Manufacturing Fast Facts
The manufacturing sector is the backbone of Minnesota's economy, thanks to its strength, versatility and innovation. It represents one in seven jobs and has the largest total payroll of any business sector.
Minnesota has 300,200 manufacturing jobs statewide or 14 percent of all private-sector jobs.
Manufacturing contributes more than $30 billion to the state economy and represents 17 percent of the Minnesota's gross domestic product.
Manufacturing pays an average annual wage of $53,612 per employee, eclipsing construction, real estate, and agriculture.
Across the state, manufacturing accounts for between 6 percent and 18 percent of total employment, depending upon the region.
Most manufacturing jobs in Minnesota are concentrated in these products:
> Computer and electronic products
> Food manufacturing
> Fabricated metal products
> Machinery
Each manufacturing job supports another 1.3 jobs elsewhere in the economy through supplier purchases and employee spending. In all, manufacturing accounts for nearly 800,000 jobs or about 29 percent of all jobs in Minnesota.
Manufacturing has the second-largest payroll of any business sector in the state, providing $16.1 billion in 2009 wages.
Manufacturing exports brought more than $14.6 billion into the Minnesota economy in 2009.
Canada is Minnesota's top manufactured export market at $3.8 billion in sales in 2009, followed by China, Ireland and Japan.
Minnesota's top manufactured export is computers and electronics at $3.3 billion, followed by machinery, Miscellaneous (mostly medical devices) and transportation equipment.
The state is a national leader in manufactured medical devices, which contribute to the state’s gross domestic product and the value of goods exported.
Medical device businesses research, develop and produce everything from catheters and pacemakers to dental instruments, eyeglass lenses and hearing aids.
Renewable energy is another stronghold of the manufacturing sector. We believe that it has the potential for providing great support to Minnesota’s economy in the future.
South Central Minnesota Fast Facts
Manufacturing was the largest employment sector in South Central Minnesota, as of second quarter 2010
The average weekly wages in manufacturing were 13.9 percent higher than average weekly wages for all industries in South Central Minnesota ($786, compared to $690).
Total job vacancies in the region were down 21.6 percent over the year during second quarter 2010, and 45.7 percent since second quarter 2007.
Click here to download more facts about employment and manufacturing in South Central Minnesota.
The information provided above comes from Positively Minnesota (Depearment of Employment and Economic Development - DEED)
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