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EDC Releases Benchmarking Tool to Measure Economic Health of Community

Brevard County, Fla (March 18, 2010) – The Economic Development Commission of Florida’s Space Coast is pleased to announce the official release of Space Coast Performance Indicators, a biannual publication monitoring the economic health of Brevard County. This new publication serves as an economic dashboard to assist businesses, government and civic leaders in determining how the Brevard County economy is performing relative to similar regions across the nation. The report measures targeted areas across key economic categories, providing an analytical foundation to identify opportunities to expand our economy.

A special taskforce comprised of EDC volunteers was tasked with choosing five regions with similar economic and workforce capabilities.  Final selected sites were Austin, Texas; Colorado Springs, Colorado; Huntsville, Alabama; Raleigh, North Carolina; and Wichita, Kansas.

 

Space Coast Performance Indicators compares Brevard to the five peer regions within the following nine categories: 

  • Education
  • Workforce 
  • Livability 
  • Competitiveness 
  • Productivity and Labor Supply
  • Technology and Innovation 
  • Business Dynamism and Vitality 
  • Economic Prosperity 
  • Economic Growth

Each region is ranked on every category on a one-to-six scale – one being the most favorable. No overall ranking is assigned, as each category is considered equally important to economic vitality.  Each report includes written analysis alongside the numbers as well as a system to show improvements and setbacks for each region from issue to issue.

 

“As the community agency tasked with monitoring the economic health of the Space Coast, this presentation of local data across a multitude of indicators and within a concise framework will allow us to provide a clear picture of where we stand as a community, as well as identify opportunities for the future or our economy,” said Lynda Weatherman, president and chief executive officer, Economic Development Commission of Florida’s Space Coast.  “It’s a powerful resource and I encourage leaders across the Space Coast to utilize this publication as an important business tool.”

 

Space Coast Performance Indicators is available for complimentary download, click here for a direct link.

 

This report is one of several new products launching this year from the EDC’s in-house research department, led by Research Specialist Neil Hamilton. Questions about the report and future releases can be directed to Hamilton at research@SpaceCoastEDC.org.

 

   
Annual Meeting Video

To view excerpts and comments from the EDC's 2009 Annual Meeting: Shift > Move > Produce, view the video below.

   

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Economic Development Commission of Florida's Space Coast, 597 Haverty Court, Suite 100, Rockledge, FL 32955 · P 800.535.0203 / 321.638.2000 · F 321.633.4200