Advanced Manufacturing
The Madison Region’s historic strength in manufacturing and production pairs with high-tech processes, pioneered by higher education and research institutions, to serve as the cornerstone of our regional employment. Manufacturing sub-sectors boast an LQ of 1.52 and lead regional employment – second only to government workers. Companies looking to open or expand advanced manufacturing facilities in the Madison Region will benefit from a multitude of industrial parks, moderate utility prices, and strong technical and four-year education institutions. Combined with statewide sector support and a history of cutting-edge production, the region is well situated to be a long-term manufacturing haven.
ABOVE NATIONAL AVERAGE FOR TOTAL JOBS
CHANGE IN JOBS OVER 10 YEARS
EARNINGS
(As Compared to National Rate)
5 YEAR PROJECTED GROWTH
(Supply/Jobs)
Sub-sector Strengths
Tractors & Trailers
Household Refrigerators & Freezers
Appliances
Metal Manufacturing
Plastics
Establishments
1,428 manufacturing establishments
Employment
71,508 manufacturing employees
Employment Growth
12.5% industry growth from 2010-2020
Wages
The Madison Region reports a $75,635 average annual wage for manufacturing.
Degrees Conferred
4500+ industry-applicable degrees and certificates conferred in 2020 from higher education institutions in and around the Madison Region.
Location Quotients
Location Quotient (LQ) is a way of discovering the industries or occupations that are truly unique and specialized in your regional economy (compared to the national average). For example, if the commercial bakeries industry in your city accounts for 2.5% of jobs but only 1% of jobs nationally, then the city’s commercial bakeries have an LQ of 2.5, which means that this industry is 2.5x more concentrated in the region than the typical region. (Emsi)
Manufacturing LQ | 1.52
Electrical Equipment, Appliance, and Component Manufacturing | 3.63
Plastics and Rubber Products Manufacturing | 2.48
Machinery Manufacturing | 2.28
Chemical Manufacturing | 1.72
Fabricated Metal Product Manufacturing | 1.69
Nonmetallic Mineral Product Manufacturing | 1.27
Primary Metal Manufacturing | 0.98
Computer and Electronic Product Manufacturing | 0.73
Transportation Equipment Manufacturing | 0.64
Source: Emsi 2021.4
