Manufacturing impact tops $40 billion

An employee at the Toyota Motor Manufacturing Texas Inc. plant in San Antonio works on the assembly line. The plant makes Tacoma and Tundra pickup trucks. A new study by Trinity University concludes that manufacturing had a $40.5 billion economic impact on San Antonio and surrounding communities in 2016.

SAN ANTONIO – The region’s manufacturing sector had an overall economic impact of $40.5 billion in 2016, according to a new study released by Trinity University.

The San Antonio Manufacturers Association (SAMA) commissioned the study, along with several other organizations.

With 1,544 companies considered manufacturers in San Antonio, the sector employed 51,904 people in 2016 with an average salary of $57,507; it paid nearly $3 billion in wages and salaries.

The transportation sector was the largest employer, accounting for nearly one-third of manufacturing workers—followed by equipment and metal products, diversified products, and materials and electricity.

Source: San Antonio Business Journal

Check out more San Antonio-New Braunfels Industrial Market Research.

Area: San Antonio-New Braunfels