Manufacturing is Alive and Well in WNY

More examples that manufacturing is alive & well in WNY.  The annual Business First Manufacturing Awards honored 20 area companies May 16 at Salvatore’s Italian Gardens for their contributions to the economic climate of Western New York.  Insyte Consulting is proud to have worked with many of the winners & sponsored this event.   Congratulations everyone!   2019 MANUFACTURING

Sustainability & the Supply Chain: Workshop June 26th

Sustainability & the Supply Chain Workshop Reduce Costs and Improve Supply Chain Performance Learn how environmental sustainability can increase your business competitiveness and improve your “transparency” and “traceability” for customers. Workshop Details: When & Where: Wednesday, June 26th 9:00 am- 11:30 am (8:30 am Check-in) Location: Niagara County Center for Economic Development 6311 Inducon Corporate

Maid of the Mist Goes Green

Maid of the Mist First U.S. Ferry Company to Go All-Electric During Nicolas Tesla’s time the Niagara Frontier led the country in promoting the newly available use of electric power for homes and industry.  Today a local family owned business is taking a similar leadership role in promoting renewable power to run its everyday business.

NY Manufacturing Takes a Great Leap Forward

The NY Federal Reserve’s Empire State Manufacturing Survey for May jumped 7.7 points to 17.8, its highest level in six months (a reading above 0.0 indicates growth), led by Shipments (up 7.7 points to 16.3), Unfilled Orders (up 2.8 points to 2.1) and New Orders (up 2.2 points to 9.7).  The Forward Looking Indicator, which

INSIGHTS: SPRING 2019 — PARTNER PROFILES: ART HAMLIN, JOE RIZZO AND KYLE BANKS

In this issue of Insights, we talk with Art Hamlin, director of economic development and corporate citizenship at National Grid (NG) and Joe Rizzo and Kyle Banks, manager of economic development and lead analyst of economic development, respectively, at New York State Electric & Gas (NYSEG) and Rochester Gas & Electric (RG&E). Art Hamlin has

Made in WNY: Houdaille, Wall Street and the dawn of the LBO

Today, the abandoned factory parcel at 537 East Delevan Avenue is in the midst of a transformation as part of the redevelopment of the Northland corridor.  But 40 years ago, it was home to Houdaille Industries, a Buffalo manufacturer, that was “taken private” in May 1979 in a then-unusual deal called a “leveraged buyout” (LBO)

INSIGHTS: SPRING 2019 — CASE STUDY: Global Defense, Inc.

COMPANY   Global Defense fabricates, sources, and manufactures spare parts and assemblies for power train, exhaust, cooling, fuel, hydraulic, and other systems on all types of military vehicles. Situation   A significant portion of Global Defense’s current business is with the U.S. government, specifically the Department of Defense. The company’s longer-term goal is to gain

INSIGHTS: SPRING 2019 — RECENT PROJECTS

A SAMPLE OF PROJECTS THAT INSYTE RECENTLY CONCLUDED WITH WNY COMPANIES: Facilitated the development of a written strategic plan formalizing the strategic direction, including balanced strategic goals and executable strategies, for a regional engineering firm under new ownership. Completed an innovation audit to assess the current state of a Buffalo medical products manufacturer and to

INSIGHTS: SPRING 2019 — PRESIDENT’S MESSAGE

By Ben Rand For manufacturers, each new year signals the start of new initiatives and programs designed to increase competitiveness and profitability. It’s no different for Western New York manufacturers. But what is different in our region is powerful, private-sector support in the form of some of the most effective and flexible grant programs anywhere.

National Manufacturing Softened in April

The Institute for Supply Management released its closely watched PMI reading for last month indicating that U.S. manufacturing softened across the board.  The 52.8 reading, down 2.5 points from March, was reportedly below expectations of 55.0, although it still indicated growth in manufacturing (a reading above 50 indicates expansion).  New Orders, Production, Employment, New Export