UBM Medical, Medical Alley Association Partner on MD&M Minneapolis
August 30, 2016
UBM Advanced Manufacturing Group and the Medical Alley Association have signed on to continue their partnership at Medical Design & Manufacturing (MD&M) Minneapolis.
The event takes place Sept. 21-22 at the Minneapolis Convention Center and is collocated with five UBM Advanced Manufacturing events: Embedded Systems Conference (ESC) Minneapolis, Automation Technology Expo (ATX) Minneapolis, MinnPack, PLASTEC Minneapolis, and Design & Manufacturing Minneapolis.
MD&M Minneapolis has showcased medtech innovation in the Midwest for more than 20 yearsand brings more than 600 suppliers and 5,000 industry professionals under one roof.
"The partnership between UBM Advanced Manufacturing Group and the Medical Alley Association benefits the medtech community as a whole with a conference program that focuses on new content designed to drive innovation in the industry,” said Stephen Corrick, senior vice president of the Advanced Manufacturing Portfolio, UBM Americas.
He added, “Based in one of the most prominent medtech hubs in the world, the MD&M Minneapolis Conference covers the latest trends in medical design and manufacturing. We are excited to deliver a highly educational conference for an industry that's always on the cusp of new healthcare discoveries.”
The partnership between UBM Advanced Manufacturing Group and MAA has brought together a two-day, three-track conference, covering topics such as, emerging medical trends and structural heart innovations in addition to prevention and detection in cybersecurity.
Minnesota's Medical Alley region has proven to have a global footprint, but at the local level, it is a community that is continuously outperforming itself, according to show organizers.
According to Medical Alley Association's Q2 2016 Investment Report: "Investment in health technology is up 75 percent over the last four years with $227Mhaving been invested in the first half of 2016 alone." The last three years have seen $300M+ investment dollars directed to medical device companies as well as additional dollars funding a more diverse investment portfolio across all health technology sectors.*
"Health technology leaders know Medical Alley as the driver of the evolution of healthcare and manufacturing. We're proud to partner with MD&M and the UBM Advanced Manufacturing Group to further advance this world-class conference and bring the world's medical technology innovators to Medical Alley," said Shaye Mandle, president and CEO of the Medical Alley Association.
The Medical Alley Association champions and facilitates an environment that enables health technology and care organizations to innovate, succeed and influence the evolution of healthcare.
The association is a state-based member organization that works to promote Minnesota's Medical Alley by influencing policy at the state and federal levels.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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