The Brookings Institute has prepared a comprehensive report on America’s Advanced Industries- Industries that invest at least $450 per worker in research and development and employ at least 20% of their workforce in STEM- intensive occupations.
Advanced Industries matter to you because they represent both an economic foundation and they led the post-recession recovery. Advanced Industries are where the future jobs are- as they are where the sustainable growth will be.
In Ohio, according to this report, 17 of the 25 largest Advanced Industries in 2015 were markets served by our Precision Machining Companies. Motor Vehicle Parts, General Purpose Machinery, Power Generation and Supply, Precision Instruments, Medical Equipment and Supplies and many more are “where the career action is.”
The Brookings report first explains what advanced industries are and why they matter. It next charts the changing momentum and geography of the sector, with a special focus on these trends as they surface in larger metropolitan areas. Finally, a discussion section offers some takeaways for regional and national policymakers and economic development leaders. Maps, charts, and individualized state and metropolitan area “trend profiles” are available on the report website.
Overall, the trends reveal both the value and evolving distribution of advanced economic activity and the need for urgent federal as well as state and local efforts to boost their growth and broadening their reach.
Link to report and interactive data
Thank you to Brookings for this outstanding and useful report. Let’s do our part to get it in the hands of the policy makers and job seekers and educators and guidance counselors in our communities to make a difference.
For more information about STEM careers, check out our article in Production Machining: Careers, College, Dollars and STEM