Glossary of Terms

Economic Jurisdiction

The area of the design effort.

Population

The total number of people in the Economic Jurisdiction.

Workforce

The number of people in the Population that are willing and able to work.

Employment

The number of people in the Workforce that have a job.

Unemployment

The number of people in the Workforce that do not have a job.

Full Employment

Highest rate of Employment possible

Job

Paid work that is subject to taxation.

Economic Base Job

A job that is paid or pay is derived from a revenue source outside Economic Jurisdiction.

Design Horizon

The number of years in the future that in the is being designed.

Index Year

The first year of the Design Horizon.

Index Year Population

The total Poplulation of the Index Year.

Index Year Workforce Participation Rate

The percentage of people in the Workforce as a a part of the Index Year Population.

Index Year Unemployment Rate

The percentage of people in the Workforce that are Unemployed as a a part of the Index Year Workforce.

Index Year Economic Base Jobs Rate

The percentage of the Employed Index Year Workforce that holds an Economic Base Job.

End Year Population

The total Population of the Economic Jurisdiction at the end year of the Design Horizon.

End Year Workforce Participation Rate

The percentage of End Year Population that are in the Workforce in the Economic Jurisdiction.

End Year Unemployment Rate

The percentage of people in the Workforce that are Unemployed as a in the Economic Jurisdiction at the end of the Design Horizon.

End Year Economic Base Jobs Rate

The percentage of the Employed End Year Workforce that holds an Economic Base Job.

Economic Architecture

A systematic approach for local economies to measure the effectiveness of allocated resources to desired outcomes.

Job Creation Theater

A segment of the economy that has commonalities in approach to the creation of E-base jobs.

Programmatic Job Creation

E-base job creation activities that are organized and funded to support the necessary marketing and sales resources to achieve the desired job creation goals.