WASHINGTON—U.S. Secretary of Commerce Penny Pritzker has announced a second set of 12 “manufacturing communities” to receive federal grants under the Obama Administration’s Investing in Manufacturing Communities Partnership initiative. The program is designed to accelerate the resurgence of manufacturing in communities nationwide by supporting the development of long-term economic development strategies.
Successful manufacturers go to great lengths to better serve their customers. Modula USA has gone nearly 4,000 miles - from Italy to Maine - to better serve its customers in North and South America.
CHARLESTON, SC—Twenty Chinese companies have put down $669 million in capital investment in South Carolina since 2000, according to that state's Department of Commerce. Together, they employ 3,253 workers.
WASHINGTON—Investment in equipment and software is expected to grow 5 percent in 2015, according to the latest economic outlook released by the Equipment Leasing & Finance Foundation.
WASHINGTON—In an ironic twist on offshored American jobs, some Chinese companies are pursuing “Made in USA” branding. Foreign brands and quality control are increasingly important for China’s affluent middle class, according to research.
ANNA, OH—Honda Motor Co. will invest $340 million to build fuel-efficient, gasoline engines here. The turbo-charged, four-cylinder gasoline engines are expected to debut later this year.
"Happy Days Are Here Again” was a popular song back in the 1930s. Assemblers in many industries have been singing an updated version of the tune lately, because the new golden age of American manufacturing has begun.
NEW YORK—After decades of siphoning jobs from the United States, China is creating some. Chinese companies invested a record $14 billion in the United States last year, according to the Rhodium Group research firm. Collectively, they employ more than 70,000 Americans, up from virtually none a decade ago.
WASHINGTON—The Obama administration has named 12 regions of the U,S. that will receive special attention under a new federal program designed to help make them more attractive to manufacturing companies.
WASHINGTON—U.S. sales of machine tools totaled $437.79 million in November, an increase of 0.6 percent from October and up 20.7 percent compared with November 2012.
