According to the American Small Manufacturers Coalition (ASMC), manufacturing accounts for 12 percent of the nation's gross domestic product, and small business is a substantial part of it. The coalition says that 99 percent of manufacturing employees work for companies with fewer than 500 people.
Although manufacturing is a significant driver of economic growth, the industry has serious hurdles to overcome to keep its engine humming. On the following pages we outline the four key challenges small manufacturers face, and solutions suggested by those on the front lines.
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