E'town Area Continues Personal Income Growth

November 28, 2012

According to a report released by the U.S. Department of Commerce’s Bureau of Economic Analysis, the Elizabethtown MSA saw a 9.3 percent growth in total personal income, increasing from around $4.3 billion in 2010 to $4.7 billion in 2011. Income growth locally in 2011 eclipsed the national personal income growth rate of 5.2 percent.

Per capita personal income growth for the MSA also finished fifth at 8.8 percent, jumping from $35,484 to $38,597, according to the report, which analyzed a three-year period from 2009 to 2011.

Rick Games, president of the Elizabethtown-Hardin County Industrial Foundation, said the rankings are impressive and noticed by consultants as businesses look to locate in communities. The level of activity and buzz around Elizabethtown cannot be discounted, he said.

“It takes activity to get activity,” he said. “The main thing is, people are working and earning a good wage, and that’s what is important to the community.”

Read the full story by Marty Finley in The News-Enterprise

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