THE ECONOMY
Calhoun County wants you and wants your business. More jobs and more people result in more retail sales. Calhoun County's development efforts are evident in the fact that Calhoun County's retail sales growth has been running ahead of the State of Iowa's as a whole! This was accomplished while seeing an extremely low inflation rate.
INCOME AND EARNINGS
Because farm income generally accounts for 16-22% of personal income in Calhoun County, income and earnings statistics tend to fluctuate due to changes in crop market conditions and government program payments. Non-farm income has increased greater than the rate of inflation during the past four years.
EMPLOYMENT
During the past three years Calhoun County has experienced an increase of 310 employed persons while the unemployment rate has remained steady.
BANKING SERVICES
Calhoun County is well-served by financially sound, development oriented, locally-owned banks that have access to correspondent banks to meet the financial and servicing needs of larger commercial and industrial customers. Many of our banks are participating in innovative local lending programs for storefront renovation, speculative housing, housing rehabilitation, and industrial development. the following lending institutions are waiting to serve you:
Union State Bank - Rockwell City (712) 297-7556
United Bank of Iowa - Rockwell City (712) 297-7547
Security Savings Bank - Farnhamville (712) 544-3281
United Bank of Iowa - Lake City (712) 464-3181
First Federal Savings Bank - Lake City (712) 464-3153
First Bank and Trust - Lohrville (712) 465-2715
Manson State Bank - Manson (712) 469-3355
First Community Bank - Pomeroy (712) 468-2262
Heartland Bank - Somers (515) 467-5561 |
