We are not the only ones who are proud to participate in Manufacturing Day. Since its inception in 2012, the number of participating manufacturers has grown from 200 to nearly 1,500. American manufacturers throughout the country are going to open their doors this year for tours, presentations, training and more. In fact, there are 68 tours in Pennsylvania alone.
To get the excitement started, Manufacturing Day sponsors held a video contest. Winners were selected by region with the grand prize going to Waukesha Metal Products from Wisconsin. According to Manufacturing Day, “Waukesha was selected as the overall winner by a panel of judges from the Manufacturing Day co-producer organizations because of the way its video illustrates the values at the heart of Manufacturing Day: pride in manufacturing; the important role manufacturers play in their communities; and a commitment to inspire the next generation of manufacturers in America.”
You can view the winning video here:
It’s clear that making things in the U.S. is cool again. Consumers, legislators and businesses all realize the important role manufacturing plays in our economy.
Here are some interesting manufacturing facts from The National Association of Manufacturers’ website.
- In 2013, manufacturers contributed $2.08 trillion to the economy, up from $2.03 trillion in 2012. This was 12.5 percent of GDP. For every $1.00 spent in manufacturing, another $1.32 is added to the economy, the highest multiplier effect of any economic sector.1
- Manufacturing supports an estimated 17.4 million jobs in the United States—about one in six private-sector jobs. More than 12 million Americans (or 9 percent of the workforce) are employed directly in manufacturing.2
- In 2013, the average manufacturing worker in the United States earned $77,506 annually, including pay and benefits. The average worker in all industries earned $62,546.3
- Manufacturers in the United States are the most productive in the world, far surpassing the worker productivity of any other major manufacturing economy, leading to higher wages and living standards.4
- Manufacturers in the United States perform two-thirds of all private-sector R&D in the nation, driving more innovation than any other sector.5
- Taken alone, manufacturing in the United States would be the 8th largest economy in the world.6 See sources below
Our event is called “Manufacturing Tomorrow’s Future” and will focus on the important role our government is playing in nurturing, promoting, and growing our manufacturing economy.
Dr. Phillip Singerman, Associate Director for Innovation and Industry Services at National Institutes of Standards and Technology/Manufacturing Extension Partnerships, will be on hand to discuss the vital role the federal government plays in supporting manufacturing through the Manufacturing Extension Partnerships and encouraging U.S. innovation and industrial competitiveness.
Catherine Werner, from the U.S. Commerce Department, will review the Select USA program, a government initiative which encourages, facilitates and accelerates business investment in the U.S. by both foreign and domestic firms.
Michael Araten, President and CEO of K’NEX Brands and The Rodon Group will discuss the Made In America Act, a bipartisan bill co-sponsored by Mike Fitzpatrick (R-PA) and John Carney (D-DE). Mr. Araten has been instrumental in garnering support for this bill throughout the business community.
We’ll be sure to take plenty of photos and notes and give you an update next week. Until then, we wish you a Happy Manufacturing Day (Hallmark Card to follow).
Remember to tweet your Manufacturing Day experiences at #MFGDay14
Sources: 1 Bureau of Economic Analysis, Industry Economic Accounts (2012), 2 Bureau of Labor Statistics (2014), with estimate of total employment supported by manufacturing calculated by NAM using data from the Bureau of Economic Analysis(2012), 3 Bureau of Economic Analysis (2013),4 NAM calculations based on data from the United Nations, Bureau of Labor Statistics, and the International Labour Organization,5 National Science Foundation (2008), 6 Bureau of Economic Analysis, Industry Economic Accounts (2012) and International Monetary Fund (2012).