A landmark study “Pennsylvania’s True Commonwealth: State of Manufacturing – Challenges and Opportunities” shows that although manufacturing has faced challenges in recent years, it’s still Pennsylvania’s number one economic engine in terms of gross state product (GSP). It’s also the fourth largest provider of jobs – with a family-sustaining average yearly salary of $52,204.The study was led by one of the nation’s foremost thought leaders on manufacturing, Dr. Edward W. Hill. Dr. Hill and his research team. The study examined the past three years of the manufacturing industry, data collected by the Industrial Resource Centers, state offices and as well as results from focus groups with 70 manufacturing CEOs.
Other key “State of Manufacturing” key findings outlined include:
- Manufacturing has an impact on the entire state, but has more of an effect on economies in rural counties: accounting for 23 percent of GSP and 16 percent of all employment in 2008.
- Productivity (gross state product per employee) in 2008 was $27,000 higher for Pennsylvania manufacturers than for non-manufacturers. The gap may be explained by improved capital and management practices among manufacturing companies.
- More than 60 percent of the patents issued from 2001 through 2010 to Pennsylvania companies and universities went to manufacturing companies.
We want to share this in-depth research and looking forward to continuing dialogue about advancing manufacturing in Pennsylvania. All data is available at www.pamade.org.
Report Highlights in 4 pages including graphs
Executive Summary
