related industries

Growing Florida’s Manufacturing Sector

11.04.2011

Achieving a robust business and industry community is a long-known key to growing and maintaining an overall vibrant economy. In no business or industrial sector is that more true than Florida’s manufacturing sector.

Florida has about 310,000 manufacturing jobs; and the sector creates an impressive three indirect jobs for each -- the highest indirect job creator of any employment sector. Average wages are over $63,000, versus a general workforce average of $41,000. Manufacturers perform half of all research and development in the U.S., driving more innovation than any other sector. Yet, Florida is last among the southeastern states in terms of “Manufacturing Gross State Product Output”:

   Percent   Dollars (billions)
 Florida 5.0%  $36.7
 Alabama  15.9%  $27
 Georgia  10.4%  $41.1
 Mississippi  17.2%  $16.3
 North Carolina  18.3%  $72.9
 South Carolina  15.3%  $24.2
 Texas  12.9%  $146.8

Those economic dynamics and opportunities are convincing, leading Governor Rick Scott and key legislators to begin a focus on the sector as a key means to the state's economic recovery. The 2012 Florida Legislature currently is poised to consider legislation that will encourage growth in manufacturing output and jobs, capital investment and tax incentives - so the work anticipated by the AIF Manufacturers Council is timely. 

 

 Top 10 Florida Manufacturing Sectors1

 

 Computer and electronic products   $6.957
 Food products  $4.894
 Miscellaneous manufacturing  $4.114
 Aerospace and other misc. transportation  $3.846
 Fabricated metal products  $2.577
 Chemicals     $2.402
 Machinery  $2.2187
 Nonmetallic mineral products  $2.089
 Paper products  $1.335
 Plastics, rubber products  $1.006

 12009 Gross State Product, billions.
Accounting for 86% of Florida manufacturing output.          

 

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