Target Industry Analysis

Ady Voltedge Target Industry Analysis will concisely and comprehensively identify those industries that have the strongest potential to expand or relocate in your region. 

Leveraging our exclusive affiliation with Ady International Company—America’s foremost consultancy for companies seeking site selection assistance—an Ady Voltedge Target Industry Analysis will identify those industries or clusters to which you should target your marketing and recruitment activities. 

An Ady Voltedge Target Industry Analysis examines the economic characteristics, resources, and advantages of your region against the geographic and workforce requirements of major business segments.

And unlike generalized research consultancies, an Ady Voltedge Target Industry Analysis will not only identify your region’s relative strengths, it will also ascertain areas of untapped potential. How?

An Ady Voltedge Target Industry Analysis will additionally identify “near fits” for your region: business or industry categories that would be attracted but for one or two perceived incompatibilities.

For example, your region might be ideal for a certain type of industry except for a relative lack of workers currently working in it. An Ady Voltedge Target Industry Analyses analysis will quantify how many workers you currently have in your workforce who have substantially similar skills to those required for the target industry’s key occupations.  You will no longer need to rely on the weak argument, “If you relocate here, the workers will appear.”  You will have the facts in hand to prove it.

Armed with this information, you can also bolster the number of workers with such training or education by providing concrete, forward-thinking guidance to your workforce development partners.

Other examples of a single perceived incompatibility might be a lack of specific infrastructure, tax incentives, or building sites: each of which can be remedied once identified.

In sum, an Ady Voltedge Target Industry Analysis not only identifies existing opportunities but identifies potential ones: areas of economic development that would have otherwise gone unseen with a more conventional, generalized analysis.

Elements of an Ady Voltedge Target Industry Analysis include but are not limited to:

• A qualitative evaluation of your region’s strengths, weaknesses, opportunities, and threats
• The identification and analysis of industry sectors that are currently strong in your region
• Qualitative input on the productivity of your workforce
• Quantification of current and required workforce skills
• Recommendations for current and future workforce training programs
• Projected national, state, and regional trends in sectors
• Major considerations for recruiting each target industry, from a site selector’s perspective

 

Contact us today to find more info on our approach to economic development marketing.

Call Janet Ady at 608.663.9218 or email: jady@adyvoltedge.com

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