2013 Manufacturing + LogisticsReports for the Maryland and Nation
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2013 Manufacturing + Logistics Reports for the Maryland and Nation






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2013 Manufacturing + LogisticsReports for the Maryland and Nation 2013 Manufacturing + Logistics Reports for the Maryland and Nation Presentation Transcript

  • 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 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.
  • 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.
  • 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.
  • 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.
  • 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
  • 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.
  • 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.
  • 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.
  • 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.
  • 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