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Wallingford Manufacturer Inks Export Deal With China


Image via WikipediaGood news blared from the speakers of my clock radio, touting the importance of getting out on the street and selling your business, or in the words of John F. Herbst Jr., President of Wallingford\'s I2S, LLC, go to where the fish are. If customers or clients are no longer in your town, state or region, find them.

Herbst found his clients in China and with a little government help from the U.S. Commerce department (more good news, those groups do work for us), landed contracts for $23M in product manufactured in CT and exported to China where I2S will build two steel mills. Fifteen new jobs will be created in Connecticut. An interesting aside is that fifteen jobs represent 40,000 hours in manpower.

Portfolio.com from the BizJournals group published a story about a Kauffman Foundation for entrepreneurship study that stated \"Start-Ups\" are hiring fewer people in part due to technological advancements. Looking at the amount of man hours that go into a single job, one starts to understand how much work one needs to have in their log to create a job. With so many start-ups being technology companies, the good news for one Connecticut manufacturer starts to explain why making actual products is so important to the jobs picture in the U.S.

http://www.portfolio.com/business-news/2011/07/11/kauffman-foundation-study-shows-startups-less-healthy-hiring-fewer-workers

http://www.myrecordjournal.com/wallingford/article_6d3a1e2c-ac34-11e0-9090-001cc4c002e0.html

http://articles.courant.com/2011-07-11/business/hc-china-trade-tenova-20110711_1_trade-mission-mill-wallingford

Related articles
Wallingford Market Update for May 2011 (wallingfordwired.com)
U.S. trade deficit swells (theglobeandmail.com)
New Firms are Generating and Holding onto Substantially Fewer Jobs in the U.S.; Kauffman Foundation Study Finds that U.S. Jobs Problem Pre-dates Great Recession (kauffman.org)
Oil imports drove May trade deficit to $50.2B (seattletimes.nwsource.com)


July 12, 2011



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