PLACEMENT: New Business
TITLE:
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CRA METRICS PROJECT
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EXECUTIVE SUMMARY:executive summary
The CRA has contracted BusinessFlare®, a 30-year economic development practice, to advance the next phase of CRA performance tracking and intelligence in Martin County. Kevin Crowder, Founder of BusinessFlare® will discuss the tools and methodologies that will deliver these measurable outcomes for all six CRA areas.
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BACKGROUND/RELATED STRATEGIC GOAL:
This project will utilize the BusinessFlare® Street Economics™ platform and the BusinessFlare® methodology that merges data, storytelling, and measurable outcomes. This approach delivers not only the technical metrics necessary, but also the narrative and visual tools that make those metrics meaningful to elected officials, stakeholders, investors and residents.
All six CRA districts will be benchmarked, analyzed, and visualized in a unified performance framework, with data sourced from Lightcast, CoStar, and Placer.ai, integrated and interpreted through the Street Economics AI platform. Deliverables will include:
Real estate and market analytics (cap rates, rents, vacancies, value trajectories).
Consumer and mobility insights (foot traffic volumes, loyalty, dwell time, travel origins).
Fiscal and infrastructure metrics (TIF inflows, permits, infrastructure projects).
Visual storytelling assets (maps, heat layers, dashboards, comparative charts).
Case-specific redevelopment profiles (Mapp Road, Bridge Road, others)
LEGAL SUFFICIENCY REVIEW:
This item has been reviewed for legal sufficiency to determine whether it is consistent with applicable
law, and legal staff have identified and addressed legal risks and developed strategies for legal defensibility, as applicable.
RECOMMENDED ACTION:
Hear the presentation, provide input as necessary
FISCAL IMPACT:
N/A
DOCUMENT(S) REQUIRING ACTION:
N/A