Site Selection Group, a leading location advisory and economic incentives firm, researched site selection trends for manufacturing projects announced in the first half of 2020. According to Conway Analytics, although there were fewer announced manufacturing projects from the first half of 2020 compared to the same period in 2019, these announcements had a higher average job creation and capital investment per project. At 157 employees, the average number of jobs created per project was up 12.4% from 2019. Capital investment per project announcement also increased, with an average of approximately $128 million compared to an average of $80 million from the previous year.
Comparing 2020 with 2019
Despite the overall decrease in project activity, job creation followed roughly the same distribution as the previous year, with a sizeable proportion of projects falling into the mid-size range.
Manufacturing Project Announcements by Job Creation brought to you by Cooperative Energy’s economic development team. Cooperative Energy is Singing River Electric’s energy provider located in Hattiesburg, Mississippi.