Portland Economic Scorecard 2010

| February 10, 2012 | 0 Comments

The Portland Community Chamber is very active in the local business community. As part of their on-going effort to promote business attraction, the Chamber commissioned a study of economic indicators comparing Portland to other cities around the country of similar size.

The report, know as the Portland Economic Scorecard, details 32 measures of economic vitality encompassing employment, education, housing, taxes and cost-of-living.

The results of the report illustrate that Portland’s economic performance related to employment, income, and educational attainment has been better than the rest of Maine and, on average, the benchmark cities.

Measures related to costs, such as housing and tax rates, as well as a continuing shrinking of the population base show Portland lagging both the national benchmark cities and other cities in Maine.

Each of the indicators are rated as either lagging, keeping up or exceeding their targeted performance.  In total, the region’s performance recorded a measure of exceeding on 11 of the indicators including regional private sector employment growth, city population growth and regional educational attainment.  The region was rated as lagging on 10 indicators including city housing affordability, regional science and engineering occupations, and regional venture capital investment.  The balance were reported as keeping up.

It is anticipated that the analysis will be done annually in an effort to monitor progress.

Portland’s Economic Scorecard 2010 came about as a result of the Chamber’s 2007 comprehensive report, Looking Out for Portland and Beyond, that focused on Business in Portland and the entire region, which provided an in-depth assessment of Portland’s local and regional economic performance.

You can view and download the entire report at: Portland Economic Scorecard 2010.

Category: Business

About the Author ()

Along with my wife and partner Laura, we moved to Maine in 2000, after living in many areas of the United States & Europe, including NYC, Chicago, Dallas, Atlanta and Belgium. We love Portland and are proud to call it home. Our passion is real estate, and we currently own the company Maine Home Connection, providing personalized online home buying & selling services.

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