Worcester Business Journal

wbjournal.com | September 4, 2017 | Worcester Business Journal 9 Nat King Cole "You must remember this, a kiss is still a kiss. " Standard Time weekdays 3:00 to 6:00 pm. The Great American Songbook and jazz standards. And great radio is still great radio. Herman Hupfield Nat King Cole "You must remember this, a kiss is still a kiss. " Standard Time weekdays 3:00 to 6:00 pm. The Great American Songbook and jazz standards. And great radio is still great radio. Herman Hupfield Your success is our business! Bay State Savings Bank is the ONLY Worcester-based bank that is still mutually owned. WHEN OUR CUSTOMERS SUCCEED, WE SUCCEED. For a banking relationship that's mutually rewarding, please call our Commercial Loan department: 508-890-9087 Your success is our business! 28 Franklin Street • Worcester, MA 01608 800-244-8161 | www.baystatesavingsbank.com mu.tu.al [myōōCH(ōō)el] 1. "a partnership based on mutual respect and understanding" 2. held in common by two or more par es: deno ng a corporate organiza on owned by its members and dividing some or all of its profits between them. Bay State Savings Bank is the ONLY Worcester-based bank that is s ll mutually owned. When our customers succeed, we succeed. For a banking rela onship that's mutually rewarding, please call our Commercial Loan department: 508-890-9087 28 Franklin Street • Worcester, MA 01608 800-244-8161 • www.baystatesavingsbank.com Your success is our business! 28 Franklin Street • Worcester, MA 01608 800-244-8161 | www.baystatesavingsbank.com mu.tu.al [myōōCH(ōō)el] 1. "a partnership based on mutual respect and understanding" 2. held in common by two or more par es: deno ng a corporate organiza on owned by its members and dividing some or all of its profits between them. Bay State Savings Bank is the ONLY Worcester-based bank that is s ll mutually owned. When our customers succeed, we succeed. For a banking rela onship that's mutually rewarding, please call our Commercial Loan department: 508-890-9087 Your success is our business! 28 Franklin Street • Worcester, MA 01608 800-244-8161 | www.baystatesavingsbank.com mu.tu.al [myōōCH(ōō)el] 1. "a partnership based on mutual respect and understanding" 2. held in common by two or more par es: deno ng a corporate organiza on owned by its members and dividing some or all of its profits between them. Bay State Savings Bank is the ONLY Worcester-based bank that is s ll mutually owned. When our customers succeed, we succeed. For a banking rela onship that's mutually rewarding, please call our Commercial Loan department: 508-890-9087 mu.tu.al [myōōCH(ōō)el] 1. "a partnership based on mutual respect and understanding" 2. held in common by two or more parties: denoting a corporate organization owned by its members and dividing some or all of its profits between them. they're in the advanced manufacturing industries, said State Rep. Jeff Roy (D-Franklin), chairman of the state manufacturing caucus. Manufacturing – as did most indus- tries – took a huge hit in 2008 as the economy crashed, losing about 2 mil- lion jobs nationally. Since 2010, howev- er, nearly 1 million manufacturing jobs have been added in the country, according to the U.S. Bureau of Labor Statistics. The Worcester area has added manu- facturing jobs in five straight years dat- ing back to January 2013, an increase of more than 1,000 jobs, according to the bureau. Although manufacturers agree there still aren't enough people to fill the jobs, successful manufacturers are now looking to take back some control over their product, Roy said. "We're finding that it's far more impactful to drive 45 minutes to a fac- tory [than fly to China] to make chang- es rapidly," Roy said. Expanding in America MTD Micro Molding has operated its Charlton facility since 1998 when it began making miniature devices for a variety of clients. But as the new com- pany began to spread its wings, mold- building shops, previously a staple of the economy in Central Massachusetts began to go under. "We saw that staying the course was not really an option," MTD President Dennis Tully said. After discovering a niche of provid- ing micro and medical devices, MTD is planning a 12,000-square-foot expan- sion of its 16,000-square-foot facility, staying in its small hometown of Charlton. Because of the precision and meticu- lous attention to detail needed for MTD's products, Tully has not even entertained the idea of offshoring the company's operations, losing control of the intricacies involved with making tiny devices. It's also because of that precision and meticulous attention MTF is constantly looking for more employees. *Preliminary data Source: U.S. Bureau of Labor Statistics Manufacturing employment After dropping in the Great Recession, manufacturing employment has recovered nationally and in Worcester County. W 0 3M 6M 9M 12M 15M '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17* 0 100 150 200 250 300 50 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Numbers in thousands 50 40 30 20 10 0 Numbers in thousands '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 13.9M 12.4M 295,376 245,686 41,268 35,086 NATIONAL '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17* 0 100 150 200 250 300 50 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Numbers in thousands 50 40 30 20 10 0 Numbers in thousands '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 13.9M 12.4M 295,376 245,686 41,268 35,086 MASSACHUSETTS 0 100 150 200 250 300 50 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Numbers in thousands 50 40 30 20 10 0 Numbers in thousands '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 295,376 245,686 41,268 35,086 WORCESTER COUNTY

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