The rebound in manufacturing since the Great Recession began in 2009 has been incredible, and it has helped to spur on our country’s economic recovery. Throughout the United States, some states are more involved in the manufacturing sector than others. Here in Ohio, we are one of the top five states in the country in regards to manufacturing, meaning our state is one of the leaders in the economic recovery of our country. Here are ten facts you should know about manufacturing in Ohio:
- In 2013, Ohio had a manufacturing output of $99.83 billion of goods, the fourth-largest output in the nation. Ohio has been in the top five by manufacturing output every year since 2008.
- This output accounts for 17.66% of the total gross state output.
- If Ohio’s manufacturing sector was its own country, it would rank 64th in the world, with a greater output than countries like Belarus, Sri Lanka, and many more.
- Manufacturing employed over 682,600 people in 2014, the third most of any state.
- Since 2009, Ohio has added over 68,000 new manufacturing jobs.
- Manufacturing jobs in Ohio pay well – while the average annual compensation for all non-farm employment was $46,654 annually in 2014, for manufacturing, the average compensation was $69,951.
- Ohio is home to numerous large manufacturing companies – Procter & Gamble, Marathon Petroleum, Sherwin-William, AK Steel, Goodyear Tire & Rubber, and Crown Equipment are just a few that have headquarters in the state.
- All together, including us here at Universal Polymer, there were 13,045 manufacturing firms in Ohio as of 2012.
- Ohio’s top manufacturing industries are transportation equipment, fabricated metal products, machinery, food and manufacturing, and plastics and rubber products, in that order.
- From 2009 through 2013, Ohio ranked either first or second every year in regards to manufacturing growth of sites that created 50 jobs, had 20,000 square feet or more of manufacturing space, or had over $1 million in investments.
As you can see, Ohio is an extremely successful and important state when it comes to manufacturing, and at Universal Polymer and Rubber, we are extremely proud to be part of it. We look forward to Ohio continuing to be a national powerhouse in the manufacturing sector. If you want to know more about Ohio manufacturing or you are interested in being part of it through a career in manufacturing, get in touch with us or The Ohio Manufacturers’ Association at www.ohiomfg.com.