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Identifying Peer Regions with Evansville Regional Business Committee

 

The Problem  

The Evansville Regional Business Committee (ERBC) is a coalition of business partners with an ambitious goal: make Southwest Indiana the talent and economic region of choice in the Midwest. Led by Pete Paradossi, President, the ERBC calls this initiative “Talent 2025.”

 

The ERBC recognized that if they only focused on economic growth, their efforts to make Evansville the region of choice would fail. In order to improve the region, the ERBC needed real data on Evansville’s economic and social wellbeing. Finally, the ERBC wanted to compare the Evansville region to peers and continue tracking the region’s progress over time. Arbitrary “Top Ten Cities to Work” lists weren’t going to cut it.

 

The Solution

 

In 2017, the ERBC chose Chmura as its partner to aggressively improve Southwest Indiana’s attractiveness as a place to live and work. Chmura helped the ERBC…

 

  • Develop quantitative socioeconomic indicators, including demographics, employment and wage growth, educational attainment, and community wellbeing, that would help inform the development of strategies to make Evansville an attractive place to live and work.
  • Identify peer regions. Chmura identified regions that were similar to Evansville—peer regions—and aspirational peers, based on Evansville’s demographics, location, key industries, and other factors. When comparing peer regions, Chmura was careful to choose data that was both high-quality and available nationally to provide accurate comparisons.
  • Track Evansville’s progress over time. Since 2017, the Chmura team has updated Evansville’s socioeconomic indicators multiple times. This gives the ERBC the accurate data it needs to make plans that actually transform Southwest Indiana into a region of choice.

 

The Chmura Difference

 

Chmura’s socioeconomic indicators eliminate uncertainty and allowed the ERBC to understand precisely where Evansville needs to improve. Our analysis provides clarity. The ERBC used Chmura’s indicators to develop five workstreams that measure poverty levels, educational attainment, health, and business, wage, and population growth.

 

Pete Paradossi, President of the Evansville Regional Business Committee.

“The Chmura team does a fantastic job in identifying, collecting, and interpreting data in support of Talent 2025. Their analysis and recommendations help create a solid foundation for us to build on,” says Pete Paradossi.

 

Click here to watch Pete Paradossi and Dr. Chris Chmura talk about Chmura and ERBC’s ongoing partnership.

 

We are proud to partner with Evansville Regional Business Committee to grow Southwest Indiana. Do you need help tracking your region’s socioeconomic progress and comparing it to peer regions? Contact us about our consulting services today. We are helping the Evansville region win. We can help you too.

 

Contact us by submitting the form below. We'll show you how JobsEQ and our consulting services can help you win.

 

Let us know how Chmura can help.

 

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