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9• Over 20 years of
experience in ec dev
• 12 years as site-selection consultant
• Finalist: International E&Y Entrepreneur of the Year
• Led ROI as a Profit 50 company
• Founder of Gazelle.ai
• PhD in Economics
• Recognized leader in cluster and competitiveness benchmark analysis
• Leads ROI’s consulting and data analytics practice
• 14 years experience in regional econ analysis
DR. NADINE JESERICHVP ANALYTICS
STEVEN JASTPRESIDENT
Lead
generation
Market intelligence &
targeting strategies
Business
expansion &
retention
In-market
representation
Economic
development
training
Trade
shows &
events
Gazelle.ai
ROI MODERN ECONOMIC DEVELOPMENT
Introducing
THE one-stop business intelligenceand lead generation platform that
forecastscompany growth and expansion
THE GOAL
5 WAYS WE MONITOR GROWTH
NAICS based definitions are more a statistical exercise to compare a cluster across regions
• evaluate regional cluster policies
• impact of clusters on firm and regional performance
WHY HAVE CLUSTER DEFINITIONS
"A cluster is a geographical proximate group of
interconnected companies and associated
institutions in a particular field, linked by
commonalities and externalities" (Michael E. Porter, On Competition)
LIMITATIONS: LOCAL AND EMERGING CLUSTERS
Clusters in the end are a local phenomenon:
• New technologies without NAICS codes
• “Unlikely friends”
Company data
• Not confined by NAICS codes
• Technology and product focus
that can link different companies
SAN DIEGO’S “BLUE ECONOMY”:
- water transportation cluster, tech cluster
- Study identified over 200 NAICS codes,
over 700 firms with “maritime-related”
activities
How to use company data for cluster identification• Pinpoint regions with
unique combinations of
growth companies
• Links to strong existing
industries that can help
as a catalyst for a new
unique cluster
Example 1 - emerging tech without NAICS: Automation
Types of Automation
Florida: consumer products
- Home automation
- Library systems
Here considered part of
cleantech not Industry 4.0
Georgia: IT services and
applications like telemetrics but
also manufacturing automation
Types of Automation
Example 2 – What is “advanced”
“ADVANCED MATERIALS”
• What share is really
“advanced” products
• Should it include 1st or
2nd tier products,
i.e. medical devices?
materialS - NAICS
Advanced materials - SMALL VC funded
Advanced materialsVC FUNDING
Beyond lead gen
Being aware of what is going on in your backyard to plan for:
Thank you!Steven Jast | [email protected]