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…

Manufacturing Innovation in Minnesota Go Hand in Hand

Posted on October 20th, 2017
Minnesota manufacturing

The manufacturing industry in Minnesota is incredibly important to the overall state economy. Driven by technology, engineers and innovators work hard in Minnesota to invent products that make the state, and the world, a better place. Minnesota boasts an HDI of 5.89, making it the 7th best state to live and work. Unemployment rates are as low as just 3.7%, while high school graduation rates sit above 78%. College attendance rates are also quite promising. According to Forbes Magazine, Minnesota is the 15th best state for doing business. Agriculture Industry Minnesota is the 4th largest state in agricultural exports. According to the Minnesota Department of Employment and Economic Development, the food production industry earns about  $19 Billion annually in revenues. Crops and livestock contribute almost equally to the economy, with crops bringing in $10 Billion and livestock around $9 Billion….