Special Topics in Planning: Economic Development: Goals, Strategies and Tools Vincent Zhang's Explainer Video

Each fall semester, Cornell Visiting Lecturer, Tom Knipe teaches a Special Topics Course in Economic Development Planning. Tom is an alumnus of the Cornell Masters in Regional Planning Program, from which he graduated in 2011. Tom currently serves as the Director of Economic Development for the City of Ithaca, New York.

This semester, each of the students enrolled in Tom's Economic Development Planning Course, produced an 'explainer' video on a specific economic development tool.

In this explainer video, Cornell Undergraduate Architecture Student, Vincent Zhang, explains one of the vital concepts of economic development planning in this video on location quotients. According to the Bureau of Labor Statistics, Location quotients are a measure of the weight of individual occupations or industries and their concentration in the United States, in an individual geographic area. Location Quotients are a measure of local employment in an "occupation or industry to national employment in that occupation or industry."