Scorecard sets baseline for region’s economic goals
WILMINGTON, NC (WWAY) — If you want to reach goals for economic development, it helps to know where you’re starting.
That was the message from the Wilmington Chamber of Commerce’s unveiling Tuesday morning of the Wilmington Regional Economic Scorecard.
The research report compared Wilmington to peer cities that share similar populations and a mix of economic assets. Those cities include Myrtle Beach, SC, Asheville, Savannah, GA, Mobile, AL, Roanoke, VA, Chattanooga, TN, and Pensacola, FL. The report also plotted data against Charleston, SC, and Raleigh, which are referred to as aspirational cities “due to their exceptional growth and ability to maintain quality of place.”
The scorecard showed Wilmington does well in areas like human capital, quality of place, entrepreneurship and small businesses. The people behind the study say the region needs to take advantage of those areas to continue to help grow the economy while also looking for ways to develop more in areas like innovation and manufacturing of products that are sold in other areas.
Organizers say one issue in developing the report was the federal government’s decision to move Brunswick County into the Myrtle Beach Metropolitan Statistical Area. As a result, the report offered various metrics in relation to the Wilmington region, in which authors included Brunswick County, and others in relation to the Wilmington MSA, which includes New Hanover and Pender counties.