On the Space Coast, rockets are not the only things that are taking off. Since 2001, Brevard’s manufacturing GDP has soared by over 200%, compared to an increase of 50% for the State of Florida. This is a reason for celebration, and this October, the Economic Development Commission of Florida’s Space Coast (EDC) plans to do just that.
October is Manufacturing Month
In a nation where manufacturing is on the rise, 84% of manufacturers reported a shortage of available qualified workers. This challenge echoes on the Space Coast, and with 3,000 job openings expected locally in this field by 2022, manufacturers are seeking that talented workforce who are willing to expand their skills. In order to showcase today’s world of modern manufacturing, Manufacturing Day was created in 2012, and then expanded to Manufacturing Month encouraging participation throughout cities and regions.
Celebrated across the nation, Manufacturing Month is supported by thousands of manufacturers with a focus on raising awareness about manufacturing, its impact on the economy and to drive interest in manufacturing career paths. Since 2012, manufacturers have annually opened their doors to host students, teachers, parents, job seekers and the community at large to showcase the reality of modern manufacturing technology and careers. And the reality is, today’s world of modern manufacturing is high tech, automated, requiring talented individuals with varying skills and professions.
Why we celebrate
With over 500 manufacturers locally, Brevard’s largest contributor to our local economy is manufacturing, producing goods anywhere from plastics to rockets themselves. Here are other reasons to celebrate our local manufacturing community:
- In May 2019, manufacturing had 381,800 jobs in Florida, an increase of 11,500 jobs over the year.
- Brevard contributes over 20,000 manufacturing jobs
- Manufacturing pays well. The average annual salary for manufacturing across all skill levels, according to EMSI, is $104,247, demonstrating a sharp pay-scale increase upon attainment of valued skills and experience.
- Manufacturing jobs are stable. According to PayScale 2017, manufacturing ranked second for job tenure and stability.
- Manufacturing is safe and clean. Manufacturing is technology driven and clean environments are required.
- Manufacturers pay tuition. Of the manufacturers in Brevard surveyed, 70% report they are offering tuition support to their employees.
- Manufacturing offers the highest multiplier effect of any economic sector. 100 manufacturing jobs creates an additional 250 jobs in the economy. For every $1 spent in manufacturing, another $1.81 is added to the economy.
- Manufacturing drives innovation. 75% of all private sector research and development is performed in manufacturing.
Celebrate with the EDC this October as we share insights from local manufacturers on our Facebook page,
@EDCofFloridasSpaceCoast, and hear how they are celebrating #ManufacturingMonth on the Space Coast this October.
And, join the EDC’s MASC (Regional Manufacturers Association of Florida’s Space Coast) as they kick off Manufacturing Month 2019 at the 4th Annual State of Manufacturing event on Wednesday, September 11 at 4:00 PM at Craig Technologies in Cape Canaveral. This event celebrates modern manufacturing with a focus on inspiring the next generation of manufacturers and connecting to the community at large. This year’s event will feature a keynote presentation from Dr. Jerry D. Parrish, the Chief Economist and the Director of Research for the Florida Chamber Foundation.
Learn more at www.SpaceCoastEDC.org/Events.