The Economic Snapshot™ is designed to be an overview of our local economy, telling us where the economy has been quarter to quarter and year to year since our base year of 2007. The Index is based on 5 main components: Sales Tax, Building Permits, Housing, Transient Occupancy Tax and Employment, all of which are seasonally adjusted and equally weighted.
Make sure to click on the Business Confidence Survey™ to see where the economy is going next, based on input from local business leaders in their corresponding cities. It illustrates the result of a multiple choice survey letting us know how local business leaders feel about the prospects of their own companies along with local, state, and national economies over the next 12 months. All responses are aggregated and a score between 0 and 100 is computed. A score over 50 indicates an overall optimism about the local economy.