NERC Economic Impact Analysis
Impact Washington is pleased to present Washington’s manufacturing community with the attached report from the Northwest Economic Research Center detailing the work Impact Washington has done for small and medium-sized manufacturers in the state.
Since 1996, Impact Washington (originally Washington Manufacturing Services) has been the state-level representative for the National Institute of Standards and Technology’s manufacturing extension partnership network. In that role, Impact Washington’s mission has been to improve the performance of the state’s manufacturing companies, managers and employees, through low or no-cost consulting services. In doing so, our goals are to strengthen the state’s manufacturing sector, enhance its competitiveness in the global economy and increase its contribution to Washington’s economic well-being.
Manufacturing matters to Washington. The sector is responsible for nearly 300,000 jobs in the state, which has become a national and global leader in such industries as aerospace, food and beverage production, advanced materials including composites, industrial machinery such as waterjets, boatbuilding and medical devices. Manufacturing jobs are prized for their above-average wages.
To compete in global markets, small and medium-sized manufacturers rely on the expertise and perspective that Impact Washington’s consultants provide. From introducing lean production techniques to identifying promising market niches, Impact Washington helps businesses increase their value by delivering top-line growth and bottom-line results.
This report, prepared with data compiled from surveys of Impact Washington clients who used its services in 2014 through the first three quarters of 2017, details the results of that work through jobs created or retained, sales increases and changes in investments.
The direct and indirect economic impact of Impact Washington in that time: more than $1.2 billion in additional output in the state.
Even more impressive is the impact, as noted in this report, of the organization’s efforts to help manufacturers in rural areas of the state, where good jobs with wages and benefits to support families and communities are often scarce.
Numbers alone don’t tell the full story of Impact Washington’s importance to manufacturing in the state. It can also be found in the individual successes that Impact Washington has contributed to at companies around the state, including:
■ A small family owned contract-electronics manufacturer that, with Impact Washington’s help, achieved ISO 9001 and AS9100 certifications, leading to a doubling of sales and employees.
■ A food packaging company that, with the assistance of Impact Washington, achieved the highest food-safety certification while also implementing lean, which meant reduced customer returns, inventory turns, scrap and rework while increasing production capacity, jobs and new business.
■ A custom-injection-molding company that used training provided by Impact Washington to develop innovative programs to give it a competitive differentiation and win it new customers.
We invite you to read the report to understand the real, quantifiable difference Impact Washington is having on the state’s manufacturing economy, and to visit our solutions pages to see how Impact Washington makes manufacturers more nimble, efficient, productive, competitive and profitable.
President, Impact Washington