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The 2010 Faulkner County Economic Report

The 2010 Faulkner County Economic Report. 60 th Annual Report. Dr. Pat Cantrell. Dean of the College of Business. David Teaster Intern UCA Economics Major Amber Hall Project Specialist Office of Institutional Research. Themes. 2009- From Cotton to Computers

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The 2010 Faulkner County Economic Report

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  1. The 2010 Faulkner County Economic Report 60thAnnual Report
  2. Dr. Pat Cantrell Dean of the College of Business
  3. David Teaster Intern UCA Economics Major Amber Hall Project Specialist Office of Institutional Research
  4. Themes 2009- From Cotton to Computers 2008 - Conway and Oasis In Arkansas 2007 - We Have Gas 2006 - Conway is Growing and You Can Bank on it 2005 – The Billion Dollar Economy 2004- ABC’s of Conway (Apartments, Banks and Churches)
  5. 60 Years and 600% Growth … not bad!
  6. National Economy
  7. Gross Domestic ProductPercent Increase over Previous Year
  8. Unemployment Rate
  9. 2010 Monthly Unemployment Rate
  10. Average Annual Unemployment Rate
  11. Consumer Price Index (CPI)
  12. CPI for All Urban Consumers(Seasonally Adjusted)
  13. Dow Jones Industrial AverageYearend Closing 13,265 11,578 8,776
  14. Family Units Constructed 1532 1133 933 949 735 760 602 448
  15. Value of Building Permits (In Million Dollars)
  16. Population of Conway and Faulkner County 52% of Faulkner County’s population reside in Conway
  17. Faulkner County Births and Deaths per Year
  18. Cost of Living Comparison
  19. 2009 Violent and Property Crimesper Thousand Population Burglary Larceny-theft Motor Vehicle Theft
  20. Conway CorporationRevenues, Capital Expenditures and Number of Customers 2.33 Residents per Residential Electric Meter
  21. Faulkner County Sales Tax Receipts Conway Sales Tax Receipts
  22. Estimated Retail Sales for 2010 Conway$1,249,605,828 Faulkner County $1,566,845,200 80% of all Faulkner County Sales Occur in Conway
  23. Conway Advertising and Promotion Tax2% of Hotel and Restaurant Sales 2009 2010 % Change Hotels $318,502 $347,602 9.1% Restaurant* $2,573,883 $2,627,481 2.1% Total $2,892,385 $2,975,083 2.9% * Does not include tax on alcoholic beverages for 2010
  24. Motel Sales21 Hotels and One Bed and Breakfast % Change 2010 $17,5920,240 7.2% 2009 $ 16,404,114 -6.2% 2008 $17,485,927
  25. Top Five Hotels by Annual Sales 1. 4. 3. $2,521,545 $1,434,895 $1,449,652 2. 5. $1,325,391 $1,581,092
  26. Restaurant SalesIncludes Alcoholic Beverage Sales Sales % Change 2010 $140,014,531 7.0% 2009 $130,911,971 5.5% 2008 $124,115,600
  27. Top Ten Restaurant by Annual Sales(Does not include alcoholic beverage sales) 1. 3. 2. $3,950,036 $3,690,003 $3,625,022 4. 6. 5. Dave Ward Drive Salem $3,611,524 $3,202,551 $2,940,872 7. 8. 9. Hwy. 65 N. $2,662,961 $2,763,293 $2,644,305 Oak Street 10. $2,611,287
  28. Number of Banking Institutions in Faulkner County and Total Deposits
  29. Market Share of Faulkner County Bank Deposits
  30. Bank Earnings of Institutions Represented in Faulkner County (Year to Date as of June 30)
  31. Faulkner County Motor Vehicle Registration(In Thousands of Vehicles)
  32. 2010 Natural Gas ProductionBy County (Through November 10, 2010) 3229 wells with $2.9 billion production
  33. Severance Tax Revenue
  34. Lottery SalesAnnual Sales 2010
  35. Arkansas Scholarship Lottery Monthly Sales
  36. 2010 Annual Lottery Sales Per Capita
  37. 2009 Employment and Earnings for Faulkner County
  38. Any Questions?
  39. Thank You
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