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Sunday, May 12, 2024

DEED celebrates manufacturing companies, their role in the state's economy

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Manufacturing is Minnesota's second largest industry. | Pixabay

Manufacturing is Minnesota's second largest industry. | Pixabay

In October, the Minnesota Department of Employment and Economic Development (DEED) celebrated the critical role of manufacturing companies in the state's economy. 

Officials said that manufacturing companies contributed close to $52.7 billion to the state’s economy in 2019. They also say that manufacturing is the state’s second-largest industry.

Additionally, the industry is the largest sector as measured by its "share of the state’s gross domestic product at 14% in 2019." 

Minnesota’s manufacturers provide many of the things that Minnesota residents use every day. They supply everything from edible items to complex machinery to necessary medical equipment. 

Additionally, Minnesota shipped $21 billion worth of products in 2019. Products then get delivered to countries around the world. 

“Many Minnesota manufacturers are hiring now, and they offer good-paying, family-sustaining jobs,” said DEED Commissioner Steve Grove in a press release. “All month, we’ve focused our efforts on getting the word out to Minnesotans looking for work now: Explore the many promising employment opportunities in manufacturing.”

For more information about DEED, visit the website or follow them on Twitter.

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