Make Your Move

Making It In America: An American Manufacturing Success Story

RSS

Business leaders in Wisconsin are overcoming a challenging economic environment, highlighting the resilient nature of U.S. manufacturing.

I had the pleasure of having lunch with a dozen or so business leaders in Wisconsin last week. They are doing well and seemed to be thriving in the national and state economies. This struck me as interesting given that our Opportunity Index ranks Wisconsin as 45thout of 50 states for businesses. 

Lack of infrastructure and high taxes are two reasons why. The firms in the room were doing well despite local conditions. That is a testament to business leaders who do not stop growing, planning, hiring, changing, adapting just because of extant circumstances. We may not like all the changes in tax law, etc, coming out of Washington, but that does not mean we have an excuse for not going forward.

Additionally, one of the firms (who asked to remain unnamed) is doing something that I found interesting. The firm is making a technical product in the US that is then sold in fifty-five countries around the world. Some of their products go to a UK manufacturer who uses the product as part of a larger composition that is sold into China and other countries.  

This firm receives no special tax incentives, utilizes Wisconsin labor at local labor rates, pays a stiff tax burden, and can still compete globally. I am impressed. This is only one example, but it an example of how US manufacturing is succeeding.

 

Please or Register to post comments.

What's Make Your Move?

Leverage actionable -- and 94.7% accurate -- economic forecasts from ITR Economics, and spot unfolding business cycle trends before your competitors.

Contributors

Brian Beaulieu

Brian Beaulieu has been an economist with ITR Economics since 1982 and its CEO since 1987. He is also Chief Economist for Vistage International and TEC, global organizations comprised of over 13,000...

Alan Beaulieu

One of the country’s most informed economists, Alan Beaulieu is a principal of the ITR Economics where he serves as President. ITR predicts future economic trends with 94.7% accuracy rate and...
Blog Archive
Subscribe to IW Newsletters

This would be valid if only colleagues could interact. I have seen many workplaces in large organizations where only management can interact. All infomation must flow through managers. To make it worse the work layout does not support interactions. ... If you want the benefits of co-location you have to have the right management structure and the right physical structure!!!

on Feb. 26, 2013
IW Marketplace - Buy a Link Now