had a budget of pounds 1.9 million last year, with the bulk of its income coming from Advantage West Midlands alongside contributions from the European Regional Development Fund.
It also highlights WMRO research on the impact of public sector spending cuts on employment in the region.
The West Midlands' level of highgrowth firms is closer to five per cent, but WMRO forecasts show that if the region's economy was brought up to the national level of high-value businesses in areas like ICT, digital media, business and financial services and high-technology manufacturing, it could lead to more than 200,000 additional jobs.
WMRO, which has just brought out its state of the region report, had a budget of pounds 1.9 million last year, with the bulk of its income coming from AWM as well as contributions from the European Regional Development Fund.
WMRO acting chief executive Stephen Howarth said: "For policy to be effective and improve places in the West Midlands and the lives of people in the West Midlands, we need to have a proper understanding of what's going on so the policy can reflect the true situation.
Andy Phillips, WMRO head of skills research, said: "They have got a better mix of industry than other parts of the region, in particular industries that are expected to grow more strongly over the next few years.
WMRO said 15 per cent of job vacancies in the region were unfilled due to skill shortages in 2009.
That means working closely with the WMRO, which helps to ensure that important decisions in the region are based on real data and evidence.
For example, much of the West Midlands Economic Strategy was put together using material provided by the WMRO.