Michigan’s manufacturing sector has bounced back beyond expectations.
While presented with numerous challenges during the economic downturn, our state’s
resilient manufacturers used innovation to overcome difficulties and lead the
way to recovery.
In 2009,
manufacturers in Michigan accounted for nearly 16 percent of the state’s total
output. The sector employed 12.3 percent of Michigan’s workforce and
manufacturing compensation was 74.5 percent higher than other nonfarm employees
in the state. Total manufacturing output was $58.2 billion with the motor
vehicle sector accounting for $21.6 billion.
After losing 47 percent of its manufacturing workforce between 2000 and
2010 due to economic factors, Michigan’s manufacturers are once again on the
path to success. In 2011, the sector gained 26,300 manufacturing
jobs. This impressive growth figure is almost 12 percent of all new
manufacturing jobs nationwide. By the
end of 2010,
manufacturing accounted for 94 percent of Michigan’s exports.
Our industry has also made a positive impact on Michigan’s overall
state economy. In 2011, Michigan’s economy
experienced 2.3% growth, the 6th highest percentage growth rate in
the nation. NewsWeek named Michigan as the number one Best
State for Job Growth, with 32% of employers expanding their workforces.
As the nation continues to recover, Michigan’s outlook for
manufacturing looks strong. 84 percent of Michigan
manufacturers say they anticipate hiring additional workers in 2012. Michigan’s
manufacturers also reported that they are more likely to remain in Michigan and
expand their businesses in state as opposed to relocating.
It is clear that Michigan manufacturers are resilient, strong and a cut
above the rest. If you are one of the great manufacturers in our state, we encourage
you to join the Proud to Manufacture in Michigan Program
at no cost. For more information about how MMTC can help you become more
innovative and competitive, click
here to find out more about our services.
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