Redding Receives Poor Grade in Economic Report. Butte, Tehama, & Glenn Counties Fare Better
Updated On: Jan 18 2013 12:43:03 AM CST
Some high ranking state officials were in the North State Thursday for the 13th Annual Economic Forecast Conference.
The meeting gives the North Valley a scorecard of its economic performance.
The North Valley area is made up by Redding, Fresno, Medford, Oregon, Yuba City, Tri County, which is Butte, Glenn, and Tehama counties), Sacramento, Reno, Nevada, Portland, Oregon, and Boise, Idaho.
The forecast measures things like innovation, entrepreneurship, human capital and overall economic health.
Overall, local numbers were nothing to brag about. Redding scored the lowest of all nine regions, and that was for the straight year.
Redding was also the only region with negative growth in gross regional product growth (GRP). That's the value of all goods and services produced. Tri county did better, ranking second and above the national average.
Both Redding and the Tri County employment rates were worse then the national unemployment rate, as was the Knowledge Workers Index.
However, there was some better news. Redding and Tri County Propietor's Income, that's the percentage of an area's income that is generated by owner operated businesses, saw good results. Tri County was about 70 percent above the national average and Redding also saw better than the average. Redding also showed well in the business start up index.
The report also looked at violent crime. Redding ranked the worst.
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