Specifications include, but are not limited to: Task 1 – Review relevant town and regional studies to gain current knowledge of town and region efforts to define challenges and opportunities. Task 2 – Complete a qualitative assessment of industry investment and employment trends, with input from local property owners, businesses, and officials, residents, as well as regional and state-level officials and business-oriented non-profits. This analysis should qualify and add context to the quantitative analysis. This analysis may also uncover new ideas supportable with local leadership, talent, and capital. Determine Hingham’s competitive position - Define Hingham’s competitive position, among South Shore communities and the greater Boston region, as a location to attract private investment – commercial, office, mixed use, and industrial. Clearly articulate the town’s strengths, weaknesses, opportunities, and threats amid communities competing to attract private investment and generate new revenues. Task 3 – Propose and complete a quantitative analysis demonstrating regional advantage, relative to regional, state, and/or national economies. Potential approaches include: o Industry cluster analysis. Define and quantify large and high growth traded and nontraded industry clusters in all three markets. This approach should show how Plymouth County’s industry cluster mix aligns – and diverges – from state and national economies. o Dynamic model shift-share analysis, comparing trends in relative commercial presence at the national, state, and Plymouth County levels. This approach should show how Plymouth County’s economic composition is changing, relative to the state and national economy – including potential points of convergence, divergence, and competitive advantage...
