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INDIVIDUAL PEER REGIONS The other portion of this report focused on population, GRP, and manufacturing industries for cities to be compared solely with Clarksville. Clarksville was benchmarked against all other cities in the U.S., using the previously mentioned parameters and the following algorithm. Let x = desired economic unit of comparison and y = the Clarksville equivalent of that economic unit of comparison and z = the solution. Where (x/y) – 1 = z, 1 – (ABS (z)) = i, where i = an index between 0.00 and 1.00, where 1.00 is the best possible outcome and 0.00 is the worst. These formulas were tailored to place all the weight of comparison on Clarksville. The nearer the solution to 1.00, the more similar a region is to Clarksville. Per these requirements, and the individual industry specifications of Clarksville, 5 peer regions were found. Table 21 is set up much like Table 19, as it compares all industries within all the peer regions with those in Clarksville. Likewise, Table 22 is set up in the same fashion as Table 20, as it shows data for the manufacturing industries when comparing peer regions to each other. TABLE 21: Individual Peer Regions, Cities, All Industries CLARKSVILLE, TN-KY ELKHART- GOSHEN, IN PEORIA, IL KALAMAZOO- PORTAGE, MI HUNTSVILLE, AL ROCHESTER, MN REGIONAL OVERVIEW Population (2016) Population Change % Total Industry Jobs (2016) Total Industry Jobs Change % Bachelor’s Degree or Higher % Current Avg. Earnings 282,353 203,784 376,250 336,865 449,721 215,887 7% 3% (1%) 3% 6% 4% 124,880 135,275 182,469 152,106 234,447 124,433 2% 21% (4%) 7% 7% 7% 13.4% 11.5% 18.2% 20.0% 24.4% 24.1% $49,431 $54,466 $60,722 $56,469 $65,392 $62,030 COL Index 94.8 94.8 101.5 94.6 100.2 103.8 COL Adjusted Current Avg. Earnings $52,033 $57,333 $59,532 $59,441 $65,392 $59,644 GRP (billions) $12.72 $12.74 $19.59 $15.42 $24.44 $11.76 Source: Emsi 72 COMPREHENSIVE LABOR ANALYSIS: CLARKSVILLE-MONTGOMERY COUNTY
TABLE 22: Individual Peer Regions, Cities, Manufacturing Industries CLARKSVILLE ALONE MANUFACTURING JOBS GRP MFG AS % OF ECONOMY Clarksville 10,841 $1,408,033,810.40 11.07% Elkhart-Goshen, IN 63,183 $6,272,356,016.12 49.22% Peoria, IL 22,717 $5,181,716,439.76 26.45% Kalamazoo-Portage, MI 21,307 $3,660,257,877.54 23.74% Huntsville, AL 24,321 $3,376,249,633.34 13.82% Rochester, MN 10,772 $1,400,394,289.85 11.91% Source: Emsi Elkhart-Goshen, IN This region has a substantially larger manufacturing industry than Clarksville, as manufacturing makes up almost 50% of the regions total GRP. However, Elkhart-Goshen has the smallest number of graduates with a bachelor’s degree or higher at 11.5%. Clarksville is ranked second to last in this category with only 13.4% of the population having attained a bachelor’s degree or higher. Elkhart, in fact, was chosen as a peer region to identify factors Clarksville may want to move away from. Despite Elkhart-Goshen having a strong manufacturing sector, the educational attainment that Clarksville should look to attain will be more in line with Huntsville at 24.4% and Rochester 24.1%. Peoria, IL As with Elkhart-Goshen, Peoria has a larger manufacturing sector than Clarksville, however, unlike Elkhart-Goshen (and Clarksville), the percent of the population with a bachelor’s degree is much higher at 18.2%. The average wage is another significant difference, being $60,722 in Peoria and only $49,431 in Clarksville. That being said, the COL index for Peoria is 101.5, which is much higher than Clarksville 94.8. The COL index is an element Clarksville can use to differentiate itself from its peer regions when attracting both business and talent. This also puts the wage difference on a more level field. Meaning, despite Peoria having higher wages, Clarksville wages have more purchasing power. Kalamazoo-Portage, MI Despite being much larger than Clarksville in populations, jobs, and GRP, Kalamazoo-Portage has a COL index of 94.6 which is almost identical to that of Clarksville at 94.8, and is the lowest of all the peer regions. Kalamazoo-Portage also has a higher average wage ($56,469) and the third highest percent of the population with a bachelor’s degree or higher (20%) of all the peer regions. Kalamazoo Promise started approximately a decade before Tennessee Promise. This program possibly provides Clarksville an opportunity to catch up with its peers. Kalamazoo-Portage manufacturing industries grew at 0.8% between 2016 and 2017. The region’s manufacturing industries account for 23.74% of the total GRP and account for over 24,000 jobs, signaling a strong manufacturing sector. Peer Region Analysis 73
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COMPREHENSIVE LABOR ANALYSIS Clarks
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61 INDUSTRY CLUSTER AND SUPPLY CHAI
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INTRODUCTION Over the past five yea
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DEMOGRAPHIC PROFILE The City of Cla
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The map below illustrates total mig
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TABLE 2: Generation Breakdown, 10-c
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INCOME Income is generally used as
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POVERTY Poverty rates are one measu
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STAKEHOLDER THEMES In August and Se
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Below are the labor force figures p
Page 21 and 22: FIGURE 11: Labor Force Participatio
Page 23 and 24: COMMUTING PATTERNS Commuting patter
Page 25 and 26: TABLE 6: Where Residents from Montg
Page 27 and 28: sector. Figure 16 above shows resid
Page 29 and 30: public transportation, broadband av
Page 31 and 32: TABLE 7: Job Performance 2011 2016
Page 33 and 34: FIGURE 19: Montgomery County Indust
Page 35 and 36: TABLE 8: Number of Payrolled Busine
Page 37 and 38: TABLE 9: Occupation Groups with Mos
Page 39 and 40: REAL-TIME DATA KEY HIGHLIGHTS Suppl
Page 41 and 42: COMPENSATION KEY HIGHLIGHTS • Ave
Page 43 and 44: STAKEHOLDER THEMES • 50% of respo
Page 45 and 46: The May 2017 Soldier For Life Surve
Page 47 and 48: TABLE 12: MOC to SOC Crosswalk for
Page 49 and 50: MOC SOC CODE SOC TITLE JOBS ANNUAL
Page 51 and 52: MOC SOC CODE SOC TITLE JOBS ANNUAL
Page 53 and 54: • Military spouses most likely ma
Page 55 and 56: FIGURE 27: Higher Education Institu
Page 57 and 58: MEETING THE NEEDS OF INDUSTRY Some
Page 59 and 60: SOC CODE SOC DESCRIPTION 2016 JOBS
Page 61 and 62: INDUSTRY CLUSTER AND SUPPLY CHAIN A
Page 63 and 64: INDUSTRY CLUSTERS Industry clusters
Page 65 and 66: SUPPLY CHAIN ANALYSIS Supply chain
Page 67 and 68: TABLE 18: Purchases of Services by
Page 69 and 70: PEER REGION ANALYSIS Clarksville is
Page 71: TABLE 20: Duo Peer Regions, MSAs, M
Page 75 and 76: RECOMMENDATIONS INCREASE COMMUNICAT
Page 77 and 78: • Encourage engineering internshi
Page 79 and 80: • Numerous golf courses in the ar
Page 81 and 82: economic development professionals
Page 83 and 84: APPENDIX II: INVESTMENT IN CLARKSVI
Page 85 and 86: 2) Is your firm in one of the follo
Page 87 and 88: • Friendly people • Good Locati
Page 89 and 90: • Seems like a good effort to rec
Page 91 and 92: • some bad areas of congestion
Page 93 and 94: MOC SOC CODE SOC TITLE JOBS Infantr
Page 95 and 96: MOC SOC CODE SOC TITLE JOBS Logisti
Page 97 and 98: MOC SOC CODE SOC TITLE JOBS Field A
Page 99 and 100: MOC SOC CODE SOC TITLE JOBS Medical
Page 101 and 102: MOC SOC CODE SOC TITLE JOBS Supply
Page 103 and 104: MOC SOC CODE SOC TITLE JOBS Signal/
Page 105 and 106: MOC SOC CODE SOC TITLE JOBS Militar
Page 107 and 108: MOC SOC CODE SOC TITLE JOBS Electro
Page 109 and 110: MOC SOC CODE SOC TITLE JOBS Armor I
Page 111 and 112: MOC SOC CODE SOC TITLE JOBS Intelli
Page 113: For more information please contact
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