At a signing ceremony this morning at the GE Aviation plant in Wilmington, Governor Pat McCrory proclaimed September 28 through October 2 “Manufacturing Week.” GE Aviation develops and produces the world’s most advanced composite components for jet engines and the company is continuing to expand operations in its various facilities across North Carolina.
Manufacturing is North Carolina’s largest industry sector, comprising slightly more than $88 billion of our state’s gross domestic product, about 20 percent. North Carolina ranks first among southeastern states for manufacturing jobs and is home to 10,328 manufacturing establishments employing 448,623 workers.
Our growing manufacturing sector has helped propel North Carolina to the top of Site Selection Magazine‘s list of most competitive states for new plants: we are now number one among the Top 10 Competitive States of 2014, rising from fifth in last year’s ranking, and unseating top-finisher Georgia, which dropped to No. 10 in the latest list.
And manufacturing “is just one aspect of North Carolina’s economy,” Tweeted the Governor this morning from the signing ceremony. “Our efforts have produced results: adding more than 237,000 private sector jobs since 2013. North Carolina has added jobs at the ninth fastest rate in the U.S., and we are growing at a rate more than double the national average.”
Site Selection’s ranking, according to the magazine, reflects North Carolina’s success in attracting new facilities and expansions that meet one or more of these criteria: a minimum $1 million capital investment, creation of 20 or more new jobs or new construction of 20,000 or more square feet.