New research provides insight into the Wichita metropolitan area economy and dynamism. The Walton Family Foundation has released a study titled "The Most Dynamic Metropolitans," saying it is new research ranking the economic performance of metropolitan areas in the Heartland and across the country. [1. Walton Family Foundation. New Metropolitan Rankings Show Knowledge-Based Industries and Entrepreneurship Drive Success. June 10, 2019. Press release with links to documents available at https://www.waltonfamilyfoundation.org/about-us/newsroom/new-metropolitan-rankings-show-knowledge-based-industries-and-entrepreneurship-drive-success.] Of the study, the authors write "Our Most Dynamic Metropolitan Index, and the analysis contained in this report provides objective insight into the communities providing economic opportunity for their residents,…
We should be wary of government planning in general. But when those who have been managing and planning the foundering Wichita-area economy want to step up their management of resources, we risk compounding our problems. As announced by the City of Wichita, "In response to recent recommendations from Project Wichita and the Century II Citizens Advisory Committee, community organizations and their leadership are stepping forward to take the next step to create a comprehensive master plan and vision that connects projects and both banks of the Arkansas River." The city says these organizations will be involved: Downtown Wichita Greater Wichita…
The City of Wichita says it values open and transparent government. But the city's record in providing information and records to citizens is poor, and there hasn't been much improvement. The City of Wichita is proud to be an open and transparent governmental agency, its officials say. Former Mayor Carl Brewer often spoke in favor of government transparency. [1. For example, in his State of the City address for 2011, Brewer listed as an important goal for the city this: "And we must provide transparency in all that we do." See https://drive.google.com/open?id=1xgx96BEXALDEgLBRcQdz2Kg0_W5x3e2J.] When the city received an award for transparency…
Census data show Sedgwick County continuing to fall behind the nation in two key measures. Data released today from the United States Census Bureau through the Small Area Income and Poverty Estimates (SAIPE) Program shows Sedgwick County median household income continues to fall farther behind the nation. In 1989, median household income in Sedgwick County was greater than that for Kansas and the nation. In 2017, however, Sedgwick County has fallen behind both. In 1989, the all-age poverty rate in Sedgwick County was less than the national rate, but now it is higher. As can be seen in the nearby…
When the Wichita Regional Chamber of Commerce Political Action Committee endorses a candidate, consider what that means. If you've been following analyst James Chung -- and it seems like everyone has -- he's delivered a sobering message: The Wichita economy has not been growing. "[Wichita has been] stuck in neutral for about three decades, with basically no growth, amidst the landscape of a growing U.S. economy," he said. (In fact, in 2016 the Wichita economy shrank from the previous year, and numbers for 2017 don't look much better.) Chung says we need to change our ways. In his June visit…
Wichita continues to decline in economic vitality, compared to other areas. NewGeography.com is a joint venture of Joel Kotkin and Praxis Strategy Group. Its annual "Best Cities for Jobs" project ranks metropolitan areas according to growth in employment. Of 422 metropolitan areas considered, Wichita ranked 383, dropping 28 spots since the previous year. Among 100 medium size metropolitan areas, Wichita ranked 93, dropping 5 spots from the previous year. NewGeography.com uses employment data from the United States Bureau of Labor Statistics from November 2006 to January 2018. [2. "The methodology for our 2018 ranking largely corresponds to that used in…
At a time Wichita leaders promote forward momentum in the Wichita economy, year-over-year employment has fallen. Today the Bureau of Labor Statistics released employment statistics through February 2018. [1. Bureau of Labor Statistics. Metropolitan Area Employment and Unemployment Summary. Available at https://www.bls.gov/news.release/metro.nr0.htm.] One of the tables released is "Over-the-year change in total nonfarm employment for metropolitan areas, not seasonally adjusted," which shows changes in jobs from February 2017 to February 2018. [2. Bureau of Labor Statistics. Over-the-year change in total nonfarm employment for metropolitan areas, not seasonally adjusted. Available at https://www.bls.gov/web/metro/metro_oty_change.htm.] For this time period for the Wichita metropolitan area,…
At a time Wichita leaders promote forward momentum in the Wichita economy, year-over-year employment has fallen. Today the Bureau of Labor Statistics released employment statistics through January 2018. [1. Bureau of Labor Statistics. Metropolitan Area Employment and Unemployment Summary. Available at https://www.bls.gov/news.release/metro.nr0.htm.] One of the tables released is "Over-the-year change in total nonfarm employment for metropolitan areas, not seasonally adjusted," which shows changes in jobs from January 2017 to January 2018. [2. Bureau of Labor Statistics. Over-the-year change in total nonfarm employment for metropolitan areas, not seasonally adjusted. Available at https://www.bls.gov/web/metro/metro_oty_change.htm.] For this time period for the Wichita metropolitan area,…
Wichita economic development efforts viewed in context. Greater Wichita Partnership is the organization with primary responsibility for economic development in the Wichita area. Data provided by GWP shows that since 2004, GWP takes credit for creating an average 1,847 jobs per year through its economic development efforts. [1. Greater Wichita Partnership - 2017 Investment Request. Part of the February 15, 2017 Sedgwick County Commission meeting. Available at https://goo.gl/hk6RHB.] To determine whether this is an impressive amount, we need context. Over the past ten years the labor force for the Wichita MSA has averaged 314,877 each month (in May 2017 it…
In this episode of WichitaLiberty.TV: Bob Weeks and Karl Peterjohn discuss issues regarding the Wichita and Kansas economies. View below, or click here to view at YouTube. Episode 163, broadcast September 3, 2017. Shownotes Wichita employment trends. While the unemployment rate in the Wichita metropolitan area has been declining, the numbers behind the decline are not encouraging. Downtown Wichita business trends. There has been much investment in Downtown Wichita, both public and private. What has been the trend in business activity during this time? Wichita downtown plan focused on elite values, incorrect assumptions. One of the themes of those planning…
