Despite hard times in the nation’s economic downturn, business leaders in the Shoals continue to look at bright spots in the areas development. In a business journal report just released, Colbert County ranks sixteenth in the nation when it comes to the increase of wage per job analysis.
Shoals Chamber of Commerce President Steve Holt says the recruiting of large scale manufacturing facilities has been a driving force. "Primarily the manufacturing in this market I think has had a significant impact on that increase," said Holt.
And with several large manufacturers coming into the Shoals, Holt says workers are making more money. Each job in Colbert County, on average, pays almost 40-thousand dollars.
Holt says part of that is due to the diversified workforce, "I think the first time in many years that we did not come unglued when the economy turned down. So now, as you see a lot of indications that the economy is coming back, we're not starting from the back of the pack."
With job pay increasing over the last several years, commercial developers are also taking notice. Holt says when recruiting new businesses, the first thing they look at is wage per capita of the potential community.
In Lauderdale County, the average wage per job is nearly 10-thousand dollars less than Colbert County. But local leaders say many people commute between both counties for work.