Tuesday, March 14, 2017
Northwest Arkansas’ Impressive Growth
Growing up in Stockton, California, Bill Schwyhart left home when he was 17 years old to begin his journey as an entrepreneur. Bill Schwyhart, is now a real estate developer with major investments in Rogers, Arkansas.
According to a mid-2016 report by CBRE Real Estate, Rogers and the rest of Northwest Arkansas continue to enjoy impressive growth, with no indicative sign of slowing down. Payroll, population, and planning have been the major factors for the impressive performance. High-paying jobs have led to population growth, which has necessitated local government units as well as the private sector to plan accordingly and pour investments to meet the demand.
There is synergy between the towns of Fayetteville, Rogers, Bentonville, Springdale, and Siloam Spring, drawing broader attention to the region. With a with a national average surpassing per capita income of $50,686 in 2014, Northwest Arkansas was only behind Houston in terms of having the highest per capita income across metropolitan areas in the South Central United States. Population growth has been recorded at 30 new residents per day in the region. Planned and tax-funded projects include the widening of Interstate 49.