
Evansville Scores high on Potential but LOW on Performance
Excerpts from the Study
“According to the National Broadband Map, Evansville ranks 368 of 370 metros in the U.S. on upload and download speeds (see endnote 8). This is a serious impediment for the attraction of certain IT types of companies, and to mobile entrepreneurs that rely on the internet for their work.â€
“ The Evansville Regional Airport provides good air service for a region of its size. However, the schedule is not necessarily business friendly. For example, it is difficult to do a day trip to and from Atlanta.â€
“During our focus group sessions, many of the respondents who are either employers, or who serve as a resource to help train employees for employers, cited the difficulty to find and retain skilled industrial, technical and managerial talent. There was near unanimity of that opinion from most if not all of the 70 focus groups participants we interviewed.â€
“During our interviews, it was also evident that many local leaders, elected officials and in some instances, economic developers, did not quite understand the economic development process, how industry clusters are identified, how to market the region effectively and what role the EDC and the LEDO’s should undertake so that there is no duplication of effort.â€
“Clearly, one of the most significant challenges in the region is the lack of suitable and available industrial and office space related to industrial parks, industrial sites and available, quality class A office space.â€
“The availability of venture or angel capital for entrepreneurs and start up ventures related to non retail enterprises is virtually nonexistent in the region. “
“However, the general appearance of many of the communities within the four counties we visited displayed blight, an aging housing stock (average age of 52 years), decaying downtowns and central business districts, litter, and in general, a perception of lack of community pride.â€
“Evansville has a lower relative proportion of residents whose highest level of attainment is “Bachelor’s Degree†and above (Figure 8, Figure 9 and Table 6). While the differences are not entirely striking, they may influence the attraction of firms demanding a sizeable pool of highly educated workers, or cause firms to reconsider Evansville for large scale research and development type operations. “
“Evansville and the two benchmark communities each enjoy relatively low Cost of Living scores, all below 100 (Table 25). Utility prices (residential electric and gas) appear the exception in Evansville, scoring at 120.3.†Note: The utility score for the region average the rates of Duke Power and Vectren. If only Vectren rates were used the score of 120.3 would have been substantially higher (lower is better).
Link to the entire study:
http://media.courierpress.com/media/static/EVV_Competitive_Realities_report_final_04032011__2_.pdf