Ur­ban Man­u­fac­tur­ing Al­liance launched across US

The Pak Banker - - Front Page -

NEW YORK

A new Ur­ban Man­u­fac­tur­ing Al­liance (UMA) has been launched to ac­cel­er­ate the growth of ur­ban man­u­fac­tur­ing across the U.S. and to cap­i­tal­ize on the sec­tor’s abil­ity to cre­ate sta­ble, high-qual­ity jobs.

The UMA is an­chored by the Pratt Cen­ter for Community De­vel­op­ment in New York and SFMade in San Fran­cisco. It will in­clude man­u­fac­tur­ing job cre­ation ef­forts in 16 cities. Fund­ing for the UMA was pro­vided by a $300,000 con­tri­bu­tion from Citi Community De­vel­op­ment. Ex­chang­ing ideas on how ur­ban man­u­fac­tur­ing can re­duce chronic un­em­ploy­ment and re­gain its foothold in dense ur­ban ar­eas are key goals of the new al­liance. Mem­bers will also share best prac­tices and ad­dress com­mon chal­lenges. SFMade mem­ber­ship has swelled to more than 400 com- pa­nies who are all head­quar­tered in and pro­duc­ing their prod­ucts in San Fran­cisco. This vi­brant sec­tor now em­ploys more than 3,000 low-to-mod­er­ate in­come in­di­vid­u­als. This al­liance re­flects our recog­ni­tion of the ex­cel­lent po­ten­tial in ur­ban cen­ters to ex­pand eco­nomic op­por­tu­nity and job growth at a large scale, said Vicki Joseph of Citi Community De­vel­op­ment. Many Amer­i­can man­u­fac­tur­ers are small busi­nesses, which we know are pri­mary job creators, and re­ports in­di­cate that as many as a third of the na­tion’s small man­u­fac­tur­ers are lo­cated in the 10 largest cities.

The new al­liance was launched dur­ing a two-day gath­er­ing that be­gan at the New York City Eco­nomic De­vel­op­ment Cor­po­ra­tion and ended with a tour of the Brook­lyn Navy Yard to ob­serve a best-in-class na­tional model for non­profit in­dus­trial de­vel­op­ment which now gen­er­ates $2 bil­lion yearly in di­rect and in­di­rect eco­nomic im­pact.

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