Measuring True Economic Progress Matters
Author and local economist Michael Shuman recently shared his report card on the local economy movement and introduced twelve ways we can measure success in our local economy. Yes, stories matter—but data that points to true economic progress matters, too. Michael first shared his SWOT analysis of our movement. He followed his analysis with a summary of twelve recommendations for easy-to-measure indicators that we can revisit over time, helping us evaluate our successes and shortcomings and better answer: Is our hard work making a difference in our local economy? These indicators should be quantifiable, robust, and affordable.
