Spokane “GDP” growth rate
June 21, 2011 1 Comment
The U.S. Mayors organization just published a comprehensive review of 363 cities and metro areas nationwide.
- Spokane’s share of the Washington State GDP is 5.2% (or 5.5% of metro areas) – but the Spokane MSA has about 7% of the state’s population.
- Spokane’s 2000-2010 GDP growth rate ranks at 252 out of 363 cities, or in the bottom 31%.
- I suspect almost all, if not all of the growth in Spokane, is due to the non-sustainable growth of health care prices.
This helps us understand why we see vacant store fronts and office buildings, and for sale and for lease signs all over the area. The economy in Spokane is in extraordinarily bad shape.
Check the Tri-cities, Moses Lake or the west side – we don’t see the widespread business retail and office vacancies like we see here. Not even close. A relative just traveled by car from Washington to northern California, stopping in on several towns and cities along the way. Little to no vacancies were seen. Even in hard hit California.
Spokane is in a uniquely bad economic situation caused by failed leadership at all levels.
Local citizens should be screaming and shouting and local leaders should be held accountable. But do the people even know? Since the fall of 2008, local media embarked on a “happy news” spree to focus attention on friendly human interest stories.
During the Great Depression, local media in the mid-west made a decision to cover happy news only, to help people cope with the misery a little easier. Is this what has happened in Spokane?