2018 Manufacturing & Logistics Report Card for the United States
From Conexus Indiana, Ball State University
The 2018 Manufacturing & Logistics Report Card shows how each state ranks among its peers in several categories that are of particular interest to site selection experts for the manufacturing and logistics industries.
Manufacturing Industry Health
The production of goods holds particular interest in the US economy. Manufacturing firms are not necessarily reliant on local demand for goods and are therefore footloose. Their location depends more on local factors such as the quality and availability of the labor force, transportation infrastructure, non-wage labor costs, access to innovative technologies, and the cost of doing business. Manufacturing is the production of both consumer durable goods (e.g. automobiles, electronics, and home appliances that last for years) and consumer non-durable goods (e.g. clothing, processed foods, and other goods that are consumed after use). To measure manufacturing industry health, we include three variables: the share of total income earned by manufacturing employees in each state, the wage premium paid to manufacturing workers relative to the other states’ employees, and the share of manufacturing employment per capita.
Sources: US Bureau of the Census and Bureau of Economic Analysis.
About the Grades
The categories in this report were chosen as those most likely to be considered by site selection experts for manufacturing and logistics firms, and by the prevailing research on economic growth. Each category included multiple variables for each state that were aggregated and then ranked 1st through 50th, with 1st being the most desirable. Within each category, the lowest aggregate score assigned provided the overall rank. Grades were assigned A through F using a normal distribution of grades commonly known as a bell curve. Plus and minus scores were not assigned to A or F grades.
read … Full Report
Hawaii 2017 to 2018
- F > F -- Manufacturing Industry Health 2017 to 2018
- F > F -- Logistics Industry Health 2017 to 2018
- C > C -- Human Capital 2017 to 2018
- C- > D -- Worker Benefit Costs 2017 to 2018
- B- > C+ -- Tax Climate 2017 to 2018
- D- > D -- Expected Fiscal Liability Gap 2017 to 2018
- F > F -- Global Reach 2017 to 2018
- D > D -- Sector Diversification 2017 to 2018
- F > F -- Productivity and Innovation 2017 to 2018
Related:
|