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Measurables

Jobs Created
Jobs created are either the result of new jobs added to the community through the attraction of a company to the city or additional jobs created through the growth of existing businesses. Kingston Economic Development measures jobs creation by tracking successful opportunities in which Kingston Economic Development played a direct role.

Investment                                                                                                                                              Investment dollars are tracked using a similar methodology as jobs facilitated. Kingston Economic Development must have been a part of the process that resulted in new dollars being invested in the city. New jobs secured for the city are calculated based on an average one-year salary of $40,000. This salary is only captured in the first year of hire and is based on the median salary of Kingston employees.

Opportunities Created
An opportunity is defined as a qualified lead which has a real potential to create new job(s) or new direct monetary investment for the city. Opportunities may be in the sales pipeline for an undetermined amount of time, due to the nature and complexities of the specific deal. Opportunities results are identified as Closed-Won (Kingston realized new job(s) or investment), Closed-Lost (the opportunity is lost to another community), or Withdrawn (Lead no longer has interest in proceeding with opportunity).

Company Visits
A company visit is when a  staff person undertakes an on-site meeting with a local organization to discuss business challenges and opportunities, areas where support could be delivered or any issues of concern. Often, new opportunities arise from company visits.

 

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