The Green Bay Innovation Group would like to thank ALL our CONSTRUCTION COMPANIES for their Sponsorship and Support: Boldt, CR Meyer, Hoffman Construction, Hurckman Mechanical Industries, Keller Inc., Miron Construction, IMMEL, SMET Construction Services, and Alliance Construction.
We recognize their impact not just in Wisconsin but across the USA. The Boldt Company is the 14th largest Construction Company reaching $5 Billion and Miron Construction Company reaching $1.76 Billion at the 28th spot based upon a report from Building Design & Construction. Wisconsin has a large concentration of Construction Companies located in Northeastern Wisconsin!
The construction industry drives growth and provides high paying jobs producing $20.8 billion in annualized nominal GDG Q3 2024 accounting for 4.6% of the total state GDP. Employment in industry increased 2.8% to 142,000 in December 2024. With the average annual wages in the industry at $76, 391.
The economic impact of the Construction Industry has the following multiplier effects within the State of Wisconsin.
- Every $1 spent directly within the Construction Industry produces an overall economic impact of approximately $1.82.
- Every $1 million spent within the Construction industry supports approximately ten jobs on the average over the year across the State of Wisconsin. The jobs require emphasis on Engineering and the Technical Trades supporting our Educational System!
- Approximately $82,000 in labor income is generated per job created.
We are witnessing tremendous growth in the Food, Packaging, Flexible Packaging, Plastics, Corrugated, and the Converting Industries. Wisconsin is a leader in the USA in all these categories.
The Green Bay Innovation Group is putting together accurate information, databases, and reports to provide a better understanding of the impact of these sectors of the Wisconsin Economy. Our goal is to provide support and help companies make better decisions, find new business opportunities for their companies in the 5P and Converting Industries!
The Green Bay Innovation Group is a Business-to-Business Non-Profit Foundation. Go to: www.greenbayinnovationgroup.com/events – Membership to become a Members!
