naiop slide show

7/29/2019 NAIOP Slide Show

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11

ABQ Economic Crossroads:Analytics & Roadmaps

Mayor Richard J. Berry- NAIOP- February 25, 2013


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ALBUQUERQUE METROPOLITAN AREA

Peer Comparison of Economic

Performance and Underlying DriversFebruary 20, 2013


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Cities: Albuquerque, Belen, Moriarty, Los Lunas & Rio Rancho

Towns: Bernalillo, Estancia, Mountainair, Peralta

Villages: Bosque Farms, Corrales, Cuba, Encino, Jemez Springs, LosRanchos de Albuquerque, San Ysidro, Tijeras, Willard

ABQ = 60% OF THE METRO POPULATION

Albuquerque Metropolitan Area


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Colorado Springs CO

El Paso TX

Oklahoma City OK

Salt Lake City UT

Tucson AZ

PEER CITIES


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ABQ METRO PERFORMANCEOUTPERFORMS

U.S AVERAGE

POSITIVE JOBSOUTLOOK

UPSIDEPOTENTIAL


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66

80

100

120

140

160

180

90 92 94 96 98 00 02 04 06 08 10 12

ALB COL ELPOKL SLC TUC

U.S.

ABQ Metro Slower Employment Growth

Payroll employment % Growth, 1990=100

Sources: BLS


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77

90

110

130

150

170

190

90 92 94 96 98 00 02 04 06 08 10 12

ALB COL ELPOKL SLC TUC

U.S.

ABQ Metro Lacks Private Sector Employment

Private service employment, 1990=100

Sources: BLS, Moodys Analytics


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88

0 5 10 15

Colorado Springs

Albuquerque

Tucson

U.S.

Salt Lake City

Oklahoma City

El Paso

Many Highly Educated Workers

Sources: Census Bureau, Moodys Analytics

Residents with a graduate or professional degree, 2011, %


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99

0 1 2 3 4 5 6

New Mexico

Utah

Colorado

U.S.

Arizona

Texas

Well-Funded University Research


Academic R&D spending per $1,000 of output, $, 2007


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1010

75

100

125

150

175

200

225

250

90 95 00 05 10

AlbuquerqueU.S.Peer group avg

Industry Job Growth % Has Been Below Avg

Professional services employment,1990=100



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1111

0 1 2 3 4 5 6

New Mexico

Utah

Colorado

U.S.

Arizona

Texas

Well-Funded University Research


Academic R&D spending per $1,000 of output, $, 2007


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1212

0 5 10 15 20 25

Colorado

U.S.

Utah

Arizona

Texas

New Mexico

Spinning Off Less Private Research


Industry R&D spending per $1,000 of output, $, 2007


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1313

0 1,000 2,000 3,000

Colorado

U.S.

Utah

Texas

New Mexico

Oklahoma

Attracting Less Private Investment

Sources: PriceWaterhouse Coopers Money Tree Survey, Moodys Analytics

Per-capita venture capital equity investment, 2000-2012, $


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-2,000-1,500

-1,000

-500

0

500

1,000

1,500

2,000

2007 2008 2009 2010 2011 2012

Federal Local State

Locals and Feds Lead Public DeclinesAlbuquerque government jobs, change from previous year, #



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-8,000

-7,000

-6,000

-5,000

-4,000

-3,000-2,000

-1,000

0

1,000

2,0003,000

2007 2008 2009 2010 2011 2012

Employment Changes Since Recession


Payroll employment, change from previous quarter, #, SA


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90

100

110

120

130

140

150

160

170

90 92 94 96 98 00 02 04 06 08 10 12

ALB COL ELP OKL

SLC TUC US

Stable Public Sector Performance

Government employment, 1990=100



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95

100

105

110

115

120

125

12 13 14 15 16 17 18 19 20

ALB COL ELP OKL

SLC TUC U.S.

If We Dont Act Now

Employment, 2012=100

Sources: BLS


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0 10 20 30 40 50

ELP

SAY

TUC

COO

OKL

ALB

Lack of Exports Constrains Economy

Sources: BEA, International Trade Administration, Moodys Analytics

Exports, % of gross metro product


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Southwest States & Mexico


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2020

Right to Work


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According to the Kaufman Foundation

Texas A+

Oklahoma A+Utah A+

Arizona C

New Mexico C-

STATE TAX CLIMATES MATTER


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ABQ Economic Development Components

J OBS

Business

ClimateEducation /

Workforce Dev.

Exports/International Trade

Tourism / Arts& Culture

Private SectorTech Transfer

Entrepreneurship

Recruit/Retain/Expand

Bolster Public

Sector

Public PolicyTax & Reg

VentureCapital

Marketing theMetro


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Summary

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