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.