GROW MINNESOTA! 2015

GROW MINNESOTA!  2015 GROW MINNESOTA!  2015 - Start

Added : 2018-02-09 Views :25K

Download Presentation

GROW MINNESOTA! 2015




Download Presentation - The PPT/PDF document "GROW MINNESOTA! 2015" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.



Presentations text content in GROW MINNESOTA! 2015

Slide1

GROW MINNESOTA! 2015

2015 Manufacturing Sector Report

Slide2

WHAT IS GROW MINNESOTA!?

Business retention

Business assistance

Statewide: 76 local chamber partners

13 years old

Slide3

GROW MN! 2003-2015

9,673

one-on-one business retention visits

3,076 in Metro, 6,597 in Greater MN

1,675

businesses assisted

18,163

jobs protected*

We know Minnesota’s economy!

*

Jobs since 2009

Slide4

GROW MN! 2014-2015*

925

one-on-one business retention visits

305

businesses assisted

516

jobs protected

We know Minnesota’s economy!

*10/15/14 – 10/31/15

Slide5

INDUSTRIES VISITED 2014-2015*

Slide6

GROW MN!

MANUFACTURING SECTOR

2014-2015

274

one-on-one business retention visits

93 in Metro, 181 in Greater MN

100

manufacturing businesses assisted

*10/15/14 – 10/31/15

Slide7

UNDERSTANDING OUR DATA

About Grow Minnesota Data…

Not

random sample

More Gr MN businesses than Twin Cities

Some industries over represented, e.g.

mfg

More small & mid-sized than large businessesNo weighting for business size, location, industry, etc.

Slide8

2015 MANUFACTURING SECTOR: KEY FINDINGS

Fueling growth…

High rate of innovation

Export at higher rate than other sectors

Adding jobs at higher rate than other sectors

Slowing growth…

82%

report difficulty hiring; 22% in 2010

Reliance on international markets has had short-term, negative impact

Slide9

MANUFACTURERS VISITED BY EMPLOYEE SIZE

Slide10

% OF MANUFACTURERS THAT OWN vs LEASE

Property Characteristics

(N

=

229)

Slide11

BUSINESSES CREATING NEW PRODUCTS, LAST YEAR

Innovation: Up

(N

=

269)

Slide12

MANUFACTURERS THAT INNOVATE OUTPERFORM THOSE THAT DON’T

Innovation: Linked with Increased Sales

% of businesses with increased sales last year

Slide13

% OF MANUFACTURING BUSINESSES THAT EXPORT

*29 % of

manufacturers

report international as their fastest growing market

Exports: Manufacturing

(N =213)

Slide14

% OF ALL MN BUSINESSES THAT EXPORT

Exports: All Industries

* 11% of

all MN businesses

visited report international as their fastest growing market

(N = 843)

Slide15

FASTEST GROWING MARKETS

Exports: Manufacturers Rely on International Markets

(N = 209)

Slide16

% OF MANUFACTURERS WITH PLANS: 2013 - 2015

New Investment Plans: Up

(N

=

291

)

(N

=

210

)

(N

=

261

)

Slide17

WHAT TYPES OF NEW INVESMENTS?

New Investments

Slide18

WHERE WILL NEW INVESTMENT BE LOCATED?

New Investments

(N

=

140)

* Business may select more than one category

Slide19

% OF MANUFACTURERS ADDING JOBS: 2011 - 2015

Workforce: Manufacturers

(N = 221)

Slide20

% OF MN BUSINESSES ADDING JOBS: 2011 - 2015

Workforce: All Industries

(N = 831)

Slide21

% OF

MANUFACTURERS

REPORTING TROUBLE: 2010 - 2015

Trouble Filling Jobs: Growing

(N

=

163)

Slide22

% OF

ALL BUSINESSES

REPORTING TROUBLE: 2010 - 2015

Trouble Filling Jobs: Statewide Trend

* Recruitment difficulty appears to be even more severe in manufacturing than other industries

Slide23

REASONS FOR DIFFICULTY FILLING JOBS

Trouble Filling Jobs: Manufacturing

(N

=

132)

* Business may select more than one category

Slide24

ACT IN 2016 TO BUILD OUR FUTURE

B

uild

O

ur Foundation

for

Future

G

rowthWhat actions (private & public) will deliver: More innovators

More exporters

More investment;

and

More workers

ready

for a “new economy.”


About DocSlides
DocSlides allows users to easily upload and share presentations, PDF documents, and images.Share your documents with the world , watch,share and upload any time you want. How can you benefit from using DocSlides? DocSlides consists documents from individuals and organizations on topics ranging from technology and business to travel, health, and education. Find and search for what interests you, and learn from people and more. You can also download DocSlides to read or reference later.
Youtube