Annual report card shows industry has room for improvement.
Virginia Manufacturing Receives a ‘D’ Grade
Virginia’s manufacturing industry has been holding steady since 2012—but unfortunately, not at a healthy level.
For the past six years, the health of the state’s manufacturing industry—which makes up 4 percent of the state’s economy—has received a “D” grade from the annual Manufacturing and Logistics National Report Card put together by the Center for Business and Economic Research at Ball State University and sponsored by Conexus Indiana.
This annual report shows how each state ranks in several economic factors that are key to the success of manufacturing and logistics. In addition to overall manufacturing industry health, CBER evaluates states based on the following categories: logistics industry health, human capital, worker benefit costs, tax climate, expected liability gap, global reach, sector diversification, and productivity and innovation. Here’s how Virginia stacks up in 2016:
Manufacturing Industry Health: D
Logistics Industry Health: C
Human Capital: C
Worker Benefit Costs: C-
Tax Climate: C
Expected Liability Gap: A
Global Reach: C
Sector Diversification: A
Productivity and Innovation: C
To learn more and read Virginia’s 2016 report card, visit http://conexus.cberdata.org/state/VA.
