Kelowna gets passing grade with notes for improvement

Kelowna scored 10th out of the 17 cities examined

Kelowna is doing economically well according to a report card out of the local Chamber of Commerce, but there’s room for improvement — particularly when social indicators are factored in.

The city finished sixth out of 17 global cities in economic performance. When blending in social indicators, Kelowna scored 10th out of the 17 cities examined in the study, in the middle of the pack with both economic and social indicators taken into consideration.

While scoring satisfactorily on the economic indicators – which ranged from labour force participation to office space vacancy rates – Kelowna didn’t fare as well on social indicators, ranking 14th out of the 17 comparable cities. The social indicators used were those which either directly or indirectly affected local economy and included such things as housing affordability and income inequality. Kelowna received three A grades for self-employed in the labour force, total value of building permits per capita and income inequality.

READ ALSO: STEPHEN HARPER IS ON HIS WAY

Seven Canadian cities were included in the benchmarking study including Victoria which ranked 3rd overall. Fredericton, Red Deer, Saskatoon, Waterloo and Niagara Region were the other Canadian comparators. Five US cities plus five cities outside North America were also included. Boulder, Colorado ranked #1 in the study followed by Ann Arbor (Michigan), Victoria, Charleston (North Carolina) and Fredericton.

“The Chamber is pleased to be a partner in the working group, and as always, will support business initiatives that further the ability of Kelowna to attract long term residents who open businesses here, or join the vibrant staffs at many of our leading-edge organizations,” said Carmen Sparg, president of the Kelowna Chamber said on reviewing the Scorecard’s findings. “Knowing where we stand on these 24 critical indicators, and where we need to adjust our policies for improvement and growth will only help all of us get to the future we envision in a more effective way.”

READ ALSO: CHAMBER FEELS MISLED ABOUT SHELTER

Eighteen months ago, a four-partner working group asked, “How does Kelowna rank worldwide?” After selecting comparative cities and combing through reams of data, the Group’s first Economic Scorecard has all the results. Nearly 25 task force members assisted the working group, calling in additional researchers to dig into relevant data, examine economic and social indicators, and produce a baseline report that will now be updated every three years.

City selection was based on: similar population size to Kelowna; airport key to community’s development; a popular tourist destination; located on or near a major body of water. The future of the Scorecard includes housing the data on the Kelowna Chamber of Commerce website kelownachamber.org/scorecard and seeking feedback on the merits of both re-examining new data and gauging progress on the issues identified in Kelowna through a discrete email communication@kelownachamber.org.

To report a typo, email:
newstips@kelownacapnews.com
.


@KelownaNewsKat
kmichaels@kelownacapnews.com

Like us on Facebook and follow us on Twitter.

Just Posted

Kelowna receives accolades for accessibility and inclusivity

“Receiving this provincial recognition reaffirms that everyone is welcome in Kelowna,” said Mayor

Kelowna council opposes ‘racist’ Quebec secularism bill

The city joins Calgary, Montreal, Victoria, Kitchener and Brampton in condemning the bill

Gotham Nightclub pumps up the jams for the first time this weekend

Gotham Nightclub is taking place of Level Nightclub eight months after it closed its doors

New trial ordered for Salmon Arm optician convicted of sexually assaulting 14-year-old boy

Kenneth Pilkington was ininitally found guilty of the offense

Sockeye Salmon return to Okanagan Lake for the first time in decades

The Okanagan Nation Alliance and Fisheries and Oceans Canada restored a fish ladder damaged over 50 years ago

Tories take North Okanagan-Shuswap riding with decisive lead

Incumbent Conservative MP Mel Arnold returns to Ottawa, Liberal Cindy Derkaz a distant second

Second young woman dies after rollover crash near Williams Lake

‘Someone’s going to get her heart, which is awesome, because she has the best heart in the world’

Google searches for ‘how to vote’ surge on Election Day

Interest spikes despite social media campaign by Elections Canada

Troll Grandfather bridges gap in Okanagan

Spotlight Kids’ Series show comes to Vernon Sunday

Alberta man pleads guilty, fined for hunting without a licence in North Island

It’s the responsibility of each hunter or angler to know whether they are considered a B.C. Resident.

B.C. mayor apologizes for removal of Queen’s portrait from council chambers

‘I prefer to be inclusive of the many aspects of our history’

Hergott: Driving and talking to a passenger

Lawyer Paul Hergott writes about distracted driving with passengers

Alcohol a possible factor in crash that killed 17-year-old girl near Williams Lake

A pickup truck left the road and rolled over on Highway 20 on the weekend

Most Read