2017 Economic Forum CALHOUN COUNTY CHAMBER OF COMMERCE AND VISITORS CENTER Information provided by School of Business and Industry
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Calhoun County Economy Forum National Update (Slides 3-15) State of Alabama Update (Slides 16-43) Calhoun County Update (Slides 44-115) 2
GDP % Change from Preceding Period for U.S. 1st Qtr 2014 4th Qtr 2016 6% 5% 4% 3% 2% 1% 0% -1% -2% -1.2% 4.6% 5.0% 2.3% 2.0% 1.9% 4 th Qtr 2016 2.6% 2.0% 0.9% 0.8% 2014q1 2015q1 2016q1 1.4% 3.5% 1.9% Source: U.S. Bureau of Economic Analysis Real $ Seasonally Adjusted Annual Rates 3
U.S. Industrial Production Jan 2015 Dec 2016 107 106 105 106 106 105 105 105 104 105 +.66% 12 Months 105 104 104 104 103 103 Jan-15 Jul-15 Jan-16 Jul-16 Source: Board of Governors of Federal Reserve System 104 4
Payroll Emp in 1,000s 500 Change in Total Nonfarm Payroll Employment for U.S. Jan 2014-Jan 2017 in 1,000s Jan 17 Pre +227,000 400 310 331 295 300 271 227 200 100 168 168 135 84 0 Jan 14 Jan 15 Jan 16 24 Jan 17 Source: U.S. Bureau of Labor Statistics: Seasonally Adjusted 5
Dow Jones Industrial Average (DJIA) Feb 2014 Feb 2017 21,000 19,000 +29.98% 12 Months 18,133 17,930 20,841 17,000 16,322 16,466 15,000 Feb-14 Feb-15 Feb-16 Feb-17 Source: NY Stock Exchange 6
Consumer Price Index U.S. Jan 2014-Dec 2016 245 243.0 240 237.8 238.1 237.8 239.9 235.4 235 235.2 230 Jan-14 Jan-15 Jan-16 Source: U.S. Bureau of Labor Statistics +2.1% 12 Months 7
U.S. Consumer Sentiment Jan 2014 Jan 2017 105 99 96 94 91 93 95 95 91 98 87 91 85 89 81 82 87 75 Jan-14 Jan-15 Jan-16 Jan-17 Source: University of Michigan Institute of Social Research Last 12 Months +7.06% 8
Monthly Sales for Retail & Food Services in U.S. $490 Jan 2014-Dec 2016 in $ Bill In $Billions $470 $450 $430 419 +3.62% 12 Months 447 450 436 438 458 469 $410 Jan-2014 Jan-2015 Jan-2016 Source: U.S. Census Bureau 9
Case Shiller 20-City Home Price Index Jan 2014-Dec 2016 195 185 179 179 181 184 188 188 190 175 172 170 170 168 165 Jan-14 Jan-15 Jan-16 Source: Standard and Poor s +5.50% 12 Months 10
In Millions 160 158 156 154 152 150 148 146 Labor Force U.S. 2006-2016 in Millions Seasonally Adjusted 154 154 154 153 154 152 159 157 155 155 156 06 07 08 09 10 11 12 13 14 15 16 Source: U.S. Bureau of Labor Statistics 11
Labor Force U.S. Jan Dec 2016 in Millions In Millions 160.3 159.8 159.3 158.8 158.3 158.4 158.9 +1,278,000 12 Months 159.3 158.9 158.9 158.5 Seasonally Adjusted 159.8 159.3 159.5 159.6159.5 159.6 157.8 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: U.S. Bureau of Labor Statistics 12
Employment U.S. 2006-2016 in Millions 150 Seasonally Adjusted In Millions 145 140 135 136 138 137 131 130 132 134 136 139 142 144 130 125 Source: U.S. Bureau of Labor Statistics 06 07 08 09 10 11 12 13 14 15 16 13
Employment U.S. Jan Dec 2016 in Millions In Millions 146 145 144 143 +1,989,000 12 Months 143 144 144 144 144 Seasonally Adjusted 144 144 145 145 145 145 145 142 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: U.S. Bureau of Labor Statistics 14
% Unemployed 5.3% 5.0% 4.8% 4.5% 4.3% 4.9% Unemployment Rate U.S. 4.9% Source: U.S. Bureau of Labor Statistics Jan 2016 - Jan 2017 5.0% 5.0% 4.7% 4.9% 4.9% Seasonally Adjusted 4.9% -.41% from 2015 4.9% 4.8% 4.6% 4.7% 4.8% Jan-16 Mar May Jul Sep Nov Jan-17 15
State of Alabama Economy Population Labor Force Employment Unemployment Tax Revenues 16
In Millions 4.9 4.8 4.7 4.6 4.63 Population Estimates State of Alabama 2006-2016 in Millions 4.72 4.76 4.79 4.80 4.82 4.67 4.83 4.85 4.86 4.86 4.5 Source: U.S. Census Bureau 06 07 08 09 10 11 12 13 14 15 16 17
8% 6% 4% 2% 0% -2% -4% GDP % Change from Preceding Year for State of AL Vs U.S. 2006-2015 5.8% 4.5% 3.8% 3.7% 4.1% 3.3% 4.2% 3.7% 4.9% 2.5% 1.6% 3.3% 3.8% 3.4% 2.9% 2.3% 2.3% 2.7% 1.6% US AL -2.1% 06 07 08 09 10 11 12 13 14 15 Source: U.S. Bureau of Economic Analysis: Current $ 18
6% 5% 4% 3% 2% 1% 0% GDP % Change from Previous Quarter State of AL Vs U.S. 2nd Qtr 2015-3rd Qtr 2016 4.9% 5.0% US AL 3.9% 3.7% 4.5% 2.6% 3.2% 3.2% 1.8% 3.3% 1.3% 0.5% 15Q1-Q2 15Q2-Q3 15Q3-Q4 15Q4-16Q1 16Q1-Q2 16Q2-Q3 Source: U.S. Bureau of Economic Analysis: Current $ 19
In Millions 2.22 2.20 2.18 2.16 2.14 2.12 2.10 Labor Force State of Alabama 2006-2016 in Millions Seasonally Adjusted 2.17 2.17 2.17 2.18 2.16 2.17 2.15 2.15 2.14 2.19 2.20 06 07 08 09 10 11 12 13 14 15 16 Source: U.S. Bureau of Labor Statistics 20
Labor Force State of Alabama Jan Dec 2016 in Millions 2.22 2.20 Seasonally Adjusted 2.19 2.20 In Millions 2.18 2.16 2.15 2.17 2.18 2.18 2.18 2.18 2.16 2.16 2.17 2.18 2.14 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: U.S. Bureau of Labor Statistics 21
Employment State of Alabama 2006-2016 in Millions 2.10 2.08 2.09 2.05 Seasonally Adjusted 2.05 2.05 In Millions 2.00 1.95 1.92 1.96 1.99 1.99 2.00 2.00 2.01 1.90 Source: U.S. Bureau of Labor Statistics 06 07 08 09 10 11 12 13 14 15 16 22
Employment State of Alabama Jan Dec 2016 in Millions In Millions 2.08 2.07 2.06 2.05 2.04 2.03 2.02 2.01 2.02 2.03 +46,513 for 12 Months Seasonally Adjusted 2.04 2.05 2.05 2.04 2.04 2.04 2.05 2.06 2.07 2.07 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: U.S. Bureau of Labor Statistics 23
% Unemployed 7.0% 6.5% 6.0% 5.5% 5.0% 6.0% Unemployment Rate State of AL 6.2% 6.1% Jan - Dec 2015 vs 2016 5.7% 6.1% 6.0% 6.2% 5.4% 6.0% 5.7% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: U.S. Bureau of Labor Statistics -0.06% from 2015 Seasonally Adjusted 2015 2016 6.2% 5.9% 24
Unemployment Rate AL vs U.S. Jan - Dec 2016 % Unemployed 6.3% 5.8% 5.3% 4.8% 4.3% 6.2% 6.2% 6.2% 6.0% 5.9% 5.7% 5.4% AL U.S. 4.9% 4.9% 5.0% 4.9% 4.9% 4.8% 4.7% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: U.S. Bureau of Labor Statistics Seasonally Adjusted 25
Weekly Initial Unemployment Claims State of Alabama 2015 vs 2016 Claims per Month 18,000 15,500 13,000 10,500-5.29% 12 Months 2015 2016 8,000 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Source: Alabama Department of Labor 26
TN 4.9% KY 4.8% Seasonally Adjusted SC 4.3% NC 5.1% MS 5.6% AL 6.2% GA 5.4% Unemployment Rates Southeastern United States Dec 2016 Source: AL Dept of Labor FL 4.9% 27
In Thousands 1400 1200 1000 800 600 Job Quit Levels Annual Per Month Average for U.S. South Region 2006-2016 in Thousands 1259 1204 1154 1201 1027 1067 961 882 795 711 743 400 Source: Bureau of Labor Statistics 06 07 08 09 10 11 12 13 14 15 16 28
Movers Study by United Van Lines 2016 High Inbound Balanced High Outbound Source: United Van Lines 2016 Movers Study 29
% Change 25% 20% 15% 10% 5% 0% -5% -10% Total/Sales/Individual Income Tax State of AL Monthly % Change Jan to Dec 2015 vs 2016 +2.68% Total Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Source: Alabama Department of Revenue +4.17% Sales +4.57% Incomes 30
In $ Millions Total/Sales/Individual Income Tax State of AL in $ Millions FYTD 15-16 vs FYTD 16-17 FYTD 15-16 FYTD 16-17 % Change Individual Income Tax $1,134 $1,193 +5.19% Sales Tax $761 $776 +1.99% Total $2,384 $2,519 +5.35% Source: Alabama Department of Revenue Oct-Jan 31
Total/Sales/Individual Income Tax State of AL in $ Millions Jan 2016 vs Jan 2017 In $ Millions Jan 2016 Jan 2017 % Change Individual Income Tax $236.93 $265.99 +12.3% Sales Tax $206.75 $205.31 -.70% Total $839.59 $872.60 +4.54% Source: Alabama Department of Revenue 32
Housing Statistics State of AL 2015 vs 2016 2015 2016 % Change Median Price $133,991 $141,442 +5.6% Avg Days on Market 149 142-4.2% Total Homes Sold 49,877 53,759 +7.8% Source: Alabama Center for Real Estate 33
State Survey 1st Quarter 2017 Approximately 192 respondents Operated by University of Alabama Center for Business and Economic Research cber.cba.ua.edu 34
% of Respondents 60% 50% 40% 30% 20% 10% 0% 54.2% 31.3% 6.8% 0.0% Much Worse Worse Remain the Same Source: Alabama Business Leaders Confidence Index Economic Outlook for Alabama Q1 2017 compared to Q4 2016 Better 7.8% Much Better 35
Economic Outlook Index for Alabama Q2 15 Q1 17 65 % Change Q4 16 - Q1 17 +19.2% % Change Q1 16 - Q1 17 +18.3% 62.7 Index Value 60 55 50 57.6 54.8 55.1 53.0 52.4 52.6 51.2 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Source: Alabama Business Leaders Confidence Index 36
60% Hiring Outlook for Alabama Q1 2017 compared to Q4 2016 % of Respondents 45% 30% 15% 0% 3.1% Strong Decrease 10.4% Moderate Decrease 43.2% No Change 39.6% Moderate Increase 3.6% Strong Increase Source: Alabama Business Leaders Confidence Index 37
Hiring Outlook Index for Alabama Q2 15 Q1 17 Index Value 59 54 49 57.0 54.2 51.7 53.9 54.9 49.9 51.9 57.6 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Source: Alabama Business Leaders Confidence Index % Change Q4 16 - Q1 17 +10.9% % Change Q1 16 - Q1 17 +6.8% 38
60% Sales Outlook for Alabama Q1 2017 compared to Q4 2016 55.2% % of Respondents 45% 30% 15% 0% 2.6% Strong Decrease 13.0% Moderate Decrease 20.8% No Change Moderate Increase 8.3% Strong Increase Source: Alabama Business Leaders Confidence Index 39
Sales Outlook Index for Alabama Q2 15 Q1 17 Index Value 67 62 57 60.5 57.1 % Change Q4 16 - Q1 17 +15.4% % Change Q1 16 - Q1 17 +15.1% 54.0 55.1 57.9 54.3 54.9 63.4 52 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Source: Alabama Business Leaders Confidence Index 40
Capital Expenditures Outlook Q1 2017 compared to Q4 2016 60% % of Respondents 45% 30% 15% 0% 1.6% Strong Decrease 13.5% Moderate Decrease 39.1% 41.1% No Change Moderate Increase 4.7% Strong Increase Source: Alabama Business Leaders Confidence Index 41
Capital Expenditures Outlook Alabama Q2 15 Q1 17 Index Value 60 55 55.2 53.6 % Change Q4 16 - Q1 17 +12.5% % Change Q1 16 - Q1 17 +10.8% 51.5 52.8 53.0 55.1 52.0 58.5 50 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Source: Alabama Business Leaders Confidence Index 42
Population Census Up State of Alabama Summary State GDP Up (2015 2.17%, 2016 est June 17) Labor Force Up (+48,505 2016) Employment Up (+35,314 2016) Unemployment Rate Down (5.9% Dec) Housing Up (+7.8% Homes Sold 2015-2016) 1 st Qtr State Confidence Index (Up Sharply) 43
Calhoun County Economy 44
Calhoun County Economy Membership Survey (45-68) Employment (69-87) County and Municipal Tax Collections (88-101) Tourism & Housing (102-108) Economic Development Center (109-114) 45
Membership Survey of Calhoun County Chamber of Commerce 2016 Ten years of data from Membership Results for seven questions First chart shows last years results Second chart shows this years results Third chart shows average for 10 years Index value = sum of item values multiplied by response % / # options 46
Q#1: Overall Economic Outlook Last Year (Feb 2016) 50% 46% 40% 30% 20% 10% Feb 2016 Index.74 20% 32% 0% Worse About Same Better Source: 2016 Calhoun County Chamber of Commerce Membership Survey 47
Q#1: Overall Economic Outlook This Year (Feb 2017) 50% 40% 30% 20% 10% 0% 0% Feb 2017 Index.82 11% 22% 46% 28% Much Worse Worse About Same Better Much Better Source: 2016 Calhoun County Chamber of Commerce Membership Survey 48
Q#1: Overall Economic Outlook 2008-2017 Index Value.90.78.65.53.76.58.56.77.84.77.82.87.74.82.40 08 09 10 11 12 13 14 15 16 17 Source: 2007-2016 Calhoun County Chamber of Commerce Membership Survey 49
Q#2: Employment Outlook Last Year (Feb 2016) 70% 60% 50% 40% 30% 20% 10% 0% Feb 2016 Index.71 14% Source: 2015 Calhoun County Chamber of Commerce Membership Survey 59% 26% Cutback # Emp Remain Same Expand # Emp 50
Q#2: Employment Outlook This Year (Feb 2017) 50% 40% 30% Feb 2016 Index.69 45% 41% 20% 10% 0% 0% Major Cutback # Emp 7% Slight Cutback # Emp Source: 2015 Calhoun County Chamber of Commerce Membership Survey Remain Same Slight Increase # Emp 6% Major Increase # Emp 51
.90 Q#2: Employment Outlook 2008-2017 Index Value.78.65.53.76.63.65.70.74.72.75.76.71.69.40 08 09 10 11 12 13 14 15 16 17 Source: 2007-2016 Calhoun County Chamber of Commerce Membership Survey 52
R em ain same 75 60% 45% 30% Q#3: Intentions Concerning Employee Compensation Last Year Feb 2016 Index.82 (Feb 2016) 51% 48% 15% 1% 0% Decrease Leave Unchanged Increase Source: 2015 Calhoun County Chamber of Commerce Membership Survey 53
R em ain same 75 70% 60% 50% 40% 30% 20% 10% 0% Q#3: Intentions Concerning Employee Compensation This Year 0% Major Decrease Feb 2016 Index.73 5% Slight Decrease Source: 2016 Calhoun County Chamber of Commerce Membership Survey (Feb 2016) 28% Remain Same 64% Slight Increase 3% Major Increase 54
Q#3: Intentions Concerning Employee Compensation 2008-2017.90.83.83.82 Index Value.78.65.53.61.73.61.70.65.74.73.40 08 09 10 11 12 13 14 15 16 17 Source: 2007-2016 Calhoun County Chamber of Commerce Membership Survey 55
R em ain same 75 Q#4: Demand for Products/Services Last Year (Feb 2016) 50% 40% 30% Feb 2016 Index.76 41% 44% 20% 15% 10% 0% Decrease Unchanged Increase Source: 2015 Calhoun County Chamber of Commerce Membership Survey 56
R em ain same 75 Q#4: Demand for Products/Services This Year (Feb 2017) 60% 45% Feb 2017 Index.76 55% 30% 26% 15% 0% 0% Major Decrease 5% Slight Decrease Source: 2016 Calhoun County Chamber of Commerce Membership Survey Remain Same Slight Increase 14% Major Increase 57
Index Value.90.78.65.53 Q#4: Demand for Products/Services 2008-2017.88.81.78.80.75.77.76.76.70.55.40 08 09 10 11 12 13 14 15 16 17 Source: 2007-2016 Calhoun County Chamber of Commerce Membership Survey 58
R em ain same 75 Q#5: New Product Offerings Last Year (Feb 2016) 60% 50% 40% 30% 20% 10% 0% Feb 2016 Index.81 5% 48% 47% Decrease Unchanged Increase Source: 2015 Calhoun County Chamber of Commerce Membership Survey 59
R em ain same 75 Q#5: New Product Offerings This Year (Feb 2017) 50% 40% 30% 20% 10% 0% 0% 2% Major Decrease Feb 2017 Index.74 Slight Decrease 43% 41% Remain Same Slight Increase 15% Major Increase Source: 2016 Calhoun County Chamber of Commerce Membership Survey 60
Q#5: New Product Offerings 2008-2017 Index Value.90.78.65.53.74.69.65.69.71.71.76.82.81.74.40 08 09 10 11 12 13 14 15 16 17 Source: 2007-2016 Calhoun County Chamber of Commerce Membership Survey 61
R em ain same 75 Q#6: Intention to Change Number of Outlets Last Year (Feb 2016) 90% 75% 60% 45% 30% 15% 0% Feb 2016 Index.69 8% Source: 2015 Calhoun County Chamber of Commerce Membership Survey 77% 15% Decrease Unchanged Increase 62
R em ain same 75 Q#6: Intention to Change Number of Outlets This Year (Feb 2017) 90% 75% 60% Feb 2017 Index.63 81% 45% 30% 15% 0% 0% 1% Major Decrease Slight Decrease Source: 2016 Calhoun County Chamber of Commerce Membership Survey Remain Same 16% Slight Increase 2% Major Increase 63
Q#6: Intention to Change Number of Outlets 2008-2017.80 Index Value.70.70.69.64.60.56.51.52.50.48.47.48.41.40 08 09 10 11 12 13 14 15 16 17 Source: 2007-2016 Calhoun County Chamber of Commerce Membership Survey 64
R em ain same 75 70% 60% 50% 40% 30% 20% 10% 0% 16% Q#7: Intentions Concerning Expenditures on Advertising Last Feb 2016 Index.69 Year (Feb 2016) 60% 24% Cutback # Emp Remain Same Expand # Emp Source: 2015 Calhoun County Chamber of Commerce Membership Survey 65
R em ain same 75 60% 50% 40% 30% 20% 10% 0% Q#7: Intentions Concerning Expenditures on Advertising This 1% Major Decrease Feb 2017 Index.68 Source: 2016 Calhoun County Chamber of Commerce Membership Survey Year (Feb 2017) 7% Slight Decrease 48% Remain Same 36% Slight Increase 7% Major Increase 66
Q#7: Intentions Concerning Expenditures on Advertising Index Value.80.70.60.50.68.54 2008-2017.62.64.57.58.61.73.69.68.40 08 09 10 11 12 13 14 15 16 17 Source: 2007-2016 Calhoun County Chamber of Commerce Membership Survey 67
Membership Survey: Largest Response Category by % 2016 Overall Outlook Slightly Better 46% Number of Employees No Change 45% Employee Pay Slight Increase 64% Demand for Products Slightly Better 55% New Products No Change 43% Number of Outlets No Change 81% Advertising Spending No Change 48% 68
Population Trends Calhoun County 2004-2015 in Thousands In Thousands 120 118 116 114 112 110 Source: U.S. Census Bureau 2014-115,916 2015 115,620 112 112 113 113 113 114 119 118 117 117 116 115 04 05 06 07 08 09 10 11 12 13 14 15 69
8% 6% 4% 2% 0% -2% -4% -6% 4.6% 4.5% GDP % Change from Preceding Year for Calhoun County Vs AL 6.9% 2.5% 3.2% 2.0% -2.5% Calhoun AL -3.6% 2006-2015 4.1% 3.4% 2.9% 2.3% 2.3% 2.7% 2.9% -0.6% -1.6% -2.6% 1.2% 1.8% 06 07 08 09 10 11 12 13 14 15 Source: U.S. Bureau of Economic Analysis: Current $ 70
Labor Force Calhoun County 2007-2016 in Thousands In Thousands 55 53 51 49 47 53.5 51.9 49.0 49.1 -.22% 2015-2016 48.0 47.5 46.2 46.7 46.4 46.3 45 07 08 09 10 11 12 13 14 15 16 Source: U.S. Bureau of Labor Statistics 71
Labor Force Calhoun County Jan Dec 2016 in Thousands In Thousands 47.0 46.5 46.0 45.5 45.8 +467 for 12 Months 46.2 46.2 46.0 46.3 46.7 46.2 46.4 46.2 46.8 46.6 46.2 45.0 Source: U.S. Bureau of Labor Statistics Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 72
Employment for Calhoun County 2007-2016 in Thousands 52 50 51.1 50.3.5% 2015-2016 In Thousands 47 45 47.4 46.5 46.1 45.4 43.9 43.7 43.1 43.3 42 Source: U.S. Bureau of Labor Statistics 07 08 09 10 11 12 13 14 15 16 73
Employment Calhoun County Jan Dec 2016 in Thousands 44.0 +626 for 12 Months 43.7 43.7 In Thousands 43.5 43.0 42.5 42.6 42.9 43.0 43.2 43.3 43.3 43.3 43.5 43.3 43.2 42.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: U.S. Bureau of Labor Statistics 74
Unemployment Rate for Calhoun County 2007-2016 11% 9.9% 9.8% 9.2% % Unemployed 9% 7% 5% 3% 8.0% 7.2% 7.2% 6.9% 6.6% 5.1% 3.5% 07 08 09 10 11 12 13 14 15 16 Source: U.S. Bureau of Labor Statistics 75
Unemployment Rate for Calhoun County 2016 % Unemployed 8% 7% 6% 5% 7.0% 7.0% 7.3% 7.2% 6.5% 6.4% 6.6% 6.2% 6.6% 6.1% 6.1% 6.2% Not Seasonally Adjusted Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: U.S. Bureau of Labor Statistics 76
6.5% Alabama Unemployment Rates December 2015 State Ave 5.9% Unemployment Rate 6.8% and Below 6.9% - 8.3% 8.4% and Above Source: Alabama Department of Labor Not Seasonally Adjusted 77
6.6% Alabama Unemployment Rates December 2016 State Ave 5.9% Unemployment Rate 6.1% and Below 6.2% - 7.4% 7.5% and Above Source: Alabama Department of Labor Not Seasonally Adjusted 78
Employment State Peak to Now % Change AL MSAs 20% 10% 14% Jan 07- Dec 16 5% 12% 0% -10% -2% -1% -6% -9% -5% -5% -2% -1% -20% -19% Tusc Mont Mob Hunt Gads Flor Doth Deca Bham Aub Ann AL Source: U.S. Bureau of Labor Statistics 79
Employment % Change AL & AL MSAs Dec 15- Dec 16 5% 3.9% 0% 1.7% 0.6% 1.7% 1.6% 0.9% 0.9% 2.0% 1.7% 1.6% 0.2% 2.0% Tusc Mont Mob Hunt Gads Flor Doth Deca Bham Aub Ann AL Source: U.S. Bureau of Labor Statistics 80
Federal Employment for Calhoun County 2003-2015 in Thousands In Thousands 6 5 4 4.1 4.5 5.0 5.3 5.6 5.5 5.5 5.5 5.2 4.6 4.0 3.9 3.7 4.0 3 03 04 05 06 07 08 09 10 11 12 13 14 15 16 Source: U.S. Bureau of Labor Statistics 81
9 8 Manufacturing Sector Employment Calhoun County 2003-2016 in 8.3 8.1 7.7 7.4 7.4 7.4 Thousands In Thousands 7 6 5 6.4 5.8 5.7 5.8 5.7 5.9 6.0 5.9 4 03 04 05 06 07 08 09 10 11 12 13 14 15 16 Source: U.S. Bureau of Labor Statistics 82
Service Sector for Calhoun County 2003-2016 in Thousands In Thousands 46 44 44 43 44 42 42 42 42 41 42 41 40 40 40 40 39 40 38 36 34 03 04 05 06 07 08 09 10 11 12 13 14 15 16 Source: U.S. Bureau of Labor Statistics 83
Hours Worked per Week 37 36 35 34 Private Industry Ave # Hrs Worked per Week State of Alabama 2007-2016 36.6 36.0 36.0 36.1 35.5 35.5 35.6 35.3 35.1 34.8 07 08 09 10 11 12 13 14 15 16 Source: U.S. Bureau of Labor Statistics 84
Private Industry Ave # Hrs Worked per Week State of Alabama Jan - Hours Worked per Week 36.0 35.5 35.5 35.6 35.5 Dec 2016 35.9 35.6 35.6 35.7 35.4 35.6 36.0 35.4 35.4 35.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: U.S. Bureau of Labor Statistics 85
$ per Hour $22 $21 $20 $19 Private Industry Ave Hourly Earnings for State of Alabama 2007-2016 +3.8% 12 Months $19.4 $19.6 $19.7 $19.9 $20.1 $20.2 $20.2 $20.7 $21.0 $21.8 $18 07 08 09 10 11 12 13 14 15 16 Source: U.S. Bureau of Labor Statistics 86
$ per Hour $23 $22 $22 $21 Private Industry Ave Hourly Earnings for State of Alabama Jan - Dec 2016 $22.22 $21.90 $21.97 $21.98 $21.86 $21.64 $21.90 $21.83 $21.80 $21.79 $21.60 $21.43 +1.2% 12 Months Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: U.S. Bureau of Labor Statistics 87
In $ Millions $33 $30 $28 $25 $23 $20 State Sales Tax Collections Calhoun County FY 09-10 FY 15-16 in $ Millions -1.66% Fiscal Yr $28.00 $25.24 $21.40 $31.19 $31.02 $30.50 $29.12 09-10 10-11 11-12 12-13 13-14 14-15 15-16 Source: AL Dept of Revenue 88
State Use Tax Collections Calhoun County FY 09-10 FY 15-16 in $ Millions In $ Millions $1.3 $1.2 $1.1 $1.0 $0.9-24.6% Fiscal Yr $1.10 $1.08 $1.08 $0.93 $1.19 $1.12 $0.84 $0.8 Source: AL Dept of Revenue 09-10 10-11 11-12 12-13 13-14 14-15 15-16 89
In $ Thousands $1,100 $1,000 $900 $800 State Lodging Tax Collections from Calhoun County FY09-10 FY15-16 in $ Thousands +11.77% Fiscal Yr $883.6 $915.1 $847.1 $824.5 $778.4 $771.6 $1,022.8 $700 Source: AL Dept of Revenue 09-10 10-11 11-12 12-13 13-14 14-15 15-16 90
$24 Sales, Use & Lodging Tax Annual Total FY08-09 FY15-16 Anniston in $ Millions In $ Millions $22 $20 $18 $17.3 +6.81% 15-16 FY $19.0 $17.5 $17.1 $21.2 $20.8 $20.6 $22.0 $16 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 Source: City of Anniston * increase in sales and use tax rate from 4% to 5% effective April 2012 (25%) 91
In $ Millions $8.0 $7.0 $6.0 $5.0 Sales, Use & Lodging Tax FYTD Oct15-Jan16 vs Oct16-Jan17 Anniston in $ Millions $7.27-19.2% FYTD 16-17 $5.87 $4.0 Source: City of Anniston Oct15-Jan16 Oct16-Jan17 92
In $ Millions $33 $31 $28 $26 $23 $21 $18 Source: AL Dept of Revenue Sales & Use Tax Collected by AL Annual Total FY08-09 FY15-16 Oxford in $ Millions +8.09% 15-16 FY $22.6 $24.3 $25.3 $25.5 $24.5 $30.7 $28.4 $26.6 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 93
In $ Millions $7.5 $7.0 $6.5 $6.0 Source: City of Oxford Sales & Use Tax FYTD Oct - Dec 2015 vs 2016 Oxford in $ Millions $7.49 +6.8% 2016 FYTD $7.01 Oct-Dec15 Oct-Dec16 94
Sales & Use Tax Annual Total FY08-09 FY15-16 Jacksonville in $ Millions In $ Millions $7.5 $6.5 $5.5 3.82% 15-16 FY $5.3 $5.3 $5.5 $6.5 $6.8 $7.0 $7.0 $7.3 $4.5 Source: City of Jacksonville 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 95
In $Millions $2.00 $1.90 Sales & Use Tax FYTD Oct - Dec 2015 vs 2016 Jacksonville in $ Millions +0.5% 2016 FYTD $1.909 $1.919 $1.80 Source: City of Jacksonville Oct-Dec15 Oct-Dec16 96
Sales & Use Tax Annual Total FY08-09 - FY15-16 In $ Thousands $600 $550 $500 $450-3.8% 15-16 FY Ohatchee in $ Thousands $534 $481 $489 $444 $571 $550 $545 $549 $400 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 Source: City of Ohatchee 97
In $ Millions $1.9 $1.8 $1.7 $1.6 $1.5 $1.4 $1.3 Source: City of Piedmont Sales, Use & Lodging Tax Annual Total FY09-10 FY15-16 $1.37 $1.36 Piedmont in $ Millions +8.1% 15-16 FY $1.45 $1.46 $1.46 $1.75 $1.89 09-10 10-11 11-12 12-13 13-14 14-15 15-16 *1% tax increase Jan 1, 2015 * * 98
Sales, Use & Lodging Tax FYTD Oct - Dec 2015 vs 2016 Piedmont in $ Thousands In $ Thousands $500 $450 $400 $350 Source: City of Piedmont $473 Oct15-Dec15-3.19% 2016 FYTD $458 Oct16-Dec16 99
Sales, Use Tax Annual Total FY08-09 FY15-16 Weaver in $ Thousands In $ Thousands $600 $500 $571 $555 $444 $400 $343 $300 $289 $223 $245 $234 $200 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 Source: City of Weaver -2.87% 15-16 FY 100
Sales, Use & Lodging Tax FYTD Oct - Dec 2015 vs 2016 Weaver in $ Thousands In $ Thousands $140 $130 $120 $110 $100 $90 $80 Source: City of Weaver $133.58 Oct15-Dec15-33% 2016 FYTD $89.74 Oct16-Dec16 101
Tourism Economic Impact State of Alabama Est over 25 Million visitors each year $12.7 Billion in 2015 Represent 6.2% of State GDP Est 175,652 jobs (9% of non agricultural) Generated $797 Million State and Local Tax Revenues 102 Source: Alabama Tourism Department, 2015
Tourism Expenditures in AL 2003-2015 in $ Billions Billions $14 $12 $10 $8 $6 Up 86% over 13 years $12.7 $11.8 $11.0 $6.8 $7.4 $7.5 $8.5 $9.3 $9.6 $10.7 $10.2 $9.3 $9.1 $4 03 04 05 06 07 08 09 10 11 12 13 14 15 Source: Alabama Tourism Department, 2015 103
Tourism Impact in Calhoun County Jobs & Earnings 13-15 Jobs 1,000 950 900 850 800 Up 4.7% 14-15 Up 7.3% 14-15 933 885 891 13 14 15 Earnings in Millions $25 $23 $20 $18 $23.4 $21.8 $20.9 13 14 15 Source: Alabama Tourism Department, 2015 104
Number of Bankruptcy Cases Calhoun County: 2010-2016 # of Bankruptcy Cases 900 700 500 300 Source: U.S. Courts 835 864 775 552-4.7% from 2015 516 484 461 415 2009 2010 2011 2012 2013 2014 2015 2016 105
Percentage Change in Bankruptcy Cases Calhoun County/AL/US 2011-2016 30% 20% 10% 0% -10% -20% -30% Calhoun AL US 17% 2% 2% -3% -7% -10% -11% -12% -13% -6% 2011 2012 2013 2014 2015 2016 Source: U.S. Courts 106
Housing Statistics Calhoun County 2015 vs 2016 2015 2016 % Change Median Price $105,152 $121,063 +15% Avg Days on Market 129 134 +3.88% Total Homes Sold 1,395 1,510 +8.24% Source: Alabama Center for Real Estate 107
Average Number of Home Sales Per Month Calhoun County 2005-2016 Home Sales/Month 135 120 105 90 75 122 114 109 88 76 98.87 Avg - - 81 80 82 90 102 116 126 60 05 06 07 08 09 10 11 12 13 14 15 16 Source: Alabama Center for Real Estate 108
Calhoun County Economic Development Council New & Expanding Industries 2016 109
75 new jobs $2.5 million investment 110
$362 million expansion 160 new employees 111
$2.5 million investment 15 new jobs 112
14 new employees $26 million investment 113
Calhoun County 2012-2016 $600 million in new investment Over 2000 new jobs! Near Atlanta, Near Birmingham Near Perfect 114
Calhoun County: Economic Summary Membership Survey- Positive Slightly Better Population- Estimated Down Slightly Employment- +626 Jan-Dec 2016 Unemployment- Dec 15 6.5%, Dec 16-6.6% Municipal Revenues- Mainly Up Housing Market- Up 8.24% Total Homes Sold Tourism Revenues- Lodging Taxes +11.77% 115