It should come as no surprise that the majority of manufacturing purchasing decisions occur outside the United States in 2016. Wisconsin companies such as PPCM are adjusting to this trend in kind. For most Wisconsin manufacturers, this decision is now a necessity to stay competitive. 85% of all of Wisconsin’s exports are attributed to the manufacturing sector. Numerous global markets recognize the high-quality production and innovation originating here.
Benefits enjoyed by Wisconsin manufacturers include favorable tax incentives, including a 0.4 percent corporate tax (the manufacturing and agriculture tax credit). These savings can be passed on to the customer, and ensure cost-competitiveness. This is essential for balancing the gradual decline in manufacturing jobs seen in recent decades due to the effects of globalization.
Wisconsin boasts one of the most highly-skilled manufacturing workforces. Many local industry and government leaders have invested millions in the training and education for workers. An extensive network of more than 9,000 manufacturer’s across the state provides more than 450,000 manufacturing jobs. Manufacturing jobs comprise 17% of the market in Wisconsin, and represent the second highest concentration in the country. In an ever-changing economic landscape, a collective effort is necessary for continued success in the future.
If you value a track record of quality production and opportunities for growth, look no further than Wisconsin!