Where the Money Is In the Greater Guthrie Dallas Polk Des Moines Madison Warren Economy
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Metropolitan Statistical Areas 381 Micropolitan Statistical Areas 536
2014 Ten Strongest Metropolitan Areas 1 Des Moines- West Des Moines, IA (MSA) 2 Aus=n- Round Rock, TX (MSA) 3 Washington- Arlington- Alexandria, (MSA) 4 SeaFle- Tacoma- Bellevue, WA (MSA) 5 Nashville- Davidson- Murfreesboro, TN (MSA) 6 San Antonio- New Braunfels, TX (MSA) 7 Fargo, ND- MN (MSA) 8 Omaha- Council Bluffs, NE- IA (MSA) 9 Kansas City, MO- KS (MSA) 10 Huntsville, AL (MSA)
2014 Ten Weakest Metropolitan Areas 381 Danville, IL (MSA) 380 Rome, GA (MSA) 379 Flint, MI (MSA) 378 Sebring, FL (MSA) 377 Pocatello, ID (MSA) 376 Kokomo, IN (MSA) 375 Hickory- Lenoir- Morganton, NC (MSA) 374 Burlington, NC (MSA) 373 Punta Gorda, FL (MSA) 372 Albany, OR (MSA)
2014 Ten Strongest Micropolitan Areas 1 Concord, NH (McrSA) 2 Williston, ND (McrSA) 3 Helena, MT (McrSA) 4 Minot, ND (McrSA) 5 Dickinson, ND (McrSA) 6 Claremont- Lebanon, NH- VT (McrSA) 7 Barre, VT (McrSA) 8 Winnemucca, NV (McrSA) 9 Indiana, PA (McrSA) 10 Bozeman, MT (McrSA)
2014 Ten Weakest Micropolitan Areas 536 Summerville, GA (McrSA) 535 Valley, AL (McrSA) 534 Peru, IN (McrSA) 533 Clewiston, FL (McrSA) 532 Fitzgerald, GA (McrSA) 531 Wauchula, FL (McrSA) 530 Helena- West Helena, AR (McrSA) 529 Silver City, NM (McrSA) 528 Connersville, IN (McrSA) 527 Cordele, GA (McrSA)
Iowa Metropolitan Areas Sioux City, IA-NE-SD Ames, IA Waterloo-Cedar Falls, IA Lyon Sioux Osceola OÕBrien Dickinson Clay Emmet Palo Alto Kossuth Winnebago Hancock Worth Cerro Gordo Mitchell Floyd Howard Allamakee Winneshiek Chickasaw Cedar Rapids, IA Plymouth Cherokee Woodbury Ida Buena Vista Sac Humboldt Pocahontas Calhoun Webster Wright Hamilton Franklin Hardin Butler Grundy Bremer Black Hawk Fayette Buchanan Clayton Delaware Dubuque Dubuque, IA Monona Crawford Carroll Greene Boone Story Marshall Tama Benton Linn Jones Jackson Cedar Clinton Harrison Shelby Audobon Guthrie Dallas Polk Jasper Poweshiek Iowa Johnson Scott Pottawattamie Mills Fremont Cass Adams Montgomery Page Taylor Adair Union Ringgold Madison Clarke Decatur Warren Lucas Wayne Marion Monroe Mahaska Appanoose Davis Keokuk Wapello Washington Jefferson Van Buren Henry Lee Muscatine Louisa Des Moines Davenport- Moline- Rock Island, IA-IL Iowa City, IA Omaha-Council Bluffs, NE-IA Des Moines, IA
Iowa Metropolitan Areas Rank Among 381 Metropolitan Areas 2014 2013 2004 Des Moines- West Des Moines, IA 1 2 28 Omaha- Council Bluffs, NE- IA 8 13 48 Cedar Rapids, IA 30 54 184 Iowa City, IA 52 68 107 Musca=ne, IA 68 120 419 Davenport- Moline- Rock Island, IA- IL 82 106 287 Clinton, IA 116 105 287 Spencer, IA 119 156 225 Fort Dodge, IA 124 152 253 Dubuque, IA 144 158 285 Ames, IA 151 135 179 Waterloo- Cedar Falls, IA 170 192 334 Sioux City, IA- NE- SD 184 220 309
Spencer, IA Iowa Micropolitan Areas Spirit Lake, IA Fort Dodge, IA Boone, IA Mason City, IA Lyon Sioux Plymouth Osceola OÕBrien Cherokee Dickinson Clay Buena Vista Emmet Palo Alto Kossuth Humboldt Pocahontas Winnebago Hancock Wright Worth Cerro Gordo Franklin Mitchell Floyd Butler Howard Chickasaw Bremer Allamakee Winneshiek Fayette Clayton Marshalltown, IA Woodbury Ida Sac Calhoun Webster Hamilton Hardin Grundy Black Hawk Buchanan Delaware Dubuque Clinton, IA Monona Crawford Carroll Greene Boone Story Marshall Tama Benton Linn Jones Jackson Cedar Clinton Harrison Shelby Audobon Guthrie Dallas Polk Jasper Poweshiek Iowa Johnson Scott Muscatine Storm Lake, IA Pottawattamie Cass Adair Madison Warren Marion Mahaska Keokuk Washington Louisa Muscatine, IA Mills Fremont Adams Montgomery Page Taylor Union Ringgold Clarke Decatur Lucas Wayne Monroe Wapello Appanoose Davis Jefferson Van Buren Henry Lee Des Moines Burlington, IA-IL Newton, IA Oskaloosa, IA Ottumwa, IA Fort Madison-Keokuk, IA-MO
Iowa Micropolitan Areas Rank Among 536 Micropolitan Areas 2014 2013 2004 Mason City, IA 148 211 210 Storm Lake, IA 190 244 440 Marshalltown, IA 205 222 350 Spirit Lake, IA 228 291 151 Burlington, IA- IL 262 213 292 OFumwa, IA 295 364 417 Boone, IA 307 359 405 Fort Madison- Keokuk, IA- IL- MO 405 346 517 Newton, IA 434 469 325 Oskaloosa, IA 451 514 506 Fairfield, IA 497 na na
Des Moines MSA Growth Ranking 2002-2012 Growth Rank 381 Metropolitan Areas % Increase Consistency Population 70 38 Employment 81 37 Earnings 88 25 Annual Wages 116 16 Number of NF Proprietors 130 21 Per Capita Personal Income 242 165 Per Capita Government Transfers 325 328
Actual Amount 381 Metropolitan Areas 2012 Rank Population 588,999 91 Annual Wages 55,058 57 Per Capita Personal Income 46,753 45 Per Capita Government Transfers 6,090 332 Per Capita Medicare 1,227 346 Per Capita Retire Trans 5,216 328 Per Capita Welfare - Actual 615 314 Per Capita Medical Transfers 2,296 335 Per Capita Medicaid 1,048 253
Employment - All Workers - Des Moines MSA - 2001-2012 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Finance Health Retail Local Gov Restaurant & Hotel Administrative Professional Other Services Construction Manufacturing
2200 Employment Factored Des Moines MSA - 1983-2012 2000 1800 1600 1400 1200 1000 800 11 09 07 05 03 01 99 97 95 93 91 89 87 85 83 Des Moines MSA STR MET WK MET
CPI Earnings Factored 2800 Des Moines MSA - 1983-2012 2600 2400 2200 2000 1800 1600 1400 1200 1000 800 11 09 07 05 03 01 99 97 95 93 91 89 87 85 83 Des Moines MSA STR MET WK MET
Primary Industries - Percentage of Impact - Des Moines MSA - 2012 50.0% 45.0% 40.0% 35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% Finance Manu State Gov Farm Management Whole Military Info
$000 Farm Receipts (000) - Des Moines MSA - 1983-2012 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 2011 2009 2007 2005 2003 2001 1999 1997 1995 1993 1991 1989 1987 1985 1983 Total Cash Receipts Livestock Crops
120% % of USA Wages Des Moines MSA - 1983-2012 110% 100% 90% 80% 70% 60% 11 09 07 05 03 01 99 97 95 93 91 89 87 85 83 Des Moines MSA STR MET WK MET
1400 CPI Factored Wages Des Moines MSA - 1983-2012 1300 1200 1100 1000 900 800 11 09 07 05 03 01 99 97 95 93 91 89 87 85 83 Des Moines MSA STR MET WK MET
Create more primary industry jobs which pay a wage higher than the area average wage. $75,000 $65,000 $55,000 $45,000 $35,000 $25,000 Wage Skill Ladder
What all areas need to do. 1. Review, objectively, the geographic economic assets and liabilities. 2. Engage higher education resources in economic development activity. 3. Provide for an abundant supply of industrial real estate. 4. Provide a trained or trainable workforce. 5. Fund a professionally managed economic development program.
Geographic Economic Issues 1 Interstate Highway 2 Air - Rail Access 3 U=li=es Costs 4 Insurance 5 Property Taxes 6 Corporate Income Tax 7 Value Added - Gross Receipts Tax 8 Personal Income Tax 9 Facility Costs 10 Telecommunica=ons 11 Labor Costs 12 Labor Reliability 13 Health Care Costs 14 Air Quality 15 Seaport Reduce the costs to primary employers as much as is legally possible.
Higher education engaged in economic development. 1. Research University. 2. Four year with graduate studies. 3. Community College. 4. Technical School.
Economic Development is ultimately a real estate transaction.
The most important issue relative to the site selection process is having an actual site.
Absence of Land or Physical Build-Out q Existing companies cannot expand in and new companies cannot locate to the area. Without land your economy will decline. q Existing facilities, over time, will become unusable, and more companies will leave the area. q The economy will stop growing and will begin to decline.
Economic Development Program Existing Industry Recruitment Start-Up