Jean publishes a blog called the Enterprise Corner. It features articles on entrepreneurship, local industry trends, manufacturing news and periodic ‘toolbox’ articles showcasing assistance, incentives and other resources for local businesses.
New evidence strongly suggests that manufacturing is way more important to our local economy than ever before. In the article, The Multiplier Effect: There Are More Manufacturing Related Jobs Than You Think," authors Keith D. Nosbusch and John A. Bernaden point out that manufacturing's true impact is understated. As manufactured products and processes become more complex, they support significant skilled jobs in logistics and transportation, customer service, technical support, regulatory and safety disciplines, and a host of other areas.
"As factories get 'smarter' and more advanced," Nosbusch and Bernaden wrote, "the multiplier increases significantly. In some advanced manufacturing sectors, such as electronic computer manufacturing, the multiplier effect can be as high as 16 to one, or 16x, meaning that every manufacturing job supports 15 other jobs." Old manufacturing multipliers ranging from 2 to 4 are now giving way to higher numbers as a result of the increasing added value that results from this sector.
While these are all welcome trends the future of manufacturing will not take care of itself. According to Jerry Jasinowski, former president of the National Association of Manufacturers, "We need sensible policies for attracting capital investment, training a new generation of manufacturing workers and encouraging exports to make it happen. Growth and job creation should be our primary objectives. A growing economy will enable us to overcome any number of our more vexing challenges, and manufacturing is the key." Right on point Jerry... and a blueprint for our actions here in Yakima County.