June 26 Presentation To KC City Council

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  • June 26 Presentation To KC City Council

    1. 2. The DrillDown Success in Kansas City KCUMA Partnership <ul><li>UMKC – Cookingham Institute, Center for Economic Information </li></ul><ul><li>City of Kansas City, MO </li></ul><ul><li>Social Compact, Inc. </li></ul><ul><li>Local Partners: MARC, MainCor, Southtown Council, Brush Creek Community Partners, EDC, Broadway-Westport </li></ul><ul><li>Funding Year 1 (complete): City Manager’s Office – KCMO, UMKC Bloch School, DST, Social Compact </li></ul>
    2. 3. Major Barriers to Urban Investment <ul><li>Major barrier: Lack of purchasing power </li></ul><ul><li>Major barrier: Insufficient concentration of target customer </li></ul><ul><li>Major barrier: Crime or Perception of Crime </li></ul><ul><li>Why are we here? Accurate market information about our urban core areas. </li></ul><ul><li>Source: ICSC Retail Survey 2002 </li></ul>
    3. 4. DrillDown: How Does It Work? <ul><li>Transactional data versus reported data </li></ul><ul><li>Use multiple 'layers' of data </li></ul><ul><li>Overlay, one dataset may capture </li></ul><ul><li>Prepared locally with local data control – first external partnership for Social Compact </li></ul>
    4. 5. Kansas City Highlights <ul><li>Population : 533,117 , or approximately 71,000 higher than 2000 Census estimates. </li></ul><ul><li>Change : Census 2006 estimates show a small population decrease of -1.9%, compared to the DrillDown estimates of 15% . </li></ul>
    5. 6. Kansas City Highlights <ul><li>Income : DrillDown estimates average household income is $54,000 or 13% higher than the Census 2000 estimate. </li></ul><ul><li>When the informal or &quot;cash&quot; economy is included, the average household income rises to $57,000 . </li></ul><ul><li>Cash economy : The DrillDown estimates the citywide cash economy to be worth $668 million </li></ul>
    6. 11. Next Steps <ul><li>Complete the next 2 year commitment to KCMO - provide updates and trends </li></ul><ul><li>Additional Data to be released this year– retail leakage, credit report penetration, vacancy rates </li></ul><ul><li>Monthly Webinars starting in July </li></ul><ul><li>Desktop Application (July/August) – enable quick (SIMPLE) data access using google map platform </li></ul><ul><li>Custom reports with Corridor Partners or on a purchase/request basis for others </li></ul><ul><li>Acquire electricity usage data </li></ul>
    7. 12. <ul><li>KCK, Independence, </li></ul><ul><li>6 counties – Jackson, Clay, Platte; Wyandotte, Johnson, Miami </li></ul><ul><li>KCADC should be involved </li></ul><ul><li>$350,000 per year will enable a full DrillDown for the region and semi-annual updates with access to the data through reports and desktop application for instant access </li></ul>Next Steps – Going Regional
    8. 13. Questions? For More Information: Dan Melton KCUMA Coordinator [email_address] http://www.kcuma.org

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