A new national report shows Indiana remains near the top of most major categories when it comes to advanced industries. The Brookings Institution findings show more than 365,000 Hoosier jobs are directly tied to the sector, with the largest share coming from the Motor Vehicle Parts, Motor Vehicle Body & Trailers and Computer Systems Design fields. Indiana ranks second in the country for advanced industries employment.
Iron and Steel Products and Medical Equipment and Supplies round out the top 5 industry fields in the state.
"America’s Advanced Industries: New Trends" details 50 industries within the sector. Central Indiana Corporate Partnership Chief Executive Officer David Johnson says "most of the 50 advanced industry sectors line up squarely with the CICP’s sector initiatives – agriculture innovation, life sciences, advanced manufacturing and logistics, energy technology and information technology – so we are in a unique position to seize opportunities for these high-growth and high-pay areas. The report emphasizes that the continued growth of these advanced industry companies is critical to ensure prosperity for our citizens and companies, both locally and nationwide. CICP’s innovation and talent focus is uniquely positioned to advance the development in these key industries."
In last year’s report, Indiana ranked third in work force share and rose this year to second. Brookings says the sector in Indiana produces $74.3 billion for the region, accounting for more than 25 percent of all output in the region. Wages connected to advanced industries, the study says, pay an average of nearly $72,000 per year, compared to all other industries, which pay an average annual salary of just over $44,000. According to the study, nearly 12 percent of all jobs in the region are related to advanced industries.
You can connect to more details of the report compiled by Brookings and the CICP, click here.
The report also breaks down data in the top 100 metropolitan areas. Indianapolis-Carmel-Anderson came in 20th in terms of advanced industries jobs gained on an annual basis. The state’s largest city was 27th overall with 96,698 industry jobs in 2015. Indy Chamber CEO Michael Huber says "advanced industries are the most talent-dependent, innovative and globally-competitive areas of our economy. The Brookings analysis shows that advanced industry employers are choosing Indy to make their most important investment, growing their workforce." You can connect to the metro area numbers by clicking here.