how to utilize broadband to help the local economy thrive, this seems like the ideal sector to focus on. Generally, agribusiness and agriculture tend to be poor ways to expand an economy, however the room for potential growth in agribusiness within Morgan County is proven through the industry’s vast stake in the local economy. tools such as the location quotient and multipliers in regards to different industries allows us to make comparisons to similar regions for further depth. First, we compared the number of jobs in food and beverage manufacturing versus the total number of jobs in the county and then compared it to totals statewide. Morgan County’s food and beverage manufacturing location quotient tallies 19.965 (State Demography Website, Appendix III). For the location quotient to equal one, Morgan County must have roughly 138 jobs in the food and beverage manufacturing industry. This leaves the county with an excess of about 2,626 jobs in the industry--roughly 94.99% of the food and beverage manufacturing industry’s products are exported to different regions. In comparison to other counties across Colorado, it is evident that Morgan County exports substantially more in the agribusiness industry than any other county. Denver County, the Colorado county which holds more jobs than any other, yields a location quotient of 1.284 for agribusiness (State Demography Website). Eagle and Mesa Counties’ yield quotients that are both substantially below one, and thus import products from the food and beverage manufacturing industry. Unfortunately, some of the counties directly around Morgan County had their food and beverage manufacturing data suppressed, so the LQ’s for these counties could not be calculated. The food and beverage manufacturing location quotients for Yuma, Logan and Weld county were all available and had location quotients of 0.30, 0.59 and 5.99 respectively. These regions
how to utilize broadband to help the local economy thrive, this seems like the ideal sector to focus on. Generally, agribusiness and agriculture tend to be poor ways to expand an economy, however the room for potential growth in agribusiness within Morgan County is proven through the industry’s vast stake in the local economy. tools such as the location quotient and multipliers in regards to different industries allows us to make comparisons to similar regions for further depth. First, we compared the number of jobs in food and beverage manufacturing versus the total number of jobs in the county and then compared it to totals statewide. Morgan County’s food and beverage manufacturing location quotient tallies 19.965 (State Demography Website, Appendix III). For the location quotient to equal one, Morgan County must have roughly 138 jobs in the food and beverage manufacturing industry. This leaves the county with an excess of about 2,626 jobs in the industry--roughly 94.99% of the food and beverage manufacturing industry’s products are exported to different regions. In comparison to other counties across Colorado, it is evident that Morgan County exports substantially more in the agribusiness industry than any other county. Denver County, the Colorado county which holds more jobs than any other, yields a location quotient of 1.284 for agribusiness (State Demography Website). Eagle and Mesa Counties’ yield quotients that are both substantially below one, and thus import products from the food and beverage manufacturing industry. Unfortunately, some of the counties directly around Morgan County had their food and beverage manufacturing data suppressed, so the LQ’s for these counties could not be calculated. The food and beverage manufacturing location quotients for Yuma, Logan and Weld county were all available and had location quotients of 0.30, 0.59 and 5.99 respectively. These regions
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