Industry & Economics
Economic Statistics (from 2016)
Estimated Household Income (from 2016)
occupations
industry
Salem Area Chamber of Commerce
713 East State Street
Salem, Ohio 44460
(330) 337-3473
Prominent Area Manufacturing Companies
713 East State Street
Salem, Ohio 44460
(330) 337-3473
Prominent Area Manufacturing Companies
- American Standard
- Fresh Mark
- Firestone Sheet Metal
- Butech Bliss
- Haltec Corporation
- Hunt Valve Company
- CMI EFCO (Electric Furnace), CMI Industry Americas
strengths/weaknesses
Strengths
Salem’s economy and industry excel in the area of manufacturing. Manufacturing is the largest industry for Salem’s male population, and the third largest industry for their female population. Salem has been a center for manufacturing since the city’s founding. Their products range from ham, bacon, and hydraulic valves, to labeling equipment, electric furnaces, and molded plastics.
Weaknesses
Even though they are strong in their manufacturing, Salem does have economic and industrial weaknesses. Their unemployment rate is well above the national average. They have also had a decrease in recent job growth in the past year. Their income per capita, median household income, and median family income are all significantly lower than the US average as well. And the majority of estimated household incomes are less than $15k.
Salem’s economy and industry excel in the area of manufacturing. Manufacturing is the largest industry for Salem’s male population, and the third largest industry for their female population. Salem has been a center for manufacturing since the city’s founding. Their products range from ham, bacon, and hydraulic valves, to labeling equipment, electric furnaces, and molded plastics.
Weaknesses
Even though they are strong in their manufacturing, Salem does have economic and industrial weaknesses. Their unemployment rate is well above the national average. They have also had a decrease in recent job growth in the past year. Their income per capita, median household income, and median family income are all significantly lower than the US average as well. And the majority of estimated household incomes are less than $15k.
references
http://www.salemohiochamber.org/directory.php?cat=manufacturing
http://www.bestplaces.net/economy/city/ohio/salem
http://www.city-data.com/city/Salem-Ohio.html
http://www.bestplaces.net/economy/city/ohio/salem
http://www.city-data.com/city/Salem-Ohio.html