While many of us dreaded the proverbial report card from our school house days, it’s always good to know where you stand compared to others at any stage in life. As a result,the manufacturing community, which plays a major role in the economy of Michigan’s Great Southwest can post thumbs up photos thanks to a new report from Ball State University. Logistics experts on the other hand came up average, at best.
The updated annual report delivers a solid “A” grade to Michigan manufacturing and a “C” for those engage in logistics.
The Ball State report also shows Michigan improved from “D” to “C-” in its liability gap. The state maintained its grades of “A” in productivity and innovation, “C” for benefits costs, and “D” in the human capital and diversification categories.
Michigan declined from “B+” to “B” for its global position from relatively lower manufacturing export growth. Michigan also declined from “B” to “B-” for its Tax Climate.
The 2019 Manufacturing Scorecard from Ball State’s Center for Business and Economic Research (CBER) analyzes how each state ranks among its peers in several areas of the economy that underlie the success of manufacturing and logistics.
These specific measures include:
- Manufacturing and logistics industry health
- Human capital
- Cost of worker benefits
- Diversification of the industries
- State-level productivity and innovation
- Expected fiscal liability
- Tax climate
- Global reach
You can visit the Manufacturing Scorecard project website to view the performance history for each state and an archive of past reports with insight into the manufacturing industry by clicking the link below:
http://mfgscorecard.cberdata.org
Founded in 1918 and located in Muncie, Indiana, Ball State is one of Indiana’s premier universities and an economic driver for the state. Ball State’s nearly 22,000 students come from all over Indiana, the nation, and the world, and its 780-acre campus is large enough to accommodate premier facilities and 19 NCAA Division I sports but small enough to ensure the friendliness, personal attention, and access that are the hallmarks of the University.
