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Machinery manufacturing and electrical equipment and

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Unformatted text preview: in 2011. Companies such as Vestas, SMA America, and Abound Solar have increased their workforce numbers with the expansions of their facilities. The subsectors will also benefit from the recent announcement by GE PrimeStar Solar that it will open a solar panel manufacturing plant in Aurora. The GE plant will be the largest in the United States and is expected to create almost 400 new jobs. The machinery manufacturing and electrical equipment and appliances subsectors added about 900 jobs in 2011, bolstered by an increased presence of renewable energy equipment manufacturing. Growth will decline modestly in 2012 due to overall economic uncertainty, with employment in the subsector falling by roughly 200 jobs, to an average of 12,200 positions. Employment in furniture and related products manufacturing contracted by about 300 jobs in 2011. This mature, cyclical subsector is highly dependent on housing starts, population, and income growth. The subsector also faces challenges from increasing furniture imports. However, Colorado is home to smaller-scale furniture producers that ty...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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