Running Head: ECONOMIC BASE ANALYSIS OF BROWARD COUNTY,

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"Running Head: ECONOMIC BASE ANALYSIS OF BROWARD COUNTY, FLORIDA 13ECONOMIC BASE ANALYSIS OF BROWARD COUNTY, FLORIDANAICS 51136,0390.83Information13573 339322NAICS 52 Finance1.04and insuranceNAICS 53 Real 53463 124332estate and rental 1.43and leasing..

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"Running Head: ECONOMIC BASE ANALYSIS OF BROWARD COUNTY, FLORIDA 13ECONOMIC BASE ANALYSIS OF BROWARD COUNTY, FLORIDANAICS 51136,0390.83Information13573 339322NAICS 52 Finance1.04and insuranceNAICS 53 Real 53463 124332estate and rental 1.43and leasing88225 127863NAICS 71 Arts,entertainment, and 1.69recreationNAICS 72 152667 7633331.20Accommodationand food servicesNAICS 81 Other 7636 254538services, except1.03publicadministrationNAICS 996,7110.47UnclassifiedTotals623345 7,005,903 The base multiplier for Florida state == 11.239623345Running Head: ECONOMIC BASE ANALYSIS OF BROWARD COUNTY, FLORIDA 14As we know, basic employment is calculated only when the Location Quotient is greater than1 and the formula(Chiang, 2008).? ? ? ? ? ? ? ? ? ? ? ? ? ? ? =1-×? ? ? ? ? ? ? ? ? ? ? ? ? Is? ? applied.Table 2: assumption approach for Broward County, Florida in 2014Assumption Approach: Employment by Sector in Broward County 2014 ("U.S. Bureau of LaborStatistics", 2016)Industry Location Quotient Basic Employment Non-BasicEmploymentBase Industry: 661, 2561.00Total, all industriesNAICS 11824Agriculture,0.12forestry, fishing andhunting 95NAICS 21 Mining,quarrying, and oil 0.02and gas extractionNAICS 22 Utilities 0.31961NAICS 23 3962 360151.11ConstructionNAICS 31-33 0.40 27,396Manufacturing Running Head: ECONOMIC BASE ANALYSIS OF BROWARD COUNTY, FLORIDA 15NAICS 42 8872 328591.27Wholesale trade19258 87534NAICS 44-45 Retail1.22tradeNAICS 54 1926 48146Professional and 1.04technical servicesNAICS 557,238Management of0.59companies andenterprises22537 48995NAICS 56Administrative and 1.46waste servicesNAICS 61 4693 151391.31Educational services 79,527NAICS 62 Healthcare and social 0.77assistanceNAICS 48-4923,1180.90Transportation andwarehousingNAICS 51 1.17 2609 15347 Running Head: ECONOMIC BASE ANALYSIS OF BROWARD COUNTY, FLORIDA 16InformationNAICS 52 Finance 1285 321291.04and insuranceNAICS 53 Real 8445 11730estate and rental 1.72and leasingNAICS 71 Arts,11,490entertainment, and 0.95recreation6492 72132NAICS 72Accommodation 1.09and food servicesNAICS 81 Other 5296 24074services, except1.22publicadministrationNAICS 990.84 1,134Unclassified Total Basic85, 375? ? ? ? ? ? ? ? ? ? ? ? ? ? ? The base multiplier is gotten by= 7.74531? ? ? ? ? ? ? ? ? ?"