustainability central to their growth strategies. Beyond good corporate citizenship, they are recognizing the intrinsic link between the strength of their business and that of the communities and economies in which they operate. Leading your growth with those goals in mind builds resilience and better solutions for the future. Consider the following: Responsible growth companies perform better. Companies that consider the impact of risks and opportunities on the environment, local communities and society may produce better financial results than those that don’t. Additionally, 90% of companies believe a sustainability plan is important for remaining competitive. Responsible growth companies attract investment. A 2016 study by MIT Sloan Management Review and Boston Consulting Group surveyed 3,000 executives and managers from more than 100 countries. Findings revealed that 75% of senior executives in investment firms agree that a company’s sustainability performance is materially important to their investment decisions, and nearly half would not invest in a company with a poor sustainability record. Ninety percent of executives see sustainability as important, but only
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
How Virtual Reality and Augmented Reality Can Help Keep Our Engineers Safe and Our Manufacturing Strong Recall how difficult it was to put together complex LEGO creations when you were a child or helping a child. Now, picture assembling a fighter plane from a room full of parts. Even highly trained engineers can benefit from technology to help improve consistency and quality. Virtual reality (VR) and augmented reality (AR) are making near-perfect assembly a possibility in the manufacturing space. By wearing AR glasses that use cameras, depth sensors and motion sensors to overlay images onto the real working environment, engineers and factory workers can visualize the exact bolts, parts, part numbers and instructions on how to assemble a particular component correctly. Lockheed Martin began using AR goggles and improved F-35 assembly time by 30 percent, in addition to increasing accuracy to 96 percent. In order to remain competitive, businesses should consider the ways VR and AR can improve efficiency and supply chain productivity. According to a recent BofA Merrill Lynch Global Research report, AR platforms can provide companies up to 25 percent in cost savings on installation of equipment. Here are four ways VR/AR is disrupting the mid-market manufacturing space: