Document Type
Report
Publication Date
Spring 5-27-2021
College/Unit
Chambers College of Business and Economics
Department/Program/Center
Bureau of Business & Economic Research
Subject
Wheeling, West Virginia, WV, Economic Development, Cluster Analysis
Abstract
One of the most prominent strategies followed by economic development officials is to identify what the region already does well and work to enhance these strengths. Improving on a region’s competitive advantage has been the focus of Porter’s work on economic clusters, which he defines as network of companies that forms within a geographic location based on supplier relationships. In this report, we identify the industry clusters that are present in the Wheeling Metropolitan Statistical Area (MSA) and provide tools to assess the most promising clusters for economic development targeting. This type of cluster analysis has become an increasingly important way for regions to understand their local economic structure and more effectively develop strategies to promote economic growth.
Digital Commons Citation
Bowen, Eric, "Greater Wheeling Regional Plan: Industrial Cluster Analysis" (2021). Bureau of Business & Economic Research. 335.
https://researchrepository.wvu.edu/bureau_be/335