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Business Observer Friday, Jun. 5, 2009 11 years ago

Tampa Bay sees improvement

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The Tampa Bay area had something to smile about recently when the Tampa Bay Partnership revealed its quarterly economic scorecard.

The Tampa Bay area had something to smile about recently when the Tampa Bay Partnership revealed its quarterly economic scorecard.

The Bay area moved up three places, to finish third out of seven Southeast markets in the scorecard's overall ranking.

The scorecard measures the six economic categories of employment and workforce; income and productivity; housing; innovation; education; and transportation.

It compares the region's economic performance against Atlanta, Charlotte, Dallas, Jacksonville, and Raleigh-Durham.

The promising news for Tampa Bay: For the first time since the inception of the scorecard, Tampa Bay's ranking for housing improved from sixth to third, reflecting the dramatic changes that have occurred in housing in all the comparison regions.

The employment and workforce ranking improved from sixth to fourth with rankings for job creation, job growth, unemployment rate and labor force growth also improving.

Of the 21 updated indicators, nine rankings remained unchanged, eight improved, and four declined. This is the second consecutive scorecard where improving indicators outnumber the declining indicators.

The spring 2009 report represents the seventh edition of the scorecard, which was introduced in January 2006.

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