Industrial employment in Rhode Island declined 2.2% over the past year according to the 2013 Rhode Island Manufacturers Register, an industrial directory published annually by Manufacturers' News, Inc. (MNI) Evanston, IL. MNI reports Rhode Island manufacturers saw a loss of 1,325 jobs between December 2011 and December 2012.
However, the state's educated workforce and access to capital continue to be a draw for new business.
The industrial directory reports Rhode Island is now home to 1,792 manufacturing companies employing 58,197 workers.
Manufacturers in Rhode Island have yet to fully recover from the recession, and high taxes combined with uncertainty over the state's massive debt burden has put a damper on hiring, says Tom Dubin, President of the Evanston, IL-based publishing company, which has been surveying industry since 1912. However, the state's educated workforce and access to capital continue to be a draw for new business.
According to Manufacturers' News, industrial machinery and equipment accounts for the most manufacturing employment in the state with 6,066 jobs, virtually unchanged over the year. Second-ranked fabricated metal products accounts for 5,973 manufacturing jobs, down 4.8% after the closure of Stanley Bostitch in East Greenwich, among others. Employment in instruments/related products remained steady over the year with the third-ranked sector accounting for 4,424 industrial jobs.
Industrial sectors reporting losses over the year included lumber/wood, down 12.5%; jewelry manufacturing, down 7.4%; paper products, down 6.3%; printing/publishing, down 6.1%; furniture/fixtures, down 4.9%, and primary metals, down 3.7%, following the closure of John Crane Inc. in Cranston, among others. Employment remained steady in chemicals; electronics; stone/clay/glass; and transportation equipment, while textiles/apparel posted a 9.1% increase.
Bright spots for the state included the expansion of Italian cured meats maker Daniele Foods, which invested in a new facility in Burrillville and doubled production. In addition, Biomedical Structures expanded its biomedical textiles factory in Warwick, and Alexion Pharmaceuticals continues to expand its plant in Smithfield.
According to the industrial directory, Providence remains the state's top city for industrial employment, with 263 manufacturing companies employing 8,405 workers, down 4.2% over the past twelve months. Second-ranked Pawtucket accounts for 6,885 jobs, down 3.1%. Industrial employment in Cranston remained steady over the year, with the third-ranked city now home to 5,036 jobs. North Kingstown saw a 1% decrease in manufacturing employment, and is home to 4,965 jobs, while fifth-ranked Warwick accounts for 4,755 jobs, up 2.7%.
Detailed profiles of Rhode Island's 1,792 manufacturing companies can be found in the 2013 Rhode Island Manufacturers Register available in print for $87, or available online through MNI's industrial database subscription service. Users may generate custom profiles of manufacturers using a variety of criteria, including region, SIC, sales volume, number of employees, and more. Each business profile provides up to 30 facts, including vital contact information, 5,924 executives by name and title, product(s) manufactured, and more.
Manufacturers' News, Inc. is the nation's oldest and largest publisher of state industrial directories and manufacturers databases. For 101 years the company has identified, researched and profiled manufacturing companies. MNI employs an 85-person editorial staff to scour business registrations, trade journals, financial reports, and many other sources to pinpoint every manufacturing establishment in the U.S. Each manufacturer is contacted throughout the year to update their profiles, including their employee counts. For more information, contact Manufacturers' News, Inc., 1633 Central St., Evanston, IL, 60201, 847-864-7000, http://www.manufacturersnews.com.
SUBSCRIBE TO MFRTech.COM TODAY, CUSTOMIZE YOUR NEWS, RECEIVE BY EMAIL (CLICK HERE)
For a Complete Version of this BUSINESS WIRE Press Release