The Cedar Rapids Metro Economic Alliance’s mission
is “To Serve as the Catalyst for Economic Diversity,
Growth and Prosperity for our Region.” Our efforts
for Economic Development, Community
Development, Business Support and Public Policy are
informed by information gathered from our members.
This report is the result of area executives providing
their time and feedback regarding business
operations and the local economic environment.
2
existing industry snapshot
Transportation
4%
Telecommunications
1%
Technology/Information
9%
Retail Related Operations
Existing Industry Snapshot
4%
Other
Undetermined
High End Business Service
Transportation
Telecommunications
1%
Finance, Insurance, & Real Estate (F.I.R.E.)
1%
Retail Related Operations
Film and Movie Production
1%
Industrial Goods
Energy & Energy Utilities
High End Business Service
Durable Goods Producer
Health Care & Pharmaceuticals
Diversified
2015 Percentage
Durable Goods Producer
Communications
Agriculture
Business Service
Aeronautics and Defense
Building & Construction
2%
7%
1%
Advanced Manufacturing
Agriculture
Aeronautics and Defense
22%
0%
Advanced Manufacturing
0%
5%
10%
15%
20%
25%
Key Performance Indicators
National
Midwest
Iowa
Cedar Rapids 2015
10%
0%
Increasing Company Product Life Cycle
Sales
Emerging/Growing
New Products in
Last 5 Years
New Products in
Next 2 Years
53.00%
26.00%
57.12%
20%
45.58%
30%
56.61%
74.00%
75.42%
72.39%
72.25%
83.00%
81.18%
65.00%
61.90%
65.80%
61.67%
70%
77.36%
80%
78.15%
90%
64.50%
3%
Building & Construction
Consumer Goods Producer
60.00%
18%
4%
Business Service
Diversified
66.10%
8%
2%
Communications
Energy & Energy Utilities
65.10%
2%
Consumer Goods Producer
Film and Movie Production
40%
0%
Technology/Information
Finance, Insurance, & Real Estate (F.I.R.E.)
50%
7%
Health Care & Pharmaceuticals
Other
60%
1%
Industrial Goods
2015 Percentage
Plans to Expand in Projected Increase
Next 3 Years in Employment Needs
3
10%
20%
30%
Workforce Characteristics
Availability
Quality
Stability
5.7
5.6
5.5
5.6
5.4
5.3
4.9
Cedar Rapids Metro 2015
5.2
5.4
4.8
Iowa
4.5
4.8
Midwest
4.1
4.1
4.5
6.0
5.0
4.0
3.0
2.0
1.0
-
4.7
National
Productivity
Community Characteristics
Government Transportation
Services
Education
6.1
5.8
5.8
6.0
5.6
5.6
Cedar Rapids Metro 2015
5.1
4.7
Iowa
5.0
5.1
4.9
6.0
4.0
2.0
-
5.0
National
Health
& Well-Being
cedarrapids.org
501 First St. SE
[email protected]
319.398.5317
Thank You to all our members
4
who took the time to
participate in these interviews.
The information provided helps
Availability
Quality
Stability
Productivity
munity Characteristics
Government Transportation
Services
6.1
5.8
5.8
6.0
5.6
Cedar Rapids Metro 2015
5.6
5.1
4.7
Iowa
5.0
5.1
4.9
5.0
0
0
0
-
National
Health
& Well-Being
Education
5
International
8%
Regional
23%
National
67%
HEALTHCARE REFORM
MORE STRINGENT STATE/FEDERAL
REGULATIONS (DOT, EPA, FDA,
OSHA)
7
cedarrapids.org
501 First St. SE
[email protected]
319.398.5317
Thank You to all our members
who took the time to
participate in these interviews.
The information provided helps
inform the strategy for the
Economic Alliance.
PROUD TO BE
P RT OF: