March Economic Update
Upcoming SlideShare
Loading in...5
×
 

March Economic Update

on

  • 597 views

 

Statistics

Views

Total Views
597
Views on SlideShare
597
Embed Views
0

Actions

Likes
0
Downloads
1
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

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

March Economic Update March Economic Update Presentation Transcript

  • Dr. M. Ray Perryman
  • History
  • The Metropolitan Statistical Area (MSA) including Killeen-Temple-Fort Hood
    • Ranks #5 among all MSAs in Texas in economic strength for four consecutive years(Policom.com)
    • 14 th fastest growing MSA in the Nation. (US Census Bureau)
    • Ranks #1 in affordable housing (Coldwell Banker Home Price Index, 9/26/2007)
    • Ranks No. 1 in renter livability (apartmentratings.com)
  • Current Indicators
  • Population Trends Source: Texas State Data Center 9.70% 59,796 54,514 Temple 40.20% 3,015 2,150 Nolanville 18.30% 8,031 6,786 Lampasas 30.00% 112,998 86,911 Killeen 45.40% 25,160 17,308 Harker Heights 4.10% 16,223 15,591 Gatesville 9.40% 32,365 29,592 Copperas Cove 15.90% 16,953 14,623 Belton Percent Change 2000-2008 Jan. 2008 Estimate 2000 Base
  • Population Trends Source: Texas State Data Center 15.60% 24,105,417 20,851,820 Texas 13.50% 375,556 330,714 Region/MSA 18.60% 21,062 17,762 Lampasas County 2.40% 76,757 74,978 Coryell County 16.70% 277,743 237,974 Bell County Percent Change 2000-2008 Jan. 2008 Estimate 2000 Base
  • Unemployment Trends Source: Texas State Data Center +3.1 5.4 8.5 United States +2.1 4.7 6.8 State of Texas +1.5 5.0 6.5 Killeen-Temple-Fort Hood MSA Difference Jan-08 Jan-09
  • Housing
    • Months of Inventory…………………………..10
    • January 2009 Home Sales…………………..136
    • February 2009 Home Sales……........147 (+8%)
    • Typical Monthly Volume………………..…….200
    • Source: Jose Segarra
  • Housing -15.0% 2008 US Avg Source: Jose Segarra +2.94% 2008 Fort Hood Region Avg $125,087 (+8%) February 2009 Avg Price $114,000 January 2009 Avg Price
  • Killeen Building Permits
  • Killeen Retail Sales Retail Sales increase from $1.3 billion in 2000 to $2.3 Billion in 2007
  • Sales Tax Revenues Source: Texas Comptroller of Public Accounts 1.50% $1,030,834,183 $1,046,328,600 Texas/1133 Cities -4.64% $4,088,816 $3,898,981 Temple -15.18% $34,633 $29,375 Nolanville 4.97% $310,415 $325,838 Lampasas -11.73% $5,094,857 $4,497,345 Killeen 41.13% $838,580 $1,183,491 Harker Heights -0.11% $391,467 $391,035 Gatesville -0.97% $884,205 $875,659 Copperas Cove 2.89% $787,989 $810,777 Belton % Change 2008 Payments 2009 Payments
  • Sales Tax Revenue – February 2009 Metroplex -10.91% Dallas I35 Corridor -4.61% San Antonio -13.82% Austin -23.16% Round Rock -27.3% Georgetown -2.6% State of Texas Gulf Coast +58.04% Beaumont +15.49% Galveston Source: Comptroller of Public Accounts +8.69% Sugarland +4.5% Houston
  • Going Forward
  • Community Strengths
    • Fort Hood - $10.9 billion annual economic impact.
    • Growing population.
    • Location.
    • Positive business climate.
    • Talent, especially the pool of skilled veterans separating from the Army at Fort Hood.
    • Strong defense contracting community.
  • Community Strengths Continued
    • Racial/ethnic diversity and integration.
    • Growing and affordable housing stock.
    • Large inventory of service, retail and dining establishments.
    • Central Texas Workforce Center.
    • Killeen-Fort Hood Regional Airport.
    • New convention center complex.
    • Educational institutions.
  • Growth Opportunities
    • Targeted Industrial Clusters
    • Retail Sales
    • Fort Hood Stabilization, Growth and Diversity
    • Texas A&M University – Central Texas
    • New Economy
  • Targeted Industrial Clusters
    • Defense
    • Healthcare and Bioscience
    • Information Technology
    • Business Services
    • Transportation and Logistics
  • Retail Sales
  • 2007 Retail Gap Analysis
  • 2007 Retail Gap Analysis $19,202 Trade Area Per Capita Income $54,164 Trade Area Household Income 226,930 Trade Area Population
  • 2007 Retail Gap Analysis
    • 52 Retail Sectors
    • 4 with Sales Surpluses
    • - Mobile Home Sales
    • - Motorcycle Dealers
    • - Hobby, Toy and Game Shops
    • - Misc. Retail Sales
  • 2007 Retail Gap Analysis $1,120,572,000 (47%) Leakage $1,282,000,000 (53%) Estimated Sales $2,402,573,000 Potential Sales
  • Fort Hood Stabilization, Growth, and Diversification
    • Economic Impact of the Volunteer Army
    • Lilly Pad / Shock Absorber Effect
    • Medical Center
    • Second Runway
  • Texas A&M University – Central Texas Academic Economic Impact 933 $54.8 million 3,500 1926 $106.5 million 6,500 677 $37.2 million 2,500 258 $14.2 million 1,000 Employment Annual Impact Students
  • Texas A&M University – Central Texas Research and Development Impact
    • Technology Research Center
    • Emerging Technologies
      • Healthcare
      • Defense
    • Commercialization
  • New Economy
  • New Economy
    • Manufacturing/Goods to Service/Knowledge
  • New Economy
    • Place – Talent – Innovation are Linked
  • New Economy
    • Military Communities Have access to Talent
  • New Economy
    • Talent will populate, attract and create companies
  • New Economy
    • Talent is Mobile
  • New Economy
    • Talent will reside where it can live first, work second
  • New Economy
    • Quality of Place is important
  • New Economy: Summary
    • Manufacturing/Goods to Service/Knowledge
    • Place-Talent-Innovation are Linked
    • Military Communities have access to talent
    • Talent will populate, attract and create companies
    • Talent is mobile
    • Talent will reside where it can live first, work second
    • Quality of Place is important
  • Place Design
  • Characteristics of Place Design
    • Authenticity
    • Access to technology
    • Horizontal career paths
    • Immigration
    • Low barriers to entry
    • Diversity
    • Tolerance
    • Lifestyle opportunities
  •  
  •