Summary
This summary section provides baseline economic data that can be useful for grant applications, planning, or other activities.
Summary Data
The EDCI uses 53 unique indicators to depict relative strengths and potential areas for growth or maturation across five capacity areas. These capacity indicators fall into five major categories: Human Capital, Financial, Industry, Infrastructure, and Institutions and Partnerships.
To explore your county's capacity in further detail, or to see changes over time in your county's capacity, visit the EDCI portal.
Where Barton County stands out
Human Capital
Financial
Infrastructure
Industry
Institutions & Partnerships
Demographics
Demographics are integral to economic development planning representing the assets of human capacity within a community. Demographics can also lead to key questions around equity in economic development. To learn more about building equity into economic development efforts, review the Access, Process, and Outcomes Framework for Equity in Economic Development.
ACS 2022 (5-yr) County Demographic Estimates
Total Population | Persons in Poverty | Percent with Health Insurance | Urban/Rural Classification | |||
---|---|---|---|---|---|---|
County | County | National | County | National | Urban | Rural |
25,477 | 14.00% | 12.00% | 88.00% | 91.00% | 57.92% | 42.08% |
Housing and Infrastructure
Infrastructure plays a role in supporting local business growth, drawing new companies in, and assessing critical projects for an area. In addition to your region's physical infrastructure, key components to addressing infrastructure around economic and social support include transportation, housing and broadband.
Housing
Transportation and Commute
Household Internet Accessibility
Workforce
Workforce data combines demographic information with information about the current labor environment. Understanding the size and composition of workforce can lead to pathways toward new training, support for individuals transitioning into the labor force, and reducing the number of unemployed or underemployed persons in an area.
Labor Force Participation
Unemployment
Workforce Summary
Local Economy
Demographics are integral to economic development planning representing the assets of human capacity within a community. Demographics can also lead to key questions around equity in economic development. Assessing your region's access, process, and outcomes around equity and demographics is important.
County Economic and Fiscal Trends
Revenues included in both indices include: taxes on products and sales, transportation and housing revenues, individual income taxes, severance taxes and royalties, and property taxes. Local government revenues also include a local revenue from state revenue sharing component. In addition, the main index for the LGRVI for county-level governments includes revenue estimates for sub-county government units, including municipalities, school districts, and special districts. This revenue data is aggregated to produce the indices. Find a description of the methodology, including how estimates for each revenue source were produced, is available here.
Industry Trends
Widespread industry trends and evaluation of trends in a local area can provide insight to channeling resources to sectors across a local economy.
Location Quotients
This section shows the top eight industries within the county by their associated LQ value. In addition, it shows the annual average rate of change for the past five years for the top 8 industries. Industries with a rate of change that is between -.025 and .025 are considered stable. Industries with a negative rate of change that exceeds -.025 are classified as declining. Industries with a positive rate of change that exceeds .025 are classified as growing.
Patents
Number of Patents in the Most Recent Recorded Year (2020)
Number of Patents (All Time)
0
1
Small Business Technology Transfer (STTR)
Small Business Innovation Research (SBIR)
Number of Grants: 0
Total Funding: $0
Number of Grants: 0
Total Funding: $0
Risk and Resilience
Resilience against shocks and stressors is a key component to sustainable economic development. Knowing the hazards that threaten a local economy can help to shift plans toward more resilient futures.