Silverlode helped a manufacturing-based community in Ohio to identify new target industry sectors.
Economic Impact Analysis, Economic Development Services
Hamilton Ohio, like many other mid-sized cities in the Midwest, disproportionately relied on manufacturing. To improve its competitiveness as a business location, the city needed to diversify its industries and strengthen its economic base. The City of Hamilton engaged Silverlode to identify appropriate industries to attract and to conduct economic impact analyses.
Silverlode's target industry analysis evaluated available real estate, labor costs and availability, utility costs, and quality of life – all crucial factors for companies considering locations for new facilities. We also evaluated economic indicators such as industry concentration and industry growth projections, to develop a prioritized list of high-performing industry sectors that could benefit from Hamilton’s location and attributes. The report also included a series of detailed marketing strategies to focus and enhance the City’s business attraction efforts.