manufacturing

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A new accounting standard issued by the Financial Accounting Standards Board (FASB) will soon require companies to recognize leases on their balance sheets. In doing so, it could have a major impact on your banking relationship and covenants—and, in turn, impact your access to new capital. Read More
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It’s a simple fact. The price a potential buyer will pay for a manufacturing business is higher when the intangible assets of the business present well. Business owners who have been proactive in managing and protecting their company’s intellectual property assets have an easier time demonstrating that those assets will continue to bear fruit after the transition. Read More
We asked a handful of 2016 (Real) Power 50 honorees and Manufacturing Award winners to share their recent wins, near-term plans, and expectations for the future. Here’s what they had to say, lightly edited for clarity and brevity.
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President Trump has made it a campaign priority to bring manufacturing back to the United States. While details are yet to emerge on tax and trade policy proposals from the new administration, there is a potential tax saving opportunity that U.S. manufacturing and distribution businesses may not be aware of - and could take advantage of in 2017. Read More
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Some business owners focus on growing their profits, while others are obsessed with sales goals. Have you ever considered making it a goal to structure your business to run without you? Read More
Modern manufacturing is a technology-driven enterprise. It’s simply not optional for manufacturers to keep abreast of technological changes pertinent to their industries. Those that do, thrive; those that don’t, struggle. It might be essential, but that doesn’t mean it’s easy. Read More

Photo via iStock

Late last month, the Institute for Supply Management raised eyebrows across the Midwest when it reported a much lower than expected factory activity reading across the nine-state region (per Fox Business). Read More
The announcement of an expansion of a west metro biomedical firm represents yet another development in cementing Plymouth’s status as a high tech medical hotbed. Read More
Everyone knows the brands Medtronic, St. Jude Medical and Boston Scientific, the high-profile medical device innovators with deep Minnesota roots.
They are but the tip of the sector’s iceberg.
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