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Title: gfgasdfdsa

1
Measuring for Success
2
Gross Domestic Product

What is it? - The market value of all final goods
and services produced within an area for a given
period of time
Why is it important? - It is a comprehensive
analysis that is universally used to evaluate the
health of an economy.
How are we doing? -

3
Labor Force

What is it? - The aggregate of all employed and
unemployed people within the region
Why is it important? - It illustrates the
workforce capacity of the region and indicates
the quantity of the available workforce for
existing and new employers.
How are we doing? -

4
Average Wage

What is it? - Total payroll of each private
sector employer divided by the number of
employees
Why is it important? - It demonstrates the
quality of the jobs in a region.
How are we doing? -

5
New Business Starts

What is it? - Net growth of the number of
privately-owned firms
Why is it important? - It is an indicator of the
vibrancy of the economy- entrepreneurship, job
opportunity, business vitality, and business
climate.
How are we doing? -

6
Cost of Health Care

What is it?- Cost of employers share of a family
health plan
Why is it important?- This is an important factor
in the decision of a business who is considering
growing or relocating to the Berkshires.
How are we doing?-

7
Cost of Doing Business Index

What is it? - It is an index of a rolling three
year average of local business expenses
including labor costs, energy costs, tax burden
and office rent.
Why is it important? - It is an important factor
that affects the sustainability and growth of
existing businesses as well as the ability to
attract new businesses to the region.
How are we doing? -

8
Patents Issued

What is it? - Total number of patents issued to
firms divided by total employment
Why is it important? - It demonstrates the
innovative capacity of a region.
How are we doing? -

9
Internet Access

What is it? - Percentage of population with high
speed internet access
Why is it important? - It is important for
economic development, education, and public
safety of the more rural sections of the
Berkshires who have little or no access.
How are we doing? -

10
Population

What is it? - An estimate of the current
population based on the U.S. Census
Why is it important? -It is an indicator of the
health of the regional economy and how attractive
the region is to people and investment that in
turn support economic expansion.
How are we doing? -

11
Higher Degree Attainment

What is it? - Percentage of population age 25 and
over with at least a 4-year college degree
Why is it important? - It drives the
competitiveness of the region and illustrates the
workforce capacity and the quality of the
available workforce for existing and new
employers.
How are we doing? -

12
Chronic Disease

What is it? - Deaths from cardiovascular disease
Why is it important? - A healthy and active
community leads to a more productive and
competitive regional economy.
How are we doing? -

13
Cost of a Single Family Home

What is it? - The median selling price for all
single family homes
Why is it important? - It indicates the
availability of affordable housing for residents
and supports efforts to attract people to live
and work in the Berkshires.
How are we doing? -

14
Balanced Land Use

What is it? - Percentage of undeveloped land
(farms, forests, wetlands, vacant)
Why is it important? - The growth of the
Berkshires economy needs to be balanced with the
environmental strengths that contribute to the
quality of life, brand and competitiveness of the
Berkshires.
How are we doing? -

15
Air Quality

What is it? - Ozone levels exceeding EPA
acceptable standards
Why is it important? - The growth of the
Berkshires economy needs to be balanced with the
health, wellness and environmental strengths that
contribute to the quality of life, brand and
competitiveness of the Berkshires.
How are we doing? -

16
Recycling

What is it? - Percentage of solid waste recycled
Why is it important? - Local conservation of
environmental resources are part of the
Berkshires interconnectedness to the global
economy.
How are we doing? -

17
Measuring for Success

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