2026-2030 Economic Development Strategic Plan

Evaluation Framework

To ensure accountability, transparency, and continuous improvement, the Evaluation Framework provides a structured approach for assessing the effectiveness of programs and initiatives aligned with the Economic Development Strategic Plan (EDSP). This framework emphasizes the use of targeted Key Performance Indicators (KPIs) to measure direct outcomes, enabling Riverside County and its partners to track progress, refine strategies, and demonstrate impact across priority industry clusters. Broader economic trends can be addressed in separate Countywide reports, such as the Riverside County Regional Intelligence Report (December 2024).

Performance Measurement Guidelines

All performance data must be organized by relevant industry or cluster, where applicable, to support targeted analysis and strategy refinement. Categorize by Industry/ Cluster Performance metrics related to job creation and retention will be segmented by quality jobs, promising jobs and other jobs (as defined in the Thrive Inland SoCal California Jobs First Regional Plan). Recognition of Quality/ Promising Jobs

RivCoED will monitor the outcomes of its internal programs and those of partner organizations (e.g., cities) when those efforts align with EDSP initiatives. Track Program Impact

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Focus on Direct Outcomes

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KPIs will measure the specific impacts of EDSP-related programs and services, rather than the overall performance of the Riverside County economy.

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