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Brief Prosperity Profile of Windsor, Ontario

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Brief Prosperity Profile of Windsor, Ontario

  1. 1. A Brief Prosperity Profile of Windsor, Ontario October 22, 2008 Kevin Stolarick, PhD Research Director
  2. 2. Outline / Approach 1. Present Benchmark Peers 2. Describe Selected Measures a. Some “Lagging” b. Some “Leading” 3. Get Your Thinking Where does Windsor rank? 4. Discussion 2
  3. 3. Benchmark Peers 3
  4. 4. Peer Selection 14 peer states/ • Ann Arbor, MI provinces for • Canton, OH Ontario based on • Fort Wayne, IN population. • Lansing, MI • Peoria, IL • Reading, PA 10 cities/regions • Santa Barbara, CA selected with • Spokane, WA populations • Tallahassee, FL approximately the • Victoria, BC same as Windsor. 4
  5. 5. Technology 5
  6. 6. Technology “A high technology base is both a necessary condition for and a result of a region having a strong creative economy. Being known as a quot;high-techquot; region helps to attract the creative workforce, which, in turn, generates new technologies making the region even more high-tech.”
  7. 7. Technology • “Tech Pole” Index (based on Milken Institute) – Share of total US/Canada “high technology” – Regional concentration of “high tech” among all industries • Combination allows smaller, tech-intensive regions to score well • US & Canada, based on total employment 7
  8. 8. Tech-Pole Index: Where does Windsor rank? • Ranking out of 11 (Windsor + 10 peers) • Peer Average: 0.099 • Lowest peer score: 0.008 (Canton, OH) • Highest peer score: 0.385 (Ann Arbor, MI) • Where does Windsor rank? –Top 3? –Bottom 3? –Middle 5? 8
  9. 9. Tech-Pole Index: Windsor “Middle 5” 9
  10. 10. Talent 10
  11. 11. Talent “The concentration of people in the Creative and Super Creative Classes, has a stronger relationship with economic growth. Creative people don't just cluster where the jobs are. They cluster in places that are centers of creativity and also where they like to live. Places need a people climate -- or a creativity climate -- as well as a business climate.”
  12. 12. Talent • “BA and above” • Percentof population 25 and older with a bachelor’s (4-year) university degree or higher (masters, graduate, PhD) 12
  13. 13. Talent Index: Where does Windsor rank? • Ranking out of 11 (Windsor + 10 peers) • Peer Average: 27.6% • Lowest peer score: 18.1% (Canton, OH) • Highest peer score: 51.7% (Ann Arbor, MI) • Where does Windsor rank? –Top 3? –Bottom 3? –Middle 5? 13
  14. 14. Talent Index: Windsor “Bottom 3” 14
  15. 15. Talent • Now, a “Creative Economy” – Innovation, Thinking, Creativity • “Paid to think” – Everyone has the potential to be creative • Percent of workforce in the “Creative Class” T = Technology and R&D Innovation A = Arts and Culture P = Professional and Managerial E = Educating and Training 15
  16. 16. Creative Class: Where does Windsor rank? • Ranking out of 11 (Windsor + 10 peers) • Peer Average: 29.7% • Lowest peer score: 24.7% (Reading, PA) • Highest peer score: 38.2% (Tallahassee, FL) • Where does Windsor rank? –Top 3? –Bottom 3? –Middle 5? 16
  17. 17. Creative Class: Windsor “Bottom 3” 17
  18. 18. Tolerance / Inclusiveness 18
  19. 19. Tolerance / Inclusiveness “Diversity has become a politically charged buzzword. To some it is an ideal and rallying cry, to others a Trojan-horse concept that has brought us affirmative action and other liberal abominations. Creative Class people use the word often, but not to press any political hot buttons. Diversity is simply something they value in all its manifestations.”
  20. 20. Tolerance / Inclusiveness • Mosaic Index • Percent of population foreign born • Immigrants generate growth and are a sign or regional “openness” 20
  21. 21. Mosaic Index: Where does Windsor rank? • Ranking out of 11 (Windsor + 10 peers) • Peer Average: 9.9% • Lowest peer score: 2.2% (Canton, OH) • Highest peer score: 23.6% (Santa Barbara, CA) • Where does Windsor rank? –Top 3? –Bottom 3? –Middle 5? 21
  22. 22. Talent Index: Windsor “Top 3” 22
  23. 23. Population Growth 23
  24. 24. Population Growth • Percent growth/decline in total population • Between 2001 and 2006 24
  25. 25. Population Growth: Where does Windsor rank? • Ranking out of 11 (Windsor + 10 peers) • Peer Average: 3.5% • Lowest peer score: 0.2% (Santa Barbara, CA) • Highest peer score: 7.4% (Reading, PA) • Where does Windsor rank? –Top 3? –Bottom 3? –Middle 5? 25
  26. 26. Talent Index: Windsor “Middle 5” 26
  27. 27. Discussion / Summary October 22, 2008 27
  28. 28. For More Information 28
  29. 29. For More Information • Richard Florida’s books – “The Rise of the Creative Class” – “The Flight of the Creative Class” – “Who’s Your City?” • www.martinprosperityinstitute.org • www.creativeclass.com 29
  30. 30. Thank You Kevin Stolarick October 22, 2008

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