Sector Research & Opportunity Analysis
Regional Economic Development Agency
Project Focus Areas
A regional economic development agency was looking to prioritize the delivery of funding and programs to specific industry sectors. This required a framework for prioritizing select investments over others, and analysis of the potential impact of those sectors on the regional economy going forward.
- Our Approach
- Developed a set of metrics across which industry sectors could be compared to understand both their current importance to the regional economy and their future potential for growth locally and globally.
- Researched industry sectors to establish a quantitative and qualitative foundation for comparing industries by size, impact, and market potential.
- Presented sector profiles, a comparative analysis, and a decision framework to a sector development working group and facilitated prioritization discussions with staff.
The data and analysis seeded rich discussion among staff about which sectors should be prioritized for policy development, investment, and programming. Sector profiles continue to guide more detailed research into specific market opportunities.