Community Analysis for Strategic Planning Chad R Miller

Community Analysis for Strategic Planning Chad R. Miller Ph. D. Professor of Economic Development College of Business & Economic Development

Strategic Planning Model A B C D E Where we are Assessment Where we want to be Baseline Components How we will do it Down to How are we doing Evaluate Specifics • Environmental Scan • Situation – Past, Present and Future • Significant Issues • Mission & Vision • Performance Measurement • Performance Management • Values / Guiding Principles • Targets / Standards of Performance • Situational Analysis • Align / Fit with Capabilities • Major Goals • Initiatives and Projects • Review Progress – Balanced Scorecard • Take Corrective Actions • SWOT – Strength’s, Weaknesses, Opportunities, Threats • Gaps • Specific Objectives • Action Plans • Background Information Source: Strategy-as-Story: The ABCDE Model https: //leadingstrategicinitiatives. com/2011/12/20/strategy-as-story-the-abcde-model/ • Feedback upstream – revise plans

Chap 3 -5. International Economic Development Council (2016). Economic Development Strategic Planning IEDC: Washington, DC.

IEDC -Economic Base Analysis Location Quotients • Prosperity Index = Shift share analysis Multipliers Wage Growth/Job Growth Input-output analysis of key industries Per capita tax digest= • Identification of industry clusters Tax Revenue/Population • • Include 2 Reports Finished Earlier 1. Retail Analysis 2. Target Industry Analysis

Conduct an economic inventory for a community including absolute change, percentage change, and cross area analysis for: – Community growth and change • Net migration • Population under 18 • Population above 65 • Population by race and gender • Population by geographic area – Self-sufficiency • Per capita income • Population below poverty level • Housing sales and foreclosures • Educational attainment – Workforce • Employment • Unemployment rate • Available workforce • Labor force participation rate • Occupational mix – Economic base • Number or share of employees by industry sector • Net change in business by industry • Wages by industry sectors • Patents by industry • Industry demographics • Retail sales – Knowledge-based Resources • Fed labs, universities, etc – The Triad • Human Capital Infrastructure • Physical Infrastructure • Public Policy Infrastructure – Quality of Life

QOP Metrics-General 1. 2. 3. 4. 5. Natural amenities Creative class Third places per capita Violent crimes Property crimes 1. USDA Natural Amenities Scale 2. EMSI (occupation group) 3. U. S. Census Fact. Finder 4. FBI report 5. FBI report Arts, Entertainment, and Recreation Food Services and Drinking Places Personal and Laundry Services Religious, Grantmaking, Civic, Professional, and Similar Organizations Libraries Total Third Places per Capita

QOP Metrics-Housing & Healthcare 1. 2. Housing & Healthcare County health rankings Health professional shortage areas (HPSAs) 3. Small area health insurance estimates 4. Total households 5. Single female headed households 6. Rented versus owner occupied households 7. Inversion into urban from rural areas 8. Median home value 9. Median household income 10. Eviction Rate 1. Source 4. 5. 6. County Health Rankings & Roadmaps HPSA Dataware. House U. S. Census Bureau Small Area Health Insurance Estimates U. S. Census Fact. Finder 7. 8. 9. 10. U. S. Census Fact. Finder Htaindex Eviction Lab 2. 3.

QOP Metrics-Infrastructure 1. Digital Divide Index (DDI) 2. H+T Index: transportation costs % income for the regional typical household; annual transportation costs for the regional typical household; annual vehicle miles traveled (VMT) per household for the regional typical household 3. NACo: structurally deficient bridges 4. Public Transit 1. 2. 3. 4. 5. Purdue. Edu htaindex NACo County Explorer On. The. Map NACo County Explorer

Policom MSA Economic Strength Rankings Source: http: //www. policom. com