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Receive a report on the Solano County 2016 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 receive a report on the Solano County 2016 Index of Economic and Community Progress.
SUMMARY:
The Solano County 2016 Index of Economic and Community Progress was prepared by Dr. Robert Eyler, a principal at Economic Forensics and Analytics in Petaluma, and working in consultation with the Solano Economic Development Corporation and the County Administrator's office. The Index tracks key economic and community indicators that are shaping the local economy. The focus of the ninth edition of the Index was to answer the question: "The key to a successful economy? Jobs." The document is available online at www.solanocounty.com/economicindex
FINANCIAL IMPACT:
The cost for the consultant Economic Forensics Analysis to prepare the 2016 Index was $20,000, which was included as part of the FY2016/17 Adopted Budget.
DISCUSSION:
Background: 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. The Index was compiled by the County Administrator's Office for 2011 and 2012. Dr. Robert Eyler of Economic Forensics and Analytics reviewed the 2012 report and was retained to prepare the 2013, 2014, 2015 and now the 2016 Index report.
The 2016 Index highlights Solano County's continued economic growth since 2011 and expanding economic base. The 2016 Index shows that ...
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