By the Association of Washington Business Institute
Businesses are still working through the pandemic — but local economies in Washington are posting strong recoveries.
That includes the Tri-Cities economy. The proof is in the numbers.
At the Association of Washington Business Institute, we’ve created a set of economic indicators called the Recovery Vitals. It’s an easy-to-access set of stats that shows whether counties, MSAs and the state are making progress — and how your local economy stacks up against others. And it’s regularly updated by our partners at the Eastern Washington University Institute for Public Policy & Economic Analysis.
In the Kennewick-Pasco-Richland-West Richland area, you’re making progress. Among other strengths, the Recovery Vitals show improvement in the Tri-Cities’:
Different indicators in the Recovery Vitals are updated monthly, quarterly or at longer intervals, depending on how the data is collected. More recent data can help businesses and communities adjust immediate plans and focus resources where they’re most needed. Longer-term data, such as median household income and per-capita personal income, is helpful for understanding big-picture progress and challenges.
We encourage you to explore the Recovery Vitals. They’re part of a free, interactive resource that brings together more than 30 key economic indicators for every county or MSA in Washington. You also can compare one area’s stats with another’s or against the state average.
The tool is part of Washington in the Making, a framework for the state’s economic recovery that envisions lasting prosperity for every community in Washington. In the Tri-Cities, we’re glad to see a business community that’s building back strong.