NJ Manufacturing Competitiveness. Proximity to market, value chain for US manufacturing.
…evidence suggests strongly that physical production activities account for a diminishing share of the final value of manufactured products, with service-related inputs such as research, product design, and marketing becoming more important.
Further, the production of many goods is dispersed across multiple locations along global supply chains, making it difficult to determine where value is added. Such shifts pose a challenge to efforts to capture economic value by promoting goods production in the United States.
Source: Deloitte and US Council on Competitiveness 2010 Global Manufacturing Competitiveness Index.
CNBC Business Rankings 2012
Education: measures of K-12 education including test scores, class size and spending; considered the number of higher education institutions in each state.
Workforce: education level of their workforce, as well as the numbers of available workers; union membership. While organized labor contends that a union workforce is a quality workforce, that argument, more often than not, doesn’t resonate with business. We also looked at the relative success of each state’s worker training programs in placing their participants in jobs.
Tech & Innovation: support for innovation, the number of patents issued to their residents, and the deployment of broadband services. We also considered federal health and science research grants to the states.
Source: National Center for Education Statistics http://nces.ed.gov/programs/digest/d10/tables/dt10_232.asp
US manufacturing loses 1 million jobs.
2.5M (large firms) 1.2M (small firms)
Lower value-add/production worker
Lower ratio of managers: production workers
Fewer professional staff
Less investment in capital upgrades
OEM primary customer
Science and Engineering Indicators 2012
93 percent of New Jersey exporters are small businesses (2009)
Manufactured Goods Exports, 2010 (billions) $28.5
Total Jobs in all Sectors Supported by Manufactured Goods Exports 139,400
Export Share of Manufacturing Jobs 18%
2003-2010 Growth of Manufactured Goods Exports 87%
Small businesses as Percentage of NJ Exporters, 2009 93%
New Jersey Manufacturers Are Engaged in Exporting around the World
• Top five U.S. export markets: 40 percent of New Jersey exports (2010).
• Canada (20%), South Korea (6%), Mexico (5%), Japan (5%) and Germany (5%).