2023 Manufacturing Report

INDUSTRY Motor vehicle-related stamping, plastic product manufacturing and office furniture manufacturing represent the top three most prevalent industries in Greater Grand Rapids. These three industries comprise more than 12,000 jobs – or 15% - of total manufacturing employment in the eight-county region covered by The Right Place.

Top Ten Industries by Jobs 2023

Motor Vehicle Metal Stamping

4,693

Office Furniture (Except Wood) Manufacturing All Other Plastics Product Manufacturing

3,944

3,550

Special Die and Tool, Die Set, Jig, and Fixture Manufacturing

2,425

Motor Vehicle Body Manufacturing Other Motor Vehicle Parts Manufacturing

2,178 2,146 2,143

Machine Shops

2,002

Conveyor and Conveying Equipment Manufacturing

Commercial Bakeries

1,890

Soap and Other Detergent Manufacturing

1,777

0

1,000

2,000

3,000

4,000

5,000

Source: Lightcast

GROSS REGIONAL PRODUCT (GRP) In 2022, manufacturing GRP accounted for 21.1% of the total economy, a slight uptick from the 20.8% it comprised a year prior. Manufacturing GRP has slipped lower in recent years compared to 2013 ( 23.4% ) however, companies are more productive than ever, generating more than $12.6 billion . Year-over-year GRP growth in Greater Grand Rapids has lagged slightly behind national and state numbers since 2020. However, from 2021 to 2022, Greater Grand Rapids outpaced both state and national manufacturing GRP growth, increasing nearly 13% .

Manufacturing Gross Regional Product

GGR

MI

US

15%

10%

5%

0%

-5%

-10%

-15%

2014

2015

2016

2017

2018

2019

2020

2021

2022

$ 8.86B

43% Growth

$ 12.63B

Greater Grand Rapids Gross Regional Product

Greater Grand Rapids Gross Regional Product

Source: Lightcast

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