blog updates

Follow KSM
Search

KSM blog

KSM Blog | Katz, Sapper & Miller CPA

U.S. Department of Commerce: Indiana Boasts a Strong Manufacturing Concentration

Posted 8:40 PM by

The U.S. Department of Commerce recently released a new study titled The Geographic Concentration of Manufacturing Across the United States, which presented some interesting information on U.S. manufacturing and Indiana’s role in the industry. Manufacturing has a strong influence on the overall U.S. economy, with 25% of GDP growth from 2009 to 2011 coming from the manufacturing sector. However, this is the first study that the Commerce Department has done on the geographic nature of the manufacturing industry. The findings reveal:

  • In 2010, 629 counties (the U.S. has a total of 3,145) reported that 20% of total earnings came from the manufacturing sector.
    • Indiana ranked highest with 22.3% of the state’s earnings coming from the manufacturing sector (national average was 9.9%).
    • Indiana had the most counties included in the figure above (50 counties).
    • The study found that of the 629 counties noted above, 68% of them were located in rural or micropolitan areas.
  • In 181 counties, 20% of all jobs in the county were manufacturing jobs.
    • Indiana had the highest percentage of its employment in the manufacturing industry, with 13.1% of employment relating to manufacturing jobs (national average was 7.0%).
    • Indiana had 26 counties that fell into this category.
    • Approximately 80% of these counties were located in rural or micropolitan areas.

About the Author
Justin Hayes is a director in Katz, Sapper & Miller’s Audit and Assurance Services Group. Justin works with clients to help ensure accurate financial reporting, keeping an eye on their bottom line, helping them avoid risk and maximize efficiencies. Connect with him on LinkedIn.

link
Comments (1)
Americanfreight wrote
Well. you have share best information about Indiana Boasts.

Thanks for sharing such a great information.

www.americanfreightways.net
Posted Feb 8 2013 4:49 AM
Post a Comment
Name:
Email: (Not Displayed)
Website: (optional)
Comment (HTML tags will be stripped):
Please type the alpha-numeric code above (case sensitive):
Error