Sheboygan County ranking surges upward in best small city economic gains
Sheboygan County, WI –
The Milken Institute, a nonprofit, nonpartisan think tank, just released Best-Performing Cities 2014 and Sheboygan County surged past one third of all small metro areas in the US, up from 2013’s 172nd out of a total of 179 small city metro areas in America. Additionally, the Sheboygan metro ranked in the top third out of 179 for job growth, top half for short term wage growth, and top fifth in both short term job growth as well as high-tech GDP (gross domestic product) growth since the beginning of the Great Recession. The data is available at www.milkeninstiture.org and www.best-cities.org. The Sheboygan MSA encompasses the entire county for statistical purposes.
“The report provides a fact-based, comprehensive metric system across metropolitan areas that highlights the job, wage, and technology trends that shape current and future prospects”, according to the Milken Institute. The goal is to help businesses, investors, industry associations, development agencies and government officials, academics, and public-policy groups monitor and evaluate the performance of metros where they work and do business relative to the rest of the country.”
Sheboygan County’s economic leap was eclipsed by only one other small city MSA in America, Battle Creek, MI. “Looking to the future there is much to be enthusiastic about,” remarked Sheboygan County Economic Development Corporation (SCEDC) Board President Dave Aldag. “We saw significant acceleration in hiring during the second half of last year which is great for both our local employers and retailers.”
“The Sheboygan County economy is exhibiting well-rounded growth with improving wage structures,” noted Dane Checolinski, Director of the SCEDC. “It is critically important to note the manifestation of high-tech GDP growth which has an impact on workforce capability needs and demands. Many of our employers are responding to their productivity demands with wage increases and direct hiring.”
Sheboygan County’s high-tech GDP growth is one of the catalysts fueling the gains. Examples of high-tech fields are telecommunications, architectural/engineering services, scientific R&D services, and computer systems design. All are growing fields in Sheboygan County as these services respond to the needs of our diverse group of manufacturers and other major employers. This helps to explain the nearly 600 available jobs in Sheboygan County that require a bachelor’s degree.
Checolinski added, “For those professionals seeking a safe, family-orientated community to raise their children, Sheboygan County should be at the top of their list.”
Other neighboring small metro rankings were:
Appleton-74 (33 in 2013)
Fond du Lac-25 (65 in 2013)
Oshkosh-94 (64 in 2013)
Other neighboring large metro rankings were:
Green Bay-130 (90 in 2013)
Milwaukee-137 (140 in 2013)
The Sheboygan County Economic Development Corporation (SCEDC) is a countywide private/public partnership, leading economic development efforts to improve the economic wellbeing and long-term prosperity of the businesses, residents and communities of Sheboygan County, through collaborative retention, expansion and attraction efforts for business and employment development. The SCEDC leverages a variety of tools available to encourage business growth and job creation. Key performance indicators tapped by SCEDC track and measure businesses assisted and resources leveraged. By applying many tools to assist businesses and communities and help them succeed, SCEDC achieves increased economic prosperity for Sheboygan County.