Manufacturing is an excellent source of jobs as well as the segment from which is derived a significant portion of the nation’s wealth. When a country exports more than it imports, it typically receives more money than it spends, resulting in greater overall wealth for the country. The history of the manufacturing industry in Maryland runs deep. During the early 1800s, the first industries in Maryland were centered around the Baltimore shipyards. Small ironworks cast parts for sailing vessels and several laborers worked as shipbuilders. By the 1850s, Baltimore, Maryland was also producing instruments to measure weather as well as fertilizers. By the 1930s, Baltimore became a major center of metal refining. Today, Maryland remains an extremely important manufacturer of many goods such as:
- Automobiles and automobile parts
- Steel
- Spices
- Scented Candles
- Solar Panels
- Cutting Edge Flu Vaccines
The manufacturing industry in Maryland is led by the printing and publishing industry, the food industry, the machinery industry and the chemical industry.
Based in Edgewood, Maryland is the U.S. headquarters of the world’s largest supplier of tools used to detect weapons, explosives and chemical threats. In fact if you’ve ever been through airport security, the equipment that was used to scan your luggage was most likely produced in Maryland.
Manufacturing provides a major income for the state of Maryland. In fact in 2010, the total value of shipments of manufactured goods from Maryland was $39.9 billion and the total payroll by Maryland manufacturers was $6.1 billion paid to 106,807 industry workers.
Manufacturers are quickly noticing the benefit that being “made in Maryland” has on the overall global economy. Since the 2008 recession, the output of U.S. workers in manufacturing jobs is up nine percent due to improved productivity, continuing innovation, new research and development and the important economic development of U.S. universities. Manufacturing processes are now being done with less labor, cheaper natural gas and at a lowered cost of credit. In addition, three new jobs are created for every one manufacturing job.
The state of Maryland offers a competitive environment for manufacturers. There are approximately 3,912 manufacturing companies in Maryland that employ approximately 115,086 people. The manufacturing industry in Maryland remains a vital part of the state’s economic future.
Bay Industrial Group of Baltimore, Maryland provides industrial and manufacturing facilities with state of the art manufacturing solutions for a variety of different manufacturing challenges. For more information please contact Bay Industrial Group today.