Miami Valley Economic Base Assessment

Board of DirectorsJanuary 5, 2006

Study Goals9 Follow up to the 2005 State of the

Region report to conduct more in depth review of the economic attributes in the Region

9 Provide a statistical measure of where the Region’s economy stands in comparison to the State of Ohio and to the US

Study Area9 8 Counties of the Miami Valley

Region

Warren CountyButler County

Preble County Greene County

Clark County

Miami CountyDarke County

Montgomery County

Greenville

Troy

Springfield

Xenia

Eaton

Hamilton Lebanon

Dayton

WPAFB

MICHIG AN

INDIANA

KENTUCKY

OHIO

WESTVIRGIN

PEN

NSY

LVA

N

The Miami Valley Region

Economic Indicators Review Income

9 Per Capita Income9 Average Wage

Business9 Business Establishments9 Business Starts

Labor Force9 Employment by Industry9 Employment by Occupation9 Employment Participation

Income – Per Capita Income

Business – Business Establishments

Labor Force – Employment by Industry

Economic Base Analysis

Conducted Location Quotient and Shift-Share Analysis to assess the Region’s Economic Base

Analysis Framework9Used 1970 and 2000 Employment Data by

Industry9Used State of Ohio and US as a Reference Area

Location Quotient Analysis Measures the relative concentration of each industry

sector in the regional economy

Shift-Share Analysis Measures the relative

changes that have taken place over time and reveals real growth versus apparent growth

Separates economy growth into 3 components9 Reference Area Growth

Effects9 Industry Mix Effects9 Regional Shift Effects

Study Report and More Available in PDF at

www.mvrpc.org/rlu