National Manufacturing Day
According to the National Association of Manufacturers, nam.org, nearly 5 million manufacturing jobs will be needed over the next decade. Today is an opportunity for manufacturing companies to open their doors to show students, teachers, and their communities what modern manufacturing looks like. Here are a few important facts about the manufacturing sector.
$2.362 Trillion
Manufacturing contributed $2.362 trillion to the U.S. economy in the first quarter of 2020, an all time high.
Goods Exports Quadrupled
Manufactured goods exports have quadrupled over the past 28 years. Steady growth has been observed since 1990.
Good for the Economy
Manufacturing can boast the highest multiplier effect of any economic sector. For every $1.00 spent in manufacturing, another $2.74 is added to the economy.
ACT thanks and supports our manufacturing friends. Contact your ACT representative or email us at info@actcpas.com.