Forging the Future: Celebrating MAGNET's 40th Anniversary

On February 11, 2025, manufacturers from across Northeast Ohio gathered at MAGNET’s headquarters for the Manufacturing Sustainability 360 Workshop, a hands-on deep dive into the intersection of sustainability, operations, and profitability. With leading experts from MAGNET, HBK CPAs, PNC Bank, and HDK Advisors, the workshop provided actionable insights into executing a sustainable manufacturing strategy while maintaining strong financial returns.

Setting the Stage: A Manufacturing Case Study

At the heart of the workshop was a realistic case study featuring a third-generation, family-owned business facing modern challenges. The company’s leadership is grappling with increasing competition from overseas manufacturers, the need for automation, and sustainability demands—all while ensuring long-term profitability.

The case study explored:

• Sustainability as a competitive advantage
• The role of automation and energy efficiency
• Financial incentives, grants, and tax strategies
• Overcoming leadership and workforce resistance

Through table discussions and expert-led sessions, attendees played the role of the case study company’s leadership team—strategizing solutions that balance business growth with sustainability.

Key Takeaways from the Workshop:

As Ohio’s Manufacturing Extension Partnership (MEP), MAGNET provides consulting services, cost-saving strategies, and connections to funding opportunities.

Top insights include:

• Manufacturers don’t have to navigate sustainability alone—grants and advisory support are available.
• Operational efficiency is sustainability—lean manufacturing, energy efficiency, and automation all contribute to cost savings and environmental impact.
• Cybersecurity for DoD suppliers is a critical area where manufacturers can receive support.

HDK Advisors outlined how manufacturers can build a structured sustainability plan that aligns with both operational goals and financial performance.

Key Discussion Points:

• What should a sustainability plan include?
• How can manufacturers identify quick wins that generate savings while minimizing disruptions?
• How should CFOs plan for long-term sustainability investments?

Amy Reynallt from HBK CPA provided insights on tax incentives and financial planning for sustainability investments. This insight included navigating shifting federal policies—something many manufacturers can relate to.

Critical Takeaways:

• Tax credits and grants can offset costs—but tracking changes in policies is key.
• Companies need a clear ROI model before investing in energy efficiency or automation.
• Financial teams should work closely with CPAs to maximize incentives without unexpected tax burdens.

PNC Bank’s team highlighted the role of capital financing in sustainability. From equipment financing to strategic funding partnerships, they shared how manufacturers can structure sustainability investments.

Key Questions Discussed:

• How can energy efficiency improvements help manufacturers secure new contracts?
• What long-term financial benefits does sustainability bring?
• How should manufacturers structure their capital investments for sustainability?

The takeaway?
Sustainability is not just an environmental goal—it’s a strategic business decision that impacts growth, efficiency, and profitability.

What’s Next?
Manufacturers interested in developing a sustainability roadmap can connect with:

• MAGNET for grants, efficiency improvements, and strategy support
• HBK CPAs for tax and financial planning
• HDK Advisors for sustainability strategy development
• PNC Bank for capital financing options

Contact MAGNET today and start building a more sustainable, profitable future for your business!