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Take Small Business Owners — Loan HowNote, Millennials’ Technology Expectations Approval High Can HelpRates Save Are Manufacturing Millennials’ technology expectations have been shaped by smartphones, Facebook and digital media – in other words, by easy and ubiquitous connectivity. It’s not surprising, then, that traditional manufacturing systems can seem as retro as waiting for dial-up internet to connect. And that’s bad for the manufacturing sector, because its skills gap is looming large. A joint study by the Manufacturing Institute and Deloitte Consulting projects a surge of nearly 3.5 million open manufacturing jobs created over the next decade. Some of the empty slots will come by way of retiring baby boomers, while others are related to new positions createdbusiness as a result of approval natural business thehave report found.What the Small loan rates forgrowth, big banks spiked. report also predicts: As conditions stand now, 2 million of those jobs will go unfulfilled. In other need forpercentage the manufacturing According to a new study, thewords, Augustthe approval for bankssector to appeal to Millennials – the generation typically defined as those — with assets of $10 billion and more — rose two-tenths of a percent born between 1981 and 1997 – is both critical and a very tall order. from July’s figure of 26.3 percent to 26.5 percent. The data, published last month more than 1,000genIndeed, manufacturing still by hasBiz2Credit, a negativeexamine image among younger credit applications made by small businesses. erations, experts say. In a 2015 public perception of manufacturing
We s t e r n S t a t e s M e t a l s
study, also by The Manufacturing Institute and Deloitte, respondents 8466 E US Hwy 34 970-667-5320 Biz2Credit CEO Rohit Arora tsnoted a healthy retail demand and “the We p r i d e ourselves on our ser vice ages 19 toand 33 qualit rankedy produc manufacturing as their lowest preference in terms PO Box 1417 Fax: 970-667-5322 willingness of small business owners to reinvest their savings from tax of potential career choices. Loveland, CO 80539 Toll Free: 866-667-5320 cuts” as the reason for the uptick in lending. We s t e r n S t aandt equalit s yMproduc e t ats l s Cast Bronze Bar We pr ide ourselves on our ser vice haroldh@rongrob.com We p r i de ourselves on our ser vice and qualit y produc ts Tubes • Solid • Wear Plate Manufacturing’s image complex and in, some aspects, based “Retail sales are up, andproblem sectors issuch as transportation, logistics, Copper Alloys on false assumptions. But oneare realperforming obstacle is extremely thatExpanded some manufacturing C-10100 warehousing, and construction well,” Arora We s t e rC-11000 n OFHC SCU-ETP) t a t e s C-46400 M eNavaltBrassa l s Northrop Grumman Opens C-51000 Phoshpor Bronze We p r i d We e o u r s eslves our ser vice and qualit y prod u c t s C-62400 Aluminum Bronze systems can seem antiquated, and it’s an issue that many manufacturers tC-17200 eon(C110 rBeryllium n S t a t e s M e t a l s Cast Bronze Bar C-14500 Tellurium Copper of their We s tCast e r n Bronze SC-63000 t a Nickle t e s Bar M Bronze e t a l s added. “Right now, business owners are confident in the future Copper Chandler Campus For Missile Defense Work Weon p• rSolid iour d e o•user r s e lvice vePlate s o nand o u r qualit s e r v i ce yaAluminum npro d qualit ts Tubes Wear We pr ide ourselves d u cytproduc s C-63020 Nickle Aluminum Bronze and related organizations are already addressing. C-18000 Copper Chromium Nickle Silicon opper Alloys firms. August is typically a slow month for loan volume, but that wasn’t Copper Alloys We p r i d e o u r s e l ve s o n o u r s e r v i ce a n d q u a l i t y p roduc ts Silicon Aluminum Bronze We pride and products C-18200 Chromium Copper Weourselves s t e r nonSour t a tservice e sMachining M e t quality a l s CC-64200 C-46400 Naval Brass -65500 Silicon Bronze C-36000 Freeand Brass the case this year.” We pr ide ourselves on our ser vice qualit y produc ts Manganese C-51000 Phoshpor Bronze Cast ETP) We s t e rCast n S t aBronze t e s C-67500 M eBar tBronze aBronze l sBronzeBar Copper Alloys C-62400 Aluminum Bronze Cast Bar Cast Bar Copper Copper Alloys We pr ide ourselves on • our ser viceBronze and qualit y produc ts Tubes Solid • Wear Plate Modern and accessible tech C-18000 Copper Chromium C-10100 OFHC C-86300 Mangunese Bronze Copper Alloys C-63000 Nickle Aluminum Bronze Copper Tubes • Solid • Wear Plate Copper Alloys C-89835 Lead Freerose Bronze at regional and community banks as C-63020 Nickle Aluminum Bronze Business loan approval rates Nickel Silicon C-63020 Nickel Aluminum Bronze Cast Bronze Bar hromium Nickle Silicon C-46400 Naval Brass Cast Bronze Bar 00 OFHC C-93200 (SAE660) Bronze C-64200 Silicon Aluminum Bronze m Copper C-46400 Naval Brass Bronze C-51000 Phoshpor BronzeC-65500 Silicon Copper Alloys 00 (C110 CU-ETP) Tubes • Solid • Wear Bronze Plate C-95400 Aluminum Bronzepercent of the funding requests they Cast Bar well. Small banks granted 49.8 C-65500 C-62400 Silicon Bronze hining BrassCopper Aluminum Bronze 00 Tellurium opper Alloys C-11000 (C110 CU - ETP) C-51000 Phoshpor Bronze C-95510 Nickle Alumninum Bronze C-67500 Manganese Bronze Forward-looking companies and organizations in the manufacturing Copper Alloys C-63000 Nickle Aluminum Bronze 00 Beryllium Copper SAE841 Oilite from July. It represents the highest C-14500 Tellurium Copper C-62400 Aluminum Bronze received in August, up one-tenth C-63020 Nickle Aluminum Bronze Brass 00 Copper Chromium NickleC-46400 Silicon Naval Bronze C-64200 Silicon Aluminum Bronze C-86300 Mangunese C-17200 Beryllium Copper C-63000 Nickle Aluminum Bronze C-86300 Mangunese Bronze sector are working to update systems so they better align with the 00 C-51000 Phoshpor Bronze TP)Chromium Copper C-65500 Silicon Bronze figure for small banks since November 2014. 00 Free Machining Brass Chromium C-89835 Lead FreeBronze Bronze Why Contact Faustson Tool? C-62400 Aluminum Bronze C-18200 Copper C-36000 Free Machining Brass Copper C-67500 Manganese Bronze C-93200 (SAE660) Bronze Bushings ease and accessibility of user experience so pervasive with personal C-63000 Nickle Aluminum Bronze C-89835 Lead Free Bronze Copper SAME DAY SHIPPING C-64200 Silicon Aluminum Bronze C-95400 Aluminum Bronze romium Nickle Silicon C-63020 Nickle Aluminum Bronze C-93200 (SAE660) Bronze Bronze C-86300 Mangunese Bronze Your One Stop Service Center • We are a leader in 5 Axis Manufacturing Technology, Technology Bronze C-95510 Nickle Alumninum Bronze C-64200 Silicon Aluminum Bronze technology. Traditional manufacturing – for example, Copper C-89835 Lead Free Bronze Institutional lenders — pension funds and platforms insurance companies — C-95510 Nickel Aluminum Bushings SAE841 Oilite C-65500 Silicon Bronze SAME SHIPPING ining Brass C-93200 DAY (SAE660) Bronze Bronze Bronze Bushings C-67500 Manganese Bronze 5 Axis Milling including and 5 Axis EDM. C-93200 Cast Bronze Your OneAluminum Stop Service manufacturing execution systems and supply chain applications – Bronze C-95400 Bronze Center SAME DAY SHIPPING remained unchanged at an Index record 64.9 percent, up one-tenth ofare Bronze SAE841 Oilite SAE841 Powder Metal Bearings C-95510 Nickle Alumninum Bronze Chrome Plated Bars Your One StopPlated Service Center Bronze Brushings Custom Machined Bushings SAE841 Oilite C-86300 Mangunese Bronze being redesigned with new mobile interfaces, cloud capabilities and 75K-100K Induction Hardened Chrome Bars SAME DAY SHIPPING Bushings • We haveBushings 30Bronze Years ofBronze Experience Servicing SHIPPING Customers. a percent Standard from&July’s figure. SAME DAY SHIPPING SAME Special Oil Grooves (in-house) DAY C-89835 Lead Free Bronze Metric Sizes Your One Stop Service Center DAY SHIPPING Bushings SAME C-93200 (SAE660) Bronze Your SAME One Stop Service Center Cut to Length modern-day dashboards to make what has historically been perceived Bushings Your DAYPlated SHIPPING One Stop Service Center Chrome BarsCenter • Fauston is a Woman Owned Small Business. C-95400 Aluminum Bronze C-93200 Cast BronzeTool Your One Stop Service Bushings One Stop Service Center DAY SHIPPING Chrome Plated SAME BarsYour Pre-Honed Cylinder Tubing Bronze C-95510 Nickle Alumninum Loan approval rates amongfar alternative lenders to 56.6 asCylinder arcane into something more friendly androse familiar to a percent, tech-savvy SAE841 Powder Metal Bearings Chrome Plated Bars Cast Iron Pre-Honed Tubing Your One Stop Service Center ast Bronze • Our customers span the Aerospace, SAE841 Oilite Defense, Medical, Custom Machined Bushings Chrome Plated Bars 75k-100k - Induction Hardened Northrop Grumman Corp. hasthan opened itsprevious expanded Chandler campus Standard and Metric Sizes CutaTopercent Length wder Metal Bearings Cast Iron Chrome Plated Bars Chrome Plated Bars one-tenth of higher in the month. Bronze audience. Special Oil Grooves (in-house) Stainless Steel Standard & Metric Sizes achined C-93200Bushings Cast Bronze NEW 75K-100K - Induction Hardened Pre-Honed Cylinder Tubing Gray Iron Class 40 Semi-Conductor, Energy and Aeronautic industries. Centrifugally Cast Tubes as the home for its aerospace launch vehicle business. Pre-Honed Cylinder Tubing Cut to Length Grooves (in-house) SAE841 Powder Metal Bearings Chrome Plated Bars Cast Iron Standard & Metric Sizes Ductile Iron Bushings Cast Iron Custom Machined Bushings Cast Iron SAME SHIPPING 75K-100K - DAY Induction Stainless Steel lenders have become a source of quick capital. When small CutHardened to Length Pre-Honed Cylinder Tubing 65-45-12 • 80-55-06 Special Oil Grooves (in-house) Cast Iron Alternative NEW Standard & Metric Sizes Gray Iron Class 40 Stainless Steel Pre-Honed Cylinder Tubing Solids • Tubes • Plates Aluminum 6061-T6511 Your One Stop Service Center Pre-Honed Cylinder Tubing ADDITIONAL “As Millennials move into the manufacturing environment, there’s a Centrifugally Cast Tubes NEW Cut to Length •Cast OurIroncertifi cations include: ISO 9001:2000, JPL Flight Ductile Centrifugally Cast Tubes Standard &Cylinder Metric Sizes Cut to Length Iron The 633,000-square-foot national defense Stainless Steel business owners, alternativecampus lenders supports could approve riskier loansand via 300 - 400 Series Pre-Honed Tubing MATERIALS Stainless Steel 65-45-12• 80-55-06 NEW NEWStandard and Metric Sizes Cut To Length certain expectation that the technology they are interacting with will st Bronze Centrifugally Cast Tubes Centrifugally Cast Tubes ron Available Upon Request Certifi ed, Ball Flight Certifi ed, MPC Flight Certifi ed, Pre-Honed Cylinder Tubing Solids • Tubes • Plates aerospace projects, including the U.S. missile defense program and innovations in fintech, which give them more flexibility than the banks wder Metal Bearings AluminumStainless 6061-T6511 Steel Chrome Plated Bars Metal Free Anti Seize Steel ADDITIONAL Standard and Metric Sizes CutDepac To Length ast Iron work the same asfor what they grew up with,” said Matt Wells, product NEW ADDITIONAL Aluminum 6061-T6511 chined Bushings 75K-100K - Induction Hardened Centrifugally Cast Tubes ed, ITAR Certifi ed Centrifugally Cast Tubes satellite the U.S. Force,This NASA and commercial to adjust launches ratesBar -and covenants on Air the deals. includes an ability to Iron Class(in-house) 40 MATERIALSLASP Flight Certifi Grooves Aluminum 6061-T6511 Round Up To 12” Standard & Metric Sizes ADDITIONAL Stainless Steel ADDITIONAL le Iron general manager for automation software at GE Digital. “The entire 06 300-400 Series Rectangles, Squares and Plates Aluminum Available Upon Request NEW Cut to6061-T6511 Length ADDITIONAL Stainless Steel customers. MATERIALS 5-12 • 80-55-06 MATERIALS accept non-conventional sources of collateral, such as real estate and ates Depac Metal Free Anti Seize Ball Aerospace: First ever delegated supplier NEWCentrifugally Cast Tubes MATERIALS s • Tubes • Plates Aluminum 6061-T6511 generation expects that data will be available to them anytime, anyAluminum 6061-T6511 Available Upon RequestCentrifugally Cast Tubes ADDITIONAL 300 - 400 Series MATERIALS Available Upon Request outstanding invoices (h/t Forbes). Depac Metal Free Anti Seize Pre-Honed Cylinder Tubing Round Bar - Up to 12” 300 - 400 Series Available Upon Request Depac Metal Seizeof the plant. Call Today. where, even outside they need accessdevelopment, to information, Standard and Metric Sizes Cut Rectangles, To Length MATERIALS Available Upon Request on Squares and Plates The bulkFree of Anti the company’s launchIf vehicle design, Can be used at high pressures and temperatures 798Metal W 1700 SFree SLC, UT 84104 Depac Anti Seize Available Upon Request Aluminum 6061-T6511 from -60°F up to 2500°F AluminumToll-Free: 6061-T6511 they don’t want call someone; want to pull out their phone DDITIONAL ADDITIONAL manufacturing and to testing occurs on they this (800) 378-0562 798UT W 1700 S SLC, UT 84104 798 W 1700 S, SLC, 84104 Free Anti Seize DepacDepac Metal Free Round Bar UpAnti To 12”Seize RoundMetal Bar -- Up To 12” Credit unions approved 40.2 percent of campus. loan applications in August, Stainless Steel Now Introducing Our 3D Metal Printing 6 Toll-Free: (800) 378-0562 798 W 1700 S SLC, UT 84104 Local: (801) 978-0562 Rectangles, Squares and Plates Rectangles, Squares and Plates Can be used at high pressure and and see what’s going on.” Toll-Free: (800) 378-0562 NEW MATERIALS Local: ATERIALS tes Toll-Free: (800) 378-0562 (801) 978-0562 temps from -60o F up to 2500 oF a slight drop of one-tenth of a percent from July and a large drop Fax: (801) 978-0623 Centrifugally Cast Tubes Local: (801) 978-0562 Local: (801) 978-0562 Fax: (801) 978-0623 Available Upon Request 300 - 400 Series Services! In September, the Chandler facility startedinwork on2012. a new By $1.1 billion www.westernstatesmetals.com ailable Upon Request Fax: (801) 978-0623 from their all-time high of 57.9 percent March Anthony Fax: (801) 978-0623 www.westernstatesmetals.com DepacMetal MetalFree Free Anti Seize Anti Seize www.westernstatesmetals.com Depac contract for missile targets for the U.S. Department of Defense’s Missile One way to gain traction with Millennials is to provide access to tools Can be used at high pressures and temperatures 798 W 1700 S www.westernstatesmetals.com SLC, UT 84104 Can be used pressures and temperatures Noto – Reporter, New York Business Journal www.faustson.com •at high 303.420.7422 798 W 1700 S SLC, UT 84104 from -60°F up to 2500°F Aluminum 6061-T6511 Toll-Free: (800) 378-0562 from -60°F up to 2500°F DDITIONAL Defense Agency. they want to use, not simply those required to do their jobs, Wells Round Bar - Up To 12” Toll-Free: (800) 378-0562 Local: (801) 978-0562 A Z Manufacturing Rocky Mountain • 38 • Sept / Oct 2018 Rectangles, and Plates 6803 Joyce Street, Ste ASquares Arvada, CO Local: (801) A Z MANUFACTURING ATERIALS Fax: 978-0562 (801) 978-0623SW • 68 • Jan / Feb 2020 said. “Millennials want to work in organizations that are reflective of
We s t e r n S t a t e s M e t a l s
We s t e r n S t a t e s M e t a l s Tubes • Solid • Wear Plate
C-10100 OFHC C-11000 (C110 CU-ETP) C-14500 Tellurium Copper C-17200 Beryllium Copper C-18000 Copper Chromium Nickle Silicon C-18200 Chromium Copper C-10100 OFHC C-36000 Free Machining Brass C-11000 (C110 CU-ETP)
C-46400 Naval Brass C-51000 Phoshpor Bronze C-62400 Aluminum Bronze Tubes • Solid • Wear Plate C-63000 Nickle Aluminum Bronze Tubes • Solid • Wear Plate C-63020 Nickle Aluminum Bronze C-46400 Naval Brass C-10100 OFHC Phoshpor Bronze C-11000 (C110 CU-ETP) C-64200 Silicon Aluminum BronzeC-51000 C-62400 Aluminum Bronze C-14500 Tellurium Copper Tubes • Solid • Wear Plate Nickle Aluminum Bronze C-46400 Brass C-65500 Silicon Bronze C-63000 C-17200Naval Beryllium Copper C-51000 Bronze C-18000Phoshpor Copper Chromium Nickle Silicon C-63020 Nickle Aluminum Bronze C-67500 Manganese Bronze
C-64200 Silicon Aluminum Bronze C-18200Aluminum Chromium Copper C-46400 Naval Brass C-10100 OFHC C-14500 Tellurium Copper C-62400 Bronze Tubes • Solid • Wear Plate C-65500 Silicon Bronze C-51000 Phoshpor Bronze C-36000 Free Machining Brass C-11000 (C110 CU-ETP) C-63000 Nickle Aluminum Bronze C-67500 Manganese Bronze C-17200 Beryllium Copper C-62400 Aluminum Bronze C-14500 Tellurium Copper Aluminum C-46400 Naval Brass Bronze C-18000 Nickle C-63000 NickleSilicon AluminumC-63020 Bronze Nickle C-10100 OFHC C-17200 Beryllium CopperCopper Chromium C-51000Aluminum Phoshpor Bronze Bronze C-63020 Nickle AluminumC-64200 Bronze Silicon C-11000 (C110 CU-ETP) C-18000 Copper Chromium Nickle Silicon C-18200 Chromium Copper C-62400 Aluminum Bronze C-64200 Silicon AluminumCBronze C-14500 Tellurium Copper C-18200 Chromium Copper -65500 Silicon Bronze C-36000 Free Machining Brass C-63000 Nickle Aluminum Bronze C-65500 Silicon Bronze C-17200 Beryllium Copper C-36000 Free Machining Brass C-67500 Manganese Bronze C-67500 Manganese C-18000 Copper ChromiumBronze Nickle Silicon C-63020 Nickle Aluminum Bronze C-64200 Silicon Aluminum Bronze C-18200 Chromium Copper C-65500 Silicon Bronze C-86300 Mangunese Bronze C-36000 Free Machining Brass C-67500 Manganese Bronze C-89835 Lead Free Bronze C-93200 (SAE660) Bronze C-95400 Aluminum Bronze C-95510 Nickle Alumninum Bronze SAE841 Oilite C-93200 Cast Bronze SAE841 Powder Metal Bearings Custom Machined Bushings Special Oil Grooves (in-house)
C-93200 Cast Bronze SAE841 Powder Metal Bearings C-93200 Cast Bronze Custom Machined Bushings SAE841 Powder Metal Bearings Custom Machined Bushings Special Oil Grooves (in-house)
Standard and Metric Sizes Cut To Length
Gray Iron Class 40 Ductile Iron Iron Class 40 65-45-12Gray • 80-55-06 Solids • Tubes • Plates Ductile Iron
C-89835 Lead Free Bronze C-93200 (SAE660) Bronze
C-86300 Mangunese Bronze C-95400 Aluminum Bronze C-89835 Lead Free Bronze C-93200 (SAE660) Bronze C-95510 Nickle Alumninum Bronze C-95400 Aluminum Bronze SAE841 Oilite C-95510 Nickle Alumninum Bronze SAE841 Oilite 75K-100K - Induction Hardened Standard & Metric Sizes Cut to Length
75K-100K - Induction Hardened Standard & Sizes Metric Sizes Standard and Metric Cut To Length Cut to Length
75K-100K - Induction Hardened Standard & Metric Sizes Cut to Length
C-93200 Cast Bronze Special Oil Grooves (in-house) C-93200 Cast Bronze SAE841 Powder Metal Bearings Gray Iron Class 40 SAE841 Powder Metal Bearings Custom Machined BushingsDuctile Iron Custom Machined Bushings 65-45-12 • 80-55-06 Special Oil Grooves (in-house) Solids • Tubes • Plates Special Oil Grooves (in-house)
C-86300 Mangunese Bronze C-89835 Lead Free Bronze C-86300 Mangunese Bronze C-89835 Lead FreeBronze Bronze C-93200 (SAE660) (SAE660) Bronze C-95400 C-93200 Aluminum Bronze C-95400 Aluminum Bronze C-95510 Nickle C-95510 Alumninum Nickle AlumninumBronze Bronze SAE841Oilite Oilite SAE841 C-86300 Mangunese Bronze
75K-100K - Induction Hardened 75K-100K - Induction Hardened Standard & Metric Sizes Cut to Length Standard & Metric Sizes
Cut to Length 300 - 400 Series
Standard and Metric Sizes Cut To Length
Standard and Metric Sizes Cut To Length
Gray Iron Class 40
Round Bar - Up To 12”
Standard and Metric Sizes Cut To Length Rectangles, Squares and Plates
65-45-12 • 80-55-06 Ductile Iron 65-45-12 • 80-55-06 Gray Iron Class 40 Solids • Tubes • Plates Solids • Tubes • Plates
300 - 400 Series
Ductile Iron 65-45-12 • 80-55-06 Solids • Tubes • Plates
300 - 400 Series
300 - 400 Series
Round Bar - Up To 12” 798 W 1700 S SLC, UT 84104
Can be used at high pressures and temperatures from -60°F up to 2500°F
Rectangles, Squares and Plates
Toll-Free: (800) 378-0562
300 - 400 Series
Local: (801) 978-0562
Round Bar - Up To 12” Rectangles, Squares and Plates
Fax: (801) 978-0623
www.westernstatesmetals.com Can be used at high pressures and temperatures from -60°F up to 2500°F
798 W 1700 S SLC, UT 84104 Toll-Free: (800) 378-0562 Local: (801) 978-0562 Fax: (801) 978-0623
798 W 1700 S SLC, UT 84104 Toll-Free: (800) 378-0562
Round Bar - Up To 12” Rectangles, Squares and Plates Round Bar - Up To 12”
Can be used atRectangles, high pressures and temperatures Squares and Plates from -60°F up to 2500°F
www.westernstatesmetals.com Local: (801) 978-0562
Fax: (801) 978-0623
www.westernstatesmetals.com
Can be used at high pressures and temperatures from -60°F up to 2500°F
Can be used at high pressures and temperatures from -60°F up to 2500°F
2
2
Fax: (801)www.westernstatesmetals.com 978-0623
ailable Upon Request A Zwww.westernstatesmetals.com Manufacturing Rocky Mountain • 34 • Sept / Oct 2
2016