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Florida is now a proper “manufacturing state,” no less than in accordance with Florida TaxWatch and FloridaMakes per a brand new report detailing manufacturing progress within the Sunshine State.
TaxWatch, a Florida authorities watchdog and taxpayer advocacy group, and FloridaMakes, a producing help group, famous that there at the moment are greater than 25,000 producers which can be based mostly within the state for the primary time. The determine was established within the “MakeMore Manufacturing Summit” report issued this month.
“Florida’s financial prosperity hinges on the collaborative efforts of our manufacturing stakeholders,” mentioned FloridaMakes CEO Kevin Carr. “This MakeMore Manufacturing Report underscores our dedication to advancing the state’s manufacturing economic system by way of strategic partnerships and innovation.”
The report, compiled in late 2023, concluded that producers supported 426,000 high-wage jobs in Florida in 2022. That accounts for about 4.4% of all jobs in Florida. The common annual wage for manufacturing employees within the Sunshine State got here in at $74,575 in 2022.
Whereas Florida ranked twelfth in america for manufacturing gross home product, the report particulars areas that also want enchancment.
Florida ranked thirty first for productiveness. Which means there was a mean of $178,367 in financial output per worker. That comes out to about $40,000 lower than the nationwide common of $218,271 in income per worker.
Nonetheless, the expansion in manufacturing jobs prior to now decade was spectacular. Florida noticed manufacturing sector jobs soar from 326,300 in 2013 to 422,800 in 2023. That’s a rise of about 9,600 new jobs yearly.
The report projected that to ensure that Florida to crack the highest 5 states for manufacturing jobs by 2030, there must be a rise to about 20,000 new manufacturing jobs per yr.
TaxWatch printed a advised listing of proposed measures to extend manufacturing jobs yearly in Florida together with:
— Step up advertising and marketing and messaging efforts amongst producers.
— Make the most of extra nontraditional strategies of constructing a strong and sustainable expertise pipeline, akin to apprenticeships, internships, and “boot camps.”
— Get native manufacturing firms concerned in colleges.
— Develop resilient and sustainable provide chains which can be interactive and dynamic with networks of individuals, processes and applied sciences.
— Speed up the adoption and implementation of Business 4.0 applied sciences.
— Make efficient use of the Florida Legislature Manufacturing & Provide Chain Caucus.
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