Industrial Diversity

Between 1980 and 2000, logistics alone drove extraordinary regional competitiveness in employment compared to U.S. trends.  Since 2000 regional employment gains have flattened.

At the same time, the growth of logistics has accompanied a decrease in the region’s industrial diversity.  Local employment has become nearly twice as concentrated in a narrow set of industries since 1980, putting the region in the precarious position of being tied to the logistics sector’s future, for better or worse.

Transportation and Logistics

  • 127,000 jobs (20% of regional employment)
  • $15.2 billion of economic output (28% of total output)
  • Approximately 1,000 establishments in transportation, logistics & warehousing
  • Specializing in wholesale trade and transportation support services

Manufacturing

  • 44,600 workers 
  • $6.1 billion of economic output 
  • Largely logistics dependent with 23% of employees working in materials moving
  • Specializing in some Global Technologies like Electronics Assembly & Repair, in addition to Tradable Commodities Processing and Regional Materials Processing

Healthcare/Bio-Medical

  • 74,000 jobs 
  • Specialized Medicine and Medical Technologies provide 44,000 jobs and $3.4 Billion in output. 
  • Medical Technologies alone have grown from 2,000 jobs in 1980 to 8,000 today