ANGELOUECONOMICS 2012 INDUSTRY HOTSPOTS

ANGELOUECONOMICS 2012 INDUSTRY HOTSPOTS INDUSTRY SPECIALIZATION OF AMERICA'S 100 LARGEST METROPOLITAN AREAS INDUSTRY CLUSTERS 19-24 (of 36)

ABOUT THE RANKINGS In the 21 st Century, the engines that drive the American economy are found at the metropolitan level. Here, industries tend to form clusters that allow them to share ideas, talent, suppliers, infrastructure and investment in ways that deliver shared benefit among industry participants. In turn, these clusters tend to define the communities in which they are located. As part of a multi-month study, economic development and site selection consultancy AngelouEconomics completed a sweeping analysis of America s 100 largest metropolitan areas¹. The focus of this analysis was to calculate and compare the concentration of various industry cluster groups within these locations. This allows one to better understand where and why certain industries locate where they do and the implications that this may have for the communities in which they have the strongest presence. In all, 36 industry cluster groups (consisting of combinations of more specific industries defined at the 4-digit NAICS level) were analyzed, which cover all major areas of the national economy. Communities were then ranked based on their location quotient in each industry cluster group. Location Quotients (LQs) are a measure of industry concentration within a particular area relative to the concentration of that industry in the nation as a whole. By limiting the analysis to just the 100 largest metropolitan areas, certain distortions could be avoided that are sometimes associated with comparisons of industry concentration in communities that have more limited overall employment. These metropolitan areas are also presented in segments based on population, allowing for more direct comparison of similarly sized communities. Six of the 36 industry cluster groups analyzed are presented on the following pages. This analysis not only provides powerful insights into the economies of America s largest metropolitan areas, but, as these communities are so important to the overall U.S. economy, it provides a clearer picture of the relationship between these industry clusters and the nation as a whole. These top 100 metropolitan areas² account for approximately 73% of total U.S. Real GDP³; over $9.5 trillion of annual economic output. More to Come AE will soon be releasing a series of maps illustrating the data provided in these rankings, depicting the results for all 100 metropolitan areas studied. These maps will allow for a one-look assessment of the relative concentration of these industry clusters and their location within the United States. In combination with the rankings now provided, these maps will provide one of the clearest pictures available of how various industries are distributed across the United States. ¹Metropolitan Statistical Areas (MSAs) were primarily used in this analysis. In certain instances, Metropolitan Divisions (e.g. Dallas and Fort Worth) have been used instead of MSAs (wherein they would otherwise be combined) in order to provide greater clarity regarding the location of industry concentrations and the unique characteristics of certain regional economies. ²All populations are for 2010; Source: 2010 Census ³Based on 2010 Real GDP (2005 USD); Source: Bureau of Economic Analysis Sources: 2010 Census, Bureau of Labor Statistics, Decision Data Resources IE 360, AngelouEconomics 1

TOP OVERALL INDUSTRY CLUSTERS TOP 10 CLUSTERS AMONG AMERICA'S 100 LARGEST METRO AREAS BY INDUSTRY 1 Sacramento, CA 2.90 2,149,127 2 Albany, NY 2.43 870,716 3 Harrisburg, PA 1.89 549,475 4 Washington, DC 1.80 5,582,170 5 Raleigh, NC 1.55 1,130,490 6 Columbia, SC 1.50 767,598 7 Austin, TX 1.46 1,716,289 8 Madison, WI 1.39 568,593 9 Baton Rouge, LA 1.36 802,484 10 Poughkeepsie, NY 1.35 670,301 1 McAllen, TX 1.95 774,769 2 New Haven, CT 1.59 862,477 3 Springfield, MA 1.58 692,942 4 Worcester, MA 1.54 798,552 5 Youngstown, OH 1.50 565,773 6 Providence, RI 1.39 1,600,852 7 Toledo, OH 1.38 651,429 8 Dayton, OH 1.37 841,502 9 Cleveland, OH 1.37 2,077,240 10 Tucson, AZ 1.35 980,263 1 New Haven, CT 3.41 862,477 2 Baton Rouge, LA 3.07 802,484 3 Rochester, NY 2.70 1,054,323 4 Boston, MA 2.38 4,552,402 5 Charleston, SC 2.34 664,607 6 Springfield, MA 2.26 692,942 7 Los Angeles, CA 2.18 12,828,837 8 New Orleans, LA 2.12 1,167,764 9 Scranton, PA 1.89 563,631 10 Pittsburgh, PA 1.84 2,356,285 1 Las Vegas, NV 8.44 1,951,269 2 Orlando, FL 4.28 2,134,411 3 Cape Coral, FL 2.06 618,754 4 Honolulu, HI 2.05 953,207 5 San Diego, CA 1.82 3,144,201 6 New Orleans, LA 1.82 1,167,764 7 Sarasota, FL 1.65 702,281 8 Charleston, SC 1.59 664,607 9 Colorado Springs, CO 1.56 645,613 10 Miami, FL 1.47 5,564,635 1 Grand Rapids, MI 4.29 774,769 2 Dayton, OH 3.89 841,502 3 Milwaukee, WI 3.78 1,555,908 4 Cleveland, OH 3.63 2,077,240 5 Akron, OH 3.12 703,200 6 Detroit, MI 3.07 4,296,250 7 Worcester, MA 2.61 798,552 8 Tulsa, OK 2.53 937,478 9 Springfield, MA 2.46 692,942 10 Rochester, NY 2.32 1,054,323 1 Youngstown, OH 5.18 565,773 2 Akron, OH 3.25 703,200 3 Tulsa, OK 3.15 937,478 4 Rochester, NY 3.05 1,054,323 5 Cleveland, OH 2.85 2,077,240 6 Milwaukee, WI 2.43 1,555,908 7 Worcester, MA 2.30 798,552 8 Birmingham, AL 2.11 1,128,047 9 Augusta, GA 2.09 556,877 10 Lancaster, PA 2.04 519,445 2

AMERICA S LARGEST METROS RANKINGS OF TOP THIRD OF 100 LARGEST METRO AREAS BY INDUSTRY 1 Sacramento, CA 2.90 2,149,127 2 Washington, DC 1.80 5,582,170 3 Baltimore, MD 1.27 2,710,489 4 Miami, FL 1.07 5,564,635 5 Columbus, OH 0.99 1,836,536 6 Denver, CO 0.95 2,543,482 7 Riverside, CA 0.95 4,224,851 8 New York, NY 0.95 18,897,109 9 Kansas City, MO 0.92 2,035,334 10 Atlanta, GA 0.89 5,268,860 1 Cleveland, OH 1.37 2,077,240 2 Pittsburgh, PA 1.31 2,356,285 3 Philadelphia, PA 1.28 5,965,343 4 Baltimore, MD 1.25 2,710,489 5 Detroit, MI 1.24 4,296,250 6 Boston, MA 1.21 4,552,402 7 Tampa, FL 1.20 2,783,243 8 San Antonio, TX 1.19 2,142,508 9 New York, NY 1.11 18,897,109 10 Miami, FL 1.10 5,564,635 1 Boston, MA 2.38 4,552,402 2 Los Angeles, CA 2.18 12,828,837 3 Pittsburgh, PA 1.84 2,356,285 4 San Francisco, CA 1.82 4,335,391 5 Philadelphia, PA 1.75 5,965,343 6 Chicago, IL 1.66 9,461,105 7 San Antonio, TX 1.56 2,142,508 8 Baltimore, MD 1.55 2,710,489 9 New York, NY 1.38 18,897,109 10 Denver, CO 1.33 2,543,482 1 Las Vegas, NV 8.44 1,951,269 2 Orlando, FL 4.28 2,134,411 3 Miami, FL 1.47 5,564,635 4 San Francisco, CA 1.29 4,335,391 5 San Antonio, TX 1.22 2,142,508 6 Phoenix, AZ 1.21 4,192,887 7 Tampa, FL 1.11 2,783,243 8 Los Angeles, CA 1.08 12,828,837 9 Seattle, WA 1.06 3,439,809 10 Charlotte, NC 1.05 1,758,038 1 Cleveland, OH 3.63 2,077,240 2 Detroit, MI 3.07 4,296,250 3 Minneapolis, MN 2.10 3,279,833 4 Pittsburgh, PA 2.02 2,356,285 5 Cincinnati, OH 1.64 2,130,151 6 Chicago, IL 1.59 9,461,105 7 Portland, OR 1.34 2,226,009 8 Los Angeles, CA 1.23 12,828,837 9 Charlotte, NC 1.11 1,758,038 10 Houston, TX 1.04 5,946,800 1 Cleveland, OH 2.85 2,077,240 2 Houston, TX 1.98 5,946,800 3 Pittsburgh, PA 1.96 2,356,285 4 Chicago, IL 1.94 9,461,105 5 Detroit, MI 1.53 4,296,250 6 Kansas City, MO 1.47 2,035,334 7 Cincinnati, OH 1.46 2,130,151 8 Minneapolis, MN 1.36 3,279,833 9 Riverside, CA 1.33 4,224,851 10 Portland, OR 1.31 2,226,009 3

IN-STATE & MULTI-STATE ECONOMIC CENTERS RANKINGS OF MIDDLE THIRD OF 100 LARGEST METRO AREAS BY INDUSTRY 1 Albany, NY 2.43 870,716 2 Raleigh, NC 1.55 1,130,490 3 Austin, TX 1.46 1,716,289 4 Baton Rouge, LA 1.36 802,484 5 Nashville, TN 1.27 1,589,934 6 Tucson, AZ 1.26 980,263 7 Richmond, VA 1.21 1,258,251 8 Oklahoma City, OK 1.18 1,252,987 9 Albuquerque, NM 1.15 907,755 10 Fresno, CA 1.02 930,450 1 McAllen, TX 1.95 774,769 2 New Haven, CT 1.59 862,477 3 Worcester, MA 1.54 798,552 4 Providence, RI 1.39 1,600,852 5 Dayton, OH 1.37 841,502 6 Tucson, AZ 1.35 980,263 7 Allentown, PA 1.30 821,173 8 Hartford, CT 1.25 1,212,381 9 Bridgeport, CT 1.23 916,829 10 Rochester, NY 1.21 1,054,323 1 New Haven, CT 3.41 862,477 2 Baton Rouge, LA 3.07 802,484 3 Rochester, NY 2.70 1,054,323 4 New Orleans, LA 2.12 1,167,764 5 Hartford, CT 1.51 1,212,381 6 Worcester, MA 1.50 798,552 7 Allentown, PA 1.42 821,173 8 Nashville, TN 1.38 1,589,934 9 Providence, RI 1.34 1,600,852 10 Milwaukee, WI 1.25 1,555,908 1 Honolulu, HI 2.05 953,207 2 New Orleans, LA 1.82 1,167,764 3 Albuquerque, NM 1.31 907,755 4 Tucson, AZ 1.22 980,263 5 Jacksonville, FL 1.14 1,345,596 6 Salt Lake City, UT 1.13 1,124,197 7 Memphis, TN 1.07 1,316,100 8 Nashville, TN 1.06 1,589,934 9 Bridgeport, CT 1.02 916,829 10 Austin, TX 0.97 1,716,289 1 Grand Rapids, MI 4.29 774,769 2 Dayton, OH 3.89 841,502 3 Milwaukee, WI 3.78 1,555,908 4 Worcester, MA 2.61 798,552 5 Tulsa, OK 2.53 937,478 6 Rochester, NY 2.32 1,054,323 7 Hartford, CT 2.32 1,212,381 8 Birmingham, AL 2.26 1,128,047 9 New Haven, CT 1.99 862,477 10 Oxnard, CA 1.97 823,318 1 Tulsa, OK 3.15 937,478 2 Rochester, NY 3.05 1,054,323 3 Milwaukee, WI 2.43 1,555,908 4 Worcester, MA 2.30 798,552 5 Birmingham, AL 2.11 1,128,047 6 New Haven, CT 2.03 862,477 7 Hartford, CT 1.90 1,212,381 8 Bridgeport, CT 1.86 916,829 9 Dayton, OH 1.84 841,502 10 Louisville, KY 1.60 1,307,647 4

REGIONAL ECONOMIC CENTERS RANKINGS OF BOTTOM THIRD OF 100 LARGEST METRO AREAS BY INDUSTRY 1 Harrisburg, PA 1.89 549,475 2 Columbia, SC 1.50 767,598 3 Madison, WI 1.39 568,593 4 Poughkeepsie, NY 1.35 670,301 5 Boise, ID 1.32 616,561 6 Little Rock, AR 1.30 699,757 7 Ogden, UT 1.30 547,184 8 Jackson, MS 1.28 539,057 9 Cape Coral, FL 1.24 618,754 10 Springfield, MA 1.10 692,942 1 Springfield, MA 1.58 692,942 2 Youngstown, OH 1.50 565,773 3 Toledo, OH 1.38 651,429 4 Akron, OH 1.35 703,200 5 Portland, ME 1.33 514,098 6 Scranton, PA 1.29 563,631 7 Sarasota, FL 1.28 702,281 8 Little Rock, AR 1.26 699,757 9 Jackson, MS 1.25 539,057 10 Modesto, CA 1.22 514,453 1 Charleston, SC 2.34 664,607 2 Springfield, MA 2.26 692,942 3 Scranton, PA 1.89 563,631 4 Poughkeepsie, NY 1.59 670,301 5 Colorado Springs, CO 1.24 645,613 6 Des Moines, IA 1.18 569,633 7 Provo, UT 1.00 526,810 8 Greenville, SC 1.00 636,986 9 Greensboro, NC 0.97 723,801 10 Palm Bay, FL 0.89 543,376 1 Cape Coral, FL 2.06 618,754 2 Sarasota, FL 1.65 702,281 3 Charleston, SC 1.59 664,607 4 Colorado Springs, CO 1.56 645,613 5 Portland, ME 1.35 514,098 6 Lancaster, PA 1.03 519,445 7 Palm Bay, FL 1.00 543,376 8 Harrisburg, PA 0.97 549,475 9 Augusta, GA 0.90 556,877 10 Syracuse, NY 0.90 662,577 1 Akron, OH 3.12 703,200 2 Springfield, MA 2.46 692,942 3 Greenville, SC 2.30 636,986 4 Youngstown, OH 2.15 565,773 5 Toledo, OH 1.92 651,429 6 Lancaster, PA 1.82 519,445 7 Greensboro, NC 1.37 723,801 8 Ogden, UT 1.29 547,184 9 Portland, ME 1.15 514,098 10 Syracuse, NY 1.07 662,577 1 Youngstown, OH 5.18 565,773 2 Akron, OH 3.25 703,200 3 Augusta, GA 2.09 556,877 4 Lancaster, PA 2.04 519,445 5 Springfield, MA 1.91 692,942 6 Greenville, SC 1.60 636,986 7 Chattanooga, TN 1.42 528,143 8 Toledo, OH 1.29 651,429 9 Lakeland, FL 1.29 602,095 10 Modesto, CA 1.27 514,453 5

INDUSTRY CLUSTER GROUP DEFINITIONS The following 6 industry cluster groups (consisting of combinations of more specific industries defined at the 4-digit NAICS level) were analyzed. A brief description for each cluster group has been provided below. Industry Cluster Group Definition Administration of programs concerning development and the environment. Services crucial to public order and safety including postal services, waste management services and justice activities. Offices of health practicioners, all ambulatory health care services, hospital and nursing care facilities, residential health care facilities. All educational instutitions for continuing education after high school, from colleges to universities to technical and trade schools. Individual artists and performing arts companies, spectator sports as well as event promoters and managers. All traveller accomodation and sightseeing transportation. Recreation and gambling industries. Manufacturing facilities such as foundries and machine shops as well as other general purpose machinery manufacturing. Manufacture of paper and paperboard, the fabrication of metal products, the supply of industrial and commercial machinery, as well as forging, coating, engraving and other treating activities. 6

Join AE University and access the complete list of 2012 Industry Hotspots and much more! Visit www.angeloueconomics.com/aeu to learn more. ABOUT ANGELOUECONOMICS AngelouEconomics partners with client communities and regions across the United States and abroad to candidly assess current economic development realities and identify opportunities. Our goal is to leverage the unique strengths of each region to provide new, strategic direction for economic development. As a result, AngelouEconomics clients are able to diversify their economies, expand job opportunities and investment, foster entrepreneurial growth, better prepare their workforce, and attract new economy companies. For additional information about these rankings and related analysis, please contact Michael Hennig by email at mhennig@angeloueconomics.com For all media inquiries and for additional information relating to AngelouEconomics and its available services, please contact Brooke Moore by email at bmoore@angeloueconomics.com or by phone at 512.225.9335 AngelouEconomics 8121 Bee Caves Road Suite 200 Austin, Texas 78746 PH: 512-225-9320 FAX: 512-225-9283 www.angeloueconomics.com Copyright AngelouEconomics, Inc. 2012. All Rights Reserved. 7