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Top 10 Best Performing Santa Fe Industries

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Branch Realty Commercial Advisors analyzed and highlights the top 10 most important jobs created and lost since 2003. Trends that will shape Santa Fe’s economic future for the next 10 years will look …

Branch Realty Commercial Advisors analyzed and highlights the top 10 most important jobs created and lost since 2003. Trends that will shape Santa Fe’s economic future for the next 10 years will look markedly different even from today’s job market. Although the City of Santa Fe presented its labor findings yesterday, this economic “shift-share” analysis goes much deeper into the heart of where our private economic base stands relative to the national economy in this new post-recession era.

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  • 1. Santa Fe I N D U S T R Y 2011 Economic Base Analysis Best 2 0 1 1 Branch Realty Commercial Advisors today analyzed and highlights the top 10 most important jobs created and lost since 2003. Trends that will shape Santa Fe’s economic future for the next 10 years will look markedly different even from today’s job market. Although the City of Santa Fe presented its labor findings yesterday, this Jobs economic “shift-share” analysis goes much deeper into the heart of where our private economic base stands relative to the national economy in this new post-recession era. The simple creation of jobs based on quantity does little to help Santa Feans way of life, their prosperity, or their long-term family security. We can line up Airport Road with fast food restaurants all day long which will definitely create new jobs. However, it is the quality of jobs that is of paramount importance. These are the jobs that “import” dollars earned outside our localized market and thus gives Santa Fe a comparative advantage. 10 It is true that there has been a major shakedown of jobs all across the country, now dubbed the “Great Recession.” It was the dot-com bubble busting all over again but on a global, macro-economic scale. What was good about the dot-com bust, however, was that it weeded out the weak and non-performing—some deserved it, some didn’t. Probably the most exciting company to not only survive, but come out dominant from the dot-com crash, was Google. Having started out small as a company operated in the garage of a friend and employing a staff of three, Googles meteoric rise to a top name on the Internet would never occurred but for the City of Menlo Park and their economic development incubator “the Foundry”, which proactively seeks and promotes top these critical budding industries within their own ranks. When we analyze the core strengths and weaknesses of Santa Fe’s economy, it is critical to look at jobs created and lost relative to the new American economy. The following figures uses the latest location quotient data from the US Department of Labor, Bureau of Labor Statistics.Tuesday, April 26, 2011
  • 2. Santa Fe I N D U Crop Production S T R Y Industries in the Crop Production subsector grow crops mainly for food and fiber. The subsector comprises establishments, such as farms, orchards, groves, greenhouses, and nurseries, primarily engaged in growing crops, plants, vines, or trees and their seeds. Santa Fe County National New Establishments Employment 2003 10 50 2010 EXPORT JOBS 56 +14.13% CROP PRODUCTION Source: US Department of Labor, Bureau of Labor Statistics, 2011Tuesday, April 26, 2011
  • 3. Santa Fe E M P L O Y Wholesale Non-Durable Goods M E N T Industries in the Merchant Wholesalers, Nondurable Goods subsector sell nondurable goods to other businesses. Nondurable goods are items generally with a normal life expectancy of less than three years. Nondurable goods merchant wholesale trade establishments are engaged in wholesaling products, such as paper and paper products, chemicals and chemical products, drugs, textiles and textile products, apparel, footwear, groceries, farm products, petroleum and petroleum products, alcoholic beverages, books, magazines, newspapers, flowers and nursery stock, and tobacco products. Santa Fe County National New Establishments Employment 9 2003 508 2010 EXPORT JOBS 591 +15.19% WHOLESALE GOODS Source: US Department of Labor, Bureau of Labor Statistics, 2011Tuesday, April 26, 2011
  • 4. Santa Fe I N D Wood Manufacturing U S T R Y Industries in the Wood Product Manufacturing subsector manufacture wood products, such as lumber, plywood, veneers, wood containers, wood flooring, wood trusses, manufactured homes (i.e., mobile homes), and prefabricated wood buildings. The production processes of the Wood Product Manufacturing subsector include sawing, planing, shaping, laminating, and assembling of wood products starting from logs that are cut into bolts, or lumber that then may be further cut, or shaped by lathes or other shaping tools. The lumber or other transformed wood shapes may also be subsequently planed or smoothed, and assembled into finished products, such as wood containers. Santa Fe County National New Establishments Employment 8 2003 86 8. EXPORT JOBS +17.00% 2010 107 WOOD MANUFACTURING Source: US Department of Labor, Bureau of Labor Statistics, 2011Tuesday, April 26, 2011
  • 5. Santa Fe I N D U Clothing Stores S T R Y Industries in the Clothing and Clothing Accessories Stores subsector retail new clothing and clothing accessories merchandise from fixed point-of-sale locations. Establishments in this subsector have similar display equipment and staff that is knowledgeable regarding fashion trends and the proper match of styles, colors, and combinations of clothing and accessories to the characteristics and tastes of the customer. Santa Fe County National New Establishments Employment 2003 7 777 2010 975 EXPORT JOBS +17.65% CLOTHING STORES Source: US Department of Labor, Bureau of Labor Statistics, 2011Tuesday, April 26, 2011
  • 6. Santa Fe I N D U S T Telecommunications & Internet Service Providers R Y Industries in the Telecommunications subsector group establishments that provide telecommunications and the services related to that activity (e.g., telephony, including Voice over Internet Protocol (VoIP); cable and satellite television distribution services; Internet access; telecommunications reselling services). The Telecommunications subsector is primarily engaged in operating, and/or providing access to facilities for the transmission of voice, data, text, sound, and video. Transmission facilities may be based on a single technology or a combination of technologies. Santa Fe County National New Establishments Employment 6 2003 156 2010 EXPORT JOBS 174 +18.41% TELECOMMUNICATIONS Source: US Department of Labor, Bureau of Labor Statistics, 2011Tuesday, April 26, 2011
  • 7. Santa Fe I N D U S T R Y Health & Personal Care Services Industries in the Health and Personal Care Stores subsector retail health and personal care merchandise from fixed point-of-sale locations. Establishments in this subsector are characterized principally by the products they retail, and some health and personal care stores may have specialized staff trained in dealing with the products. Staff may include pharmacists, opticians, and other professionals engaged in retailing, advising customers, and/or fitting the product sold to the customers needs. Santa Fe County National New Establishments Employment 5 2003 330 EXPORT JOBS 2010 +19.30% 429 HEALTH & PERSONAL CARE Source: US Department of Labor, Bureau of Labor Statistics, 2011Tuesday, April 26, 2011
  • 8. Santa Fe I N D U MINING EMPLOYMENT S T R Y Industries in the Mining (except Oil and Gas) subsector primarily engage in mining, mine site development, and beneficiating (i.e., preparing) metallic minerals and nonmetallic minerals, including coal. The term "mining" is used in the broad sense to include ore extraction, quarrying, and beneficiating (e.g., crushing, screening, washing, sizing, concentrating, and flotation), customarily done at the mine site. Santa Fe County National New Establishments Employment 2003 4 42 2010 EXPORT JOBS 52 +21.99% MINING EXCEPT OIL & GAS Source: US Department of Labor, Bureau of Labor Statistics, 2011Tuesday, April 26, 2011
  • 9. Santa Fe I N D U S Wholesale Electronic Markets T R Y and Agents & Brokers Wholesale Electronic Markets and Agents and Brokers arrange for the sale of goods owned by others, generally on a fee or commission basis. They act on behalf of the buyers and sellers of goods. This subsector contains agents and brokers as well as business to business electronic markets that facilitate wholesale trade. Santa Fe County National New Establishments Employment 2003 3 73 EXPORT JOBS 2010 +34.71% 139 WHOLESALE ELECTRONIC MARKETS Source: US Department of Labor, Bureau of Labor Statistics, 2011Tuesday, April 26, 2011
  • 10. Santa Fe I N D U S Motion Picture and Sound Recording T R Y Motion Picture and Sound Recording establishments are involved in the production and distribution of motion pictures and sound recordings. Production is typically a complex process that involves several distinct types of establishments that are engaged in activities, such as contracting with performers, creating the film or sound content, and providing technical postproduction services. Santa Fe County National New Establishments Employment 2003 128 2 2010 357 EXPORT JOBS +64.35% MOTION PICTURE & SOUND RECORDING Source: US Department of Labor, Bureau of Labor Statistics, 2011Tuesday, April 26, 2011
  • 11. Santa Fe I N D U S Air Transportation Services T R Y Air Transportation Services provide air transportation of passengers and/or cargo using aircraft, such as airplanes and helicopters. The subsector distinguishes scheduled from nonscheduled air transportation. Scheduled air carriers fly regular routes on regular schedules and operate even if flights are only partially loaded. Nonscheduled carriers often operate during nonpeak time slots at busy airports. Santa Fe County National New Establishments Employment 2003 1 4 EXPORT JOBS 2010 +90.74% 38 AIR TRANSPORTATION Source: US Department of Labor, Bureau of Labor Statistics, 2011Tuesday, April 26, 2011