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Manufacturing Jobs Drop in January

Manufacturing employment declined by 10,000 jobs last month and results were even worse in durable goods industries, the U.S. Bureau of Labor Statistics said today.

Cottonwood Expands Into Industrial Financing

Cottonwood Group, a Los Angeles private equity real estate investment firm, announced the firm’s expansion into the industrial sector with two transactions totaling $80 million in combined value.

GE Appliances Invests $118M in Georgia Plant

GE Appliances, a Haier company, announced plans to invest more than $118 million to grow its cooking appliances business by expanding capacity and developing new cooking products at its wholly-owned subsidiary Roper Corp. in LaFayette, Ga.

Xometry Acquires Thomas

Xometry today announced the acquisition of Thomas (Thomasnet.com), a leader in product sourcing, supplier selection, and digital marketing solutions.

The U.S. is Overly Dependent on Imports

The COVID-19 pandemic revealed how 40 years of increasing dependence on imports and the resulting hollowing out of U.S. manufacturing has created unacceptable national vulnerabilities.