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Old 01-31-2010, 09:50 PM
 
Location: Casa Grande
70 posts, read 364,898 times
Reputation: 105

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What is Omaha's economy based on? Is it a stable economy or a stagnant economy?
There was no housing bust because there was no housing boom, so the question is ... is Omaha a stagnant area or an area of growth.

AND again, what is the economy based on.
THANKS!
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Old 01-31-2010, 11:14 PM
 
Location: West Omaha
1,181 posts, read 3,652,191 times
Reputation: 477
Omaha has a diverse and growing economy.

And a "boom" isn't necessarily a good thing. The booms that were witnessed in CA, Vegas, Phoenix and etc. were based on speculation. Meaning people were treating their house more like an investment than a place to live. It was not uncommon at all to see 1 year appreciation rates of 20 to 30%, which is absolutely absurd! Omaha had a healthy growth in housing based on actual demand, not based on the idea that one could quickly turn around a profit on their home.

To ask what is Omaha's economy based on is a little like asking what Denver or Chicago's economy is based on. Granted, those cities are quite a bit larger and have larger economies, but on a relative basis Omaha is quite similar. By that I mean the "size" of Omaha's economy is smaller but the diversity within the economy is similar. Omaha has companies in sectors such as financial, insurance, ag, technology, software, medical, and etc. Throw in Stratcom and several Universities in the area and Omaha has a robust and diverse economy that isn't going to tumble when one sector falters.

As a snapshot here a list of a few companies with major offices in the area: Berkshire Hathaway (headquarters), TD Ameritrade (headquarters), ConAgra (headquarters), Union Pacific (headquarters), Mutual of Omaha (headquarters), Kiewit (headquarters), Paypal, Valmont, and etc.

Here is a link with a better summary of what I just wrote:

http://www.city-data.com/us-cities/T...a-Economy.html
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Old 02-01-2010, 12:04 AM
 
3,284 posts, read 2,868,980 times
Reputation: 1832
As reluctant as I am to admit this, Matt is spot on with his assessment and description of the Omaha area economy.
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Old 02-01-2010, 01:55 AM
 
Location: Casa Grande
70 posts, read 364,898 times
Reputation: 105
Default thank you so much

Quote:
Originally Posted by mattpoulsen View Post
Omaha has a diverse and growing economy.

And a "boom" isn't necessarily a good thing. The booms that were witnessed in CA, Vegas, Phoenix and etc. were based on speculation. Meaning people were treating their house more like an investment than a place to live. It was not uncommon at all to see 1 year appreciation rates of 20 to 30%, which is absolutely absurd! Omaha had a healthy growth in housing based on actual demand, not based on the idea that one could quickly turn around a profit on their home.

To ask what is Omaha's economy based on is a little like asking what Denver or Chicago's economy is based on. Granted, those cities are quite a bit larger and have larger economies, but on a relative basis Omaha is quite similar. By that I mean the "size" of Omaha's economy is smaller but the diversity within the economy is similar. Omaha has companies in sectors such as financial, insurance, ag, technology, software, medical, and etc. Throw in Stratcom and several Universities in the area and Omaha has a robust and diverse economy that isn't going to tumble when one sector falters.

As a snapshot here a list of a few companies with major offices in the area: Berkshire Hathaway (headquarters), TD Ameritrade (headquarters), ConAgra (headquarters), Union Pacific (headquarters), Mutual of Omaha (headquarters), Kiewit (headquarters), Paypal, Valmont, and etc.

Here is a link with a better summary of what I just wrote:

http://www.city-data.com/us-cities/T...a-Economy.html
I am so utterly grateful for all the information you have provided. I was so lost before this info. This is hugely helpful.
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