Welcome to the 652nd meeting of the Rotary Club of Dixie Sunrise!
"Every time a dollar leaves town, it takes seven dollars to replace it." Scott Hirschi, Executive Director of the Washington County Development Council.
We were delighted to have Mr. Hirschi reflect on the changes he has seen
in St George over his life time. He reminded us of the quality of life we enjoy here, much of which has been fueled by positive growth. We do face challenges with the economic downturn that has affected everybody. In particular, as construction is such a big part of our economy, the loss of 42% of our construction based jobs over last year has a huge impact. The only two sectors of our economy to experience growth in Washington County this last year were Education/Health/Social Services at 3%, and Government at 5%.
Mr. Hirschi spoke about the psychology of the market and felt that both sides of the political spectrum worked to scare us, and the stats show that the downturn seems to coincide with the election cycle. He also used the current economics to remind us how much we depend on each other and how important it is to keep our business local. Studies show, he told us, that a dollar we spend changes hands seven times before getting back to us.
"Every time a dollar leaves town, it takes seven dollars to replace it." Scott Hirschi, Executive Director of the Washington County Development Council.
We were delighted to have Mr. Hirschi reflect on the changes he has seen
in St George over his life time. He reminded us of the quality of life we enjoy here, much of which has been fueled by positive growth. We do face challenges with the economic downturn that has affected everybody. In particular, as construction is such a big part of our economy, the loss of 42% of our construction based jobs over last year has a huge impact. The only two sectors of our economy to experience growth in Washington County this last year were Education/Health/Social Services at 3%, and Government at 5%.Mr. Hirschi spoke about the psychology of the market and felt that both sides of the political spectrum worked to scare us, and the stats show that the downturn seems to coincide with the election cycle. He also used the current economics to remind us how much we depend on each other and how important it is to keep our business local. Studies show, he told us, that a dollar we spend changes hands seven times before getting back to us.
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