State Road 429 Cluster Study

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State Road 429 Cluster Study

  1. 1. Luis Nieves-Ruiz, AICP Principal PlannerOrange County Planning Division September 14, 2011
  2. 2. Economic Corridor Study SR 429 Initiative Economic Analysis Cluster Study
  3. 3. Economic Corridor Study SR 429 Initiative Economic Analysis Cluster Study
  4. 4. SR 429 Group Partnership between Orange County, Apopka, Ocoee, and Winter Garden Use the expansion of SR 429 as a catalyst to create economic development opportunities in the area
  5. 5. Achievements/Projects Jurisdictions assets presentations Established contact with University of Florida for assistance with economic impact projects EDA Grant Application Economic Cluster Study
  6. 6. Economic Corridor Study SR 429 Initiative Economic Analysis Cluster Study
  7. 7. Economic Structure Analysis There are two types of businesses:  Basic Industries (export)  Drive economic growth  High multiplier effect  Link between local companies  Non-Basic Industries (local consumption) Regional economies specialize in products and services they are most competitive
  8. 8. Location Quotient Regional employment Ratio between the LQ < 1 proportion is less local economy and than national reference economy proportion Measures regional economic LQ = 1 Regional employment specialization proportion is same as Easy to understand national proportion Regional employment LQ > 1 proportion is greater than national proportion
  9. 9. LQ Assumptions A high location quotient implies economic competitiveness The excess capacity in a particular industry translates into export potential Not meant to put a value on specific industries Should not discourage economic diversification efforts
  10. 10. Economic Data Structure NAICS Industry Natural Resources and Mining classification 11 Agriculture, Forestry, Fishing system & Hunting 20 industrial 114 Fishing, Hunting, and sectors Trapping 6-digit level of 1141 Fishing complexity 114111 Finfish Fishing
  11. 11. Highest Location Quotients in Orange County NAICS Code Industry and Description Location Quotient713110 Amusement and Theme Parks 60.12711190 Other Performing Arts Companies 14.48561590 Other Travel Arrangement Services 13.04561520 Tour Operators 8.42111310 Orange Groves 8.19561920 Convention and Trade Show Organizers 7.5833331 Commercial and Service Industry Machinery 6.42485510 Charter Bus Industry 5.93448320 Luggage and Leather Goods Stores 5.68238192 Other Nonresidential Exterior Contractors 5.59721110 Hotels and Motels, Except Casino Hotels 5.30485999 All Other Ground Passenger Transportation 5.07Source: BLS Location Quotient Calculator (2009 employment data)
  12. 12. Economic Geography Leisure and Hospitality agglomerations• Firms often agglomerate within an area to increase competitiveness• These agglomerations are often called “clusters”• Not every agglomeration is a cluster• A cluster is comprised of interrelated exporting firms, as well as a network of materials and services Red = Main Establishments Purple= Supporting Industries suppliers
  13. 13. State Road 429 Industry Study State Road 429 Initiative Economic Structure Analysis Cluster Study
  14. 14. Definition of Study Area SR 429 interchanges were used as central points to define study area Created 3 mile buffers from most of the interchanges Buffers were combined to create one polygon Study area also includes 2 additional buffers north of the last interchange
  15. 15. Technology and Data Sources ArcGIS Software  Produce buffers  Query Establishments by Location and Type InfoUSA Data Layer BLS Location Quotient Calculator Google searches
  16. 16. Preliminary Study Findings Total of 3,990 businesses within the study area Comprised of 471 industry classifications Over 60 percent of all establishments have less than 5 employees Most businesses are non- basic industries
  17. 17. Number of Establishments by Industry NAICS Industry Number of Code Description Establishments 722110 Full-Service Restaurants 193 813110 Religious Organizations 160 621111 Offices Of Physicians Except Mental Health 105 236115 New Single Family General Contractors 103 531210 Offices Of Real Estate Agents & Brokers 94 444220 Nursery Garden & Farm Supply Stores 77 424930 Nursery & Florist Merchant Whls 73 812112 Beauty Salons 68 561730 Landscaping Svcs 64 524210 Insurance Agencies & Brokerages 59 Source: INFOUSA, 2010
  18. 18. Industry Agglomeration Characteristics There are six significant industry agglomerations High location quotients (LQ) High number of establishments - Unrelated establishments were taken off the list Relative proximity between establishments Presence of supporting firms such as suppliers and other related industries
  19. 19. Building and Real Estate NAICS # Industry Description LQ Code Firms New Single-Family General 236115 99 0.5 Contractors Offices Of Real Estate Agents & 531210 92 2.53 Brokers 236220 Commercial Building Construction 41 0.7 238220 Plumbing & Hvac Contractors 39 0.83 238320 Paint & Wall Covering Contractors 29 0.94 444190 Other Building Material Dealers 28 0.59 238910 Site Preparation Contractors 22 0.58 238210 Electrical Contractors 22 0.85 236118 Residential Remodelers 21 0.5
  20. 20. Nursery and Floriculture NAICS # Industry Description LQ Code Firms 444220 Nursery Garden & Farm Supply 76 0.4 Stores 424930 Nursery & Florist Merchant 72 1.77 Wholesalers 561730 Landscaping Services 64 1.27 111421 Nursery and Tree Production 12 ND 424910 Farm Supplies Merchant 8 0.08 Wholesalers 423820 Farm & Garden Equipment 7 0.19 Merchant Wholesalers 325311 Nitrogenous Fertilizer 2 3.12* Manufacturing 325314 Fertilizer, Mixing Only, 1 3.12* Manufacturing 111422 Floriculture Production 1 4.71 *Based on 5 digit NAICS
  21. 21. Tourism Support and Entertainment NAICS # Code Industry Description Firms LQ Motion Picture & Video 512110 11 0.61 Production Independent Artists, 711510 10 1.4 Writers & Performers 561520 Tour Operators 7 8.42 Other Performing Arts 711190 5 14.48 Companies 485510 Charter Bus Industry 2 5.93 Automatic Environmental 334512 1 0.63 Control Manufacturing
  22. 22. Information Technology NAICS # Code Industry Description Firms LQ 518210 Data Processing & Related Services 9 1.78 541512 Computer Systems Design Services 9 0.8 Custom Computer Programming 541511 8 0.93 Services 443120 Computer & Software Stores 5 0.87 Process & Logistics Consulting 541614 2 0.67 Services 541330 Engineering Services 1 1.34
  23. 23. Health Care NAICS # Code Industry Description Firms LQ Offices Of Physicians Except 621111 104 0.95 Mental Health 621210 Offices Of Dentists 36 0.54 621310 Offices Of Chiropractors 21 0.83 Offices Of Misc Health 621399 12 1.62 Practitioners 621340 Offices Of Specialty Therapists 12 0.71 Freestanding Emergency Medical 621493 10 1.36 Centers Miscellaneous Ambulatory 621999 9 ND Health Care Services 423450 Medical Equip Merchant Whls 7 0.91 621511 Medical Laboratories 6 0.99
  24. 24. Metallurgy and Die Tools NAICS # Code Industry Description Firms LQ 332212 Hand & Edge Tool Manufacturing 6 ND 423510 Metal Merchant Wholesalers 4 0.47 Industrial Supplies Merchant 423840 4 0.28 Wholesalers Fabricated Structural Metal 332312 3 0.44 Manufacturing 311421 Fruit & Vegetable Canning 2 ND 332710 Machine Shops 2 ND Metal Coating & Non-Precious 332812 2 0.03 Engraving Prefabricated Metal Buildings & 332311 1 0.62 Components 332322 Sheet Metal Work Manufacturing 1 0.48
  25. 25. Conclusions Largest Number of Firms - Building and Real Estate Most Mature - Nursery and Floriculture Solid Agglomerations - Tourism Support and Health Care Promising Agglomerations - IT and Metallurgy Industry linkages need further study to devise an economic strategy for the SR 429 Corridor
  26. 26. For more information, check the Planning Division’sEconomic Outlook publications or contact Luis Nieves- Ruiz at Luis.Nieves-Ruiz@ocfl.net

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