Just when the entire state was kissing Wichita goodbye, economically speaking, they turn around their economy like a hammer-head stall. The BTK is caught and has gone away and the Aircraft Industry has decided to stay. Last year 40% of all the aircraft in the world were made in Wichita and instead of losing market share they are gaining ground on the other aerospace manufacturing cities in the United States and around the world.
What other sectors are doing okay still; Small Businesses, Entertainment, Retail, New House construction, and some non-aviation manufacturing. Questions concerning the Wichita area include a tax revolt from high taxation especially in the wake of abatements and ‘give a ways’ needed to lure industry, specifically aerospace into town to provide jobs.
type revolt against some of the highest property taxes in the nation in Wichita. Water issues also of concern as an algae is growing in the reservoir, which makes the water taste funny, it actually smells rancid and rank. Such an algae (cyanobacteria) bloom
from the same issues but much different and concerns scientists and citizens, but in the water supply scares people although it probably will not hurt them unless diseases, pathogens or other harmful to human things start feeding on it. Schools are also a concern with lower funding due to tax base erosion from closing of companies and downsizing. Heck sounds like CA. Also rising health care costs are a concern especially with people laid off. Wichita has a Federal Trade Zone
http://ia.ita.doc.gov/ftzpage/fr/88/d29-88.html
making it good for companies who sell around the world to manufacture and bring in parts and fly out complete projects without import fees and taxes. Wichita is ranked 13 in the country for manufacturing sector and number one on the Planet for aviation manufacturing. So it is interesting that it has survived in this downturn of decrease in manufacturing jobs as the focus is to promote retail and service sector, something which can be done with revitalization projects.
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Article: Wichita KS; Anything Is Possible In Wichita Business Author: Lance Winslow Publication Date: 2007-05-18 Total Views: 274 Word Count: 394 Category:Home /
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