Prosperity Scorecard for Thunder Bay, Ontario

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Information about Prosperity Scorecard for Thunder Bay, Ontario
Business & Mgmt

Published on February 5, 2009

Author: mpian

Source: slideshare.net

Description

A prosperity scorecard for Thunder Bay, Ontario. Prepared by Ronnie Sanders and Patrick Adler of the Martin Prosperity Institute as part of TVOntario's AgendaCamp series on Ontario's changing economy.

Prosperity Scorecard for Thunder Bay, Ontario Ronnie Sanders and Patrick Adler Research Associates February 8, 2009

Outline / Approach 1. Summary Statistics 2. Overall Performance 3. Technology 4. Talent 5. Tolerance / Inclusiveness 6. Territorial Assets / Quality of Place 2

Benchmark Peers 3

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

Summary Statistics 5

Summary Statistics Peer Peer Peer Provincial/State Summary Statistics Thunder Bay, ON Minimum Average Maximum Average 123,000 115,700 150,000 197,000 546,000 Total Population, 2006 $5,000 GDP (CAD millions) 2006 $5,000 $6,000 $9,000 $29,000 41.8 25.7 36.6 43.8 37.5 Median Age, 2006 Overall Cost of Living Index 102.8 92.5 104.3 131.4 101.5 6

Total Population Total Population Thunder Bay, ON and Peer Regions, 2006 College Station, TX 197,000 Sherbrooke , QC 187,000 Kelowna, BC 162,000 Bloomington, IL 161,000 Rocky Mount, NC 146,000 Trois-Rivières, QC 142,000 State College, PA 141,000 Battle Creek, MI 138,000 Dalton, GA 134,000 Thunder Bay, ON 123,000 Mount Vernon, WA 116,000 Source: Statistics Canada Catalogue no. 94-581-XCB2006004. US Census Bureau, American Community Survey. (2006). 7

Total GDP (100,000 CA $) GDP (CAD Millions) Thunder Bay, ON and Peer Regions, 2006 Bloomington, IL $8,600 Sherbrooke , QC $7,200 Kelowna, BC $6,800 Dalton, GA $6,700 Rocky Mount, NC $6,700 College Station, TX $6,500 State College, PA $5,800 Mount Vernon, WA $5,500 Battle Creek, MI $5,500 Thunder Bay, ON $5,300 Trois-Rivières, QC $5,300 Source: MPI Analysis (2008) . Statistics Canada Catalogue no. 94-581-XCB2006004. Bureau of Economic Analysis, 2008 Survey. (2006). 8

Median Age Median Age Thunder Bay, ON and Peer Regions, 2006 Trois-Rivières, QC 43.8 Kelowna, BC 43.4 Thunder Bay, ON 41.8 Sherbrooke , QC 40.2 Rocky Mount, NC 38.2 Battle Creek, MI 37.8 Mount Vernon, WA 37.3 Dalton, GA 33.8 Bloomington, IL 31.0 State College, PA 29.3 College Station, TX 25.7 Source: Statistics Canada Catalogue no. 97-551-xcb2006012. U.S. Census Bureau, 2006 American Community Survey. 9

Overall Cost of Living Overall Cost of Living Index Thunder Bay, ON and Peer Regions, 2006 Bloomington, IL 131.39 Dalton, GA 127.86 Trois-Rivières, QC 103.77 Thunder Bay, ON 0.00 102.79 Sherbrooke , QC 100.45 State College, PA 100.45 Mount Vernon, WA 100.28 Battle Creek, MI 96.56 Rocky Mount, NC 96.23 Kelowna, BC 94.46 College Station, TX 92.52 10

Overall Performance 11

Overall Performance Thunder Peer Peer Peer Peer Provincial/State Overall Performance Bay, ON Ranking Minimum Average Maximum Average Population Growth (00-05) 0.8% 10 0% 5.8% 12.4% 5.7% -3.4% 10 -3.6% 4.8% 19.9% 9.3% Job Growth (00-05) GDP per capita, 2006 $43,000 6 $35,500 $45,000 $58,200 $45,000 Change in Average Wage (00-05) -2.4% 8 -11.2% -2.2% 3.7% 0.1% Creativity Index 0.46 5 0.24 0.44 0.66 N/A 12

Population Growth 13

Job Growth 14

GDP per Capita 15

Change in Average Wage 16

Creativity Index 17

Technology 18

Technology Thunder Peer Peer Peer Peer Provincial/State Technology Bay, ON Ranking Minimum Average Maximum Average Total Patents, 2005 2 11 2 18 42 517 Patents per 10,000, 2005 0.16 10 0.14 1.17 2.98 2.46 Patent Growth, Short Term (00-05) -3.3% 10 -4.5% 10.8% 56.7% -0.5% North American High Tech LQ, 2006 0.51 6 0.22 0.58 1.54 0.63 North American Tech Pole Index 0.013 6 0.002 0.020 0.079 0.189 19

Total Patents 20

Patents per 10,000 21

Patent Growth, Short-term 22

North American High-Tech LQ 23

North American Tech-Pole Index 24

Talent 25

Talent Thunder Peer Peer Peer Peer Provincial/State Talent Bay, ON Ranking Minimum Average Maximum Average Creative Class as % of Workforce, 2006 26.9% 4 18.5% 24.9% 29.4% 26.1% Super Creative Core as % of Workforce, 2006 14.7% 5 5.6% 11.9% 16.3% 11.0% Pop > 25, Above High School below BA, 2006 58.2% N/A 51.7% 58.2% 65.5% 59.0% Talent Index (Pop > 25, BA and above), 2006 13.0% 9 12.0% 21.4% 40.2% 21.7% Pop > 25, Graduate and/or Professional Degree, 2006 3.5% 9 3.4% 7.8% 20.5% 7.5% Brain Drain/Gain Index, 2006 0.63 6 0.00 0.69 1.28 N/A 26

Creative Class 27

Super Creative Core 28

Above High School, Below BA 29

Talent Index (BA and above) 30

Graduate / Professional Degrees 31

Brain Drain / Gain Index 32

Tolerance / Inclusiveness 33

Tolerance / Inclusiveness Thunder Peer Peer Peer Peer Provincial/State Tolerance Bay, ON Ranking Minimum Average Maximum Average Visible Minorities (% Pop), 2006 2.7% 5 0.0% 5.2% 28.1% 11.1% Mosaic Index (% Pop), 2006 10.3% 4 2.2% 7.9% 15.0% 7.9% Gay and Lesbian Index, 2006 0.77 5 0.64 0.79 1.03 0.81 Bohemian Index, 2006 0.67 3 0.16 0.46 1.05 0.69 0.76 0.92 N/A Integration Index, 2006 0.83 6 1 34

Visible Minorities 35

Mosaic Index 36

Gay / Lesbian Index 37

Bohemian Index 38

Integration Index 39

Territorial Assets / Quality of Place 40

Territorial Assets / Quality of Place Thunder Peer Peer Peer Peer Territorial Assets Bay, ON Ranking Minimum Average Maximum Social and Cultural Assets Arts and Cultural Establishments per 10,000, 2006 1.95 3 0.22 1.36 2.22 Resturants and Bars per 1,000, 2006 1.83 7 1.46 1.90 2.40 Student/Teacher Ratio, 2006 14.50 4 13.58 15.83 22.17 Doctor's per 1,000, 2006 0.81 5 0.00 1.13 3.42 Civic Assets Federal Voter Turnout (%), 2004/2006 62% 5 40% 59% 66% Voilent and Property Crime per Capita, 2006 0.09 10 0.02 0.06 0.12 Housing and Transportation Assets Population Density (KM2), 2006 48 9 25.34 71.67 160.76 Median Housing Value to Income Ratio, 2005 2.42 1 2.42 3.51 7.14 Drivers per Other Modes, 2006 9.77 3 4.84 28.69 169.98 41

Arts and Cultural Establishments per 10,000 42

Restaurants and Bars per 1,000 43

Student / Teacher Ratio 44

Doctors per 1,000 45

Federal Voter Turnout 46

Crime (Violent + Property) per Capita 47

Population Density (population per km^2) 48

Median Housing Value to Income Ratio 49

Drivers per Other Modes 50

For More Information Peer Peer Peer Provincial/State Summary Statistics Thunder Bay, ON Minimum Average Maximum Average 123,000 115,700 150,000 197,000 546,000 Total Population, 2006 $5,000 GDP (CAD millions) 2006 $5,000 $6,000 $9,000 $29,000 41.8 25.7 36.6 43.8 37.5 Median Age, 2006 Overall Cost of Living Index 102.8 92.5 104.3 131.4 101.5 Thunder Peer Peer Peer Peer Provincial/State Overall Performance Bay, ON Ranking Minimum Average Maximum Average Population Growth (00-05) 0.8% 10 0% 5.8% 12.4% 5.7% -3.4% 10 -3.6% 4.8% 19.9% 9.3% Job Growth (00-05) GDP per capita, 2006 $43,000 6 $35,500 $45,000 $58,200 $45,000 Change in Average Wage (00-05) -2.4% 8 -11.2% -2.2% 3.7% 0.1% Creativity Index 0.46 5 0.24 0.44 0.66 N/A Thunder Peer Peer Peer Peer Provincial/State Technology Bay, ON Ranking Minimum Average Maximum Average Total Patents, 2005 2 11 2 18 42 517 Patents per 10,000, 2005 0.16 10 0.14 1.17 2.98 2.46 Patent Growth, Short Term (00-05) -3.3% 10 -4.5% 10.8% 56.7% -0.5% North American High Tech LQ, 2006 0.51 6 0.22 0.58 1.54 0.63 North American Tech Pole Index 0.013 6 0.002 0.020 0.079 0.189 Thunder Peer Peer Peer Peer Provincial/State Talent Bay, ON Ranking Minimum Average Maximum Average Creative Class as % of Workforce, 2006 26.9% 4 18.5% 24.9% 29.4% 26.1% Super Creative Core as % of Workforce, 2006 14.7% 5 5.6% 11.9% 16.3% 11.0% Pop > 25, Above High School below BA, 2006 58.2% N/A 51.7% 58.2% 65.5% 59.0% Talent Index (Pop > 25, BA and above), 2006 13.0% 9 12.0% 21.4% 40.2% 21.7% Pop > 25, Graduate and/or Professional Degree, 2006 3.5% 9 3.4% 7.8% 20.5% 7.5% Brain Drain/Gain Index, 2006 0.63 6 0.00 0.69 1.28 N/A Thunder Peer Peer Peer Peer Provincial/State Tolerance Bay, ON Ranking Minimum Average Maximum Average Visible Minorities (% Pop), 2006 2.7% 5 0.0% 5.2% 28.1% 11.1% Mosaic Index (% Pop), 2006 10.3% 4 2.2% 7.9% 15.0% 7.9% Gay and Lesbian Index, 2006 0.77 5 0.64 0.79 1.03 0.81 Bohemian Index, 2006 0.67 3 0.16 0.46 1.05 0.69 0.76 0.92 N/A Integration Index, 2006 0.83 6 1 Thunder Peer Peer Peer Peer Territorial Assets Bay, ON Ranking Minimum Average Maximum Social and Cultural Assets Arts and Cultural Establishments per 10,000, 2006 1.95 3 0.22 1.36 2.22 Resturants and Bars per 1,000, 2006 1.83 7 1.46 1.90 2.40 Student/Teacher Ratio, 2006 14.50 4 13.58 15.83 22.17 Doctor's per 1,000, 2006 0.81 5 0.00 1.13 3.42 Civic Assets Federal Voter Turnout (%), 2004/2006 62% 5 40% 59% 66% Voilent and Property Crime per Capita, 2006 0.09 10 0.02 0.06 0.12 Housing and Transportation Assets Population Density (KM2), 2006 48 9 25.34 71.67 160.76 Median Housing Value to Income Ratio, 2005 2.42 1 2.42 3.51 7.14 51 Drivers per Other Modes, 2006 9.77 3 4.84 28.69 169.98

For More Information • Richard Florida’s books – “The Rise of the Creative Class” – “The Flight of the Creative Class” – “Who’s Your City?” • martinprosperity.org • creativeclass.com 52

Thank You Ronnie Sanders Ronnie.Sanders@rotman.utoronto.ca Patrick Adler Patrick.Adler@rotman.utoronto.ca

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