Omaha is the largest city in Nebraska and serves as the Douglas
County seat. With a population of approximately 410,000, this city
anchors the Omaha-Council Bluffs metropolitan area, the 60th largest
U.S. metropolitan area in 2010. Called the "Gateway to the West," the
city has become a national transportation hub due to its central
location. It is also home to five Fortune 500 and four Fortune 1000
companies.
Economic Development in Omaha
During the 1980s, things looked bleak for the economy of this city. Enron had relocated and ConAgra was threatening to move. Local business leaders responded by improving the business climate and the state helped by providing competitive tax incentives. A lengthy period of economic development resulted, with the number of local jobs increasing by 25 percent between 1990 and 2000.
Companies now relocate to or expand their presence in this city. AFLAC, The Gallup Organization, Union Pacific, Cargill, PayPal, and Northern Natural Gas added a total of 2,000 jobs to the city between 2003 and 2004. Constant growth and diversity have made the economy reliable and stable over recent decades. Healthcare, insurance, telecommunications, transportation, and agribusiness are among the industries represented. A building boom taking place along the downtown and riverfront areas is connecting the two.
Omaha as a Transportation Hub
A central location and excellent infrastructure have established this Nebraska city as a logistics center. It is the home of many major transportation companies and is served by truck, rail, air, and even barge. The metropolitan area is also an active foreign trade zone for general purposes, with more than 17 acres and 250,000 square-feet of warehousing supervised by the United States Customs Department.
Location makes it possible for more than 100 motor carriers to transport goods nationwide and to NAFTA corridor areas within two to three days. Eppley Airfield, a cargo and passenger airport, is just five minutes from downtown. Both national and international air freight and parcel services are available through its expanded cargo apron.
Even the recent recession could not cripple this city. In 2009, it topped the "America's Fastest-Recovering Cities" list issued by Forbes. The same year, Forbes also named it the "Best Bang-For-The-Buck City." For the past 150 years, this city has enjoyed a three percent annual growth rate. Investors take comfort in this market due to its strong workforce and promotion of fair business practices. With everyone striving for this city to succeed, it is an excellent place to do business.
Economic Development in Omaha
During the 1980s, things looked bleak for the economy of this city. Enron had relocated and ConAgra was threatening to move. Local business leaders responded by improving the business climate and the state helped by providing competitive tax incentives. A lengthy period of economic development resulted, with the number of local jobs increasing by 25 percent between 1990 and 2000.
Companies now relocate to or expand their presence in this city. AFLAC, The Gallup Organization, Union Pacific, Cargill, PayPal, and Northern Natural Gas added a total of 2,000 jobs to the city between 2003 and 2004. Constant growth and diversity have made the economy reliable and stable over recent decades. Healthcare, insurance, telecommunications, transportation, and agribusiness are among the industries represented. A building boom taking place along the downtown and riverfront areas is connecting the two.
Omaha as a Transportation Hub
A central location and excellent infrastructure have established this Nebraska city as a logistics center. It is the home of many major transportation companies and is served by truck, rail, air, and even barge. The metropolitan area is also an active foreign trade zone for general purposes, with more than 17 acres and 250,000 square-feet of warehousing supervised by the United States Customs Department.
Location makes it possible for more than 100 motor carriers to transport goods nationwide and to NAFTA corridor areas within two to three days. Eppley Airfield, a cargo and passenger airport, is just five minutes from downtown. Both national and international air freight and parcel services are available through its expanded cargo apron.
Even the recent recession could not cripple this city. In 2009, it topped the "America's Fastest-Recovering Cities" list issued by Forbes. The same year, Forbes also named it the "Best Bang-For-The-Buck City." For the past 150 years, this city has enjoyed a three percent annual growth rate. Investors take comfort in this market due to its strong workforce and promotion of fair business practices. With everyone striving for this city to succeed, it is an excellent place to do business.
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