Economy of Marinette WI

Marinette, Wisconsin, has a diverse economy supported by several key industries and sectors. Some factors that drive the economy of Marinette include:

  1. Manufacturing: Manufacturing plays a significant role in the economy of Marinette. The city is home to several manufacturing companies, particularly in industries such as paper production, shipbuilding, metal fabrication, and machinery manufacturing. The presence of companies like Fincantieri Marinette Marine, which builds naval vessels, contributes to the local economy and provides employment opportunities.
  2. Maritime Industry: Given its location along the Menominee River and proximity to the Great Lakes, Marinette has a strong maritime industry. Shipbuilding and marine-related activities, including ship repair, boat manufacturing, and marine engineering services, drive economic growth in the region. Fincantieri Marinette Marine, a major shipbuilder in the area, is a key player in the maritime industry.
  3. Forestry and Paper Products: The forestry sector, including logging and wood products manufacturing, is another important component of Marinette’s economy. Paper mills and wood processing facilities contribute to the local economy, providing jobs and supporting related industries in the region.
  4. Healthcare and Education: Marinette is home to healthcare facilities, educational institutions, and related services that contribute to the local economy. Bay Area Medical Center and the University of Wisconsin-Marinette are significant employers and play a vital role in providing healthcare services and educational opportunities to residents.
  5. Tourism and Recreation: Marinette’s proximity to natural attractions such as the Menominee River, Lake Michigan, state parks, and recreational areas enhances its tourism industry. Outdoor activities, water sports, camping, fishing, and hiking attract visitors, supporting local businesses in the hospitality, retail, and tourism sectors.
  6. Small Businesses and Retail: The presence of local small businesses, retail stores, restaurants, and service providers contributes to the economic vibrancy of Marinette. These establishments cater to the needs of residents and visitors, creating a diverse business landscape.
  7. Transportation and Logistics: Marinette’s strategic location along major transportation routes, including highways and waterways, facilitates transportation and logistics activities. This connectivity supports the movement of goods and services, benefiting local businesses and industries.

By leveraging its diverse economic base and key industries, Marinette continues to sustain economic growth, job creation, and community development. The collaborative efforts of businesses, stakeholders, and local government contribute to the resilience and prosperity of Marinette’s economy.