Commercial and Residential Construction Both Up Year Over Year
Omaha, Neb, August 17, 2021 – The Greater Omaha Chamber released Monthly Economic Indicators (MEI) for June 2021, which shows all data points are pointing towards economic growth and acceleration. While favorable comparisons to 2020 aren’t unexpected, many of the numbers show a rapid recovery from the immediate impacts of the pandemic.
“You see the three month averages continuing to rise, and it tells a story of economic recovery and increasing prosperity,” said Todd Johnson, senior vice president, economic development, Greater Omaha Chamber. “When you pair these numbers with the recent census information you paint a picture of a growing metro, an accelerating economy and a business community poised to build on success.”
Three-month averages were up across the board, with unemployment going down, private wages increasing and commercial construction continuing on a rapid rise. This data coincides with a recent report from Collier’s which shows the Omaha economy and commercial real estate sector making solid advances in the first half of 2021.
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.