Blaine County’s Economy in 2011 Sun Valley March 2012

2 Analytical Framework Our Approach Blaine County level analysis State & Local data inputs Calendar Year basis Inflation adjusted $’s Blaine Co. Economy Wages $ Taxable Sales $ Housing $ & # Enplane ments # Hotel Occupan cy % Skier Visit Days Jobs # Employ ers # Dividend & Interest $ Business Open & Close # Personal Income Fore- closures

Headline #1 – Blaine Co.’s Economic Downturn is Bottoming Out According to Taxable Sales Data 3 Taxable Sales for Blaine Co. Taxable Sales ($ millions)% change Source: Idaho Tax Commission

Headline #2 – Largest Blaine Co. Sectors All Showing Signs of Recovery 4 All figures in Constant Dollars Source: Idaho Tax Commission Construction & Housing Lodging & Accommodation Eating & Drinking Grocery Represent $445m or 78% of 2011 Blaine Co. economy

Headline #3 – However, Significant Structural Adjustments in Blaine Co. Economy Over 5 Years 5 All figures in Constant Dollars % Change Taxable sales 2006 vs Source: Idaho Tax Commission

Headline #4 – Majority of Retail “Top 10” Also Showing Signs of Improvement 6 All figures in Constant Dollars Source: Idaho Tax Commission Represent $274m or 86% of Blaine Co. retail economy

Headline #5 – However, Significant Retail Top 10 Also Restructured Over the Last 5 Years 7 All figures in Constant Dollars % Change Taxable sales 2006 vs Source: Idaho Tax Commission

Headline #6 – Blaine Co. Economy Becoming More Heavily Dependent on Tourism Sectors 8 All figures in Constant Dollars $899 million Taxable Sales$569 million Taxable Sales Source: Idaho Tax Commission Increase from 46% to 60% Tourism Dependent

9 Next Steps Integrate Housing & Tourism metrics and secure missing County-level data Report at Community Economic Forum on March 15. 5:30 pm Limelight Room Gather more detailed data at City-level and produce individual City Economic Profiles by April Develop methodology to prepare Gross Regional Product (GRP)

10