The FloridaMakes Network Reports New Impact Numbers (Q4 2019)

We are excited to report that Florida manufacturers who received services through the FloridaMakes Network have reported a combined total of $1.6 billion in measurable impacts (total survey data through Q4, 2019). The results break down to include:

• Increased or retained sales: $1.1billion
• Total cost savings: $140.4 million
• Total investments: $377.7 million (equipment, new products, skills and other)
• Jobs created or retained: 10,207

The survey results represent data from 364 firms.

On average, $4.5 million in total impact and 28 jobs were created or retained per firm. The findings were reported directly by manufacturers through an independent third-party survey conducted on behalf of the National Institute of Standards and Technology’s Manufacturing Extension Partnership (NIST MEP).

FloridaMakes is a great resource and can help your company address current challenges, create new opportunities for growth and achieve measurable results. 

To learn how FloridaMakes’ services can unlock growth opportunities and cost savings for your company, contact your FloridaMakes’ Business Advisor through your local regional manufacturers association here.

Want to learn more about how we've impacted companies? Read our success stories here.

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