47G, in partnership with iMpact Utah, announces the launch of the 47G Impact Center. The Impact Center is a joint venture between the two organizations that will drive transformative change in Utah’s aerospace and defense industry
Salt Lake City, Utah
47G, in partnership with iMpact Utah, announced today the launch of the 47G Impact Center. The Impact Center is a joint venture between the two organizations that will drive transformative change in Utah’s aerospace and defense industry. It will provide a comprehensive suite of tailored solutions to companies seeking to improve their manufacturing processes, optimize operational efficiencies and enhance profitability. With Utah’s aerospace and defense industry representing 20% of the state economy, the Impact Center’s work to support a thriving ecosystem will directly benefit Utahns through high-quality job creation and economic opportunity.
“Our small and mid-market companies are the lifeblood of Utah’s economy. This announcement marks the beginning of a statewide effort that will benefit Utahns for decades to come,” said Aaron Starks, 47G president and CEO. “In an era where innovation, entrepreneurship and pace has never been more important to our manufacturers, the 47G Impact Center will ensure Utah companies compete effectively on the global stage.”
The Impact Center will empower businesses to excel in today’s competitive market through expert guidance, cutting-edge training and vital resources that address critical needs such as executive leadership, operations, workforce management, regulatory compliance, automation, sales, marketing and cybersecurity. The tiered offerings are customized to meet the unique needs of individual companies while incorporating industry best practices and proven methodologies that are guaranteed to make an impact. 47G members will receive premier training and resources at a fraction of the cost.
To oversee the Impact Center, 47G has hired industry veteran Matthew Croshaw as its executive director. Croshaw possesses decades of experience as an organizational development, change management, process optimization and employee engagement expert. For nearly two decades, Croshaw led organizational effectiveness efforts at Parker Hannifan, a Fortune 250 global leader in motion and control technologies. Most recently, Croshaw oversaw organizational development as a senior executive at Malouf Companies, a Utah-based network of home, lifestyle and logistics companies.
“Throughout my career, I have had the privilege of helping companies around the world stay at the forefront of transformations that redefine what is possible in manufacturing. The 47G Impact Center will catalyze change through proprietary offerings that take our companies to the next level,” said Croshaw. “Our processes are built by industry experts who possess life-long experience driving innovation, enhancing profitability and accelerating growth. In close collaboration with our partners, we will support our thriving ecosystem by guiding companies into new markets, delivering targeted services and enhancing their competitive advantage.”
As executive director, Croshaw will be tasked with overseeing the Impact Center operations and finances, reporting directly to a steering committee composed of representatives from 47G and iMpact Utah. He will leverage iMpact Utah’s interdisciplinary team of experts to ensure the Impact Center’s customized suite of offerings are guaranteed to meet the unique needs of every 47G member.
Like all entities in the Utah Manufacturing Extension Partnership (Utah-MEP), the Impact Center will regularly report their results to ensure accountability and showcase measurable progress in helping companies increase sales, reduce costs and create jobs. Since its founding in 1994, iMpact Utah has helped manufacturing businesses achieve astounding success as evidenced by the following numbers:
● $1.97 billion in increased and retained sales
● $626 million in new investments
● $354 million in cost savings
● 40,676 jobs created & retained
“We deliver real results by providing actionable information and critical tools that help our member companies succeed. As manufacturing experts, we have been where these companies are, and we respect the journey,” said Win Jeanfreau, iMpact Utah executive director. “47G is a vehicle for change and through our partnership, iMpact Utah will be the engine that fuels the transformation.”
For more information about 47G, see TechBuzz News' coverage of its kickoff event in October 2023.