REwatch the 2024 iowa Manufacturing Forecast
2024 IOWA Manufacturing Forecast
Iowa’s economy is resilient, but challenges remain over labor shortages, ongoing high interest rates, elevated prices and moderating economic growth. Some manufacturers in the state have started reporting layoffs. During its Manufacturing Forecast, the Business Record will discuss how manufacturing and Iowa’s economy are faring and look ahead to 2025. A panel of leaders from the manufacturing sector will discuss how companies are coping with these challenges, the effects on capital investment decisions and strategies to find and retain skilled workers. We will also discuss how companies are planning as economists forecast fewer interest rate cuts in 2024 than originally projected.
PANELISTS
Heather Bruce, president & CEO, Osmundson Mfg. Co.
Luke Mohrhauser, managing partner, McKee, Voorheese & Sease
Tom Root, associate professor, Drake University
Lori Schaefer-Weaton, president, Agri-Industrial Plastics Company
A LETTER FROM THE GOVERNOR
Made in Iowa gives us the opportunity to celebrate the more than 6,000 manufacturing companies powering our state’s advanced manufacturing industry. It is our No. 1 business sector, contributing about $31 billion to the state economy annually or 18 percent of Iowa’s gross domestic product. These impressive numbers place us seventh in the nation for manufacturing GDP!
MANUFACTURING Forecast
“Iowa manufacturers for the most part aren’t carrying a lot of debt. They were in a pretty good cash position, and they didn’t have a lot of inventory, which now is sort of a double-edged sword. But they’re in a position to pick up pretty well, and boy, most of the manufacturers that I talk to feel like the future is pretty bright.”
Mike Ralston | President ABI / Read Full Article
IOWA’S ABI MANUFACTURING MEMBERS
Check out our interactive map of ABI member manufacturing companies. Click the icons to learn about each company. Click the yellow wrench icons to learn about specific products made right here in Iowa.
Partnerships
Made in Iowa is presented by the Iowa Association of Business and Industry. And thank you to our partners who helped make Made in Iowa possible, including the Iowa Association of Community College Trustees, the Iowa Economic Development Authority and Elevate Iowa, and to our distribution partners CIRAS and Home Base Iowa.
