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Clarksville- Main File

FIGURE 30: Industry

FIGURE 30: Industry Cluster Performance, Clarksville MSA Bubble size represents Jobs in 2016 45 40 Important industries that may require attention Important growth industries 35 Location Quotient 30 25 20 15 10 5 Metal Products & Mining Automotive, Aerospace, and Production Technology Distribution and Electronic Commerce Business Service Chemical Products 0 Emerging industries –5 –10% –5% 0% 5% 10% 15% 20% 25% 30% Job Growth (2016-2021) TABLE 16: Industry Clusters Performance Trends, Clarksville MSA (2016-2021) INDUSTRY CLUSTER EMPLOYMENT % PROJECTED CHANGE (ANNUAL AVERAGE RATE OF GROWTH) CONCENTRATION (LQ) AVERAGE EARNINGS TOTAL SALES GROSS REGIONAL PRODUCT (GRP) ESTAB- LISHMENTS 2016 2021 2016-2021 2016 2016 2016 2016 2016 Chemical Products Automotive, Aerospace, and Production Technology Metal Products and Mining 94 115 22% 4.8 $78,952 $68,436,756 $17,646,466 2 5,330 5,384 1% 20.7 $62,214 $2,074,101,660 $549,721,049 21 1,889 1,788 (5%) 38 $68,869 $729,181,378 $326,957,963 30 Business Services 6,437 7,225 12% 5.5 $52,869 $956,588,471 $599,419,218 552 Distribution and Electronic Commerce Total of Target Clusters Total Clarksville MSA Total Clusters as % of Clarksville MSA 3,491 3,690 6% 1.4 $57,674 $636,877,556 $380,680,012 243 17,241 18,202 6% $58,626 $4,465,185,821 $1,874,424,708 848 124,880 129,555 4% - $49,431 $31,286,440,392 $11,531,337,116 4,950 14% 14% - - 119% 14% 16% 17% 64 COMPREHENSIVE LABOR ANALYSIS: CLARKSVILLE-MONTGOMERY COUNTY

SUPPLY CHAIN ANALYSIS Supply chain analysis is a process by which the inputs and outputs of an area’s industry clusters are evaluated—which goods and services are being bought and sold, in what quantities, and where they are being bought from or sold to. The analysis can help identify the different types of businesses that comprise an industry cluster and, most importantly for economic development, can identify segments of the supply chain that may be absent from a particular region. These supply chain gaps, as they’re known, can represent opportunities for new development that can strengthen existing industry clusters and may support other non-related industries in the region as well. Table 17 shows in-region sales and exported (out-of-region) sales for each industry cluster. This is useful for understanding how much revenue a cluster is bringing into the region through its sales of goods and services outside of the region. Industries that predominantly export their products bring new money into the economy, which in turn drives other regional businesses. Automotive, aerospace, and production, for example, sells 93% of its products outside of Clarksville, bringing an estimated $1.9 billion in sales into the region. Table 17, on the next page, also shows the total demand in Clarksville for the goods and services offered by each industry cluster. This is the demand by Clarksville residents and businesses for the products and/or services produced by that industry cluster — regardless of whether the products or services are actually produced by companies within the region. Furthermore, the table shows how much of local demand is met by companies within the region and how much of local demand is met by importing from other regions. This comparison helps determine opportunities to expand local businesses’ shares of local demand. For example, if only 10% of regional demand for a product is being met by regional companies, this table will quantify the value of the remaining 90% of demand that could be met by regional companies. Table 18 shows the purchases of services and manufactured goods, respectively, made by businesses in the Clarksville MSA. This information helps quantify the supply chain needs of businesses within the county. By comparing the proportion of supply chain needs met by companies within the region to the proportion met by importing goods and services from outside the region we can identify potential opportunities for new development. In reviewing the above data, certain industry clusters may be better targets for economic development efforts than others. Certain clusters, such as primary metal manufacturing and fabricated metal products, are strong in the region but primarily export their products while at the same time, other companies are heavily importing products from these same industry clusters. For metal products, for example, only 7% of production is sold within the region, while simultaneously, all businesses within the region import about 61% of their needs (Table 17). Table 18 shows more detailed industry sectors that have potential to sell more of their goods and services within the region. Metal products (both primary and fabricated) are heavily imported by Clarksville businesses, yet these sectors are also well-represented within the area. Many of the industry sectors shown in Table 18 are sectors that commonly sell to other businesses—such as management services, transportation, wholesale services, and manufacturing that supports other manufacturing businesses (such as machinery manufacturing). Industry Cluster and Supply Chain Analysis 65

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