Holbrook & Manter has been serving manufacturing clients for several years, tracing back to our origin in 1919. That is a long time, so celebrating this industry and the positive impact it has on our economy is something we do on a continuous basis. However, today is special. Today (October 7, 2016) is Manufacturing Day, so we are kicking our celebration up a few notches.
Now in its fourth year, Manufacturing Day℠ is a celebration of modern manufacturing meant to inspire the next generation of manufacturers. Companies and community organizations are holding events today, opening their doors to explain their operations and shine a light on the manufacturing industry. Nearly 2,500 events are taking place across the country today. To search events near you, click this link:
The mission of MFG Day, as listed on its website is pretty powerful. It reads,
“MFG DAY addresses common misperceptions about manufacturing by giving manufacturers an opportunity to open their doors and show, in a coordinated effort, what manufacturing is — and what it isn’t. By working together during and after MFG DAY, manufacturers will begin to address the skilled labor shortage they face, connect with future generations, take charge of the public image of manufacturing, and ensure the ongoing prosperity of the whole industry.
Supported by a group of industry sponsors and co-producers, MFG DAY is designed to amplify the voice of individual manufacturers and coordinate a collective chorus of manufacturers with common concerns and challenges. The rallying point for a growing mass movement, MFG DAY empowers manufacturers to come together to address their collective challenges so they can help their communities and future generations thrive.”
Just like any day of celebration tends to do, MFG Day has caused our team to reflect just a bit on this industry that touches our firm in so many ways. We are accountants and we like facts and figures. The National Association of Manufacturers shares some statistics that are nothing short of impressive. For example, they share that manufacturers contributed $2.7 trillion to the U.S. economy in 2015 and that for every $1.00 spent in manufacturing, another $1.81 is added to the economy. That is the highest multiplier of an economic sector! Did you know there are currently over 12 million manufacturing jobs in the United States, making up 9% of our workforce? In addition, manufacturers have one of the highest percentages of workers who are eligible for healthy benefits provided by their employer. This is just a glimpse into the Top 20 facts about manufacturing according to NAM. Visit their website here to read them all:
Our firm is proud to offer services specific to businesses involved in manufacturing as well as traditional and management advisory services. To learn more about these services, click here: