EXECUTIVE SUMMARY
Where Business Belongs
Greater Omaha: The right environment for business
Nine-county combined statistical area 925,858 population (over 1.2 million within 60-minute drive)
Median age of 35.2 (below the U.S. average of 37.5)
From its strong business climate, to its first-class resources and quality of life, Greater Omaha continues to cultivate an environment that is ideally suited for companies wishing to start, grow or expand their operations. • Financially Solid – Omaha has a AA+ credit rating from Standard & Poor’s, evidence of a commitment to maintaining a solid financial position that it shares with the state of Nebraska. • Pro-business Incentives – Not only does Nebraska foster an equitable tax structure for both businesses and individuals, it also provides several performance-based incentives to firms in the form of tax credits, refunds and exemptions for investment and new job creation in Nebraska. Municipal governments also provide incentives to stimulate business development. • Strong Business-Government Partnerships – Greater Omaha’s strong business-government partnerships have resulted in more than $13 billion in new development project investments throughout the metro since 2004. • Low Cost of Doing Business – Statistics show the cost of doing business in Nebraska is 10 to 15 percent below the national average. Continued
Greater Omaha’s growing economy is home to headquarters of five Fortune 500 and five Fortune 1000 companies. FORTUNE 500 Berkshire Hathaway, Inc. (#5) Union Pacific Railroad (#138) ConAgra Foods (#209) Kiewit (#243)
DOING BUSINESS IN GREATER OMAHA: Where high quality comes with a lower cost Labor, transportation, communications and utilities – it’s critical that companies are able to access reliable resources, at a cost that enables them to generate revenues more profitably. Omaha meets current requirements for business and is able to keep pace with the most rapid growth – with a competitive labor market, younger and more highly educated workforce, centralized transportation capabilities, ample and low-cost utilities, and one of the country’s most advanced communications infrastructures.
Mutual of Omaha (#394) FORTUNE 1000 Green Plains Renewable Energy (#645) Valmont Industries (#706) TD Ameritrade (#780)
LABOR MARKET One in three adults possesses a bachelor’s degree or higher, compared to the U.S. national average of 27.9 percent. (Refer to table)
Greater Omaha’s employment base is diversified and highly educated. More than 90 percent of adults 25 and older are high school graduates, compared to the national average of 85 percent.
The area boasts competitive wage rates and some of the lowest labor insurance rates in the nation.
West Corporation (#781) Werner Enterprises (#937) INC. 5000 COMPANIES THAT CALL NEBRASKA HOME (2013) Amber Pharmacy Beck Ag Box Office Ticket Sales Client Resources Complete Nutrition CoSentry Executive Travel Five Nines Technology Group Headwind Consumer Products
2012 Education Attainment Percentage of Adults 25 Years or Older Omaha CSA (Combined Statistical Area)
U.S.
25% 20%
Omaha’s MSA (Metropolitan Statistical Area) workforce includes more than 490,000; with more than 700,000 available workers within a 60-minute drive. Higher percentage of workforce in (MSA, 2012)
15%
• Trade, transportation and utilities: 20.1 versus 19.1 in U.S.
10%
• Financial services: 8.9 versus 5.8 in U.S.
5%
• Professional and business services: 14.3 versus 13.4 in U.S.
0 Associate Bachelor’s Graduate or Degree Degree Professional Degree
• Lower percentage of workers in government: 14.0 versus 16.4 in U.S. Source: U.S. Bureau of Labor Statistics
Heme Management Hudl Infogressive
Employment Distribution by Industry - 2012 (number of jobs in thousands)
KB Building Services Lambert Vet Supply
Greater Omaha MSA Number of Jobs
United States Number of Jobs
Lincoln Industries
Industry
Linoma Software
Construction/Mining
21.1
4.5%
6,492
4.9%
Medical Solutions
Manufacturing
31.4
6.7%
11,919
8.9%
NorthStar Financial Services Group
Trade, Transportation and Utilities
93.8
20.1%
25,516
19.1%
OffWire
Information
11.4
2.4%
2,678
2.0%
P&L Technology
Financial Activities
41.6
8.9%
7,786
5.8%
Pen-Link
Professional and Business Services
66.7
14.3%
17,930
13.4%
Education and Healthcare Services
73.1
15.6%
20,319
15.2%
Leisure and Hospitality
45.6
9.8%
13,746
10.3%
Other Services
17.4
3.7%
5,437
4.1%
Government
65.5
14.0%
21,917
16.4%
467.4
100.0%
133,739
100.0%
Red Zone Tickets Sterling Companies The MSR Group TPG TeleManagement Triage Staffing US Storage Search
Total Employment
Percentage
Percentage
Source: U.S. Bureau of Labor Statistics MSA (Metropolitan Statistical Area)
Continued
BEST FOR BUSINESS Nebraska and Greater Omaha continue to find their place in national rankings that matter most to business
#2
Top 10 Pro-Business States
#4
America’s Top States for Business
Pollina Corporate Real Estate – July 2013
CNBC – July 2013
TRANSPORTATION
COMMUNICATIONS
A key transportation hub, Greater Omaha is served by a ring of interstate highways, railroads, motor freight, air and river transportation. In addition, Omaha’s well-maintained arterials facilitate driving throughout the metro – with an average one-way commute of 20 minutes.
Greater Omaha has created a thriving information technology sector, attracting companies with skilled, high-tech workforces, along with communication and informationintensive companies. The Greater Omaha area continues to provide one of the country’s best communications infrastructures.
UTILITIES Greater Omaha boasts abundant and reliable utilities that include electricity, water and natural gas available for both industrial and commercial users throughout the metropolitan area. In fact, Nebraska is the nation’s only public power state, with all electric energy generated, distributed and sold at more than 20 percent below the national average cost per KWH.
#4
America’s Top States for Quality of Life CNBC – July 2013
#4
America’s Top States for Business CNBC – July 2013
#9
The 10 Best Cities for Young Entrepreneurs
NerdWallet.com – April 2013
#10 Best Cities to Start a Business FOREIGN TRADE ZONE NO. 19 Greater Omaha’s central location makes it an ideal site for Foreign Trade Zone (FTZ) No. 19. Located on more than 17 acres with 250,000 square feet of warehouse space, this secured area is supervised by the U.S. Customs Department. It allows businesses to defer duty payments on foreign goods, giving companies a competitive advantage in international business.
NerdWallet.com – April 2013
#7
Top 10 Best American Cities to Live In
Top10Stop.com – Jan. 2013
#1
Lowest Tax Costs for New Firms
Tax Foundation and KPMG – Feb. 2012
#9
Lowest Tax Costs for Mature Firm
Tax Foundation and KPMG – Feb. 2012
#1
10 Great Cities to Raise Your Kids
Kiplinger – May 2012
#2
Top 10 Cities with the Best Economies for Families Parenting – July 2012
Omaha was listed as one of six Cities where Startups are Thriving Money – Nov. 2012
Continued
Greater Omaha’s Top 25 Largest Employers Rank
Company
Local Employment
Product/Service
Industry
1
Offutt Air Force Base
7,500+
National Security
Government
2
Alegent Creighton Health
7,500+
Healthcare
Service
3
Omaha Public Schools
5,000-7,499
Education
Service
4
Methodist Health System
5,000-7,499
Healthcare
Service
5
The Nebraska Medical Center
5,000-7,499
Healthcare
Service
6
University of Nebraska Medical Center
2,500-4,999
Healthcare/Education
Service
7
First Data Corp.
2,500-4,999
Transaction/ Processing
Information
8
Union Pacific
2,500-4,999
Railroad
Transportation
9
Hy-Vee, Inc.
2,500-4,999
Grocery Store
Retail Trade
10
First National Bank of Omaha
2,500-4,999
Banking
Finance
11
West Corporation
2,500-4,999
Customer Service
Service
12
Wal-Mart Stores
2,500-4,999
Dept./Grocery Store
Retail Trade
13
ConAgra Foods
2,500-4,999
Food Products
Manufacturing
14
Mutual of Omaha
2,500-4,999
Insurance
Insurance
15
Creighton University
2,500-4,999
Education
Service
16
University of Nebraska at Omaha
2,500-4,999
Education
Service
17
Millard Public Schools
2,500-4,999
Education
Service
18
City of Omaha
2,500-4,999
Administration
Government
19
PayPal, Inc.
2,500-4,999
Transaction
Processing/Information
20
Omaha Public Power District
1,000-2,499
Energy
Utilities
21
Baker's Supermarkets
1,000-2,499
Grocery Store
Retail Trade
22
Omaha Steaks
1,000-2,499
Food Products
Retail Trade
23
Omaha World-Herald
1,000-2,499
Newspaper
Information
24
Target Stores
1,000-2,499
Dept./Grocery Store
Retail Trade
25
Douglas County
1,000-2,499
Administration
Government
SelectGreaterOmaha.com 402-346-5000 • 800-852-2622 1301 Harney St., Omaha, NE 68102
Aug. 2013