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Timothy F. Slaper Indiana Business Research Center Kelley School of Business Indiana University 52 nd Annual Conference, Oklahoma City, OK June, 2012 Serving Up Data: Integrated Economic and Demographic Profiles at Your Fingertips Slide 2 STATS America The Regional Data Toolkit 2 Economic and Demographic Data Regional Profiles Custom Region Builder Measuring Innovation Innovation Index Measuring Distress Slide 3 Data tools have much in common Powered by the IBRC database with 1 billion plus records (and growing) Easy-to-use Free! Build you own region capability Graphing and mapping No service charge! Nationwide comparisons Accurate and timely At a price you can afford! 3 Slide 4 Why STATS America ? Develop data-driven regional development strategies Identify unique competitive advantages Identify economic assets What are the economic and demographic trends? Need data to track industry, employment and workforce changes What does the region specialize in? Socio-economic benchmarking, location quotients 4 Slide 5 Why STATS America ? Define and compare against the regions peers Economy, population, resources, transportation linkages, education, natural amenities What can be learned from peer leaders/laggards? What are the regions existing and emerging clusters? EDA funded the development of the website under the project Crossing the Next Regional Frontier 5 Slide 6 Mapping a Regions Assets 6 What are the regions distinct (hard) economic assets? What are the regions (soft) assetsSocial capital? Networks? Human Capital? Are there unexploited assets that can be tapped? What are the regions greatest economic barriers? Slide 7 USING STATSAMERICA Benchmarking and Peer Analysis: Counties in Profile 7 Slide 8 Slide 9 9 Slide 10 10 Click on the link for the county overview Slide 11 Slide 12 Click on the rank to get data for all counties Slide 13 Youll have to use the edit-select all and copy commands to move data into a spreadsheet. Slide 14 Find your peers based on socio-economic characteristics Find By Value Slide 15 Find your peers based on socio- economic characteristics Slide 16 Find By Value 16 Slide 17 Find By ValueResults 17 Click on a county to get that countys profile, e.g., Chaves County, NM Slide 18 18 Slide 19 Region Profile by Radius 19 Slide 20 COMPARING PROFILES Benchmarking and Peer Analysis: County-Metro Side-by-Side 20 Slide 21 Slide 22 Compare up to four areas across the nation side-by-side Slide 23 Youll have to use the edit-select all and copy commands to move data into a spreadsheet. Four Counties Side-by-Side Slide 24 24 Youll have to use the edit-select all and copy commands to move data into a spreadsheet. Slide 25 STATE PROFILES Benchmarking and Peer Analysis: States in Profile 25 Slide 26 Slide 27 Slide 28 Complete State Profile 28 Click on the rank to get data for all counties Slide 29 Slide 30 Data for all states conveniently packaged in one Excel file Slide 31 MEASURING INNOVATION Benchmarking and Peer Analysis: Innovation Index 31 Slide 32 Slide 33 Select counties either by the state/county menu or the map selection Slide 34 Predefined Regions Too! Slide 35 35 Slide 36 MS Three Rivers Planning and Development Commission Slide 37 Click on graphic to drill down into the sub-components and data Slide 38 Four sub-indexes plus state context Slide 39 Each measure is also graphed Establishment churn and establishment sizes are two measures within economic dynamics Slide 40 Drill down to the data by county Slide 41 MEASURING DISTRESS Distress indicators for federal grantsEDA application criterion 41 Slide 42 Slide 43 Measuring Distress Distress indicators for federal grants EDA guidelines for distress Nationwide counties, districts, tracts Region builder Calculates thresholds automatically Current, accurate source data 43 Slide 44 Select County or Census Tract 44 Slide 45 LAUS bulk download filesLAUS bulk download files for counties are also available. Slide 46 Measuring DistressCustom Region 46 Slide 47 Regional Summary 47 Slide 48 County Details 48 Slide 49 Census Tracts Easy to select using map or drop downs 49 Slide 50 Neighborhood and Tract Details 50 Slide 51 LAUS bulk download filesLAUS bulk download files for counties are also available. Look for link at bottom of page. Slide 52 Slide 53 Questions? For more information, contact: Timothy Slaper or Carol Rogers Indiana Business Research Center Kelley School of Business Indiana University tslaper@indiana.edu rogersc@iupui.edu