Regional Economic Research Institute

Regional Economic Indicators: January 2022 Report

January 03, 2022 / RERI Research Team / Tags: regional economic indicators, reports

The RERI has published Regional Economic Indicators for January 2022. The monthly publication represents a collection and analysis of economic indicators including airport passenger activity, taxable sales, tourist tax revenues, labor force, employment, real estate, and consumer sentiment for the Southwest Florida workforce region.

Issue Brief: Small Businesses in Southwest Florida

December 23, 2021 / RERI Research Team / Tags: issue brief, reports

Small businesses are typically considered the main driver of local economies. They play a vital role in the development, growth and sustainability of any economy. A small business represents the beginning of a journey for many entrepreneurs, looking to anticipate the demands of consumers and bring new products to market. Many well-known companies all began as small enterprises, including Google, Amazon and Apple.

Industry Diversification Project: Fourth Quarter 2021 Report

December 15, 2021 / RERI Research Team / Tag: Industry Diversification Project

The RERI has published the Industry Diversification Report for the fourth quarter of 2021. The goal of the IDI is to measure industry diversification and, by extension, that of the workforce, in each of Florida’s 24 workforce regions, the state of Florida, and the remaining 49 states. The index measure is computed quarterly, soon after the release of workforce data from the Florida Department of Economic Opportunity’s Quarterly Census of Employment and Wages. It spans from 0 to 10, with 0 signifying no diversification (or an economy characterized by a single industry), and 10 signifying perfect diversification (no concentration).