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Regional Data Snapshot

Regional Data Snapshot. Target Industry Clusters SET Session 2 Northeast Region, Arkansas. 01 02. Table of contents. O v e r v i e w. Target Industry Clusters. 03. Industry Cluster Comparison. 01 overview. Clay Craighead Greene Lawrence Poinsett Randolph.

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Regional Data Snapshot

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  1. Regional DataSnapshot Target Industry Clusters SET Session 2 Northeast Region, Arkansas

  2. 0102 Table ofcontents Overview Target IndustryClusters 03 Industry ClusterComparison

  3. 01overview • Clay • Craighead • Greene • Lawrence • Poinsett • Randolph

  4. Northeast AR Economic Development Association Overview • The Northeast Arkansas Economic Development Association is comprised of 6 Arkansas counties. The region does not have an interstate, but I-55 passes near southeast of Poinsett County. The region is served by various U.S. Highways including U-49, U-62, U-63, and U-67. Major railroads include BNSF and UP. Black River is the major navigable waterway in the region. • Clay • Craighead • Greene • Lawrence • Poinsett • Randolph section 01

  5. 02 • Agribusiness • Chemicals • Machinery Manufacturing • Business and Finance • Information Technology and Telecommunications target industry clusters

  6. Regional JobGrowth:Three Key Components of the Shift-ShareAnalysis Expected Change The sum of the industrial mix and the national growth effects Explains how much of the regional industry’s growth is explained by the overall growth of the national economy National Growth Effect Share of regional industry growth explained by the growth of the specific industry sector at the national level Industrial Mix Effect Note: The calculations ensure no double counting of job change effects from national to regional levels Explains how much of the change in a given industry is due to some unique competitive advantage that the region possesses Regional Competitive Effect section02 Source: EMSI Website,http://www.economicmodeling.com/2011/12/05/understanding-shift-share-2/

  7. Shift-Share Analysis (Regional Performance) by Top IndustrySectorsAgribusiness, Food Processing and Technology Note: Upward arrow ( ) indicates regional competitiveness. section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 7

  8. Agribusiness, Food Processing and Technology Shift-ShareAnalysis Industriesthat Outperformed Industries thatUnderperformed • Animal Production • Poultry Processing • Postharvest Crop Activities (except Cotton Ginning) • Crop Production • Rice Milling • Frozen Specialty Food Manufacturing • Grain and Field Bean Merchant Wholesalers • Farm Supplies Merchant Wholesalers • Farm Management Services • Breakfast Cereal Manufacturing • Other Snack Food Manufacturing • Farm Labor Contractors and Crew Leaders • Cotton Ginning • Soil Preparation, Planting, and Cultivating • Farm and Garden Machinery and Equipment Merchant Wholesalers section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 8

  9. Top IndustrySectorsAgribusiness, Food Processing and Technology Note: Sorted similarly as the shift-share analysisslide. section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 9

  10. Agribusiness, Food Processing and Technology Top 15 Inputs byDollars section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors).

  11. Agribusiness, Food Processing and Technology Top 15 Inputs byDollars section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors).

  12. TopOccupationsAgribusiness, Food Processing and Technology section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 12

  13. Shift-Share Analysis (Regional Performance) by Top IndustrySectorsChemicals Note: Upward arrow ( ) indicates regional competitiveness. section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 13

  14. Chemicals Shift-ShareAnalysis Industriesthat Outperformed Industries thatUnderperformed • Plastics Packaging Film and Sheet (including Laminated) Manufacturing • Toilet Preparation Manufacturing • Pharmaceutical Preparation Manufacturing • Other Chemical and Allied Products Merchant Wholesalers • Nitrogenous Fertilizer Manufacturing • Rubber Product Manufacturing for Mechanical Use • Glass Container Manufacturing • Concrete Block and Brick Manufacturing • Clay Building Material and Refractories Manufacturing • Other Concrete Product Manufacturing • Rubber and Plastics Hoses and Belting Manufacturing • Ready-Mix Concrete Manufacturing • Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) • Petroleum Bulk Stations and Terminals • All Other Plastics Product Manufacturing section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 14

  15. Top IndustrySectorsChemicals Note: Sorted similarly as the shift-share analysisslide. section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 15

  16. Chemicals Top 15 Inputs byDollars section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors).

  17. Top 15 Inputs byDollars Chemicals section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors).

  18. TopOccupationsChemicals section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 12

  19. Shift-Share Analysis (Regional Performance) by Top IndustrySectorsMachinery Manufacturing Note: Upward arrow ( ) indicates regional competitiveness. section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 19

  20. Machinery Manufacturing Shift-ShareAnalysis Industriesthat Outperformed Industries thatUnderperformed • Conveyor and Conveying Equipment Manufacturing • Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing • Construction Machinery Manufacturing • Mechanical Power Transmission Equipment Manufacturing • Industrial Mold Manufacturing • Farm Machinery and Equipment Manufacturing • Air and Gas Compressor Manufacturing • Machine Tool Manufacturing • Other Industrial Machinery Manufacturing • Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing • Power-Driven Hand tool Manufacturing • Special Die and Tool, Die Set, Jig, and Fixture Manufacturing section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 20

  21. Top IndustrySectorsMachinery Manufacturing Note: Sorted similarly as the shift-share analysisslide. section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 21

  22. Machinery Manufacturing Top 15 Inputs byDollars section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors).

  23. Machinery Manufacturing Top 15 Inputs byDollars section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors).

  24. TopOccupationsMachinery Manufacturing section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 12

  25. Shift-Share Analysis (Regional Performance) by Top IndustrySectorsBusiness And Financial Services Note: Upward arrow ( ) indicates regional competitiveness. section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 25

  26. Business And Financial Services Shift-ShareAnalysis Industriesthat Outperformed Industries thatUnderperformed • Lessors of Nonresidential Buildings (except Miniwarehouses) • Investment Advice • Residential Property Managers • Other Activities Related to Real Estate • Engineering Services • Tax Preparation Services • Claims Adjusting • Lessors of Miniwarehouses and Self-Storage Units • Lessors of Other Real Estate Property • Offices of Certified Public Accountants • Portfolio Management • Offices of Lawyers • Computer Systems Design Services • Other Accounting Services • Insurance Agencies and Brokerages section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 26

  27. Top IndustrySectorsBusiness And Financial Services Note: Sorted similarly as the shift-share analysisslide. section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 27

  28. Business And Financial Services Top 15 Inputs byDollars section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors).

  29. Top 15 Inputs byDollars Business And Financial Services section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors).

  30. TopOccupationsBusiness And Financial Services section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 12

  31. Shift-Share Analysis (Regional Performance) by Top IndustrySectorsInformation Technology And Telecommunications Note: Upward arrow ( ) indicates regional competitiveness. section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 31

  32. Information Technology And Telecommunications Shift-ShareAnalysis Industriesthat Outperformed Industries thatUnderperformed • Electrical Contractors and Other Wiring Installation Contractors • Mechanical Power Transmission Equipment Manufacturing • Telecommunications Resellers • Custom Computer Programming Services • Data Processing, Hosting, and Related Services • Computer Facilities Management Services • Computer and Computer Peripheral Equipment and Software Merchant Wholesalers • Other Industrial Machinery Manufacturing • Noncurrent-Carrying Wiring Device Manufacturing • Computer Systems Design Services • Motor and Generator Manufacturing section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 32

  33. Top IndustrySectors Information Technology And Telecommunications Note: Sorted similarly as the shift-share analysisslide. section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 33

  34. Information Technology And Telecommunications Top 15 Inputs byDollars section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors).

  35. Information Technology And Telecommunications Top 15 Inputs byDollars section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors).

  36. TopOccupations Information Technology And Telecommunications section02 Source:EMSIClassofWorker2017.4(QCEW,non-QCEW,self-employedand extendedproprietors). 12

  37. 03 • Agribusiness • Chemicals • Machinery Manufacturing • Business and Finance • Information Technology and Telecommunications industry cluster comparison

  38. Agribusiness and Food Processing: Contribution by Counties (Jobs 2016) section 03 • Source: EMSI 2017.4 (QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors); Industry cluster definitions by PCRD

  39. Chemicals: Contribution by Counties (Jobs 2016) section 03 • Source: EMSI 2017.4 (QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors); Industry cluster definitions by PCRD

  40. Machinery: Contribution by Counties (Jobs 2016) section 03 • Source: EMSI 2017.4 (QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors); Industry cluster definitions by PCRD

  41. Business and Finance: Contribution by Counties (Jobs 2016) section 03 • Source: EMSI 2017.4 (QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors); Industry cluster definitions by PCRD

  42. Information Technology: Contribution by Counties (Jobs 2016) section 03 • Source: EMSI 2017.4 (QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors); Industry cluster definitions by PCRD

  43. Industry Clusters: Components to Assess • Source: EMSI 2017.4 (QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors); Industry cluster definitions by PCRD

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