Guadagno touts corporate welfare benefits for German corporation

NJTODAY.NET's online business directory

STATE — Lt. Gov. Kim Guadagno and  state Labor Commissioner Harold J. Wirths visited TRUMPF Photonics in Cranbury on Monday to spotlight government incentives for manufacturing in the Garden State.

“New Jersey has always taken pride in its highly skilled and well-educated workforce, and New Jersey’s workforce training grants give our companies and their employees an edge through specialized training,” said Guadagno.  “New Jersey’s companies recognize that capable employees make a strong business. TRUMPF Photonics carries on that history of excellence through its emphasis on employee support and efficient, high-quality production.”

Acting Governor during another one of Gov. Chris Christie’s out-of-state forays, Guadagno hosted a manufacturing roundtable in Trenton on July 31, offering manufacturers from throughout New Jersey an opportunity to speak directly with policymakers, including State Treasurer Andrew P. Sidamon-Eristoff, Secretary of Higher Education Rochelle Hendricks, Department of Environmental Protection Deputy Commissioner Michele Siekerka, Department of Labor and Workforce Development Deputy Commissioner Aaron Fichtner, PhD. and representatives from the State’s Partnership for Action.  The discussion was hosted by New Jersey Manufacturers Insurance Company.

Monday’s visit underscores TRUMPF Photonics’ success in using workforce training grants.  The company trained 134 employees for Six Sigma Process Improvement using a Skills4Jersey training grant through the Department of Labor and Workforce Development.  TRUMPF also received a Customized Training Grant in Fiscal Year 2012.

The Christie administration has made dramatic increases in corporate welfare while refusing to support more effective policies toward job creation, according to New Jersey Policy Perspective,  a nonpartisan research organization, and the political action group New Jersey Working Families Alliance.

“Our employees are an important component of our success,” said Dr. Georg Treusch, Managing Director of TRUMPF Photonics, Inc.  “We are committed to investing in their education, professional knowledge base, and health so that they can grow professionally, culturally, and socially.  Our long-term commitment to our employees is part of TRUMPF’s tradition as a family-owned business.”

TRUMPF Photonics is a North American subsidiary of a global sheet metal fabrication machinery and industrial laser company based near Stuttgart, Germany, the TRUMPF Group, which was founded in 1923.

With more than 600 employees, the New Jersey subsidiary is the largest within the TRUMPF Group and is one of the largest manufacturers of fabricating machinery in the United States.

“TRUMPF represents the advanced manufacturing operations in New Jersey that are becoming increasingly important to the growth of the Garden State economy,” said Wirths. “This industry sector is requiring more and more skilled employees, and paying higher salaries as a result, which is why we launched the New Jersey Manufacturing Training Initiative with the New Jersey Community College Consortium and New Jersey Business and Industry Association to train more people for careers in advanced manufacturing.”

Strategically located in the center of the Eastern Seaboard, New Jersey is an ideal location for manufacturing. With an annual average of more than 9,000 manufacturers, New Jersey is ranked 12th for manufacturing among US states.  Manufacturing contributed more than $41.6 billion to the state’s $509 billion Gross Domestic Product in 2013 and accounts for 89.9 percent of New Jersey’s exports.In 2013, more than $18 million was awarded through the Skills4Jersey grant program. Businesses looking for more information on workforce training grants and other incentives offered through the State are encouraged to call New Jersey’s Business Action Center at (866) 534-7789 or visit the State’s Business Portal at www.newjerseybusiness.gov.


Lt. Gov. Kim Guadagno and Department of Labor and Workforce Development Commissioner Harold J. Wirths visit TRUMPF Photonics in Cranbury to highlight New Jersey’s
manufacturing business community.

 


Connect with NJTODAY.NET


Join NJTODAY.NET's free Email List to receive occasional updates delivered right to your email address!
Email ads@njtoday.net for advertising information Send stuff to NJTODAY.NET Like Us On Facebook Follow Us On Twitter Download this week's issue of NJTODAY.NET

Leave a Reply