INNOVATE INDIANA

BENCHMARKING & MEASUREMENT
The RDA, MACOG, Michiana Partnership The RDA and Steering Committee will
and the Steering Committee will calculate receive regular updates from county-based
the initial baseline and update the metrics subcommittees about project performance
on an annual basis (as applicable) to
and opportunities within the region.
monitor the performance of the region in Benchmarking results will serve as one of the
comparison to benchmark communities. review factors for these projects.
FIGURE 25
NORTHERN INDIANA ECONOMY METRICS
SECTION 8
EXECUTIVE SUMMARY THE REGION ENGAGED CURRENT TRENDS
STATE OF THE REGION
& QUALITY OF PLACE
INDICATOR
Employment
Growth
1990–Current
Per Capita Income
as a Percent of US
GDP Growth
2001–Current
RCI QOP
METRIC
Yes
Yes
Yes
DESCRIPTION
Measures the change/growth in total number of persons employed
within the defined area of an MSA between 1990 and the most
current period available.
Measures the relative position of the per capita income in a
particular MSA or region to the US. Example: A value of 75%
means that an MSA or region had Per Capita Incomes that was
75% of US average.
Measures the change in the economic output of an MSA between
200 and the most current period available.
VISION & STRATEGY PROJECTS
ECONOMY
Vacant Units as a
Percentage of All
Housing Units
Change in Median
Household Income,
2000–Current
Median Home
Value to
Household Income
Startups, Percent
of Total Firms
Percent in Poverty
Yes
Yes
Yes
Yes
Yes
Measures the health of the startup and entrepreneurial industry in
an MSA including investment, access to capital and other supports.
Measures the concentration of arts and/or access to the arts
in a similar way that physicians per capita is a measure of
access to healthcare.
Measures how many times the median household income goes
into the median household value. Example: A value of 2.5 means
that the median home is valued at 2.5 times what the median
household earns.
Measures the level of startup activity in the region as a
share of total firms.
Although measures of poverty have changed with time, that change
has generally been to keep in line with the changing realities of the
poor. Measures the economic and social condition
of impoverishment.
REGIONALCITIESOFNORTHERNINDIANA.ORG |
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STAKEHOLDERS, EXECUTION
& STRUCTURAL CHANGES
BENCHMARKING
& MEASUREMENT
ADDITIONAL SUPPORT