1 Has a jobs multiplier of 10 â one of the highest of any industry 9. 2  Accounts for 7.7 percent of the private manufacturing R&D expenditures in America 10. 3  There is a greater emphasis on âsoft skills.â Production line workers are expected to be problem solvers, with the ability to work in collaborative settings.
Nonprofit Versus For-Profit. The purposes for establishing and maintaining nonprofit organizations and for-profit businesses differ significantly. The main purpose of a for-profit company is to produce income above and beyond expenses; the products or services provided by the company are a means to that end.
A 501(c)(3), or non-profit, is an IRS approved organization that has a charitable, religious, public safety, or educational purpose. The benefit of qualifying as a nonprofit is that the organization does not have to pay taxes on the money it receives and donors to a 501(c)(3) can deduct the amount of their gifts from their taxable income.