LYNN – The Chamber of Commerce is hoping to bring precision manufacturing to the city of Lynn.
It proposes to build a precision manufacturing facility that would attract vocational students, primarily from Lynn Tech, and produce a number of parts and components to be distributed throughout the region.
Precision manufacturing and engineering focus on the design and development of highly accurate components. The process involves forming material into an extremely precise shape so that it meets certain standards or expectations.
“There’s a tremendous opportunity for the development of these small businesses in these precision manufacturing fields,” said Executive Director of the Lynn Chamber of Commerce Collin Codner.
Codner cited supply chain issues when explaining that precision manufacturing plants can help small businesses and developers obtain the highest quality components needed for their operations.
“You start talking with developers, and the biggest issue they have is supply chain,” he said. “They’re looking at building a building, and not looking at which is the most efficient model, which is the most cost effective model, they’re looking at what products are available that we can build this with.”
The chamber’s vision is also focused on helping vocational students start their careers in precision manufacturing. With many graduates not able to afford the necessary machines used in the field, Codner said that the goal is to help students begin their own small businesses.
“In order for a student who graduated from the precision manufacturing program at Lynn Tech to start a business, they need to buy a million dollar machine. Guess how many of those are starting businesses? He said. “So the idea is, where is the ability to make these spaces available for use? Be able to get resources on a cost effective, per use basis, so people can start making and creating these small businesses at an early stage entrepreneurial level without getting the capital backing that’s necessary to purchase this capital equipment.”
Codner said that while global or national-scale manufacturers can purchase or build large-scale factories, having a smaller plant in Lynn will attract start up businesses to “utilize the human capital talent” that is developing in the city. The aim is to benefit both the city and the vocational students in the industry.
“The chamber is just very interested in the community exploring these opportunities,” Codner said.
