The terms and definitions differ, but pretty much every state and region has a set of industry groups that dictate new policies, initiatives, and research. For economic developers, these clusters or ecosystems are vital to retaining and attracting businesses.
Driver industries are those that play a key role in the economic vitality of a region by supplying quality, often high-paying jobs while also supporting job growth in other industries. These industries function as the primary engines for economic growth and stability because they export products and services and import vital dollars. Those dollars then circulate […]
In this best practice, Kim Frazier and John Owen of the Dayton Development Coalition delve into how they perform some of the most challenging components that EDCs encounter with regional economic analysis.