Major employment sectors by revenue generated:
Despite the large number of jobs lost in manufacturing, this sector still generated the most revenue– over 7 billion dollars in revenue in 2008. Wholesale and retail trade, as well as construction, and accommodation and food services are also important major contributors to the local economy. The sectors that contribute modestly to the revenue generated are: financial and insurance; transportation and warehousing; and agriculture. Professional sciences and technical services all contribute smaller numbers (revenue for the latter category is difficult to quantify).
Figure 8.17 shows net change in revenue from 2003 to 2008. While previous figures show that manufacturing revenues exceeded all other sectors, it still showed a dramatic decline of almost 1.5 billion dollars over the past 5 years. In the same time period, construction, retail trade and wholesale trade showed significant growth. Source: Niagara Workforce Planning Board
