Growing Florida’s Manufacturing Industry
Did you know manufacturing contributes more than $40 billion to Florida’s economy?
In fact, manufacturing jobs are estimated to grow by four percent by 2021 and for every 10 jobs created in Florida’s export-oriented manufacturing, 12 more jobs are created in transportation, warehousing and retail. Florida has more than 360,000 manufacturing employees earning, on average, more than $54,000 annually, which is higher than the state’s average wage.
The impact of manufacturing on Florida’s global economy is significant. Growing Florida’s manufacturing industry is essential, especially as Florida continues to be a global hub for trade. Florida’s manufacturing industry provides more than 92 percent of Florida exports and creates private-sector jobs while diversifying Florida’s economy.
Florida’s Competitiveness Agenda
The impact that the manufacturing industry has on Florida is undeniable. In order to help continue growing Florida’s manufacturing industry, the Florida Chamber will continue to champion efforts that support Florida’s manufacturing industry. The Florida Chamber is committed to following the recommendations in the Trade and Logistics 2.0 Report, which seeks to create 150,000 new jobs in industries like trade, logistics, manufacturing and exporting.
As Florida’s economy moves toward innovation and high wage, high-value jobs in emerging industries, we must have the workforce ready to fill these new positions. With 265,200 jobs looking for people and 369,000 people looking for jobs, the problem isn’t workforce quantity, it’s workforce quality. A strong pool of globally competitive employees will be a powerful lure for businesses who hope to prosper in our state. Together we can ensure Florida remains a leader in producing a talented workforce for every industry.
The Fight for Free Enterprise Continues
Florida continues to move in the right direction by growing private-sector jobs, expanding new industries and strengthening international trade and logistics relationships. But our work is far from over. The Florida Chamber believes a globally competitive business climate helps businesses and families succeed. But in order to become the number one state in the nation for innovation and economic development, we must continue to attract and retain high-skill talent, target growing industries and continue to work toward the recommendations set forth in the Florida Chamber Foundation’s most recent Trade and Logistics Report.
Florida Manufacturing Grows Faster than the Nation – But is Our Region Ready for the Future?
Author: Kevin Carr, CEO, FloridaMakes
Submitted to: Orlando Sentinel
According to the Florida Chamber Foundation, Florida’s manufacturing continues to grow at a rate faster than the U.S. In a recent Forbes Article, the Orlando, Miami, and West Palm regions are ranked 1, 4, & 5 in top regions where manufacturing is thriving in our country.
The Central Florida region exemplifies how impactful the convergence of industry, business, and talent is for economic development. An article in Chief Executive Magazine stated the Orlando area is the “nation’s foremost hub for optics technology and advanced manufacturing”.
With more than 21,500 manufacturing businesses and more than 375,000 manufacturing jobs in Florida, we must look to the future and continue to accelerate growth between now and 2030. The development of a current and future talent base, the adoption and application of advanced manufacturing technologies, and an increase in our share of the domestic and international market for manufactured goods will translate to a more resilient and robust manufacturing economy in Florida.
FloridaMakes focuses on engaging and applying manufacturing assets throughout Florida- from industry, academia, and the public sector- to accelerate access to the right resources for business and industry leaders to be able to succeed. We have launched the Make More Manufacturing Summit to engage industry and government leaders from around the state to work together to chart a path toward a more resilient, diversified economy overall in Florida, leading to a prosperous future for our citizens.
Learn more about the summit at www.FloridaMakes.com/events.
Share Your Thoughts on Florida’s Manufacturing Industry
The impact of manufacturing to Florida’s $1 trillion economy is significant. Tell us what you think about Florida’s manufacturing future by clicking here to take the Florida Chamber’s manufacturing survey.
Workforce Matters to Manufacturing
“Workforce is going to be the differentiator between the economies that thrive, and the economies that fail.”
Kevin Carr, CEO, FloridaMakes
The Florida Chamber Foundation’s January 2018 edition of By The Numbers indicates manufacturing Florida has experienced a 4.5 % growth in manufacturing, with more than 16,200 jobs created in manufacturing this past year. With manufacturing growing, Florida can look forward to creating more high-wage jobs, and diversifying its economy.
What does the future of manufacturing look like in terms of talent?
Click the video below to hear Kevin Carr, CEO of FloridaMakes and Florida Chamber Foundation Board of Trustee member, discuss the importance of workforce to the future of Florida’s manufacturing industry.
Learn more about the needs of Florida’s manufacturing industry between now and 2030 by downloading the Florida Jobs 2030 report, which provides a detailed look at manufacturing and more.