San Antonio manufacturing industry boom
Transportation, equipment and fabricated metals production have exploded in the San Antonio area in recent years, pushing manufacturing’s local economic impact to $40.5 billion in 2016.
That's according to a new economic impact study the San Antonio Manufacturers Association (SAMA) and the San Antonio Economic Development Foundation.
The study also found that local manufacturing jobs on average pay 23% better than non-manufacturing jobs our area ($57,507 vs. $46,891).
Transportation manufacturing jobs pay the best in San Antonio, averaging more than $68,000 a year. Workers in the materials and electricity and equipment and metal products sectors average about $60,000 a year. Diversified products manufacturing, dominated by the food and beverage sector, pays less but still close to the overall average San Antonio annual salary of just under $47,000.
“The clearly thriving and robust local manufacturing industry is the result of visionary collaboration between many allied organizations,” said SAMA president and CEO Rey Chavez. “Hard work over many years, always with an eye to the future, is why we’re seeing wages grow, the rapid acceleration of advanced, tech-driven manufacturing, and the resilience of an industry that has been a major economic engine for 300 years in San Antonio.”
For more on the study, watch the clip above.
Alamo Group, Bexar County, the City of San Antonio Economic Development Department and the City of Schertz Economic Development Corporation sponsored the research.