Want a peek behind thecurrent economic malaise? Believe it or not, some industries areactually growing — some by double digits — at a time when we'resupposed to be thrilled over a 2 percent hitch in the GDP.

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According to a recent study by Sageworks Inc.,a group that tracks financial information for private companies,some industries have actually experienced significant growthover the last 12 months. They are:

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  1. Technical and trade schools — 10.80%growth
  2. Home healthcare services — 10.14% growth
  3. Activities related to credit intermediation —9.06% growth
  4. Pharmaceutical and medicine manufacturing —8.95% growth
  5. Educational support services — 7.80%growth
  6. Outpatient care centers — 7.64% growth
  7. Individual and family services — 6.88%growth
  8. Data processing, hosting and related services— 6.84% growth
  9. Software publishers — 5.91% growth
  10. Community care facilities for the elderly —5.79% growth

I recently attended the Target Markets Program AdministratorsAssn. (TMPAA) meeting, which is less a convention or meetingin the traditional sense and more of a networking opportunity foragents, carriers and program administrators. Within an intimatesetting of 600 or so attendees, potential partners meet to discussthe nuts and bolts of current and future programs — which is prettymuch the wave of the future, given the current state of theproperty-casualty insurance market. Specialization has proven to benot just smart business, but a way to simply survive in businesstoday, for both agents/brokers and carriers. The agents I spokewith at the meeting testified to the fact that although theirbusiness growth was flat, things would have been even worse withouttheir specialty niches.

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So if your current specialties are in stuff like construction,housing or manufacturing, you might want to give a closer look tothe 10 industries listed above. In today's economic climate, theirgrowth can go nowhere but up.

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