It starts with a qualified workforce.
Advanced manufacturing employs more than 500,000 workers in Indiana. And while traditional manufacturing jobs have disappeared, they have been replaced with high-tech jobs with higher pay and a greater need for more specialized skills.
The potential for growth in the manufacturing sector is real for Indiana, even in today's economic decline. Advanced manufacturing jobs in Indiana pay 40 percent more on average than the state's per capita income. And Indiana ranks first among neighboring states in value added per worker.
Indiana is an ideal state to do business. That's why it's imperative to prepare our workforce for today's needs and tomorrow's challenges. But we've got some work to do. Indiana ranks ahead of its neighboring states in percentage of workers with associate's degrees, but educational attainment across the region is poor.
Conexus Indiana is helping prepare students for the advanced manufacturing workforce and developing a qualified pipeline for the future.
Manufacturing employs 450,000 workers in Indiana, accounting for 16 percent of the overall state employment and making Indiana #1 for state productivity per manufacturing employee in the Midwest.
Indiana's average annual compensation for manufacturing is $69,320 while the rest of the workforce earns an average of $46,147, meaning that manufacturing jobs pay 50 percent more than the state average.
The United States manufacturing industry directly employs 12.7 million people or 8% of the labor force.
Approximately 18.6 million or 1 in 6 jobs in the United States are supported by manufacturing.
Exports by manufacturing firms sustain 24% of Indiana's manufacturing jobs.
The U.S. Bureau of Labor Statistics projects that nearly half (45%) of all job openings between 2004 and 2014 will be in middle-skill occupations (compared to 33% high-skill and 22% in low-skill).
57% of Indiana's jobs are considered "middle-skill" but only 45% of Indiana's workers have the training required to perform these jobs.
The productivity of United States manufacturing workers is the highest in the world and twice as productive as next largest manufacturing countries.