• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Decatur, TX: Economic Prospectus
 

Decatur, TX: Economic Prospectus

on

  • 499 views

Brian Kelsey's presentation at the Decatur EDC Business Appreciation Dinner held at the Civic Center in Decatur, TX, on February 19, 2013

Brian Kelsey's presentation at the Decatur EDC Business Appreciation Dinner held at the Civic Center in Decatur, TX, on February 19, 2013

Statistics

Views

Total Views
499
Views on SlideShare
405
Embed Views
94

Actions

Likes
0
Downloads
1
Comments
0

2 Embeds 94

http://civicanalytics.com 63
http://civ.makeitsodesign.com 31

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

CC Attribution License

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Decatur, TX: Economic Prospectus Decatur, TX: Economic Prospectus Presentation Transcript

    • Decatur, TX: Economic ProspectusDecatur EDCBusiness Appreciation DinnerDecatur Civic CenterFebruary 19, 2013
    • Economic Prospectus• Decatur is a growing community offering a competitive environment for investment• Location advantages (DFW, I-35, West Texas) for manufacturing, wholesale, energy• Health care driving diversification of local economy away from basic services• Promising opportunities for linking economic and workforce developmentFebruary 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Talking PointsSource: Texas Comptroller• Resilient economy: Tax base recovered nearly all pre-recession value by end of 2011• Competitive business environment: 2011 was second best year on record for total sales at local businesses ($895 million)• Primary industry growth: manufacturing sales up 78% during 2002-2011 Note: All data adjusted for inflation (2011 dollars). Texas Comptroller has not released 2012 data yet.February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Population GrowthSource: U.S. Census Bureau, Total Population Growth, 2000-2010Wise County 21% Texas 21% Decatur 16% Current Estimate: 6,114 (2011) U.S. 10% 0% 5% 10% 15% 20% 25%February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Total Industry SalesSource: Texas Comptroller, % Change in Inflation-Adjusted Gross Sales (2011 Dollars), 2002-2011 Decatur 60% Texas 58%Fort Worth-Arlington 33% 0% 10% 20% 30% 40% 50% 60% 70%February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Total Industry SalesSource: Texas Comptroller, % Annual Change in Inflation-Adjusted Gross Sales (2011 Dollars) 25% 20% Decatur 15% 10% Fort Worth-Arlington 5% 0% -5%-10%-15%-20% 2003 2004 2005 2006 2007 2008 2009 2010 2011February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Taxable SalesSource: Texas Comptroller, % Change in Inflation-Adjusted Gross Sales (2011 Dollars), 2002-2011 Decatur 28% Texas 19%Fort Worth-Arlington 14% 0% 5% 10% 15% 20% 25% 30%February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Taxable SalesSource: Texas Comptroller, % Annual Change in Inflation-Adjusted Taxable Sales (2011 Dollars) 25% 20% 15% 10% 5% Decatur 0% Fort Worth-Arlington -5%-10%-15%-20% 2003 2004 2005 2006 2007 2008 2009 2010 2011February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Total Industry SalesSource: Texas Comptroller, Inflation-Adjusted Growth in Gross Sales (2011 Dollars) Decatur Decatur FW-Arlin 2011 2002-11 2002-11Retail trade $332,265,734 9% 21%Wholesale trade $138,761,378 22% 18%Manufacturing $59,610,260 78% 86%Information $12,640,759 -34% -42%Construction $5,167,333 -27% 49%Prof, sci, tech svcs $4,785,637 12% 0%February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Taxable Property ValueSource: Texas Comptroller, % Annual Growth, Inflation-Adjusted (2011 Dollars)16% Taxable property in Decatur totaled 13.8% approximately $582 million in14% 2011, up 61% from 2001.12%10% 8.4% 8% 7.3% 7.0% 6.0% 6% 5.0% 4% 2.7% 2% 1.6% 0.4% 0% -2% -2.6% -4% 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Business EstablishmentsSource: U.S. Census Bureau, % Change, 2004-2010Decatur (76234) 16% Texas 6% DFW 5% U.S. 0% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% Note: Zip code used due to lack of reliable business and employment data for city limits.February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Business EstablishmentsSource: U.S. Census Bureau, Annual % Change12% Decatur (76234)10% 8% 6% 4% Dallas-Fort Worth-Arlington 2% 0% -2% -4% 2004 2005 2006 2007 2008 2009 2010February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Small BusinessesSource: U.S. Census Bureau, % Total Business Establishments by Employee Size Range, Decatur (76234), 201060% 53.2% Small businesses with fewer than 10050% employees created 80% of all net new jobs at locally-owned businesses in Wise County between 1995 and 2009.40% Decatur (76234) had seven businesses with 100+ employees in 2010: retail30% trade (3), energy (1), manufacturing (1), transportation & warehousing 19.4% (1), and health care & social assistance20% (1). 12.6% 10.6%10% 2.8% 0.9% 0.4% 0.2% 0.0% 0% 1-4 5-9 10-19 20-49 50-99 100-249 250-499 500-999 1000+February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Total EmploymentSource: U.S. Census Bureau, % Change, 2004-2010Decatur (76234) 38% Texas 8% DFW 2% U.S. -3% -5% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45%February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Total EmploymentSource: U.S. Census Bureau, Annual % Change 25% 20% 15% 10% Decatur (76234) 5% 0% Dallas-Fort Worth-Arlington -5%-10% 2004 2005 2006 2007 2008 2009 2010February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Diversifying EconomySource: U.S. Census Bureau, % Total Business Establishments, Decatur (76234) 1998 2010Retail trade 19% 13%Health care and social assistance 10% 17%Accommodation and food services 10% 10%Construction 8% 10%Finance and insurance 8% 6%Professional, scientific, technical services 6% 7%Transportation and warehousing 5% 3%Manufacturing 4% 3%February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Health Care SpecializationSource: U.S. Census Bureau, % Total Business Establishments, 2010 Decatur DFW (76234) MSAHealth care and social assistance 17% 11%Retail trade 13% 13%Construction 10% 7%Professional, scientific, tech services 7% 13%Mining, quarrying, oil & gas extraction 4% 1%Manufacturing 3% 4%Transportation and warehousing 3% 3%February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • “Eds and Meds” Workforce Source: U.S. Census Bureau, % Civilian Employed Population Age 16+ in Decatur, 2011Decatur 34% U.S. 23% Texas 21% DFW 18% 0% 5% 10% 15% 20% 25% 30% 35% 40%February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Economic Development• Increasingly about partnerships and regional collaboration—”breaking down silos”• Flexible and responsive delivery systems for meeting workforce needs of employers are highly competitive assets• Successful regions have strong leaders that balance short-term and long-term goalsFebruary 19, 2013 | Decatur EDC Business Appreciation Dinner
    • economic development organization intermediary/connector/coordinator Northeast Ohio Speed‐To‐Market Accelerator will employ a step‐by‐step process to help accelerate the commercialization of products, increase the global competitiveness of cluster companies, attract additional private capital to the region, and attract students, incumbent workers, and the unemployed to educational and training programs.entrepreneurship education/workforce industry partner partner partner http://www.nortech.org/news-room/press-releases/northeast-ohio-winner-of-white-house-jobs-and-innovation-accelerator-challenge
    • Postsecondary EducationSource: U.S. Census Bureau, % Population Age 25+ With Postsecondary Degree (Associate-Ph.D.), 2011 DFW 38% U.S. 36% Texas 32%Decatur 28% 0% 5% 10% 15% 20% 25% 30% 35% 40%February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • “Whether from renewed optimism in the economy, or a realization that talent cannot be ignoredlong-term, decision-makers have again elevated human capital above many cost factors.”http://www.areadevelopment.com/AnnualReports/Winter2012/26th-Corporate-Consultants-RE-survey-results-287677888.shtmlFebruary 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Postsecondary Education Source: U.S. Bureau of Labor Statistics • 37% (7.5M) of all new jobs in U.S. expected by 2020 will require postsecondary degree • 16 out of top 25 fastest growing occupations in U.S. will require postsecondary degree • 91 out of top 100 highest paying occupations in U.S. require postsecondary degreeNote: Postsecondary here means everything from training certificate to Ph.D. February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Postsecondary EducationSource: U.S. Bureau of Labor Statistics, Median Wage for U.S. Occupations by Education Required, 2010 Doctoral or professional degree $87,500 Bachelors degree $63,430 Associates degree $61,590 Masters degree $60,240Postsecondary non-degree award $34,220High school diploma or equivalent $34,180 Less than high school $20,070 $0 $20,000 $40,000 $60,000 $80,000 $100,000February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • http://www.prosperity2020.com
    • http://www.austinchamber.com/education-talent/education-initiatives/
    • http://www.reditn.com/redi-college-access
    • http://www.tuscaloosanews.com/article/20120914/NEWS/120919880/1291/
    • http://www.louisianaeconomicdevelopment.com/incentives--programs/led-faststart.aspx
    • Workforce PartnershipsSource: infoUSA, Fabricated Metal Product Manufacturing in Decatur Typical Entry-Level Typical On-The-Job Education Needed Training Needed Machinists High School 12+ Months Welders High School 1-12 Months Structural Metal Fabricators/Fitters High School 1-12 Months Computer- Controlled Machine Tool Operators High School 1-12 Months Cutting, Punching, and Press Machine Setters High School 1-12 Months Lathe and Turning Machine Tool Setters High School 1-12 MonthsFebruary 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Summary• Third-party analysis of readily available data shows Decatur economy on solid footing• Invest in education/workforce partnerships with prospects and existing businesses• Communicate realities of labor market to students—and invite them to participateFebruary 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Texas: Staring Down the Skills GapSource: EMSI, Estimated % Workforce in Texas by Age Group, 2012February 19, 2013 | Decatur EDC Business Appreciation Dinner
    • Brian Kelsey Civic Analytics LLC brian@civicanalytics.com 512-731-7851 http://civicanalytics.com @brianjkelsey linkedin.com/in/brianjkelseyFebruary 19, 2013 | Decatur EDC Business Appreciation Dinner