Community Economic Preparedness Index

Community Economic Preparedness Index:  The CEP index will measure a county’s or parish’s economic preparedness level based on fifteen different variables: economic development plan, effective zoning ordinances, industrial site capabilities, separate development organization, commercial development capabilities, small business development, community infrastructure, utilities capabilities, education access/quality, financial support available, strength of tourism boards, abilities/availability of labor force, natural disaster susceptibility, quality of life, and local government structure.  Once each variable is given a value, the numbers will be entered into the County Economic Preparedness model and an overall score will be assigned representing the current level of economic preparedness.

Community Economic Preparedness:  Communities which are actively engaged in pursuing fundamental steps toward economic resilience and disaster management will possess local economies which are resilient to the effects of natural disaster, and thus experience quick financial and physical recovery.

Economic Development Plan:   This variable determines whether the county/parish has an economic development plan, the strength of the plan, and how current the plan is.

Effective Zoning Ordinance:  This variable determines if the county/parish has effective, up-to-date zoning ordinances.

Separate Economic Development Organization:  This variable determines if the county/parish utilizes a separate entity for economic development within the county/parish.

Industrial Site Capabilities:  This variable determines if the county/parish has industrial site capabilities, and how well suited they are to attract and retain new industry to the area.

Commercial Development Capabilities:  This variable determines if the county/parish has the capacity to attract and retain new businesses to the communities.

Small Business Development:  This variable determines if the county/parish has the ability to foster new business growth within the community, and how strong theses abilities are.

Community Infrastructure:  This variable determines whether the county/parish has the ability to handle pedestrian, automobile, and shipping traffic within the county/parish, and how efficient that ability is.

Utilities Capabilities:  This variable determines whether the county/parish has the utility capabilities (water, electric, sewage, waste, internet, etc.) to handle current population and industrial demands, as well as, and potential population increase of up to 10%.

Education Access/Quality:  This variable assesses the current education system in the county/parish, as well as the access to secondary education, and the ability to absorb a student population increase of 10%.

Financial Support Available:  This variable determines the various possible financial venues available to foster growth within the county/parish.

Strength of Community Tourism Boards:  This variable determines whether the county/parish has an active tourism community, how strong it is, and to what extent it is current and how much of the county/parish it encompasses.

Abilities/Availability of Population/Labor Force:    This variable examines the population and labor force of the county/parish to the extent of availability of labor force, unemployment rate, and job training.

Natural Disaster Susceptibility:  This variable determines the susceptibility of the county/parish to natural disasters based on frequency of event, emergency plan, and disaster plan.

Quality of Life:  This variable assesses the quality of life in the county/parish by examining everyday factors which will influence decisions, such as where to live or move.

Local Government Structure:  This variable determines the structure of the local government, and the extent to which it controls decision making within the county/parish.

To view the complete Community Economic Preparedness Index, click here.