South Florida Manufactueres Association and FloridaMakes Improve the Competitiveness and Productivity of Manufacturers in South Florida
(Fort Lauderdale, Florida) JULY 24, 2019 – The South Florida Manufacturers Association (SFMA), a member of the FloridaMakes network, announced today that Florida manufacturers who received services through our state-wide FloridaMakes network have reported a combined total of over one billion dollars in measurable economic impacts and created or retained 6,953 manufacturing jobs since the program started delivering services in 2016.
The FloridaMakes network is a state-wide industry-led initiative operated by Florida’s Regional Manufacturers Associations in partnership with industry, research, educational, and economic development organizations, both public and private, at the state and national levels. The network’s mission is to improve the productivity and technological performance of Florida manufacturers by accelerating technology adoption, talent development, and business growth, and to strengthen the state’s high-wage manufacturing economy. The SFMA through it’s partnership with FloridaMakes helps companies address current challenges, create new opportunities for growth, and achieve measurable results.
Impact results represent data from 283 client engagements across the state and were obtained through a survey conducted by the National Institute of Standards and Technology (NIST), an agency of the U.S. Department of Commerce. On average, $3.7 million in total impact, and over 24 jobs were created or retained per firm (total survey data through Q1, 2019). The numbers break down as follows:
- Increased and retained sales: $697 million
- Total cost savings: $97.9 million
- Total investments: $249.5 million
- Jobs created and retained: 6953
“This remarkable impact demonstrates the significant strides manufacturers have taken in improving their businesses, and FloridaMakes’ dedication to helping Florida companies increase their global productivity and technological performance,” stated Maria Alfano, FloridaMakes’ Chief Operating Officer.
“Since SFMA became part of the FloridaMakes network, we have been able to measurably, and substantially, improve the competitiveness of the firms we’ve worked and our impact our regional economy. The establishment of our business advisory services has significantly elevated the value our association brings to the marketplace. I can’t thank enough Jay Hess, our business advisor, who has helped many of our members achieve results.” stated Matthew Rocco, President of SFMA.
SFMA, through its partnership with FloridaMakes, provides services that are customized to meet the needs and opportunities of individual companies. This is a unique member benefit to all manufacturers involved in the SFMA. Click on the following link to see a recent success story through the SFMA/FloridaMakes business advisory services: https://ws680.nist.gov/mepmeis/ManufacturingSuccesses.aspx?SSID=4693 To learn how we can unlock growth opportunities and cost savings for manufacturers, contact Jay Hess at 954-494-4895 or email@example.com.
About the South Florida Manufacturers Association (SFMA)
The SFMA has held the distinction of being the dedicated resource for manufacturers in South Florida since 1961 saving its members time and money through advocacy, networking and resources. SFMA prides itself on being member driven – creating new products and services as members’ needs change. The mission of the SFMA has remained constant though out its history: To Serve Manufacturers. The SFMA advocates for manufacturers across the South Florida Region covering 8 counties that include: Monroe, Miami-Dade, Broward, Palm Beach, St. Lucie, Martin, Okeechobee, and Indian River. This territory serves 6,000 manufacturers. For more information, please visit www.sfma.org
The FloridaMakes network is a state-wide, industry-led initiative operated by an alliance of Florida’s Regional Manufacturers Associations with the sole mission of strengthening and advancing Florida’s economy by improving the competitiveness, productivity and technological performance of its manufacturing sector, with an emphasis on small- and medium-sized firms. It accomplishes this by providing services focused on three principle value streams: technology adoption, talent development, and business growth.
The FloridaMakes network is the official representative of the MEP National Network, which is operated by NIST, for the State of Florida. More information on the FloridaMakes network is available at www.floridamakes.com. More information about the MEP National Network is available at www.nist.gov/mep.