The President’s Pen is a weekly blog written by Jonathan Smith, New Vision’s President and CEO about local economic development projects and initiatives. It also covers economic trends, workforce issues, business climate policies, and manufacturing news.
No doubt about it, China is flexing its economic muscle. I recently ran into a great blog from Jack Schultz. He pens the Agurban and is a the author of Boomtown USA. Schultz is spot on many issues and he recently cit
ed research from the Alliance for American Manufacturing showing that:
Schultz goes on to highlight the challenges facing US manufacturers and why this sector is so important to our nation's future.
Why manufacturing is important:
In Yakima County manufacturing employment peaked almost a decade ago at 12,000. Over the last ten years we have lost over 4000 jobs in this sector. We sorely need to keep this sector healthy in our Valley and reverse the tide of plant closures and job losses. This will not be easy though. Some jobs will not come back because our companies are more efficient. Investments in technology and process improvements typically translate into a smaller workforce. Other types of goods that we have produced in the past are now more cost effective to manufacture elsewhere.
Let's not give us hope though. We have a stable and successful family of manufacturers operating in the Valley and many of them have rebounded from the depths of our current recession. Please make sure that we, as a community, appreciate these companies and work towards retaining them for the future. The benefits of maintaining and growing this sector are enormous. To see Jack Schultz's blog, click here. Before you get too daunted please see Jack's other post on manufacturing. View the webinar within this blog and you may feel a little better.