A recent article from Florida TaxWatch, BUILT FOR SUCCESS: MANUFACTURING’S ROLE IN FLORIDA’S ECONOMY, keys in on productivity growth as a powerful indicator.
“Florida’s manufacturing sector was directly responsible for 5.6 percent of the state’s total economic output in 2021. More important than just the economic output of a given sector—in this case, manufacturing—productivity growth is a powerful indicator for long-term economic prosperity and competitiveness. Achieving a higher, nationally-leading productivity rate is imperative for the state of Florida to propel even larger economic output through manufacturing. Capitalizing on productivity growth can also help the state develop a competitive advantage over other states and attract relocating manufacturers who often pay close attention to productivity potential in a given area.”
Read the entire article here: BUILT FOR SUCCESS: MANUFACTURING’S ROLE IN FLORIDA’S ECONOMY