Oxford Makes 'Best List' for Economic Growth above the National Average

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The Walton Family Foundation conducted a study of 5 cities in “America’s Heartland” that were experiencing economic growth to disprove that only metropolitan coastal cities are advancing in economics and job inflation. According to research done by the foundation, Oxford has experienced economic growth above the national average from 2011 to 2016, which landed Oxford on the foundation’s ‘best list.’

The study states that there has been a constant “rural versus urban” throughout the country where coastal cities are growing in both job growth and economically over rural, micropolitan cities in middle America, which has caused division among the nation. “The economic divide appears most prevalent among smaller communities in the non-coastal areas of the country, but it is also present in small to medium-sized metropolitan areas.”
The study showed that Oxford’s micropolitan area revealed innovative activities targeted at economic development and diversification are not solely apart of big-city technology metropolitan areas located on either coastal region, such as Silicon Valley.
“For example, from 2011 to 2016, job growth averaged 4.4 percent, and wage gains averaged 6.2 percent — vastly outstripping the U.S. averages of 1.7 percent and 4.1 percent, respectively, over the same period (see Figure 7),” the study states.
For more information on Oxford’s growth from the study, read ‘Micropolitan Success Stories from the Heartland,’ page 20.

By Talbert Toole, associate editor of HottyToddy.com. He can be reached at talbert.toole@hottytoddy.com.