New Funding Available to Support Internship/ Co-op Programs

Intern SubsidiesMAGNET is partnering with regional educational institutions in two important programs aimed at helping bridge the “skills gap” and prepare young people for technical and manufacturing careers.

In December, the Ohio Board of Regents announced $11 million in new state funding for a new program to help up to 1,500 Ohio employers provide paid and credited internships and co-ops to students at Ohio institutions of higher education.

“These awards are meant to provide Ohio employers with opportunities to benefit from the talents of Ohio’s college and career technical students,” said Ohio Board of Regents Chancellor Jim Petro. “And they’ll provide students with valuable internship or co-op experience.”

MAGNET has partnered with Cleveland State University and Lorain County Community College on projects funded through this Ohio Means Internships and Co-ops program. The projects will help manufacturers identify new internship opportunities in their companies and develop job descriptions for students.  MAGNET will assist in recruiting and preparing companies to successfully engage interns in a variety of positions. The University of Akron, Stark State College, Cuyahoga Community College, Youngstown State and  Kent State University also have been awarded funding for similar projects.

Companies interested in participating in this internship program should contact Kristin Reinard at 216.432.5324.

In a related development, MAGNET is partnering with NorTech’s Speed-to-Market-Accelerator (STMA) on an Internship/Co-op Program for Northeast Ohio manufacturers. STMA is a new collaborative program led by NorTech, JumpStart, Lorain County Community College, and MAGNET to accelerate the speed-to-market for high potential products in Northeast Ohio’s advanced energy and flexible electronics industry clusters.

MAGNET’s Workforce & Talent Development team is preparing to host information sessions for manufacturers who may want to engage an intern to work on specific projects for a defined period of time. MAGNET is seeking manufacturers in the advanced energy or flexible electronics fields who may have an internship project or who would be interested in learning how they could benefit. Companies will be expected to contribute 25% of the internship wages.

The  interns  will be employees of MAGNET, paid through the STMA grant and the 25% company match. They can be housed  at MAGNET or at a client’s facility, depending on project need. Students can come from any two-year, four-year or graduate school in the region.

For more information about participating in MAGNET’s STMA Internship Program, contact Kristin Reinard, 216.432.5324.

Print
Posted by MAGNET Ohio in General

Most Recent

Boosting Business through Responsible Growth

May 02, 2018 by MAGNET Ohio

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

MAGNET’S 2018 NORTHEAST OHIO MANUFACTURING SURVEY: EXECUTIVE SUMMARY

February 22, 2018 by Sam Wasylyshyn

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

Manufacturing is Facing a New Reality

February 06, 2018 by Sam Wasylyshyn

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[1]. 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[2], 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: