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MEASURING SUCCESS |
In 2003, the Chattanooga Area Chamber of Commerce embarked on its first proactive, multi-year economic development initiative designed to market the Chattanooga region as a premiere business location. The Tell the World! initiative has been instrumental in raising the awareness of site selection consultants and corporate real estate executives. They now have a clear understanding of Chattanooga’s beautiful setting, quality of life, low cost of living, strategic southeastern location. We compete with communities that have engaged in aggressive economic development marketing for 20 years or longer.
During the second phase of the effort, which will last from July 2007 to June 2011, the Chamber has announced the following goals and is tracking progress:
Chamber Outcomes
| Item |
Goal by June 2011 |
Progress to Date |
|
Increase employment by |
15,573 jobs |
12,266 new jobs |
| Directly assist the creation of |
7,500 jobs |
4,172 new jobs |
| --with average wages of at least |
$37,466 |
$52,258 |
|
Increase private capital investment by |
$500,000,000 |
$1,548,400,000 |
| Support the creation of new income in the amount of |
$526,800,000 |
$527,588,791 |
|
Increase Disposable Income by |
$421,450,000 |
$422,071,033 |
| Increase Net Personal Consumption by |
$390,100,000 |
$390,668,948 |
Other Economic Indicators
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