1. 65th Annual Presentation of the
Faulkner County 2015 Economic
Report

2. Prepared for
Conway Rotary Club
Rotary District 6170

3. Dr. Michael Hargis
Dean of the College of Business

4. • Roger Lewis, Report Author
• Dr. Pat Cantrell, Report Coordinator
• N’golo Saliou Ouattara,
Undergraduate Intern

5. 3.6%
3.1%
2.7%
1.9%
0.0%
-2.6%
3.0%
1.8%
2.8%
1.9%
2.4% 2.4%
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

6. 5.5%
5.1%
4.6% 4.6%
5.8%
9.3% 9.6%
9.0%
8.1%
7.4%
6.2%
5.3%
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

7. 2.7%
3.4%
3.2%
2.8%
3.8%
-0.4%
1.5%
3.0%
1.7%
1.2%
0.8% 0.7%
2004 2005 2006 2007 2008 2010 2011 2012 2013 2014 2015

8. Percentage Change Per Select Category, Seasonally Adjusted
Category 2014 2015
Apparel -2.0 -0.9
Education & Communications 0.4 1.4
Energy -10.6 -12.6
Food & Beverage 2.0 0.8
Housing 2.5 2.1
Medical Care 3.0 2.6
Other Goods & Services 1.6 10.7
Recreation 0.0 0.7
Transportation -6.2 -4.1

9. 3.50
4.00
4.50
5.00
5.50
6.00
6.50
7.00
Chart Title
U.S. Arkansas Faulkner County Conway

10. 5.3
5.3
5.0
4.7
3.5
4.5
5.5
6.5
7.5
8.5
9.5
20152014201320122011201020092008200720062005
National Arkansas Faulkner Co. Conway

11. 10,78310,718
12,463
13,265
8,776
10,285
11,578
12,218
13,104
16,577
17,425
8000
10000
12000
14000
16000
18000
20000
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

12. 488
407
314 192 259 223
153
186 147 119147
24
27
90
52
28 58
2
16
12 16 8
1010
168
44
689
846
668
12
112 92
78
0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Single Family Duplex Multi-Family

13. 64,313
121,536
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
1950 1960 1970 1980 1990 2000 2005 2010 2014 2015
Conway Faulkner County

14. Year Births Deaths Net Gain
2014 1522 902 620
2013 1536 887 649
2012 1544 800 744
2011 1444 800 644
2010 1532 811 734
2009 1538 756 782
2008 1511 746 765
2007 1481 737 744
2006 1,530 726 804
2005 1,398 717 681
2004 1365 684 681

15. Faulkner County
Property Tax Assessment in 2015
Real Estate
Amount: $1,428,562,513
Percent Increase: 3.04%
All Property
Amount: $418,460,040
Percent Decrease: -0.5%

16. Cities Composite
Equivalent to
$50,000
Salary in
Conway
Conway 96.0 50,000
Fayetteville, AR 89.3 46,510
Hot Springs, AR 92.1 47,969
Jonesboro, AR 87.4 45,521
LR-NLR, AR 96.4 50,208
Memphis, TN 85.5 44,531
New York (Manhattan), NY 225.8 117,604
San Jose, CA 150.2 78,229
Seattle, WA 138.2 71,979
St. Louis, MO 93.1 48,490
Washington-Arlington, VA 145.9 75,990
National Average 100 52,083

17. 4.2 4.1
7.7
4.4
9.4 9.4
3.54.0
5.0
7.5
5.2
13.9
6.4
3.4
Conway Fayetteville Fort Smith Jonesboro Little Rock N. Little
Rock
Rogers
2010 2014
Murder, Rape, Robbery, & Assault
Per 1,000 in cities whose population is 50,000+

18. Per 1,000 in cities whose population is 50,000+
42.4
34.7
55.9
43.1
76.7
84.6
27.2
46.4
42.3
53.1
43.7
72.0
42.5
29.1
Conway Fayetteville Fort Smith Jonesboro Little Rock N. Little
Rock
Rogers
2010 2014
Burglary, Larceny, Vehicle Theft

19. Year Revenue
Capital
Expenditures
Residential
Electric
Meters
%
Increase
Population
Estimate
2016* 111.8 13.9 28,044 3.9 xxx
2015 107.9 16.3 26,209 0.7 64,313
2010 95.1 10.3 25,237 3.0 58,908
*2016 Figures Estimated
(in millions of dollars)

20. Faulkner County ½% Sales Tax Receipts
Year Amount
Change Over
Previous Year
2015 $8,951,047 $176,938
2014 $8,272,423 $178,154
2013 $8,094,270 -$371,317
Year Amount
Change Over
Previous Year
2015 $24,028,355 $612,087
2014 $23,416,268 $180,377
2013 $23,235,891 $291,728
Conway 1% Sales Tax

21. City Amount % of Total
Conway $1,438,127,625 80.3%
Greenbrier 105,057,253 5.9%
Mayflower 36,907,321 2.1%
Vilonia 47,160,077 2.6%
Guy 4,044,670 0.2%
Damascus 15,342,379 0.9%
Non-Tax Areas* 143,570,075 8.0%
Total $1,790,209,400 100.0%

22. 17.4
18.6 18.7 18.6
19.3
18.1
16
16.5
17
17.5
18
18.5
19
19.5
2010 2011 2012 2013 2014 2015
Sales in $ Millions

23. 131.4
144.7
153.4 156.7
176.3 172.7
0
20
40
60
80
100
120
140
160
180
200
2010 2011 2012 2013 2014 2015
Sales in $ Millions

24. $1.37
$1.46
$1.58
$1.64 $1.65
$1.60
$1.74
$1.79
2008 2009 2010 2011 2012 2013 2014 2015
Billions
Total Deposits (Billions of $)
There are fifteen
banking
institutions in
Faulkner County
with 55 offices.

25. First
Security
Bank
31.2%
Centennial
Bank
30.63%
Regions
Bank
8.39%All Others
29.79%
Bank Deposits
The top
three
banking
institutions
hold 70.21%
of the
market
share.

26. 39
51
65
76
89 91 93
97
109
114
1990 1995 2000 2005 2010 2011 2012 2013 2014 2015
(in thousands of vehicles)

27. $1
$27
$54
$59
$41
$63
$89
$56
0
10
20
30
40
50
60
70
80
90
100
In millions of $

28. Faulkner County
2015: $211,986
2014: $ 296,411
The City of Conway
2015: $260,270
2014: $363,837
-28.5% Decrease
-28.5% Decrease

29. Van Buren 1661
White 1292
Conway 1181
Cleburne 1071
Faulkner 439
6,233,706,770 Total
Thousand Cubic Feet
of Natural Gas
County Number of Wells

30. Total since 2011:
$2,184,187,799
474.9
452.2
432.9
401.3
422.9
360
380
400
420
440
460
480
500
2011 2012 2013 2014 2015
Sales in $ Millions

31. City Total Average Monthly
Conway $9,927,361 $827,280
Greenbrier $2,054,159 $171,180
Mayflower $1,743,138 $145,261
Vilonia $665,128 $55,427
Wooster $125,265 $10,439
Total $14,515,108 $241,918

32. Employment & Earnings
Faulkner County (2015)
Type
Total # of
Employers
Total # of
Employees
Average Annual
Wages
Government 58 5,081 $36,487
Private 2,789 33,742 $37,159
Total 2,847 38,823 $37,044
Employment & Earnings

33. Crop Income from Production Sold % Change 2014-2015
Beef $3,750,000 -62.50%
Greenhouses 5,000,000 0.00%
Rice 168,000 -92.78%
Soybeans 972,000 -57.75%
Wheat 45,000 -96.36%
Dairy 960,000 0.00%
Hay 640,000 -20.00%
Corn 48,000 -89.96%
Forestry 600,000 0.00%
Fruits & Vegetables 500,000 0.00%
Hogs 72,000 0.00%
Silage 0 0.00%
Total $12,755,000 -47.45%

34. Category 2015 Statistics % Change
Visitors Trips 430,128 3.54
Total Travel Expenditures $103,156,688 5.16
Expenditure per Visitor $239.83 1.57
State Tax receipts $6,161,810 5.36
Local Tax Receipts $1,721,496 5.37
Number employed 1,061 1.73
Payroll $19,041,685 5.22
Average Annual Pay $17,947 3.44