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High Impact Clusters A region’s relative size, strength and density of high impact clusters and ability to grow industries that are competitive on an international scale

What’s a traded cluster?

326

Traded clusters are comprised of industries where the market is national or global, as opposed to local clusters, which focus on the immediate area. Traded clusters represent about 1/3 of businesses, but these pay higher wages and generate 90% of innovative activity.

190

100

116

U.S. Avg.

129

138

142

151

205

The Indicators +

High Impact Density: Share of regional employment in traded clusters

+

Employment Diversity: Concentration of employment in top 5 occupations

High Wage Employment: Concentration of jobs in high wage occupations (annual pay of $43,500+ per year)

=

High Impact Growth: Establishment growth rates in traded clusters

+

Employment Density: indicator of clustering activity via infill development, with symbol indicating positive vs. last year

Change in Index Value

154

+9 points from 2014 to 2017

130

129

125

125

120

89

115

120

120

2014

2015

110 105

Augusta

12

Knoxville

Columbia

WinstonSalem

Tallahassee Greensboro Greenville

2017 Midlands Regional Competitiveness Report

Lexington (KY)

Charleston

Raleigh

100

2016

2017

2017 Midlands Regional Competitiveness Report  

It’s tough to define success when you’re not able to measure what it looks like. Since 2014, EngenuitySC has published the Midlands Regional...

2017 Midlands Regional Competitiveness Report  

It’s tough to define success when you’re not able to measure what it looks like. Since 2014, EngenuitySC has published the Midlands Regional...