FOR IMMEDIATE RELEASE: 05/30/2018
MANUFACTURER’S EDGE HITS $1B 5-YEAR MILESTONE
Company passes $1 billion in sales impact to Colorado manufacturers since 2012
(Denver, CO) Manufacturer’s Edge CEO Tom Bugnitz announced this week that the company helped small- to mid-sized Colorado manufacturing firms increase and retain $1.04 billion in sales since February 2012. Additionally, Manufacturer’s Edge assistance to manufacturers prompted $325.4 million in plant and IT investment and workforce development, $191.5 million in new product & process investments, and led directly to 4,291 Colorado jobs being created and saved. These numbers are tracked and reported by a third-party company contracted by the U.S. Department of Commerce.
Colorado is home to over 6,000 firms employing more than 144,000 workers throughout the state and Colorado’s manufacturing sector contributes $23 billion to Colorado’s GDP, more than the tourism industry ($19 billion). Each year, Manufacturer’s Edge helps Colorado manufacturers by assisting with cybersecurity, organizational and workforce development, continuous quality improvement programs, marketing, and product development, among other services.
Bugnitz says of surpassing the $1 billion impact threshold, “we think of ourselves as a catalyst for change and growth—part of our client’s team to take their business to the next level. In that light, it’s always about the manufacturer. With our help, they identify how to do better and what it takes to get there. They are the ones who execute the growth plan and they created the $1 billion in sales. Our goal is to help manufacturers across the state unlock that same potential.”
Sumer Sorensen-Bain, Chief of Programs and Operations, adds “having this kind of impact is our mission and what keeps us going every day. Manufacturer’s Edge provides a wide array of services to Colorado companies and our team works every day to help companies improve and grow. We are honored to be part of the Colorado manufacturing ecosystem and proud to have this degree of impact.”
Manufacturer’s Edge is a statewide manufacturing assistance center serving manufacturers across the state of Colorado. Part of the MEP National Network under the Department of Commerce, Manufacturer’s Edge is one of 51 state-based centers in the United States, all focused on growing manufacturing through onsite coaching, consulting, and training.