Benton-Franklin Trends Newsletter

Issue #11

INDICATOR NEWS

WELCOME TO THE BENTON-FRANKLIN TRENDS BLOG!

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Most indicators on the Benton-Franklin Trends website are updated annually, although some indicators can only be updated every two-years and others every five-years. There are even a few indicators receiving updates as frequently as four times a year.

However, even the most enthusiastic user of the Trends website has had no way to tell for sure when an indicator was updated - until now.

Subscribers to this newsletter received an email a few weeks back introducing them to the new Benton-Franklin Trends Blog. As the email explained, the blog will be…

COUNTRY OF ORIGIN FOR MIGRANTS LIVING IN THE U.S.


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Quality data can serve as a starting point allowing people to talk about sensitive subjects. Good data can also help us cut through the noise created by highly charged, political hot-button topics, such as immigration and immigration policies in the U.S.

Pew Research tracks the country of origin for international migrants living in the U.S. going back to 1990. Pew's numbers represent all people born outside of the U.S. who are currently living in the U.S. and includes: naturalized citizens, people on a work visa or through another legal process, and undocumented…

TRI-CITIES CLEANTECH PATENT RATE HIGHEST IN STATE

Brookings Institute graphic

Cleantech, or clean technology, is "often used interchangeably with the term greentech, [and is emerging] as an umbrella term encompassing the investment asset class, technology, and business sectors which include clean energy, environmental, and sustainable or green, products and services", according to cleantech.org.

Cleantech patent categories include: advanced green materials, air, conventional fuel, bioenergy, energy efficiency, energy storage, geothermal, hydro/marine power, nuclear, recycling, solar, transportation, water / wastewater, and wind.

The Brookings Institution has…

INDICATORS IN ACTION

TAXABLE RETAIL SALES OUTPERFORMING BENCHMARKS -

3.2.3 graph

The level of taxable retail sales tells many more stories than simply how shop-happy local consumers are. Since Americans spend the better part of our incomes, rising sales usually reflect rising incomes. In Washington State, taxable retail sales form the largest component of local and state government revenue. As such, rising sales mean more resources to repair roads, support both K-12 and higher education expenditures and pay for essential services, In addition, the levels reported for the Greater Tri Cities can give insights into the draw of local…

RENTERS SPENDING 50%+ OF INCOME ON SHELTER BELOW BENCHMARKS -

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Nationally and statewide, the housing market has been swinging on a pendulum over the past 20-years: the housing bubble, the bubble bursting, decreasing home values and a stagnant real estate market, to the recent boom in the housing market. Yet in the greater Tri Cities area, the median resale house price, as seen in Indicator 6.3.1, never dipped during the Great Recession or immediately thereafter. Instead, the movement over time has been gently but relentlessly upward. This growth, while positive, is not without consequences for housing costs…

MEDIAN HOME RESALE VALUE CONTINUES TO INCREASE -

7.3.1 graph

The most common way for households to maintain long-term affordable housing is through homeownership. But strains on the housing market, such as a decrease in the typical number of homes on the market and home values increasing at a much faster pace than wages can have an effect on that accessibility.

The Tri Cities area has prided itself on an affordable housing market for many years, Yet, Jeff Losey, Executive Officer of Home Builders Association of Tri-Cities said, "Labor and lot availability, coupled with low…

5-QUESTIONS WITH:

LORI MATTSON - PRESIDENT & CEO, TRI CITIES REGIONAL CHAMBER OF COMMERCE

Lori Mattsom Photo

Q: First, can you share what the current strategic goals for the Tri Cities Regional Chamber are?
A: Our current Chamber 2020 Strategic Plan includes the following objectives:

  • Engage stakeholders through high-value opportunities and innovative strategies.
  • Build capacity for increased economic and leadership resources.
  • Lead the region to a dynamic economy and quality of life.