Celebrating Manufacturing Month in Minnesota



DEED Developments










Celebrating Manufacturing Month in Minnesota

By Deputy Commissioner of Economic Development Kevin McKinnon

October is Manufacturing Month in Minnesota [ [link removed] ], a time to highlight one of the biggest and most important industries in our state’s diverse economy. At DEED, we recognize the strength, talent, hard work and determination of those in the manufacturing industry, and how crucial their goods and services are to the health and vitality of the state’s economy and workforce.

There are so many great things to shine light on when it comes to this industry. Last year, manufacturing contributed $57.2 billion, or 12%, to the state’s economy.

It’s a driver of jobs, too: Manufacturing roles constitute 11% of all available jobs in the state and can be found statewide. The average annual manufacturing wage in Minnesota is $79,000 — 10% above the average for all jobs. Going forward, we expect to see more than 93,000 job openings for manufacturing production positions in Minnesota through 2032. Many manufacturing jobs can be started with a high school diploma and employer-provided training.

This October, DEED has partnered [ [link removed] ] with Minnesota State to organize in-person and virtual tours of manufacturers for students, parents and the public. Our goal with these tours is to help interested Minnesotans learn more about manufacturing careers, see what manufacturing has to offer and inspire the next generation of manufacturing talent. You can find other manufacturing events this month—hiring events, panels, demonstrations and more—on the CareerForce website [ [link removed] ].

To be clear, DEED’s support of manufacturing isn’t just month-long. Throughout the year, our business assistance programs work with state, regional and local partners to offer financial support, job training and opportunities for growth to Minnesotans and businesses across the state. Some of these programs are:


* The Minnesota Investment Fund, [ [link removed] ] providing financing to help add new workers and retain high-quality jobs, particularly in industrial, manufacturing and technology-related industries.
* The Minnesota Job Creation Fund, [ [link removed] ] offering financial incentives to new and expanding businesses engaged in manufacturing, distribution, and other eligible activities to create or retain high-paying jobs and for constructing or renovating facilities.
* The Automation Loan Participation Program [ [link removed] ], making companion loans to fill gaps in financing needs for businesses purchasing machinery, equipment or software to increase productivity and automation.
* Drive for Five, [ [link removed] ] preparing Minnesotans for high-demand jobs in manufacturing, as well as four other occupational categories, by prioritizing training for populations that face obstacles to employment.
* Minnesota Job Skills Partnership, [ [link removed] ] working with businesses, educational institutions and nonprofits to train or retrain workers, expand work opportunities and keep high-quality jobs in the state.
* Automation Training Incentive Program, [ [link removed] ] awarding grants to small businesses in the manufacturing or skilled production industry to train incumbent workers efficiently on new automation technology.
* Job Training Incentive Program, [ [link removed] ] helping new or expanding businesses in Greater Minnesota train workers quickly and efficiently.

Manufacturing is an ever-growing industry that can always look to DEED for guidance and support. For additional manufacturing resources, including fact sheets, events, regional labor market information and more, visit CareerForceMN.com/Manufacturing [ [link removed] ].

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Minnesota Department of Employment and Economic Development

 

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