Manufacturing has always been at the heart of America’s culture and economy. Whether it be cars, planes, or computer hardware, businesses around the world have looked to America for innovative products of the highest craftsmanship. While some domestic companies have moved manufacturing overseas in hopes of saving on labor costs, the nation still relies heavily on this sector to keep moving forward. These expectations are high, since manufacturers contributed $2.18 trillion to the U.S. economy in 2016, up from $1.70 trillion in Q2 2009. Manufacturing accounted for 11.7 percent of the U.S. GDP, a significant stake in the world’s largest economy.
To further illustrate just how essential manufacturing is to America, for every $1.00 spent in manufacturing, another $1.81 is added to the economy. This ratio represents the highest multiplier effect of any economic sector. It is also worth noting that for every worker in manufacturing, there are another four employees hired elsewhere. Not only do Americans depend on domestic production for goods used every day, but many livelihoods are also directly linked to U.S manufacturing.
Magnum Venus Products (MVP), located in Knoxville, TN, and Kent, WA, is the premiere manufacturer of composite application equipment including pumping systems, spray guns, filament winding systems, and much more. The company prides itself on American-made products of superior quality, serving a wide range of manufacturers in diverse industries such as automotive, aerospace, transportation, marine, railway, oil & gas, and wind turbines.
MVP is honored to be a part of the long and storied tradition of American manufacturing excellence. Roughly 12.3 million people hold careers in manufacturing in the United States, accounting for 9 percent of the workforce. The recession had a deep impact on the U.S economy, but since its end, manufacturers have put more than 800,000 people back to work. MVP is proud to be able to create job opportunities for hardworking Americans so that they can support their families, their communities, and their country.
Even as manufacturing jobs continue to move overseas, MVP adheres to a patriotic duty to keep production at home. This serves not only the nation as a whole, but also customers who can rely on high-quality craftsmanship that is more easily accessible as well. In addition, every product is backed by first-class support to provide a stellar overall customer experience. To learn more about MVP, our family values, and All-American mission, visit MVPind.com today!