It measures four key markers: job growth, small business growth, wage growth, and poverty reduction.
Note: This article is a paid placement and does not necessarily reflect the views or opinions of Billy Penn at WHYY.
With all eyes on how we grow the regional economy and ensure equitable prosperity for all Philadelphians, the Greater Philadelphia Chamber of Commerce, in partnership with the Boston Consulting Group, created the Inclusive Growth Dashboard.
It is a tool designed to help city and regional legislators, business and civic leaders, and the public understand economic conditions, discuss them with aligned data points, and seek solutions based on facts.
In 2020, what became known as the Recharge & Recover PHL task force came together to design, present and implement a unified strategy for recovery. The group included 160 civic and business leaders, in partnership with Philadelphia Mayor Jim Kenney, Pennsylvania Governor Tom Wolf, Philadelphia City Council President Darrell Clarke, and representatives from Southeastern Pennsylvania counties. Pennsylvania.
Led by the Chamber and its CEO Council for Growth, the task force created five aspirations for the region, suggesting that it strive to become:
- A new national model to learn, learn and work in the jobs of the future
- A place known for investing and growing small, Black, Latino and locally owned businesses.
- A digital community with increased digital literacy, technology and Internet use.
- The Healthiest, Most Livable Community in the Northeast
- A leading global center for cell and gene therapy
These goals support economic recovery and provide a means to differentiate our region from other metropolitan areas such as Atlanta, Boston and Washington DC for decades to come.
Knowing that this effort requires a data-driven approach, the Chamber developed the Inclusive Growth Dashboard. With the board, the Chamber and the CEO Council are setting the tone, and an accountability system with an objective set of measures and definitions of success, for how the Greater Philadelphia region meets these overarching goals.
The dashboard measures a set of key macroeconomic indicators:
- job growth
- small business growth
- salary growth
- poverty reduction
Take note: the data is dynamic, so bookmark it, check back often, and share it with your networks.
The board is maintained in collaboration with the Federal Reserve Bank of Philadelphia and The Pew Charitable Trusts Philadelphia Research and Policy Initiative. It will be continuously updated.
By embarking on this journey together, we will build a stronger and more equitable economy in Greater Philadelphia than ever before.