Economic Development Futures Journal

Monday, July 14, 2003

counter statistics

As Recession Fades, Manufacturers Disappear

The past three years have been especially tough on manufacturers. They need more help from the economic development community at this time, especially if we plan to hold onto those we have now.

A recent article in the Houston Chronicle describes how many manufacturers are deciding that as the economic skies clear, they need to move to China and other locations that are more cost-competitive. This tells me that we need to give more, and not less, attention to helping manufacturers, especially technology-based companies, to help them re-gear and grow here in the U.S.

Please don't allow the current situation serve as an excuse on why your community should give less attention to manufacturing. You may just live to regret it, if you do.

Click here to read manufacturing article.

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