Tuesday, May 06, 2008

Midwest Economy Thriving, Survey Says

A survey of business executives in nine Midwestern and Great Plains states suggests their state economies are humming right along despite wholesale inflationary pressures. Creighton University economics professor, Ernie Goss, who oversees the Mid-American Business Conditions Index, said the region is "clearly outperforming the rest of the nation". "Very strong farm income and biofuels production continue to push the regional economy higher," Goss said. "Furthermore, the downturn in housing is having less of an impact for most of the nine state region than for the rest of the nation". I know in our town, many new expensive home are being built and filled. People are selling their older homes and moving into the new ones. Young people just starting out are buying the older homes for less money to start their families in. We have several booming businesses in our town and they are hiring all the time.

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