Benton-Franklin Trends Newsletter

Issue #10

WELCOME!

NEWS FROM THE REGION
DIAHANN HOWARD, DIRECTOR OF ECONOMIC DEVELOPMENT & GOVERNMENTAL AFFAIRS FOR THE PORT OF BENTON

Diahann Howard Photo

Welcome to Benton Franklin Trends quarterly update. In the Tri-Cities our economy continues to remain strong with retail sales tax increasing across the communities of Richland, Kennewick, Pasco and West Richland. It is the season of graduations and we congratulate all local graduates, take a look in this issue to learn more about our local labor force. Recently, the Port of Benton and Tri-Cities Research District provided support to FUSE to host the seventh annual Tri-Cities Launch, except this one was different and a pivotal change in how we engage and support entrepreneurship. Working with Washington State University and Pacific Northwest National Laboratory, FUSE was able to bring technologies to the teams. The result was three winners and six potential companies that are moving forward with developing their business concepts. The key message the sponsors received from that event was that we are "innovators, early adopters", and we believe this is the growing story around entrepreneurship for our region moving forward. Enjoy this quarter's edition of Benton-Franklin Trends

INDICATOR NEWS


HOW MUCH IS WASHINGTON STATE TAXING AND SPENDING?

Taxes graphic

Curious to know how much the state is spending on college education? Parks? Public health and safety? State and local governments have responded to the demand for transparency by posting more and more information online; however, people with a strong background in internet research were the only ones able to find that information - until now.

The State and Local Government Snapshot is the most comprehensive and compact view of local government data spanning across the U.S. The tool, created by the U.S. Census Bureau, is a nifty innovation…


A DAY IN THE LIFE OF AMERICANS - THIS IS HOW AMERICA RUNS

Life in America graphic

Apart from the lengthy and detailed scientific method, it is still part of the human experience to try and simplify complicated things in order to help make sense of them. Simplifying the complicated is part of the beauty of data visualizations.

One informative and fun example shows what Americans are doing at any given time throughout a standard 24-hour day. What are typically considered standard working hours from 8am to 5pm are also the best time for leisure and sleep activities for many people, but for how many people in America and exactly at what time are engaging…

INCARCERATION RATES FOR EACH U.S. STATE - COMPARED TO OTHER COUNTRIES

Jail graphic

Crime statistics, by nature, can be a little fuzzy, since they are based on crimes that law enforcement know about. To "know" of a crime, the crime needs to receive an official response from law enforcement. In the minimum, law enforcement must acknowledge it having occurred to officially count in crime statistics.

There are crimes that are almost always reported, like motor vehicle theft and arson, as well as crimes like arson that the authorities will discover on their own as part of an overall public safety response to a hazardous situation. There are also…

INDICATORS IN ACTION

COLLEGE ENROLLMENT RIGHT AFTER HIGH SCHOOL DECLINING -

4.4.1 graph

The gaps between future earning potential by levels of educational attainment are significant. Generally speaking, the higher the level of degree equates to a higher future earning potential. Just as important but perhaps less discussed is the fact unemployment rates decrease by level of educational attainment. So, it is not surprising that there are a lot of societal interest in whether or not and how high school graduates continue their education.

Looking at the Share of Public High School Students Who Attend Higher Education Institutes within the

YOUTH DRUG ARRESTS ABOVE BENCHMARKS -

8.2.2 graph

Two of the first national anti-drug campaigns targeting youth were: Nancy Reagan's inspired "Just Say No," and the Drug Abuse Resistance Education (DARE) program. A lesser known local program in Plainview, NY two decades ago put "Too Cool To Do Drugs" on pencils. As kids sharpened pencils, their message slowly changed to "Cool To Do Drugs" and eventually "Do Drugs". So maybe not the greatest idea.

Years later, two distinct camps have evolved toward the effectiveness of these and similar programs. Not up for debate, however, is their target…

EMPLOYMENT BY FIRM SIZE: JOBS IN THE REGION STAYING STEADY -

3.3.6 graph

Indicator 3.3.6, shown above, depicts the breakdown of employment by the size of the firm. This helps determine the underlying health of firms of varying sizes, particularly small businesses. For many reasons, economic development organizations, chambers of commerce and elected officials look favorably at small businesses.

The Small Business Administration (SBA) defines a small business as an independent business having fewer than 500 employees and claims that these firms account for 48% of all private sector employment in the…