Improve the quality of life in Iowa by enhancing the performance of industry through research, educa

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Improve the quality of life in Iowa by enhancing
the performance of industry through research,
education, and technology-based services.
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It has been stated that
Manufacturing, Mining, Construction, and
Agriculture are the only industries that create
wealth All others redistribute the results.
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Importance of Manufacturing to Iowa

• 6,580 manufacturing firms
• 26.1 billion of the
• State GDP

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Manufacturing Fraction of Gross Domestic Product
U.S. 11.8
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Composition of Iowa GDP 2006
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Manufacturing GDP by Sector
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Company Size
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230,000 Manufacturing Jobs
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Fraction of Jobs in Manufacturing
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Manufacturing Jobs
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Average Manufacturing Earnings
Statewide average 46,000
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Employment Trends
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Iowa GDP per Job by Sector
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Iowa Earnings Comparisons to the U.S. Average Per
Job or Proprietor
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Engineering Density
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High Tech Employment

• Wage Employment/1000
• Illinois 70,466 42
• Minnesota 67,334 56
• Kansas 62,692 51
• Missouri 62,409 39
• Wisconsin 56,282 33.3
• Nebraska 54,794 42
• Iowa 51,356 32.9
• South Dakota 43,297 30

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U.S. Manufacturing Employment
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Economic Multipliers
Source NAM
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Source BBI
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Source CARD Data
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City Size
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RUCA
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Product Cost
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Employee Size
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PMI
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Manufacturing Diffusion Index
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Manufacturing Employment
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1908 1958 2008 2058
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Center for IndustrialResearch and Service
www.ciras.iastate.edu
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