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Dayton Business Journal...
Ohio among Top 10 manufacturing states
by DBJ Staff
Monday, July 18, 2011
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 for the full national story and online database on all 50 states from On Numbers.
In Ohio, the Dayton region relies heavily on the manufacturing sector.
Manufacturing represents 100,000 employees in the 12-county region
surrounding Dayton and contributes $4.7 billion in annual payroll and
$32 billion in annual sales, according to a Wright State University
study commissioned by the Dayton Tooling and Manufacturing Association .
And some large manufacturers have been expanding in the region
recently. Caterpillar Inc. is building a new facility in the region
that will have 500 new jobs, while General Electric is expanding its
research locally with a new $51 million facility that will work closely
with its GE Aviation operations locally that have 300 jobs. Honda Motor
Co. is expanding as well, adding jobs to its Anna engine plant that has
2,400 workers.
In fact, the largest company based in the Dayton region is West
Chester’s AK Steel Holding , which has nearly $6 billion in sales and
6,400 total employees. Three of the top four largest companies locally
are manufacturers.
Having such a heavy reliance on manufacturing has been a problem for
the region as well. When General Motors closed its SUV assembly plant
in Moraine at the end of 2008 it cost the region a facility that had
employed more than 5,000 people at one point. Likewise, while Navistar
International Corp. employed more than 5,000 workers at its truck
assembly plant in Springfield at one time, but now has fewer than 1,000
people there.
That has led to Ohio and the Dayton region have an average unemployment
rate well above the national average for much of the past three years
as the recession took a heavy toll on the region and the automotive
industry in particular. Dayton and Ohio had a jobless rate well over 10
percent until just recently.
Read it at the Dayton Business Journal
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