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Economic and Market Assessment City of Louisville, CO <br /> Location Quotient <br /> The Location Quotient (LQ) for a given industry sector is a measure of its concentration relative to the <br /> concentration of that sector in the United States. The LQ compares the local economy to the national <br /> economy to identify specializations in the local economy. Any employment over and above the expected <br /> percentage is therefore considered to consist of basic sector jobs because these workers are assumed to <br /> be exporting their goods and services to non-local areas. The LQs shown in the following table are <br /> derived from the numbers of employees in each industry sector. If the percentages are identical or the <br /> local percentage is less than the reference percentage, then the local area is considered to not have <br /> basic sector employment for that industry as the area can only meet their local demand and not export <br /> these goods and services. <br /> Location Quotients are shown for Louisville and Boulder County. Business categories highlighted in red <br /> indicate basic sector industries in the City of Louisville, and include construction; retail trade; <br /> information, finance and insurance with an emphasis on central bank/credit intermediation; <br /> professional, scientific and tech services; health care and social assistance; arts, entertainment and <br /> recreation, and; unclassified establishments. <br /> 17 <br />