Ohio is among the top 10 states in the country in reliance on the manufacturing industry for its economy.
An analysis from The Business Journals On Numbers of new federal data indicates that 16.74 percent of Ohio’s gross state product (GSP) is generated by manufacturing. That adds up to $79.9 billion annually for Ohio, out of a total state GSP of $477.7 billion, and ranking it 10th in the nation based on the percentage. Ohio was fifth in the nation for total size of manufacturing in dollars.
Indiana ranked the highest on the percent-basis, with 27.2 percent of its gross state product (GSP) generated by manufacturing. However it's manufacturing industry is smaller than Ohio's, coming in at $74.9 billion annually out of Indian's total GSP of $275.6 billion.
Oregon and North Carolina rounded out the top three states on a percent basis, but North Carolina was the only state in the top 10 that had a higher dollar amount invested in the manufacturing industry, with $81.9 billion.
Click here to read the entire article:
Latest from Aerospace Manufacturing and Design
- Muratec USA announces strategic Mid-Atlantic partnership with Alta Enterprises
- Blue laser scanner for CMMs
- Archer reveals plans for Miami air taxi network
- Threading tool, gage lines expanded
- #55 Lunch + Learn Podcast with KINEXON
- Boeing to build 96 AH-64E Apache helicopters for Poland
- SIDEKICK automation solution
- Ohio awards $10.2M for new defense, aerospace, tech R&D statewide