Iowa City showing signs of economic recovery - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowa City showing signs of economic recovery

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IOWA CITY (KWWL)--- The latest existing industry survey conducted by the Iowa City Area Development Group shows steady employment growth in the area.  The survey included employment and other data from 72 companies.
 
Over the past year, interstate commerce firms in the Iowa City area added back 760 of the 1,370 jobs lost between 2008-2009.  These employers had a combined full time employment level of 13,425; a 6% increase in employment from this time last year.  
 
Despite the lagging effects of the recession, firms in the Iowa City area show significant optimism, with 69% of companies surveyed planning to expand in the next three years.  Collectively these companies anticipate creating approximately 1,100 new jobs in the near future, with more opportunities expected in manufacturing and the financial/insurance sectors.
 
"We are fortunate to have such a vibrant mix of innovative companies, a consistently supportive business climate and talented workforce," said Joe Raso, ICAD Group President.
 
Among other key findings:
• 68% of companies reported an increase in sales from the year prior, 16% higher when surveyed a year ago.
• Satisfaction with the educational systems, health and safety retained the highest ratings while transportation and governmental services continue to see the lowest satisfaction scores.
• All community rankings were higher than national data.
• Employer satisfaction for workforce quality, availability, stability and productivity remain high, with a 7% uptick reported in productivity over last year's findings.
 
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