BRADENTON — The Tampa Bay region’s economy has worsened since last year, according to a business group’s assessment of six major metro areas.
The eight-county region that makes up Tampa Bay, including Manatee and Sarasota counties, ranked last among the areas studied, the Tampa Bay Partnership reported today in its Summer 2010 Regional Economic Scorecard.
The Tampa Bay region’s economy dropped from a No. 3 ranking in fall 2009, when the last scorecard was released.
Tampa Bay fell to the bottom of the list among Atlanta, Charlotte, Dallas, Jacksonville and Raleigh-Durham due to declining conditions in employment and workforce, income and productivity, and transportation, which are three of the six economic drivers the Tampa Bay partnership uses to evaluate regional economies.
“It’s about jobs and housing affordability related to wages,” said Mike Vail, chairman of the scorecard initiative for the Tampa Bay Partnership. “The scorecard clearly shows we need to strategically address creation of good, higher wage jobs to make a measurable and competitive difference in our economy.”