Brief Prosperity Profile Of Sault Ste. Marie

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Information about Brief Prosperity Profile Of Sault Ste. Marie

Published on November 13, 2008

Author: mpian

Source: slideshare.net

A Brief Prosperity Profile of Sault Ste. Marie, Ontario Kevin Stolarick, PhD Research Director November 13, 2008

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

Benchmark Peers 3

Peer Selection 14 peer states/ • Rimouski, QC provinces for • Val-d'Or, QC Ontario based on • Belleville, ON population. • Sarnia, ON • Owen Sound, ON 10 cities/regions • Orillia, ON selected with • North Bay, ON populations • Timmins, ON approximately the • Kamloops, BC same as Sault Ste. • Chilliwack, BC Marie. 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 Sault Ste. Marie rank? • Ranking out of 11 (Sault Ste. Marie + 10 peers) • Peer Average: 0.009 • Lowest peer score: 0.002 (Orillia, ON) • Highest peer score: 0.030 (Rimouski, QC) • Where does Sault Ste. Marie rank? –Top 3? –Bottom 3? 8 –Middle 5?

Tech-Pole Index: Sault Ste. Marie “Bottom 3” Source:
MPI
Analysis
(2008)
.

Sta:s:cs
Canada
Catalogue
no.
97‐ 559‐XCB2006009. 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” • Percentof population 25 and older with a bachelor’s (4-year) university degree or higher (masters, graduate, PhD) 12

Talent Index: Where does Sault Ste. Marie rank? • Ranking out of 11 (Sault Ste. Marie + 10 peers) • Peer Average: 11.1% • Lowest peer score: 7.7% (Timmins, ON) • Highest peer score: 17.2% (Rimouski, QC) • Where does Sault Ste. Marie rank? –Top 3? –Bottom 3? 13 –Middle 5?

Talent Index: Sault Ste. Marie “Top 3” Source:
MPI
Analysis
(2008)

.
Sta:s:cs
Canada
Catalogue
no. 94‐581‐XCB2006007
and
AUCC
Enrollment
numbers
2007. 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 Sault Ste. Marie rank? • Ranking out of 11 (Sault Ste. Marie + 10 peers) • Peer Average: 24.4% • Lowest peer score: 19.8 (Orillia, ON) • Highest peer score: 31.9% (Rimouski, QC) • Where does Sault Ste. Marie rank? –Top 3? –Bottom 3? 16 –Middle 5?

Creative Class: Sault Ste. Marie “Top 3” Source:
MPI
Analysis
(2008)
.
Sta:s:cs
Canada
Catalogue
no. 94‐581‐XCB2006007. 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 Sault Ste. Marie rank? • Ranking out of 11 (Sault Ste. Marie + 10 peers) • Peer Average7.8% • Lowest peer score: 2.2% (Canton, OH) • Highest peer score: 23.6% (Santa Barbara, CA) • Where does Sault Ste. Marie rank? –Top 3? –Bottom 3? 21 –Middle 5?

Mosaic Index: Sault Ste. Marie “Middle 5” Source: MPI Analysis (2008) . Statistics Canada Catalogue no. 97-559-XCB2006011 and 97-F0012-XCB-01049. 22

Population Growth 23

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

Population Growth: Where does Sault Ste. Marie rank? • Ranking out of 11 (Sault Ste. Marie + 10 peers) • Peer Average: 2.7% • Lowest peer score: -1.6%% (Timmins, ON) • Highest peer score: 9.3% (Chilliwack, BC) • Where does Sault Ste. Marie rank? –Top 3? –Bottom 3? 25 –Middle 5?

Population Growth: Sault Ste. Marie “Middle 5” 26

Discussion / Summary 27

For More Information 28

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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