Even through the economic downturns seen in 2007, 2008 and later, salary levels in the manufacturing sector increased by $15,000 to $46,000 whereas average County income levels progressed slower with increases of $9,000 to $34,000.
This study reveals, through concerted efforts from the CCDC and local business leadership, job sustainability, specifically in manufacturing, helped support the community through our recent recession and shows to be a staple for a stronger economic future.
Bill Trickey, CEO of Clarke County Development Corporation, said, "We knew Clarke County and Osceola had great potential for building a sustainable manufacturing base in southern Iowa. With the unique assets our county provides, from transportation to land and infrastructure access, businesses can be secure in offering compensation that is competitive with much larger areas."
Research has shown, compensation levels for Clarke County compared to other similarly sized communities are as much as 8 percent to 10 percent higher. When averaging manufacturing jobs within the county, county-wide payroll levels for those jobs, as well as the average earnings within that county, Clarke surpasses surrounding county rates at $22.32 per hour per job whereas Jasper, Union, and Madison counties fall short at $20 or less.
"While other communities need to rely heavily on ag, retail, and other sectors for their income base, Clarke County is able to take advantage of our unique location and resources to help manufacturing really grow here," Trickey Said.
Based on these reports, if future compensation rates stay consistent with the last decade, manufacturing employment and earning potentials will continue to surge in Clarke County. As the National economy continues to recover, the steady growth and compensation potential for Clarke County and Osceola are positioned to lead the state across all economic recovery and growth charts.
Since 1969, the Clarke County Development Corporation (CCDC) has worked with local government and businesses, recruiting and establishing new industry and business for the area to augment employment and growth opportunities for the residents of Clarke County and Osceola, Iowa.
More information: http://ClarkeCountyIowa.com/.
For more information, contact:
Bill Trickey, CEO, at 641-342-2944, or email: info@clarkecountyiowa.com.
Clarke County Development Corporation, 115 East Washington, Osceola, IA 50213.
* View report graph: http://i2.wp.com/clarkecountylife.com/wp-content/uploads/2015/08/manufacturing-compensation-income-rates-clarke-county-iowa.jpg
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NEWS SOURCE Clarke County Development Corporation :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.