In 2013, Wisconsin Manufacturing Extension Partnership helped sponsor original research on Wisconsin’s driver industries. Some of the key findings from the “Economic Future Study” are as follows:
- Of the 38 driver industries in Wisconsin, 37 of them are in the manufacturing sector.
- Wisconsin’s location quotients for industries as defined by the four-digit NAICS code, range from 1.59 for “office furniture and fixtures” to 9.06 for “other transportation equipment.”
- Location quotient (LQ) is basically a way of quantifying how concentrated a particular industry, cluster, occupation, or demographic group is in a region as compared to the nation. It can reveal what makes a particular region “unique” in comparison to the national average.
- As a point of reference, anything above 1.2 is considered a strong location quotient.
- Wisconsin’s employment trends and gross domestic product tend to mirror, but lag, those of the US as a whole.
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