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                              How to assess an area's
                              most important industries
 
Economic planners periodically assess the most important industries in order to ensure that policy priorities are aligned with the realities and needs of the area’s economy. Industry targeting allows community leaders to focus their programs on specific industries or sectors. This permits clearer identification of specific industry requirements, and enables communities to provide fewer but more highly valued and effective measures to encourage the industry selected.
 
Determining which regional industries are important can be challenging, since the definition of “important” is not always agreed upon by regional stakeholders. Providing hard data is a necessary component of this planning process.
 
Quantitative methods are fast, cheap and reliable for creating  the 'longer list' and for determining dollar return on investment. Qualitative methods help economic developers identify the measures that are most likely to work. We offer several approaches to industry targeting for retail, daytime or evening economy, primary jobs or services and high-tech.                                                                                   ►Learn more here
 
Fast Growing US Airport Areas and Key Growth Industries
Client: DIA Airport Area Taskforce

 

Innovation Economics was retained by the Area Development Taskforce for Denver International Airport (DIA) to identify high priority growth industries in the fastest growing airport regions (5 mile radius).
 
Starting with thirty leading airport areas, primarily in the US, the study narrowed down to analyze performance in 15 leading airport areas and produced in-depth profiles for the seven fastest growing peer airport areas to Denver International Airport .
 
The findings provided valuable insights into key growth industries driving the development of the seven fastest growing regional airport areas and several typologies of industry mix in these airport areas.