Allegan County, MI. Economy Overview. Michigan Economic Development Corpora on. 300 N. Washington Square, Lower Level Lansing, Michigan 48913
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1 Allegan County, MI Michigan Economic Development Corpora on 300 N. Washington Square, Lower Level Lansing, Michigan Emsi Q Data Set
2 Contents. Economy Overview Historic &.. Projected Trends Popula on Characteris cs Industry Characteris cs Business Characteris cs Workforce Characteris cs Educa onal Pipeline Emsi Q Data Set
3 Economy Overview 117,198 43,311 $55.6K Popula on (2018) Jobs (2018) Median Household Income (2016) Popula on grew by 5,247 over the last 5 years and is projected to grow by 3,622 over the next 5 years. Jobs grew by 2,501 over the last 5 years and are projected to grow by 2,392 over the next 5 years. Median household income is $308 above the na onal median household income of $55.3K. As of 2018 the region's popula on increased by 4.7% since 2013, growing by 5,247. Popula on is expected to increase by 3.1% between 2018 and 2023, adding 3,622. From 2013 to 2018, jobs increased by 6.1% in Allegan County, MI from 40,809 to 43,311. This change fell short of the na onal growth rate of 7.4% by 1.3%. As the number of jobs increased, the labor force par cipa on rate increased from 66.6% to 66.9% between 2013 and Concerning educa onal a ainment, 13.8% of Allegan County, MI residents possess a Bachelor's Degree (4.8% below the na onal average), and 9.0% hold an Associate's Degree (1.0% above the na onal average). The top three industries in 2018 are Pharmaceu cal and Medicine Manufacturing, Restaurants and Other Ea ng Places, and Educa on and Hospitals (Local Government). Popula on (2018) Labor Force (2018) Jobs (2018) Cost of Living GRP Imports Exports Region 117,198 62,636 43, $4.88B $7.47B $6.41B State 9,970,606 4,950,181 4,704, $507.06B $432.35B $494.63B Na on 328,038, ,733, ,636, $19.28T $0 $8.38T Emsi Q Data Set 1
4 Economy Overview - Cont Labor Force Breakdown Popula on A Total Working Age Popula on 93,689 A Not in Labor Force (15+) 31, ,198 Popula on A Labor Force 62,636 A Employed 60,320 A Unemployed 2,316 A Under 15 23,509 Educa onal A ainment Concerning educa onal a ainment, 13.8% of Allegan County, MI residents possess a Bachelor's Degree (4.8% below the na onal average), and 9.0% hold an Associate's Degree (1.0% above the na onal average). % of Popula on Popula on A Less Than 9th Grade 4.2% 3,322 A 9th Grade to 12th Grade 5.8% 4,652 A High School Diploma 37.8% 30,119 A Some College 22.4% 17,864 A Associate's Degree 9.0% 7,147 A Bachelor's Degree 13.8% 10,985 A Graduate Degree and Higher 7.0% 5,595 Emsi Q Data Set 2
5 Historic & Projected Trends Popula on Trends Economy Overview As of 2018 the region's popula on increased by 4.7% since 2013, growing by 5,247. Popula on is expected to increase by 3.1% between 2018 and 2023, adding 3,622. Timeframe Popula on , , , , , , , , , , ,819 Emsi Q Data Set 3
6 Historic & Projected Trends - Cont. Job Trends Economy Overview From 2013 to 2018, jobs increased by 6.1% in Allegan County, MI from 40,809 to 43,311. This change fell short of the na onal growth rate of 7.4% by 1.3%. Timeframe Jobs , , , , , , , , , , ,703 Emsi Q Data Set 4
7 Historic & Projected Trends - Cont. Labor Force Par cipa on Rate Trends Timeframe Labor Force Par cipa on Rate % % % % % January - April % May % June % July % Emsi Q Data Set 5
8 Historic & Projected Trends - Cont. Unemployment Rate Trends Allegan County, MI had a July 2018 unemployment rate of 3.70%, decreasing from 6.68% 5 years before. Timeframe Unemployment Rate % % % % % January - April % May % June % July % Emsi Q Data Set 6
9 Popula on Characteris cs 20,296 35,428 13,499 Millennials Re ring Soon Racial Diversity Allegan County, MI has 20,296 millennials (ages 20-34). The na onal average for an area this size is 24,119. Re rement risk is about average in Allegan County, MI. The na onal average for an area this size is 33,197 people 55 or older, while there are 35,428 here. Racial diversity is low in Allegan County, MI. The na onal average for an area this size is 45,733 racially diverse people, while there are 13,499 here. 6, /1, /1,000 Veterans Violent Crime Property Crime Allegan County, MI has 6,265 veterans. The na onal average for an area this size is 6,944. Allegan County, MI has 2.08 violent crimes per 1,000 people. The na onal rate is 3.75 per 1,000 people. Allegan County, MI has property crimes per 1,000 people. The na onal rate is per 1,000 people. Emsi Q Data Set 7
10 Popula on Characteris cs - Cont. Place of Work vs Place of Residence Understanding where talent in Allegan County, MI currently works compared to where talent lives can help you op mize site decisions. High Inbound Commuters High Outbound Commuters Where Talent Works Where Talent Lives ZIP Name 2018 Employment ZIP Name 2018 Workers Allegan, MI (in Allegan 9, Plainwell, MI (in Allega 8, Wayland, MI (in Allega 5, Otsego, MI (in Allegan 3, Hopkins, MI (in Allegan 3, Allegan, MI (in Allegan 9, Plainwell, MI (in Allega 9, Wayland, MI (in Allega 7, Dorr, MI (in Allegan co 6, Otsego, MI (in Allegan 5,248 Emsi Q Data Set 8
11 Industry Characteris cs Largest Industries Industry Jobs Na onal Average Manufacturing Government Retail Trade Construc on Accommoda on and Food Services Agriculture, Forestry, Fishing and Hun ng Health Care and Social Assistance Administra ve and Support and Waste Management and Remedia on Services Other Services (except Public Administra on) Wholesale Trade Transporta on and Warehousing Professional, Scien fic, and Technical Services Educa onal Services Arts, Entertainment, and Recrea on Finance and Insurance Real Estate and Rental and Leasing Informa on U li es Management of Companies and Enterprises Mining, Quarrying, and Oil and Gas Extrac on 0 2,000 4,000 6,000 8,000 10,000 12,000 Emsi Q Data Set 9
12 Industry Characteris cs - Cont. Top Growing Industries Industry Jobs Growth Manufacturing Construc on Wholesale Trade Professional, Scien fic, and Technical Services Agriculture, Forestry, Fishing and Hun ng Government Transporta on and Warehousing Accommoda on and Food Services Educa onal Services Arts, Entertainment, and Recrea on Finance and Insurance Other Services (except Public Administra on) Management of Companies and Enterprises U li es Real Estate and Rental and Leasing Emsi Q Data Set 10
13 Industry Characteris cs - Cont. Top Industry LQ Industry LQ Agriculture, Forestry, Fishing and Hun ng Manufacturing Construc on Wholesale Trade Transporta on and Warehousing Other Services (except Public Administra on) Retail Trade Government Accommoda on and Food Services d Support and Waste Management and Remedia on Services Arts, Entertainment, and Recrea on U li es Educa onal Services Real Estate and Rental and Leasing Health Care and Social Assistance Professional, Scien fic, and Technical Services Finance and Insurance Informa on Mining, Quarrying, and Oil and Gas Extrac on Management of Companies and Enterprises Emsi Q Data Set 11
14 Industry Characteris cs - Cont. Top Industry GRP 2017 Gross Regional Product Manufacturing Government Wholesale Trade Construc on Retail Trade Agriculture, Forestry, Fishing and Hun ng Transporta on and Warehousing Real Estate and Rental and Leasing Health Care and Social Assistance d Support and Waste Management and Remedia on Services Professional, Scien fic, and Technical Services Other Services (except Public Administra on) Accommoda on and Food Services Finance and Insurance U li es Management of Companies and Enterprises Informa on Educa onal Services Arts, Entertainment, and Recrea on Mining, Quarrying, and Oil and Gas Extrac on $0.000 $500.0M $1.000B $1.500B $2.000B Emsi Q Data Set 12
15 Industry Characteris cs - Cont. Top Industry Earnings 2018 Earnings Per Worker Management of Companies and Enterprises U li es Manufacturing Finance and Insurance Wholesale Trade Mining, Quarrying, and Oil and Gas Extrac on Transporta on and Warehousing Government Professional, Scien fic, and Technical Services Construc on Health Care and Social Assistance Real Estate and Rental and Leasing Informa on Agriculture, Forestry, Fishing and Hun ng d Support and Waste Management and Remedia on Services Retail Trade Educa onal Services Other Services (except Public Administra on) Arts, Entertainment, and Recrea on Accommoda on and Food Services $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 Emsi Q Data Set 13
16 Industry Characteris cs - Cont. Industry 2013 Jobs 2018 Jobs Change in Jobs % Change in Jobs 2018 LQ 2018 Earnings Per Worker 2017 GRP Manufacturing 12,292 12, % 3.79 $78,207 $2.16B Government 4,862 5, % 0.79 $59,757 $327.80M Retail Trade 3,670 3, % 0.80 $36,191 $237.16M Construc on 2,758 3, % 1.32 $53,923 $254.81M Accommoda on and Food Services Agriculture, Forestry, Fishing and Hun ng 2,675 2, % 0.78 $19,577 $89.26M 2,187 2, % 4.90 $37,490 $191.27M Health Care and Social Assistance 2,329 2, % 0.41 $45,339 $121.01M Administra ve and Support and Waste Management and Remedia on Services Other Services (except Public Administra on) 2,509 2, % 0.78 $36,775 $112.52M 1,971 2, % 0.96 $30,944 $94.44M Wholesale Trade 1,412 1, % 1.11 $64,407 $283.76M Transporta on and Warehousing 1,270 1, % 0.99 $61,103 $136.48M Professional, Scien fic, and Technical Services 746 1, % 0.39 $55,456 $99.14M Educa onal Services % 0.50 $31,881 $20.38M Arts, Entertainment, and Recrea on % 0.73 $23,479 $17.04M Finance and Insurance % 0.29 $66,598 $75.66M Real Estate and Rental and Leasing % 0.48 $42,147 $126.92M Informa on % 0.18 $37,805 $23.28M U li es % 0.71 $133,551 $45.81M Management of Companies and Enterprises % 0.16 $341,899 $35.02M Emsi Q Data Set 14
17 Industry Characteris cs - Cont. Industry 2013 Jobs 2018 Jobs Change in Jobs % Change in Jobs 2018 LQ 2018 Earnings Per Worker 2017 GRP Mining, Quarrying, and Oil and Gas Extrac on % 0.17 $63,851 $10.68M Emsi Q Data Set 15
18 Business Characteris cs 5,282 Companies Employ Your Workers Online profiles for your workers men on 5,282 companies as employers, with the top 10 appearing below. In the last 12 months, 1,004 companies in Allegan County, MI posted job pos ngs, with the top 10 appearing below. Top Companies Profiles Top Companies Pos ng Unique Pos ngs Perrigo Company 329 Spectrum Health System 91 Allegan General Hospital 80 Gun Lake Diner 53 Parker-Hannifin Corpora on 53 Haworth, Inc. 51 Meijer, Inc. 47 Stryker Corpora on 47 Allegan Public School District 37 ManpowerGroup 36 CRST Interna onal, Inc. 1,025 Ly, Inc. 449 Dollar General Corpora on 282 Perrigo Company 267 Allegan Area Educa onal Servi 254 Tutree, Inc. 223 Koch Trucking, Inc. 180 U. S. Xpress, Inc. 178 C.R. England, Inc. 177 Heartland Express, Inc. 163 Emsi Q Data Set 16
19 Business Characteris cs - Cont. Business Size Percentage Business Count A 1 to 4 employees 36.2% 1,287 A 5 to 9 employees 25.1% 893 A 10 to 19 employees 20.6% 731 A 20 to 49 employees 13.1% 464 A 50 to 99 employees 3.3% 117 A 100 to 249 employees 1.2% 44 A 250 to 499 employees 0.3% 12 A 500+ employees 0.1% 4 *Business Data by DatabaseUSA.com is third-party data provided by Emsi to its customers as a convenience, and Emsi does not endorse or warrant its accuracy or consistency with other published Emsi data. In most cases, the Business Count will not match total companies with profiles on the summary tab. Emsi Q Data Set 17
20 Workforce Characteris cs Largest Occupa ons Occupa on Jobs Na onal Average Produc on Office and Administra ve Support Transporta on and Material Moving Sales and Related Food Prepara on and Serving Related Management Construc on and Extrac on Educa on, Training, and Library Installa on, Maintenance, and Repair Farming, Fishing, and Forestry Building and Grounds Cleaning and Maintenance Business and Financial Opera ons Personal Care and Service Healthcare Prac oners and Technical Architecture and Engineering Healthcare Support Protec ve Service Arts, Design, Entertainment, Sports, and Media Community and Social Service Life, Physical, and Social Science Computer and Mathema cal Legal Military-only 0 2,000 4,000 6,000 Emsi Q Data Set 18
21 Workforce Characteris cs - Cont. Top Growing Occupa ons Occupa on Jobs Growth Farming, Fishing, and Forestry Transporta on and Material Moving Construc on and Extrac on Office and Administra ve Support Food Prepara on and Serving Related Installa on, Maintenance, and Repair Produc on Architecture and Engineering Business and Financial Opera ons Sales and Related Management Educa on, Training, and Library Arts, Design, Entertainment, Sports, and Media Community and Social Service Protec ve Service Personal Care and Service Computer and Mathema cal Legal Emsi Q Data Set 19
22 Workforce Characteris cs - Cont. Top Occupa on LQ Occupa on LQ Farming, Fishing, and Forestry Produc on Architecture and Engineering Construc on and Extrac on Transporta on and Material Moving Installa on, Maintenance, and Repair Life, Physical, and Social Science Management Food Prepara on and Serving Related Educa on, Training, and Library Sales and Related Building and Grounds Cleaning and Maintenance Office and Administra ve Support Arts, Design, Entertainment, Sports, and Media Community and Social Service Personal Care and Service Protec ve Service Business and Financial Opera ons Healthcare Support Healthcare Prac oners and Technical Military-only Computer and Mathema cal Legal Emsi Q Data Set 20
23 Workforce Characteris cs - Cont. Top Occupa on Earnings 2017 Avg. Hourly Earnings Management Architecture and Engineering Healthcare Prac oners and Technical Computer and Mathema cal Legal Business and Financial Opera ons Life, Physical, and Social Science Educa on, Training, and Library Protec ve Service Military-only Installa on, Maintenance, and Repair Community and Social Service Construc on and Extrac on Arts, Design, Entertainment, Sports, and Media Sales and Related Office and Administra ve Support Produc on Transporta on and Material Moving Healthcare Support Farming, Fishing, and Forestry Building and Grounds Cleaning and Maintenance Personal Care and Service Food Prepara on and Serving Related $0.00 $10.00 $20.00 $30.00 Emsi Q Data Set 21
24 Workforce Characteris cs - Cont. Top Posted Occupa ons Unique Average Monthly Pos ngs Transporta on and Material Moving Sales and Related Healthcare Prac oners and Technical Office and Administra ve Support Produc on Educa on, Training, and Library Management Business and Financial Opera ons Food Prepara on and Serving Related Healthcare Support Installa on, Maintenance, and Repair Personal Care and Service Architecture and Engineering Arts, Design, Entertainment, Sports, and Media Community and Social Service Building and Grounds Cleaning and Maintenance Construc on and Extrac on Computer and Mathema cal Life, Physical, and Social Science Protec ve Service Farming, Fishing, and Forestry Legal Emsi Q Data Set 22
25 Workforce Characteris cs - Cont. Occupa on 2013 Jobs 2018 Jobs Change in Jobs % Change in Jobs 2018 LQ 2017 Avg. Hourly Earnings Dec Nov 2018 Unique Average Monthly Pos ngs Produc on 7,717 7, % 3.14 $ Office and Administra ve Support Transporta on and Material Moving 4,861 5, % 0.80 $ ,382 3, % 1.26 $ Sales and Related 3,504 3, % 0.83 $ Food Prepara on and Serving Related 2,935 3, % 0.87 $ Management 2,464 2, % 1.05 $ Construc on and Extrac on Educa on, Training, and Library Installa on, Maintenance, and Repair Farming, Fishing, and Forestry Building and Grounds Cleaning and Maintenance Business and Financial Opera ons Personal Care and Service Healthcare Prac oners and Technical Architecture and Engineering 2,226 2, % 1.26 $ ,043 2, % 0.86 $ ,911 2, % 1.25 $ ,019 1, % 4.14 $ ,385 1, % 0.83 $ ,060 1, % 0.55 $ ,149 1, % 0.64 $ ,176 1, % 0.49 $ , % 1.38 $ Healthcare Support % 0.55 $ Protec ve Service % 0.63 $ Emsi Q Data Set 23
26 Workforce Characteris cs - Cont. Occupa on 2013 Jobs 2018 Jobs Change in Jobs % Change in Jobs 2018 LQ 2017 Avg. Hourly Earnings Dec Nov 2018 Unique Average Monthly Pos ngs Arts, Design, Entertainment, Sports, and Media Community and Social Service Life, Physical, and Social Science Computer and Mathema cal % 0.72 $ % 0.70 $ % 1.23 $ % 0.29 $ Legal % 0.29 $ Military-only % 0.35 $ Emsi Q Data Set 24
27 Educa onal Pipeline In 2017, there were 309 graduates in Allegan County, MI. This pipeline has remained stable (neither grown nor shrunk) over the last 5 years. The highest share of these graduates come from Nursing Assistant/Aide and Pa ent Care Assistant/Aide, "Culinary Arts and Related Services, Other", and Retailing and Retail Opera ons. School Total Graduates (2017) Graduate Trend ( ) Michigan Career and Technical Ins tute 309 Cer ficate Associate's Bachelor's Master's or Higher Emsi Q Data Set 25
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