Where Manufacturing Matters

Cautious Future for the Automotive Industry

Posted by MAGNET on Jun 21, 2017 12:44:22 PM

In the years since the worst economic recession of the 21st century, several industries have shown resilience. Foremost of these is automotive. Not only have global sales reached a record high in 2016, but the operating margins are growing quickly as well. According to research presented by Capital IQ, average operating margins for the top 100 automotive market suppliers were able to jump above pre-recession levels by 2010, just a year from their record low.

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Topics: Market Diversification, Automotive, MAGNET, Accelerate Cleveland Manufacturing

How Can NAICS Codes Help You Diversify Your Sales?

Posted by Timothy Nevin on Mar 13, 2017 4:45:00 PM

Adopted in the late 1990s, the North American Industry Classification System (NAICS) consists of codes set up by the U.S. Census Bureau to separate manufacturers by sectors, subsectors, and industries. Most companies are familiar with this system at a high level, as it’s used by the government to collect, assess, and distribute data about manufacturing in 5-6 year cycles.

However, if analyzed properly, NAICS codes can be far more important than simple identifiers used for federal purposes – in fact, they can play an active role in your company’s long-term strategy.

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Topics: Market Diversification, Accelerate Cleveland Manufacturing, MAGNET

WIRE-Net and Partners Create Jobs, and Grow NEO Manufacturing

Posted by WIRE-Net on Feb 16, 2017 3:35:57 PM

WIRE-Net, MAGNET, Medina County Workforce Development, and Team-NEO completed a major grant-funded project that helped regional companies improve their competitiveness, create and retain jobs, and strengthen their operations here in Northeast Ohio.

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Topics: Cleveland Industrial Retention Initiative (CIRI), Accelerate Cleveland Manufacturing, MAGNET, Team NEO, Medina County Workforce Development, Make It In America, Cleveland Foundation, City of Cleveland

Help Us Improve Accelerate Cleveland Manufacturing

Posted by Julie King on Dec 15, 2016 2:35:42 PM

Take the 2017 Northeast Ohio Manufacturers Survey

With generous funding from The Cleveland Foundation, WIRE-Net is entering a third year of collaboration with MAGNET on the Accelerate Cleveland Manufacturing (ACM) initiative to provide Cleveland companies with training, consultation, or peer-learning groups in an effort to boost economic growth and job creation, one plant at a time.

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Topics: Accelerate Cleveland Manufacturing, MAGNET, The Cleveland Foundation, Manufacturing, Apprenticeships

Does Every Business Need a Business Plan?

Posted by Adam Sonnhalter, Maximum Value Partners on Jun 13, 2016 4:02:10 PM

That’s a great question! Nearly every small business owner I’ve met has been told “You need a business plan”.  What a bunch of BS!

Unless you are looking to raise money for your business, you don’t need to waste your precious time pulling together a 30-50 page business plan that won’t be used.

So what should you do instead?  How about coming up with answers to the following questions:

  1. Where are you today?
  2. Where do you want to go?
  3. How are you going to get there?
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Topics: Accelerate Cleveland Manufacturing, Business Growth, Business Planning, Maximum Value Partners

What I Learned About SEO and Inbound Marketing

Posted by Julie King on May 23, 2016 12:50:44 PM

People search the internet for basically three things: 1. To Solve Problems, 2. Find/Purchase Items, and 3. To Be Entertained. The best inbound marketing sites should do all three. During Friday's growth workshop we learned how to build a roadmap for each of our products to attract more target customers.

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Topics: Accelerate Cleveland Manufacturing, Lead Generation, Inbound Marketing, SEO, Manufacturing, Social Media, Website Design, Mobile, Online Brand Strategy, Growth Workshop, SlewPro

Manufacturing Multiplies, Pays, Exports, and Innovates

Posted by John Colm, WIRE-Net President and Executive Director on May 10, 2016 9:39:34 AM

At WIRE-Net, Manufacturing Matters, because, as we like to put it, manufacturing multiplies, manufacturing pays, exports, and innovates. 

What we mean by this is that every manufacturing job is the foundation for up to 5 additional jobs in other industry sectors, the highest employment multiplier of any industry.  Manufacturing pays 17% more in wages than other sectors.  52% of U.S. exports are in the manufacturing sector.  Finally, 75% of private sector research and development comes from the manufacturing sector, helping ensure that American manufacturing remains on the cutting edge of new products and technologies.

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Topics: Accelerate Cleveland Manufacturing, MAGNET, Annual Meeting, Annual Report, Max S. Hayes High School

Do You Know Why Your Customers Buy from You?

Posted by Kristen Haning on Feb 23, 2016 11:47:11 AM

Many manufacturers are challenged with articulating a unique value proposition for their companies. And, as I discovered at WIRE-Net’s Growth Workshop last Friday, many manufacturers believe that the only thing that sets them apart from the competition is Price.

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Topics: Accelerate Cleveland Manufacturing, MAGNET, Marketing and Sales, Brand Value, Lincoln Electric

Accelerating Cleveland Manufacturing...in High Spirits!

Posted by Kristen Haning on Feb 5, 2016 4:04:31 PM

Last night I was thrilled to be joined by 120 friends from our manufacturing community to kick-off our 2016 Accelerate Cleveland Manufacturing year. Attendees enjoyed Cleveland Whiskey’s award winning bourbon and signature cocktail: A Winter Night in Cleveland at the offices of Boondock Walker in MidTown.

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Topics: Manufacturing Events, Accelerate Cleveland Manufacturing, MAGNET, Business Growth, Cleveland Whiskey

Urban Manufacturing Growth Strategy Is Working in Cleveland

Posted by Julie King on Nov 16, 2015 2:56:55 PM

In early 2015, a Cleveland manufacturer employing 76 skilled workers including welders, machinists, and engineers confided that he wanted to develop a value engineering program and add customers in Northeast Ohio. A growth assessment identified three priorities: 1) Find financing to enable a $600K process automation investment, along with associated process improvement to make best use of the equipment, 2) Increase plant efficiency by engaging employees to take ownership of continuous improvement, and 3) recruit an open Manufacturing Lead position.

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Topics: News, Accelerate Cleveland Manufacturing, Cleveland, Manufacturing, Martindale Electric Co.

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