The St. Tammany Economic Development Foundation (STEDF) has released its quarterly trends report detailing local economic data for the second quarter of 2014 and annual data comparisons.
“According to these numbers, the economic climate in St. Tammany continues to improve,” said Brenda Bertus, CEO of STEDF. “Along with many other favorable variables, our efforts to bring more business opportunities to the area have helped place the parish ahead of other regions in the state and the country.”
More people found work. As detailed in the report, the number of unemployed residents in St. Tammany Parish dropped by over 20 percent both from the first quarter of 2014 and from the same time last year.
More people bought houses. The number of single family units either proposed or sold rose to 1,278 – almost 50 percent more than the first quarter and over 28 percent more than the same time last year.
And finally, more people paid taxes on sales. Though first quarter trends have lowered year-to-date total sales and sales tax numbers from the similar period last year, the second quarter of 2014 still saw improvement. Collected funds rose more than five percent in April, nearly four percent in May and nearly three percent in June from the same months last year.
For the full trends report and its data on new business incorporations, utilities and overall economic growth, visit http://stedf.org/t_reports.htm.
STEDF leads economic development in St. Tammany Parish, attracting new businesses and employment opportunities to the area. The organization seeks to improve parish residents’ quality of life by strengthening and supporting the business climate. For more information, call STEDF at (985) 809-7874 or visit stedf.org.