News

Building Prosperity: The Future of Manufacturing

Posted on Jun 24, 2014

Building Prosperity
With the recent celebration of both the SGL Automotive Carbon Fibers and AstaReal manufacturing facilities, the EDC has put together some quick facts on the manufacturing industry. Manufacturing is a targeted sector of the Building Prosperity Strategic Plan and manufacturing is more than just good jobs.  

In the United States manufacturing accounts for:

  • 9% of all jobs
  • 13% of total GDP
  • 60% of all exports
  • 70% of all research and development investment  
In Grant County, manufacturing accounts for:
  • 12.3% of all jobs
  • 17.6% of all wages earned  
According to the National Association of Manufacturers, for every dollar spent in manufacturing, another $1.32 is added to the economy, the highest multiplier effect of any economic sector. Locally, for every two jobs created directly in manufacturing another indirect job will be created elsewhere in the economy.  

The EDC is specifically focusing on growing employment in the following manufacturing sectors: aerospace, agribusiness, chemicals, and composites. As employment grows in these sectors we will see continued growth in other industries such as healthcare, retail & wholesale, services, transportation, and education.