Since the Great Recession of 2008 manufacturing has led the very uneven recovery in the US economy. According to a Cornell University study..."US counties reliant on manufacturing jobs have out-performed the national average in terms of employment gains. In combination, a weak dollar, transport cost considerations and quality control issues, plus competititive wages and lower cost energy in what is still the world's largest market, have caused manufacturers to take a second look at locating their operations in the US." Cost factors are down to single digits in comparing total business costs between the US and outsourcing locations for much manufacturing due to many of the trends mentioned above. For small and medium size producers several components of the cost of doing business are critical in this new era.
Robust supply chains in established manufacturing regions such as the Greater Cincinnati area that work efficiently, access to new sources of capital, and a middle-skilled workforce are key drivers for established manufacturing corridors to further expand. No region is better placed to move ahead than Greater Cincinnati.
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