Iowa and Wisconsin maintained stellar grades in manufacturing, logistics industry health, expected financial gap and human capital, according to Ball State University’s latest Manufacturing Scorecard report. Iowa earned an overall A grade while Wisconsin received and overall mark of B.
The 2019 Manufacturing Scorecard from Ball State’s Center for Business and Economic Research analyzes how each state ranks among its peers in several areas of the economy that underpin the success of manufacturing and logistics.
Manufacturing Industry Health – Iowa (A) Wisconsin (B)
- The location of manufacturing depends more on local factors such as the quality and availability of the labor force, transportation infrastructure, nonwage labor costs, access to innovative technologies, and the cost of doing business.
Logistics Industry Health – Iowa (B) Wisconsin (B)
- The movement of goods is of central importance to the production of goods. Without a robust logistics industry, manufacturing and commodity production will not occur.
Human Capital – Iowa (A) Wisconsin (B)
- No factor matters more to businesses than the quality and availability of labor. Workers represent the largest single cost of doing business.