1. The 2009 Faulkner County Economic Report 59 th Annual Report

2. Dr Pat Cantrell Dean of the college of Business

3. Giezi Nunez Intern UCA Economics Major UCA Economics Major Amber Hall Project Specialist Office of Institutional Research

4. Themes 2008 - Conway and Oasis In Arkansas 2007 - We Have Gas 2006 - Conway is Growing and You Can Bank on it You Can Bank on it 2005 – The Billion Dollar Economy 2004- A B C’s of Conway Apartments, Banks and Churches

5. From Cotton To Computers

6. Cotton was Faulkner County’s Economy

8. 15,130 Bales of Cotton Produced Estimated 33,000 Acres of Cotton Planted 1910 Sale Price Between $75 and $100 per Bale Value of Production Between $1.0 and $1.5 Million Between 14 and 20 Cotton Gins in the County

9. National Economy

10. Gross Domestic Product Percent Increase over Previous Year 4.2 4.5 3.7 0.8 1.6 2.5 3.6 2.3 2.8 2.0 1.3 -2.4 199819992000200120022003200420052006200720082009

11. Comparing 2008-09 GDP to 1981-82 (Chained 2005 Dollars)

12. 4.9% 4.5% 4.2% 4.0% 5.8% 6.0% 5.5% 5.1% 4.6% 5.8% 9.3% 4.7% 1997199819992000200120022003200420052006200720082009 Unemployment Rate

13. 2009 Monthly Unemployment Rate

14. Average Annual Unemployment Rate

15. Consumer Price Index (CPI) 1.6% 2.2% 3.4% 2.8% 1.6% 2.3% 2.7% 3.4% 3.2% 2.8% 3.8% -0.4% 199819992000200120022003200420052006200720082009

16. CPI for All Urban Consumers (Seasonally Adjusted) -0.43.8 All Items -0.1 Apparel 1.6 Recreation 5.9 Transportation 3.4 Education & Communications 3.2 Housing 3.6 Other Goods & Services 5.4Food 3.7Medical Care 13.9 Energy 20092008 1.0 0.9 -8.3 3.0 0.4 6.7 1.9 3.2 -18.4

17. Dow Jones Industrial Average Yearend Closing

18. Family Units Constructed 1133 760 1532 602 448 933 735

19. Value of Building Permits (In Million Dollars) 87 98 104 136 141 199 159 120 141 146 2000200120022003200420052006200720082009

20. Faulkner County Real Estate Sales (In Million of Dollars) 262 221 257 278 347 432 489 504 529 348 312 19992000200120022003200420052006200720082009

21. Population of Conway and Faulkner County

22. Faulkner County Births and Deaths per Year YearBirthsDeathsNet Gain Birth to Death Ratio Arkansas Birth to Death Ratio 2009 1,540**756**7842.01.5 2008 1,392**746**6461.91.5 2007 1,481**737**7172.01.5 20061,5307268072.11.4 20051,3987177361.91.4 20041,3656846812.01.3 20031,3146856291.91.3 20021,3146686462.01.3 20011,2026165862.01.3 20001,2775687092.21.3 Ten Year Summary11,7385,2317,3682.00

23. Faulkner County Property Tax Assessment Values 2009 Real Estate All Property Amount % Increase Amount $1,209,386,2657.66$1,523,853,6651.81 2009 Tax Assessment Values in Conway City Limits Real Estate Percent of Faulkner County All Property Percent of Faulkner County $678,313,65056.10$891,681,86258.50

24. Cost of Living Comparison CompositeDifference Average Rent Average Home Conway88.70.0$561$247,176 Fort Smith85.0-3.7471222,333 Jonesboro87.3-1.4564227,653 Fayetteville91.30.0605233,399 Hot Springs92.91.6587264,167 Little Rock- N Little Rock94.73.4725244,592 Houston, TX89.5-1.8834216,848 Dallas, TX92.33.6712207,797 San Jose, CA155.466.71,385767,274 National Avg.100.08.7794304,980

25. 2008 Violent and Property Crimes per Thousand Population

26. Conway Corporation Revenues, Capital Expenditures and Number of Customers All Departments Residential Electric Customers Year Revenue (Millions) Capital ExpendituresNumber% Increase Population Estimate 2009$92.610.624,4644.360,671 2008 85.69.723,4531.758,163 2007 84.49.623,0623.357,194 2006 81.17.922,3165.855,344 2005 70.99.021,1023.452,262

27. Conway Corporation Residential CapitalElectric CustomersPopulation Revenue*Expenditures*Number% IncreaseEstimate 2009$92.6$10.624,4644.360,671 200888.39.424,1954.960,004 200784.49.623,0623.357,194 200681.17.922,3165.655,344 200570.99.021,1023.452,262 * In Million Dollars

28. Faulkner County Sales Tax Collections Year 1/2% Sales Tax Collections % Change Over Previous Year 2009$7,327,074-1.1 2008$7,407,916 Year @1% @1% % Change Over Previous Year 2009$11,556,334-0.5 2008$11,608,915 Conway Sales Tax Collections

29. Estimated Retail Sales for 2010 Conway $1,190,000,577 Faulkner County $1,546,338,200 77% of all Faulkner County Sales Occur in Conway

30. Conway Advertising and Promotion Tax Collections Estimated Annual Sales Motel Receipts Prepared Food Sales 2008200920082009 $17,485,927$16,248,312$123,301,569$130,787,393 Increase Over Previous Year Percent Increase Motel 2% Tax Motel 2% Tax Revenue Prepared Food 2% Tax Revenue 20082009 20082009 Total $349,719$318,502 Total $2,466,032$2,573,883 Increase Over Previous Year

31. Conway Advertising and Promotion Tax 2% of Hotel and Restaurant Sales 2008 2009% Change 2008 2009% Change Hotels $349,719 $318,502 -7.1% Restaurant$2,466,032 $2,573,883 +5.4%

32. Hotel Sales 2008 2009 % Change 2008 2009 % Change $17,485,927$16,248,312 -7.1%

33. Top Five Hotels by Annual Sales $2,155,681 $1,609,802 $1,434,821 $1,433,577 $1,119,822

34. Restaurant Sales 2008 2009 % Change 2008 2009 % Change $124,115,600$130,787,393 +5.4%

35. Top Ten Restaurant by Annual Sales $3,694,423 $3,317,167 $3,272,989 $3,208,238 $2,758,667 $2,538,645 $2,515,258 $2,498,141 $2,441,970 $2,316,654 Salem Oak Street Hwy. 65 N.

36. Number of Banking Institutions in Faulkner County and Total Deposits Number of TotalAmount ofPercent InstitutionsOfficesDeposits*Increase*Increase 20091557$1,462,019$101,3047.4 200815581,374,7158,7610.6 200715571,351,95428,3652.1 200615521,323,58977,6866.2 200514481,245,903139,22812.6 200414481,106,67533,7483.1 200314461,072,92789,3079.1 20021338983,62052,6995.7 * In Million Dollars

37. Market Share of Faulkner County Bank Deposits

38. Bank Earnings of Institutions Represented in Faulkner County (Year to Date as of June 30) %Return on Assets 20082009 Bank of Ozarks1.231.42 1 st Security Bank0.971.30 1 st Service Bank1.211.30 Centennial Bank1.671.13 Heber Springs1.201.05 US Bank1.820.85 Simmons 1 st National Bank1.360.73 Bank1.010.62 Home Bank AR0.570.53 River Town Bank0.690.53 National Bank of AR0.080.49 Bank of America0.510.47 1 st AR Bank1.240.14 Regions Bank0.88-0.22 Metropolitan National Bank0.66-5.04 Average1.010.35

39. Faulkner County Motor Vehicle Registration 86,889 84,392 80,745 78,677 75,869 75,291 70,703 68,269 66,182 64,775 51,116 39,001 199019952000200120022003200420052006200720082009

40. Lifetime Production of Wells by County as of September 30, 2009 County Number of WellsMCFEstimated Value Cleburne14636,359,630$275,389,596 Conway401189,877,319$1,401,936,275 Faulkner12641,009,993$306,302,664 Franklin16922,458$6,614,399 Independence152,421,025$19,256,140 Jackson12804,797$5,929,521 Johnson239,585$277,095 Pope304,406,120$32,261,127 Van Buren640270,992,593$2,051,063,876 White556193,038,877$1,444,421,607 Total1944739,872,397$5,179,106,779

41. Fayetteville Shale Production 2009 Monthly Production and Estimated Value Date# WellsMCFPrice Estimated Value January137535,097,5095.15180,752,171 February144532,338,8464.16134,529,599 March152337,832,4053.72140,736,547 April159739,304,0143.43134,812,768 May165942,425,3443.45146,367,437 June172343,266,1103.45149,268,080 July180143,650,6363.43149,721,681 August188950,058,6723.14157,184,230 September192134,772,7712.92101,536,491 October200649,861,7543.60179,502,314 November208253,935,9203.64$196,326,749 Total462,543,981$3.61$1,670,738,068

42. Number of Gas Wells By Severance Tax Rates ClassificationRateNumber of Wells Marginal Production Wells1.25%2378 New Discovery Wells for 24 months1.50%176 High Cost Wells for 36 Months1.50%45 Full Rate5.00%360

43. Lottery Sales September 28 to February 28 County Sales Rank Faulkner$8,241,8994 Pulaski45,859,4521 Jefferson11,391,7012 Saline8,545,5083 Washington8,212,2535 State Total $214,451,603

44. Faulkner County Lottery Vendors Number of VendorsTop Vendor Weekly Sales*Rank** Conway33Bears Den (Salem & Dave Ward)$13,9423 Greenbrier9Satterfield11,20210 Mayflower5Tobacco World of Mayflower23,4931 Vilonia2Miraj Flash Market13,4304 TOTAL49Average Weekly Total all Vendors$415,237 * Weekly Sales for February 2010 ** Rank within Faulkner County’s 49 Vendors

45. Lottery Sales Per Capita September 28 to February 28 County Sales Per CapitaRank Faulkner$10732 Desha2021 Jefferson1452 Arkansas1413 Sharp1384 Benton2274 Montgomery2275 State Average$59

46. Income from Agricultural Production SoldCrop 2009 % Change 2008-2009 Beef$1,320,000-89.00 Greenhouses5,000,0000.00 Dairy2,618,000-21.43 Rice1,175,850-37.79 Soybeans3,043,372-8.47 Corn552,720-42.43 Forestry600,0000.00 Wheat172,427-71.50 Fruits & Vegetables 500,0000.00 Hay1,800,00012.50 Hogs120,00019.05 Silage0 Grain Sorghum 0 Total $16,902,369-43.49

47. The Economic Importance of Tourism in Faulkner County 2008 Data % Increase Total Travel Expenditures $81,845,951-1.19 Visitors378,509-5.22 Total Travel Expenditure Per Person $216.234.25 State Tax Receipts $4,996,119-0.80 Local Tax Receipts $1,373,789-1.04 Number Employed 989-2.56 Payroll$15,313,227-1.17 Average Annual Pay $15,4841.43

48. 2009 Employment and Earnings for Faulkner County FirmsEmployees Annual Earnings Average Earnings Government375,836$206,090,033$35,314 Private263432,527$1,118,107,650$34,375 Percent Government 1.417.918.42.7

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