How is Florida's Manufacturing Industry Fairing?

Date: June 13, 2016 Last Edit: June 15, 2016

A new report gives the Sunshine State a “D.” Here’s why.

In 2016, the health of the Florida manufacturing industry—about 3.1 percent of the state’s economy—was rated at a “D” grade in the 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. Since 2009, Florida’s manufacturing industry health has earned a “D” grade.

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 Florida stacks up in 2016:

Manufacturing Industry Health: D

Logistics Industry Health: C

Human Capital: C

Worker Benefit Costs: C

Tax Climate: A

Expected Liability Gap: A

Global Reach: D

Sector Diversification: B

Productivity and Innovation: C-

To learn more and read Florida’s 2016 report card, visit http://conexus.cberdata.org/state/FL.

Related Content: Small Business News | Florida

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