Employment
10,831
Total employees (Census CBP)
Manufacturing ·NAICS 321211
NAICS 321211 · IRS SOI (C corp) · Census CBP 2023
Hardwood Veneer and Plywood Manufacturing - Industry Benchmarks
$52,511/yr average annual pay, with 24 SBA loans on record for NAICS 321211.
- 201
- Establishments
- 11K
- Workers employed
- $52,511/yr
- Avg payroll / employee
- $29M
- SBA lending, FY20–26
Data updated August 2026
The verdict · NAICS 321211
Indiana leads Hardwood Veneer and Plywood Manufacturing activity nationally, across 201 establishments employing 11K workers. IRS SOI doesn't publish margin data at this NAICS level.
- 201
- Business establishments (Census)
- 11K
- Workers employed (Census CBP)
- $52,511/yr
- Avg payroll / employee
- $29M
- SBA lending, FY20–26
Use Hardwood Veneer and Plywood Manufacturing's NAICS benchmark as a comparison point, not a forecast for one business.
Hardwood Veneer and Plywood Manufacturing is reported here with financial measures from IRS Statistics of Income and workforce measures from Census County Business Patterns. The page keeps those source systems distinct, shows unavailable fields rather than estimating them, and links the underlying industry context so readers can compare the same NAICS activity before interpreting a margin or payroll figure.
Source: IRS SOI (C corporation headline) and Census County Business Patterns 2023
Benchmarking Insights for Hardwood Veneer and Plywood Manufacturing
Hardwood Veneer and Plywood Manufacturing sits inside Manufacturing.
201 establishments employ 10,831 workers (53.9/location) at $52,511/yr average annual pay. Indiana leads employment, followed by Wisconsin and Michigan.
Hardwood Veneer and Plywood Manufacturing sits in the 17th percentile for employment among 6-digit NAICS industries with reported data.
Avg Payroll / Employee
$52,511/yr
Annual compensation
Establishments
201
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 771; establishment count decreased by 6. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Subscribe to this industry's release updates (RSS)Workforce scale
Financial Detail
- Annual Payroll (Total)
- $568.8M
- Avg Employees per Establishment
- 53.9
Top States by Employment
| State | Employment |
|---|---|
| Indiana | 1,977 |
| Wisconsin | 866 |
| Michigan | 744 |
| Virginia | 488 |
| Ohio | 419 |
| Minnesota | 285 |
| Mississippi | 224 |
| Illinois | 29 |
Showing top 10 of 19 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
24
Total Loan Volume
$29M
Avg Loan Size
$1210K
Jobs Supported
257
Program Breakdown
7(a) 21 (88%)
504 3 (12%)
Top SBA Lender
Truist Bank
2 loans in this industry
New Business Share
8.3% of borrowers were new/startup businesses
Annual Lending Trend (6 yrs)
2020 1
2021 4
2022 3
2023 1
2024 5
2025 10
Frequently Asked Questions
How many businesses are in Hardwood Veneer and Plywood Manufacturing?
201 business establishments. Together they employ 10,831 workers.
What is the average payroll per employee in Hardwood Veneer and Plywood Manufacturing?
$52,511/yr average annual pay per employee. Businesses average 53.9 employees per establishment.
Which states have the most Hardwood Veneer and Plywood Manufacturing employment?
Indiana leads with 1,977 workers. Wisconsin (866) and Michigan (744) round out the top three.
How much SBA lending does Hardwood Veneer and Plywood Manufacturing receive?
Hardwood Veneer and Plywood Manufacturing businesses received 24 SBA loans totaling $29 million between FY2020 and FY2026. The average loan size was $1210K. These loans supported 257 jobs at origination. Most lending (88%) came through the SBA 7(a) program.
Nationwide industries with similar benchmark drivers
Two IRS/Census peer sets for Hardwood Veneer and Plywood Manufacturing, both at NAICS level 6 and excluding this code so the neighborhoods are not self-links.
According to Census County Business Patterns 2023, Hardwood Veneer and Plywood Manufacturing ranks #667 of 801 U.S. industries at the 6-digit NAICS level by total employment.
Similar workforce scale
Nearest peer industries by ABS(Census employment) (10,831 here).
Read with this industry: Industry employment trends · Manufacturing · Rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 321211 · CBP 2023 · IRS SOI
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.