The City of Mesa makes 5-Year Plans for Economic Development. What's been missing all these years is a broader definition of Economic Development to include Racial and Geographic Inclusions. It has become even more out-of-balance than ever before.
Let's go back first to 2018 to a post on this blog for reference, and then an insert of a recent update:
Objective Metrics For Regional Economies
The Brookings Institution Metro Monitor provides leaders across metropolitan America with a set of objective metrics to guide their efforts in shaping advanced regional economies that work for all.
It tracks the economic performance of the nation’s 100 largest metropolitan areas along three dimensions:
growth,
prosperity
inclusion
This is posted as a follow-up to the 18 Jan 2018 Brookings Institution presentation: "The Rise of Mesa's Innovation District" that attracted a full-house at The Ikeda Theater.
See the results for the Phoenix MSA in the following details.. .
The three dimensions represent the pillars of successful economic development which should encourage robust long-run growth (growth) by improving the productivity of individuals and firms in order to raise local standards of living (prosperity) for all people (inclusion). Along each dimension, the Metro Monitor tracks three indicators, measuring the rate of change during the most recent
- one-year
- five-year
- ten-year periods.
Finally, the results of this indicator analysis are compiled into composite scores, providing overall performance rankings of metropolitan areas for each category.
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Explore data for
The Phoenix metropolitan area
Phoenix's overall rank on Growth: 39th
Phoenix's percent change in:
Jobs: +13.1% (26th of 100)
Gross metropolitan product (GMP): +8.6% (51st of 100)
Jobs at young firms: -0.5% (64th of 100)
Phoenix's overall rank on Prosperity: 82nd
Phoenix's percent change in:
Productivity: -4.0% (89th of 100)
Standard of living: +0.0% (84th of 100)
Average annual wage: +3.3% (68th of 100
Phoenix's overall rank on Inclusion: 61st
Phoenix's percent change in:
Employment rate: +5.6% (28th of 100)
Median wage: -1.9% (70th of 100)
Relative poverty: +0.5% (77th of 100)
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Metro Monitor 2017 Dashboard
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Metro Monitor 2021 - Brookings Institution
www.brookings.edu › interactives › metro-monitor-2021
Metro Monitor 2021 tracks the inclusive economic growth performance of the 192 largest U.S. metro areas, which together are home to 78% of the nation's population and contribute 84% of the nation's GDP. *Of the 53 very large metro areas with populations over 1 million. ...
Phoenix leads in growth, but wealth disparity is wide, report shows
More >
23 June 2019
Jon Talton: Tongue-Lashing All "The Phony Happy Jive-Talk" For Phoenix
Sure looks like the indomitable Jon Talton is hitting his stride once again with a warmed-up pen in excessive heat and dirty air all across the entire East Valley and the Phoenix Metro Area - with Mesa as the biggest suburban sprawl in the entire nation.
Rogue Columnist
Hype rises as the heat accelerates. Talton takes it all down when he disrupts some newly-concocted "Urban Myths" about fast growth:
Growth doesn't pay for itself.
"As regular readers know, population growth brings carrying costs: Increased need for
Readers of this blog can find out more by using the Searchbox on this blog - type in "Mesa Ranks" or "Phoenix Ranks" or "Arizona Ranks"
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Debunking the myths:Population increase in Phoenix can be attributed to retirees and the low-wage service jobs that cater to them.If the local-yokel boosters — "things must be good because people keep moving here" — are having a growthgasm, they're faking it.
> Phoenix ranks as one of the worst cities for growth of its millennial population. It even ranks poorly for baby boomers. This helps explain why it has such a low percentage of its adult population with bachelor's degrees or higher among major metros. It's home to one of the largest public universities in the country but can't retain this talent base.
On the latest Brookings Institution Metro Monitor, Phoenix came in No. 74 on standard of living and No. 31 in average annual wage. Phoenix has an abysmal showing in job concentration, a critical measure of how metros perform in the most advanced technology sectors. Astoundingly, Phoenix even does poorly in so-called opportunity jobs — promising positions for those without a college degree (coming in 76th in this rigorous Federal Reserve study). In other words, this is no blue-collar heaven, even if it performs poorly in advanced, high-skilled college-degree jobs.
READ MORE > https://www.roguecolumnist.com
Rogue Columnist
Hype rises as the heat accelerates. Talton takes it all down when he disrupts some newly-concocted "Urban Myths" about fast growth:
Growth doesn't pay for itself.
"As regular readers know, population growth brings carrying costs: Increased need for
- infrastructure
- public services
- schools
- healthcare
- not to mention the externalities — the cloaked expenses from more sprawl, destruction of the environment, pollution, etc. . . "
Readers of this blog can find out more by using the Searchbox on this blog - type in "Mesa Ranks" or "Phoenix Ranks" or "Arizona Ranks"
________________________________________________________________________
Debunking the myths:Population increase in Phoenix can be attributed to retirees and the low-wage service jobs that cater to them.If the local-yokel boosters — "things must be good because people keep moving here" — are having a growthgasm, they're faking it.
> Phoenix ranks as one of the worst cities for growth of its millennial population. It even ranks poorly for baby boomers. This helps explain why it has such a low percentage of its adult population with bachelor's degrees or higher among major metros. It's home to one of the largest public universities in the country but can't retain this talent base.
On the latest Brookings Institution Metro Monitor, Phoenix came in No. 74 on standard of living and No. 31 in average annual wage. Phoenix has an abysmal showing in job concentration, a critical measure of how metros perform in the most advanced technology sectors. Astoundingly, Phoenix even does poorly in so-called opportunity jobs — promising positions for those without a college degree (coming in 76th in this rigorous Federal Reserve study). In other words, this is no blue-collar heaven, even if it performs poorly in advanced, high-skilled college-degree jobs.
READ MORE > https://www.roguecolumnist.com
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