Located in the midwestern portion of the United States, Kansas and the Kansas River that flows through are named for the Kansa tribe, an indigenous Native American tribe. Once known for the large number of nomadic tribes that roamed the area hunting Bison, today Kansas has a rich and varied economy and population.
Kansas may be most well known for its infamous entrance into the United States. While the territory had been settled in the 1830’s, its bid for statehood gained popularity as both pro-slavery and abolitionists fought to have the state admitted on their side. While it eventually entered the union as a free state, it was forever known as Bleeding Kansas for the large amount of fighting done throughout the state.
In 2008, the gross domestic product was approximately $122.7 billion. This makes Kansas the 32nd state in terms of GPD. With a per capita income of $35,013, Kansas is largely an agricultural state, although it has made some inroads into manufacturing, technology and other sectors in the past decade.
Important Commercial Facts on Kansas
1. Portions of Kansas are considered part of the Grain Belt of America. As such, there is a large agricultural basis to the economy. Salt, corn, hogs, cotton, soybeans, sorghum, wheat, sheep and cattle all play a role in the economy of Kansas.
2. Kansas is the 8th ranked oil producer in the United States, although they are beginning to see a decline in their production of natural oil.
3. Kansas is the 8th ranked natural gas producer in the United States. Primarily located in the Hugoton Natural Gas Field, the natural gas reserves are beginning to be depleted.
4. Several large companies have their headquarters located in Kansas. These include Sprint/Nextel, Embarq, YRC Corp, Payless Shoes and Koch Industries.
5. The aerospace industry plays a large role in the economy of Kansas. In fact, Boeing, Learjet, Cessna and Hawker BenchCraft all have large manufacturing plants located in Kansas, primarily Kansas City and Wichita.
As the natural gas and oil fields are depleted in Kansas, they are beginning to turn their attention to other industries. It is apparent that Kansas will survive this loss and continue to change and grow.
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