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Asset Inventory Industry Composition and Growth

Industry Employment by Age

  • Age distribution varies widely by industry.
  • Younger workers tend to be more highly concentrated in service-based industries whereas older workers are more highly concentrated in production-based sectors.
  • Sectors such as construction, manufacturing, and utilities are most likely to experience workforce retention issues due to aging workers.

Projected Industry Employment Growth 2010-2020

  • Regional employment growth of 8.5 percent is slightly above state average.
  • Most significant growth projected in health care and social assistance, professional and business services, and transportation and warehousing.
  • Lagging industries, such as manufacturing and utilities have significant workforce replacement needs.

Industry Income Growth 2003-2013

  • Manufacturing output dominates the regional economy.
  • Most significant income growth has occurred in the health care and social assistance sector.
  • Government income has steadily declined over the decade.

Location Quotient by Industry Sector

  • Any industry with a location quotient over 1 denotes a significant concentration.
  • Health care and social assistance and manufacturing have the most prominent concentrations.
  • Location quotients are strongly correlated with industry employment and income growth.