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Foothills Region Overview
The Foothills Region is comprised of three North Carolina counties. Interstate I-40 passes through the northern part of the region connecting to I-77 to the east and I-26 to the west. Cleveland McDowell Polk Rutherford section 01
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Bubble Chart: What to Look at First
Quadrant Location Size of Location Quotient Percentage Change in Last 5 Years Number of Employees Bubble Chart: What to Look at First Start with clusters located in the STARS quadrant See if the MATURING clusters might have a good chance of growing again Determine if EMERGING clusters are likely to grow in strength Avoid clusters that are “TRANSFORMING” Focus on clusters with an LQ of 1.2 or higher Clusters with high LQs represent economic activities in which the region is competitive relative to the U.S. REMEMBER: Clusters only capture industries that have the likelihood of exporting goods and services. The horizontal line (the x-axis) shows the percentage growth or decline of a cluster over a five-year period. Make sure to examine the SIZE and DIRECTION of that change. Dramatic declines in a cluster with a an LQ of 1.2 or higher could be a difficult one to resurrect. The size of the bubble refers to the number of people employed in that cluster. It may be worthwhile to focus on clusters that are both competitive and that employ a good number of people.
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Additional ways to hone in on key clusters for the SET team to consider for their HQP
Shift-Share Analysis Export Value Leakage Contribution by Counties Number of Establishments Resident’s Values & Industry Input
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Industry Clusters: Components to Assess in the Selection of Key Clusters (NC Foothills)
Advanced Materials Chemicals Apparel & Textiles Forest & Wood Prod Regional Performance, (Shift-share analysis) 1,010 (84% of job change) 325 (72% of job change) 335 (94% of job change) 460 (109% of job change) Exports value, 2013 ($ millions) 1,418 1,213 733 414 Leakage, 2013 1,025 604 130 255 Number of establishments 78 42 72 115 Contribution by counties 4 Business input Seek input from businesses on how they can strengthen their connections to the key clusters, especially providing products and services now being imported from outside the region. Resident’s value Review Civic Forum Input from Residents section 02 Source: EMSI (QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors); Industry cluster definitions by PCRD
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Industry Clusters: Components to Assess in the Selection of Key Clusters (NC Foothills)
Fabricated Metal Prod Machinery Electrical Equipment Glass & Ceramics Primary Metal Regional Performance, (Shift-share analysis) 55 (25% of job change) 254 (78% of job change) 172 (91% of job change) -28 (negative value) 140 (85% of job change) Exports value, 2013 ($ millions) 271 276 148 118 149 Leakage, 2013 182 168 46 33 174 Number of establishments 45 26 4 9 8 Contribution by counties 2 3 Business input Seek input from businesses on how they can strengthen their connections to the key clusters, especially providing products and services now being imported from outside the region. Resident’s value Review Civic Forum Input from Residents section 02 Source: EMSI (QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors); Industry cluster definitions by PCRD
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Advanced Materials: Contribution by Counties (Jobs 2014)
section 02 Source: EMSI (QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors); Industry cluster definitions by PCRD
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Chemicals: Contribution by Counties (Jobs 2014)
section 02 Source: EMSI (QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors); Industry cluster definitions by PCRD
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