The Economic Impact of the May 3, 1999 Tornado on the

1. The Economic Impact of the May 3, 1999 Tornado on the Economy of Stroud and Lincoln County, Oklahoma Fred Eilrich, Extension Associate Chuck Willoughby, Business Planning & Marketing Associate Jack Frye, Area Rural Development Specialist Mindy Moore, Student Assistant Gerald A. Doeksen, Regents Professor & Extension Economist Mike D. Woods, Professor & Extension Economist Mick R. Jones, Lincoln County Extension Director

2. The Economic Impact of the May 3, 1999 Tornado on the Economy of Stroud and Lincoln County, Oklahoma • Basic Economic Data • Tornado Damage Assessment • Impacts on Jobs, Income, and Retail Sales • Recommendations

3. Basic Economic Data Employment Data

4. Basic Economic Data Employment Data

5. Basic Economic Data Retail Sales Data

6. Tornado Damage Assessment

7. Tornado Damage Assessment

8. Tornado Damage Assessment

9. Tornado Damage Assessment

10. Tornado Damage Assessment Estimated Sales Tax Loss by Category to Stroud Category Communications Electric, Gas, & Sanitation General Merchandise Food Stores Apparel & Accessories Furniture & Home Furnishings Eating & Drinking Miscellaneous Retail Hotel & Motel Unclassified TOTAL Sales Loss $3,176 $27,819 $143,426 $24,573 $626,494 $33,356 $45,500 $96,610 $9,729 $28,445 $1,039,128

11. Tornado Damage Assessment Estimated Revenue Loss by Source to Stroud Category Electric Water Sewer Sanitation Other Fees TOTAL Revenue Loss $500,327 $2,332 $1,190 $95,417 $7,663 $606,929

12. Tornado Damage Assessment Estimated Structural, Nonstructural, Contents, Sales, and Inventory Loss to Industries in Stroud Industry Manufacturing Services Trade Utilities TOTAL Structural $75,000 $5,095,000 $15,139,000 $70,400 $20,309,000 Nonstructural $2,500 $530,000 $18,000 0 $550,500 Contents $5,000 $179,000 $1,683,100 0 $1,867,100 Sales $25,000 $4,789,000 $26,800,000 0 $31,614,000 Inventory 0 $87,000 $9,099,389 0 $9,186,389

13. Impacts on Jobs, Income, and Retail Sales Assuming Permanent Loss of Tanger Outlet Mall Area of Loss Employment Income Retail Sales (Employees) Retail Sales (Mall Visitors) Total Retail Sales Sales Tax Collections (Employees) Sales Tax Collections (Mall Visitors) Total Sales Tax Collections Direct 325 $4,875,000 $1,338,188 $25,274,313 $26,612,500 $53,528 $1,010,973 $1,064,500 Total 650 $10,676,250 $2,930,631 $25,274,313 $28,204,943 $117,225 $1,010,973 $1,128,198 Indirect & Induced 325 $5,801,250 $1,592,443 0 $1,592,443 $63,698 0 $63,698

14. Impacts on Jobs, Income, and Retail Sales Accounting for All Temporary and Permanent Jobs Lost Area of Loss Employment Income Retail Sales (Employees) Retail Sales (Mall Visitors) Total Retail Sales Sales Tax Collections (Employees) Sales Tax Collections (Mall Visitors) Total Sales Tax Collections Direct 587 $10,856,317 $2,980,059 $25,274,313 $28,254,372 $119,202 $1,010,973 $1,130,175 Total 1,176 $23,611,677 $6,481,405 $25,274,313 $31,755,718 $259,256 $1,010,973 $1,270,229 Indirect & Induced 589 $12,755,360 $3,501,346 0 $3,501,346 $140,054 0 $140,054

15. Impacts on Jobs, Income, and Retail Sales Assuming Permanent Loss of Integris Hospital Area of Loss Employment Income Retail Sales Sales Tax Collections Direct 56 $1,310,400 $359,705 $14,388 Total 113 $2,738,736 $751,783 $30,071 Indirect & Induced 57 $1,428,336 $392,078 $15,683