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MRI Zogby Study 2011

MRI Zogby Study 2011

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Published by zack_seward

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Categories:Types, Research
Published by: zack_seward on Mar 02, 2011
Copyright:Attribution Non-commercial

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03/02/2011

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TheManufacturingResearchInstituteofNewYorkState(MRI)istheresearch,policy,andeducationalarmoftheManufacturersAllianceofNewYork,astatewidecoalitionledbytheManufacturersAssociationofCentralNewYork(MACNY).TheMRIconductsresearchtoincreaseawarenessamongthegeheralpublic,educa-tors,potlcyrnakers,andthemediaabouttheimportanceandnecessityofmanufac-turingsustainabilitytoNewYorkState'sfutureeconomicstabilityandoverallqualityoflife.TheMRIisthefirstandonlyresearchinstituteformanufacturerssolelydedicatedtothepromo-tionandadvancementofNewYorkStatemanufacturing.Thisreport
WClS
commis-sionedbytheMRlandpreparedbyZogbyInternational.
AbouthalfofNYS
menutecturers
whOhavebusinessoperationsinotherstatesbesidesNewYorkreport
it
isaboutthesame
as
it
isinNewYork
State
tomaintaintheiroPeratfons.
JANUARY
2011
Maijufacturing
I
nsntuta
OFNEWYORKSTATE
StrengthenlllgNew\tJrk's
Manufacillnng
SeClllr111n)ughKnDwledgeandResearch
THESTATEOFMANUFACTURINGIN
NEW
YORK:
ANMRI/ZOGBY
INTERNATIONALSTUDYEXECUTIVESUMMARY
COMPANIESMAINTAINING
SIZ.E
ORGROWING
DESPITENEGATIVEOUTLOOK
Acombined61
%
reporttheircompanysizehas.eitherremainedthesameorgrownwithinthepastfiveyears,accordingtoarecentZogbylntarnatlonalsurveyofNewYorkStatemanufacturers.Thisisgoodnews,considerinqthataboutnineintenmanufac-turersacrossNewYorkStatehaveanegativeoutlookonthecurrentstateofthemanufactur-ingindustrywi.thintheStateofNewYork.Taxes,thesluggisheconomy,ordecliningemploymentarecitedbyhalfasthefirstthingthatcomestotheirmindwhenthinkihgaboutthemanufactur-ingindustrywithintheStateofNewYork.Afterconsideringthepastfiveyears,threeoutoffive:reportthatmaintainingmanufacturingbusinessoperationswithinNewYorkhasgottenworseMostblamethestateofthebecomeevenworsefiveyearsfromnow.However,despitethisnegativeoutlookfromthemajorityofmanufacturers,nearlyhalfthinktheabilitytomaintainmanufae-turingbusinessoperationswithintheStateofNewYorkwillgetbetter
Of
remainthe
-same
withinthenextfiveyears.
CompanySizePastFiveYears
economy,taxes:andthelackorbusinessasreasonswhythingshavegottenworse.Infact,twooutoffivethinktheabilitytomaintainmanufactur-ingbusinessopera-tionswithintheStateofNewYorkwill
R$main:edabout
thesame
Grow.n
ThreeoutoffivelhinkNewYorkStatepresents-apooropportunityasaplaceforyoungpeopletobeginoradvanceacareerinrnanufac-turingorasaplacetolaunch
Of
developsmallmanufaoturingbusinesses.
Downsized
OTHER
STATESSEE~NG
SIMILAR
MANUFACTURING
INDUSTRY
WOESAS
NYS
NewYorkStatemaybeoffonthewrongtrack,accordingtosevenintenmanufacturerssurveyed..However,thisisnotnecessarilybadnews.Elevenpercentofmanufactur-erssurveyedsaytheircompanyhasbusinessoperationsinanotherstaleoutsideofNewYorkandmaintainingtheseoperationshasjustaboutthesamenegativeoutlook,ifnotworse,asitdoesinNewYorkstate.Nearlyhalfreportitisaboutthesameas
it
isinNewYorkStatetomaintaintheircompany'sbusinessoperationsinotherstatesandoneinfivesayitismoredifficultinotherstatesthanitisinNewYork.Taxes,weaksales,thecost
18%
ofemployeehealth
0
benefits,andstategovern-mentregulationsarejustafewoftheissuescitedbymanufacturersasposingsignificantproblemsfor
theircompany'soperationsinotherstatestostaycompetitive.
Ease
ofBusinessOperations
rn
OtherSta.tes
ComparedtoNYS
9%
IIAbo~r·lh(j
46%
raEasle~
I!iIMQ.fe
dirfkult
27%
aNotsure
 
Page2
WHATDOESAMANUFACTURING
BUSINESSIN
NYS
NEED
TOBESUCCESSFUL?
Taxincentives/lowertaxesor
an
increasein
business/Salesare
citedbytwooutoffivemanufacturers
as
what
a
manufacturingbusinessneeds
to
be
successfulwithintheStateofNewYork.
GiventhecurrentconditionsofNewYorkState'seconomyandthenegativecondltlonssurroundingeconomicdevelopmentoptions,NewYork'smanufacturingindustryisinadifficultposition.Morethantwo-fifthsreporttheircompany'scapital/otherinvestmentshavedecreasedwithinthepastfiveyears.Twooutofthre.citetheconditionsoftheeconomy,alackofbusiness,alackofcapital/money,orStateregulations/Albanypoliticsastheobstaclesstoppingtheircompanyfrommakingmorecapital/otherinvestments.Iftaxincentives/lowertaxesoranincreaseinbusiness!saleswerepossible,twooutoffivemanufacturerssaytheircompanywouldbeencour-agedtomakemorecapital!otherinvestments.AccordingtotheopinionofhalftheNewYorkmanufactur-erssurveyed,lowertaxes!taxbreaks,reducedcosts,morebusiness/customers,orquality/goodproductsiswhatamanufacturingbusinessneedstobesuccessful
in
theStateofNewYork.
REDUCED-COSTSiEXPENSES
LOWETAX
5
LESS,REGJL~TlDNS
...SKILLED.E.M.PLOY.EES'l.11ll"J~'~
I..
MORE.AVAILABLE.CAPIT
AL"-~-
-~......:c:...
c.-.
z::
_:c..::
-'=-"-'F"~""-"'
MOREBUSINESS-'-"._--
·--~",,::,.;.u...I'oo.
.
.
QUALlTY.PRODUCTS
1.S!£..;w..~~',:(\.;
Nearlytwooutofthreemanufacturerscitehightaxesorthecostofliving/expensesastheworstthingabouthavingmanufacturingbusinessoperationswithintheStateofNewYork.
~Manulattllri~
ResearchllismutE.o.
 
_Page'
SURVEYSUMMARY:
Thef0/1owinggraphicsrepresentactualquestions,astheywerewordedintheMRJ/ZogbyInternationalsurvey,andtheresults,
as
reportedbythesurvey.Allquestionsmaynotbeincluded,andthequestionsmaynotbeintheexactorder
as
theyappearedwithinthesurvey.
Q:
"Pleasetell
me
howyouwouldratethefollowing-ExcellentGood,Fair,orPoor.."
Excellent
Good
Fair
Poor
ThecurrenteconomicconditionswithintheStateofNewYork
54%
ThecurrentstateofthemanufacturingindustrywithintheStateofNewYork
~
Excellent
0%
.6%
Good
~130%
FairPoor
17%
Notsure
i.:
---
-
--
--~-.-
._._.
/
------------------_-_-_-__.1
~M~nula~lurill!lAeseillCl1lnSlilUl~..••.

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