The Innovation Center was awarded a five-year grant renewal from the U.S. Department of Commerce to promote innovation and entrepreneurship in northeastern Oklahoma. The document provides an analysis of economic indicators for counties and cities in northeastern Oklahoma such as sales tax collection amounts, building permits issued, and electric and water meter counts. Charts and tables present data on these economic indicators from 2011 to 2013.
The Economy: Getting Through The Recession (updated)Savannah Whaley
We are in a deep and protracted recession that began in the fourth quarter of 2007. It began in housing and has spread through the entire U.S. and overseas economies. Economic weakness has intensified through 2008 and will worsen through the first half of 2009.
The Economy: Getting Through The Recession (updated)Savannah Whaley
We are in a deep and protracted recession that began in the fourth quarter of 2007. It began in housing and has spread through the entire U.S. and overseas economies. Economic weakness has intensified through 2008 and will worsen through the first half of 2009.
Calvert Home Mortgage Real Estate & Economic Report December 2015Keith Uthe
Calvert Home Mortgage provides a simplified breakdown of statistics and and information from the Calgary and Edmonton real estate markets and how they are affecting current home prices. You will also find the most recent statistics available for key Economic Fundamentals that influence the lending industry and real estate markets in Alberta.
"We are on track for record home sales reported through TREB's MLS® System this year. Barring a drastic shift in the economy over the next three months, total transactions reported by TREB Members in 2015 are expected to be at or near the 100,000 mark. This is a testament to the importance that GTA households put on home ownership as a long-term investment," said Mr. McLean.
Charlotte region weekly market activity reportScott Browder
Recent mortgage rate declines may provide a small tailwind as we enter the fall
housing market, giving buyers a bit more buying power and a little more
incentive to lock in a home purchase. However, stock market volatility and
concern of a wider economic slowdown in the coming year may temper some
buyer enthusiasm. But as rents continue to rise, the value proposition of owning
a home remains a compelling option and a goal of most Americans.
In the Charlotte region, for the week ending August 31:
• New Listings decreased 8.4% to 1,089
• Pending Sales increased 19.5% to 1,169
• Inventory decreased 14.6% to 9,772
For the month of August:
• Median Sales Price increased 5.1% to $257,560
• List to Close remained flat at 87
• Percent of Original List Price Received decreased 0.1% to 96.9%
• Months Supply of Homes for Sale decreased 17.9% to 2.3
We are not trying to change the world with new technology, nor are we trying to reinvent the wheel. What we are doing is take a well-known market and turning it up to 1,000.
Calvert Home Mortgage Real Estate & Economic Report December 2015Keith Uthe
Calvert Home Mortgage provides a simplified breakdown of statistics and and information from the Calgary and Edmonton real estate markets and how they are affecting current home prices. You will also find the most recent statistics available for key Economic Fundamentals that influence the lending industry and real estate markets in Alberta.
"We are on track for record home sales reported through TREB's MLS® System this year. Barring a drastic shift in the economy over the next three months, total transactions reported by TREB Members in 2015 are expected to be at or near the 100,000 mark. This is a testament to the importance that GTA households put on home ownership as a long-term investment," said Mr. McLean.
Charlotte region weekly market activity reportScott Browder
Recent mortgage rate declines may provide a small tailwind as we enter the fall
housing market, giving buyers a bit more buying power and a little more
incentive to lock in a home purchase. However, stock market volatility and
concern of a wider economic slowdown in the coming year may temper some
buyer enthusiasm. But as rents continue to rise, the value proposition of owning
a home remains a compelling option and a goal of most Americans.
In the Charlotte region, for the week ending August 31:
• New Listings decreased 8.4% to 1,089
• Pending Sales increased 19.5% to 1,169
• Inventory decreased 14.6% to 9,772
For the month of August:
• Median Sales Price increased 5.1% to $257,560
• List to Close remained flat at 87
• Percent of Original List Price Received decreased 0.1% to 96.9%
• Months Supply of Homes for Sale decreased 17.9% to 2.3
We are not trying to change the world with new technology, nor are we trying to reinvent the wheel. What we are doing is take a well-known market and turning it up to 1,000.
Real Estate Weekly Market Activity ReportScott Browder
In the Charlotte region, for the week ending February 16:
• New Listings decreased 1.2% to 1,124
• Pending Sales increased 15.3% to 1,129
• Inventory decreased 0.3% to 9,064
For the month of January:
• Median Sales Price increased 5.6% to $227,000
• List to Close increased 1.0% to 106
• Percent of Original List Price Received decreased 0.5% to 95.5%
• Months Supply of Homes for Sale increased 4.5% to 2.3
Charlotte Region Weekly Market Activity ReportScott Browder
A newly released report from the U.S. Census Bureau shows in Q4 2019 the
national homeownership rate rose to 65.1%. This is the highest level since Q3
2013 when the homeownership rate was 65.3%. For perspective, the national
homeownership rate since 2000 peaked at 69.1% in Q1 2005 and was at its
lowest at 62.9% in Q2 2016. The increase in the homeownership rate since Q2
2016 represents nearly 2.7 million additional owner-occupied homes.
PwC Presents: VC Investing – Major trends of the first half of 2014 and predi...Proformative, Inc.
As we predicted in our last Proformative VC update, 2014 is turning into an exciting year for venture capital, with increased investing activity and headline-grabbing exits. Please join representatives from PwC’s Emerging Company Services Group as they provide an overview of recent venture capital investment trends, interpreting findings from the PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, based on data from Thomson Reuters.
SureCut Shears Inc. - Financial Company AnalysisFranziska Becker
The Masters in Management at IE Business School includes a class on Corporate Finance. One of the given assignments in this class was to analyse the Harvard Business Case on SureCut Shears, Inc. (https://www.hbs.edu/faculty/Pages/item.aspx?num=7816).
Together with my workgroup, we analysed the company’s financial statement to determine whether the company is still liable and should be granted the further credit line extension it requested from its bank.
Our key findings were, that due to decreasing sales in the economic downturn the majority of the company’s current assets are locked in inventory and are thus not able to cover its current liabilities. Additionally, the company has a very slack policy on collecting accounts receivable, resulting in high debt outstanding, while always meeting its accounts payable deadlines, without any discounts for early payment. Despite decreasing sales and already high inventory, the company does not reduce its production. The combination of these and other factors highly increase the company's need for working capital. Looking at the continuing economic downturn in combination with the mentioned factors, which hint a questionable financial strategy, it would be a risky investment for the bank to further extend its line of credit for the company.
Cornell: Random Hacks of Kindness: Ithaca Choice Demoams345
Implementation of new revenue generation models via new digital solutions for ad revenue.
Team Members:
Anusha Jain, BS ORIE '17
Jonathan Kim, BS ILR '17
Kyung Jae Cho, BS ILR '16
Working Capital Analysis PowerPoint Presentation Slides SlideTeam
Presenting this set of slides with name - Working Capital Analysis Powerpoint Presentation Slides. This complete presentation has a set of thirty slides to show your mastery of the subject. Use this ready-made PowerPoint presentation to present before your internal teams or the audience. All presentation designs in this Working Capital Analysis Powerpoint Presentation Slides have been crafted by our team of expert PowerPoint designers using the best of PPT templates, images, data-driven graphs and vector icons. The content has been well-researched by our team of business researchers. The biggest advantage of downloading this deck is that it is fully editable in PowerPoint. You can change the colors, font and text without any hassle to suit your business needs.
Our Stock Pitch For Mailing Shipping Services PowerPoint Presentation PPT Slide Template is the perfect way to pitch your stock. We have researched thousands of stock pitches and designed the most impactful way to convince your investors to invest in your equity. https://bit.ly/3eZUTut
State of Oregon's quarterly economic and revenue forecast release. Still no personal income tax kicker in the baseline, however the threshold is razor thin with one income tax filing season to go. There is a corporate kicker in the forecast, which will be dedicated to education next biennium. This forecast also forms the base of the Governor's Recommended Budget for the 2015-17 biennium.
Marketing, such a loosely used word in the business world and a treacherous task to undertake as a business owner. Businesses make or break on their strategies and developing a thorough marketing strategy is essential to any businesses success, small or large. So many questions arise when developing a marketing strategy. Where do I spend my money? How do I differentiate myself from my competitors? How much should I spend on online assets? Do I need to hire a marketing director? The questions could go on forever but one must know marketing basics and how to leverage not only a well-defined marketing budget but time, energy, and creativity to stand out of the crowd when trying to communicate with their target audiences.
The 4 P’s of Marketing: Confessions of a Guerrilla Marketer presented by the Innovation Center will address the very fundamentals to building a marketing strategy that encompasses understanding product/service, price, place, and promotion, the four p’s of marketing. The training session will also provide insight on how to become a guerrilla marketer and to stay top-of-mind when consumers are ready to make a purchasing decision. Guerrilla marketing was founded by Jay Conrad Levinson and was developed to help provide a system for businesses that don’t possess large marketing budgets like big brands, McDonald's or Nike, to market themselves in unique methods to earn the attention of their audiences and to increases sales revenue.
View the Upcoming Workshops page to see when and where the workshop will be held next. If you are interested in hosting a 4 P's of Marketing: Confessions of a Guerrilla Marketer workshop session in your community please contact the Innovation Center's Lynn Wilson, 918-343-7622, or by email, lwilson@rsu.edu.
This presentation created by Anthony William Tucker of the Rogers State University Innovation Center discusses basic fundamentals and advanced tactics in Facebook business page development. For information on Facebook develop go to, http://www.GetMeFoundOnline.com
This is the first part of a two-part presentation by Anthony William Tucker that discusses how to build a brand through online dominance. This encompasses website development, search engine optimization, marketing strategy development, and social media marketing. Learn more about this workshop at, http://www.GetMeFoundOnline.com.
This presentation created by the Rogers State University Innovation Center focuses on the development of an online presence for your business. This includes building a strategy for your website development, search engine optimization, and search engine marketing. The second part of this workshop focuses on the development of social media platforms and leveraging Google's wide array of applications for businesses.
Learn more about the RSU Innovation Center online:
http://www.rsuinnovation.com
As Europe's leading economic powerhouse and the fourth-largest hashtag#economy globally, Germany stands at the forefront of innovation and industrial might. Renowned for its precision engineering and high-tech sectors, Germany's economic structure is heavily supported by a robust service industry, accounting for approximately 68% of its GDP. This economic clout and strategic geopolitical stance position Germany as a focal point in the global cyber threat landscape.
In the face of escalating global tensions, particularly those emanating from geopolitical disputes with nations like hashtag#Russia and hashtag#China, hashtag#Germany has witnessed a significant uptick in targeted cyber operations. Our analysis indicates a marked increase in hashtag#cyberattack sophistication aimed at critical infrastructure and key industrial sectors. These attacks range from ransomware campaigns to hashtag#AdvancedPersistentThreats (hashtag#APTs), threatening national security and business integrity.
🔑 Key findings include:
🔍 Increased frequency and complexity of cyber threats.
🔍 Escalation of state-sponsored and criminally motivated cyber operations.
🔍 Active dark web exchanges of malicious tools and tactics.
Our comprehensive report delves into these challenges, using a blend of open-source and proprietary data collection techniques. By monitoring activity on critical networks and analyzing attack patterns, our team provides a detailed overview of the threats facing German entities.
This report aims to equip stakeholders across public and private sectors with the knowledge to enhance their defensive strategies, reduce exposure to cyber risks, and reinforce Germany's resilience against cyber threats.
Explore our comprehensive data analysis project presentation on predicting product ad campaign performance. Learn how data-driven insights can optimize your marketing strategies and enhance campaign effectiveness. Perfect for professionals and students looking to understand the power of data analysis in advertising. for more details visit: https://bostoninstituteofanalytics.org/data-science-and-artificial-intelligence/
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Empowering the Data Analytics Ecosystem: A Laser Focus on Value
The data analytics ecosystem thrives when every component functions at its peak, unlocking the true potential of data. Here's a laser focus on key areas for an empowered ecosystem:
1. Democratize Access, Not Data:
Granular Access Controls: Provide users with self-service tools tailored to their specific needs, preventing data overload and misuse.
Data Catalogs: Implement robust data catalogs for easy discovery and understanding of available data sources.
2. Foster Collaboration with Clear Roles:
Data Mesh Architecture: Break down data silos by creating a distributed data ownership model with clear ownership and responsibilities.
Collaborative Workspaces: Utilize interactive platforms where data scientists, analysts, and domain experts can work seamlessly together.
3. Leverage Advanced Analytics Strategically:
AI-powered Automation: Automate repetitive tasks like data cleaning and feature engineering, freeing up data talent for higher-level analysis.
Right-Tool Selection: Strategically choose the most effective advanced analytics techniques (e.g., AI, ML) based on specific business problems.
4. Prioritize Data Quality with Automation:
Automated Data Validation: Implement automated data quality checks to identify and rectify errors at the source, minimizing downstream issues.
Data Lineage Tracking: Track the flow of data throughout the ecosystem, ensuring transparency and facilitating root cause analysis for errors.
5. Cultivate a Data-Driven Mindset:
Metrics-Driven Performance Management: Align KPIs and performance metrics with data-driven insights to ensure actionable decision making.
Data Storytelling Workshops: Equip stakeholders with the skills to translate complex data findings into compelling narratives that drive action.
Benefits of a Precise Ecosystem:
Sharpened Focus: Precise access and clear roles ensure everyone works with the most relevant data, maximizing efficiency.
Actionable Insights: Strategic analytics and automated quality checks lead to more reliable and actionable data insights.
Continuous Improvement: Data-driven performance management fosters a culture of learning and continuous improvement.
Sustainable Growth: Empowered by data, organizations can make informed decisions to drive sustainable growth and innovation.
By focusing on these precise actions, organizations can create an empowered data analytics ecosystem that delivers real value by driving data-driven decisions and maximizing the return on their data investment.
Levelwise PageRank with Loop-Based Dead End Handling Strategy : SHORT REPORT ...Subhajit Sahu
Abstract — Levelwise PageRank is an alternative method of PageRank computation which decomposes the input graph into a directed acyclic block-graph of strongly connected components, and processes them in topological order, one level at a time. This enables calculation for ranks in a distributed fashion without per-iteration communication, unlike the standard method where all vertices are processed in each iteration. It however comes with a precondition of the absence of dead ends in the input graph. Here, the native non-distributed performance of Levelwise PageRank was compared against Monolithic PageRank on a CPU as well as a GPU. To ensure a fair comparison, Monolithic PageRank was also performed on a graph where vertices were split by components. Results indicate that Levelwise PageRank is about as fast as Monolithic PageRank on the CPU, but quite a bit slower on the GPU. Slowdown on the GPU is likely caused by a large submission of small workloads, and expected to be non-issue when the computation is performed on massive graphs.
Techniques to optimize the pagerank algorithm usually fall in two categories. One is to try reducing the work per iteration, and the other is to try reducing the number of iterations. These goals are often at odds with one another. Skipping computation on vertices which have already converged has the potential to save iteration time. Skipping in-identical vertices, with the same in-links, helps reduce duplicate computations and thus could help reduce iteration time. Road networks often have chains which can be short-circuited before pagerank computation to improve performance. Final ranks of chain nodes can be easily calculated. This could reduce both the iteration time, and the number of iterations. If a graph has no dangling nodes, pagerank of each strongly connected component can be computed in topological order. This could help reduce the iteration time, no. of iterations, and also enable multi-iteration concurrency in pagerank computation. The combination of all of the above methods is the STICD algorithm. [sticd] For dynamic graphs, unchanged components whose ranks are unaffected can be skipped altogether.
The affect of service quality and online reviews on customer loyalty in the E...
Economic Indicators - Jan. 2014
1. ECONOMIC INDICATORS
January 2014 ▪ Published since 2002
Grant Renewed for 5-years from the U.S. Department of Commerce
The Innovation Center was recently awarded a
five-year grant renewal from the U.S. Department
of Commerce as part of the University Center
Economic Development Program Competition.
University Centers provide business solutions and
technical assistance to public- and private-sector
organizations, and conduct other activities with
the goal of enhancing regional economic
development. They offer a full range of services
tailored to each region’s needs and the
institution’s strengths. University Center business
solutions include basic and applied research,
market research, feasibility studies, product
development, strategic and financial planning
and seminars and training. These services
enhance business productivity, streamline
operations, increase quality, and cut costs.
Innovation Center grant funds will be used to
promote the advancement of innovation in the
support of a more competitive, efficient, and
entrepreneurial spirit in northeastern Oklahoma.
Sales Tax Collection
Retail sales, as approximated by retail sales tax
collections, are a broad measure of consumer
spending. Sales tax data are not seasonally-
adjusted or adjusted for price changes. Care
should be taken when interpreting sales tax
collection data because the figure for a particular
month represents the net revenue collected by
the Oklahoma Tax Commission (OTC) for retail
purchases in various prior periods. Larger
retailers submit payments for sales taxes
collected during the last half of the prior
month and the first half of the current month.
Smaller retailers submit payments for sales taxes
collected over the previous calendar month only.
All sales tax payments are due by the twentieth of
the month. Thus sales taxes paid at the time of
the purchase may be reported by the merchant
and collected by the OTC for sales occurring
some six weeks earlier or as recently as five days
prior. In addition, some retailers make estimated
payments which may understate or overstate the
correct amount for a particular month which is
corrected sometime in future months. In any
event, reported sales tax revenue always lags
behind purchases.
2. Economic Indicators January 2014 Page 2
Source: Oklahoma Tax Commission
Source: Oklahoma Tax Commission
*Delaware County’s sales tax rate increased from .9% to 1.4% in Jul 12
Source: Oklahoma Tax Commission
Source: Oklahoma Tax Commission
Source: Oklahoma Tax Commission
Source: Oklahoma Tax Commission
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Figure 1: Craig County Sales Tax
Collections by Month,
2011-2013 Fiscal Years
2011 2012 2013
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Figure 3: Delaware County Sales Tax
Collections by Month,
2011-2013 Fiscal Years
2011 2012 2013
$300,000
$340,000
$380,000
$420,000
$460,000
$500,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Figure 5: Mayes County Sales Tax
Collections by Month,
2011 - 2013 Fiscal Years
2011 2012 2013
$170,000
$195,000
$220,000
$245,000
$270,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Figure 2: Vinita Sales Tax
Collections by Month,
2011-2013 Fiscal Years
2011 2012 2013
$65,000
$70,000
$75,000
$80,000
$85,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Figure 4: Jay Sales Tax
Collections by Month,
2011-2013 Fiscal Years
2011 2012 2013
$450,000
$500,000
$550,000
$600,000
$650,000
$700,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Figure 6: Pryor Sales Tax
Collections by Month,
2011 - 2013 Fiscal Years
2011 2012 2013
3. Economic Indicators January 2014 Page 3
Source: Oklahoma Tax Commission
Source: Oklahoma Tax Commission
Source: Oklahoma Tax Commission
*Rogers County’s sales tax rate increased from .1.5% to 1.833% in Oct 12
Source: Oklahoma Tax Commission
Source: Oklahoma Tax Commission
Source: Oklahoma Tax Commission
$60,000
$70,000
$80,000
$90,000
$100,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Figure 7: Nowata County Sales Tax
Collections by Month,
2011 - 2013 Fiscal Years
2011 2012 2013
$225,000
$245,000
$265,000
$285,000
$305,000
$325,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Figure 9: Ottawa County Sales Tax
Collections by Month,
2011-2013 Fiscal Years
2011 2012 2013
$600,000
$700,000
$800,000
$900,000
$1,000,000
$1,100,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Figure 11: Rogers County Sales Tax
Collections by Month,
2011-2013 Fiscal Years
2011 2012 2013
$50,000
$57,500
$65,000
$72,500
$80,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Figure 8: Nowata Sales Tax
Collections by Month,
2011 - 2013 Fiscal Years
2011 2012 2013
$350,000
$395,000
$440,000
$485,000
$530,000
$575,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Figure 10: Miami Sales Tax
Collections by Month,
2011-2013 Fiscal Years
2011 2012 2013
$700,000
$750,000
$800,000
$850,000
$900,000
$950,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Figure 12: Claremore Sales Tax
Collections by Month,
2011-2013 Fiscal Years
2011 2012 2013
4. Economic Indicators January 2014 Page 4
Source: Oklahoma Tax Commission Source: Oklahoma Tax Commission
NE Oklahoma Sales Tax Collections
Table 1: Sales Tax Collections for Northeastern Oklahoma, Fiscal-Year-To-Date
City/County
State Tax
Rate
(percent)
County
Tax Rate
(percent)
City Tax
Rate
(percent)
Total Tax
Rate
(percent)
2011/2012 Fiscal
Year-to-Date
2012/2013 Fiscal
Year-to-Date
Percent
Change
Craig County 4.5 2.000 N/A N/A $2,601,583 $2,599,861 -0.1%
Delaware County 4.5 1.400 N/A N/A $2,826,761 $4,101,943 45.1%
Mayes County 4.5 1.375 N/A N/A $4,612,402 $5,052,441 9.5%
Nowata County 4.5 2.000 N/A N/A $978,477 $954,644 -2.4%
Ottawa County 4.5 1.350 N/A N/A $3,239,850 $3,100,469 -4.3%
Rogers County 4.5 1.833 N/A N/A $10,243,677 $11,719,223 14.4%
Washington County 4.5 1.000 N/A N/A $5,987,351 $5,986,862 0.0%
Bartlesville 4.5 1.000 3.00 8.50 $16,120,599 $16,256,027 0.8%
Bixby 4.5 1.017 3.50 9.02 $7,329,861 $8,383,457 14.4%
Broken Arrow 4.5 1.017 3.00 8.52 $33,419,960 $34,895,875 4.4%
Catoosa 4.5 1.833 3.25 9.58 $3,456,812 $3,358,280 -2.9%
Claremore 4.5 1.833 3.00 9.33 $10,343,759 $10,489,669 1.4%
Grove 4.5 1.400 3.40 9.30 $5,999,657 $5,847,989 -2.5%
Jenks 4.5 1.017 3.00 8.52 $4,544,705 $4,754,037 4.6%
Miami 4.5 1.350 3.65 9.50 $6,350,870 $6,106,273 -3.9%
Muskogee (City of) 4.5 0.650 4.00 9.15 $23,369,572 $23,000,958 -1.6%
Nowata (City of) 4.5 2.000 3.00 9.50 $822,789 $807,953 -1.8%
Okmulgee 4.5 1.250 4.00 9.75 $5,893,870 $5,847,292 -0.8%
Owasso 4.5 1.017 3.00 8.52 $18,452,292 $19,114,538 3.6%
Pryor 4.5 1.375 3.75 9.63 $6,831,295 $7,322,628 7.2%
Sand Springs 4.5 1.017 3.50 9.02 $10,087,466 $10,052,533 -0.3%
Sapulpa 4.5 1.000 4.00 9.50 $11,837,538 $11,308,201 -4.5%
Tahlequah 4.5 2.000 2.50 9.00 $6,841,302 $7,184,088 5.0%
Tulsa (City of) 4.5 1.017 3.00 8.52 $221,801,478 $226,772,030 2.2%
Vinita 4.5 2.000 3.00 9.50 $2,793,141 $2,740,403 -1.9%
Source: Oklahoma Tax Commission
Delaware County’s sales tax rate increased from .9% to 1.4% on July 1, 2012.
Rogers County’s sales tax rate increased from 1.5% to 1.833% on October 1, 2012.
City of Tulsa’s sales tax rate increased from 3% to 3.167% on October 1, 2012.
$425,000
$455,000
$485,000
$515,000
$545,000
$575,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Figure 13: Washington County Sales
Tax Collections by Month,
2011-2013 Fiscal Years
2011 2012 2013
$1,100,000
$1,200,000
$1,300,000
$1,400,000
$1,500,000
$1,600,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Figure 14: Bartlesville Sales Tax
Collections by Month,
2011-2013 Fiscal Years
2011 2012 2013
5. Economic Indicators January 2014 Page 5
Lodging Tax Collections
Lodging tax collections reflect the level of
expenditures from tourism and travel. Visitors
attracted to local activities spend money within
the local area. Merchants use these monies to
pay salaries of their employees and purchase
goods and services used in their businesses. In
turn, the employees spend their income for goods
and services. This cycle repeats several times.
The total economic impact of the initial tourist
expenditure increases as each newly spent dollar
circulates through the local economy. If a
fraction of each dollar is saved or is spent outside
the local economy, the total economic impact is
reduced. The figure shown illustrates the
amounts of lodging tax collections distributed to
the Claremore Convention Visitors Bureau.
Source: City of Claremore
Electric and Water Meters
A good indicator of Claremore’s rate of growth
can be obtained by comparing the change in the
number of residential and commercial electric
and water meters. Changes in the number of
electric and water meters within a given area are
indicators of new or waning demand for services.
Frequently, an increase in meters may be
attributed to new construction although meters
may also increase due to an expansion of
services to existing buildings.
Source: City of Claremore
Source: City of Claremore
Building Permits
Residential building permits are a good indicator
of housing demand and of construction industry
health. They represent the number of new,
single-family buildings or homes where
construction will soon begin. Although residential
buildings are classified as investments, it is new
commercial and industrial building permits that
represent additions to the economy’s productive
capacity and capital stock. New commercial and
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Figure 15: Lodging Tax Collections,
Claremore, 2011-2013 Fiscal Years
2011 2012 2013
935
940
945
950
955
960
965
970
975
980
985
990
6450
6500
6550
6600
6650
6700
6750
6800
6850
6900
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
CommercialResidential
Figure 16: Water Meters,
Claremore, 2012-2013
Residential 2012 Residential 2013
Commercial 2012 Commercial 2013
1370
1380
1390
1400
1410
1420
1430
1440
1450
9600
9700
9800
9900
10000
10100
10200
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
CommercialResidential
Figure 17: Electric Meters,
Claremore, 2012-2013
Residential 2012 Residential 2013
Commercial 2012 Commercial 2013
6. Economic Indicators January 2014 Page 6
industrial buildings create not only an increase in
initial construction jobs, but also create
employment demand within the expanding
industries. Moreover, they increase the demand
for related jobs, such as those in education,
sales, real estate, medical, and other public
services within the surrounding community. While
residential building permits represent the current
state of the housing and construction industry
health, new commercial and industrial building
permits predict the future of economic health of
the community and entire economic region.
Table 2: Total Number of Permits,
Calendar Year-to-Date
Type Date
Rogers County Claremore
2Q YTD 2Q YTD
Residential
2013 95 185 9 12
2012 73 131 12 22
Commercial
2013 8 17 4 7
2012 7 16 2 6
Industrial
2013 N/A N/A 1 1
2012 N/A N/A 1 30
Sources: Claremore and Rogers County Planning Commissions
*Industrial figures for Rogers County are combined with commercial figures.
Table 3: Total Monetary Value of Permits,
Calendar Year-To-Date, in thousands
Type Date
Rogers County Claremore
2Q YTD 2Q YTD
Residential
2013 16,872 34,397 1,142 1,427
2012 8,983 17,824 1,432 2,533
Commercial
2013 4,167 12,078 7,690 8,184
2012 1,282 3,506 1,359 2,163
Industrial
2013 N/A N/A 369 369
2012 N/A N/A 180 180
Sources: Claremore and Rogers County Planning Commissions
*Industrial figures for Rogers County are combined with commercial figures.
Real Estate
The main determinants of the demand for
housing are demographic. However other factors
like income, price of housing, cost and availability
of credit, consumer preferences, investor
preferences, price of substitutes, and price of
complements all play a role. The core
demographic variables are population size and
population growth: the more people in the
economy, the greater the demand for housing.
But this is an oversimplification. It is necessary
to consider family size, the age composition of
the family, the number of first and second
children, net migration (immigration minus
emigration), non-family household formation, the
number of double family households, death rates,
divorce rates, and marriages. In housing
economics, the elemental unit of analysis is not
the individual but the household.
Source: Courtesy of Susan Olivarez, Keller Williams Realty, 918-639-4824.
*Value of Sales shown in millions; data is for property in the Claremore ISD
Source: Courtesy of Susan Olivarez, Keller Williams Realty, 918-639-4824.
*Value of Sales shown in millions
0
5
10
15
20
25
30
35
$0
$1
$2
$3
$4
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Figure 18: Real Estate Sales
Claremore, 2011-2012
Value of Sales/12 Value of Sales/13
Number of Sales/12 Number of Sales/13
0
20
40
60
80
100
120
$0
$5
$10
$15
$20
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Millions
Figure 19: Real Estate Sales
Rogers County, 2011-2012
Value of Sales/12 Value of Sales/13
Number of Sales/12 Number of Sales/13
7. Economic Indicators January 2014 Page 7
Labor Market Information
Labor market information consists of the local
number of labor force participants, the total
number employed, and the percentage of labor
force participants unemployed. The change in
number of jobs on the payrolls of business,
government, and non-profit establishments each
month is a more accurate indicator of labor
market health than the unemployment rate. The
labor force includes all employed persons plus
those who are seeking work. The unemployment
rate (the percentage of labor force participants
without a job and actively seeking work) is based
on a monthly survey. The unemployment rate is
sensitive to changes in the size of the labor force.
For example when unemployed workers become
discouraged because they cannot find work and
stop looking for work, they are no longer in the
labor force. This causes a decline in the
unemployment rate. If these discouraged
workers later enter the workforce by seeking a
job, the unemployment rates increases.
Likewise, the influx of new people entering the
labor market for the first time may cause an
increase in unemployment rates. Consequently,
unemployment rates can increase, even though
total employment has increased. Changes in the
unemployment can also result from seasonal
changes such as the influx of new high school
and college graduates who seek employment. A
county’s unemployment rate is not necessarily a
worrisome event if the number of employed
increased at the same time.
Low unemployment rates are good for job
seekers, retail merchants, and taxing entities;
however, the increase in purchasing power tends
to cause the price of land and real estate to rise
within a county. Consequently, like many other
economic factors, there are both positive and
negative aspects to low unemployment. A few
positive results are that low unemployment rates
are typically accompanied by a drop in the crime
rate, a reduction in welfare recipients, and an
increase in concern and care for the elderly,
children, and the mentally challenged.
Source: Bureau of Labor Statistics. Note: data is not seasonally adjusted
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
Figure 20: Unemployment Rates
Craig Delaware Mayes Nowata Ottawa Rogers Washington Oklahoma US
8. Economic Indicators January 2014 Page 8
Meet the Innovation Center Team
Marcus Arreguin – Business Intelligence
Research Analyst. Marcus joined the Innovation
Center in 2011. Prior to that, he performed
Geographic Information Systems (GIS) work at his
business and for the U. S. Forest Service. He has
experience in GIS analysis, research, graphic
design, photography, marketing, and business
operations. His main responsibilities include
research, data analysis, GIS mapping & analysis,
and design and production of publications.
Marcus received his Master of Interdisciplinary
Studies in Spatial Analysis in the fields of
geography, mathematics, and statistics from
Stephen F. Austin State University in
Nacogdoches, Texas. He also holds a Bachelor of
Science in Mathematics and Geography from
Stephen F. Austin and has coursework in
computer science and programming. Marcus is a
certified GIS Specialist through the National
Center for Economic Gardening.
Brandon Irby – New Media Specialist.
Brandon joined the Innovation Center in August
2013. He brings with him more than five years of
progressive communications experience.
Previously Brandon has worked with small
businesses and nonprofits to develop new
channels of communication focusing on
implementing new media strategies into their
existing marketing strategies. He received a
Bachelor of Arts in Corporate Communications
from Rogers State University where he also
studied graphic design. Brandon is currently
completing his New Media Specialist Certification
through the National Center for Economic
Gardening and has widespread experience in
brand management, strategic communications,
social media development and web development.
Jeri Koehler – Director. Jeri joined the Center in
2005 as the Business Development Specialist
and took over as director in 2012. Jeri received a
bachelor’s degree in business administration
from RSU and a Master of Business
Administration from Cameron University. Jeri is a
certified Team Leader through the National
Center for Economic Gardening.
For additional information on services, visit our
website at RSUinnovation.com or contact:
Rogers State University
(918) 343-7533
innovation@rsu.edu
About the Innovation Center – Established in
2002, the Innovation Center provides (1) small
business counseling services, (2) entrepreneurial
training, (3) a technology and business incubator,
(4) business intelligence research, and (5)
economic, demographic, and social research
related to economic development.