NewsBytes: March / April 2014

March 12, 2014 No Comments
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Check out some of the latest news and events happening around MPMA and the manufacturing industry. If you have something you would like to submit for publishing to our news section, please email newsbytes@pm-mn.com. For more news and events be sure to check out www.pm-mn.com.


Generation Y

It is projected that Generation Y (age 18-32) will make up 75 percent of the workforce by 2025.

GDP Growth

CNN ranks Minnesota fifth nationwide in GDP growth with manufacturing as one of the main contributors.
Source: DEED


State Manufacturers Optimistic About 2014

94%  expect exports to increase or stay the same.

93%  expect productivity to increase or stay the same.

80%  expect profits to increase or stay the same.

83%  expect investments in plants or equipment to increase or stay the same.

87%  expect orders to increase or stay the same.

Source: DEED


Recently in the News

The Women in Manufacturing STEP Awards …

honor women who have demonstrated excellence and leadership in their careers and represent all levels of the manufacturing industry.  Congratulations to the following MPMA members who are proud recipients of the STEP Award: Kimberly Arrigoni, Haberman Machine; Altheha DrePaul, E.J. Ajax; and Traci Tapani, Wyoming Machine. The Manufacturing Institute honored 160 recipients with this award in early February.

U.S. Sen. Al Franken  …

and Erick Ajax, vice president and co-owner of E.J. Ajax and Sons, attended the State of the Union address on January 28, 2014.
Since taking office, Sen. Franken has met with business leaders all over the state about how to address the “skills gap.” E.J. Ajax and Sons has been a leader on this issue, investing in internships, apprenticeships, education, and professional development for their employees.

Anoka-Ramsey Community College  …

was awarded a $49,475 grant from the Minnesota Department of Employment and Economic Development (DEED) under its Minnesota Job Skills Partnership (MJSP program) to train 35 employees of Alliance Machine in Elk River.
“The customized training provided by the Minnesota Job Skills Partnership Program creates an opportunity for workers to grow their careers and earnings potential and allows Alliance Machine to compete competitively in the global marketplace,” said DEED Commissioner Katie Clark Sieben.

Micro-Matics Inc.  …

recently enhanced its culture by becoming a 100 percent employee-owned company. Micro implemented an Employee Stock Ownership Plan (ESOP) that allows the employees to share in the company’s growth and success. This ESOP structure improves employee benefits and financial flexibility, and creates both an additional retirement plan for its employees and an incentive for company growth.


Do you have a story to tell? Contact Amy Slettum at newsbytes@pm-mn.com and see your story in the next online issue of Precision Manufacturing.

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