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

STATS America The Regional Data Toolkit 2 Economic and Demographic Data Regional Profiles Custom Region Builder Measuring Innovation – Innovation Index Measuring Distress

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

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

Why STATS America ? Define and compare against the region’s peers – Economy, population, resources, transportation linkages, education, natural amenities What can be learned from peer leaders/laggards? What are the region’s existing and emerging clusters? EDA funded the development of the website under the project “Crossing the Next Regional Frontier” 5

Mapping a Region’s Assets 6 What are the region’s distinct (hard) economic assets? What are the region’s (soft) assets—Social capital? Networks? Human Capital? Are there unexploited assets that can be tapped? What are the region’s greatest economic barriers?

USING STATSAMERICA Benchmarking and Peer Analysis: Counties in Profile 7

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10 Click on the link for the county overview

Click on the rank to get data for all counties

You’ll have to use the “edit-select all” and “copy” commands to move data into a spreadsheet.

Find your peers based on socio-economic characteristics Find By Value

Find your peers based on socio- economic characteristics

Find By Value 16

Find By Value—Results 17 Click on a county to get that county’s profile, e.g., Chaves County, NM

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Region Profile by Radius 19

COMPARING PROFILES Benchmarking and Peer Analysis: County-Metro Side-by-Side 20

Compare up to four areas across the nation side-by-side

You’ll have to use the “edit-select all” and “copy” commands to move data into a spreadsheet. Four Counties Side-by-Side

24 You’ll have to use the “edit-select all” and “copy” commands to move data into a spreadsheet.

STATE PROFILES Benchmarking and Peer Analysis: States in Profile 25

Complete State Profile 28 Click on the rank to get data for all counties

Data for all states conveniently packaged in one Excel file

MEASURING INNOVATION Benchmarking and Peer Analysis: Innovation Index 31

Select counties either by the state/county menu or the map selection

Predefined Regions Too!

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MS Three Rivers Planning and Development Commission

Click on graphic to drill down into the sub-components and data

Four sub-indexes plus state context

Each measure is also graphed Establishment churn and establishment sizes are two measures within economic dynamics

Drill down to the data by county

MEASURING DISTRESS Distress indicators for federal grants—EDA application criterion 41

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

Select County or Census Tract 44

LAUS bulk download filesLAUS bulk download files for counties are also available.

Measuring Distress—Custom Region 46

Regional Summary 47

County Details 48

Census Tracts Easy to select using map or drop downs 49

Neighborhood and Tract Details 50

LAUS bulk download filesLAUS bulk download files for counties are also available. Look for link at bottom of page.

Questions? For more information, contact: Timothy Slaper or Carol Rogers Indiana Business Research Center Kelley School of Business Indiana University