Indicators for Progress
In order to monitor the Valley’s economic health and progress, the VPP has created an indicator dashboard. These higher-level metrics are associated with each of the VPP’s established goals. In order to gauge how the Valley compares to communities nationally, benchmark locations were identified based on similar demographic structure, market sector distribution and/or socio-economic characteristics. At the suggestion of VPP members, some select larger metro areas were also included. Additional measures and locations can be added or changed over time. It was important that the initial list of indicators be readily accessible and updated regularly by reputable, third-party sources. At the end of each year, the VPP will develop an annual economic performance report and host a networking event to evaluate the progress and suggest changes to the dashboard and the strategic priority work plan as needed.