Analyst, a web-based tool by Lightcast can help those involved in economic development better understand a region and make good decisions about how to build strong regional economies in Ontario.
Analyst can help economic developers identify emerging industry opportunities in a region using location quotient and shift-share analysis. In knowing where growth opportunities exist, economic developers can look for ways to focus on and assist businesses in their regions to remain heathy and grow by understanding their challenges, vision and opportunities.
Analyst can also identify supply-chain opportunities in the selected industry’s using Analyst’s supply chain report. Keeping supply chains local, is part of a ‘buy local’ strategy. It keeps money brought into your region circulating in your region.
To see how Analyst can enhance your economic development activities, watch this tutorial on emerging industries presented by Bacle Fowler Lightcast Account Manager. Emerging Industries Tutorial.
OMAFRA gives rural municipalities and not-for-profits opportunity to access Analyst economic analysis software. To find out more visit Analyst: economic analysis software | ontario.ca. If you have any questions, please feel welcome to contact us at: edar@ontario.ca.
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