Grundy County pulls in more shoppers than the number of residents who leave to shop elsewhere, according to information provided by Jack Briggs, president of Economic Development Assessments.
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Grundy County pulls in more shoppers than the number of residents who leave to shop elsewhere, according to information provided by Jack Briggs, president of Economic Development Assessments.
Grundy County’s 2003 pull factor rate was 1.14, which is an increase of 0.02 over the 2002 number of 1.12, and is one of only eight counties in northwest Missouri showing increases between 2002 and 2003. Harrison County, at 1.84, has the second highest pull factor number behind Taney County at 1.92. Caldwell County tied with Howard County for the lowest pull factor rate in the state, .31. Livingston County had a pull factor of 1.09, which is down from the 1.14 reported in 2002.
The pull factor formula takes into consideration money that comes into the county through wages, Social Security payments, interest and commodity sales as well as retail and service sales and the average spendable income of persons in the area. If those factors come out equal, a community has a pull factor of one, the average for the state of Missouri. Numbers below 1.0 means dollars are flowing into other areas while numbers above 1.0 means more money is coming in than going out.