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The Tampa Bay market must work harder to recover from the recent recession, having finished last among six peer metropolitan areas in its latest Regional Economic Scorecard released Thursday by the Tampa Bay Partnership.
High unemployment and a dismal housing market were key components in measuring the Bay area against comparable markets Atlanta, Charlotte, Dallas, Jacksonville, and Raleigh-Durham. While the Bay area ranked third in education, based on high school graduation rates and the number of local workers with college degrees, it also has the lowest annual average wage among its peer metros at $38,527.
“This scorecard clearly shows we need to strategically address creation of good, higher wage jobs to make a measurable and competitive difference in our economy,” says Mike Vail, president and COO of Tampa-based Sweetbay Supermarkets who chaired the August report.
Tampa Bay ranked third among the same group of metros in the partnership's previous scorecard in January.
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