Target Cluster Review

The Arlington Chamber of Commerce is currently focusing its retention/expansion activities on four identified local industry clusters: Hospitality and Tourism; Emerging Technologies; Advanced Materials and Manufacturing; and Health Care and Life Sciences.

Market Street will use this proposed Economic Development Study process to review Arlington’s existing clusters to determine their current viability, and if any revisions or alterations need to be made to the community’s targets.
The basis of Market Street’s work will be the results of the Competitive Position assessment, the feedback from stakeholders in the public input process, and additional data work focused on Arlington’s recent and current economic structure viewed through the prism of emerging national and global industrial trends.

The Target Cluster Review will include research on:

Economic structure of the Arlington economy, at the two- and three-digit NAICS code levels, including location quotient and shift-share analysis; Short- and medium-term sector performance trends; Supportive capacity and infrastructure for existing Arlington target industries; and Emerging site-location and economic/industrial trends at the regional, state and national levels.

Market Street technical advisor will assess Arlington’s target industries based on the full complement of research conducted for this project to determine the viability of the community’s four target clusters, and whether adjustments or additions are demanded by the current realities of the regional, state and national economies.