If you want proof that manufacturing isn't dead in the United States, look no further than the A year ago I couldn't have said that. Then, the number of Top 100 companies devoted to manufacturing had shrunk to a mere 11, down from 24 before the recession started.
Because each year's Top 100 actually reflects the financial performance of the previous year, the 2010 weakness in manufacturing was reflecting what happened in 2009, which was still a recessionary year.
In turn, this year's rebound — there are 22 manufacturers in the new Top 100 — reflects what happened in 2010.
"In 2010, many of these manufacturers improved," Timothy G. White, upstate managing partner for KPMG, told me Friday. "It's a great story for our community."
Optics, packaging, molded plastics, insulation, medical supplies, circuit boards, sewage pumps, even airguns and ammunition — these are some of the products coming out of Rochester-area factories and being sold all over the world.
As I wrote a few weeks ago, the new free-trade agreements with Colombia, Panama and especially South Korea will present new export opportunities for our manufacturers. Laurie Ritter DeRoller, executive director of the International Business Council of Greater Rochester, cited Liberty Pumps, the Genesee County company that's No. 19 in the new Top 100, as a manufacturer whose pumps and pumping systems are in demand practically everywhere.
The revival of manufacturing is what gives this year's Top 100 a power that last year's just didn't have. Total revenues of the 100 companies are up 14 percent to almost $9.4 billion. Employment is up 9 percent to more than 90,000. In short, the regional economy is coming back.
White pointed to another sign of strength. After the number of companies nominated for the Top 100 declined the past couple of years, the figure grew 10 percent this year to 183 nominees.
"That's a metric that shows a general overall improvement in financial conditions," he said.
Because each year's Top 100 actually reflects the financial performance of the previous year, the 2010 weakness in manufacturing was reflecting what happened in 2009, which was still a recessionary year.
In turn, this year's rebound — there are 22 manufacturers in the new Top 100 — reflects what happened in 2010.
"In 2010, many of these manufacturers improved," Timothy G. White, upstate managing partner for KPMG, told me Friday. "It's a great story for our community."
Optics, packaging, molded plastics, insulation, medical supplies, circuit boards, sewage pumps, even airguns and ammunition — these are some of the products coming out of Rochester-area factories and being sold all over the world.
As I wrote a few weeks ago, the new free-trade agreements with Colombia, Panama and especially South Korea will present new export opportunities for our manufacturers. Laurie Ritter DeRoller, executive director of the International Business Council of Greater Rochester, cited Liberty Pumps, the Genesee County company that's No. 19 in the new Top 100, as a manufacturer whose pumps and pumping systems are in demand practically everywhere.
The revival of manufacturing is what gives this year's Top 100 a power that last year's just didn't have. Total revenues of the 100 companies are up 14 percent to almost $9.4 billion. Employment is up 9 percent to more than 90,000. In short, the regional economy is coming back.
White pointed to another sign of strength. After the number of companies nominated for the Top 100 declined the past couple of years, the figure grew 10 percent this year to 183 nominees.
"That's a metric that shows a general overall improvement in financial conditions," he said.
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