Study Says Manufacturing Major Driver to Columbus, Platte County Economy
COLUMBUS- A recent report indicates Columbus’ manufacturing sector is the major driver of the City of Columbus’ and Platte County’s Economy.
According to the study using 2019 data, the total value of all Columbus and Platte County economic output associated with the area’s manufacturing base is $3.6 billion. Manufacturing alone contributes $2.9 billion of the amount. According to the study, Columbus area manufacturers employ 5,741 people directly and 10,269 indirectly. Manufacturers pay an average compensation per employee of over $66,800 which is 51 percent higher than the area’s average salary of $44,270. Manufacturers fund $384 million in direct employee compensation and contribute to $98 million in compensation for area supply chain positions and $56 million in compensation paid toward other positions benefiting from the local manufacturing industry.
The research was conducted by Economist with the Nebraska Public Power District, Dr. Ken Lemke.