Shift-share analysis is a valuable tool for understanding the components of regional economic growth by decomposing changes in employment into three effects: national growth, industry mix, and regional competitiveness. Applying this analysis to the Edmonton Census Metropolitan Area (CMA) provides insights into how various sectors are performing relative to national trends and highlights the region’s … Read more
The Rainforest model, developed by Victor W. Hwang and Greg Horowitt, is a metaphorical and structural framework for understanding and fostering innovation ecosystems, particularly exemplified by Silicon Valley. According to the model, successful innovation ecosystems are not like well-ordered farms with predefined roles and predictable processes but rather like rainforests, where a diversity of organisms … Read more
Description: Healthcare services include medical practices, clinics, pharmacies, and other health-related businesses. These services are essential for the well-being of the local population. Examples: Typical Minimal Size of Population Served to be Viable: A small city with a population of around 5,000 or more can support basic healthcare services, while a population of 10,000 or … Read more
Description: Retail trade involves the sale of goods directly to consumers, providing a variety of products to meet local needs. This sector contributes to the city’s vibrancy and serves as a key component of its economic landscape. Examples: Typical Minimal Size of Population Served to be Viable: A small city with a population of around … Read more
Wayfinders is evolving as a federation of business communities! Here you will find each community has an online support system customized by location and industry. The Wayfinders Federation of Communities is a visionary initiative by Wayfinders Business Co-operative, aimed at fostering a collaborative network of communities dedicated to supporting local businesses and driving community economic … Read more
