We’re not sure. We'd love to see our region develop a set of Community Economic Development indicators that measure how well our regional economy is working for all people and business types.
From Economist Michael H. Shuman:
We then launched four surveys for different stakeholders (from entrepreneurs to service providers) to help us evaluate the impact of our CED initiatives.
While we need more participation to draw any statistically significant results, the answers we received pointed to some needed next steps:
Only 52% of survey respondents agreed that our region had a compelling vision for Community Economic Development. This leads us to want to better promote the current Southwest Region Comprehensive Economic Development Strategy (CEDS) and Monadnock Region Future Plan from Southwest Region Planning Commission (SWRPC).
A successful CED program must begin with a vision statement about its goals, one that is rooted in a serious community process. We want to support the work of SWRPC and the next strategy update to ensure that clearer indicators are identified and added to our plans.
Just 20% of survey respondents agree that our region has set clear indicators to measure whether we are reaching our CED goals.
A successful CED program will have empirical indicators, updated regularly, that provide understandable information about whether the vision is being realized.
Interested in moving this work forward? Please contact us today!
The Local Crowd Monadnock - Mailing Address: 63 Emerald St. #114, Keene, NH 03431