Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.

The GDP of Saline Co. grows; Salina sees the population increase

CORRECTION: The Salina Area Chamber of Commerce has corrected the Salina Population Increase number. That fix is ​​reflected below.

. . .

Chamber of Commerce of Salina

The Salina Area Chamber of Commerce announced that the Saline County economy grew 12.4 percent from 2020 to 2021 to a record high of more than $3 billion total. This change is equivalent to an addition of $341 million to gross domestic product (GDP); a number that surpasses the highest growth of the recent record in 2017, when GDP increased by 7.3% or $116 million.

“We cannot stress enough what a huge win this is for our growth and overall economic health,” said Renee Duxler, president and interim CEO of the Salina Area Chamber. “It really speaks to the public and private partnerships and investments Salina and Saline County have made in recent years and the dedication of community and business leaders working towards a shared vision for progress.”

Graphs courtesy of the Chamber of Commerce of Salina

While other Kansas counties have seen growth, relatively Saline County has seen the highest percentage change in growth. Shawnee County (Topeka) GDP increased 10.2%, Sedgwick County (Wichita) 9.1%, Riley County (Manhattan) 8.7%, and Reno County (Hutchinson ) by 8.6%.

Saline County’s economy contracted in 2020 by 1.1% during the height of the business shutdowns, after posting incremental gains in 2018 and 2019 of 3.3% and 2.1%, respectively. The drastic growth appears to be indicative of high demand for goods and services, including housing and retail trade. Manufacturing, real estate, health care, and retail trade make up over 55% of the county’s GDP.

But while incremental growth was seen across all of these major industries, it was the arts, entertainment and recreation industry that saw the most striking increase, jumping 72.5% – from $8 million to $13.8 million – between 2020 and 2021. This industry’s annual impact on GDP before was $9.9 million total in 2014 and has never increased more than $500,000 year-over-year.

“This is exciting news, particularly as it demonstrates how our arts, entertainment and recreation sector is recovering from the pandemic,” said Sylvia Rice, director of Visit Salina. “Together with significant investments to improve recreational facilities and revitalize downtown, Salina/Saline County is promoted as a destination and attracts visitors who bring new dollars to the area. All of this is generating very healthy economic growth.”

Other positive news for Salina includes the first net population growth since 2012. Despite a nominal increase of 207 people from 2020 to 2021, it marks the first time Salina has lost no population in nearly a decade.

“Hopefully this is marking a change in the tide,” said Duxler, “I think we all feel proud of the energy, collaboration and diligent work that has gone into Salina over the past few years. It’s great to have some hard data that tells us we’re moving in the right direction.”

. . .

Gross Domestic Product (GDP) data provided is from the Bureau of Economic Analysis and compiled by Chmura Economics & Analytics. Population data is from the Kansas Division of the Budget, Certified Population Data.

Content Source

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button