Clusters are one of the hottest topics in economic and workforce development. The concept of industry cluster analysis, however, can be somewhat ambiguous. This document walks through the industry and industry cluster gap analysis reports available in EMSI’s Strategic Advantage (specifically the Economic Impact module). These tools allow economic development professionals to identify “missing links” in a regional economy so that they can target recruitment efforts on businesses that will complement existing industries and clusters, thus maximizing return on investment.
Read the full document (PDF): Introduction to the Industry and Cluster Gap Analysis Tools in Strategic Advantage