The POLICOM Corporation, an independent economic research firm, recently conducted an analysis of the Amarillo economy. The results of the study produced a recommended target list of industries for the Amarillo EDC's use in its business recruitment and retention efforts. In the analysis, POLICOM followed a process of elimination or inclusion based on a business's annual average wage, geographical location, and various historical industry data.
POLICOM's recommended target industries, combined with Amarillo EDC's resources and experienced leadership and staff, has focused the Amarillo EDC's efforts tremendously and ultimately improved the quality of the local economy. One of the key sectors recommended for Amarillo is Diversified Manufacturing.
Focuses in this industry mix include primary metal industries, fabricated metal products, industrial machinery, electronics and instruments. Companies under this category manufacture mid-value, mid-to-high bulk products which are under extreme pressure to reduce costs. Many of these businesses are still located in the industrial Midwest and Northeast where real estate, taxing, and wage pressures make operation expensive, especially in the face of growing foreign competition.
For more information about how your company can explore opportunities in Amarillo, contact us at 1-800-333-7892