The Automotive Industry Fuels Michigan’s Manufacturing Economy

Posted on November 14th, 2017
Michigan manufacturing

Manufacturing is in Michigan’s DNA. Michigan consistently takes 1st or 2nd place among states countrywide with the number of manufacturing jobs created each year. It contributed approximately $2.18 trillion to the nation’s economy in 2016 and 19% of the state GDP comes from the manufacturing sector, which makes Michigan the sixth biggest manufacturing state in the country. Since 2010, Michigan reports a tremendous growth of 24.49% each year in manufactured goods exports.  In 2016, about $52.05 billion in goods were shipped from Michigan. The automotive industry is the fuel that ignites Michigan’s manufacturing economy. It generates an enormous $36,953 million revenue. Furthermore, this industry provides employment opportunities to 20% of the state’s population. Let’s look at 2 of the big automotive manufacturing companies in detail. Ford Motor Co. In 2016, the company generated $151.8 billion in revenue while Ford’s global…

Manufacturing, Tech, and Agriculture Push Washington’s Economy

Posted on November 1st, 2017
washington manufacturing

According to Forbes Magazine, Washington is the ninth best state for business in America. With a GDP growth of 2.9 percent and Human Development Indicator of 5.40, Washington ranks as the thirteenth rapidly developing state in America. Quality of life, a robust supply chain, centralized export hub, and low-cost of energy make Washington one of the most preferred choices of businesses. Manufacturing companies like Boeing, Microsoft, SpaceX, significantly contribute to Washington’s economic growth. Providing shelter to more than 250,000 businesses, Washington has a diverse economy. Aerospace Industry Aerospace and aircraft manufacturing provides job opportunities to about 19% of the population, which calculates to about 136,100 jobs. This sector generates revenue worth more than approximately $70 million, making it the top manufacturing sector. More than 90% of all commercial aircraft in America are manufactured in Washington. Boeing’s 737 MAX, 777X, and the…