This repository implements a data-driven Industry Prioritization Matrix used to identify and rank priority industries for economic development strategies. Regions must decide where to focus limited resources, and the matrix enables disciplined, evidence-based prioritization.
The framework can be applied at the state, economic area, metropolitan statistical area, county, or multi-county level.
Economic development is competitive, and regions cannot effectively pursue every opportunity at once. Prioritization aligns strategy with regional capabilities and helps concentrate efforts where local strengths and assets can deliver the highest impact.
At a high level, the matrix scores industries, and supply-chain segments where relevant, using normalized and weighted indicators derived primarily from North American Industry Classification System based data. The goal is an apples-to-apples comparison across industries to support clear ranking and selection.
- Employment level and growth: Current scale and recent trajectory of industry jobs.
- Location quotient (relative specialization): Degree of regional concentration compared to the national benchmark.
- Investment and project momentum: Evidence of recent projects, announcements, or capital activity.
- Feasibility (capability match to regional assets): Fit between industry requirements and local strengths.
- Complexity (technological sophistication and long-term value): Degree of knowledge intensity and upgrade potential.
- Policy and institutional support: Alignment with incentives, programs, and enabling institutions.
- Resource potential (where applicable): Availability of critical natural or infrastructural inputs.
Industries are mapped using North American Industry Classification System codes and may be evaluated by supply-chain stage (for example: design and engineering, manufacturing, construction, inputs, operations).
- State
- Economic area
- Metropolitan statistical area
- County
- Aggregated counties
This repository contains scripts that operationalize the methodology for specific geographies. Some folders may contain frozen reference implementations. Active folders are used for geography-specific adaptations. The written methodology governs how the tool works; individual scripts may vary by use case.
The matrix is a decision-support tool for economic development strategy, not a forecast. Results depend on data availability, indicator weighting, and regional context.