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Indicator 2. Enhancing Business Efficiency |
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measure |
sources |
method |
| 2.A. Number of commercial phone lines and frequency of hookups and disconnects. This is an easy way to measure the combination of numbers of businesses and the volume of business. |
Local phone company | Written or phone request to the phone company |
| 2.B. Local businesses which have asked for modernization assistance. These data must be obtained from service providers-SBDC, Forest Service, Cooperative Extension, etc. For wages to improve and for businesses to stay competitive, productivity must improve. This can occur through more effective management, capital investment or more skilled labor. |
State economic development agency, Small Business Administration, USFS, local business groups, business management consultants in area | Interviews, surveys of business assistance providers |
| 2.C. Increase of private dollars invested in local businesses. One way businesses become more efficient is through investing in capital improvements. In areas experiencing economic stress, that early investment comes through the public sector. When private capital enters the local business market, it is an indicator of increased business soundness. |
State economic development agency, banks, Small Business Administration, USFS, local business groups, business management consultants in area | Interviews, surveys of business assistance providers, including banks |
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