New Figures are in – Millions in Impact Reported by Manufacturers working with the South Florida Manufacturers Association (SFMA) and the FloridaMakes network. The South Florida Manufacturers Association – part of the FloridaMakes network – is excited to announce that manufacturers in South Florida have reported a combined total of $77.5 million in measurable impacts (total survey data through Q3, 2017). The results break down to include:
- Increased or retained sales: $46 million
- Total cost savings: $10.5 million
- Total investments: $21 million (equipment, new products, skills and other)
- Jobs created or retained: 676
The survey results represent data from 30 manufacturing companies. On average, over $2.6 million in total impact and over 22 jobs were created or retained per firm. The findings were reported directly by manufacturers through a third-party outside survey conducted on behalf of the National Institute of Standards and Technology’s Manufacturing Extension Partnership (NIST MEP).