IEMS Indicator Information
The most recent year reported for each indicator varies based on data availability as of June 22, 2018. Some indicators rely on reports that are issued annually and have a shorter reporting cycle, while other reports are available every two years and have a longer reporting cycle. The older data are included here because they are key indicators, can be used in conjunction with information provided by other indicators to support a narrative regarding overall trends, and show Virginia’s performance relative to other states.
Interstate comparisons are made with reference to a group of six technology benchmark states (benchmark states), which were chosen based on economic similarities to Virginia and success in stimulating innovation and entrepreneurship. They are: California, Maryland, Massachusetts, North Carolina, Pennsylvania, and Texas. When a non-benchmark state leads on the particular indicator, that state is also identified. Lastly, a United States average is provided.
Virginia intra-regional comparisons are made using the nine regional GO Virginia regions, which are: Southwest Virginia (Region 1), Roanoke/New River/Blacksburg (Region 2), Southside (Region 3), Greater Richmond (Region 4), Hampton Roads (Region 5), Greater Fredericksburg (Region 6), Northern Virginia (Region 7), Shenandoah Valley (Region 8), and Greater Charlottesville (Region 9). More information about which counties and cities are included within each region is available via the map can be found here. Prior to FY2018, the IEMS used eight regions, based on the model of the now sunset Council on Virginia’s Future.
Directional arrows are based on trends over the past five years of available data. If the change was significantly positive, the directional arrow is “improving.” If it exhibited little change, it is “maintaining.” If the change was significantly negative, the directional arrow is “worsening.” In cases where multi-year information is not available, a horizontal line indications that trend data was not available.