Mayor Chris Beutler today said business indicators for the Capital City show an economy that is surging, with one of the lowest unemployment rates in the nation and employment growth outpacing the national rate. He credited public-private partnerships for helping the City recover from the great recession.
"As the result of partnerships, hard work and a common vision, our community is now experiencing rapid growth," Beutler said. "We see expansion projects in all quadrants of the City. Our unemployment rate is down to 2.8 percent, and the number of people employed hit an all-time record. Sales tax and property tax revenues are increasing, building permits have rebounded, and plans are being developed for several business expansions and additional development opportunities. I can't help but feel that we are in the beginning of what might be referred to as a 'golden age,' that is a defining uplifting period in the history of our community."
Beutler discussed the positive economic indicators at a news conference at Hudl, a local company that creates video editing software for sports teams. For the second year in a row, it was ranked as the fastest- growing private company in the State. The Mayor said the City and its partners have worked hard to create a climate conducive to entrepreneurial growth and development.
Dr. Eric Thompson, Director of the Bureau of Business Research at UNL gives a presentation on a quarterly basis to the Lincoln Partnership for Economic Development (LPED), and he shared some of the key business indicators for the third quarter:
Mayor Beutler thanked the Lincoln Chamber of Commerce and LPED for working with the City to recover from the recession, which he said had a dramatic impact "We had to make tough budget decisions in order to maintain the core services that are essential to our residents," he said. "At the same time, we had to find ways to promote economic development -- a top priority for our community. By forming partnerships, we found ways to fund projects to improve our business climate and quality of life and to create opportunities that ultimately lead to a brighter future."