Transcription of Performance Measurement in Economic Development
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Performance Measurement in Economic Development
Performance Measurement in Economic Development Development of Performance Measurement Systems for Local and Regional Economic Development Organizations Prepared by: Performance Measurement in Economic Development Development of Performance Measurement Systems for Local and Regional Economic Development Organizations September 2011 Executive Summary This report summarizes an examination of the literature on Performance Measurement in Economic Development to provide guidance to Economic developers for the creation of their own metrics. The initial goal was to produce a standardized template or model that could be used by all Economic developers to provide a consistent level of reporting in Economic Development .
EDAC ‐ Performance Measurement in Economic Development Page 3 Performance measures should flow from the organization’s strategic plan with the specific metrics selected to measure the progress towards the plan’s objectives. If for example an objective of the plan is
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