Local Ownership assesses the percentage of jobs at the county level that are from locally owned private businesses or locally controlled institutions (public or nonprofit) with fewer than 500 employees. This indicator is significant because economies more grounded in local ownership have higher job growth rates and are more resilient to economic crises.
How is it scored?
This indicator was scaled from 0 to 100 using the equation, y = 200x - 100, with counties where less than 50% of jobs were local scoring a 0. Population-weighted county scores were summed to calculate the watershed score. Watershed scores were weighted by their population size to calculate an overall score for southeast Michigan.
Data source: Data at the county level from 2020 were from YourEconomy (https://youreconomy.org/).