Second Quarter 2013

The 3rd quarter 2013 (July, August, and September) dashboard compares that quarter to the previous 2nd quarter 2013 (April, May, and June) and the same quarter in the previous year, 3rd quarter 2012.

To download the 3rd quarter 2013 interactive dashboard, follow the link below:

Second Quarter 2013

The 2nd quarter 2013 (April, May, and June) dashboard compares that quarter to the previous 1st quarter 2013 (January, February, and March) and the same quarter in the previous year, 2nd quarter 2012.

To download the 2nd quarter 2013 interactive dashboard, follow the link below:

First Quarter 2013

The 1st quarter 2013 (January, February, and March) dashboard compares that quarter to the previous 4th quarter 2012 (October, November, and December) and the same quarter in the previous year, 1st quarter 2012.

To download the 1st quarter 2013 interactive dashboard, follow the link below:

For Immediate Release

Quarterly Report on the Economic Condition of Texoma

SHERMAN, March 22, 2013 – Workforce Solutions Texoma, Texoma Council of Governments, and Denison Development Alliance announce the release of the Texoma Regional Economic Dashboard report. This report covers the Fourth Quarter of 2012. The Economic Dashboard provides a quick, informed, and consistent economic picture of the area.

The Texoma Regional Economic Dashboard aligns multiple economic indicators from four board categories: Employment, Public Assistance, Spending, and Miscellaneous Indicators. The result is a more accurate picture of the overall health of the Regional economy. The Texoma Region includes Cooke, Fannin, and Grayson Counties.

The Texoma Regional Economic Dashboard is designed to inform public officials, businesses, and job seekers about the economic condition of the Texoma Region defined as Cooke, Fannin, and Grayson Counties. Because no single indicator should be considered a barometer for a regional economy, the dashboard project aligns multiple economic indicators to create a more accurate picture of the overall health of the Regional economy. The indicators come from four board categories: Employment Related Indicators, Public Assistance Indicators, Spending Related Indicators, and Miscellaneous Indicators.

For a more in-depth look at the data and analysis, a copy of the report and the interactive dashboard can be found at www.texomaedd.org.

The Texoma Regional Economic Dashboard will be released in two formats, a quarterly report that contains analysis of indicators available on a quarterly basis at minimum, and an annual report that will contain analysis of the quarterly indicators and additional indicators available on an annual basis at minimum.

The next installment scheduled to be released in June 2013, which will include the 1st Qtr. 2013. An Annual Report for 2012 is being prepared, and will be released soon.

For additional information, contact:

Annual Dashboard 2012

The first Annual dashboard includes comparison by year and some additional data points. For the purpose of this dashboard, Texoma region indicators for the year 2012 are compared with the years 2011, the previous year and 2009, because it is widely accepted as the end of the recession.

To download the interact 2012 Annual Dashboard, follow the link below:

2012 Annual Dashboard

Texoma Council of Governments Receives Two National Association of Development Organizations 2012 Innovation Awards

WASHINGTON, DC – The Texoma Council of Governments, based in Sherman, Texas, received two 2012 Innovation Awards from the National Association of Development Organizations (NADO) Research Foundation for the Texoma Regional Economic Dashboard and the TCOG Economic Impact Statement FYE2011.

“For more than 25 years, NADO’s Innovation Award has provided regional development organizations throughout the nation a unique opportunity to showcase their important work and their critical role in promoting economic development for rural and small metropolitan communities. The creativity and significant, long-term impact of regional programs and projects like the Texoma Regional Economic Dashboard and the TCOG Economic Impact Statement FYE2011 are the key to advancing the economic growth and sustainability of our nation’s regions and communities,” said NADO President Russell Cowley, executive director of the Six County Association of Governments in Richfield, UT.

NADO is a Washington, DC-based association that promotes programs and policies that strengthen local governments, communities and economies through regional cooperation, program delivery, and comprehensive strategies. The association’s Innovation Awards program recognizes regional development organizations and partnering organizations for improving the economic and community competitiveness of our nation’s regions and local communities.

The Texoma Regional Economic Dashboard is intended to inform businesses, job seekers, public officials, workforce development and economic development professionals about the economic condition of the Texoma region defined as Cooke, Fannin and Grayson Counties. The dashboard examines several data points from 2005 to the current time period to create an accurate picture of the overall health of the regional economy. The indicators are categorized as Employment-Related Indicators, Public Assistance Indicators, Spending-Related Indicators, and Miscellaneous Indicators.

The Texoma Regional Economic Dashboard is released in two formats: a quarterly report that contains analysis of indicators available on a quarterly basis at minimum, and an annual report that contains analysis of the quarterly indicators and additional indicators available on an annual basis at minimum.

A copy of the current report and an interactive dashboard can be found at www.texomaedd.org

The TCOG Economic Impact Statement presents the impact of all Texoma Council of Governments (TCOG) programs, projects and activities on the regional economy during TCOG fiscal year 2011 (May 1, 2010 – April 30, 2011). The analysis presents the economic impact of the organization, its programs, its employees, workers in spin-off jobs, as well as an estimate of annual revenues for local taxing districts that are supported by TCOG expenditures. The basic assumption behind an economic impact analysis for an organization is that for every dollar spent on payroll or non-payroll expenses, it turns over several times in a local economy, thus supporting other businesses and jobs in the region. TCOG’s total economic impact on the Texoma economy during fiscal year 2011 was more than $34 million.

The report was completed by Impact DataSource (Austin, TX) who calculated TCOG’s economic impact on the three-county region by looking at direct, indirect, and induced forms of impact, including workers’ salaries, volunteer hours, expenditures to local vendors, and supported tax base and tax revenues.

Once the model and report were developed, TCOG staff designed an information graphic (commonly referred to as an “infographic”) that took the results of the economic impact report and added graphics to make data easier to comprehend.

Award winners will be showcased during NADO’s 2012 Annual Training Conference, to be held October 13-16 in Las Vegas, Nevada. For more information about these projects, contact the Texoma Council of Governments at 903-903-3514.

Founded in 1967, the National Association of Development Organizations (NADO) provides advocacy, education, networking, and research for the national network of 540 regional development organizations. NADO members provide professional, programmatic and technical assistance to over 2,300 counties and 15,000 municipalities.

The Texoma Council of Governments is a voluntary association of the local governments in Cooke, Fannin, and Grayson Counties. Established in 1968, the Texoma Council of Governments promotes its economy and efficiency in the coordinated planning and development of the tri-county region through its community and economic development activities. Either directly, or through contractors, the Council provides housing, utility assistance, and weatherization services for low-income citizens in the region and assists the elderly through a variety of Area Agency on Aging programs. The Council also facilitates the delivery of grant funding for homeland security and criminal justice.

For Immediate Release

Inaugural Quarterly Report on the Economic Condition of Texoma

SHERMAN, March 22, 2012 – Workforce Solutions Texoma, Texoma Council of Governments, and Denison Development Alliance announced the release of the inaugural Texoma Regional Economic Dashboard that provides a quick, informed, and consistent economic picture of the area. This inaugural release includes an analysis of the 2011 year and the latest quarter October – December 2011.

“We have looked at over forty data points and gathered all of the historical data available in search of information that is timely and reliable for understanding the current nature of our local economies,” said Katy Cummins of Texoma Council of Governments.

“We have pared down to only the most relevant information. After analyzing the historical data, it appears that our most recent quarter, October 2011- December 2011, was better than the same time in 2010,” said Bob Rhoden of Workforce Solutions Texoma.

The Texoma Regional Economic Dashboard is designed to inform public officials, businesses, and job seekers about the economic condition of the Texoma Region defined as Cooke, Fannin, and Grayson Counties. Because no single indicator should be considered a barometer for a regional economy, the dashboard project aligns multiple economic indicators to create a more accurate picture of the overall health of the Regional economy. The indicators come from four board categories: Employment Related Indicators, Public Assistance Indicators, Spending Related Indicators, and Miscellaneous Indicators.

For a more in-depth look at the data and analysis, a copy of the report and the interactive dashboard can be found at www.texomaedd.org.

The Texoma Regional Economic Dashboard will be released in two formats, a quarterly report that will contain analysis of indicators available on a quarterly basis at minimum, and an annual report that will contain analysis of the quarterly indicators and additional indicators available on an annual basis at minimum.

“As new data about the national and state economies is released, we hope that this report will provide a better understanding of what is happening in the Texoma economy,” said Scott Smathers of the Denison Development Alliance.

For additional information, contact: