Hexagon enhances its Smart Manufacturing solutions portfolio with the acquisition of D.P. Technology Corp

Hexagon AB, a global leader in sensor, software and autonomous solutions, today announced the signing of an agreement to acquire D.P. Technology Corp. ("D.P. Technology), a leading developer and supplier of computer-aided manufacturing (CAM) technology. The ESPRIT CAM System, its flagship solution, is the smart manufacturing solution for any machining application. Supporting any class of [...]

2020-10-29T14:34:06+00:00October 29th, 2020|

Production Occupations

Production occupations are the fastest-growing occupations in 11 states: Alabama, Arizona, Idaho, Kentucky, Maine, Rhode Island, South Carolina, Tennessee, Texas, Vermont and Wisconsin. The largest recent four-year job growth in this occupation category occurred in the state of Rhode Island, where structural metal fabricators and fitters increased from 230 in 2015 to 1,780 in 2019, [...]

2020-10-29T09:39:31+00:00October 29th, 2020|

Manufacturing Still Among Top Five U.S. Employers

Data from the U.S. Census Bureau demonstrates the many contributions of the manufacturing sector. Manufacturing is the fifth largest employer, with 11.9 million workers in the United States in 2018 and an average annual employee payroll of $60,260. The value of shipments rose to $6 trillion in 2018. Nearly six in ten U.S. exporting dollars [...]

2020-10-29T09:38:11+00:00October 29th, 2020|

Key Findings of Smart Asset’s

Production occupations are growing in even more states, despite below-average wages. According to the BLS, the median annual wage for production occupations – which can include anything from bakers, butchers and food processing workers to fabricators, welders, woodworkers and metal and plastic machine workers – was $36,000 in May 2019. While this figure was lower [...]

2020-10-29T09:37:22+00:00October 29th, 2020|

NAM Report

Manufacturing production declined 0.3% in September. This suggests that production slowed after progress over the past four months following the 20.1% decline in manufacturing production experienced between February and April due to the COVID-19 pandemic. Despite progress in recent months, output remained 6.4% below the pre-pandemic pace in February. Manufacturing data have been mostly solid. New [...]

2020-11-02T16:43:38+00:00October 29th, 2020|

Manufacturing Job Openings

Manufacturing job openings in August reached 460,000, up from 430,000 in July and the best reading since July 2019 (477,000). With that said, nonfarm business job openings declined from 6,697,000 in July to 6,493,000 in August, with fewer postings in construction, financial activities, health care, information and retail trade.  Overall, 13,550,000 Americans were unemployed in August, [...]

2020-11-02T16:42:56+00:00October 29th, 2020|

Manufacturing week highlights success of Quonset Business Park – by Steven King

Original article published at https://nerej.com/manufacturing-week-success-of-quonset-business-park-by-steven-king With over 12,000 jobs at more than 200 companies, Quonset Business Park is the leading engine of economic development and job creation in Rhode Island. Despite the economic uncertainty of the COVID-19 pandemic, the strength of Quonset’s manufacturing sector has ensured stable jobs for thousands of Rhode Islanders, and the [...]

2020-10-28T15:31:29+00:00October 28th, 2020|

Restore RI Updates for Manufacturers

We are excited to share with you some changes we’ve made to the Restore Rhode Island grant program that make it even more valuable for manufacturers to apply. Manufacturers with up to 50 full-time equivalent employees who experienced a 30% or greater loss of revenue are now eligible for up to $25,000 grants. Already funded? For manufacturers who already received a grant [...]

2020-10-28T12:00:53+00:00October 28th, 2020|

COVID-19 Update – October 2020

We wanted to make sure you saw the latest update from the Centers for Disease Control and Prevention on how COVID-19 spreads through the air. A freshly updated CDC webpage now acknowledges that the virus can spread through airborne transmission, which means that infected droplets can suspend in the air for minutes or hours, even if [...]

2020-10-08T09:13:33+00:00October 8th, 2020|

Restore Rhode Island Grant Program

The State has announced the application portal for the new streamlined Restore program is now open.  Includes increased eligibility allowing even more of Rhode Island’s small businesses the opportunity to apply. Restore Rhode Island grant program Grants are available for up to $15,000 to help small businesses affected by Covid-19 with fixed costs and other [...]

2020-10-08T09:11:27+00:00October 8th, 2020|
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