I recently attended a meeting from Enterprise MN where The State of MN Manufacturing Survey was summarized/presented. Some of the findings were quite interesting and thought we would post a summary of the key points of interest, below:
60% stated workforce is the overriding challenge
Confidence highest it’s been since 2008 for both 2017 and 2018
In 2016 32% expected to expand. Now, 64%
First time since 2008, capital expenditures are up (both 2017 and 2018)
Concern is up from 18% to 32% over cost of energy and materials
38% did strategic planning in 2016 compared to 54% now
2/3 support tax reform but 45% said would help, 42% said would not help.