
Winston-Salem Economic Development Report
For my Economic Development Techniques course, I authored a report that details the economic history of Winston-Salem, analyzes the current economy based on various indicators, and proposes three economic development recommendations.
Indicators and variables analyzed include:
Demographic variables such as population growth, race and ethnicity, poverty rate, median household income, median gross rent, owner-occupied housing rate, and educational attainment
NAICS sectors by total employment
Largest employers in the city and county
SWOT analysis
NAICS 3-digit industry variables for local industry clusters, including total employment, location quotient, change in location quotient over the past decade, and local shift share
Bubble chart analysis
Background and trends in NAICS 5-digit sub-sector industries that are clustered in the region, using information from IBIS World Industry Reports
Labor market variables, including the change in the employment rate, unemployment rate, and total labor force over time
Largest occupations in the county by total employment
Job quality variables for common occupations, including expected occupational growth, location quotient, annual median wage, typical education needed, typical work experience needed, whether there is on-the-job training, and the skills and knowledge required for the occupation
Differences between national and local annual median wages for clustered industries
Revenue and employment projections for local industry clusters
Upstream and downstream linkages for two industry clusters