Industry Cluster Analysis Tool
The Industry Cluster Analysis Tool offers economic development councils (ECMs) of all sizes an interactive tool for analyzing data, observing trends and creating bespoke strategies for spurring the precise economic growth metrics you want for your community. Identify opportunities to grow existing industries or foster new development!
An Interactive Dashboard...
Not a Static PDF
Many site selection consultants charge tens of thousands of dollars to create static PDF reports that don’t offer ECMs the ability to manipulate inputs and consider all your options. The Industry Cluster Analysis Tool is the first offering that provides robust, proprietary data along with the flexibility to adjust metrics and conduct scenario-based research on the fly.
Your Region
The Industry Cluster Analysis Tool uses your region’s data to tailor your research to your location, not nationwide trends.
Your Industries
Highly specified industry categorization – from “Military” to “Cookie and Cracker Manufacturing” – allow hyper-detailed planning.
Your Goals
Don’t just grow; grow in the way that makes sense for your community by adjusting key metrics to meet your goals.
Adjust four key metrics to find the ideal growth plan, fit to your region's data.
1. Job Growth
Looking to creating as many jobs as possible in your community? Put extra weight on the “Job Growth” metric and identify region-specific industries that have the most growth momentum…or lack thereof.
2. Average Earnings
If you’re focused on creating more high-income jobs, “Average Earnings” details what industries, and specific jobs within those industries, will provide the most earning bang for your buck.
3. GRP Percentile
GRP, or “Gross Regional Product,” represents the total value of goods and services produced in a region, providing important insights into what industries are already fueling your local economy.
4. Specialization
This metric measures how concentrated industries are to your region as compared to the national average, providing a basis for sustaining a competitive edge.
Dive deeper into regional employment data.
The Industry Cluster Analysis Tool also provides in-depth breakdowns of regional employment, at both the industry level and job level within industries. Access precise insights into:
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Total employment by industry (past and projected)
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Average earnings by industry
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Employment concentration (past and projected)
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Age demographics by industry
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Industry Gross Regional Product (GRP)
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Industry staffing patterns, with precise age demographics and wages by specific position
