Michigan continues to be a leader both in manufacturing and providing support for this key sector of our economy. Here are insights on leading industries in the Great Lakes State, along with links to organizations committed to helping local manufacturers grow.
West Michigan leads in manufacturing comeback
Grand Rapids-Wyoming has seen a 20.5 percent jump in industrial employment since 2012 according to Forbes. The area hosts 2,500 manufacturing companies, and 80 percent of them have less than 250 employees.
The Right Place reports that the West Michigan area “hosts one of the most diverse material manufacturing supply chains in the U.S.” It includes everything from plastics and composite materials to exotic metals and embedded electronics.
Who’s leading the way?
While automobiles continue to be an important part of Michigan’s manufacturing market, other industries have leading roles, too.
The Michigan Economic Development Corporation reports that Michigan is home to more than 500 medical device manufacturers and more than 600 aerospace-related companies. In fact, PricewaterhouseCoopers has recognized Michigan as a top state for aerospace manufacturing attractiveness. Office furniture manufacturing continues to thrive with 136 companies in the state.
Resources for manufacturers
Michigan manufacturers don’t have to go far for assistance with growth strategies and making supply chain connections. Here are four regional organizations that can help grow your business:
- Michigan Economic Development Corporation – assists with growth strategies.
- The Right Place – makes connections to regional supply chain.
- Southwest Michigan First – helps companies in growing jobs and supply chain recruitment.
- The Economic Club of Southwestern Michigan – hosts a speaker series that provides answers beyond headlines.
And, if you need banking advice for your manufacturing operation, contact a Consumers business development manager to get the answers you need.
Do you have business banking questions? Contact our knowledgeable business development managers or call 800.991.2221. We’re here to help you grow your business!
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