The Partnership will track regional progress using the same metrics employed by Virginia Performs http://vaperforms.virginia.gov. Per the Partnershipâ€™s Strategic Planning committee, we will focus Partnership activities in three target areas: Education, Transportation and Economy.
Several indicators are customized for the Hampton Roads market to measure specific regional drivers and around which the Partnership can develop mission-oriented initiatives and activities for HRPâ€™s role as convener, educator, and influencer.
I. Education -Unite the regionâ€™s stakeholders behind efforts to ensure all citizens gain knowledge and life skills required to succeed in the global economy and society.
Metrics: The Phonological Awareness Literacy Screening for Kindergarten (PALS-K) assessment instrument is a screening tool used to identify students who are below kindergarten level expectations in important literacy fundamentals. http://pals.virginia.edu
Metrics: The share of residents with a: high school degree; associatesâ€™ degree; bachelorâ€™s degree; masterâ€™s degree; and PhD as well as changes in these percentages over time.
Research & Technology (R&T)
Metrics: A good all around gauge, one that is reliable and allows for cross institutional and cross regional comparisons, is Total Research Expenditures as reported to the National Science Foundation (Academic R&D Expenditures Survey).
II. Transportation -Advocate for a regional transportation system that enables easy movement of people and goods, efficiently uses land resources, enhances the economy and improves our quality of life.
Metrics: Congestion is best measured on a quantitative level of service (LOS) scale. According to the Highway Capacity Manual, Level of Service (LOS) is a â€śquality measure describing operational conditions within a traffic stream, generally in terms of such service measures as speed and travel time, freedom to maneuver, traffic interruptions, and comfort and convenience.â€ť The change in congestion is often more important than the absolute rating.
Metrics: Tracking population density per square mile, and especially its change over time, reveals how well a city or region is doing in land use planning and preserving open space.
Metrics: Transit ridership is typically a function of availability, necessity and opportunity. Total transit ridership is the key measure for successful public transit.
III. Economy -Support efforts to improve competitiveness of the Hampton Roads economy, particularly in the areas of port development and modeling & simulation.
Standard of Living
Metrics: Per capita income, or â€śPCIâ€ť, is calculated by subtracting social security contributions from total current income received by persons from all sources (wages, salaries, rents, dividends, transfer payments, etc), and then dividing the result by total population.
Overall Quality of Jobs
Metrics: Per capita income is a measure of general economic health, earnings per worker provides an indication of the quality of jobs in the region. Earnings per worker is defined as total earnings wages, salaries, other labor income such as benefits, and proprietor income divided by total number of workers.
Port/Maritime â€“ the major non-defense industry segment in our region and critically important for industry diversification. Hampton Roads is still largely a â€śthrough portâ€ť whereby goods pass through unaltered on route to their final destination. More can and should be done to encourage businesses that add value to the goods pass through the Port of Virginia, Hampton Roads.
Metrics: Total cargo tonnage and containers shipped through the Port of Virginia. Additionally, track relative ranking in these categories among other East Coast Ports.
Modeling & Simulation â€“ the process of developing a mathematical model of a real world condition, say the flow of containers through a port facility, and then running multiple simulations to extract information concerning that model. This information can be used to enhance the effectiveness of the processes a model describes allowing them to be made more efficient and profitable.
Metrics: Modeling and simulation is not yet among the many industries represented in the North American Industry Classification System (NAICS). As such, the Partnership should continue to support periodic surveying of the regionâ€™s M&S industry to obtain useful statistics on total employment, wages, industry growth and economic impact. The chief downside to the survey approach is its expense which limits the frequency of which data is collected. In addition to the survey, Opportunity, Inc. has access to JobsEQÂ®, a special product of Chmura Economics & Analytics that may provide a rough estimate of this information in years between surveys.
For a complete version of this 2007 Strategic Plan, download HERE .