Illinois manufacturers can now access unbiased economic forecasts, education, and best practices to gain and maintain a competitive advantage in today’s shifting economy.
Peoria, IL. March 23, 2022: Manufacturers spent the last two years forging strongly though a global pandemic, and if that wasn’t enough, now they face economic uncertainties. How they navigate the next few months of projected economic instability is crucial to their survival. To be a guiding light though the challenges ahead, IMEC announced its new partnership with ITR Economics, an economic forecasting firm that will provide Illinois manufacturers with additional economic intelligence to drive practical and profitable business decisions.
Established in 1948, ITR Economics has earned its reputation for being First in Forecasts Worldwide. Their unique forecasting methodology sets them apart from the rest of the industry, empowering them to achieve an unmatched accuracy rating of 94.7%, four quarters into the future.
“It is important for manufacturers to stay abreast of what’s happening in the economy so they can plan accordingly and make wise business decisions to not only influence profits, but also help their communities. This new IMEC – ITR Economics collaboration will equip Illinois manufacturers to lead with confidence through economic volatility.” David Boulay, President – IMEC
Through this partnership, Illinois manufacturers have access to several new resources, including:
IMEC is a team of improvement specialists who are dedicated to changing lives and creating a positive impact on Illinois’ workforce and economy. With a mission to drive growth through enterprise excellence, they help organizations become more effective and efficient by identifying issues, developing and implementing solutions, and providing the necessary support that will allow them to excel in areas of leadership, strategy, customer engagement, operations, workforce, and measurement and results. In 2021, they assisted over 1,600 companies and help create or retain over 5,679 jobs, resulting in over $450M aggregate impact to the Illinois economy. IMEC has seven offices statewide and 48 full-time industry improvement specialists. For more information, visit www.imec.org.
IMEC is one of the 51 MEP Centers in the US and Puerto Rico. MEP Centers are part of the MEP National Network, which includes the National Institute of Standards and Technology Manufacturing Extension Partnership (NIST MEP) and over 1000 manufacturing experts at over 400 service locations, with the tools and resources to help US manufacturers succeed and advance US Manufacturing. Being that each Center is a public-private partnership, they are able to connect manufacturers with government agencies, universities and research facilities, trade associations and many more resources that foster growth and innovation. In 2021, The MEP National Network helped manufacturers created and retain over 125,000 jobs. Find your local MEP Center here.
Kristy Johns – Marketing Manager