Develop a prosperous, resilient local economy that provides opportunity by creating jobs, retaining and attracting talent, supporting a diversity of businesses across all sectors, and rewarding investment in our community
How are we doing?
Need new text. [Over 3,100 new residential units have been constructed in Ann Arbor since 2010. Ann Arbor was home to over 120,000 jobs in 2010, and that figure is expected to grow to 145,000 jobs by 2040.]
What are the indicators?
Gross Domestic Product (GDP)
A gini index represents the difference between those who have the highest income and those with the lowest income in an area. The number is presented on a 0 to 1 scale, with 0 representing no income inequality and 1 representing very high income inequality. Ann Arbor currently falls somewhere in the middle with a .46 gini index, slightly higher than both Michigan and the entire United States.
Civic Dashboards Gini Index
Value of Construction Permits
In 2013, building permits in Ann Arbor valued over ten billion dollars. The value of construction permits issued reflects the construction activity in the community and is an economic indicator of potential growth. Ann Arbor’s building permits have bounced back from a low in 2009, but declined slightly from 2012 to 2013.
Source: City of Ann Arbor Permits
What way cool projects are underway?