Conexus 2014 Manufacturing and Logistics report
The report ranks states in areas that deal with the success of manufacturing and logistics in the economy. Ball State’s Center for Business and Economic Research conducted the report.
Indiana’s scores
Manufacturing industry: A
Logistics industry: A
Human capital: C-
Worker benefit costs: C
Tax climate: A
Expected fiscal liability gap: C
Global reach: A
Sector diversification: C
Productivity and innovation: C+
Indiana’s manufacturing industry’s health continues to receive A-level ratings for the sixth year in a row and continues to outperform its neighbors in most areas, a new report shows.
“We have a long history of manufacturing,” said Michael Hicks, director of Center for Business and Economic Research. “Today, I think we just have a very good tax and business climate that makes it easy for businesses to relocate here.”
Indiana corporate tax rate is 7.5 percent compared to neighboring Illinois’ 9.5 percent.
The Conexus 2014 Manufacturing and Logistics report, conducted by Ball State’s CBER, is a national report that examines areas key to the development of manufacturing and logistics. In order to accurately rate each state on its overall climate for those industries, the report looks at several areas.
These areas are manufacturing industry health, logistics industry health, human capital, worker benefit costs, tax climate, expected fiscal responsibility gap, global reach, sector diversification and productivity and innovation.
Indiana's lowest score was a C- in human capital, with four areas scoring an A. Surrounding states Illinois, Kentucky, Ohio and Michigan received a C, a D, a C and a D, respectively, for human capital.
Indiana is one of nine states that received a grade of A in manufacturing health. Alaska, Hawaii, Nevada, Montana and New York received Fs in this area.
“For Indiana, manufacturing remains very strong,” Hicks said. “Unless human capital scores improve, the future is less bright than it should be.”
Indiana’s human capital score suffers because of the aging baby boomer population, the report said. Approximately 16.8 percent of the manufacturing workforce is approaching retirement age, causing a shift in the workforce, the report said.
The report is used to show businesses how Indiana compares to others in some aspects of its economy that deal with manufacturing and logistics.
In Indiana, about one in five workers work in manufacturing and logistics, the report said.
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