Resource Fluidity

Definition

Ecosystem resource fluidity is a measure of how effectively the entrepreneurial ecosystem is in using existing resources to create new opportunity.

This indicator includes:

• The rate at which the county adds net new business establishments to its economy, as this captures the expansion of economic activity in the region.
• The incidence of high-growth firms to reflect the potential for new economic activity to be transformative for the ecosystem.
• The number of successful second stage rounds funded to companies headquartered in the county to capture the ecosystem assets that enable the high growth activities.

Significance

A measure of the effectiveness in using existing community resources to foster entrepreneurial activity.

Trends

Rank 10th
(out of 58 counties)