United States manufacturing companies are experiencing a positive uptick, as competition heats up and prices soar due to the current state of our economy. With that, businesses are seeking additional offices, new locations all-together, and opportunities to build or purchase buildings are abundant.
Here at 21st Century Bank, we support local manufacturing industry companies as they expand, grow and prosper – including the purchase of new equipment, acquiring another company and related borrowing via Small Business Administration (SBA) loans. That said, as we know, the economy is always shifting, and we’ve seen a lot of change over the last couple of years, especially since the onset of the COVID-19 pandemic.
Here’s a quick update on the latest economic state and how it impacts our local manufacturing industry by Twin Cities Business Magazine. Our president, Jon Dolphin, was featured in it and the publication does a great job highlighting the latest in the manufacturing industry in the Midwest. Give it a read!
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