Fabricated Metal Study Released
econdev@nppd.com 5/17/2010
New Fabricated Metal Products Study now available online comparing Nebraska to 15 alternative states. Nebraska's annual labor and energy costs for the model plant are $202,600, or 7.2 percent less than the average costs for the 15 alternative states...
 |
(May 2010) Generally applies to NAICS 332, Fabricated Metal Product Manufacturing subsector, Approx. 42 pages. Updated May 2010! Model Plant Size: 50 production workers, NAICS 332 Study Size: 16 states. Besides Nebraska, these states include the top seven states in terms of value added by the Fabricated Metal Product Manufacturing subsector, the eight states with the highest potential for wind power generation (Nebraska ranks 3rd), and other states near Nebraska with which it typically competes for industrial location projects. |
Advantages: Compared to the 15 alternative states, Nebraska is found to offer an annual savings of $169,000 in labor-related costs, which is 6.7 percent less than the average labor costs for the other states.
This study also concludes that a Nebraska plant location offers a significant energy cost advantage. Industrial electric rates in the alternative states average 17.2 percent higher, and the average industrial gas rate is 10.2 percent more. Combining these advantages, Nebraska's energy cost for the model plant is 13.8 percent lower than the average for the other 15 alternative locations.
Together, Nebraska's annual labor and energy costs for the model plant are $202,600, or 7.2 percent less than the average costs for the 15 alternative states. Conversely, the average labor and energy costs in the other states are 7.8 percent more than the Nebraska labor and energy costs.
- Download your complete copy today -
Fabricated Metal Products Study (PDF, 938 KB)
- Request a bound copy by emailing econdev@nppd.com
- Subscribe to online announcements for future studies and additional economic development information using the Library Request Form
To view other Nebraska articles, please visit the online version of the Nebraska Industrial Overview.
Nebraska Public Power District’s economic development consultants are available to assist with your confidential project needs. Call (800) 282-6773, Ext. 5534, or email econdev@nppd.com.
