A Comparative Assessment of Robertson County, Tennessee

Abstract

Merchant Community Analysis utilized a peer comparative approach in conducting an analysis of current population, labor market, industrial, and economic conditions of Robertson County, Tennessee. The following are the key items examined across the set of designated peer communities, resulting in the stated outcomes from this assessment:Population Growth: Rapid population growth of is likely a great driving force in the local economy, but it brings added challenges, such as increased infrastructure needs.Population Demographics: The growing abundance of children in the community will likely induce the need for continued added funding for the public schools. Attracting seniors to retire in Robertson County, however, may benefit the local economy in the long run.Educational Attainment: The Roberson County adult population lags behind the nation and falls amid peer counties in educational attainment statistics.Labor Force: The county's unemployed workforce has swelled to more than 3,500 in 2009. Increasing educational attainment may give workers the ability to find better jobs.Job Growth: During the economic expansion prior to the Great Recession, Robertson County had robust job growth. Some of the growth occurred in industries that were likely related to the national housing bubble. However, the county also saw strong growth in other industries, to include manufacturing. Industry: Robertson County’s job base is pillared by the goods-producing sectors of agriculture, construction, and manufacturing. There may, however, exist local business opportunities in the sectors of art, entertainment, and recreation.Average Wages: The county's wage growth has fallen behind all peer counties, as well as the nation as a whole. A more highly educated workforce may be essential in the creation of local jobs that pay higher wages. Income: Commuters who hold higher paying jobs in Nashville likely contribute to higher average incomes in Robertson County.Poverty: Increasing education attainment may be a key element in helping residents who currently live in poverty to find jobs that pay sufficient wages.