Brief Prosperity Profile of Kingston, Ontario

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Information about Brief Prosperity Profile of Kingston, Ontario

Published on January 26, 2009

Author: mpian

Source: slideshare.net

Description

A profile of Kingston, Ontario and comparison with its peer regions in North America. Prepared by Kevin Stolarick of the Martin Prosperity Institute as part of TVOntario's AgendaCamp series on Ontario's changing economy.

A Brief Prosperity Profile of Kingston, Ontario Kevin Stolarick, PhD Research Director January 26, 2009

Outline / Approach 1. Present Benchmark Peers 2. Describe Selected Measures a. Some “Lagging” b. Some “Leading” 3. Get Your Thinking Where does Kingston rank? 4. Discussion 2

Benchmark Peers 3

Peer Selection College Station, TX • 14 peer states/ • Sherbrooke, QC provinces for • Kelowna, BC Ontario based on • Bloomington, IL population. • Rocky Mount, NC • Trois Rivieres, QC 10 cities/regions • State College, PA selected with • Battle Creek, MI populations • Dalton, GA approximately the • Mount Veron, WA same as Kingston. 4

Technology 5

Technology “A high technology base is both a necessary condition for and a result of a region having a strong creative economy. Being known as a quot;high-techquot; region helps to attract the creative workforce, which, in turn, generates new technologies making the region even more high-tech.”

Technology “Tech Pole” Index (based on Milken Institute) • – Share of total US/Canada “high technology” – Regional concentration of “high tech” among all industries Combination allows smaller, tech-intensive • regions to score well US & Canada, based on total employment • 7

Tech-Pole Index: Where does Kingston rank? Ranking out of 11 (Kingston + 10 peers) • Peer Average: 0.021 • Lowest peer score: 0.002 (Battle Creek, MI) • Highest peer score: 0.079 (State College, PA) • • Where does Kingston rank? –Top 3? –Bottom 3? –Middle 5? 8

Tech-Pole Index: Kingston “Middle 5” 9

Talent 10

Talent “The concentration of people in the Creative and Super Creative Classes, has a stronger relationship with economic growth. Creative people don't just cluster where the jobs are. They cluster in places that are centers of creativity and also where they like to live. Places need a people climate -- or a creativity climate -- as well as a business climate.”

Talent “BA and above” • Percent of population 25 and older with a • bachelor’s (4-year) university degree or higher (masters, graduate, PhD) 12

Talent Index: Where does Kingston rank? Ranking out of 11 (Kingston + 10 peers) • Peer Average: 22.2% • Lowest peer score: 12.0% (Dalton, GA) • Highest peer score: 40.2% (State College, PA) • • Where does Kingston rank? –Top 3? –Bottom 3? –Middle 5? 13

Talent Index: Kingston “Middle 5” 14

Talent Now, a “Creative Economy” • – Innovation, Thinking, Creativity “Paid to think” • – Everyone has the potential to be creative Percent of workforce in the “Creative Class” • T = Technology and R&D Innovation A = Arts and Culture P = Professional and Managerial E = Educating and Training 15

Creative Class: Where does Kingston rank? Ranking out of 11 (Kingston + 10 peers) • Peer Average: 25.4% • Lowest peer score: 18.5% (Dalton, GA) • Highest peer score: 32.8% (Sherbrooke, QC) • • Where does Kingston rank? –Top 3? –Bottom 3? –Middle 5? 16

Creative Class: Kingston “Top 3” 17

Tolerance / Inclusiveness 18

Tolerance / Inclusiveness “Diversity has become a politically charged buzzword. To some it is an ideal and rallying cry, to others a Trojan-horse concept that has brought us affirmative action and other liberal abominations. Creative Class people use the word often, but not to press any political hot buttons. Diversity is simply something they value in all its manifestations.”

Tolerance / Inclusiveness Mosaic Index • Percent of population foreign born • Immigrants generate growth and are a sign or • regional “openness” 20

Mosaic Index: Where does Kingston rank? Ranking out of 11 (Kingston + 10 peers) • Peer Average: 8.1% • Lowest peer score: 2.2% (Trois-Rivieres, QC) • Highest peer score: 15.0% (Dalton, GA) • • Where does Kingston rank? –Top 3? –Bottom 3? –Middle 5? 21

Talent Index: Kingston “Top 3” 22

Population Growth 23

Population Growth Percent growth/decline in total population • Between 2001 and 2006 • 24

Population Growth: Where does Kingston rank? Ranking out of 11 (Kingston + 10 peers) • Peer Average: 6.1% • Lowest peer score: 0.0% (Battle Creek, MI) • Highest peer score: 12.4% (Mount Vernon, WA) • • Where does Kingston rank? –Top 3? –Bottom 3? –Middle 5? 25

Talent Index: Kingston “Middle 5” 26

Discussion / Summary 27

For More Information Benchmark Summary: Kingston vs Peer Regions Peer Min Peer Peer Max N.A. Average of Summary Statistics Kingston, ON Value Average Value Urban Regions 152,000 115,700 152,000 197,000 Total Population, 2006 546,000 GDP (CAD millions) 2006 $6,000 $7,000 $5,000 $9,000 $29,000 Median Age, 2006 40.7 26 36.5 43.8 37.5 Overall Cost of Living 115.9 92.5 105.4 131.4 101.5 Kingston, Peer Peer Min Peer Peer Max N.A. Average of Overall Performance ON Ranking Value Average Value Urban Regions Worst Best Population Growth (00-05) 3.8% 8 0% 6.1% 12.4% 5.7% 0.3% 10 -3.6% 5.1% 19.9% Job Growth (00-05) 9.3% GDP per capita, 2006 $46,000 6 35,500 $45,000 $58,200 $45,000 Change in Average Wage (00-05) 3.1% 3 -11.2% -1.7% 3.7% 0.1% Creativity Index 0.66 1 0.27 0.45 0.66 NA Kingston, Peer Peer Min Peer Peer Max N.A. Average of Technology ON Ranking Value Average Value Urban Regions Worst Best Total Patents, 2005 20 5 2 18 42 517 Patents per 10,000, 2005 1.31 5 0.1 1.20 2.98 2.46 Patent Growth, Short Term (00-05) -10.7% 11 -10.7% 0.0% 24.6% -0.5% North American High Tech LQ, 2006 0.55 6 0.22 0.58 1.54 0.63 0.189 North American Tech Pole Index 0.019 4 0.002 0.021 0.079 Kingston, Peer Peer Min Peer Peer Max N.A. Average of Talent ON Ranking Value Average Value Urban Regions Worst Best Creative Class as % of Workforce, 2006 32.8% 1 18.5% 25.4% 32.8% 26.1% Super Creative Core as % of Workforce, 2006 19.4% 1 5.6% 12.3% 19.4% 11.0% Pop > 25, Above High School below BA, 2006 57.2% NA 51.7% 58.1% 65.5% 59.0% Talent Index (Pop > 25, BA and above), 2006 21.5% 4 12.0% 22.2% 40.2% 21.7% 7.5% Pop > 25, Graduate and/or Professional Degree, 2006 9.1% 4 3.4% 8.3% 20.5% 0.66 1.28 NA Brain Drain/Gain Index, 2006 0.36 9 0.00 Kingston, Peer Peer Min Peer Peer Max N.A. Average of Tolerance ON Ranking Value Average Value Urban Regions Worst Best Visible Minorities (% Pop), 2006 5.6% 3 0.0% 5.5% 28.1% 11.1% Mosaic Index (% Pop), 2006 12.1% 3 2.2% 8.1% 15.0% 7.9% Gay and Lesbian Index, 2006 1.35 1 0.64 0.84 1.35 0.81 Bohemian Index, 2006 0.93 2 0.16 0.48 1.05 0.69 0.77 0.92 NA Integration Index, 2006 0.86 3 1 Kingston, Peer Peer Min Peer Peer Max Territorial Assets ON Ranking Value Average Value Worst Best Social and Cultural Assets Arts and Cultural Establishments per 10,000, 2006 1.58 6 0.22 1.32 2.22 Resturants and Bars per 1,000, 2006 1.86 7 1.46 1.90 2.40 Student/teacher Ratio, 2006 13.82 10 13.58 15.77 22.17 Doctor's per 1,000, 2006 3.58 1 0.00 1.38 3.58 Civic Assets Federal Voter Turnout (%), 2004/2006 68% 1 40% 59% 68% Crime per Capita, 2006 0.06 9 0.02 0.06 0.12 Housing and Transportation Assets Population Density (Km^2), 2006 80 10 25.34 74.55 160.76 28 Median Housing Value to Income Ratio, 2005 $3.72 2 $2.48 $3.63 $7.14 Auto Dependency, 2006 6.00 3 4.84 28.34 169.98

For More Information • Richard Florida’s books – “The Rise of the Creative Class” – “The Flight of the Creative Class” – “Who’s Your City?” • www.martinprosperity.org • www.creativeclass.com 29

Thank You Kevin Stolarick kms@rotman.utoronto.ca

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