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The United States is poised for an industrial renaissance as trillions of dollars are spent to upgrade America's manufacturing base and national infrastructure over the next 20 years.
Small and mid-sized companies will do most of the heavy lifting, as U.S. manufacturing data help illustrate.
According to the National Association of Manufacturers, 88% of U.S. manufacturers employ fewer than 50 people. Small businesses similarly dominate the broader industrial services value chain - from design, engineering and fabrication through maintenance, repair and overhaul.
The new ‘Made in America’ movement will massively boost demand for the products, services and know-how of these small companies just as many of their owners approach retirement age.
If we don’t get the ownership transition right, this American comeback could quickly stall out.
