the 2010 faulkner county economic report
DESCRIPTION
The 2010 Faulkner County Economic Report. 60 th Annual Report. Dr. Pat Cantrell. Dean of the College of Business. David Teaster Intern UCA Economics Major Amber Hall Project Specialist Office of Institutional Research. Themes. 2009- From Cotton to Computers - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/1.jpg)
![Page 2: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/2.jpg)
The 2010 Faulkner County Economic
Report
60th Annual Report
![Page 3: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/3.jpg)
Dr. Pat CantrellDean of the College of Business
![Page 4: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/4.jpg)
David TeasterIntern
UCA Economics Major
Amber HallProject Specialist
Office of Institutional Research
![Page 5: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/5.jpg)
Themes2009- From Cotton to
Computers2008 - Conway and Oasis In
Arkansas2007 - We Have Gas2006 - Conway is Growing and You Can Bank on it2005 – The Billion Dollar
Economy2004- ABC’s of Conway
(Apartments, Banks and Churches)
![Page 6: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/6.jpg)
![Page 7: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/7.jpg)
National Economy
![Page 8: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/8.jpg)
Gross Domestic Product
Percent Increase over Previous Year
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
4.5% 4.4%4.8%
4.1%
1.1%1.8%
2.5%
3.6%3.1%
2.7%1.9%
0.0%
-2.6%
2.8%
![Page 9: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/9.jpg)
Unemployment Rate
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
4.0%4.7%
5.8%6.0%5.5%5.1%4.6%4.6%5.8%
9.3%9.4%
![Page 10: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/10.jpg)
2010 Monthly Unemployment Rate
January
Febru
aryMarc
hApril May
June
July
August
Septem
ber
October
November
Decem
ber0.0
2.0
4.0
6.0
8.0
10.0
12.0
9.4 US7.9 Arkansas6.8 Faulkner5.8 Conway
![Page 11: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/11.jpg)
Average Annual Unemployment Rate
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20100.0
2.0
4.0
6.0
8.0
10.0
12.0
9.7 US
7.4 Faulkner7.7 Arkansas
6.3 Conway
![Page 12: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/12.jpg)
Consumer Price Index (CPI)
2005 2006 2007 2008 2009 2010
3.4
2.52.8
3.8
-0.4
1.6
![Page 13: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/13.jpg)
CPI for All Urban Consumers
(Seasonally Adjusted)2009 2010Energy -18.4 7.3Medical Care 3.2 2.9Food 1.9 1.8Other Goods & Services 6.7 1.9Housing 0.4 0.4Education & Communications 3.0 1.2Transportation -8.3 5.4Recreation 0.9 -0.6Apparel 1.0 0.0All Items -0.4 1.6
![Page 14: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/14.jpg)
Dow Jones Industrial AverageYearend Closing
1985
1987
1989
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000 13,265
8,776
11,578
![Page 15: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/15.jpg)
Family Units Constructed
2003 2004 2005 2006 2007 2008 2009 2010
645 502 488 407 314 192 259 223
2014 24 27 90
52 28 58
70 224
1010
16844
689846
668
Single Family Duplex Multi-Family
1133
760
1532
602448
933
735949
![Page 16: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/16.jpg)
Value of Building Permits (In Million Dollars)
20002001200220032004200520062007200820092010
87 98 104136 141
199
159
120141 146 151
![Page 17: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/17.jpg)
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
251 257 278347
432489 504 529
348312
393
Faulkner County Real Estate Sales(In Millions of Dollars)
![Page 18: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/18.jpg)
Population of Conway and Faulkner County
1950 1960 1970 1980 1990 2000 2005 2010
8,600 9,791 15,51020,375 26,326
43,16752,262
58,908
25,289 24,30331,578
46,19260,006
86,014
104,500113,237
Conway Linear (Conway)Faulkner County Linear (Faulkner County)
52% of Faulkner County’s population reside in Conway
![Page 19: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/19.jpg)
Faulkner County Births and Deaths per Year
Year Births DeathsNet Gain
Birth to Death Ratio
Arkansas Birth to Death Ratio
2010 1,545 811 734 1.9 1.52009 1,540 756 784 2.0 1.52008 1,392 746 646 1.9 1.52007 1,481 737 717 2.0 1.52006 1,530 726 807 2.1 1.42005 1,398 717 736 1.9 1.42004 1,365 684 681 2.0 1.32003 1,314 685 629 1.9 1.32002 1,314 668 646 2.0 1.32001 1,202 616 586 2.0 1.3
Ten Year Summary 11,738 5,231 7,368 2.0 0
![Page 20: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/20.jpg)
Faulkner County Property Tax Assessment Values 2010Real Estate All Property
Amount%
Increase Amount%
Increase$1,257,743,19
7 4.0$1,597,539
,477 4.8
2010 Tax Assessment Values in Conway City Limits
Real Estate
Percent of Faulkner
CountyAll
Property
Percent of Faulkner County
$708,741,482 56.40
$914,665,405 57.30
![Page 21: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/21.jpg)
Cost of Living Comparison
Composite Difference
Average Rent
Average Home
Conway 86.6 0.0 $525 $245,802
Fort Smith 86.1 -0.5 $458 $236,080
Fayetteville 92.1 5.5 $587 $231,964
Hot Springs 93.8 7.2 $612 $259,383
Little Rock- N Little Rock 96.5 9.9 $746 $261,610
San Francisco 164.0 77.4 $2,264 $813,300
Houston, TX 92.2 5.6 $858 $224,048
Dallas, TX 91.9 5.3 $702 $197,358
San Jose, CA 156.1 69.5 $1,537 $781,361
National Avg. 100.0 13.4 $810 $293,442
![Page 22: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/22.jpg)
2009 Violent and Property Crimesper Thousand Population
Conway Fayetteville Jonesboro Little Rock Arkansas US
4.5 4.3 4.614.5
5.2 4.6
43.438.7
47.7
82.4
37.732.1
Violent Crimes Property Crimes
MurderRapeRobberyAggravates Assault
BurglaryLarceny-theft
Motor Vehicle Theft
![Page 23: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/23.jpg)
Conway CorporationRevenues, Capital
Expenditures and Number of Customers
All DepartmentsResidential
Electric Customers
YearRevenue(Millions)
Capital Expenditures Number % Increase
Population Estimate
2010 $95.1 $10.3 25,237 3.2 58,908
2009 $92.6 $10.6 24,464 4.3 60,671
2008 $85.6 $9.7 23,453 1.7 58,163
2007 $84.4 $9.6 23,062 3.3 57,194
2006 $81.1 $7.9 22,316 5.8 55,344
2.33 Residents per Residential Electric Meter
![Page 24: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/24.jpg)
Faulkner County Sales Tax Receipts
Year1/2% Sales Tax
ReceiptsChange OverPrevious Year
2010 $7,472,974 $145,8992009 $7,327,074 -$80,8422008 $7,407,916
Year 1% Sales Tax
CollectionsChange Over
Previous Year 2010 $12,102,898 $546,5642009 $11,556,334 -$52,5812008 $11,608,915
Conway Sales Tax Receipts
![Page 25: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/25.jpg)
Estimated Retail Sales for 2010
Conway $1,249,605,828
Faulkner County $1,566,845,200
80% of all Faulkner County Sales Occur in Conway
![Page 26: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/26.jpg)
Conway Advertising and Promotion Tax
2% of Hotel and Restaurant Sales
2009 2010 % Change
Hotels $318,502 $347,602 9.1%Restaurant* $2,573,883 $2,627,481 2.1%
Total $2,892,385 $2,975,083 2.9%* Does not include tax on alcoholic beverages for 2010
![Page 27: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/27.jpg)
Motel Sales21 Hotels and One Bed and
Breakfast % Change
2010 $17,5920,240 7.2%2009 $ 16,404,114 -6.2%2008 $17,485,927
![Page 28: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/28.jpg)
Top Five Hotels by Annual Sales
$2,521,545
$1,581,092
$1,449,652
$1,434,895
$1,325,391
1. 4.
5.2.
3.
![Page 29: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/29.jpg)
Restaurant SalesIncludes Alcoholic Beverage Sales
Sales % Change2010 $140,014,531 7.0%2009 $130,911,971 5.5%2008 $124,115,600
![Page 30: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/30.jpg)
Top Ten Restaurant by Annual Sales
(Does not include alcoholic beverage sales)1.
4.
8.
5.
7. 9.
6.
2. 3.
10.
$3,950,036 $3,690,003 $3,625,022
$3,611,524 $3,202,551 $2,940,872
$2,763,293 $2,662,961$2,644,305
$2,611,287
Salem
Oak Street
Hwy. 65 N.
Dave Ward Drive
![Page 31: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/31.jpg)
Number of Banking Institutions in Faulkner County and Total Deposits
Number of Number of Total Amount of PercentInstitutions Offices Deposits* Increase* Increase
2010 15 58 $1,582,979 $120,960 8.3
2009 15 57 $1,462,019 $101,304 7.4
2008 15 58 1,374,715 8,761 0.6
2007 15 57 1,351,954 28,365 2.1
2006 15 52 1,323,589 77,686 6.2
2005 14 48 1,245,903 139,228 12.6
2004 14 48 1,106,675 33,748 3.1
* In Million Dollars
![Page 32: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/32.jpg)
Market Share of Faulkner County Bank
DepositsCentennial Bank
First Security BankRegions Bank
Metropolitan BankBank of America
SimmonsArvest Bank
Bank of the OzarksHome Bank of Arkansas
First Service Bank of GreenbrierNational Bank of Arkansas
First Arkansas Bank & TrustUS Bank
River Town BankHeber Springs State Bank
0 5 10 15 20 25 30 3532.7
23.612.5
4.44.24.13.9
3.23.1
2.51.81.51.4
0.90.2
![Page 33: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/33.jpg)
Bank Earnings of Institutions Represented in Faulkner County (Year to Date as of June 30)
%Return on Assets2009 2010
Bank of Ozarks 1.42 1.941st Security Bank 1.30 1.931st Service Bank 1.13 1.61Centennial Bank 0.14 1.30Heber Springs 1.05 1.05First Service Bank 1.30 1.02US Bank 0.85 0.98River Town Bank 0.53 0.91Simmons First National Bank 0.73 0.84Bank of America 0.47 0.44National Bank of Arkansas 0.49 0.34Arvest Bank 0.62 0.30Home Bank of Arkansas 0.53 -0.32Regions Bank -0.22 -0.35Metropolitan National Bank -5.04 -.71
Average 0.35 0.75
![Page 34: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/34.jpg)
Faulkner County Motor Vehicle Registration
(In Thousands of Vehicles)
1990
1995
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
39.051.1
64.866.268.370.775.375.978.780.784.486.989.1
![Page 35: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/35.jpg)
2010 Natural Gas ProductionBy County
(Through November 10, 2010)
County Number of Wells MCF Estimated Value
Cleburne 372 83,037,287 $338,600,980
Conway 638 145,299,782 $601,454,088
Faulkner 251 45,438,300 $186,840,230
Franklin 21 139,005 $581,828
Independence 43 5,010,237 $20,572,201
Jackson 25 3,465,135 $14,539,021
Johnson 6 0 $0
Pope 41 2,741,689 $11,499,862
Van Buren 947 216,441,863 $898,812,006
White 876 201,661,079 $840,753,040
Total 3229 703,234,327 $2,913,653,257
3229 wells with $2.9 billion production
![Page 36: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/36.jpg)
Severance Tax RevenueYear Gross
Revenue2010 $54,484,821
2009 $27,468,970
2008 $1,314,723
2007 $800,330
2006 $603,753
2005 $530,737
2004 $516,136
2003 $506,136
![Page 37: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/37.jpg)
Lottery SalesAnnual Sales 2010
County Sales Rank
Faulkner $17,448,701 5
Pulaski $93,399,321 1
Jefferson $21,671,772 2
Washington $18,894,036 3
Saline $18,019,061 4State Total $459,916,256
![Page 38: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/38.jpg)
Arkansas Scholarship Lottery Monthly Sales
2009 2010 2011 Percent
ChangeOctober $39,311,623 $36,716,063 -6.6
November $43,538,309 $35,501,321 -18.5
December $41,292,333 $39,762,737 -3.7
January $40,187,052 $39,663,372 -1.3
February $44,980,222 $40,523,209 -9.9
![Page 39: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/39.jpg)
2010 Annual Lottery Sales Per Capita
CountySales Per
Capita RankPer Capita
Income RankFaulkner $163 30 10Dallas $397 1 52Nevada $369 2 73Arkansas $345 3 5Jefferson $277 6 27Conway $272 7 20Montgomery $45 75 74State Average $267
![Page 40: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/40.jpg)
2009 Employment and Earnings for Faulkner
CountyFirms Employees
Annual Earnings
Average Earnings
Government 58 6,406 $261,327,564 $40,794
Private 2,635 31,725 $1,090,451,700 $34,372
Total 2,693 38,131 $1,351,779,264 $38,133
Percent Government
2.2 16.8 19.3 107
![Page 41: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/41.jpg)
![Page 42: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/42.jpg)
Any Questions?
![Page 43: The 2010 Faulkner County Economic Report](https://reader036.vdocument.in/reader036/viewer/2022062310/5681697c550346895de184af/html5/thumbnails/43.jpg)
Thank You