Starting November 1, EMSI’s Strategic Advantage will provide users with instant access to industry cluster definitions created by Christine Nolan and Purdue University’s Center for Regional Development. The definitions are lists of standard NAICS codes, which categorize hundreds of types of business activity. Purdue’s CRD is nationally recognized for its work on regional clusters, including its recent report Unlocking Rural Competitiveness: The Role of Regional Clusters, prepared for the U.S. Department of Commerce’s Economic Development Administration.
The new Purdue clusters will be much more detailed and comprehensive than the current cluster definitions that are built into the tool. And as always, users will be able to customize the built-in clusters and define industry clusters of their own. EMSI’s Strategic Advantage uses the cluster framework to organize its detailed and comprehensive industry data, employment forecasts, and input-output model scenarios, as well as analyze cluster workforce and skill requirements.
Since the current built-in cluster definitions in Strategic Advantage will be removed in the upgrade, EMSI advises all users who are working with clusters to wrap up their current projects or contact EMSI to keep the old cluster definitions in their individual accounts.
If you have any questions or comments regarding this upgrade, please contact EMSI Customer Solutions at 866.999.3674.