2017 Analysis of Favorable States for Aerospace Manufacturing
The long-term forecast for the aerospace and defense industry looks bright, with the industry having reported a notable increase in both revenues and profits for 2016. Air passenger travel is exceeding expectations and there is demand for increases in aircraft, engine and parts manufacturing. As aerospace companies continue to expand, they will be looking to invest in certain regions.
Newcomers to this year’s top 10 include North Carolina, Virginia, Colorado, and New York. North Carolina leaped 14 spots from last year to number four, due to its strong scores in economy and industry, as well as boasting the lowest corporate income tax rate in the U.S. Virginia ranked high in labor due to its supply of skilled workers and higher education institutions. New York was helped by its position as a global economic center.