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We should attract more manufacturing investments to California - 1.5% is not enoughPosted by Gino DiCaro, VP, Communications on May 20, 2016
In 2015, according to new data on U.S. manufacturing investments, the country’s south and midwest regions gained the most manufacturing investments. California was dead last among the 50 states with 1.07 manufacturing investments for every one million people, equating to only 1.5 percent of total investments.
Sadly, this is the continuation of a trend. Since the recession ended in 2010, each year California has failed to attract more than two percent of the country’s new manufacturing facilities. Manufacturing employment has also lagged the US, with a 3.3 percent growth in California compared to 7.3 percent nationally.
If California kept pace with the national manufacturing job growth rate, we would have 50,000 more high paying manufacturing jobs today.
Kentucky has been the country’s manufacturing leader for the last two years. In 2015 they enjoyed:
“These disappointing numbers should be a wake-up call to state leaders. Manufacturing investments support modernization, new product development, job retention and job growth that we need,” said CMTA’s Dorothy Rothrock. “We should find ways to improve the manufacturing business climate and attract our fair share of investments.”
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