In order to ensure continued job creation and investment, manufacturers must grow profitably. Companies must consider many factors related to expansion. Global markets provide opportunities often unknown to SMEs. Additionally, it is clear in today’s business environment that innovation is the primary driver of growth for individual companies and the economy as a whole.
NCMEP partners work with manufacturers who are ready to grow or seeking ways to implement existing growth plans through effective applications.
With one of the largest economic development networks in the nation, North Carolina is dedicated to providing companies the assistance and resources necessary to address their unique business needs. The state has a long term commitment to job growth and retention. As a result, manufacturers can get direct support of their growth plans through various programs.
The NCMEP economic development team offers comprehensive manufacturing facility location and state incentive services from initial contact, through site location to future growth and expansion. In essence, we deliver confidential, thorough and professional assistance for a company’s relocation and expansion needs.
NCMEP Success Stories in Expansion Assistance:
North Carolina plays a strong role in the global economy, attracting foreign companies that base major operations here and supporting North Carolina firms that export goods all around the world. With the weak dollar and rapid growth in emerging economies, export sales are the fastest growing segment of the market. However, many companies are missing out on these growth opportunities because they don’t know the the ins and outs of exporting.
NCMEP and the State of North Carolina provide specialists and a wide variety of enabling programs that can prepare and assist North Carolina manufacturers to export.
NCMEP Success Stories in International Trade:
A recent university study found that businesses with a primary strategy of innovation have double the profit margin of those with a primary strategy of low cost. Innovation management allows manufacturers to expand out of commodity markets and sell unique products on value.
NCMEP can help companies by teaching advanced methods for generating fresh ideas for innovative new products and creating profitable products and services. Additionally, we can help companies identify critical new technologies, processes, materials or capabilities to enable development of ideas.
And back by popular demand, NCMEP partner IES is pleased to announce three Innovation Management workshops in 2016. Click here for more information.
NCMEP Success Stories in Innovation Management:
- Livingston and Haven – Charlotte, NC
Product Development and Testing
Getting a new product all the way to market can be a daunting task for manufacturers without the proper experience and discipline. As the drive for innovation with its continuous pipeline of new design ideas evolves, so can the proliferation of inefficiencies and costs. Small and mid-size manufacturers can be at special risk with their investment capital constraints.
NCMEP maintains staff engineers and unique partnerships with development and testing labs in industries critical to the state including plastics, textiles, and furniture. SMEs have access to the engineers and technicians at the time of need reducing the amount of underutilized infrastructure.
NCMEP Success Stories in Product Development:
- North American Innovation and Manufacturing Corp – Franklinville, NC
Globalization affects all manufacturers as distant markets are now accessible through the internet as never before. Many companies also face competition from low-wage, foreign manufacturers and shifts in the marketplace that are necessitating the need for new customer and new market development.
Also, if your company relies on just a single industry or a few customers, your business is at risk.
NCMEP can help small and mid-size manufacturer with programs to help define new markets and expand existing ones. The center includes services related to optimizing market reach through the internet.
NCMEP Success Stories in Marketing Solutions:
- Think Medical – Raleigh, NC
Key NCMEP Business Growth and Innovation Partners