Introduction According to Newton’s first law of motion, an object in motion stays in motion unless acted upon by an outside force. Florida’s manufacturing sector […]
Manufacturing is one of Florida’s leading industries and a key driver of job growth and economic strength, contributing more than $80 billion to Florida’s annual GDP.
For more than 60 years, Florida’s Space Coast—anchored by Kennedy Space Center (KSC) and Cape Canaveral Space Force Station (CCSFS)—has served as a premier gateway to space, driving tourism, high-tech jobs, and statewide economic output. After major federal program shifts in the 2010s led to significant regional job losses, Florida’s modern commercial-space resurgence—supported by Space Florida’s strategy to diversify the supply chain, modernize infrastructure, and attract private capital—has positioned the Space Coast to lead the next era of aerospace growth.
Construction is a cornerstone of Florida’s economy, contributing $97 billion (5.7 percent) to the state’s GDP in 2024. However, rising material costs are presenting significant challenges to the industry, impacting everything from large-scale infrastructure projects to residential home building and affordability for Florida taxpayers. This report from Florida TaxWatch examines the national and statewide trends driving these price increases and their potential consequences.
The 2023 MakeMore Manufacturing Summit Report delves into the significance of digital transformation in Florida’s manufacturing sector. It provides a comprehensive overview of current challenges, opportunities, and advancements within the industry, with a particular focus on the adoption of new technologies for enhanced value and profitability. Tailored for policymakers, industry stakeholders, and interested parties, the report highlights the summit’s collaborative efforts to drive economic growth and job creation in Florida. It serves as a crucial resource for understanding the future direction of manufacturing in the state and underscores the importance of innovation and technology in maintaining competitive edge and fostering a robust manufacturing ecosystem.
Well-balanced labor market dynamics support employers by moderating wage inflation and ensuring a competitive pool of high-quality candidates is available.
FloridaMakes is the manufacturing extension partnership for the state of Florida. FloridaMakes is managed by the National Institute of Standards and Technology, an agency of the U.S. Department of Commerce, and delivers business growth, talent development, and technology adoption services to manufacturers through regional manufacturers’ associations.
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