ord sunshine pumpers

life in rural nebraska

2009 Valley County economic trend report released

with 3 comments

Nebraska Public Power District has released our 2009 economic trends report in preparation for tomorrow’s joint strategic planning session with the Valley County Economic Development & Ord Area Chamber boards.  If you’re a stats guy like me, you’ll find the report fascinating.  Some interesting tidbits to note:

  • From 2001-2008, non-farm employment grew 15.6% in Valley County, 10.3% greater than the Nebraska average.
  • The total Valley County workforce increased by 9.0% in the same time frame.
  • Total population decreased by 10% in the same time frame.
  • Ord’s retail pull factor continued to be one of the strongest in the state for communities of like size.
  • Valley County’s per capita income grew by $2,000 from 2006-2007.

You can read the entire report here.  I’ll chew on the data to see what more I can conclude from it.  What I do find rather enlightening in the data is that while population decline continues to impact our community, it may be a misleading economic trend when you see corresponding growth in jobs, retail pull and overall wages.  I’m not saying it doesn’t matter, but it could be overstated.  When new figures on the 2009 recession are released, it will be interesting to track the impact on the area economy.  I don’t expect as rosy a report in a year’s time.  You can also compare this year’s trends with those from the past year here.

One final item:  KNLVradio.com reports some promising news from the UNL Bureau of Business Research.  The Nebraska Forecst Council predicts strong growth in the rural economy for 2010 and 2011.  You can download the full report here.  Another economic forecasting organization, The Federal Reserve Bank of Kansas City, seems to agree.

Let’s hope it happens.

2009 Economic Trends:  https://ordsunshinepumpers.wordpress.com/2009/01/26/new-economic-trends-for-valley-county/

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Written by Caleb

January 19, 2010 at 8:42 pm

3 Responses

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  1. […] Ord and Valley County are fiscally viable AND economically thriving.  Our economic growth rate outpaced the statewide average by over ten percent in the past ten years […]

  2. […] Ord sales tax use for economic development below.  This fund is one of the major reasons for such strong economic growth in Valley County.  Add this good news to another BIG heap of good news from the Omaha World […]

  3. […] Ord sales tax use for economic development below. This fund is one of the major reasons for such strong economic growth in Valley County. Add this good news to another BIG heap of good news from the Omaha World Herald: […]


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