2013 Manufacturing + Logistics
Reports for the Maryland and Nation
October, 2013
B R O U G H T T O Y O U
B Y :
Manufacturing Industry Health
To measure manufacturing we include
three variables:
• Share of total income earned by
manuf...
Logistics Industry Health
To measure the logistics industry we include:
• Share of total logistics industry income as
a sh...
Human Capital
Our human capital measurements include
these rankings:
• Educational attainment at the high school
and colle...
Worker Benefit Costs
To measure worker benefit costs, we
include:
• Health care premiums
• Long-term health care costs
• W...
Tax Climate
To measure the tax climate we use data on:
• Corporate taxes
• Income taxes
• Sales and use taxes
• Property t...
Expected Fiscal Liability Gap
To measure the expected fiscal liability
gap, we include:
• Data on unfunded liability per c...
Global Reach
To measure global reach we include:
• Export-related measures of per capita
exported manufacturing goods.
• T...
Sector Diversification
In this section, we measure the
diversification of manufacturing activity
in each state using the H...
Productivity + Innovation
To measure productivity and innovation
we use:
• Manufacturing productivity growth
• Industry re...
Maryland’s Scorecard
Category Maryland DE NJ PA VA WV
Manufacturing D D C- C D C-
Logistics D F C+ A C- C
Human Capital C+...
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2013 Manufacturing + Logistics Reports for the Maryland and Nation

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2013 Manufacturing + Logistics Reports for the Maryland and Nation

  1. 1. 2013 Manufacturing + Logistics Reports for the Maryland and Nation October, 2013 B R O U G H T T O Y O U B Y :
  2. 2. Manufacturing Industry Health To measure manufacturing we include three variables: • Share of total income earned by manufacturing employees in each state • Wage premium paid to manufacturing workers relative to the other states’ employees • Share of manufacturing employment per capita 2013 ranking: • Maryland scored a “D” grade in the manufacturing industry category. • Maryland is in bottom 10 states in the highest share of manufacturing employment per capita and highest manufacturing sector income share of the total income.
  3. 3. Logistics Industry Health To measure the logistics industry we include: • Share of total logistics industry income as a share of total state income • Logistics employment per capita • Commodity flows data by both rail and road • Infrastructure spending as the per capita expenditure on highway construction 2013 ranking: • Maryland continued to hold an “D” grade in logistics industry category. • Maryland’s logistics employment per capita, commodity flow value by road per capita and logistics share of economy is in the bottom 20% of all states.
  4. 4. Human Capital Our human capital measurements include these rankings: • Educational attainment at the high school and collegiate level • First-year retention rate of adults in community and technical colleges • Number of associates degrees awarded annually on a per capita basis • Share of adults enrolled in adult basic education 2013 ranking: • Maryland’s human capital grade dropped from “B-” to a “C+”. • Maryland is one among top 20% states with higher percentage of population with bachelors degree and first year retention rate in community and technical colleges.
  5. 5. Worker Benefit Costs To measure worker benefit costs, we include: • Health care premiums • Long-term health care costs • Workers’ compensation costs per worker • Fringe benefits of all kinds as a share of worker costs 2013 ranking: • Maryland slightly dropped its worker benefit rankings from “B” to “C+”. • Maryland also experienced a marginal increase in long-term health care and workers’ compensation rate.
  6. 6. Tax Climate To measure the tax climate we use data on: • Corporate taxes • Income taxes • Sales and use taxes • Property taxes • Unemployment insurance tax 2013 ranking: • Maryland slightly dropped its rankings from “D+” to “D” grade in tax climate category. • Maryland is among the bottom 20%, relative to other states, for individual income tax, unemployment insurance tax and property tax indexes in fiscal year 2013. • Does not include 2013 legislative changes
  7. 7. Expected Fiscal Liability Gap To measure the expected fiscal liability gap, we include: • Data on unfunded liability per capita • Percentage of GDP, average benefits, and bond rankings 2013 ranking: • Maryland saw a steady “C” grade in expected fiscal liability gap category. • Maryland holds on to a first place in bond ratings. • Maryland’s average benefits and unfunded liability as a percentage of GDP increased relatively. • This does not yet capture payments to our pension funds since 2011.
  8. 8. Global Reach To measure global reach we include: • Export-related measures of per capita exported manufacturing goods. • The growth of manufacturing exports • Foreign-direct investment measures of the amount of manufacturing income received annually from foreign-owned firms • The reach of foreign-direct investment 2013 ranking: • Maryland continued to remain weak with an “D” grade in global reach category. • Maryland’s per capita manufacturing exports is in the bottom 10% of all states.
  9. 9. Sector Diversification In this section, we measure the diversification of manufacturing activity in each state using the Herfindahl- Hirschman Index 2013 ranking: • Maryland grades stood at “C-” in this category. • Maryland experienced a marginal change in diversification index.
  10. 10. Productivity + Innovation To measure productivity and innovation we use: • Manufacturing productivity growth • Industry research and development expenditures on a per capita basis • The per-capita number of patents issued annually 2013 ranking: • Maryland’s grade continued to remain steady with “B” in this category. • Maryland saw a relative growth in manufacturing value added (a measure of the contribution of the production process in an individual state) and average manufacturing productivity.
  11. 11. Maryland’s Scorecard Category Maryland DE NJ PA VA WV Manufacturing D D C- C D C- Logistics D F C+ A C- C Human Capital C+ C- C+ C C F Benefit Costs C+ F D D+ C D- Tax Climate D B F D C C Expected Fiscal Liability Gap C A D C C F Global Reach D B B C C B Diversification C- C D- B A C- Productivity & Innovation B C B- C B D

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