Partners, Not Handouts: A Winning Model for Manufacturing Innovation
When economic development policymakers are viewed as collaborators, everybody wins.
When economic development policymakers are viewed as collaborators, everybody wins.
By obtaining technology and scientific grants, government performance contracts, and economic development support, innovative companies can quickly flourish.
Recent legislation making the R&D tax credit permanent is a big boon to manufacturers of all sizes, helping them to innovate and expand.
Promoting innovative, advanced manufacturing cultures within a community involves strategic planning and effective partnership with public institutions.
In order to understand a manufacturer’s process of developing innovative products and bringing them to market, ?Area Development’s editor recently spoke with Olivier Brauen, head of Michelin Tweel Technologies, and Jack Olney, the director of sales.
In an exclusive Area Development interview, Michael Walton, Global Head of Manufacturing Industry, Google for Work, explains why it is important for manufacturers of all sizes to establish a culture of innovation within their organizations and how they can go about doing this.
Innovation ecosystems and advanced technologies are unlocking opportunities for manufacturers, while advancing national prosperity.
By obtaining technology and scientific grants, government performance contracts, and economic development support, innovative companies can quickly flourish.
For the sixth year, Area Development has tackled the question with a multifaceted approach that crunches a wide variety of data to arrive at rankings in four vital factors — Prime Workforce, Economic Strength, Year-Over-Year Growth, and Five-Year Growth.
The states receiving this year’s Shovel Awards are being recognized for their large numbers of high-impact economic development projects, including $1 billion+ deals with thousands of new jobs. Six states — California, Ohio, Tennessee, South Carolina, Nevada and Utah — are being awarded Gold Shovels in recognition of projects undertaken in 2015.
One of Area Development’s staff editors recently interviewed Terry Wohlers, founder of Wohlers Associates, about the state of the 3D printing industry, aka additive manufacturing, which has experienced enormous growth in recent years, going far beyond its original “prototyping” usage to become a manufacturing tool for end-use products in some of the world’s largest OEM production facilities.
Robotics, additive manufacturing, the IoT and other disruptive technologies are helping manufacturers boost productivity and cut costs; the states and metro areas that have the know-how to help businesses become innovative are recognized in our Shovel Awards and Leading Locations reports.
KC Conway, senior vice president for credit risk management, is responsible for market intelligence at SunTrust Commercial Real Estate and oversees real estate valuation for SunTrust Bank. Conway is a nationally recognized speaker on a wide range of commercial real estate topics, from appraisals and bank regulation to ports and securitization.
The fluidity of digital innovation - and its lack of dependence on a traditional industrial infrastructure - means that tech havens are blooming in newer magnets where tech-savvy workers are prevalent, ranging from Ann Arbor, Michigan to Richmond, Virginia.
When companies decide to invest in new, custom-built manufacturing or distribution center facilities, they typically do so because of a lack of existing buildings that would meet their needs. But investing in a new facility doesn’t always mean long-term ownership. Sometimes companies opt to sell the facility and then lease it back.
The extension, lease termination, and right-of-first-refusal options are powerful tools for tenants of office space.
If a company can prove its value to the community where it is or wants to be located, it may be able to secure a valuable incentives package as a result of telling “its story.”
Bus Rapid Transit (BRT) offers communities many advantages, but systems across the nation have met with varied measures of success.
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