Allegan County, MI Michigan Economic Development Corpora on 300 N. Washington Square, Lower Level Lansing, Michigan 48913 Emsi Q4 2018 Data Set www.economicmodeling.com
Contents. Economy........ Overview......................................................................................... 1... Historic.......&.. Projected......... Trends............................................................................... 3... Popula on......... Characteris cs........................................................................................ 7... Industry....... Characteris cs.......................................................................................... 9... Business........ Characteris cs........................................................................................ 16... Workforce........... Characteris cs...................................................................................... 18... Educa onal........... Pipeline...................................................................................... 25... Emsi Q4 2018 Data Set www.economicmodeling.com
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 2018. 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 43,311 91.5 $4.88B $7.47B $6.41B State 9,970,606 4,950,181 4,704,127 90.6 $507.06B $432.35B $494.63B Na on 328,038,851 163,733,789 161,636,598 100.0 $19.28T $0 $8.38T Emsi Q4 2018 Data Set www.economicmodeling.com 1
Economy Overview - Cont. 2018 Labor Force Breakdown Popula on A Total Working Age Popula on 93,689 A Not in Labor Force (15+) 31,053 117,198 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 Q4 2018 Data Set www.economicmodeling.com 2
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 2013 111,951 2014 113,296 2015 114,092 2016 114,961 2017 116,452 2018 117,198 2019 118,047 2020 118,830 2021 119,551 2022 120,212 2023 120,819 Emsi Q4 2018 Data Set www.economicmodeling.com 3
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 2013 40,809 2014 41,284 2015 42,181 2016 42,816 2017 42,956 2018 43,311 2019 44,042 2020 44,624 2021 45,108 2022 45,509 2023 45,703 Emsi Q4 2018 Data Set www.economicmodeling.com 4
Historic & Projected Trends - Cont. Labor Force Par cipa on Rate Trends Timeframe Labor Force Par cipa on Rate 2013 65.26% 2014 66.19% 2015 66.37% 2016 66.65% 2017 65.86% January - April 2018 65.40% May 2018 66.34% June 2018 67.04% July 2018 66.86% Emsi Q4 2018 Data Set www.economicmodeling.com 5
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 2013 6.68% 2014 5.43% 2015 4.14% 2016 3.90% 2017 3.85% January - April 2018 4.23% May 2018 3.11% June 2018 3.41% July 2018 3.70% Emsi Q4 2018 Data Set www.economicmodeling.com 6
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. 6,265 2.08/1,000 10.61/1,000 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 10.61 property crimes per 1,000 people. The na onal rate is 24.21 per 1,000 people. Emsi Q4 2018 Data Set www.economicmodeling.com 7
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 49010 Allegan, MI (in Allegan 9,169 49080 Plainwell, MI (in Allega 8,830 49348 Wayland, MI (in Allega 5,909 49078 Otsego, MI (in Allegan 3,356 49328 Hopkins, MI (in Allegan 3,164 49010 Allegan, MI (in Allegan 9,738 49080 Plainwell, MI (in Allega 9,223 49348 Wayland, MI (in Allega 7,713 49323 Dorr, MI (in Allegan co 6,179 49078 Otsego, MI (in Allegan 5,248 Emsi Q4 2018 Data Set www.economicmodeling.com 8
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 Q4 2018 Data Set www.economicmodeling.com 9
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 0 100 200 300 400 500 600 Emsi Q4 2018 Data Set www.economicmodeling.com 10
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 0.00 1.00 2.00 3.00 4.00 Emsi Q4 2018 Data Set www.economicmodeling.com 11
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 Q4 2018 Data Set www.economicmodeling.com 12
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 Q4 2018 Data Set www.economicmodeling.com 13
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 12,896 604 +5% 3.79 $78,207 $2.16B Government 4,862 5,167 305 +6% 0.79 $59,757 $327.80M Retail Trade 3,670 3,542-128 -3% 0.80 $36,191 $237.16M Construc on 2,758 3,150 392 +14% 1.32 $53,923 $254.81M Accommoda on and Food Services Agriculture, Forestry, Fishing and Hun ng 2,675 2,908 233 +9% 0.78 $19,577 $89.26M 2,187 2,540 353 +16% 4.90 $37,490 $191.27M Health Care and Social Assistance 2,329 2,233-96 -4% 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 2,098-411 -16% 0.78 $36,775 $112.52M 1,971 2,006 35 +2% 0.96 $30,944 $94.44M Wholesale Trade 1,412 1,797 385 +27% 1.11 $64,407 $283.76M Transporta on and Warehousing 1,270 1,517 247 +19% 0.99 $61,103 $136.48M Professional, Scien fic, and Technical Services 746 1,104 358 +48% 0.39 $55,456 $99.14M Educa onal Services 414 560 146 +35% 0.50 $31,881 $20.38M Arts, Entertainment, and Recrea on 447 542 95 +21% 0.73 $23,479 $17.04M Finance and Insurance 450 498 48 +11% 0.29 $66,598 $75.66M Real Estate and Rental and Leasing 348 354 6 +2% 0.48 $42,147 $126.92M Informa on 190 143-47 -25% 0.18 $37,805 $23.28M U li es 89 106 17 +19% 0.71 $133,551 $45.81M Management of Companies and Enterprises 63 96 33 +52% 0.16 $341,899 $35.02M Emsi Q4 2018 Data Set www.economicmodeling.com 14
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 33 31-2 -6% 0.17 $63,851 $10.68M Emsi Q4 2018 Data Set www.economicmodeling.com 15
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 Q4 2018 Data Set www.economicmodeling.com 16
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 Q4 2018 Data Set www.economicmodeling.com 17
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 Q4 2018 Data Set www.economicmodeling.com 18
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 0 50 100 150 200 250 300 Emsi Q4 2018 Data Set www.economicmodeling.com 19
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 0.00 1.00 2.00 3.00 4.00 Emsi Q4 2018 Data Set www.economicmodeling.com 20
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 Q4 2018 Data Set www.economicmodeling.com 21
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 0 200 400 600 Emsi Q4 2018 Data Set www.economicmodeling.com 22
Workforce Characteris cs - Cont. Occupa on 2013 Jobs 2018 Jobs Change in Jobs % Change in Jobs 2018 LQ 2017 Avg. Hourly Earnings Dec 2017 - Nov 2018 Unique Average Monthly Pos ngs Produc on 7,717 7,917 200 +3% 3.14 $16.90 109 Office and Administra ve Support Transporta on and Material Moving 4,861 5,105 244 +5% 0.80 $17.57 110 3,382 3,665 283 +8% 1.26 $16.53 753 Sales and Related 3,504 3,590 86 +2% 0.83 $19.01 229 Food Prepara on and Serving Related 2,935 3,154 219 +7% 0.87 $11.72 83 Management 2,464 2,547 83 +3% 1.05 $36.69 88 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 2,482 256 +12% 1.26 $19.35 22 2,043 2,126 83 +4% 0.86 $22.43 97 1,911 2,118 207 +11% 1.25 $21.64 69 1,019 1,367 348 +34% 4.14 $14.02 9 1,385 1,324-61 -4% 0.83 $13.55 28 1,060 1,232 172 +16% 0.55 $31.05 84 1,149 1,195 46 +4% 0.64 $12.59 52 1,176 1,170-6 -1% 0.49 $34.98 146 830 1,010 180 +22% 1.38 $35.43 37 Healthcare Support 690 645-45 -7% 0.55 $14.48 73 Protec ve Service 562 618 56 +10% 0.63 $22.09 12 Emsi Q4 2018 Data Set www.economicmodeling.com 23
Workforce Characteris cs - Cont. Occupa on 2013 Jobs 2018 Jobs Change in Jobs % Change in Jobs 2018 LQ 2017 Avg. Hourly Earnings Dec 2017 - 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 506 573 67 +13% 0.72 $19.27 29 443 502 59 +13% 0.70 $19.70 28 445 426-19 -4% 1.23 $28.67 18 329 362 33 +10% 0.29 $33.02 19 Legal 92 103 11 +12% 0.29 $31.73 2 Military-only 80 79-1 -1% 0.35 $21.79 0 Emsi Q4 2018 Data Set www.economicmodeling.com 24
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 (2013-2017) Michigan Career and Technical Ins tute 309 Cer ficate Associate's Bachelor's Master's or Higher Emsi Q4 2018 Data Set www.economicmodeling.com 25