Ohio ranks third nationwide in manufacturing output
Ohio's industrial strength comes from its competitive, traditional industries. In 2004, $56.7 billion of the state's $82.2 billion in manufacturing output consisted of durable goods, 69% compared to 56% for the nation. Durable goods include transportation equipment, industrial machinery, primary metals and lumber and wood products.
At 20.2%, manufacturing's contribution to Ohio's Gross State Product (GSP) is nearly double that of any other private industry sector.
Ohio ranked second nationally in new site selections in 2005. Manufacturing accounted for 58% of those investments.
In 2006, Ohio ranked third in manufacturing employment nationally, with 6.1% of manufacturing jobs nationwide.
Manufacturing investments are the leading source of new Ohio private investments. In 2004-2005, nearly 700 major new investments were made in Ohio industrial machinery and fabricated metal manufacturers were the leading investors.
Out of Ohio's 21,442 manufacturing establishments, only 293 employ more than 500 workers. In fact, 82% of Ohio manufacturing companies employ fewer than 50 workers. These small businesses make a major contribution to their local communities in job creation and taxes.
Ohio manufacturing leads all economic sectors in total state payroll.
In 2005, Ohio ranked seventh in exports to the world. Sixty-seven percent of Ohio manufacturing companies with one hundred or more employees are engaged in some form of export.
