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Manufacturing news

01.09.20

Maximizing manufacturing opportunities on the North Shore

Conventional wisdom on manufacturing tells us that it is a declining industry with few pathways to lifelong, lucrative careers for young people making decisions about their futures. It’s time to seriously question that way of thinking.

Yes. The data tells us that manufacturing jobs have been on rapid decline since the 1980s. But according to the Department of Unemployment Assistance/Bureau of Labor Statistics, that decline is starting to slow and, in fact, in northeast Massachusetts, manufacturing jobs grew by 1% from 2016 to 2018. It also continues to be the second-largest industry employer in the northeast region (in Essex County alone, 41,361 people work in manufacturing) and paid the highest total wages in 2018: $1.4 billion.

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12.30.19

Avidia Bank recognized as top lender for manufacturing

Avidia Bank has been recognized by the Small Business Administration (SBA) for their outstanding performance as the most active Massachusetts Lender to Manufacturers in fiscal year 2019.

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