Business

GWEDC helped create or save 697 jobs in 2009

The Greater Wichita Economic Development Coalition helped create or save nearly 700 jobs last year, less than half its goal.

Coalition leaders, at their annual meeting today, blamed the poor economy for the shortfall.

On other measures:

* The average pay of those jobs was $54,147, quite a bit higher than metro average of $39,529.

* Projected capital investment of $47.8 million was about two-thirds their goal.

* The return on investment, as calculated at Wichita State University, is $1.70 in tax revenue for every $1 spent by government for economic development. This exceeds the goal of $1.30.

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