Tracking Success We will use our own unique measures based on the strategic objectives of the commu- nity and the region. We will collect and review primary and secondary data to establish performance measures that will yield the information needed to make an honest evalu- ation of the effectiveness of our programs. While some data may be difficult to capture on an annual basis, we will focus on indicators related to real estate, workforce charac- teristics and activity and business dynamics. Data considered may include: Assessing Business Dynamics
▶ Number of business establishments ▶ Business attraction/expansion activities ▶ Collaborations facilitied ▶ Monitoring registered patents ▶ Number of Fortune 5000 companies ▶ Top employers
▶ Business lifecycles/projections ▶ Publicity of business activities
Assessing Workforce Characteristics and Activity ▶ Size of available workforce ▶ Characteristics of workforce ▶ Professions/careers ▶ Wage/benefits related data ▶ “Cool” workplace trends
▶ Internships/apprenticeships ▶ Forecasts of workforce needs ▶ College graduate placement
Assessing Real Estate ▶ Vacancy rates ▶ Sales activity ▶ Market rates ▶ Own versus lease ▶ Taxable value
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