helena business climate 5-year trend report from 2015 ... · helena business climate 5-year trend...
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HELENA BUSINESS CLIMATE
5-YEAR TREND REPORTFrom 2015 through Dec.
2019
Cathy Burwell, President/CEO
(updated January, 2020)
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HELENA FACTS–
Historically Most Stable Economy Of The Larger Cities In Montana Higher Median Income Levels60% of workforce is connected
to State government positions.
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MORE FACTS TO REMEMBER….
82% of L&C County’s population lives in the Greater Helena Area
Helena’s share of Lewis & Clark County’s employment & income is close to 90%
As of Dec. 2019 Lewis and Clark county had a total of 34,596 employed in our Labor Force up 494 from last year; resulting in approx. 738 unemployed. 3% unemployment
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Helena and Surrounding Area Trends
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Policom Ranking for Economic Strength…….
Of 550 cities across the nation under 50,000 People2012 - 2013: Helena ranked 2nd!!!!
2014: Helena ranked 3rd!!!
2015: Helena ranked 14th (ND oil towns….!)
2016: Helena ranks 8th (back in top 10)
2017 – 38th
2018 – 54th
2019 – 49th
2020 – 24th Top 5% of 550
Helena has been in the top rankings since 2010
“Economic strength is the long term tendency for an area to consistently grow in both size and quality.”
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Employment in Helena Area…
5.20%
4.40%4.50%
3.30%3.10%2.70%
3.20%2.70%3.00%3.30%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Helena Unemployment Rate
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Income Comparisons $54,611
$35,278
48,380
$27,308
55,322
$29,829
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
Median Income Per Capita Income
Helena
Montana
UnitedStates
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Education Rates(Lewis and Clark County)94.30%
44.80%
94.30%
37.60%
92.40%
29.10%
0.00%
20.00%
40.00%
60.00%
80.00%
100.00%
Percent High Schoolgraduate or higher
Percent BachelorsDegree or Higher
Helena,MT
LewisandClarkCountyMontana
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COST OF LIVING INDEX
*Based on US cost of living average of 100. Above 100 is more expensive and below 100 is less expensive than US average
*info from www.BestPlaces.net BOZEMAN 118.5%, Montana Overall - 94%
0.00% 20.00% 40.00% 60.00% 80.00% 100.00% 120.00%Overall Index
Overall Index Food Utilities Other2019 94.70% 102.00% 87.20% 103.00%2018 101.00% 106.80% 87.00% 101.00%2017 104.80% 104.80% 93.00% 104.40%2016 105.00% 101.40% 93.00% 104.00%2015 103.50% 110.10% 94.00% 102.00%2014 104.00% 110.00% 94.00% 102.00%
Cost of Living 2013-2017
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BUSINESS FACTS…
78% of all businesses in the Helena Area have 10 or less employees
There are approx. 3500 businesses in the entire Helena Valley
3000+ Jefferson Co. & 600+ Broadwater Co. workers travel to Helena to work
each day.
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Residential Permits
RESIDENTIAL – City of Helena 2015 – 301 permits = $33.3 million
2016 - 217 permits = $94.8 million
2017 – 232 permits = $28.9 million
2018 – 364 permits = $43.65 million
2019 - 316 permits = $42.3 million
PLUS _181 permits for new septic systems in the valley
outside city limits
HOUSING STARTS IN CITY OF HELENA: 64 per MBIA
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CITY: HOME PERMIT INFO
Of 316 Residential permits = _64_ total new residences Single Family Dwellings (within city limits)
Home Cost Analysis: 31 – under $200,000 19 - $200,000 - $350,000
8 - $350,001 - $499,000 4 - $500,001 – $1 million
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MOREResidential
• Of 316 Residential permits = 46 new multi-familyDwellings (within city limits)(duplexes, tri-plexes, four-plex, etc. )
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Average HomeSale Prices
$0.00
$50,000.00
$100,000.00
$150,000.00
$200,000.00
$250,000.00
$300,000.00
$350,000.00
201120122013201420152016201720182019
2011:$208,4862012:$201,3512013:$221,8942014:$229,8942015:$233,8682016: $256,3312017: $269,3852018: $283,1902019: $301,411
*_796__ homes sold in 2019 -Ave D.O.M. – 53 (comp. to 94 in ‘18)
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HousingStarts
Lewis and Clark County:Housing Starts: 2013 - 257 - Up 28.9%2014 - 203 - Down 21%2015 – 182 - Down 10%2016 – 212 - up 16.5%2017 – 225 – up 6.1%2018 – 183 - down2019 - 208 - up 13.5% (note down 23% over 2013)
FROM : Mt. Building Industry Association
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Commercial Building permits in the City
2014 – 229 permits – 49.3 millio
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Larger Projects permittedin 2019:
• E. Helena High School - 29.5 million• Helena Regional Airport Terminal – 11 Million • L&C County Jail - Demolition and
build/remodel - 8.8 million• St. Peters Health - Operating Room Reno,
Parking lot, and Pharmacy renos - 7.41 Million• Farmers State Bank – Demo of property & New
Bank - 5.23 million• Lewis and Clark Library - 4.5 million
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More permitted in 2019
Carroll College – Anthrozoology Building 1.7 million
Plus PE Center: 921,445. 2.6 million total
Helena School District 1 - (Kessler, Broadwater, Smith, Bryant, Capitol HS) 2.08 million
U=Haul project at K-Mart - 1.29Million
2 new buildings on Bozeman Ave. – Monarch Taxidermy & Krone bldg. = 1.08 million total
High Country Outfitters Rifle Range – $900,000+
Heidi’s Casino - $950,000
CVS (Elm Street) $895,000
Salvation Army - $845,000
Cottonwood LLC on Road Runner - $811,700.
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Smaller NotableProjects
First Security Bank Renov. $329,500 Fritzie’s Casino - $269,000 Vanilla Bean Bakery - $265,000 Mt. Playwrights - $250,000 Verizon Remodel - $248,495 Mt. Helena Motorsports -
$249,0002.Phase 2?)
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Notable ProjectComing:
Greenway bike path between E. Helena and Montana City – 3.2 million(ASARCO funds through Prickly Pear Land Trust)
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ProjectsComing and possible….
• Flying Giant Adventure Zone15,000 sq. ft. • Airport terminal building expansion
completion• Projects at the mall site……… Some
residential, possibly a hotel, a restaurant, a bank, a professional office building, etc.
• Further development at Trinity Center including a potential bank, restaurant, shopping.
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Transportation
Commute Mode
Auto Alone74%
Carpool10%
Mass Transit
1%
Bike/other means2.71%
Walk7.9%
Work at Home
4%
Average Commute Time
13.5 Minutes
194,159
199,384
207,500
209,488
214,649
238,000
0 100,000 200,000 300,000
2014
2015
2016
2017
2018
2019
Total Flight PassengersIn & Out of HLN Airport
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Helena Regional Airport Update
• Passenger Traffic• Up 1.78% from 2018 (over 238,000)• Flights are Full• Increased Services – Delta using
bigger planes (50 seat to 75 seat) • United 2nd flight to Denver in last
July, adding 2nd flight to Seattle in May, 2020
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Helena Regional Airport Update
Future Projects7 Year Capital Improvement Program
(over the years of 2016-2022) 23 Million Dollar Project
Terminal Expansion –Phase II complete, projected finish 2020
Main Runway Re-ConstructionReplacement of Pavement on Airfield
Infrastructure
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MT Dept. of Military Affairs Economic Impact
$0.00
$10,000,000.00
$20,000,000.00
$30,000,000.00
$40,000,000.00
$50,000,000.00
$60,000,000.00 National Guard: Local Impact• Butte: $4,116,717
• Missoula: $4,913,378
• Billings: $7,658,678
• Helena: $44,006,067
• Great Falls: $56,080,023
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CREDITS…..
City of Helena * L & C County * Helena Chamber CVB
Helena Airport Authority * Helena Association of Realtors
City-Data.com * US Census 2000
www.policom.com * Smith Travel and Research
Ourfactsyourfuture.org * Bestplaces.net
Montana Building Industry Assoc.
MT National Guard - Department of Military Affairs
Helena Area Chamber of Commerce & Convention & Visitor Bureau
THANKS TO MY STAFF for their help with this presentation!
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TheHelena Area
Chamber of Commerce
YOUR BUSINESS ADVOCATE