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Economic Vitality measures the quantity and quality of jobs within a region, the relative incomes that its residents earn, the wealth they attain, and economic opportunities for its entrepreneurs.
Innovation measures the extent to which a community and its institutions are generating new ideas and inventions, and the market’s reception of these ideas.
Infrastructure measures the quantity and quality of the investment a region makes in underlying structures, including transportation and broadband internet.
Talent measures who is working today, and how well the region’s talent pipeline is being prepared for the jobs of tomorrow.
Civic Quality measures the affordability of a region, the health and safety of its citizens, and the recreational opportunities that impact its quality of life.
Outcomes measure the growth of the regional economy, the extent to which economic growth is being enjoyed by everyone, and the attractiveness of the region for its current and potential residents.
For the purpose of the Regional Competitiveness Report, the data presented for the Tampa Bay region reflects the eight counties of Citrus, Hernando, Hillsborough, Manatee, Pasco, Pinellas, Polk, and Sarasota.
The Tampa Bay Partnership is a coalition of regional business and nonprofit leaders, joined by a shared commitment to improving the personal and economic well-being of Tampa Bay residents. Through its foundation, the Partnership conducts objective, data-driven research to identify the region’s greatest challenges and measure our progress toward shared community goals. This work includes the Regional Competitiveness Report, which helps measure our region's performance against other communities nationwide.
Talent measures who is working today, and how well the region’s talent pipeline is being prepared for the jobs of tomorrow.
Early childhood education has been proven to be an early and predictable determinant of future educational and economic success. 90% of brain development occurs before age 5. Performance on the 3rd grade English Language Arts assessment is also vital to educational outcomes. Leading up to 3rd grade, a child is learning to read, and after 3rd grade children read to learn.
The share of 3- and 4-year-olds enrolled in school rose significantly from 43.37% to 49.89%, moving Tampa Bay from 17th to 10th place and surpassing the national average.
Tampa Bay continues improving Kindergarten Readiness scores by 1.83% year-over-year from 50.28% to 52.11%.
Performance improved significantly in English Language Arts Third Grade Reading, increasing from 47.70% to 53.57%, a 5.87% boost.
Increases to the early learning indicators will influence the long-term educational success of the students. Higher enrollment in quality care at ages 3 and 4 have a correlation to kindergarten readiness. Third-grade reading level proficiencies are the foundation for the higher learning required in middle school and high-school.
Lower enrollment, kindergarten readiness, and third-grade reading levels signal that a larger percentage of students may experience academic difficulties throughout their educational career.
