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The manufacturing industry remains the elusive powerhouse of the Central Massachusetts economy.
When measured strictly by economic output, no industry is more important to the region than manufacturing. It generates about $6.5 billion in annual gross domestic product, representing about 14% of the region’s total GDP and just eking out the real estate industry (13.5%) as the biggest contributor to the Central Massachusetts economy, according to the U.S. Bureau of Economic Analysis.
Yet, when compared to higher-profile industries like health care and higher education, manufacturing is often pushed into the background. Sure, certain subsectors like life sciences, cannabis, and breweries get a lot of attention, but the companies comprising the backbone of local manufacturing rarely get the attention they deserve.
This is the main reason WBJ launched the Manufacturing Excellence Awards back in 2016, to shine the spotlight on companies making a difference and breaking new ground. Over the past 10 years, WBJ has honored manufacturers and their executives more than 70 times with awards ranging from overall excellence to workforce development to product innovation.
If you want the chance to meet all these amazing leaders, I invite you to the Central Mass Manufacturing Summit & Awards the afternoon of April 22 at the College of the Holy Cross in Worcester, which will feature thought-provoking insight from industry experts, on top of the awards ceremony. You can register here. I hope to see you there.
- Brad Kane, editor
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SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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