Workforce improvement seen as key to attracting industry

Published: Tuesday, August 20, 2013 at 17:22 PM.

AT A GLANCE

Manufacturing in Northwest Florida

Manufacturing is a key driver in the 12-county regional economy. The region is expected to receive $2.6 billion in total 2013 GDP (gross domestic product) from manufacturing.

* The manufacturing industry directly contributes 14,518 jobs across the Northwest Florida Economy and in the process, generates $985 million in total earnings. This equates to $67,872 in earnings for each worker employed in the industry. The leisure and hospitality industry, by comparison, employs 63,053 workers across the region and generates $1.3 billion in earnings. This equates to roughly $20,600 in earnings for each worker employed in the industry. Manufacturing has a higher economic impact (as measured by earnings) in the region per job generated than any other industry super cluster.

* The manufacturing industry also adds an additional 17,062 jobs indirectly to the economy. For every 1 job in manufacturing, an additional 2.175 jobs are generated in the region.

* Manufacturing is projected to grow more rapidly in Northwest Florida than in any other region in the state.

SOURCE: Northwest Florida Manufacturers Council



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