- August 23, 2017
- Posted by: matt
- Category: Blog
Big data is finally starting to hit the world of economic development, with new data sources and tools emerging on a regular basis. Â That’s a great thing, but the big data revolution still tends to leave out smaller cities and rural communities. Â Much of the new data is available for states and major metro areas, but if you dig down to small communities or even counties (as I regularly do), it’s much tougher to do a deep dive on economic trends and prospects. Â That’s why the Atlanta Fed’s Small City Economic Dynamism Index is so useful. Â The 2nd edition of the Index was just released and I encourage you to take a look. Â The tool tracks 400 small cities and metro areas around the US, and provides data on 13 different measures of economic dynamism. Â Issue areas include population migration, human and social capital, economic inequality, and business dynamism. Â To learn more, visit the Index, check out this article, and also check out the Chicago Fed’s related Peer City Identification Tool.
NOTE Â If you’re interested in learning more about benchmarking and data, especially for small communities, you may want to join a webinar that I’ll be presenting to the Pennsylvania Economic Development AssociationÂ on September 13, 2017. Â You can learn more and sign up here.