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Receive a report on the Solano County 2011 Index of Economic and Community Progress
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Published Notice Required? Yes ____ No __X_
Public Hearing Required? Yes ____ No __X_
DEPARTMENTAL RECOMMENDATION:
It is recommended the Board of Supervisors a report on the Solano County 2011 Index of Economic and Community Progress.
SUMMARY:
The 2011 Index of Economic and Community Progress was prepared by the County Administrator’s Office in partnership with the Solano Economic Development Corporation. The Index tracks key indicators that are shaping the local economy and provides a perspective with a focal point of a 10-year view, 5-year view, and a one-year view. Each perspective tells a different story of the local economy. The document is available online at www.solanocounty.com/economicindex
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FINANCIAL IMPACT:
There is no direct cost associated with receiving this presentation. The cost of staff time to compile the 2011 Index was part of the FY2011/12 Adopted Budget.
DISCUSSION:
The Solano County Index of Economic and Community Progress is a project that was launched in 2007 after a series of economic summits identified a need for more fact-based information to guide efforts by leaders in both the public and private sectors to expand the long-term viability of the Solano County economy. Three comprehensive editions were produced for 2008, 2009 and 2010 by the consultant Collaborative Economics for the County of Solano and the Solano Economic Development Corporation. These insightful documents provided an objective analysis of key indicators shaping the local economy.
The 2011 edition was prepared by the County Administrator’s Office in partnership with the Solano Economic Development. The document tracks many of the past indicators affecting Solano County, and in many instances the Index includes comparisons to the Sacramento Area, Bay Area, California and the United States. The web-...
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