White County is experiencing a notable economic upswing, as reported by Treasurer Waylon Heathscott on December 7, 2024. The county has seen a 4.3% increase in sales tax revenue over the past year, with an impressive 8.2% rise in the last four months alone. This trend suggests that sales tax revenue is expected to increase by approximately $20,000 monthly, indicating a robust local economy [3bb90f91].
In addition to rising sales tax, the housing market is also thriving, with 131 new housing starts reported in 2023, a significant increase from 86 in 2022. This growth is part of a broader trend, with the population projected to reach 72,000 by the end of the year [3bb90f91]. The unemployment rate in White County remains lower than both state and national averages, further contributing to the positive economic outlook [3bb90f91].
Local bankers express optimism about the low interest rates, which are expected to stimulate further economic activity. Notably, Maytag has added 280 jobs in 2023, bolstering the local manufacturing sector [3bb90f91]. However, concerns loom over the closure of ITT, which is set to occur in April 2024, potentially impacting job availability [3bb90f91].
Searcy, the county seat, is experiencing growth insulated by its strong medical and educational sectors. However, there is a recognized need for planned growth to sustain housing demand and address potential negative perceptions regarding the new jail's impact on industrial attraction [3bb90f91]. Despite these challenges, the overall sentiment remains one of optimism about economic stability in White County, as local leaders and residents look forward to continued growth and development [3bb90f91].