Data Snapshot: Replacement Demand in Kootenai County, ID
Telling your story is one thing, but measuring the success of your economic development organization, and communicating that success to elected officials, board members and community stakeholders is just as critical. This page contains resources and information about all things metrics, benchmarking, and measurement for economic development.
The Office of Economic Vitality for Tallahassee-Leon County, FL tracks 85+ key economic indicators and maintains a statistical digest. They also have a newsletter that delivers quarterly economic updates to their subscribers.
Portland Maine's scorecard categorizes economic development trends as lagging, keeping up, or exceeding regional, state, and national trends as well as benchmark cities. And if we're being honest, we like this one because we helped build it.
The State of Virginia's economic development scorecard gives a snapshot of trends and government influence in each factor. It measures whether the government has a direct or indirect involvement in improving each metric.
The Greater Minneapolis Saint Paul Regional Indicators Dashboard is one of the few indicator dashboards we've come across that engage the community to contribute. Individuals can submit data that they feel helps Greater MSP pursue its goals. They even created a YouTube video explaining how to read it.
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Many economic development organizations struggle with creating and maintaining useful performance measurement systems. To help you get started, use this economic development metric scorecard tool as a launchpad for creating a system to track economic development metrics for your organization.