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2017 Economic Forum

CALHOUN COUNTY CHAMBER OF

COMMERCE AND VISITORS CENTER

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SPONSORS

2

Calhoun County Economy Forum

• National Update (Slides 3-15)• State of Alabama Update (Slides 16-43)• Calhoun County Update (Slides 44-115)

GDP % Change from Preceding Period for U.S.

1st Qtr 2014 – 4th Qtr 2016

-1.2%

4.6%

5.0%

2.3%

2.0%

2.6%2.0%

0.9% 0.8%

1.4%

3.5%

1.9%

-2%-1%0%1%2%3%4%5%6%

2014q1 2015q1 2016q13Source: U.S. Bureau of Economic Analysis Real $ Seasonally Adjusted Annual Rates

1.9% 4th Qtr 2016

U.S. Industrial ProductionJan 2015 – Dec 2016

106106

105105 105

104 105

103

104

105104

104103

104

105

106

107

Jan-15 Jul-15 Jan-16 Jul-164Source: Board of Governors of Federal Reserve System

+.66% 12 Months

Change in Total Nonfarm Payroll Employment for U.S.

Jan 2014-Jan 2017 in 1,000s

168

310 331

84

295

168

24

271

135

227

0

100

200

300

400

500

Jan 14 Jan 15 Jan 16 Jan 17

Payr

oll E

mp

in 1

,000

s

Jan 17 Pre +227,000

5Source: U.S. Bureau of Labor Statistics: Seasonally Adjusted

Dow Jones Industrial Average (DJIA) Feb 2014–Feb 2017

16,322

18,133

16,466

17,930

20,841

15,000

17,000

19,000

21,000

Feb-14 Feb-15 Feb-16 Feb-176Source: NY Stock Exchange

+29.98% 12 Months

Consumer Price Index U.S. Jan 2014-Dec 2016

235.4

237.8

235.2

238.1 237.8239.9

243.0

230

235

240

245

Jan-14 Jan-15 Jan-167

+2.1% 12 Months

Source: U.S. Bureau of Labor Statistics

U.S. Consumer Sentiment Jan 2014 – Jan 2017

81 82

87

9496

9187

91 93

89

9591 98

99

75

85

95

105

Jan-14 Jan-15 Jan-16 Jan-178Source: University of Michigan Institute of Social Research

Last 12 Months +7.06%

Monthly Sales for Retail & Food Services in U.S.

Jan 2014-Dec 2016 in $ Bill

419

436 438447 450

458469

$410

$430

$450

$470

$490

Jan-2014 Jan-2015 Jan-2016

In $

Bill

ions

9Source: U.S. Census Bureau

+3.62% 12 Months

Case Shiller 20-City Home Price Index Jan 2014-Dec 2016

168170 170 172

179 179181

184188 188

190

165

175

185

195

Jan-14 Jan-15 Jan-1610Source: Standard and Poor’s

+5.50% 12 Months

Labor Force U.S.2006-2016 in Millions

152153

154 154 154 154155 155 156

157159

146148150152154156158160

06 07 08 09 10 11 12 13 14 15 16

In M

illio

ns

11Source: U.S. Bureau of Labor Statistics

Seasonally Adjusted

Labor Force U.S.Jan – Dec 2016 in Millions

158.4

158.9

159.3158.9

158.5158.9

159.3159.5

159.8159.6

159.5159.6

157.8

158.3

158.8

159.3

159.8

160.3

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

In M

illio

ns


+1,278,000 12 Months

Seasonally Adjusted

13

Employment U.S.2006-2016 in Millions

136 138 137

131 130132

134136

139142

144

125

130

135

140

145

150

06 07 08 09 10 11 12 13 14 15 16

In M

illio

ns


Seasonally Adjusted

Employment U.S.Jan – Dec 2016 in Millions

143 144 144 144 144144 144 145 145 145 145 145

142

143

144

145

146


In M

illio

ns


+1,989,00012 Months

Seasonally Adjusted

Unemployment Rate U.S.Jan 2016 - Jan 2017

15

4.9%

4.9%5.0%

5.0%

4.7%

4.9%

4.9%

4.9%

4.9%

4.8%

4.6%

4.7%4.8%

4.3%

4.5%

4.8%

5.0%

5.3%

Jan-16 Mar May Jul Sep Nov Jan-17

% U

nem

ploy

ed


Seasonally Adjusted

-.41% from 2015

16

State of Alabama Economy

• Population• Labor Force• Employment• Unemployment• Tax Revenues

Population Estimates State of Alabama 2006-2016

in Millions

4.634.67

4.724.76

4.79 4.80 4.82 4.83 4.85 4.86 4.86

4.5

4.6

4.7

4.8

4.9

06 07 08 09 10 11 12 13 14 15 16

In M

illio

ns


GDP % Change from Preceding Year for State of AL Vs U.S.

2006 - 20155.8%

4.5%

1.6%

-2.1%

3.8% 3.7% 4.1% 3.3%4.2% 3.7%

4.9%3.3%

1.6%

2.5%3.8% 3.4% 2.9% 2.3% 2.3% 2.7%

-4%-2%0%2%4%6%8%

06 07 08 09 10 11 12 13 14 15

US AL

18Source: U.S. Bureau of Economic Analysis: Current $

GDP % Change from Previous Quarter State of AL Vs U.S. 2nd Qtr 2015-3rd Qtr 2016

4.9%

3.2% 1.8%

1.3%

3.7%

5.0%

3.2%

3.9%

0.5%

2.6%3.3%

4.5%

0%1%2%3%4%5%6%

15Q1-Q2 15Q2-Q3 15Q3-Q4 15Q4-16Q1 16Q1-Q2 16Q2-Q3

US AL


Labor Force State of Alabama 2006-2016 in Millions

2.17 2.17 2.172.16

2.19 2.20

2.172.15 2.15 2.14

2.18

2.102.122.142.162.182.202.22

06 07 08 09 10 11 12 13 14 15 16

In M

illio

ns


Seasonally Adjusted

Labor Force State of Alabama Jan – Dec 2016 in Millions

2.152.17

2.18 2.18 2.182.18

2.162.16

2.17

2.182.19

2.20

2.14

2.16

2.18

2.20

2.22


In M

illio

ns


Seasonally Adjusted

22

Employment State of Alabama 2006-2016 in Millions

2.08 2.09

2.05

1.92

1.961.99 1.99 2.00 2.00 2.01

2.05

1.90

1.95

2.00

2.05

2.10

06 07 08 09 10 11 12 13 14 15 16

In M

illio

ns


Seasonally Adjusted

Employment State of AlabamaJan – Dec 2016 in Millions

2.02

2.032.04

2.05 2.052.04

2.04 2.042.05

2.062.07 2.07

2.012.022.032.042.052.062.072.08


In M

illio

ns


+46,513 for 12 Months

Seasonally Adjusted

Unemployment Rate State of AL Jan - Dec 2015 vs 2016

24

6.0%5.7%

6.1%6.2%

6.0%

5.9%

6.2% 6.1%

6.0%

5.4%5.7%

6.2%

5.0%

5.5%

6.0%

6.5%

7.0%


% U

nem

ploy

ed

20152016


Seasonally Adjusted

-0.06% from 2015

Unemployment Rate AL vs U.S. Jan - Dec 2016

25

6.2% 6.2%6.0%

5.7%5.4%

5.9%6.2%

4.9% 4.9% 5.0% 4.9% 4.9% 4.8% 4.7%4.3%

4.8%

5.3%

5.8%

6.3%


% U

nem

ploy

ed

AL U.S.


Seasonally Adjusted

Weekly Initial Unemployment Claims State of Alabama

2015 vs 2016

8,000

10,500

13,000

15,500

18,000

Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec

Cla

ims p

er M

onth

20152016

26Source: Alabama Department of Labor

-5.29% 12 Months

27

KY 4.8%

TN 4.9%

MS 5.6%

NC 5.1%

SC 4.3%

FL 4.9%

AL 6.2%

Unemployment Rates Southeastern United States

Dec 2016

Seasonally Adjusted

GA 5.4%

Source: AL Dept of Labor

Job Quit Levels Annual Per Month Average for U.S. South Region

2006-2016 in Thousands1259 1204

1027

711 743 795882

9611067

1154 1201

400

600

800

1000

1200

1400

06 07 08 09 10 11 12 13 14 15 16

In T

hous

ands

28Source: Bureau of Labor Statistics

Movers Study by United Van Lines 2016

29

High InboundBalancedHigh Outbound

Source: United Van Lines 2016 Movers Study

Total/Sales/Individual Income Tax State of AL Monthly % Change Jan

to Dec 2015 vs 2016

-10%-5%0%5%

10%15%20%25%

Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec

% C

hang

e

+2.68% Total

30Source: Alabama Department of Revenue

+4.17% Sales +4.57% Incomes

Total/Sales/Individual Income Tax State of AL in $ Millions

FYTD 15-16 vs FYTD 16-17

31Source: Alabama Department of Revenue Oct-Jan

In $ Millions

FYTD15-16

FYTD 16-17

% Change

Individual Income Tax $1,134 $1,193 +5.19%Sales Tax $761 $776 +1.99%Total $2,384 $2,519 +5.35%

Total/Sales/Individual Income Tax State of AL in $ Millions

Jan 2016 vs Jan 2017

32Source: Alabama Department of Revenue

In $ Millions Jan 2016 Jan 2017 % ChangeIndividual

Income Tax $236.93 $265.99 +12.3%

Sales Tax $206.75 $205.31 -.70%

Total $839.59 $872.60 +4.54%

33

Housing Statistics State of AL 2015 vs 2016

2015 2016 % ChangeMedian Price $133,991 $141,442 +5.6%Avg Days on

Market 149 142 -4.2%Total Homes

Sold 49,877 53,759 +7.8%Source: Alabama Center for Real Estate

34

• State Survey – 1st Quarter 2017• Approximately 192 respondents• Operated by University of Alabama Center for

Business and Economic Research• cber.cba.ua.edu

35

0.0%6.8%

31.3%

54.2%

7.8%

0%10%20%30%40%50%60%

Much Worse Worse Remain theSame

Better Much Better

% o

f Res

pond

ents

Source: Alabama Business Leaders Confidence Index

Economic Outlook for AlabamaQ1 2017 compared to Q4 2016

36

57.654.8

51.253.0

55.152.4 52.6

62.7

50

55

60

65

Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17

Inde

x Va

lue

Economic Outlook Index for Alabama Q2 15 – Q1 17


% Change Q4 16 - Q1 17 +19.2%% Change Q1 16 - Q1 17 +18.3%

Hiring Outlook for AlabamaQ1 2017 compared to Q4 2016

3.1%10.4%

43.2% 39.6%

3.6%0%

15%

30%

45%

60%

StrongDecrease

ModerateDecrease

No Change ModerateIncrease

StrongIncrease

% o

f Res

pond

ents

Source: Alabama Business Leaders Confidence Index 37

57.0

54.2

51.7

53.954.9

49.9

51.9

57.6

49

54

59

Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17

Inde

x Va

lue


Hiring Outlook Index for Alabama Q2 15 – Q1 17

38


Sales Outlook for AlabamaQ1 2017 compared to Q4 2016

2.6%13.0%

20.8%

55.2%

8.3%

0%

15%

30%

45%

60%

StrongDecrease

ModerateDecrease


StrongIncrease

% o

f Res

pond

ents


60.5

57.1

54.055.1

57.9

54.3 54.9

63.4

52

57

62

67

Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17

Inde

x Va

lue


Sales Outlook Index for Alabama Q2 15 – Q1 17

40


1.6%

13.5%

39.1% 41.1%

4.7%0%

15%

30%

45%

60%

StrongDecrease

ModerateDecrease


StrongIncrease

% o

f Res

pond

ents


Capital Expenditures Outlook Q1 2017 compared to Q4 2016

55.2

53.6

51.552.8 53.0

55.1

52.0

58.5

50

55

60

Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17

Inde

x Va

lue


Capital Expenditures Outlook Alabama Q2 15 – Q1 17


State of Alabama Summary

• Population Census Up• State GDP Up (2015 2.17%, 2016 est June 17)• Labor Force Up (+48,505 2016)• Employment Up (+35,314 2016)• Unemployment Rate Down (5.9% Dec)• Housing Up (+7.8% Homes Sold 2015-2016)• 1st Qtr State Confidence Index (Up Sharply)

43

Calhoun County Economy

44

Calhoun County Economy

45

• Membership Survey (45-68)• Employment (69-87)• County and Municipal Tax Collections (88-101)• Tourism & Housing (102-108)• Economic Development Center (109-114)

Membership Survey of Calhoun County Chamber of Commerce 2016

• Ten years of data from Membership• Results for seven questions• First chart shows last years results• Second chart shows this years results• Third chart shows average for 10 years• Index value = sum of item values multiplied by response %

/ # options46

Q#1: Overall Economic Outlook Last Year (Feb 2016)

47

20%

32%

46%

0%

10%

20%

30%

40%

50%

Worse About Same Better

Feb 2016Index .74

Source: 2016 Calhoun County Chamber of Commerce Membership Survey

48

0%

11%

22%

46%

28%

0%

10%

20%

30%

40%

50%

Much Worse Worse About Same Better Much Better

Feb 2017Index .82


Q#1: Overall Economic Outlook This Year (Feb 2017)

49

.76

.58 .56

.77.84

.77.82

.87

.74

.82

.40

.53

.65

.78

.90

08 09 10 11 12 13 14 15 16 17

Inde

x Va

lue

Q#1: Overall Economic Outlook 2008-2017

Source: 2007-2016 Calhoun County Chamber of Commerce Membership Survey

50

Q#2: Employment Outlook Last Year (Feb 2016)


14%

59%

26%

0%10%20%30%40%50%60%70%

Cutback # Emp Remain Same Expand # Emp

Feb 2016Index .71

51

Q#2: Employment Outlook This Year (Feb 2017)


0%7%

45%41%

6%

0%

10%

20%

30%

40%

50%

MajorCutback #

Emp

SlightCutback #

Emp

Remain Same SlightIncrease #

Emp

MajorIncrease #

Emp

Feb 2016Index .69

52

.76

.63 .65.70

.74 .72.75 .76

.71 .69

.40

.53

.65

.78

.90

08 09 10 11 12 13 14 15 16 17

Inde

x Va

lue

Q#2: Employment Outlook 2008-2017


53

Rem ain same75

Q#3: Intentions Concerning Employee Compensation Last Year

(Feb 2016)


1%

51% 48%

0%

15%

30%

45%

60%

Decrease Leave Unchanged Increase

Feb 2016Index .82

54

Rem ain same75

Q#3: Intentions Concerning Employee Compensation This Year

(Feb 2016)


0% 5%

28%

64%

3%0%

10%20%30%40%50%60%70%

MajorDecrease

SlightDecrease

Remain Same SlightIncrease

MajorIncrease

Feb 2016Index .73

55

.83

.61

.73

.61

.70.65

.74

.83 .82

.73

.40

.53

.65

.78

.90

08 09 10 11 12 13 14 15 16 17

Inde

x Va

lue

Q#3: Intentions Concerning Employee Compensation 2008-2017


56

Rem ain same75

Q#4: Demand for Products/Services Last Year (Feb 2016)


15%

41% 44%

0%

10%

20%

30%

40%

50%

Decrease Unchanged Increase

Feb 2016Index .76

57

Rem ain same75

Q#4: Demand for Products/Services This Year (Feb 2017)


0%5%

26%

55%

14%

0%

15%

30%

45%

60%

MajorDecrease

SlightDecrease


MajorIncrease

Feb 2017Index .76

58

.81

.70

.55

.75 .78 .77 .80

.88

.76 .76

.40

.53

.65

.78

.90

08 09 10 11 12 13 14 15 16 17

Inde

x Va

lue

Q#4: Demand for Products/Services 2008-2017


Rem ain same75

Q#5: New Product Offerings Last Year (Feb 2016)

Source: 2015 Calhoun County Chamber of Commerce Membership Survey 59

5%

48% 47%

0%

10%

20%

30%

40%

50%

60%


Feb 2016Index .81

Rem ain same75

Q#5: New Product Offerings This Year (Feb 2017)

Source: 2016 Calhoun County Chamber of Commerce Membership Survey 60

0% 2%

43% 41%

15%

0%

10%

20%

30%

40%

50%

MajorDecrease

SlightDecrease


MajorIncrease

Feb 2017Index .74

.74.69 .65 .69 .71 .71

.76.82 .81

.74

.40

.53

.65

.78

.90

08 09 10 11 12 13 14 15 16 17

Inde

x Va

lue

Q#5: New Product Offerings 2008-2017

61Source: 2007-2016 Calhoun County Chamber of Commerce Membership Survey

Rem ain same75

Q#6: Intention to Change Number of Outlets Last Year (Feb 2016)

62Source: 2015 Calhoun County Chamber of Commerce Membership Survey

8%

77%

15%

0%

15%

30%

45%

60%

75%

90%


Feb 2016Index .69

Rem ain same75

Q#6: Intention to Change Number of Outlets This Year (Feb 2017)


0% 1%

81%

16%2%

0%15%30%45%60%75%90%

MajorDecrease

SlightDecrease


MajorIncrease

Feb 2017Index .63

.51.56

.48

.41.47 .48

.52

.70 .69.64

.40

.50

.60

.70

.80

08 09 10 11 12 13 14 15 16 17

Inde

x Va

lue

Q#6: Intention to Change Number of Outlets 2008-2017


16%

60%

24%

0%10%20%30%40%50%60%70%

Cutback # Emp Remain Same Expand # Emp

Rem ain same75

Q#7: Intentions Concerning Expenditures on Advertising Last

Year (Feb 2016)


Feb 2016Index .69

Rem ain same75

Q#7: Intentions Concerning Expenditures on Advertising This

Year (Feb 2017)


1%7%

48%

36%

7%

0%10%20%30%40%50%60%

MajorDecrease

SlightDecrease


MajorIncrease

Feb 2017Index .68

.68

.54.57 .58

.62 .64.61

.73.69 .68

.40

.50

.60

.70

.80

08 09 10 11 12 13 14 15 16 17

Inde

x Va

lue

Q#7: Intentions Concerning Expenditures on Advertising

2008-2017


68

Membership Survey: Largest Response Category by % 2016

• Overall Outlook– Slightly Better 46%• Number of Employees – No Change 45%• Employee Pay – Slight Increase 64%• Demand for Products – Slightly Better 55%• New Products – No Change 43%• Number of Outlets – No Change 81%• Advertising Spending – No Change 48%

Population Trends Calhoun County 2004-2015

in Thousands

112 112 113 113 113 114

119 118 117 117116 115

110

112

114

116

118

120

04 05 06 07 08 09 10 11 12 13 14 15

In T

hous

ands


2014 - 115,9162015 – 115,620

GDP % Change from Preceding Year for Calhoun County Vs AL

2006 - 2015

4.5%

6.9%

2.5%

-3.6%

2.9%

-0.6%-1.6%

-2.6%

1.2% 1.8%

4.6%

3.2%2.0%

-2.5%

4.1% 3.4% 2.9% 2.3% 2.3% 2.7%

-6%-4%-2%0%2%4%6%8%

06 07 08 09 10 11 12 13 14 15

CalhounAL


Labor Force Calhoun County 2007-2016 in Thousands

53.551.9

49.0 49.148.0 47.5

46.2 46.7 46.4 46.3

45

47

49

51

53

55

07 08 09 10 11 12 13 14 15 16

In T

hous

ands


-.22% 2015-2016

Labor Force Calhoun County Jan – Dec 2016 in Thousands

45.8

46.2 46.246.0

46.3

46.7

46.246.4

46.2

46.846.6

46.2

45.0

45.5

46.0

46.5

47.0


In T

hous

ands


+467 for 12 Months

73

Employment for Calhoun County 2007-2016 in Thousands

51.150.3

47.446.5 46.1

45.443.9 43.7 43.1 43.3

42

45

47

50

52

07 08 09 10 11 12 13 14 15 16

In T

hous

ands


.5% 2015-2016

Employment Calhoun County Jan – Dec 2016 in Thousands

42.642.9

43.043.2

43.3 43.3 43.343.5

43.3

43.7 43.7

43.2

42.0

42.5

43.0

43.5

44.0


In T

hous

ands


+626 for 12 Months

Unemployment Rate for Calhoun County 2007-2016

75

3.5%

5.1%

9.9% 9.8%9.2%

8.0%7.2% 7.2% 6.9% 6.6%

3%

5%

7%

9%

11%

07 08 09 10 11 12 13 14 15 16

% U

nem

ploy

ed


Unemployment Rate for Calhoun County 2016


7.0%7.2%

7.0%

6.1%

6.5%

7.3%

6.4%

6.1%

6.2%6.6%

6.2%6.6%

5%

6%

7%

8%


% U

nem

ploy

ed

Not Seasonally Adjusted

77

Unemployment Rate6.8% and Below6.9% - 8.3%8.4% and Above

Source: Alabama Department of Labor

6.5%

Alabama Unemployment RatesDecember 2015

State Ave – 5.9%


78

Unemployment Rate6.1% and Below6.2% - 7.4%7.5% and Above

Source: Alabama Department of Labor

6.6%

Alabama Unemployment RatesDecember 2016

State Ave – 5.9%


Employment State Peak to Now % Change AL MSAs

Jan 07- Dec 16

-2%

-19%

14%

-1%-6%

-9% -5% -5%

5%

-2% -1%

12%

-20%

-10%

0%

10%

20%

AL

Ann

Aub

Bham

Deca

Doth

Flor

Gads

Hunt

Mob

Mont

Tusc


Employment % Change AL & AL MSAs Dec 15- Dec 16

1.7%

0.6%

3.9%

1.7%0.9% 0.9%

0.2%

1.6% 2.0%1.7% 1.6%

2.0%

0%

5%

AL

Ann

Aub

Bham

Deca

Doth

Flor

Gads

Hunt

Mob

Mont

Tusc


81

Federal Employment for Calhoun County 2003-2015 in Thousands

4.14.5

5.05.3

5.6 5.5 5.5 5.55.2

4.6

4.0 3.93.7

4.0

3

4

5

6

03 04 05 06 07 08 09 10 11 12 13 14 15 16

In T

hous

ands


82

Manufacturing Sector Employment Calhoun County 2003-2016 in

Thousands8.3 8.1

7.7 7.4 7.4 7.4

6.45.8 5.7 5.8 5.7 5.9 6.0 5.9

4

5

6

7

8

9

03 04 05 06 07 08 09 10 11 12 13 14 15 16

In T

hous

ands


83

Service Sector for Calhoun County 2003-2016 in Thousands

4041

4243

44 4442 42 42 41

40 40 39 40

34

36

38

40

42

44

46

03 04 05 06 07 08 09 10 11 12 13 14 15 16

In T

hous

ands


Private Industry Ave # Hrs Worked per Week State of Alabama

2007-201636.6

36.0

34.835.1 35.3

36.0 36.1

35.5 35.5 35.6

34

35

36

37

07 08 09 10 11 12 13 14 15 16

Hou

rs W

orke

d pe

r W

eek


Private Industry Ave # Hrs Worked per Week State of Alabama Jan -

Dec 2016

35.5

35.6

35.5

35.6

35.9

35.735.6

35.4

35.6

36.0

35.4

35.4

35.0

35.5

36.0


Hou

rs W

orke

d pe

r W

eek


$19.4 $19.6 $19.7 $19.9$20.1 $20.2 $20.2

$20.7$21.0

$21.8

$18

$19

$20

$21

$22

07 08 09 10 11 12 13 14 15 16

$ pe

r Hou

r

86

Private Industry Ave Hourly Earnings for State of Alabama

2007 - 2016


+3.8% 12 Months

Private Industry Ave Hourly Earnings for State of Alabama

Jan - Dec 2016

$21.64

$21.60$21.43

$21.83

$21.90

$21.80

$21.97

$21.79

$21.86

$22.22

$21.98

$21.90

$21

$22

$22

$23


$ pe

r Hou

r


+1.2% 12 Months

State Sales Tax Collections Calhoun County FY 09-10 – FY 15-16

in $ Millions

$21.40

$25.24

$28.00 $29.12$31.19 $31.02 $30.50

$20

$23

$25

$28

$30

$33

09-10 10-11 11-12 12-13 13-14 14-15 15-16

In $

Mill

ions

88Source: AL Dept of Revenue

-1.66% Fiscal Yr

State Use Tax Collections Calhoun County FY 09-10 – FY 15-16

in $ Millions

$1.10 $1.08 $1.08

$0.93

$1.19$1.12

$0.84

$0.8

$0.9

$1.0

$1.1

$1.2

$1.3

09-10 10-11 11-12 12-13 13-14 14-15 15-16

In $

Mill

ions


-24.6% Fiscal Yr

State Lodging Tax Collections from Calhoun County FY09-10 – FY15-16

in $ Thousands

$778.4$824.5

$771.6

$847.1$883.6

$915.1

$1,022.8

$700

$800

$900

$1,000

$1,100

09-10 10-11 11-12 12-13 13-14 14-15 15-16

In $

Tho

usan

ds


+11.77% Fiscal Yr

Sales, Use & Lodging Tax Annual Total FY08-09 – FY15-16

Anniston in $ Millions

$17.3 $17.1 $17.5

$19.0

$21.2 $20.8 $20.6

$22.0

$16

$18

$20

$22

$24

08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16

In $

Mill

ions

91Source: City of Anniston * increase in sales and use tax rate from 4% to 5% effective April 2012 (25%)

+6.81% 15-16 FY

Sales, Use & Lodging Tax FYTD Oct15-Jan16 vs Oct16-Jan17

Anniston in $ Millions

92Source: City of Anniston

$7.27

$5.87

$4.0

$5.0

$6.0

$7.0

$8.0

Oct15-Jan16 Oct16-Jan17

In $

Mill

ions

-19.2% FYTD 16-17

Sales & Use Tax Collected by AL Annual Total FY08-09 – FY15-16

Oxford in $ Millions

$22.6$24.3 $24.5 $25.3 $25.5

$26.6$28.4

$30.7

$18$21$23$26$28$31$33

08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16

In $

Mill

ions

93

+8.09% 15-16 FY

Source: AL Dept of Revenue

Sales & Use Tax FYTD Oct - Dec 2015 vs 2016

Oxford in $ Millions

$7.01

$7.49

$6.0

$6.5

$7.0

$7.5

Oct-Dec15 Oct-Dec16

In $

Mill

ions

94Source: City of Oxford

+6.8% 2016 FYTD

Sales & Use Tax Annual Total FY08-09 – FY15-16

Jacksonville in $ Millions

$5.3 $5.3 $5.5

$6.5$6.8 $7.0 $7.0

$7.3

$4.5

$5.5

$6.5

$7.5

08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16

In $

Mill

ions

95Source: City of Jacksonville

3.82% 15-16 FY

Sales & Use Tax FYTD Oct - Dec 2015 vs 2016

Jacksonville in $ Millions

$1.909 $1.919

$1.80

$1.90

$2.00

Oct-Dec15 Oct-Dec16

In $

Mill

ions

96

+0.5% 2016 FYTD

Source: City of Jacksonville

Sales & Use TaxAnnual Total FY08-09 - FY15-16

Ohatchee in $ Thousands

$481

$444

$534

$489

$550 $545$571

$549

$400

$450

$500

$550

$600

08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16

In $

Tho

usan

ds

97Source: City of Ohatchee

-3.8% 15-16 FY

Sales, Use & Lodging Tax Annual Total FY09-10 – FY15-16

Piedmont in $ Millions

$1.37 $1.36$1.45 $1.46 $1.46

$1.75

$1.89

$1.3$1.4$1.5$1.6$1.7$1.8$1.9

09-10 10-11 11-12 12-13 13-14 14-15 15-16

In $

Mill

ions

98Source: City of Piedmont

+8.1% 15-16 FY*

*1% tax increase Jan 1, 2015

*

Sales, Use & Lodging Tax FYTD Oct - Dec 2015 vs 2016

Piedmont in $ Thousands

$473$458

$350

$400

$450

$500

Oct15-Dec15 Oct16-Dec16

In $

Tho

usan

ds

99Source: City of Piedmont

-3.19% 2016 FYTD

Sales, Use Tax Annual Total FY08-09 – FY15-16

Weaver in $ Thousands

$223 $245 $234$289

$343

$444

$571 $555

$200

$300

$400

$500

$600

08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16

In $

Tho

usan

ds

100Source: City of Weaver

-2.87% 15-16 FY

Sales, Use & Lodging Tax FYTD Oct - Dec 2015 vs 2016

Weaver in $ Thousands$133.58

$89.74

$80$90

$100$110$120$130$140

Oct15-Dec15 Oct16-Dec16

In $

Tho

usan

ds

101Source: City of Weaver

-33% 2016 FYTD

Tourism Economic Impact State of Alabama

• Est over 25 Million visitors each year• $12.7 Billion in 2015• Represent 6.2% of State GDP• Est 175,652 jobs (9% of non agricultural)• Generated $797 Million State and Local Tax

Revenues102Source: Alabama Tourism Department, 2015

Tourism Expenditures in AL 2003-2015 in $ Billions

$6.8 $7.4 $7.5$8.5

$9.3 $9.6 $9.3 $9.1$10.2$10.7

$11.0 $11.8$12.7

$4

$6

$8

$10

$12

$14

03 04 05 06 07 08 09 10 11 12 13 14 15

Bill

ions

103Source: Alabama Tourism Department, 2015

Up 86% over 13 years

Tourism Impact in Calhoun County Jobs & Earnings 13-15

885 891

933

800

850

900

950

1,000

13 14 15

Jobs $20.9

$21.8

$23.4

$18

$20

$23

$25

13 14 15

Earn

ings

in M

illio

ns

104Source: Alabama Tourism Department, 2015

Up 4.7% 14-15 Up 7.3% 14-15

Number of Bankruptcy Cases Calhoun County: 2010-2016

835 864775

552 516

415484 461

300

500

700

900

2009 2010 2011 2012 2013 2014 2015 2016

# of

Ban

krup

tcy

Cas

es

-4.7% from 2015

105Source: U.S. Courts

Percentage Change in Bankruptcy Cases Calhoun County/AL/US 2011-2016

-10%

17%

-11%

-3%-7%

2% 2%

-11% -12% -13% -6%

-30%-20%-10%

0%10%20%30%

2011 2012 2013 2014 2015 2016

Calhoun AL US

106Source: U.S. Courts

107

Housing Statistics Calhoun County 2015 vs 2016

2015 2016 % ChangeMedian Price $105,152 $121,063 +15%Avg Days on

Market 129 134 +3.88%Total Homes

Sold 1,395 1,510 +8.24%Source: Alabama Center for Real Estate

108

122114

109

8876 81 80 82

90

102

116126

60

75

90

105

120

135

05 06 07 08 09 10 11 12 13 14 15 16

Hom

e Sa

les/

Mon

th

Average Number of Home Sales Per Month Calhoun County 2005-2016

Source: Alabama Center for Real Estate

98.87 Avg - -

Calhoun CountyEconomic Development

Council

New & Expanding Industries 2016

109

• 75 new jobs• $2.5 million

investment

110

• $362 million expansion• 160 new employees

111

112

• $2.5 million investment• 15 new jobs

113

• 14 new employees• $26 million investment

114

2012-2016$600 million in new investment

Over 2000 new jobs!

Calhoun County

Near Atlanta, Near Birmingham – Near Perfect

115

Calhoun County: Economic Summary

• Membership Survey- Positive “Slightly Better”• Population- Estimated Down Slightly• Employment- +626 Jan-Dec 2016• Unemployment- Dec 15 – 6.5%, Dec 16 - 6.6%• Municipal Revenues- Mainly Up • Housing Market- Up 8.24% Total Homes Sold• Tourism Revenues- Lodging Taxes +11.77%

2017 economic forum - jsu › ced › econ forum presentation version.pdf2017 economic forum calhoun...

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