STATE OF MANUFACTURING – Minnesota Manufacturing
by Joe Jackson
Marketing & Events Assistant, PMPA
Published November 1, 2023
Fabricated Metal Products Manufacturing is a subsector of manufacturing that makes critical goods from metal components.
Precision Turned Products Manufacturing is a subsector of fabricated metal product manufacturing that makes the components that MAKE IT WORK!
MINNESOTA ECONOMIC OUTPUT
Minnesota Manufacturing
NAICS 31-33
$53,130,000,000
Fabricated Metal Product Manufacturing
NAICS 332
$10,055,374,000
Precision Turned Product Manufacturing
NAICS 332721
$947,485,000
MINNESOTA MANUFACTURING ACCOUNTS FOR
Manufacturing Is Productivity –13.63% of the Minnesota total output (GDP)
Manufacturing Builds Businesses –6,387 manufacturing establishments in the state of Minnesota.
Manufacturing Creates Jobs – 11% of all Minnesota employees are in the manufacturing sector. (320,000 employees)
Minnesota created 64,000 new manufacturing jobs from January 2021 to May 2023, a 5.3% invrease which outpaced most of the Midwest states.
Manufacturing produces for Minnesota!
- Manufacturing is the largest contributor to Minnesota’s economic output.
- Fabricated metals is the fifth largest manufacturing sector in Minnesota.
Minnesota is a great place for a career in manufacturing
- Manufacturing jobs pay on average 28% over the average job in Minnesota. (according to NAM.org)
- 20% of Minnesota’s manufacturing jobs are located in the southern region of Minnesota (Renfield, Chippewa area).