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Twenty-eight industry sectors make up the professional, scientific, and technical services cluster in Richmond. See Table 2.3 (right) for the full list of industry sectors.
The professional, scientific, and technical services cluster accounted for 1,532 jobs in 2017, and is 1.8 times more concentrated in Richmond than would be expected based on national employment averages.
This offers considerable hope for economic development in Richmond, showing that it has a good foundation to encourage more intensity, density, and growth for this cluster.
Supply Chain Analysis
Table 2.6 provides a picture about the total demand in Richmond by all Richmond residents and businesses for products made by companies in the professional, scientific, and technical services cluster—worth a total of nearly $355 million in the region.
In Table 2.6, we see that the companies in these sectors do not quite reach 25% of Richmond demand for their products, while Richmond imports the other 75% of its needs for these products. This would seem to indicate potential markets for local suppliers. Other industry sectors that could tap into the Richmond market include the following:
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