Don't Give Up on Manufacturing

Communities built on manufacturing should leverage that heritage as they race for jobs in the 21st century, according to speakers at a seminar last week at the Federal Reserve Bank of Chicago.

While it is trendy to think of college-produced biotechnology and information management developments as engines of growth, manufacturers produce more patents annually than do all university labs in the United States, Andrew Reamer, an economic consultant based in Newton, Iowa, noted at the seminar. The commercial patents translate more easily to the production line than do those coming out of college labs.

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