In the fall of 2007, the Greenville Chamberís Advantage Greenville program commissioned Clemson University to create an Economic Scorecard to analyze how the Greenville area is doing relative to competing communities across the U.S. (Click HERE to view the Regional Economic Scorecard.)
According to the results of the Scorecard, for twenty years Greenville outperformed the U.S. in income growth and saw the quality of life of our citizens rise steadily. However, for nine consecutive years, income growth in Greenville lagged the rest of the country and we found ourselves back to 1986 performance levels. This unprecedented decline resulted in a loss of over $1.3 billion in spendable income in Greenville County every year. That is a staggering amount of lost income; one which if regained would impact every business and household in the area.
Numerous studies of our economy have taken place in recent years and all point toward the same conclusion Ė to compete in todayís global marketplace, Greenville must retool and expand its efforts for growing our local economy. Results-driven development strategies proven successful in other peer communities are needed to improve our competitiveness and regain our economic momentum.
A RESULTS-DRIVEN PLAN
The Greenville Chamber has continued to engage economic researchers at Clemson University to provide an evaluation of our regionís economic health and actionable information about the drivers of economic growth. The Regional Economic Scorecard is an objective report on the area's economic vitality. The Scorecard, funded by ACCELERATE!, is distributed throughout the Upstate SC region each year.
The Scorecard focuses on four main drivers of wealth creation:
ACCELERATE! Funded Strategies