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Home My WebLink AboutGMSP Dashboard 2017 5.5TALENT PIPELINE ECONOMYVALUE OF EXPORTS $19.6 B MSP TREND: WORSE PEER RANK: 6 ó EMPLOYMENT GAP WHITE-OF COLOR (AGED 16-64 YRS) 10.0 PERCENTAGE POINTS MSP TREND: BETTER PEER RANK: 10 ñ PERCENT OF FEMALES AGED 16-64 YRS WORKING 76.3 % MSP TREND: SAME PEER RANK: 1 ó PERCENT OF JOBS THAT ARE FAMILY SUSTAINING1 67.8 % MSP TREND: WORSE PEER RANK: 4 ó BUSINESS VITALITYAVERAGE WEEKLY WAGE $1,151 MSP TREND: BETTER PEER RANK: 4 ñ ESTABLISHMENTS SURVIVING 5 YEARS OR MORE This data is for Minnesota52.2 % MSP TREND: WORSE PEER RANK: 3 ó PATENTS ISSUED PER 1,000 WORKERS 1.80 MSP TREND: WORSE PEER RANK: 6 ó SBIR/STTR FEDERAL DOLLARS3 $22 M MSP TREND: WORSE PEER RANK: 7 ò INFRASTRUCTUREPERCENT OF POPULATION THAT HAS ACCESS TO ADVERTISED BROADBAND SPEEDS OF 1GB OR HIGHER 5.3 % MSP TREND: SAME PEER RANK: 6 ó NUMBER OF DIRECT ROUTES OUT OF MSP AIRPORT 155 MSP TREND: BETTER PEER RANK: 5 ó ANNUAL HOURS OF DELAY PER COMMUTER 47 MSP TREND: WORSE PEER RANK: 2 ó ENVIRONMENTPER CAPITA WATER USAGE 108 MSP TREND: BETTER PEER RANK: 3 ñ NUMBER OF DAYS THAT AIR QUALITY WAS “UNHEALTHY FOR SENSITIVE GROUPS” 5 DAYS/YEAR MSP TREND: BETTER PEER RANK: 4 ò ENERGY RELATED CARBON DIOXIDE EMISSIONS PER CAPITA This data is for Minnesota17.4 MSP TREND: WORSE PEER RANK: 8 ò ENERGY COST 8.5 MSP TREND: BETTER PEER RANK: 6 ò LIVABILITYPERCENT OF POPULATION THAT IS OBESE 24.3 % MSP TREND: BETTER PEER RANK: 5 ó AVERAGE PERCENTAGE OF HOUSEHOLD INCOME SPENT ON HOUSING PLUS TRANSPORTATION 49.2 % MSP TREND: WORSE PEER RANK: 1 ñ NUMBER OF VIOLENT CRIMES PER 100K RESIDENTS 285 MSP TREND: WORSE PEER RANK: 2 ó PERCENT OF POPULATION 16+ WHO VOLUNTEERED PAST YEAR This data is for 13-county area 41.0 % MSP TREND: BETTER PEER RANK: 1 óTALENT PERCENT OF POPULATION EMPLOYED IN ADVANCED INDUSTRIES5 9.6 % MSP TREND: BETTER PEER RANK: 8 ó NUMBER OF H1-B VISAS REQUESTED PER 1000 WORKERS This data is for Minnesota 3.2 MSP TREND: BETTER PEER RANK: 9 ó NET MIGRATION OF 25-34 YEAR OLDS4 +1,858 PEOPLE MSP TREND: BETTER PEER RANK: 8 ó PERCENT OF FOREIGN-BORN POPULATION AGED 16-64 WORKING4 75.1% MSP TREND: SAME PEER RANK: 2 ò EDUCATIONTHIS REGIONAL INDICATORS DASHBOARD is a set of shared metrics that tracks the region’s change on critical economic, environmental, and social outcomes. Measuring change in the areas that matter most for continued long-term success will help improve our region’s economic competitiveness. 2017 is the third year of this effort. MSP TREND: Reflects change between most current data available and the last prior data available. All data reflects the 16-county metropolitan statistical area (MSA) unless otherwise indicated. PEER RANK: 1=BEST, 12=WORST The 11-peer regions are listed on the reverse of this document. PEER TREND: (ARROW) Denotes change in MSP performance relative to previous year’s peer ranking. YEARLY PERCENT CHANGE IN JOBS 2.0 % MSP TREND: BETTER PEER RANK: 10 ó POVERTY RATE (PEOPLE OF COLOR) 21.2 % MSP TREND: BETTER PEER RANK: 10 ó PERCENT OF ELECTRICITY THAT IS NON-CARBON 51.0% MSP TREND: BETTER PEER RANK: 3 ò PERCENT OF POPULATION WITH COMMUTES LESS THAN 30 MINUTES 63.5% MSP TREND: BETTER PEER RANK: 1 ó 3-YEAR GRADUATION RATE AT 2-YEAR INSTITUTIONS This data is for Minnesota 49.9 % MSP TREND: SAME PEER RANK: 4 ñ 6 -YEAR GRADUATION RATE AT 4-YEAR INSTITUTIONS This data is for Minnesota 63.2 % MSP TREND: SAME PEER RANK: 5 ó JOB QUALITY INNOVATION CAPITAL TALENT AVAILABILITY JOB ACCESS ENERGY COMPETITIVENESS SHARED PROSPERITY 5. As defined by Brookings, industries are advanced if a greater share of their workforce is STEM oriented than the U.S. average and their R&D spending is at least $450 per worker. 1. Annual wage greater than 130% of poverty for a household of 4, as per USDA's requirement for SNAP benefits POVERTY RATE (WHITE) 5.7 % MSP TREND: BETTER PEER RANK: 1 ó 3. The Small Business Innovation Research (SBIR) Small Business Technology Transfer (STTR) PERCENT OF HIGHWAY MILES RATED IN GOOD CONDITION This data is for 8-county area 64.7% MSP TREND: WORSE PEER RANK: — PERCENT OF BRIDGES THAT ARE RATED "POOR" This data is for Minnesota 5.8 % MSP TREND: BETTER PEER RANK: 9 ò CENTS/ KWH METRIC TONS GAL/DAY PERCENT OF POPULATION LIVING WITHIN 30 MINUTES OF 100,000 JOBS BY TRANSIT OR WALKING 5.0 % MSP TREND: WORSE PEER RANK: 6 ò PERCENT OF POPULATION AFFECTED BY A DRINKING WATER VIOLATION .5 % MSP TREND: BETTER PEER RANK: 2 ñ PERCENT OF JOBS RELATED TO FOREIGN DIRECT INVESTMENT 3.9 % MSP TREND: BETTER PEER RANK: 8 ó LOANS TO BUSINESSES UNDER $1M IN REVENUE $797M MSP TREND: BETTER PEER RANK: 7 ó ANNUAL AMOUNT OF VENTURE CAPITAL2 This data is for Minnesota $339 M MSP TREND: WORSE PEER RANK: 10 ó POPULATION 25+ WITH ASSOCIATE’S DEGREE OR HIGHER4 50.6 % MSP TREND: SAME PEER RANK: 3 ó POPULATION 25+ WITH A BACHELOR’S DEGREE OR HIGHER4 40.3 % MSP TREND: SAME PEER RANK: 6 ò 4. Change or differences not statistically significant, trend unclear. 2. Based on all deals reported to PwC. 3RD GRADE STUDENTS ACHIEVING READING STANDARDS This data is for 14-county area WHITE STUDENTS 69.5 % MSP TREND: WORSE STUDENTS OF COLOR 38.7 % MSP TREND: BETTER 8TH GRADE STUDENTS ACHIEVING MATH STANDARDS This data is for 14-county area WHITE STUDENTS 71.6% MSP TREND: BETTER STUDENTS OF COLOR 40.5% MSP TREND: WORSE PERCENT OF HIGH SCHOOL STUDENTS GRADUATING ON TIME (WHITE) This data is for 14-county area 86.9 % MSP TREND: SAME PERCENT OF HIGH SCHOOL STUDENTS GRADUATING ON TIME (OF COLOR) This data is for 14-county area 69.8 % MSP TREND: BETTER TMPEER REGIONSVITAL STATISTICSGROSS REGIONAL PRODUCT $248.8 B MSP TREND: INCREASING PEER RANK: 7 ó GROSS REGIONAL PRODUCT PER CAPITA $70,584 MSP TREND: INCREASING PEER RANK: 4 ñ MEDIAN HOUSEHOLD INCOME $71,008 MSP TREND: INCREASING PEER RANK: 4 ó LABOR FORCE PARTICIPATION RATE4 72.1% MSP TREND: DECREASING PEER RANK: 1 ó TOTAL JOBS 1.83 M MSP TREND: INCREASING PEER RANK: 8 ò UNEMPLOYMENT RATE-ANNUALIZED 6 3.4 % MSP TREND: DECREASING PEER RANK: 1 ó TOP TIER TAX RATES This data is for Minnesota CORPORATE TAX 9.8 % MSP TREND: SAME PEER RANK: 2ND HIGHEST PERSONAL INCOME TAX 9.85 % MSP TREND: SAME PEER RANK: 3RD HIGHEST The creation of the dashboard was led by a collaboration of the following research partners: GREATER MSP WILDER RESEARCH/MINNESOTA COMPASS THE ITASCA PROJECT MEDICAL ALLEY ASSOCIATION THE METROPOLITAN AIRPORTS COMMISSION (MAC) MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENTRESEARCH PARTNERSPeer regions were selected based on demographic and economic characteristics, location, evidence of competition with MSP for business or talent, and positive economic trajectory. ATLANTA AUSTIN BOSTON CHICAGO DALLAS-FT. WORTH DENVER PHOENIX PITTSBURGH PORTLAND SAN FRANCISCO SEATTLE TECHNICAL DETAIL AVAILABLE AT: greatermsp.org/regional-indicators The following resources complement this dashboard and provide additional detailed information: GENERATION NEXT gennextmsp.org MINNESOTA BUSINESS PARTNERSHIP HEALTH SCORECARD mnbp.com/wp-content/uploads/2015/02/MBP_HealthScorecard.pdf METROPOLITAN COUNCIL metrocouncil.org MINNESOTA COMPASS mncompass.org MINNESOTA DASHBOARD mn.gov/mmb/mn-dashboard/ MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT mn.gov/deed/data REGIONAL INDICATORS (SUSTAINABILITY) regionalindicatorsmn.com BROOKINGS METRO MONITOR brookings.edu/research/metro-monitor-2017/ MINNESOTA STATE DEMOGRAPHIC CENTER mn.gov/admin/demography/data-by-topic/ POPULATION 3.5 M MSP TREND: INCREASING PEER RANK: 8 ó POPULATION 55 YEARS + 25.5 % MSP TREND: INCREASING PEER RANK: 7 ó POPULATION GROWTH 0.8 % MSP TREND: DECREASING PEER RANK: 9 ó POPULATION OF COLOR 23.2 % MSP TREND: INCREASING PEER RANK: 11 ó 6. In this case 1 means the lowest rate of the peer cities. RANK: 1=LARGEST, 12=SMALLEST VOLUME 3 Photo: McNamara Alumni Center, University of Minnesota