The following is an excerpt from a recently released Teal Group study analyzing regional aerospace industry competitiveness across the U.S. For the full report please click here.
AEROSPACE COMPETITIVE ECONOMICS STUDY
Based on the research conducted for this study, the states of Washington, Ohio, North Carolina, Kansas and Colorado offer the most competitive business environments for the manufacture of aerospace equipment. These states ranked high in a number of the evaluation categories and corresponding metrics.
Washington scored extremely well across all categories and was a top ten finisher in all but one. It ranked first in two categories: Economy and Industry, while finishing second in Labor & Education and Costs. It was ranked number five in Risk to Operations, Research & Innovation and Taxes & Incentives. Infrastructure was the only category where Washington fell outside the top ten.
Ohio had the second highest overall rank, with significant separation between it and the state of Washington. Demonstrating the substantial gap between first and second, Ohio finished in the top ten in only two categories, Labor & Education and Industry. It did finish in the second ten in a number of categories, thereby reinforcing its overall strong showing. These categories included: Economy, Risk to Operations, Infrastructure, Costs, and Taxes & Incentives.