I’ll bet most people don’t even know what NetApp does. The company has 170 offices worldwide and they are “a leading provider of innovative storage and data management solutions”. Obviously, it’s high-tech computer stuff and they help businesses with their high-tech computer stuff.
NetApp’s announcement that it will double its Wichita workforce is great news. Over the next five years NetApp plans to create more than 400 jobs in Wichita … at an average wage of $73,000. The economic impact of that many well-paid jobs on a community should be significant. The company also plans to spend $85 million on new machinery, equipment, and renovations.
Wichita needed a boost like that. The aircraft industry has been struggling to regain its footing after the recession. There are signs of life, as local aircraft companies restructure and try to innovate with new products … to get folks to buy those airplanes around the world.
At the same time, well-paying non-aircraft jobs like those at NetApp are precious to the local economy.
Our thought for today is from Calvin Coolidge:
“More people out of work leads to higher unemployment.”