We are so proud to be mentioned in a recent US News & World Report article published on September 21, 2016, naming Richmond and Berea KY as the number one “Best Places to Work in Manufacturing”. Why?
“The Richmond-Berea region of Kentucky is considered the premier location for American manufacturing, thanks largely to its 40 percent increase in manufacturing employment between 2013 and 2014. South Carolina’s Charleston-North Charleston metro ranked second, with a 29 percent gain in manufacturing employment between 2009 and 2014 and a 26 percent increase in wages.”*
Overall the manufacturing sector is struggling throughout parts of the United States due to automation and overseas competition. “Yet while American manufacturing isn’t exactly thriving across the board in 2016, a new study shows industrial production still has signs of life in isolated markets across the country.” And one of those exceptions is Madison County, Kentucky.
There are some signs of growth in manufacturing jobs in 2016: “Across the board, the domestic manufacturing sector lost more than 40 percent of its workforce between its 1979 peak and where it bottomed out shortly after the Great Recession. Payrolls have since climbed more than 7 percent, but manufacturing’s role in the labor market in 2016 is a far cry from what it once was.”
“Overall, one could characterize manufacturers’ current economic outlook as cautiously encouraging, but still less than desired and highly varied by firm size and export sales growth expectations,” Chad Moutray, a chief economist at the National Association of Manufacturers, wrote in a research note Monday.
*US News & World Report | 9/21/2016 | Andrew Soergel, Economy Report | Web Article Link