SHERMAN, March 22, 2013 – Workforce Solutions Texoma, Texoma Council of Governments, and Denison Development Alliance announce the release of the Texoma Regional Economic Dashboard report. This report covers the Fourth Quarter of 2012. The Economic Dashboard provides a quick, informed, and consistent economic picture of the area.
I’m really pleased this dashboard is in place. I believe it can be a great tool for local businesses, economic development professionals, and citizens interested in the economic condition of our region.
The Texoma Regional Economic Dashboard aligns multiple economic indicators from four board categories: Employment, Public Assistance, Spending, and Miscellaneous Indicators. The result is a more accurate picture of the overall health of the Regional economy. The Texoma Region includes Cooke, Fannin, and Grayson Counties.
The Texoma Regional Economic Dashboard is designed to inform public officials, businesses, and job seekers about the economic condition of the Texoma Region defined as Cooke, Fannin, and Grayson Counties. Because no single indicator should be considered a barometer for a regional economy, the dashboard project aligns multiple economic indicators to create a more accurate picture of the overall health of the Regional economy. The indicators come from four board categories: Employment Related Indicators, Public Assistance Indicators, Spending Related Indicators, and Miscellaneous Indicators.
For a more in-depth look at the data and analysis, a copy of the report and the interactive dashboard can be found at www.texomaedd.org.
Based on the data collected, and the analysis of the team, it appears the overall economic health of the Region is better than it was last quarter, and this time last year. This is based on several factors.
The Texoma Regional Economic Dashboard will be released in two formats, a quarterly report that contains analysis of indicators available on a quarterly basis at minimum, and an annual report that will contain analysis of the quarterly indicators and additional indicators available on an annual basis at minimum.
The next installment scheduled to be released in June 2013, which will include the 1st Qtr. 2013. An Annual Report for 2012 is being prepared, and will be released soon.
For additional information, contact: