Economic Growth - Looking Behind the Numbers
8-1-2007
The research effort was accomplished using two different approaches: First, communities within the population ranges from 100,000 to 500,000 and from 500,000 to 2,000,000 were extensively evaluated and compared to identify any growth trends. Communities were then divided into four growth ranges and compared against demographics and economic segments. Specific situations were tested, such as the presence of a major university or military base, the size and profile of manufacturing employment, whether the location was a resort or retirement community, and other considerations. The results noted some distinct trends and a few surprises.
In addition to the data crunching, MS&B surveyed 15 growing communities of different sizes and geographic locations to gather first-hand details on the dynamics of growth and the efforts being done to stimulate the growth. The survey had a battery of questions related to what's driving growth, the impact of high growth, target industries, work force development, stimulation of entrepreneurial activity, and marketing efforts. The capstone question asked the participant to define two important initiatives that communities should consider in order to stimulate economic growth. It was interesting that the results essentially focused on two consistent themes: the development of an effective strategy and the building of strong internal and external relations. The details of the survey are highlighted in the report.
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
First Person: David Robey, Co-CEO of QTS Data Centers
Q2 2025