This October will be the second annual “Manufacturing Month” in Arizona. It’s a time to celebrate all things manufacturing in the state and recognize the many manufacturers, large and small, that help make Arizona’s economy strong.
On Friday, October 3rd Gov. Jan Brewer as well as U.S. Representatives Paul Gosar, Matt Salmon and David Schweikert will join hundreds of manufacturers, students, and policymakers at the Arizona Manufacturing Summit hosted by the Arizona Manufacturers Council.
Why are so many of our state’s top leaders coming together at the summit to kick off “Manufacturing Month” in Arizona?
Because, manufacturing matters. Here are a few reasons why:
- Manufacturing Employs – Manufacturing supports an estimated 17.2 million jobs in the United States and 155,043 jobs in Arizona according to the Arizona Commerce Authority (ACA).
- Manufacturing Pays – In 2013, the average annual wage in the manufacturing sector stood at approximately $69,000, while the average annual wage in the Arizona stood at close to $46,000.
- Manufacturing Produces – According to the National Association of Manufacturers (NAM), manufacturing in the United States produced $2.08 trillion of value in 2013 –That’s 12.5 percent of the total GDP. U.S. manufacturers are the most productive workers on the planet, far surpassing workers in any other country. This brings higher incomes and standards of living to the people of Arizona.
- Manufacturing Innovates – Manufacturers in the United States execute two-thirds of all private-sector research and development in the nation, driving more innovation than any other segment of the economy.
- Manufacturing Multiplies – Manufacturing has the highest multiplier effect of any economic sector. When companies invest in manufacturing in Arizona it multiplies across the state’s economy, creating jobs and growth in other sectors as well. According to NAM, for every $1.00 spent in manufacturing, another $1.32 is added to the economy.
So join the Arizona Manufacturers Council on October 3rd at the Sheraton Phoenix Downtown Hotel for the Arizona Manufacturing Summit and learn more about why manufacturing matters to Arizona’s future.