Unveiled at the 2019 Annual Dinner, the Orlando Prosperity Scorecard is an interactive, simple and powerful tool designed to deepen the region’s understanding of the factors impacting progress toward economic security and well-being
Orlando, Fla. – The Orlando Economic Partnership’s (the Partnership) Foundation for Orlando’s Future unveiled the Orlando Prosperity Scorecard, an interactive, simple and powerful tool designed to deepen the region’s understanding of the factors impacting progress toward economic security and well-being, at its 2019 Annual Dinner. Through this framework, broad-based prosperity is identified as an outcome that exists in an economy that creates opportunities for all; where regional talent has the capacity to take advantage of those opportunities, and barriers limiting access to participation in the economy are removed.
The Orlando Prosperity Scorecard tracks 11 different metrics for each of the seven counties in Central Florida, as well as the overall area (seven counties) and Orlando MSA (four counties). Two metrics are overarching indicators of broad-based prosperity: Gallups’s Well-Being Index and the proportion of households struggling to meet basic needs, measured by the United Way ALICE report. The remaining nine metrics fall into the broad-based prosperity framework of Opportunities, Capabilities, and Access, which create opportunities for all; where regional talent has the capabilities to take advantage of those opportunities, and barriers limiting access to participate in the economy are removed. The Scorecard also illustrates factors impacting neighborhood prosperity through its partnership with the Polis Institute and its Neighborhood Opportunity Index.
“The Scorecard will evolve as we incorporate new measures of social capital and integrate more closely with regional initiatives and will help us create a common vocabulary and inform conversations around the region about how to best improve the lives of every Central Florida resident,” said Dale A. Brill, the Partnership’s senior vice president of research.
The scorecard as well as its accompanying Neighborhood Opportunity Index can be found at orlandoprosperityscorecard.org.
The 2019 Annual Dinner also celebrated 20 years of transformation throughout the Orlando region and outlined a vision for a future that furthers broad-based prosperity.
“As we approach the year 2020, it’s important to consider how far our region has come since the turn of the millennium.”Tim Giuliani, Orlando Economic President and CEO
“Back then, we could only imagine having community rail and intermodal systems, a medical school, a soccer stadium, a world-class smart sensor research facility, performing arts center, 75+ million visitors a year, and so much more,” Giuliani said.
The Partnership also announced:
- Business Development project completions including working with 25 companies who will generate more than $621 million in capital investments, 4,224 projected new jobs, $291 million in payroll, and wages that exceed the regional average by 48 percent.
- The formation of the Orlando Tech Council, comprised of private industry, resource organizations and public partners, that will develop new programs to strengthen the region’s innovation resources and create opportunities for companies to scale.
- The launch of the Partnership’s communications platform Orlando News Amplified (news.orlando.org) that shares economic and community development stories, content and resources that advance Orlando as a future-ready region and alter the perceptions of a region best known for tourism.
- A new talent recruitment website (life.orlando.org) that showcases what it’s like to live, work, learn and play in the Orlando region and is designed to assist Human Resources professionals with talent attraction and retention efforts. The site features a neighborhood guide, educational system highlights and includes a cost of living calculator.
- Leadership Orlando 2.0: The Impact Project Team 1 tackled the community issue of social mobility and challenged leaders to work with contemporaries across the spectrum of industry and community to find real pathways toward solutions. Team 2 will pick up where Team 1 left off, continuing to build upon their knowledge of Orlando and digging deeper into a collective impact agenda to implement a model that helps broad-based prosperity reach individuals throughout the region.
- The Foundation for Orlando’s Future, along with leaders in the business community, began working with Blue Zones to conduct an assessment and feasibility analysis in Orange County that will determine how to make it a healthier, happier and more prosperous place to live, work and play. This effort is part of the Foundation’s mission to help regional leaders plan to ensure the region’s rapid urban expansion occurs in concert with equitable and inclusive growth.
The event also honored Harris Rosen with the James B. Greene Award, for his legacy of philanthropic impact that spans the educational spectrum, from his adoption of Tangelo Park to the Rosen College of Hospitality, and FINFROCK with the Schwartz Innovation Award, for its breakthroughs in technology solutions that increase efficiency, productivity and profitability of precast/prestressed concrete manufacturers.
“His support of the UCF Rosen College of Hospitality Management, his vision in creating the Tangelo Park Foundation and the Parramore Foundation, and more recently, the Adam Michael Rosen Foundation, in memory of his son, is all about lifting the lives of others and ultimately making this a greater community, a better world,” said 2015 James B. Greene Award recipient and CEO of the Orlando Magic Alex Martins.
Nearly 800 people attended the event held at Amway Center. For more information please contact Laureen Martinez, senior director of marketing and communications at the Orlando Economic Partnership at 407-242-3982 or at Laureen.Martinez@orlando.org.