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62 ND ANNUAL PRESENTATION OF THE FAULKNER COUNTY 2012ECONOMIC REPORT Conway: A Place to Meet & Eat.

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Presentation on theme: "62 ND ANNUAL PRESENTATION OF THE FAULKNER COUNTY 2012ECONOMIC REPORT Conway: A Place to Meet & Eat."— Presentation transcript:

1 62 ND ANNUAL PRESENTATION OF THE FAULKNER COUNTY 2012ECONOMIC REPORT Conway: A Place to Meet & Eat

2 Prepared For: ConwayRotaryClub

3 Special Thanks To: Dr. Mike Casey Interim Dean of the College of Business

4 Britney Logan Intern Amber Hall Director of Institutional Research Roger Lewis Report Author 2012 Faulkner County Economic Report, Prepared By:

5 Let’s take a look at the national economy !

6 National GDP

7 NationalUnemploymentRate

8 National Consumer Price Index

9 Consumer Energy Medical Care Food/Beverage Other Goods & Services Housing Education/Communications Transportation Recreation Apparel All Items Percentage Change Per Select Category, Seasonally Adjusted

10 2012 Monthly Unemployment Not Seasonally Adjusted 8.1% 7.3% 6.6% 6.4%

11 Average Annual Unemployment Rate Not Seasonally Adjusted 8.1% 7.3% 6.6% 6.4%

12 DOW Jones Industrial Average Year-End Closing

13 Family Units Constructed

14 Building Permits Value of Building Permits

15 Population of Conway & Faulkner County 61,246

16 Faulkner County Births & Deaths YearBirthsDeathsNet Gain Birth to Death Ratio Arkansas Birth to Death Ratio , , , , Ten Year Summary 15,4624,66410,

17 Faulkner County Property Tax Assessment Real Estate Amount: $1,341,096,490 Percent Increase: 2.20 All Property Amount: $1,749,313,210 Percent Increase: 4.16 Tax Assessment Values in Conway City Limits (2012) REAL ESTATE Amount: $747,888,723 % of Faulkner County: ALL PROPERTY Amount: $980,772,243 % of Faulkner County: 56.07

18 Cost of Living Comparison CitiesComposite Compared to Conway Avg. RentAvg. Home Conway $542$236,343 Dallas, TX ,192 Fayetteville ,306 Hot Springs ,967 Little Rock- N Little Rock ,330 Memphis ,115 San Jose, CA , ,145 St. Louis ,396 National Average $810$293,442

19 Violent Crime Per 1,000 in cities whose population is 50,000+ Murder, Rape, Robbery, & Assault

20 Property Crime Per 1,000 in cities whose population is 50,000+ Burglary, Larceny, Vehicle Theft,

21 YearRevenue Capital Expenditures Residential Electric Meters % Increase Population Estimate 2013* , , , , , , , , , , , , , ,194 *2013 Figures Estimated *2013 Figures Estimated ConwayCorporation (in millions of dollars)

22 Sales Tax Receipts Faulkner County ½% Sales Tax: Conway 1% Sales Tax: YearAmount Change Over Previous Year 2012$8,146,364$334, ,811,371338, ,472,974145,899 YearAmount Change Over Previous Year 2012$12,810,355$501, ,308,641205, ,102,898546,564

23 Estimated Retail Sales for 2012 CityAmount% of Total Conway$1,249,880, % Greenbrier80,482,4215.1% Mayflower35,064,8422.2% Vilonia39,920,2532.5% Guy3,202,8420.2% Twin Groves746,8420.0% Non-Tax Areas*169,972, % Total$1,579,270, %

24 Hotel And Restaurant Sales Hotel Sales 2012: $18,310, : $18,662, : $17,380,099 Restaurant Sales 2012: $149,885, : $149,885, : $144,665, : $144,665, : $131,374, : $131,374,050

25 HotelTotal Sales Hilton Garden Inn$2,507,573 Fairfield Inn$1,576,604 Hampton Inn $1,472,799 Comfort Suites $1,266,174 Country Inn & Suites$1,079,437 Total$7,902,587 * Based on Advertising and Promotion Tax Top 5 Hotels By Annual Sales

26 Top 10 Restaurants By Annual Sales Restaurant Total Sales Chick-Fil-A$4,416,394 Golden Corral - Opened 08/20114,081,821 Chili's Bar & Grill3,841,509 Cracker Barrel3,710,895 McDonalds -Salem Rd3,493,781 TGI Fridays3,447,038 McDonalds -Dave Ward3,289,833 McDonald's -Hwy 65 N3,007,925 Marketplace Grill2,631,959 Outback Steakhouse2,543,250 $34,464,405

27 Total Deposits (Billions of Dollars) There are sixteen banking institutions in Faulkner County with 62 offices. Bank Deposits

28 Bank Market Share Faulkner County The top three banking institutions hold 71% of the market share.

29 Faulkner County Vehicle Registration (in thousands of vehicles)

30 Arkansas Severance Tax Revenue (in millions)

31 Municipal Highway Severance Tax Distribution Faulkner County 2012: $131, : $204,054 The City of Conway 2012: $162, : $254, % Decrease 35.5% Derease

32 Fayetteville Shale 2012 Well Production and Value County Number of Wells Value Van Buren White Conway $898,812,006 $840,753,040 $601,454,088 Cleburne655$338,600,980 Faulkner350$186,840,230 Total Value of Production for all wells since 2004 $11,649,022,437

33 Arkansas Scholarship Lottery Sales 2012$452,245, $474,879, $459,916, $124,142,265 Total: $1,437,728,587

34 2012 Lottery Sales for Faulkner County Municipalities Conway$11,729,082$977,423 Greenbrier$2,155,401$179,617 Mayflower$2,291,590$190,966 Vilonia$644,983$53,749 Wooster$122,674$10,223 Total: $16,943,909 City Total Avg. Mnthly.

35 Employment & EarningsEmployment & Earnings Faulkner County (2012 ) Faulkner County (2012) Type Total # of Employers Total # of Employees Total Annual Earnings Average Annual Wages Government566,881$247,784,810$36,010 Private2,73733,805$1,334,257,929$39,469 Total2,79340,686$1,582,042,739$37,740 Employment & Earnings

36 AgriculturalProduction CropIncome from Production Sold% Change Beef$12,250, % Greenhouses5,000, % Dairy1,920, % Rice3,007, % Soybeans861, % Corn932, % Forestry600, % Wheat745, % Fruits & Vegetables500, % Hay400, % Hogs72, % Silage00.00% Grain Sorghum00.00% Total$26,288, %

37 Tourism The Effects of On Faulkner County 2011 Statistics% Change Visitors 378, Total Travel Expenditures$81,399, Expenditure per Visitor$ State Tax receipts $4,653, Local Tax Receipts$1,283, Number employed Payroll$15,199, Average Annual Pay $15,

38 Questions?

39 Thank you!

40


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