Transcription
Clusters and Clusters Analysisin the Laredo RegionDr. Federico SchafflerDirector Texas Center for Border Economic and Enterprise DevelopmentTexas A&M International UniversityPresentation for members of the LaredoEconomic Development CommitteeLaredo, Texas, November 5, 2020
What are Clusters?Who is Michael Porter?Source. Harvard Business School, Institute for Strategy & Competitiveness.
Michael Porter Clusters ModelSource: ond‐Model fig1 263410832
Types of ClustersLocal clusters consist of groups ofindustries that primarily serve the localmarket. Local clusters are not typicallyimpacted by the competitive advantages ofa region or a particular location. Themajority of employment in a region comesfrom local clusters. They are not directlyexposed to competition from outside oftheir direct geography. Some examples oflocal clusters include local health serviceslike dentists and eye doctors.Traded clusters provide products andservices for cross regional markets and theybring in dollars from outside the region. Thedollars generated from traded clustercompanies are important to economicgrowth in the region because they representnew wealth being brought into the arearather than the simple recirculation of wealthalready present in the market. The majority of a region’s jobs and job growthcomes from its local clusters. However, traded clusters generate higherlevels of innovation and offer higher wages. Local clusters typically support the tradedclusters in a region. Both cluster types are important to theeconomic health and vitality of a region’seconomy.Sources. Image: Chicago Fed. Definition: t
Interrelation of ClustersSource. Image: Chicago Fed.
Types of Clusters?
Laredo MSA Employment Clusters Growth (2000‐2019)
Laredo MSA Clusters: Employment Clusters(2009 v 2019 comparison)
Laredo MSA Clusters: Employment Clusters(2000‐2019 comparison)
Laredo Employment by Major Occupational Group(2019‐2029 est.)
Laredo MSA Clusters:Employment Clusters 2009
Laredo MSA Clusters:Employment Clusters 2009
Laredo MSA Clusters:Employment Clusters 2019
Laredo MSA Clusters:Employment Clusters 2019
Traded/Local Clusters Employment (Webb Co. 2017)Source: U.S. ClusterMapping Project
Webb County Wages by Traded Cluster 2017Source: U.S. ClusterMapping Project
Webb County Private Wages by Local Cluster, 2017Source: U.S. ClusterMapping Project
Existing Strategic Planning Guidelines for the Laredo Region
Target Industries and Niches (Laredo Comprehensive Plan)
GraciasFor moreinformation:Dr. Federico SchafflerDirector Texas Center for BorderEconomic and Enterprise Development(956) tamiu.edu
Nov 05, 2020 · by the competitive advantages of region or a particularlocation. The of employment in a region comes from local clusters.They arenot directly exposed to competition from outside of direct geography. Some examples of local clusters include local health services like dentists and ey
