PMPA Business Trends February 2021

 

Our performance and sentiment indicators this month justify our optimism about the markets and employment prospects for our precision machining industry in 2021. The six- month trend of steady sales in our index shows that we are most likely being constrained by lack of supply and workers. We are performing strongly even as relevant FED indicators declined in February.

 

Demand can only accelerate as our broader economy opens up and consumers spend their new-found savings. Pay attention to the numbers, and not the pessimists. The numbers reflect both a current positive reality for our precision machining shops and anticipate an even stronger three months ahead.

 

PMPA Business Trends February 2021

 

Connecticut Center for Advanced Technology

 

Want to take out operating costs and gain efficiencies using new technologies to advance your business?  Learn more, including how grant funding can support your adoption of new technologies by attending any of our upcoming webinars.  Subsequent FREE consulting and/or prototyping support available thru CCAT’s Advanced Technology team.  

 

View recordingsand download slides now.  

Apprentices Work! New opportunities to strengthen your workforce with CMWDI:  Funding is available to train your team.  Learn more.  

 

Connecticut Center for Advanced Technology

On-the-Job Training (OJT)

 

The On-the-Job Training (OJT) Program assists employers with the cost of hiring and training a new employee. It is funded through the federal Workforce Investment and Opportunity Act (WIOA) and administered through the MassHire Career Centers in Massachusetts.

The OJT Program enables employers to hire new employees and train them at their place of business while being reimbursed a percentage of the new employee’s wages during training.

 

On-the-Job Training (OJT)

Northeast Advanced Manufacturing Consortium

 

The Northeast Advanced Manufacturing Consortium (NAMC) started as an initiative among four workforce investment board directors to form a partnership among industry, academia, and workforce development established to promote sustained support for manufacturing within the Northeast of Massachusetts. Northeast manufacturers are world-class companies that are an essential part of the state’s innovation economy. Manufacturing has a legacy in the Northeast of Massachusetts and we seek to advocate for a thriving advanced manufacturing industry. We have brought together a coalition of private and public entities to leverage funding and develop programming to meet our goals. NAMC also supports youth outreach to create interest in manufacturing careers and the development of training programming.

 

NAMC works to develop the regional workforce pipeline that will provide the skilled employees necessary for advanced manufacturing to remain globally competitive, long into the future. To this end, the consortium leverages a wealth of local, state, and national resources, which include:

  • A diverse and motivated talent pool from world-class universities, community colleges, and vocational technical schools

  • Identify well-defined entry points and career pathways at manufacturing companies

  • Support the development of certificate programs at community colleges and vocational technical schools

  • Promote STEM, AMP it Up!, and other programs to attract top students into the training pipeline

  • Develop advanced manufacturing occupational training programs

  • Partner with companies to create and provide funding assistance for Registered Apprenticeships

 

NAMC

 

SOUTHEASTERN ADVANCED MANUFACTURING CONSORTIUM

MISSION STATEMENT

The consortium provides a forum for employers, educators, MassHire Workforce Boards of Region 6 & 7, and other key stakeholders, to communicate needs and coordinate planning to cultivate a skilled labor pool of manufacturing professionals that meet the needs of our regional employers.

PARTNERS

Partners include manufacturerseducational leaders, technical training providersindustry association representatives, workforce development board representatives and professionals, and other stakeholders.

SAMC

PMPA Business Trends January 2021

 

“Our performance and sentiment indicators this month justify our optimism about the markets and employment prospects for our precision machining industry in 2021. The positive five- month trend of steady operations in our Sales index can only accelerate as our broader economy opens up and consumers spend their newfound savings. Pay attention to the numbers, and not the pessimists. The numbers reflect both a current positive reality for our precision machining shops and anticipate an even stronger three months ahead.”

 

PMPA BUSINESS TRENDS JANUARY 2021