Industry Analyses

Industry analyses answer questions such as:

• What are the region’s key industries and are they growing or shrinking?
• What is the underlying structure of the local economy (categorized by industry codes)?
• What are the larger regional trends and how are they affecting the specific geography?
• Which local industries appear to be in the strongest competitive position for growth and expansion?
• What are specific industry trends in the region, and how are the sectors different from decades past?

An industry analysis can lead to the identification of a geography's economic base industries, essentially the drivers of the local economy.  We can also carry out a competitive assessment of the industries to identify who may be gaining or losing competitive advantage.  This exercise can lead to the determination of which industries are a good fit for an area and the basis for development of a “targeted industry” list across a broad spectrum of industries as a way to generate logical and likely economic development markets for the town.

A selection of clients include:

• Town of Branford
• Northwest Regional Workforce Investment Board
• Town of Berlin
• Town of Cheshire
• Town of Simsbury
• Town of Vernon