Session 3.5Session 3.5

Top-7-Business-SectorTop-7-Business-Sector

Green powerGreen power

Cleantech, including smart grid, solar, biofuels, and batteries, overtook IT Cleantech, including smart grid, solar, biofuels, and batteries, overtook IT and biotech to garner 27 percent of all venture capital in the third quarter and biotech to garner 27 percent of all venture capital in the third quarter of 2009, according to Cleantech Group. of 2009, according to Cleantech Group.

The senior marketThe senior market

According to the U.S. Bureau of Labor Statistics, three of the top 10 industries According to the U.S. Bureau of Labor Statistics, three of the top 10 industries with the fastest employment growth relate to “aging services,” including with the fastest employment growth relate to “aging services,” including healthcare, elderly and disabled services, and community care facilities for the healthcare, elderly and disabled services, and community care facilities for the elderly. USC even has a new master’s program in aging-services management. elderly. USC even has a new master’s program in aging-services management.

Discount retailDiscount retail

At Wal-Mart, dollar stores, and resale shops, business is booming. While At Wal-Mart, dollar stores, and resale shops, business is booming. While sales at Neiman Marcus dropped 14.8 percent, Family Dollar had record sales at Neiman Marcus dropped 14.8 percent, Family Dollar had record profits of $291.3 million in 2009. And according to the National Association profits of $291.3 million in 2009. And according to the National Association of Resale Professionals, sales at secondhand stores grew by 31 percent of Resale Professionals, sales at secondhand stores grew by 31 percent last year. last year.

Local BusinessLocal Business

The Department of Agriculture says that farmers markets have seen 5 The Department of Agriculture says that farmers markets have seen 5 percent annual growth for the past five years. Major chains are introducing percent annual growth for the past five years. Major chains are introducing “Locally Grown” sections to their produce departments and the USDA “Locally Grown” sections to their produce departments and the USDA recently launched a “Know Your Farmer, Know Your Food” marketing recently launched a “Know Your Farmer, Know Your Food” marketing campaign. campaign.

There’s no better time to retrench or reinvent yourself than a bad There’s no better time to retrench or reinvent yourself than a bad economy. Revenues at institutes of higher education are expected to economy. Revenues at institutes of higher education are expected to grow 4.9 percent to $421 billion in 2010, according to IbisWorld. grow 4.9 percent to $421 billion in 2010, according to IbisWorld.

EducationEducation

Parental outsourcingParental outsourcing

The new name for childcare, housecleaning, and other domestic services, The new name for childcare, housecleaning, and other domestic services, “parental outsourcing” is booming. And revenue for tutoring, test prep, and “parental outsourcing” is booming. And revenue for tutoring, test prep, and driving schools is expected to increase to more than $7 billion in 2010. driving schools is expected to increase to more than $7 billion in 2010. Likewise for sports coaching. Likewise for sports coaching.

Health and wellnessHealth and wellness

Revenues from healthcare and social assistance grew 3 percent to $452 Revenues from healthcare and social assistance grew 3 percent to $452 billion during the second quarter of 2009, according to the U.S. Census billion during the second quarter of 2009, according to the U.S. Census Bureau. And the Home care industry grew 7 percent annually over the past Bureau. And the Home care industry grew 7 percent annually over the past five years, according to IbisWorld. five years, according to IbisWorld.