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2007 Economic Forum

2007 Economic Forum. I nformation provided by Jacksonville State University Center for Economic Development and College of Commerce and Business Administration. Building on Past Success, Building for the Future:. Calhoun County Update State of Alabama Update. Overview. Member Survey

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2007 Economic Forum

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  1. 2007 Economic Forum Information provided by Jacksonville State University Center for Economic Development and College of Commerce and Business Administration

  2. Building on Past Success, Building for the Future: • Calhoun County Update • State of Alabama Update Overview

  3. Member Survey Population Employment Cost of Living Housing Business Licenses Retail Sales Infrastructure Calhoun County 2007 Update 2

  4. Q#1: Your Comparison of this Year to Last Year2007

  5. Q#1: Your Comparison of this Year to Last 2003-2007

  6. Q#2: Your Employment Outlook for Coming Year Year 2007

  7. Q#2: Your Employment Outlook for Coming Year 2003-2007

  8. Q#3: How Likely is Increase in Demand Your Products/Services in Coming Year Year 2007

  9. Q#3: How Likely is Increase in Demand Your Products/Services in Coming Year 2003-2007

  10. Q#4: How Likely to Add New Products in Coming Year Year 2007

  11. Q#4: How Likely to Add New Products in Coming Year 2003-2007

  12. Q#5: How Likely to Expand # Outlets in Coming Year Year 2007

  13. Q#5: How Likely to Expand # Outlets in Coming Year 2003-2007

  14. Q#6: How Likely to Increase Employee Compensation in Coming Year Year 2007

  15. Q#6: How Likely to Increase Employee Compensation in Coming Year 2003-2007

  16. Population Trends Calhoun County 1998-2005 Source: U.S. Census Bureau

  17. Labor Force Calhoun County 1998-2006 *Jan-Nov 2006 Source: U.S. Bureau of Labor Statistics

  18. Employment for Calhoun County 1998-2006 Source: U.S. Bureau of Labor Statistics

  19. Unemployment Rate for Calhoun County 1998-2006 Source: U.S. Bureau of Labor Statistics

  20. Unemployment for Calhoun County vs Alabama 2006 Source: U.S. Bureau of Labor Statistics

  21. 3.3% Alabama Unemployment Rates December 2005Preliminary State Rate (Seasonally Adjusted)State Ave – 3.6% Unemployment Rate 3.1% and Below 3.2% - 3.8% 3.9% and Above Source: AL Dept of Industrial Relations

  22. 3.3% Alabama Unemployment Rates December 2006Preliminary State Rate (Seasonally Adjusted)State Ave – 3.6% Unemployment Rate 3.3% and Below 3.4% - 4.4% 4.5% and Above Source: AL Dept of Industrial Relations

  23. Calhoun County Total Employment by SectorNov 2006 Source: U. S. Bureau of Economic Analysis

  24. Calhoun County vs State of Alabama Total Employment by SectorNov 2006 Calhoun State Source: U. S. Bureau of Economic Analysis

  25. Calhoun County Manufacturing Employment vs All Alabama MSAs Nov 2006 14.6% Avg - - - Source: U. S. Bureau of Economic Analysis

  26. Calhoun County Cost of Living 2000-2006 Source: Accra Survey

  27. Calhoun County Cost of Living vs Select Alabama Cities 2005 Source: Accra Survey

  28. Calhoun Housing Statistics Nov 2005 – Nov 2006 Source: Alabama Real Estate Research & Education Center

  29. Calhoun County Housing Affordability Index 3rd Q 2006 Source: Alabama Real Estate Research & Education Center

  30. Calhoun County Municipal: Business Licenses 2005-2006 Source: Selected Municipalities

  31. Retail Sales – State Level Data • Alabama Department of Revenue • November 05-November 06 • (Up 5.20%) • FYTD 05-06 to 06-07 • (Up 5.67%) • County Level ? Source: Alabama Department of Revenue

  32. See Appendix

  33. Anniston Chemical Agent Disposal Facility Since 1st burn on August 9, 2003, have destroyed • 42,738 GB-filled rockets/warheads (0 remain) • 16,026 GB-filled 8-inch Projectiles (0 remain) • 9,060 GB-filled 155 Projectiles (0 remain) • 68% storage risk eliminated (M55 Rockets) • 24% stockpile destroyed • Operations to be completed Sum 2010 Source: Anniston Chemical Agent Disposal Facility

  34. Calhoun County vs Select Metropolitan Statistical Areas (MSAs) MSA Symbol Calhoun County AL CAL Decatur IL DIL Flagstaff AZ FAZ Jackson TN JTN Jonesboro AR JAR Morgantown WV MWV Owensboro KY OKY Salisbury MD SMD St. George UT SUT Victoria TX VTX

  35. Calhoun County vs Select Metropolitan Statistical Areas (MSAs)

  36. Calhoun County vs Select MSAs % Unemployment Rate 2006 3.8% Average - - - - Source: Bureau of Labor Statistics

  37. Calhoun County vs Select MSAs % High School Grad or Higher 2000 81% Avg Source: www.fedstats.gov

  38. Calhoun County vs Select MSAs % of Work Force Age 18 – 65 2005 63% Avg - - - Source: www.fedstats.gov

  39. Calhoun County vs Select MSAs %Change in Population 2000 - 2005 32% 5.4% Avg - - - Source: U.S. Census Bureau

  40. Calhoun County vs Select MSAs Mean Annual Wages in Thousands 2005 $31 Avg - - - Source: Bureau of Labor Statistics

  41. Calhoun County vs Select MSAs Average Wage per Hour in $ 2005 $14.91 Avg - - - Source: Bureau of Labor Statistics

  42. New and Expanding Industries Calhoun County 2006 Source: Alabama Development Office

  43. Membership Survey-Guarded Population- Up Employment- Up Unemployment- Down Cost of Living-Down Housing Sales- Down Business Licenses- Up Retail Sales-Up Infrastructure- Improving “Building for the Future” Calhoun County: Summing it Up

  44. BLCI Survey Demographics Economic Indicators Education Achievemens 2003 Other Issues State of Alabama Update 59

  45. Alabama Business Leaders Confidence Index • State Survey – 4th Quarter 2006 • Approximately 300 respondents • www.blcindex.com

  46. Alabama Economic OutlookQ4 2005 compared to Q3 2005 Last Year Source: Alabama Business Leaders Confidence Index

  47. Alabama Economic OutlookQ4 2006 compared to Q3 2006 This Year Source: Alabama Business Leaders Confidence Index

  48. Alabama Economic OutlookQ4 2005 – Q4 2006 Source: Alabama Business Leaders Confidence Index

  49. Alabama Population 2000-2006 in Millions Source: U.S. Census Bureau

  50. U.S. Migration PatternsJanuary- December 2005 High Inbound High Outbound Balanced Source: United Van Lines

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