Fourth Economy Index


View the current FEC Index [ Released March 2015 ]

View previous FEC Index releases

Competition among communities for new talent and responsible investment is fierce. The Fourth Economy team has worked on various community and economic development projects across the country. We have witnessed firsthand the ways that communities and organizations are responding to their new economic reality. We continue to learn a lot about how and why competitive communities attract sustainable investment in the “fourth economy.”

We are building upon these experiences to launch the Fourth Economy Community Index (#FECIndex). This is not another stale “best places” ranking. Rather, this index will serve as a high level dashboard for community stakeholders to gauge their capacity to attract and retain sustainable investment.

The Fourth Economy Community Index will examine both statistical and qualitative factors at the County level within five areas: 1) Investment, 2) Talent, 3) Sustainability, 4) Place, and 5) Diversity. Our experience suggests that these five areas serve as a foundation for future economic success.


How Does the FEC Index Work?

Our team has divided all of the U.S. counties into four classification categories based on population: Mega-, Large-, Mid-, and Small-size categories.

Key data are collected to include wage and employment growth, education levels, drive times, home values, minority business ownership, agricultural capacity and population density. The measures are weighted based on the level of influence they have on both internal and external investment decisions.

FEC Index Current Map

View FEC Index Counties in a larger map

FEC Index in the News

Our #1 Best-Selling Drone--Meet the Dark Night of the Sky!

Among mid-sized counties nationwide, Brazos County ranked seventh with a Fourth Economy Community (FEC) index score of 1.9 and an "innovation capacity" of A+. Lubbock County ranked ninth with a 1.8 index score and B- in innovation capacity.

Others are noticing the area’s readiness, too. In March, Stearns County (for which St. Cloud is the county seat) was named among the top 10 large-sized communities in the U.S. “poised to achieve sustainable economic growth while attracting people and investment,” according to Pittsburgh-based Fourth Economy Consulting.

A Pittsburgh-based consulting firm released on April 15 an index of Pennsylvania county competitiveness rankings that attempts to determine which counties are poised for future economic growth.

The latest release of the Fourth Economy Community Index (FEC Index, #FECIndex) has released the nation’s top ten mega-sized Fourth Economy Communities.

A national economic development consulting firm ranks Clackamas County fourth in the nation for being "ideally positioned to achieve sustainable economic growth" while attracting modern investment and people. Fourth Economy Consulting proclaims that "Clackamas County boasts a quality of life that many counties of its size envy."

Washington County has been ranked among the nation’s “mega-counties” with populations in excess of 500,000 residents for its economic diversity and growth opportunity from future investment and economic development.

Utah County was recently selected as one of the top counties in the nation positioned to attract modern investment and manage economic growth. In the recent Fourth Economy Community Index ranking for communities with a population of 500,000 or more, Utah County ranked third.

The Pittsburgh-based Fourth Economy Consulting this week released its list of 10 “large-sized communities” poised for economic growth across the country, and Maine’s Cumberland County ranked sixth. The so-called Fourth Economy Communities were rated based on a variety of factors often seen as precursors to — or drivers of — economic growth, such as wage figures, employment numbers, education levels, entrepreneurship, minority business ownership, property values, population densities and a number of other things.

An economic consulting firm has highlighted Stearns County as a community ideally positioned to attract modern investment and managed economic growth. On Tuesday, Pittsburgh-based Fourth Economy Consulting ranked Stearns County as the tenth large-sized community in the nation poised to achieve sustainable growth while attracting people and business. Stearns County was compared to communities of similarly sized population.

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