CITY OF MOSCOW COMMUNITY DEVELOPMENT DEPARTMENT REPORT
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1 CITY OF MOSCOW COMMUNITY DEVELOPMENT DEPARTMENT REPORT June 11, 2014
2 Community Development Department Responsible for the administration of land development and construction activities within the City Includes two divisions Planning Building Also support other City functions Economic Development Grant writing Code administration Special Projects
3 National Economic Trends 8.7 million jobs lost during the Great Recession North Dakota and Alaska lost no jobs during the recession and have continued growing since Of the other 48 states, 12 regained prerecession job levels by September 2013 May 2014 national employment has recovered to 2008 levels
4 Business Cycle April 2009 Source: Economy.com
5 Business Cycle April 2012 Source: Economy.com
6 Business Cycle April 2013 Source: Economy.com
7 Business Cycle Nov Source: Economy.com
8 Business Cycle Mar Source: Economy.com
9 State Economic Trends June 2014 Idaho Department of Labor, Idaho Employment Report Through the 12 months that ended in September 2013, Idaho recovered 21,000 of the 56,000 jobs it lost to the recession While that recovery rate was 40th among the states, it underscored the slow job growth the state experienced during the first several years following the recession Idaho should reach its prerecession job levels in the first half of 2015, however the mix of jobs based on average wage has changed 2014 Idaho ranked 49 th in per capita earnings only ahead of Montana and behind Mississippi and Arkansas Source: Idaho Department of Labor Report vol. 26.6
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11 State Economic Trends Source: Idaho Department of Labor Report vol. 26.6
12 Idaho s MSAs Source: Economy.com Boise City-Nampa, ID Expansion Coeur d Alene, ID Recovering Idaho Falls, ID Recovering Lewiston, ID-WA Recovering Pocatello, ID Recovering
13 Regional Trends
14 Latah County Employment NAICS 2013 Avg. Description 2003 Jobs 2013 Jobs Change % Change Code Earnings Per Job 11 Agriculture, Forestry, Fishing and Hunting % $57, Mining, Quarrying, and Oil and Gas Extraction < $58, Utilities <10 < Construction (20) (5%) $36, Manufacturing % $55, Wholesale Trade % $51, Retail Trade 2,125 1,971 (154) (7%) $25, Transportation and Warehousing (20) (21%) $43, Information (78) (37%) $41, Finance and Insurance (23) (8%) $47, Real Estate and Rental and Leasing (4) (3%) $24, Professional, Scientific, and Technical Services (305) (39%) $48, Management of Companies and Enterprises % $57, Administrative and Support and Waste Management and Remediation Services % $35, Educational Services (Private) % $22, Health Care and Social Assistance 1,273 1, % $35, Arts, Entertainment, and Recreation % $12, Accommodation and Food Services 1,561 1, % $13, Other Services (except Public Administration) (126) (35%) $29, Government 4,931 4,818 (113) (2%) $57, Unclassified Industry % $0 Total 13,409 13,212 (197) (1%) $41,732 Source: QCEW Employees - EMSI Class of Worker
15 Whitman County Employment NAICS 2013 Avg. Description 2003 Jobs 2013 Jobs Change % Change Code Earnings Per Job 11 Agriculture, Forestry, Fishing and Hunting % $30, Mining, Quarrying, and Oil and Gas Extraction <10 < Utilities (3) (4%) $132, Construction % $47, Manufacturing 844 2,277 1, % $73, Wholesale Trade (23) (4%) $64, Retail Trade 1,133 1, % $27, Transportation and Warehousing (65) (23%) $46, Information (40) (24%) $26, Finance and Insurance (188) (53%) $51, Real Estate and Rental and Leasing % $25, Professional, Scientific, and Technical Services (66) (20%) $44, Management of Companies and Enterprises 15 < Administrative and Support and Waste Management and Remediation Services % $33, Educational Services (Private) <10 < Health Care and Social Assistance 1,061 1, % $39, Arts, Entertainment, and Recreation % $19, Accommodation and Food Services 1,275 1, % $14, Other Services (except Public Administration) % $24, Government 7,639 7, % $65, Unclassified Industry % $0 Total 15,192 17,331 2,139 14% $53,212 Source: QCEW Employees - EMSI Class of Worker
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17 Projected Employment Growth Latah County 5.4% Nez Perce County 2.9% Kootenai County 5.4% State of Idaho 5.6% Whitman County 9.1% Source: EMSI
18 +16% over last 3 years
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23 WSU and U of I Enrollment +11% -5%
24 Economic Strength (Policom Methodology) The formulas used to determine economic strength measure how the economy has behaved, not what has caused it to perform. The following are the data sectors used to create the rankings.
25 Group 1 Earnings and Income These sectors reflect the overall growth in size and quality. The quality of the economy is based upon what people earn, as this influences their standard of living more than anything. All Workers - Earnings All Workers - Jobs All Workers Wages Per Capita Total Worker Earnings Per Capita Personal Income Earnings by Place of Residence Per Capita Earnings by Residences Wage & Salaried Workers - Earnings Wage & Salaried Workers - Jobs Wage & Salaried Workers - Wages
26 Group 2 Reactive Industries These sectors reflect how the economy is behaving. Small businesses and the construction and retail industries are extremely reactive to the flow of money coming into an area. They typically grow or decline in direct proportion to the condition of the economy. Non Farm Proprietors Earnings Non Farm Proprietors Jobs Non Farm Proprietors Wages Construction Worker Earnings Construction Jobs Construction Wages Retail Worker Earnings Retail Jobs Retail Wages
27 Group 3 Transfer Payments These sectors are negative sectors. Growth in these reflects a poor economy Actual Per Capita Income Maintenance (Welfare) Per Capita Income Maintenance (Welfare) Per Capita Medical Assistance for the Poor - (Medicaid) Actual Per Capita Medical Assistance for the Poor (Medicaid)
28 Rankings Idaho s MSAs Boise-Nampa MSA 177 Coeur d'alene, ID MSA 307 Idaho Falls, ID MSA 197 Lewiston, ID MSA 290 Pocatello, ID MSA Total MSAs Source: Policom
29 Rankings Idaho s McrSAs Moscow McrSA 415 Rexburg McrSA 458 Twin Falls, McrSA 290 Blackfoot McrSA 443 Burley McrSA Total McrSAs Source: Policom
30 Regional Economic Strength Index
31 Impact of University of Idaho on Local Economy University of Idaho represents approximately 50% of local economy The importance of student growth on the regional economy cannot be understated; Every student at UI creates: $57,400 in sales; $31,000 in wage and salary earnings and; ¾ of a job in the community Loss of 563 Students would equate to: $32 Million in lost sales $17 Million in lost wages 422 lost jobs Source: An Analysis of the Economic Growth of Moscow and the Regional Economy, Peterson & Pool, October 8, 2013
32 U of I Influence on Moscow
33
34 Historical Construction Activity Historical Residential Starts Average Total Units Permitted Each Year: 121units Single-Family 41 units Two-Family 14 Units Multi-Family 66 Units ,759 Residential Units Permitted (176 per year) Commercial construction average $6.1 Million per year
35 National Housing Starts
36 Housing Starts 1972-Current
37 Housing Starts Current
38 Gritman Expansion WWTP
39 Recent/Current Commercial and Community Projects Commercial Projects EMSI (Daily News Building) Renovation Revolution Motorsports new 11,000 sq. ft. facility 6 th and Jackson 3,000 sq. ft. commercial building (Jimmy Johns) Starbucks Expansion (former Sherwin Williams Building) University Inn renovations Community Projects Moscow School District renovations ($6 Million) Moscow School District Community Playfields Project ($3.2 Million) University of Idaho Capital Projects Integrated Research and Innovation Center ($49 Million) College of Education Renovation ($1.7 Million) New Aquaculture lab ($1.4 Million) Four residential subdivisions anticipated to begin development in summer/fall 2014 and spring of 2015
40 Looking Back The Great Recession has had significant impacts upon the local, regional, and national economy During the same time period, the University of Idaho has experienced reduced state funding support and enrollment, which has had a significant impact upon the Moscow s local economy Schweitzer s significant employment growth and WSU s significant enrollment growth has greatly benefited the region and has helped mitigate the impact of employment losses in other sectors
41 Looking Ahead New leadership at the University of Idaho and City Opportunity for institutional assessment and realignment Enhance collaboration as a region, as recent experience has shown, when one succeeds we all benefit as an economic region Moscow-Pullman, or is that Pullman-Moscow Airport, runway realignment and recent local match efforts Increased interest from companies seeking high quality of life areas to help retain and attract employees Go Vandals and Cougs! These institutions are incredible assets to our region
42 Thank You
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