O awa County, MI. Economy Overview. Michigan Economic Development Corpora on. 300 N. Washington Square, Lower Level Lansing, Michigan 48913
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1 O awa 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 289, ,399 $61.4K Popula on (2018) Jobs (2018) Median Household Income (2016) Popula on grew by 15,579 over the last 5 years and is projected to grow by 11,599 over the next 5 years. Jobs grew by 14,412 over the last 5 years and are projected to grow by 7,920 over the next 5 years. Median household income is $6.0K above the na onal median household income of $55.3K. As of 2018 the region's popula on increased by 5.7% since 2013, growing by 15,579. Popula on is expected to increase by 4.0% between 2018 and 2023, adding 11,599. From 2013 to 2018, jobs increased by 11.5% in O awa County, MI from 124,987 to 139,399. This change outpaced the na onal growth rate of 7.4% by 4.1%. As the number of jobs increased, the labor force par cipa on rate increased from 67.2% to 69.3% between 2013 and Concerning educa onal a ainment, 20.8% of O awa County, MI residents possess a Bachelor's Degree (2.2% above the na onal average), and 8.3% hold an Associate's Degree (0.3% above the na onal average). The top three industries in 2018 are Educa on and Hospitals (Local Government), Restaurants and Other Ea ng Places, and Semiconductor and Other Electronic Component Manufacturing. Popula on (2018) Labor Force (2018) Jobs (2018) Cost of Living GRP Imports Exports Region 289, , , $14.92B $20.65B $21.07B 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 231,518 A Not in Labor Force (15+) 71, ,401 Popula on A Labor Force 160,340 A Employed 154,920 A Unemployed 5,420 A Under 15 57,884 Educa onal A ainment Concerning educa onal a ainment, 20.8% of O awa County, MI residents possess a Bachelor's Degree (2.2% above the na onal average), and 8.3% hold an Associate's Degree (0.3% above the na onal average). % of Popula on Popula on A Less Than 9th Grade 3.7% 6,724 A 9th Grade to 12th Grade 4.8% 8,626 A High School Diploma 30.4% 55,177 A Some College 21.8% 39,495 A Associate's Degree 8.3% 15,126 A Bachelor's Degree 20.8% 37,696 A Graduate Degree and Higher 10.2% 18,533 Emsi Q Data Set 2
5 Historic & Projected Trends Popula on Trends Economy Overview As of 2018 the region's popula on increased by 5.7% since 2013, growing by 15,579. Popula on is expected to increase by 4.0% between 2018 and 2023, adding 11,599. Timeframe Popula on , , , , , , , , , , ,000 Emsi Q Data Set 3
6 Historic & Projected Trends - Cont. Job Trends Economy Overview From 2013 to 2018, jobs increased by 11.5% in O awa County, MI from 124,987 to 139,399. This change outpaced the na onal growth rate of 7.4% by 4.1%. Timeframe Jobs , , , , , , , , , , ,319 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 O awa County, MI had a July 2018 unemployment rate of 3.38%, decreasing from 6.09% 5 years before. Timeframe Unemployment Rate % % % % % January - April % May % June % July % Emsi Q Data Set 6
9 Popula on Characteris cs 61,007 76,162 46,029 Millennials Re ring Soon Racial Diversity O awa County, MI has 61,007 millennials (ages 20-34). The na onal average for an area this size is 59,308. Re rement risk is about average in O awa County, MI. The na onal average for an area this size is 81,633 people 55 or older, while there are 76,162 here. Racial diversity is low in O awa County, MI. The na onal average for an area this size is 112,457 racially diverse people, while there are 46,029 here. 13, /1, /1,000 Veterans Violent Crime Property Crime O awa County, MI has 13,992 veterans. The na onal average for an area this size is 17,108. O awa County, MI has 2.37 violent crimes per 1,000 people. The na onal rate is 3.75 per 1,000 people. O awa County, MI has 13.5 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 O awa County, MI currently works compared to where talent lives can help you op mize site decisions. For example, the #1 ranked ZIP for employment ranks #2 for resident workers. The top ZIP for resident workers is High Inbound Commuters High Outbound Commuters Where Talent Works Where Talent Lives ZIP Name 2018 Employment ZIP Name 2018 Workers Holland, MI (in O awa 28, Holland, MI (in O awa 24, Zeeland, MI (in O awa 17, Grand Haven, MI (in O 16, Spring Lake, MI (in O 13, Holland, MI (in O awa 23, Holland, MI (in O awa 22, Hudsonville, MI (in O 20, Grand Haven, MI (in O 16, Jenison, MI (in O awa 14,590 Emsi Q Data Set 8
11 Industry Characteris cs Largest Industries Industry Jobs Na onal Average Manufacturing Government Retail Trade Accommoda on and Food Services Health Care and Social Assistance Administra ve and Support and Waste Management and Remedia on Services Construc on Other Services (except Public Administra on) Agriculture, Forestry, Fishing and Hun ng Professional, Scien fic, and Technical Services Wholesale Trade Educa onal Services Finance and Insurance Transporta on and Warehousing Real Estate and Rental and Leasing Arts, Entertainment, and Recrea on Informa on U li es Management of Companies and Enterprises Mining, Quarrying, and Oil and Gas Extrac on 0 10,000 20,000 30,000 40,000 Emsi Q Data Set 9
12 Industry Characteris cs - Cont. Top Growing Industries Industry Jobs Growth Manufacturing Retail Trade Construc on Government Other Services (except Public Administra on) U li es Accommoda on and Food Services Professional, Scien fic, and Technical Services Health Care and Social Assistance Real Estate and Rental and Leasing Educa onal Services Arts, Entertainment, and Recrea on d Support and Waste Management and Remedia on Services Informa on Transporta on and Warehousing Management of Companies and Enterprises Mining, Quarrying, and Oil and Gas Extrac on Wholesale Trade 0 2,000 4,000 6,000 Emsi Q Data Set 10
13 Industry Characteris cs - Cont. Top Industry LQ Industry LQ Manufacturing Agriculture, Forestry, Fishing and Hun ng U li es Educa onal Services Other Services (except Public Administra on) d Support and Waste Management and Remedia on Services Construc on Wholesale Trade Accommoda on and Food Services Retail Trade Government Real Estate and Rental and Leasing Professional, Scien fic, and Technical Services Health Care and Social Assistance Arts, Entertainment, and Recrea on Transporta on and Warehousing Finance and Insurance Informa on Management of Companies and Enterprises Mining, Quarrying, and Oil and Gas Extrac on Emsi Q Data Set 11
14 Industry Characteris cs - Cont. Top Industry GRP 2017 Gross Regional Product Manufacturing Government Retail Trade Wholesale Trade Construc on Finance and Insurance Health Care and Social Assistance Professional, Scien fic, and Technical Services Real Estate and Rental and Leasing d Support and Waste Management and Remedia on Services Other Services (except Public Administra on) Accommoda on and Food Services Agriculture, Forestry, Fishing and Hun ng U li es Transporta on and Warehousing Informa on Educa onal Services Arts, Entertainment, and Recrea on Management of Companies and Enterprises Mining, Quarrying, and Oil and Gas Extrac on $0.000 $1.000B $2.000B $3.000B $4.000B $5.000B $6.000B Emsi Q Data Set 12
15 Industry Characteris cs - Cont. Top Industry Earnings 2018 Earnings Per Worker U li es Management of Companies and Enterprises Finance and Insurance Informa on Manufacturing Wholesale Trade Mining, Quarrying, and Oil and Gas Extrac on Government Professional, Scien fic, and Technical Services Transporta on and Warehousing Construc on Real Estate and Rental and Leasing Health Care and Social Assistance Retail Trade Educa onal Services Agriculture, Forestry, Fishing and Hun ng d Support and Waste Management and Remedia on Services Other Services (except Public Administra on) Arts, Entertainment, and Recrea on Accommoda on and Food Services $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 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 33,900 41,894 7, % 3.83 $74,385 $6.35B Government 15,438 16, % 0.77 $68,321 $1.15B Retail Trade 9,880 11,087 1, % 0.78 $36,349 $748.93M Accommoda on and Food Services 9,152 9, % 0.81 $20,067 $293.81M Health Care and Social Assistance 8,954 9, % 0.53 $43,461 $498.60M Administra ve and Support and Waste Management and Remedia on Services 8,487 8, % 0.99 $30,171 $354.94M Construc on 5,957 7,133 1, % 0.93 $54,711 $588.37M Other Services (except Public Administra on) Agriculture, Forestry, Fishing and Hun ng Professional, Scien fic, and Technical Services 6,150 6, % 1.02 $30,070 $296.69M 5,996 5, % 3.59 $31,459 $292.46M 4,365 4, % 0.54 $65,433 $480.91M Wholesale Trade 4,379 4, % 0.85 $72,300 $729.11M Educa onal Services 3,587 3, % 1.04 $35,856 $156.50M Finance and Insurance 2,772 2, % 0.46 $81,069 $568.64M Transporta on and Warehousing 2,440 2, % 0.51 $62,902 $259.13M Real Estate and Rental and Leasing 1,162 1, % 0.58 $43,906 $441.09M Arts, Entertainment, and Recrea on 1,091 1, % 0.52 $23,679 $46.91M Informa on % 0.33 $77,148 $221.26M U li es % 1.17 $144,860 $277.78M Management of Companies and Enterprises % 0.15 $98,759 $31.67M 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 % 0.10 $70,300 $18.57M Emsi Q Data Set 15
18 Business Characteris cs 15,290 Companies Employ Your Workers Online profiles for your workers men on 15,290 companies as employers, with the top 10 appearing below. In the last 12 months, 2,614 companies in O awa County, MI posted job pos ngs, with the top 10 appearing below. Top Companies Profiles Top Companies Pos ng Unique Pos ngs Spectrum Health System 566 Grand Valley State University 519 Holland Community Hospital 468 Gentex Corpora on 462 Herman Miller, Inc. 391 Haworth, Inc. 375 Johnson Controls, Inc. 349 Hope College 317 Meijer, Inc. 221 Shape Corp. 203 CRST Interna onal, Inc. 957 Spartannash Company 738 Ly, Inc. 656 Herman Miller, Inc. 572 Meijer, Inc. 518 Shipt LLC 392 Adecco Group 339 Grand Valley State University 316 Pizza Hut, Inc. 282 Holland 281 Emsi Q Data Set 16
19 Business Characteris cs - Cont. Business Size Percentage Business Count A 1 to 4 employees 33.5% 2,878 A 5 to 9 employees 26.7% 2,291 A 10 to 19 employees 21.7% 1,866 A 20 to 49 employees 12.5% 1,070 A 50 to 99 employees 3.4% 291 A 100 to 249 employees 1.6% 134 A 250 to 499 employees 0.5% 39 A 500+ employees 0.2% 18 *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 Sales and Related Transporta on and Material Moving Food Prepara on and Serving Related Educa on, Training, and Library Management Building and Grounds Cleaning and Maintenance Installa on, Maintenance, and Repair Construc on and Extrac on Architecture and Engineering Business and Financial Opera ons Healthcare Prac oners and Technical Personal Care and Service Farming, Fishing, and Forestry Arts, Design, Entertainment, Sports, and Media Healthcare Support Computer and Mathema cal Community and Social Service Protec ve Service Life, Physical, and Social Science Legal Military-only 0 5,000 10,000 15,000 20,000 Emsi Q Data Set 18
21 Workforce Characteris cs - Cont. Top Growing Occupa ons Occupa on Jobs Growth Produc on Architecture and Engineering Installa on, Maintenance, and Repair Office and Administra ve Support Transporta on and Material Moving Sales and Related Construc on and Extrac on Business and Financial Opera ons Building and Grounds Cleaning and Maintenance Food Prepara on and Serving Related Educa on, Training, and Library Management Personal Care and Service Arts, Design, Entertainment, Sports, and Media Healthcare Prac oners and Technical Community and Social Service Computer and Mathema cal Farming, Fishing, and Forestry Life, Physical, and Social Science Protec ve Service 0 1,000 2,000 3,000 4,000 Emsi Q Data Set 19
22 Workforce Characteris cs - Cont. Top Occupa on LQ Occupa on LQ Produc on Farming, Fishing, and Forestry Architecture and Engineering Building and Grounds Cleaning and Maintenance Transporta on and Material Moving Arts, Design, Entertainment, Sports, and Media Installa on, Maintenance, and Repair Educa on, Training, and Library Management Construc on and Extrac on Food Prepara on and Serving Related Community and Social Service Sales and Related Office and Administra ve Support Business and Financial Opera ons Healthcare Support Life, Physical, and Social Science Personal Care and Service Healthcare Prac oners and Technical Computer and Mathema cal Protec ve Service Military-only Legal Emsi Q Data Set 20
23 Workforce Characteris cs - Cont. Top Occupa on Earnings 2017 Avg. Hourly Earnings Management Healthcare Prac oners and Technical Legal Architecture and Engineering Computer and Mathema cal Business and Financial Opera ons Life, Physical, and Social Science Educa on, Training, and Library Military-only Protec ve Service Community and Social Service Installa on, Maintenance, and Repair Sales and Related Construc on and Extrac on Arts, Design, Entertainment, Sports, and Media Produc on Office and Administra ve Support Transporta on and Material Moving Healthcare Support Building and Grounds Cleaning and Maintenance Farming, Fishing, and Forestry Personal Care and Service Food Prepara on and Serving Related $0.00 $10.00 $20.00 $30.00 $40.00 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 Office and Administra ve Support Produc on Food Prepara on and Serving Related Management Healthcare Prac oners and Technical Architecture and Engineering Business and Financial Opera ons Installa on, Maintenance, and Repair Educa on, Training, and Library Personal Care and Service Computer and Mathema cal Healthcare Support Building and Grounds Cleaning and Maintenance Arts, Design, Entertainment, Sports, and Media Construc on and Extrac on Protec ve Service Community and Social Service Life, Physical, and Social Science Legal Farming, Fishing, and Forestry ,000 1,200 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 20,648 24,745 4, % 3.05 $ Office and Administra ve Support 15,260 16, % 0.79 $ Sales and Related 10,462 11, % 0.81 $ Transporta on and Material Moving Food Prepara on and Serving Related Educa on, Training, and Library 9,124 9, % 1.07 $ ,290 9,444 9, % 0.85 $ ,667 8, % 1.02 $ Management 7,493 7, % 1.02 $ Building and Grounds Cleaning and Maintenance Installa on, Maintenance, and Repair Construc on and Extrac on Architecture and Engineering Business and Financial Opera ons Healthcare Prac oners and Technical Personal Care and Service Farming, Fishing, and Forestry Arts, Design, Entertainment, Sports, and Media 6,020 6, % 1.29 $ ,776 5,810 1, % 1.06 $ ,886 5, % 0.89 $ ,848 5,083 1, % 2.16 $ ,234 4, % 0.68 $ ,172 4, % 0.58 $ ,297 3, % 0.62 $ ,829 3, % 2.91 $ ,319 2, % 1.06 $ 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 Healthcare Support Computer and Mathema cal Community and Social Service Protec ve Service Life, Physical, and Social Science 2,670 2, % 0.68 $ ,732 2, % 0.50 $ ,600 1, % 0.82 $ ,299 1, % 0.43 $ % 0.65 $ Legal % 0.29 $ Military-only % 0.29 $ Emsi Q Data Set 24
27 Educa onal Pipeline In 2017, there were 7,314 graduates in O awa County, MI. This pipeline has grown by 7% over the last 5 years. The highest share of these graduates come from "Psychology, General", Pre-Medicine/Pre-Medical Studies, and Registered Nursing/Registered Nurse. School Total Graduates (2017) Graduate Trend ( ) Grand Valley State University 6,412 Hope College 841 French Academy of Cosmetology 43 Western Theological Seminary 18 Cer ficate Associate's Bachelor's Master's or Higher Emsi Q Data Set 25
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