STEM Wages In St. Tammany Doubled Over Last 10 Years
MANDEVILLE, LA – The St. Tammany Economic Development Foundation (STEDF) has released its annual summary of local economic data for the past decade. The report shows that parish-wide wages in professional, scientific and technical fields rose 114 percent in 10 years, from almost $138 million in 2005 to over $295 million in 2015.
Brenda Bertus, CEO of STEDF, said, “This report allows us to examine the past five years and the past 10 years of our economic status. By analyzing a decade’s worth of trends, we can develop an informed overview of our parish’s current economic state and better prepare for our economic future.”
According to the data presented in the St. Tammany Ten Year Economic Summary, total wages in St. Tammany rose over 85 percent in 10 years, from over $2 billion in 2005 to more than $3.8 billion in 2015. In that same time period, the number of business establishments rose 25 percent—from over 6,000 businesses to almost 8,000—and the number of employed residents in St. Tammany increased by over 20,000.
The St. Tammany Ten Year Economic Summary reports a comprehensive, long-term look at changes in St. Tammany’s economic trends. The latest report covers trends between 2005 and 2015. Factors include population growth, parish employment, apartment rent and sales tax collections.