Catalyst Connection Honors 25 Top Manufacturing Companies By Jonathan Kersting, Associate Publisher, Made in PA / TEQ Magazines (TECHBurger.com)
Celebrating 25 years of success helping manufacturers grow, Catalyst Connection recognized 25 top companies and projected trends that will impact the sector at an event held at the Heinz History Center last evening. The organization, a Pittsburgh-based economic development and manufacturing consultancy, advances the performance of small manufacturing companies.
“Catalyst Connection was created in 1988 by Governor Casey to help small manufacturing companies survive the decline of the steel industry,” explained Petra Mitchell, president and CEO. “Since then, this organization has partnered with more than 1,600 manufacturing companies. To commemorate this milestone and the innovation in this region, we are recognizing 25 manufacturers to represent all of the firms that are setting the bar for success in the industry.”
With more than 300 people in attendance, Mitchell shared data and trend information about the manufacturing sector which included:
As of mid-2012, 97,000 people were employed in manufacturing in southwestern Pennsylvania, the highest mid-year level since 2008 and 1.1% higher than mid-year 2011.
Total manufacturing wages for the 12 months ending mid-2012 totaled $1.3 billion, almost reaching pre-recession levels.
In addition, there were 53 manufacturing expansions announced in 2012, representing 2,832 jobs. In comparison, in 2011, 46 manufacturers announced expansions representing 1,957 jobs.
In the last five years, these 25 companies have invested over $3 million into the training and professional services offered by Catalyst Connection and its partners. As a direct result, they have reported the following:
• $87 million new sales
• $425 million retained sales
• $58 million cost savings
• $48 million additional investments into plants and people
• 550 new jobs
• 2,035 retained jobs
ABOUT CATALYST CONNECTION
Based in Pittsburgh, Catalyst Connection is an economic development organization dedicated to helping small manufacturers improve their competitive performance. Our advisors, consultants and instructors offer training, consulting and administer financial programs that can provide funding for equipment, machinery, or capital improvements.Learn more at Catalyst Connection.