Celebrating Manufacturing Month By: Greg Sofra, audit partner, Baker Tilly
E
ver wonder if having manufacturing within your local community is valuable? Significant research has been performed regarding the economic benefit of manufacturing and it has shown that manufacturing is the driver of a healthy, vibrant community that significantly impacts both local and regional economies. For every dollar of manufacturing value created in the United States, $3.60 in additional economic activity is generated. Another study shows that every manufacturing job created in the U.S. leads to approximately 3.4 nonmanufacturing jobs to take the product from start to finish. I’m Greg Sofra with the advisory, tax and assurance firm Baker Tilly. At Baker Tilly, we are proud to partner with the Greater Green Bay Chamber in celebrating Manufacturing Month. We in Northeast Wisconsin are fortunate that so many great manufacturers have chosen our area to build, develop and make the products we all use and rely on each and every day. Manufacturing is an economic activity. Every economic activity stimulates another
economic activity. Evidence clearly shows that manufacturing has a strong “multiplier effect” that impacts our economy in many unique ways. For example, manufacturing stimulates the need for semi-trucks, cargo ships and freight trains to move goods to market. The movement of these goods and the demand for them in the marketplace, in turn, stimulates manufacturing production, provides retail outlets with things to sell and provides other industries the parts and machinery needed to make unique products. Manufacturing truly is the backbone of our economy. So, during October, if you are stopped in traffic by a freight train or feel semi-trucks slowing your daily commute, pause for a moment and realize that manufacturing is good for the long-term health and development of our community and perhaps that minor traffic inconvenience is really a positive thing after all. On behalf of Baker Tilly, the Greater Green Bay Chamber and all of us in Northeast Wisconsin, thank you for your perseverance, ingenuity and innovation.
Fall 2021 | Collective IMPACT 11
