According to a report by Ball State University’s Center for Business and Economic Research, Ohio is one of only two states in the country to earn an A in manufacturing and logistics. And the Center predicts manufacturing to hit all-time highs in 2011 and 2012.
The university’s annual Manufacturing and Logistics Report Card determines ratings are based on total income earned by manufacturing employees by state, wage premiums received by manufacturing employees compared to other states and the per capita share of manufacturing employment.
Ohio is seen as a state with industry expertise, a business-friendly climate, well-educated workforce and a strong supply chain, the report said. The Ohio Manufacturers’ Association notes manufacturing is the largest of 20 sectors of Ohio’s economy, and manufacturing leads Ohio’s private sector in job creation. More than half of Ohio’s manufacturing jobs are in high demand industries such as transportation equipment, plastics, rubber and food.
Ohio’s administration, led by Governor John Kasich, has also been working to make Ohio a more business-friendly state by removing barriers to establishing and doing business in Ohio. Over the next few years, look for more barriers to doing business in Ohio to be removed through the administration’s efforts.
Ohio is also attractive to manufacturing companies due to its extensive logistics network, which combines 180 public airports, eight interstate highways, 36 freight railroads and 25 waterfront ports, the OMA noted. The state is within 600 miles of 60 percent of the US and Canadian population and within one day’s drive of 70 percent of North America’s manufacturing capacity.
Indiana is the only other state to earn an A in both manufacturing and logistics in the university’s report. For more complete information, please visit http://www.mfrtech.com/articles/15539.html.