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ENCORE Fayette - Fayette County Economic Overview

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An overview of Fayette County, Georgia's economy and how we do economic development as presented to the ENCORE Fayette class of 2013.

An overview of Fayette County, Georgia's economy and how we do economic development as presented to the ENCORE Fayette class of 2013.

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  • 1. An Economic OverviewFayette County, Georgia Thursday, February 14, 2013
  • 2. POPULATION 8
  • 3. Demographics Population: 111,150 Average Household Income: $90,608 Cost of Living: 4.6% below national average Labor Force: 835,562
  • 4. Fayette County Census Breakdown Population Breakdown POPULATION Growth 2000 2010 Rate Fayette County Unincorporated Area 43891 48697 9.87% 120000 Peachtree City 31580 34364 8.10% Fayetteville 11148 15945 30.08% Tyrone 3916 6879 43.07% Brooks 553 524 -5.53% 100000 Woolsey 175 158 -10.76% Fayette County (ALL) 91263 106567 14.36% Daytime Population 80000 Woolsey Brooks 5.54% 0.31% 60000 Tyrone 19.58 36.60 % % 40000 Fayetteville 20000 37.97 Peachtree City % Unincorporated 0 Fayette 2000 2010 10
  • 5. Population by Age POPULATION - AGE Age 0-9 Age 10-29 Age 30-44 Age 45-64 Age 65+ 2000 2010 2000 2010 2000 2010 2000 2010 2000 2010 2000 2010 Growth Growth Growth Growth Growth Total Total % of Pop Rate % of Pop Rate % of Pop Rate % of Pop Rate % of Pop Rate Pop Pop Fayette County 5620 5172 -8.0% 11102 12306 10.8% 9987 7677 -23.1% 13376 17078 27.7% 3706 6434 73.6% (unincorporated) 43891 48697 12.8% 10.6% -17.2% 25.3% 25.3% 0.0% 22.8% 15.8% -30.7% 30.5% 35.1% 15.1% 8.4% 13.2% 57.1% Peachtree City 4698 4208 -10.4% 8195 8614 5.1% 7915 6182 -21.9% 8260 11237 36.0% 2512 4123 64.1% 31580 34364 5.1% 12.2% 139.2% 26.0% 25.1% -3.5% 25.1% 18.0% -28.3% 26.2% 32.7% 25.0% 8.0% 12.0% 50.0% Fayetteville 1604 1977 23.3% 2891 4177 44.5% 2821 3199 13.4% 2355 4353 84.8% 1477 2239 51.6% 11148 15945 14.4% 12.4% -13.9% 26.0% 26.2% 1% 25.3% 20.1% -20.6% 21.1% 27.3% 29.4% 13.3% 14.0% 5.3% Tyrone 526 940 78.7% 976 1641 68.1% 918 1395 52.0% 1178 2237 89.9% 318 666 109.4% 3916 6879 13.4% 13.7% 2.2% 25.0% 24.0% -4.0% 23.4% 20.3% -13.2% 30.1% 32.5% 8.0% 8.1% 9.8% 21.0% Brooks 65 55 -15.3% 135 131 -3.0% 122 86 -29.5% 163 201 23.3% 68 51 -25% 553 524 11.8% 10.5% -11.0% 24.4% 25% 2.5% 22.1% 16.4% -26.0% 29.5% 38.4% 30.2% 12.3% 9.7% -21.1% Woolsey 13 16 23.1% 53 30 -43.4% 35 21 -40.0% 51 59 15.7% 23 32 39% 175 158 7.4% 10.1% 36.5% 30.3% 19.0% -37.3% 20% 13.3% -33.5% 29% 37.3% 28.6% 13.1% 20.3% 55.0% Fayette County (ALL) 12526 12368 -1.3% 23352 26899 15.2% 21798 18590 -14.7% 25383 35165 38.5% 8104 13545 67.1% 91263 106567 8.0% 7.0% -12.5% 25.6% 25.2% -2.0% 23.9% 17.4% -27.2% 27.8% 33.0% 18.7% 8.9% 12.7% 43.0% Source: US CensusPopulation by Age, Summary Overall, Fayette County is ageing as a community. The population age 0-44 declined from 2000 to 2010 by 5,821 people, while the population age 45+ added 15,223 people. This has impacts on our schools and services as well as our business community. How will our medical services, education, transportation, shopping, housing need to change to meet the needs of this changing demographic? 11
  • 6. POPULATION – AGE BREAKDOWN 2000 Census, Fayette, by age 2010 Census, Fayette, by Age 11% 12% 0-9 0-9 11% 17% 13% 10-29 10-29 30-44 25% 30-44 33% 29% 32% 45-64 45-64 65+ 17% 65+50.0% 43.0%40.0%30.0% 18.7% 2000 57,676 16,20820.0% Change in10.0% -27.2% Growth Rate as 0-44 0.0% a Share of-10.0% -2.0% Population, 20 45+ 00 - 2010 2010 57,857 48,710 -12.5%-20.0%-30.0% 0-9 65+ 10-29 30-44 45-64-40.0% 0 50000 100000 150000 12
  • 7. Population by Race & Ethnicity POPULATION – RACE & ETHNICITY White Black Asian Hispanic Other 2000 2010 2000 2010 2000 2010 2000 2010 2000 2010 2000 2010 Growth Growth Growth Growth Growth Total Total % of Pop Rate % of Pop Rate % of Pop Rate % of Pop Rate % of Pop Rate Pop Pop Fayette County 34995 31934 -8.74% 6868 11655 69.7% 659 1008 53.0% 1027 3284 219.8% 342 915 167.5% (unincorporated) 43891 48697 79.7% 65.6% -17.7% 15.6% 23.9% 53.2% 1.5% 2.1% 40.0% 2.3% 6.7% 191.3% 0.8% 1.9% 137.5% Peachtree City 26873 26790 -0.3% 1894 2509 32.5% 1152 1811 57.2% 1184 2442 106.3% 477 812 70.2% 31580 34364 85.1% 78.0% -8.3% 5.9% 7.3% 23.7% 3.6% 5.3% 47.2% 3.7% 7.1% 91.9% 1.5% 2.4% 60.0% Fayetteville 8772 8345 -4.9% 1544 5223 238.3% 369 1053 185.4% 310 766 147.1% 153 458 199.3% 11148 15945 78.7% 52.3% -33.5% 13.9% 32.8% 136.0% 3.3% 6.6% 100.0% 2.8% 4.8% 71.4% 1.4% 2.9% 107.1% Tyrone 3646 4490 23.1% 132 1722 1204.5% 39 231 492.3% 57 246 431.6% 42 190 352.4% 3916 6879 93.1% 65.3% -29.9% 3.4% 25.0% 635.3% 1.0% 3.4% 240.0% 1.5% 3.6% 1.4% 1.1% 2.8% 154.5% Brooks 539 493 -8.5% 2 3 50.0% 7 3 -57.1% 3 20 566.7% 2 5 150.0% 553 524 97.5% 94.1% -3.5% 0.4% 0.6% 50% 1.2% 0.6% -50.0% 0.5% 3.8% 660.0% 0.4% 1.0% 150.0% Woolsey 166 149 -10.2% 6 5 -16.7% 2 0 -100.0% 1 2 100% 0 2 200% 175 158 94.9% 94.3% -0.6% 3.4% 3.2% -5.9% 1.1% 0.0% -100.0% 0.6% 1.3% 116.7% 0.0% 1.3% 130% Fayette County (ALL) 74991 72202 -3.7% 10446 21117 102.2% 2228 4106 84.3% 2582 6760 161.8% 1016 2382 134.4% 91263 106567 84.2% 67.8% -19.5% 11.4% 19.8% 73.7% 2.4% 3.9% 62.5% 2.8% 6.3% 125.0% 1.1% 2.2% 100% Source: US CensusPopulation by Age, Summary Fayette is becoming increasingly diversified. Tyrone was the only area to see real growth White populations. All other areas of the county saw declines in white population. Black populations grew in all areas of the county, seeing double or triple digit percentage growth in all but two areas. There is the strong potential that sometime this decade, Fayetteville will become a majority-minority area. It currently has a white population of 52.3%. 13
  • 8. Population by Race & Ethnicity – Metro Atlanta POPULATION – RACE & ETHNICITY, REGIONALDistribution of the 0-9 Population by Race/Ethnicity, Metro Atlanta 2010 14
  • 9. Distribution of the 10-29 Population (Millennials) by Race/Ethnicity, Metro Atlanta 2010 POPULATION – RACE & ETHNICITY, REGIONALDistribution of the 30-44 Population (Generation X) by Race/Ethnicity, Metro Atlanta 2010 15
  • 10. Distribution of the 45-64 Population (Baby Boomers) by Race/Ethnicity, Metro Atlanta 2010 POPULATION – RACE & ETHNICITY, REGIONALDistribution of the 65+ Population by Race/Ethnicity, Metro Atlanta 2010 16
  • 11. HOUSING 17
  • 12. Housing Permits for Single Family Construction BUILDING PERMITS Fayette Clayton Coweta Atlanta MSA # of % of ATL % of ATL % of ATL # of permits # of permits permits MSA MSA MSA 2012 (Jan – Jun) 4447 59 1.33% 23 0.52% 211 4.74% 2011 6291 71 1.12% 85 1.35% 336 5.34% 2010 6384 82 1.28% 143 2.24% 416 6.51% 2009 5421 75 1.38% 85 1.57% 314 5.79% 2008 11989 142 1.18% 403 3.36% 503 4.20% 2007 31089 355 1.14% 1238 3.98% 1120 3.60% 2006 53927 651 1.20% 2217 4.11% 1835 3.40% 2005 61558 906 1.47% 2106 3.42% 2049 3.33% 2004 57316 948 1.65% 2046 3.57% 1792 3.13% 2003 55033 907 1.64% 2519 4.58% 1730 3.14% 2002 50151 915 1.82% 2283 4.55% 1659 3.31% 2001 48423 916 1.89% 2534 5.23% 1657 3.42% 18
  • 13. Monthly Building Permit BUILDING PERMITS60504030 Fayette Clayton20 Coweta10 0 19
  • 14. Monthly Building Permit – Average single Family Home Value BUILDING PERMITS$450,000$400,000$350,000$300,000$250,000 Fayette$200,000 Clayton$150,000 Coweta$100,000 $50,000 $0 20
  • 15. TAXES 21
  • 16. Fayette County Revenue Sources, 2011 Fayette County Governmental Expenses, by Function, 2011 TAXESCounty Revenue Sources Fayette County Taxable Property Estimated True Value$120,000,000 $16,000,000,000 $14,000,000,000$100,000,000 $12,000,000,000 Other $80,000,000 $10,000,000,000 Privately Owned Other Taxes Public Utilities $60,000,000 $8,000,000,000 Fees Personal Property SPLOST $6,000,000,000 $40,000,000 Sales Taxes $4,000,000,000 Real Property $20,000,000 Property Taxes $2,000,000,000 $0 $0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 22
  • 17. Sales Tax Revenues, 2012 TAXES $670,915.39 $3,016,486.12 Peachtree City $8,432,967.88 Fayetteville Fayette County Tyrone $7,451,163.39 23
  • 18. Fayette County Monthly LOST Collections Fayette County Hotel/Motel Occupancy MISC ECONOMIC INDICATORS 17,000 2,200,000 16,500 2,000,000 16,000 15,500 1,800,000 15,000 1,600,000 14,500 1,400,000 14,000 13,500 1,200,000 12-month moving 13,000 1,000,000 12,500 800,000 12,000Fayette County Household Employment Fayette County Initial Unemployment Claims 58,000 56,000 550 54,000 450 52,000 50,000 350 48,000 250 46,000 44,000 150 42,000 40,000 50 24
  • 19. EMPLOYMENT 25
  • 20. 12000 Total Population (in thousands) Jobs by Employment Sector, 2000 - 2011 Construction10000 Manufacturing Wholesale Trade Retail Trade8000 Transportation & Warehousing Information6000 Finance & Insurance Real Estate and Rental and Leasing4000 Professional, Scientific and Technical Services Management of Companies and Enterprises Administrative and Support and2000 Waste Management Arts, Entertainment & Recreation Accomodation & Food Services 0 Other Services (except Public Admin) Public Administration
  • 21. 12000 Declining Jobs by Employment10000 Sectors, 2000 - 20118000 Total Population (in thousands)6000 Construction Manufacturing4000 Administrative and Support and Waste Management2000 Arts, Entertainment & Recreation 0
  • 22. 12000 Total Population (in thousands) Growing Jobs by Employment Sector, 2000 - 2011 Wholesale Trade10000 Retail Trade Transportation & Warehousing8000 Information6000 Finance & Insurance Real Estate and Rental and Leasing4000 Professional, Scientific and Technical Services Management of Companies and2000 Enterprises Accomodation & Food Services 0 Other Services (except Public Admin) Public Administration
  • 23. 12000 Total Population (in thousands) Growing Jobs by Employment Sector, 2009 - 201110000 Wholesale Trade Retail Trade8000 Transportation & Warehousing6000 Finance & Insurance4000 Real Estate and Rental and Leasing Management of Companies and Enterprises2000 Administrative and Support and Waste Management 0 Accomodation & Food Services 2009 2010 2011
  • 24. Employment Change, 2001 - 2011 Houston, 13.4% Washington, 9.2% Nashville, 6.6% Riverside, 6.6% Phoenix, 6.5% Dallas-Fort Worth, 5.2% Seattle, 2.5% San Diego, 1.6% Baltimore, 1.5% Miami, 0.2% Denver, -1.4% Fayette, -1.5% New York, -1.5% Tampa, -1.7% Philadelphia, -2.3% Minneapolis, -2.5% St Louis, -2.6% Atlanta, -2.8% Chicago, -6.2% Los Angeles, -6.4% San Francisco, -10.2%Detroit, -17.6%
  • 25. SO WAIT, WHERE ARE WE AGAIN? 31
  • 26. FAYETTE COUNTY CURRENT ECONOMIC INDEX Fayette County Current Economic Index (1997 = 100)120115 12-month110 moving average105100 95 90 85 1-Month Change: 1.1% 3-Month Change: 1.8% 80 12-Month Change: 75 4.9% 70 32
  • 27. FAYETTE COUNTY LEADING ECONOMIC INDEX Fayette County Leading Economic Index (1997 = 100)103101 12-month moving average 99 97 95 93 91 1-Month Change: 1.5% 3-Month Change: 0.9% 89 12-Month Change: 87 3.5% 85 33
  • 28. WHERE DO WE GO FROM HERE? 34
  • 29. FCDA ORGANIZATION BREAKDOWN Board of Directors AdministrationRetention/Expansion Recruitment Marketing
  • 30. RECRUITING NEWINDUSTRY & OFFICE
  • 31. HELPINGEXISTINGBUSINESS ANDINDUSTRY EXPAND
  • 32. MarketingFayettega.org Newsletter
  • 33. MarketingAdvertisements Prospect Travel
  • 34. Project ManagementSite Selection Building Selection
  • 35. ResearchDemographics Existing Industry Data
  • 36. WHY DOWERECRUITBUSINESS?
  • 37. WHY DO WE RECRUIT BUSINESS?• increases the quality of life for the citizens• allows people to live and work in the same community• corporations give back to the community
  • 38. HOW DO WE RECRUITAllies & Partners
  • 39. HOW DO WE RECRUITAllies & PartnersConsultants & Brokers
  • 40. HOW DO WE RECRUIT•Allies & Partners•Consultants & Brokers•Direct to Companies•Newsletters•Advertising & Events
  • 41. WHO DO WE RECRUITHeadquarters
  • 42. WHO DO WE RECRUITHeadquartersClean Manufacturing & Assembly
  • 43. WHO DO WE RECRUITHeadquartersClean Manufacturing & AssemblyAviation Related Industry
  • 44. WHO DO WE RECRUIT• Headquarters• Clean Manufacturing & Assembly• Aviation Related Industry• Small Business & Entrepreneurs• Light Warehousing• Medical (growth segment )
  • 45. ACTIVITY OVER THE LAST 3 YEARS
  • 46. ACTIVITY OVER THE LAST 3 YEARS
  • 47. Location Approximately 20-30 minutes south of Atlanta. Accessed via Interstates 85 and 75 Approximately 15-20 minutes to Hartsfield- Jackson Atlanta Intl Airport Fayetteville is county seat, Peachtree City is largest city
  • 48. Culture & Rec 2 Amphitheaters with nationally touring acts Over 100 holes of championship caliber golf Recreation fields for soccer, football, baseball, lacrosse. 18 court Peachtree City Tennis Center. Full BMX course Legacy Theater – professional stage company Three lakes for recreation activities “Top 25 Arts Destination”- AmericanStyle Magazine Numerous open parks &
  • 49. Int’l Companies 40+ c0mpanies from 12 different foreign countries Europe  Gerrescheimer Plastics (Germany)  Hella (Germany)  IPN Plastics (Holland)  Sigvarus (Switzerland)  Megadoor (Sweden)  BAE (The UK)  St. Gobain/Certainteed (France)  Imeas (Italy) Asia  Panasonic Automotive (Japan)  TDK Components (Japan)  Rinnai (Japan)  Sany America (China)
  • 50. Aviation Atlanta Regional Airport – Peachtree City Falcon Field Over 20 Aviation related Companies in Fayette County  AIM Aircraft Spares (OEM Mfg)  Aircraft Spruce & Specialty (Parts)  Aventure Aviation (Parts Supplier)  Clayton International (Helicopter Refurbishing)  Priority Jet (Aviation Services)  Dixie Aerospace (OEM Mfg  Gardner Aviation (Aviation Maintenance)  MegaDoor (Air Hanger Doors)  NAECO (Aviation Parts Mfg)  Plastikos (Fiberglass Mfg)  RAS (Metal Forming for Parts)  World Airways (Airline HQ)
  • 51. Headquarters Major location in metro Atlanta for headquarter operations Highly educated workforce with college degrees 15-20 minute drive to Hartsfield-Jackson Atlanta International Airport (ATL) High quality of life elements (schools, recreation, shopping, entertain ment) Sample of Existing HQ operations:  World Airways (HQ, Operations, Flight center)  Sany America (HQ, R&D, Mfg)  Panasonic Automotive (HQ, R&D)  Cooper Lighting (HQ, R&D, Logistics)  Cooper Wiring Devices (HQ, R&D)  NCR (Division HQ)  Hoshizaki (HQ, Mfg)  MegaDoor (HQ, Mfg)  UES (HQ, Mfg)  Rinnai (HQ, R&D)  IPN USA (HQ, R&D, Mfg)  SMC3 (HQ, command center)
  • 52. Site 1 - Airport 60 acre greenfield site, south side of airport. Utilities installed. Ready for development.
  • 53. Site 2 – Peachtree  100,000 sf speculatively built industrial building on 12 acres. City Spec Building  Expansion space for an additional 100,000 sf (200,000 sf total)
  • 54.  120,000 sf industrial building builtSite 3 – Gardner in 1998.Denver Building  An additional 12 acres adjoins for expansion room of 150,000 sf.