Innovation and the Next Generation of Local Manufacturing

Research has shown that more than 130,000 manufacturing firms across the country are owned by baby boomers, but the vast majority of these businesses lack a plan for succession. Representing approximately 2.7 million workers and recording more than $690 billion in sales, these businesses and the places they support are facing an uncertain future as owners consider retirement. This is especially true for smaller communities and those reliant on manufacturing industries. In this session, we will learn from experts across the country about this looming threat, their proactive responses, and strategies to implement in your own community to ease the transition.