Innovation and manufacturing work hand in hand. An innovation ecosystem has many interrelated elements—entrepreneurs, skilled workers, tax policies, to name a few. But without manufacturing, the economic magic of innovation is not nearly as potent and its benefits to the nation are not nearly as great.
- Manufacturing jobs pay 9 percent more in wages and benefits than jobs in the overall economy, and 21 percent more than service jobs.
- The manufacturing sector is an important source of U.S. innovation, accounting for about 70 percent of U.S. industry R&D.
- Manufacturers employ 53.5 percent of R&D workers in U.S. industry.
- Without a strong manufacturing base, U.S. industry jeopardizes its ability to seize the "first mover" advantage in the marketplace.
- U.S. manufacturers produce almost 18 percent (UN data for 2008) of global manufacturing output.
- Most U.S. export trade (60 percent) is in manufactured products—totaling $1.1 trillion in 2010.
- An innovative and secure domestic manufacturing base is critical to national security.
- Save for the category of software and Internet-related services, the world's most R&D-intensive industries are in the manufacturing sector—led by health care, computing and electronics, and aerospace and defense. (Booz & Co., 2009)
- NIST's Contributions to Manufacturing
- Overcoming Barriers to Innovation
- Pushing the Envelope
- MEP: Sustaining and Growing America's Manufacturing Base