The Charleston Metro Chamber of Commerce and the Charleston Regional Development Alliance recently released the city's 2015 Regional Economic Scorecard.
The scorecard was presented to 300 professionals and business leaders who attended the Charleston Regional Business Journal’s Power Breakfast series in October.
"This is the sixth year that we have produced this annual benchmarking report for the community, which presents unbiased data on our region’s competitiveness for economic stability and progress," Bryan Derreberry, CEO and president of Charleston Metro Chamber of Commerce, said. "This year’s report marks an exciting evolution in our region’s competitiveness in a rapidly changing global economy."
Due to the area's economic progress, the scorecard now measures the region against major metropolitan areas across the nation.
"As Charleston’s economy has changed, so too has our competition," Derreberry said. "Our region’s eight comparative communities in the 2015 Regional Economic Scorecard features four new benchmark communities, including Seattle, Austin, Nashville and Salt Lake City. These are the metros we compete with for talent, innovation, capital and more."
The scorecard also sheds light on the area's economic challenges, including transportation infrastructure and housing affordability.
"Producing skilled talent for our present and future employers is crucial and impacts our ability to compete," the chamber release said. "We have made significant progress in building our talent pipeline and continued focus on talent will produce dividends for decades to come."
The full scorecard can be downloaded at www.charlestonchamber.net/economicscorecard.
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