How to turn Chicago into a high-powered manufacturing hub.
In a new report, the Chicago Metropolitan Agency for Planning (CMAP) says that it's possible to ramp up high-tech manufacturing in the windy city.
Specifically, the Chicago region could reach a new era of "advanced manufacturing" by meeting the nation's growing demand for technical innovations, skilled workers, and infrastructure.
According to the report, a number of factors are involved, and the Chicago area needs to address its product, processes, and people:
Product. A manufacturing sector is advanced if it produces complex and innovative products not easily replicated.
Process. A manufacturing sector is advanced if it creates and utilizes improved processes to realize new efficiencies and costs savings regardless of end product.
People. A manufacturing sector is advanced if it employs people with specialized skills to maximize product and process improvements.
Related recent Blogs
- VIDEO: Concerns about America's defense industrial base • by scapozzola • 05/22/2013
- CNBC: China investing in U.S. • by scapozzola • 05/22/2013
- In Indiana, ongoing concerns about subsidized auto parts from China and Japan • by scapozzola • 05/22/2013
- RADIO: AAM's Scott Paul on Leslie Marshall Radio Show, May 20, 2013 • by scapozzola • 05/21/2013
- May 21, 2013 Headlines: Tensions with North Korea, a stronger WTO, and more. • by LRaup • 05/21/2013
- Shoring up our security means addressing the China challenge • by mmcmullan • 05/20/2013
- Quote of the Day from Caterpillar's Doug Oberhelman • by LDonia • 05/20/2013
- May 20, 2013 Headlines: Manufacturing & social media, growth of the U.S. economy, and more. • by LRaup • 05/20/2013
- President Obama visits Baltimore factory to promote infrastructure investment as a means of revitalizing the middle class • by LDonia • 05/17/2013
- It's Fashion Friday, but NoCargo carries more than just American-made clothing! • by LDonia • 05/17/2013