Economic Influence Subject of MEMA ‘Landmark’ Study

(Akron/Tire Review) Motor & Equipment Manufacturers Association (MEMA) has undertaken what it calls “a landmark study” to document the economic influence of automotive and heavy-duty suppliers.

The study, which is scheduled to be completed in November, will analyze the economic contribution of suppliers to the nation’s economy and will provide data on both a national level and state-by-state breakdown, MEMA said.

“The data will result in valuable statistics such as direct and intermediate employment; value of goods shipped; value of goods and services purchased; the percentage of sales suppliers dedicate to engineering, research and development; federal, state and local taxes generated from automotive suppliers; and total compensation for both direct and intermediate employment,” the association said in a statement.

“It’s time for automotive and truck product manufacturers to step out of the shadows,” said Bob McKenna, president and CEO of MEMA. “We know that we are a major force in the nation’s largest manufacturing industry, but now it is time to tell the rest of the world our story.”