The total number of establishments, total employment, and location qoutient per 2-digit NAICS industry sector for Erie County, PA.

Knowing the breakdown of business establishments in the county gives insight to the drivers of a location's economy and where there exists a surplus or gap within certain categories.

Type

Erie County's business establishments are significantly healthcare-oriented with the highest counts in Health Care and Social Assistance (1,277), followed by Retail (868) and Accommodation and Food Services (622) categories. Construction (491) represent a large portion of tradespeople as well as establishments in the Erie County economy. The total establishments for other services ( except public administration) is 679 which is the 3rd highest among all the establishments.

Location Quotient

Location quotient (LQ) measures industries that are truly unique and specialized in the regional economy (compared to the national average). Erie's highest LQ industries are in Manufacturing (1.91), Health Care and Social Assistance (1.52), Education Services (1,21) and Arts, Entertainment, and Recreation (1.20).

EVS analyzes the data in each topic category using indicators, which report a targeted and digestible number, rate, or amount to represent Erie County as a whole. While this does not cover every aspect of the topic, it assists in establishing Erie's performance relative to the prior year(s). The indicator for the Business Establishments topic is:

This indicator measures the total number of all business establishments for the latest data year in all of Erie County. New establishments contribute to job  and economic growth, and demonstrate a culture of innovation and  entrepreneurship in the region. The trend for Business Establishments is down in 2023 within the County.

Analysis performed by Data Center on data from Lightcast, as of 08/2024.