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While most sectors have seen a decline in employment in recent years, more than 495,000 manufacturing jobs have been created nation-wide since January 2010. According to a new white paper by the Boston Company Asset Management, “small to midsize component suppliers are among the U.S. companies most likely to benefit first from a resurgence in American manufacturing.” With over half-a-million manufacturing jobs in the Los Angeles area, the region is saturated with small-sized manufacturing companies, over half of which are in the higher-wage durable manufacturing subsector. Well-established firms like Superior Thread Rolling Company and B&B Manufacturing Co., supply high-precision, complex, specialty machined parts for aerospace, military and other leading sectors. Firms like these form the backbone of Southern California’s solid, but often overlooked advanced manufacturing cluster. Continue reading
