Serving Up Data: Integrated Economic and Demographic Profiles at Your Fingertips Timothy F. Slaper Indiana Business Research Center Kelley School of Business Indiana University 52nd Annual Conference, Oklahoma City, OK June, 2012 STATSAmerica The Regional Data Toolkit • Economic and Demographic Data • Regional Profiles • Custom Region Builder • Measuring Innovation – Innovation Index • Measuring Distress 2 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 STATSAmerica? • 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 STATSAmerica? • 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 Benchmarking and Peer Analysis: Counties in Profile USING STATSAMERICA 7 9 Click on the link for the county overview 10 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 By Value Find your peers based on socio-economic characteristics Find your peers based on socioeconomic characteristics Find By Value 16 Find By Value—Results Click on a county to get that county’s profile, e.g., Chaves County, NM 17 18 Region Profile by Radius 19 Benchmarking and Peer Analysis: County-Metro Side-by-Side COMPARING PROFILES 20 Compare up to four areas across the nation side-by-side Four Counties 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 You’ll have to use the “edit-select all” and “copy” commands to move data into a spreadsheet. 24 Benchmarking and Peer Analysis: States in Profile STATE PROFILES 25 Complete State Profile Click on the rank to get data for all counties 28 Data for all states conveniently packaged in one Excel file Benchmarking and Peer Analysis: Innovation Index MEASURING INNOVATION 31 Select counties either by the state/county menu or the map selection Predefined Regions Too! 35 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 Distress indicators for federal grants—EDA application criterion MEASURING DISTRESS 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 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 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 tslaper@indiana.edu rogersc@iupui.edu