Not only historically significant to Cleveland Plus, manufacturing is also vital to the region’s economy going forward. The importance of our manufacturing efforts and expertise is expected to grow throughout the next decade, as manufacturing companies here continue to build equipment and components that power industries across the nation and around the world.

GRP Grows as Efficiency Soars

From 1990 to 2015, the gross regional product (GRP)
of Northeast Ohio grew by 17%, while productivity* increased by 92%. GRP is projected to grow another 25%, and productivity another 63%, over the next 10 years.
The $43.6 billion manufacturing industry represents 19.5%
of our region’s economy today. By 2025, it is expected to grow to $53.3 billion, representing 22% of the economy.

Sector Strength:
Where Northeast Ohio Excels

Northeast Ohio spans the spectrum of manufacturing – from automotive manufacturers such as Chevy Cruz in Lordstown and Ford in Avon Lake, to food manufacturers including Daisy Brand in Wooster and Pepperidge Farm in Willard. In total, 21 manufacturing sectors are represented in this region.
Of these 21 manufacturing sectors, 15 are projected to grow in the coming decade. The sectors projected to become the largest (based on dollar volume) by 2025 – fabricated metal product manufacturing at $8.6 billion, transportation equipment manufacturing at $8.3 billion and chemical manufacturing at $8 billion – are expected to comprise 47% of total projected output. The six sectors expected to decline represent only 4% of total output.
In addition, Northeast Ohio is anticipated to outpace
the US in sector growth in two important categories:
(1) transportation equipment manufacturing, projected
to grow 52% in this region over the next decade while
the US is estimated to grow 26%, and (2) computer and electronic product manufacturing, projected to grow
50% here as compared to a 35% national increase

> By 2025, the manufacturing industry
is projected to represent 22% of
Northeast Ohio’s economy
> It is estimated that there will be
49,000 job openings in production
occupations in the next ten years
> From 1990 to 2015, manufacturing
productivity in Northeast Ohio increased 92%

Employment Opportunities

While manufacturing employment has declined in the Cleveland Plus region, decreasing 40% from 1990 to 2015, it is estimated that there will be 49,000 job openings in production occupations over the next ten years.
Many of these positions will require technological expertise, as advances in production practices and processes are introduced with increasing regularity. According to MAGNET, the Manufacturing Advocacy
& Growth Network, which supports, educates and champions manufacturing in Ohio with the goal of transforming the region’s economy into a powerful, global player, manufacturers are looking to recruit not only talented scientists, engineers and production technicians, but also accountants, IT specialists, lawyers, marketing and public relations specialists, and other professionals.
Recognizing that a highly skilled, qualified workforce is vital to their success, these manufacturers are working with MAGNET to collaborate with schools, universities, community colleges and technical centers to ensure
that students understand the vast range of opportunities available to them and that education and training programs adequately prepare these students for successful manufacturing careers. Co-op and internship programs, plant tours, job shadowing and mentoring experiences are all part of the opportunities manufacturers are providing to better align the next generation of manufacturing employees with the evolving needs of the industry.

Source:

http://www.clevelandplusbusiness.com/

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