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University of New Mexico

BBER Publications

2006

Location quotient analysis

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Chama Mainstreet Community Economic Assessment, Jeffrey Mitchell Jul 2006

Chama Mainstreet Community Economic Assessment, Jeffrey Mitchell

BBER Publications

An analysis of the Chama, New Mexico community and market area. Socioeconomic data, including population growth and selected demographic, economic, and housing characteristics are described. The author discusses the significant economic challenges facing Chama, which are due to its isolated, rural location; lack of exporting industries; and need for investment in infrastructure. Chamas only major industry is tourism, primarily the Cumbres & Toltec Scenic Railroad. Using a location quotient analysis, the author discusses the area's pull factors and leakages in retail and services. He concludes with three recommendations for diversifying the local economy: establishing a base (export-oriented) industry in agriculture, …


Springer Mainstreet Community Economic Assessment, Jeffrey Mitchell Jul 2006

Springer Mainstreet Community Economic Assessment, Jeffrey Mitchell

BBER Publications

An analysis of economic conditions in Springer, New Mexico, commissioned for its MainStreet economic development program. The MainStreet Service Area and regional market area are described and illustrated. Demographic, income, and housing data for Springer, Colfax County, and the Northeast County Region (Colfax, Harding, Mora, San Miguel and Union counties) are analyzed. Using location quotients and pull factors, the author assesses the local economys strengths and weaknesses, and then lists several recommendations for revitalizing the area. Illustrated with tables, charts, and maps.'