Local

Florida’s manufacturing industry going high tech

By Darrell Moody

Unpleasant surprises: Buying a company can bring challenges

In this Sept. 15, 2017, photo co-owners of fishing rod manufacturer Tom Morgan Rodsmiths, Matt Barber, left, and Joel Doub inspect a rod during the build process at the company in Bozeman, Mont. When Barber and Doub bought the company two years ago, the plan was for previous owner Tom Morgan to stay with the business for five years to mentor them. But six months after the deal closed, Morgan died unexpectedly. (Paige McAfee/Tom Morgan Rodsmiths via AP)

In this Sept. 15, 2017, photo co-owner of fishing rod manufacturer Tom Morgan Rodsmiths Joel Doub at the computer responding to customer emails at the company in Bozeman, Mont. When Matt Barber and Doub bought the company two years ago, the plan was for previous owner Tom Morgan to stay with the business for five years to mentor them. But six months after the deal closed, Morgan died unexpectedly. (Paige McAfee/Tom Morgan Rodsmiths via AP)

In this Sept. 15, 2017, photo co-owner of fishing rod manufacturer Tom Morgan Rodsmiths, Joel Doub, inspects a bamboo rod prior to shipping at the company in Bozeman, Mont. When Matt Barber and Doub bought the company two years ago, the plan was for previous owner Tom Morgan to stay with the business for five years to mentor them. But six months after the deal closed, Morgan died unexpectedly. (Paige McAfee/Tom Morgan Rodsmiths via AP)

In this Sept. 15, 2017, photo co-owner of fishing rod manufacturer Tom Morgan Rodsmiths, Matt Barber, shapes a handle for a custom rod at the company in Bozeman, Mont. When Barber and Joel Doub bought the company two years ago, the plan was for previous owner Tom Morgan to stay with the business for five years to mentor them. But six months after the deal closed, Morgan died unexpectedly. (Paige McAfee/Tom Morgan Rodsmiths via AP)

(Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

By Darrell Moody

ORLANDO, Fla. — Florida’s economy is changing.  Tourism is still the fuel in the Sunshine State’s economic engine, but there is a new industry emerging, manufacturing.

A new report from Florida TaxWatch summarizes the FloridaMakes 2019 Florida MakeMore Manufacturing Summit which was held May 31 in Orlando.

From Grease & Grime to Technology & Talent gives some perspective on how Florida's manufacturing industry is changing.

“With more than 20,000 manufacturing companies providing 381,000 high-wage jobs to Floridians across our state, it is clear that manufacturing is not only a driver of Florida’s economy, but critically essential to the continued economic growth and success of business throughout our state,” said Robert Weissert, Executive Vice President and Counsel to the President and CEO of Florida TaxWatch. “Today, Florida TaxWatch is proud to be joined by Florida’s business and manufacturing leaders to announce the release of From Grease & Grime to Technology & Talent which presents valuable analysis of the strategic challenges facing Florida’s manufacturers, and lays out the constructive strategies proposed by participating industry leaders and experts to overcome them.”

You can read the report by clicking HERE.

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