Our scorecard for this region’s performance in
the U.S. economy is based on 3 categories of data:
the U.S. economy is based on 3 categories of data:
performance
Taking the temperatureWhat are the dynamics of
economic activity in this location?
business
environment
understanding the business climateWhat is the quality of this location
as a place to do business?
DEMOGRAPHICS
& GEOGRAPHY
UNDERSTANDing the LegacyWhat are the demographic and geographic characteristics of this location?
Performance
Regional economic performance can be measured by indicators of overall performance directly related to the standard of living in a region, as well as intermediate indicators of economic activity that may or may not translate into a region’s standard of living.
Outcomes
Prosperity / Prosperity Growth
Wages / Wage Growth
Labor Mobilization / Change in Labor Mobilization
Jobs / Job Creation
Unemployment Rate (IBRC) / Change in Unemployment
Poverty Rate (IBRC) / Change in Poverty Rate
Intermediate Outcomes
Labor Force Productivity / Labor Force Productivity Growth
Innovation / Innovation Growth
New Business Formation
International Trade & Investment
Exports / Exports as a percent of GDP (IBRC)
Business Environment
Business Environment
The first key driver of regional economic performance is the quality of a region's business environment, which is shaped by policy and firm behavior.
Factor Input Conditions
Business Lending
Government Funding
Venture Capital / Venture Capital Growth
Scientific Degrees Awarded
Advanced Scientific Workers / Growth in Advanced Scientific Workers
Educational Attainment - Total Receiving a High School Diploma or More
Educational Attainment - Some College or Associates Degree
Educational Attainment - Total Completing a Bachelor’s Degree or More
Context for Firm Strategy and Rivalry
Unionization / Growth of Unions
Tax rates, index, or other
Corporate Taxes as Percent of GDP
Related or Supporting Industries
Cluster Strength / Employment Growth in Strong Clusters
Manufacturing Intensity / Manufacturing Jobs Growth
Demographics & Geography
Demographics & Geography
The second key driver of regional economic performance is a region's structure, which is largely shaped by population and demographic characteristics.
Population
Population by Age - Ages 0 to 4 (Preschool)
Population by Age - Ages 5 to 17 (School Age)
Population by Age - Ages 18 to 24 (College Age)
Population by Age - Ages 25 to 44
Population by Age - 45 to 64
Population by Age - Age 65 and older
Total Population growth rate
Young Adult Population Growth Rate
Population Density
Net International Migration
Net Domestic Migration
Agricultur / GDP
Gov. Employment - Local Services
Gov. Employment - Federal Services
Gov. Employment - Higher Education
Gov. Employment - Health and Hospitals
Firm Demographics
Average Firm Size
HQs of Large (Fortune 1000) Firms