Last year Industry Weekly named their picks for the top 50 manufacturing firms in the country. Apple was number 1. The list is created using the following criteria:
- Companies with a majority of their business in a manufacturing industry.
- Companies that generated less than 50% of revenues from manufacturing, but more revenue from manufacturing than the lowest-revenue-producing company on this year’s list.
- Oil and gas companies that derive at least 50% of their revenues from the refining of oil and gas products
- Companies that derive at least 50% of their revenues from the manufacture of mined materials.
U.S. manufacturing growth accelerated for a third straight month in April, according to an industry report.
The Institute for Supply Management (ISM) said its index of national factory activity rose to 54.9 in April, up from 53.7 in March. It was the best reading since December 2013.
The report beat analyst expectations for a reading of 54.3, though the index remains below November’s recent peak of 57, which was the highest since April 2011.
In an April 2014 interview, former three-term Michigan Governor Engler spoke about Michigan manufacturing recovery, both in the state and around the country to MiBiz magazine. He served for six years as president and CEO of the National Association of Manufacturers and is now president of Business Roundtable, a national CEO group advocating for public policy that encourages economic growth.
“There’s no question that Michigan is on the mend. You’re seeing that with the dramatic improvement in the unemployment rate, the improvement in the business tax competitiveness of the state. Everyone around Michigan, namely Ohio and Indiana, (is) working hard to improve, so there is no time to rest. But it’s nice to see Michigan getting back in the game, and I think it’s a tribute to Gov. Snyder and his legislature, but also to the business community that has been so supportive. They took a good hard look at where they were and then stepped up.”