Economy & Economic Development  August 25, 2015

Manufacturing drives Broomfield’s economy

Jennifer Kerr

Manufacturing has been and continues to be the backbone of economic productivity in the United States. According to the Bureau of Economic Analysis, manufacturing has a larger multiplier effect than any other major economic activity. One dollar spent in manufacturing generates $1.35 in additional economic activity. Also, jobs in manufacturing actually translate into additional jobs in other parts of the economy.

On average, one new manufacturing job produces 1.6 additional jobs in local service businesses, according to the Research Institute of Industrial Economics.…

Related Posts

Sign up for BizWest Daily Alerts