In new scorecard ranking among 6 metro areas, Tampa Bay drops to bottom
Tampa Bay fell from third to sixth -- last place -- in the"regional economic scorecard" comparing Tampa Bay's state of the economy to five competing metro areas. The scorecard was released this morning by the Tampa Bay Partnership. The regional economic development group's findings for Tampa Bay in three of the six categories measured showed declines, while three remained unchanged. Most significant, the scorecard reported steady or improved performance in the five comparison regions, namely Atlanta, Dallas, Jacksonville, Charlotte and Raleigh-Durham. (Link to the report is below.)
"It’s about jobs and housing affordability related to wages," said Mike Vail, Sweetbay Supermarket chief operating officer (see photo) who leads the scorecard initiative for the Partnership. "This scorecard clearly shows we need to strategically address creation of good, higher wage jobs to make a measurable and competitive difference in our economy."
The scorecard measures the six economic driver categories of employment and workforce, income and productivity, housing, innovation, education and transportation. This is the first scorecard to include the Partnership’s newest economic development partner and 8th county, Citrus County.
Here's how Tampa Bay fared in the latest scorecard (1 is best, 6 is worst):
Employment and workforce: Dropped from 4th to 5th.
Income and productivity: Dropped from 2nd to 4th
Housing: Unchanged at 6th.
Innovation: Unchanged at 5th.
Education: Unchanged at 3rd.
Transportation: Dropped from 3rd to 5th.
Here's the pecking order of the six metro areas, best to worst, based on the new scorecard: Perennial winner Raleigh-Durham, Dallas, Charlotte, Atlanta, Jacksonville and Tampa Bay. Here's the link to the complete regional economic scorecard report. The St. Petersburg Times will be reporting more on this scorecard later today here.
-- Robert Trigaux, Times Business Columnist