Hi all... I am currently working on my senior capstone and I am seeking to determine if the economic conditions of a certain county in the Upper Ohio Valley are improving or declining.
I have a pretty good base, but I would like to run something by you folks. I use the term "economic conditions", but I am wondering if there is a better term. I toyed with the notion of "business climate", but I am not just measuring the business climate.
I am using these indicators to measure economic conditions:
The number of new businesses since 1970
The number of expanding businesses since 1970
The number of employed in county (changes since 1970)
The median income of county residents (changes since 1970)
The number of businesses closed or relocated outside of county since 1970
The amount of collected revenue by county (changes since 1970)
The vacancy rates of retail and industrial sites
The education levels of county residents
The population changes in county since 1970
Can you think of any others that I am missing and should add? Generally, I could include much more like tourism #'s, numbers of schools, etc., but I'd be getting away from my research purpose.
The idea I am getting is that things are slowly improving in the Upper Ohio Valley; population declines have levelled off and slightly more businesses are moving into the area. I could go on and on, but I'd rather save it for my paper .
Just wondering if I am on the right track! Any insight would be appreciated!Thanks.....