Douglas County tapped by CBRE as Market ‘Positioned to Thrive’
Omaha, Neb, Feb. 12, 2021 – The Greater Omaha Chamber today announced Monthly Economic Indicators (MEI) for December 2020, with the leisure and hospitality industries posting the largest employment gains. Employment in this combined category was up 33.4 percent over the region’s benchmark month of April 2020 (the first full month of business restrictions and temporary closings due to the global health pandemic).
In addition to employment gains, private hourly wages and single-family construction permits were up over December 2019. In December 2019, average private hourly wages in Greater Omaha were $28.53, compared to $29.42 in December 2020.
Likewise, Single-family construction has increased more than 35 percent, when compared to December 2019.
Douglas County also saw similar economic momentum, with Dallas-based CRBE (NYSE: CBRE) naming the region one of 11 “markets positioned to thrive in the next decade.” CBRE noted Douglas County boasted a host of factors indicative of the United States’ most resilient markets, including affordability, urban migration, housing costs and university pipeline.
As an adjunct to CBRE’s findings, the Motely Fool’s “The Ascent” named Omaha the No. 6 Midwest city for “high salaries and low cost of living.”
About the Greater Omaha Chamber Economic Development Partnership
The Greater Omaha Chamber Economic Development Partnership (https://www.omahachamber.org/economic-development/) represents a seven-county area from two states (Nebraska and Iowa) that includes Cass, Dodge, Douglas, Otoe, Pottawattamie, Sarpy and Washington Counties.
About Greater Omaha
Greater Omaha is a No. 1 ranked up-and-coming-tech hotspot, a “top 10 best place to live on a $60,000 salary” and was named America’s No. 2 Best Small City by Resonance Consultancy. Greater Omaha is home to more than 30 communities and nearly 1 million people.
About the Greater Omaha Chamber
The mission of the Greater Omaha Chamber is to champion a thriving business community and a prosperous region through visionary leadership and collaboration.