Business Formation Statistics, a new data product provided by the U.S. Census Bureau, is now included in DVRPC’s Tracking Progress trends. The Connections 2050 Plan seeks to foster innovation and a highly-skilled workforce, expand entrepreneurialism, encourage new business formation and growth, and support key economic sectors. Business formation statistics help quantify where we stand in achieving that goal.
The DVRPC Board has approved $600,000 toward six projects in New Jersey through the Transportation and Community Development Initiative (TCDI) grant program. TCDI grants utilize federal transportation funds to support planning initiatives that further our region’s progress toward DVRPC’s vision for an equitable, resilient, and sustainable region.
The U.S. Bureau of Economic Analysis recently started estimating county-level Gross Domestic Product (GDP), giving us a first glance at economic activity for the region and our member counties. GDP more than doubled from 2001 to 2021 with a 105% growth rate. This was above Pennsylvania's 99% and below New Jersey’s 116% growth rates, and under the national growth rate of 141% over the same period.
View insights into the impacts of the COVID-19 pandemic seen across a selection of the 16 indicators recently updated on Tracking Progress, DVRPC’s interactive dashboard for exploring Greater Philadelphia’s progress toward the Connections 2050 vision of an equitable, resilient, and sustainable region.
Today is our official launch of #TrackingTuesday, which will feature content from Tracking Progress—DVRPC’s award-winning interactive dashboard for exploring Greater Philadelphia’s progress toward the Connections 2050 vision of an equitable, resilient, and sustainable region.
