Posted by Amy McCullough
According to Ball State University calculations, Mississippi gets an A in diversification and F’s in human and venture capital on its manufacturing report card.
The 2011 Manufacturing and Logistics Report Card, prepared by Ball State’s Center for Business and Economic Research (CBER), reviews several areas, including manufacturing and logistics health, human capital, cost of benefits, global position and diversification of industries, state level productivity and innovation, tax climate and venture capital activities.
Human Capital: F
Benefit Costs: C
Global Reach: C-
Tax Climate: B
Venture Capital: F
CBER Director Michael Hicks says U.S. manufacturing is clearly rebounding from the recession, but the effects of the rebound are highly varied. Manufacturing production will almost certainly have a record year in 2011 and again 2012, but employment nationwide will be highly varied across states.
“Some states, such as Indiana, have seen a real turnaround in manufacturing employment since the end of the recession (up 4.6 percent), while the nation as a whole has seen one in 50 manufacturing jobs lost,” Hicks said in a statement.
“Prior to the recession, business location and expansion decisions were almost wholly driven by the availability of skilled workers,” he says. “Today, that is far less a short term consideration, and tax rates, and concern about future tax increases due to high pension costs and other factors dominate business decisions to relocate. So, states emerge from this recession with a solid fiscal climate will tend to outperform those with uncertain balance sheets.”
Source: Ball State Media Relations