The document summarizes economic data for Decatur, TX showing the local economy has recovered from the recession. Key points include:
- Decatur has experienced growth in population, businesses, employment and taxable property values since 2000.
- The economy has diversified away from basic services with growth in healthcare, manufacturing and wholesale trade.
- Partnerships between education, workforce programs and local industry are emphasized as important to support continued economic development.
1. Decatur, TX: Economic Prospectus
Decatur EDC
Business Appreciation Dinner
Decatur Civic Center
February 19, 2013
2. Economic Prospectus
• Decatur is a growing community offering a
competitive environment for investment
• Location advantages (DFW, I-35, West Texas)
for manufacturing, wholesale, energy
• Health care driving diversification of local
economy away from basic services
• Promising opportunities for linking economic
and workforce development
February 19, 2013 | Decatur EDC Business Appreciation Dinner
3. Talking Points
Source: Texas Comptroller
• Resilient economy: Tax base recovered nearly
all pre-recession value by end of 2011
• Competitive business environment: 2011 was
second best year on record for total sales at
local businesses ($895 million)
• Primary industry growth: manufacturing sales
up 78% during 2002-2011
Note: All data adjusted for inflation (2011 dollars). Texas Comptroller has not released 2012 data yet.
February 19, 2013 | Decatur EDC Business Appreciation Dinner
4. Population Growth
Source: U.S. Census Bureau, Total Population Growth, 2000-2010
Wise County 21%
Texas 21%
Decatur 16% Current Estimate:
6,114 (2011)
U.S. 10%
0% 5% 10% 15% 20% 25%
February 19, 2013 | Decatur EDC Business Appreciation Dinner
5. Total Industry Sales
Source: Texas Comptroller, % Change in Inflation-Adjusted Gross Sales (2011 Dollars), 2002-2011
Decatur 60%
Texas 58%
Fort Worth-Arlington 33%
0% 10% 20% 30% 40% 50% 60% 70%
February 19, 2013 | Decatur EDC Business Appreciation Dinner
6. Total Industry Sales
Source: Texas Comptroller, % Annual Change in Inflation-Adjusted Gross Sales (2011 Dollars)
25%
20%
Decatur
15%
10%
Fort Worth-Arlington
5%
0%
-5%
-10%
-15%
-20%
2003 2004 2005 2006 2007 2008 2009 2010 2011
February 19, 2013 | Decatur EDC Business Appreciation Dinner
7. Taxable Sales
Source: Texas Comptroller, % Change in Inflation-Adjusted Gross Sales (2011 Dollars), 2002-2011
Decatur 28%
Texas 19%
Fort Worth-Arlington 14%
0% 5% 10% 15% 20% 25% 30%
February 19, 2013 | Decatur EDC Business Appreciation Dinner
8. Taxable Sales
Source: Texas Comptroller, % Annual Change in Inflation-Adjusted Taxable Sales (2011 Dollars)
25%
20%
15%
10%
5% Decatur
0%
Fort Worth-Arlington
-5%
-10%
-15%
-20%
2003 2004 2005 2006 2007 2008 2009 2010 2011
February 19, 2013 | Decatur EDC Business Appreciation Dinner
9. Total Industry Sales
Source: Texas Comptroller, Inflation-Adjusted Growth in Gross Sales (2011 Dollars)
Decatur Decatur FW-Arlin
2011 2002-11 2002-11
Retail trade $332,265,734 9% 21%
Wholesale trade $138,761,378 22% 18%
Manufacturing $59,610,260 78% 86%
Information $12,640,759 -34% -42%
Construction $5,167,333 -27% 49%
Prof, sci, tech svcs $4,785,637 12% 0%
February 19, 2013 | Decatur EDC Business Appreciation Dinner
10. Taxable Property Value
Source: Texas Comptroller, % Annual Growth, Inflation-Adjusted (2011 Dollars)
16%
Taxable property in Decatur totaled
13.8% approximately $582 million in
14%
2011, up 61% from 2001.
12%
10%
8.4%
8% 7.3% 7.0%
6.0%
6% 5.0%
4% 2.7%
2% 1.6%
0.4%
0%
-2%
-2.6%
-4%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
February 19, 2013 | Decatur EDC Business Appreciation Dinner
11. Business Establishments
Source: U.S. Census Bureau, % Change, 2004-2010
Decatur (76234) 16%
Texas 6%
DFW 5%
U.S. 0%
0% 2% 4% 6% 8% 10% 12% 14% 16% 18%
Note: Zip code used due to lack of reliable business and employment data for city limits.
February 19, 2013 | Decatur EDC Business Appreciation Dinner
12. Business Establishments
Source: U.S. Census Bureau, Annual % Change
12%
Decatur (76234)
10%
8%
6%
4%
Dallas-Fort Worth-Arlington
2%
0%
-2%
-4%
2004 2005 2006 2007 2008 2009 2010
February 19, 2013 | Decatur EDC Business Appreciation Dinner
13. Small Businesses
Source: U.S. Census Bureau, % Total Business Establishments by Employee Size Range, Decatur (76234), 2010
60%
53.2%
Small businesses with fewer than 100
50% employees created 80% of all net new
jobs at locally-owned businesses in
Wise County between 1995 and 2009.
40%
Decatur (76234) had seven businesses
with 100+ employees in 2010: retail
30% trade (3), energy (1), manufacturing
(1), transportation & warehousing
19.4% (1), and health care & social assistance
20%
(1).
12.6%
10.6%
10%
2.8%
0.9% 0.4% 0.2% 0.0%
0%
1-4 5-9 10-19 20-49 50-99 100-249 250-499 500-999 1000+
February 19, 2013 | Decatur EDC Business Appreciation Dinner
14. Total Employment
Source: U.S. Census Bureau, % Change, 2004-2010
Decatur (76234) 38%
Texas 8%
DFW 2%
U.S. -3%
-5% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
February 19, 2013 | Decatur EDC Business Appreciation Dinner
15. Total Employment
Source: U.S. Census Bureau, Annual % Change
25%
20%
15%
10%
Decatur (76234)
5%
0%
Dallas-Fort Worth-Arlington
-5%
-10%
2004 2005 2006 2007 2008 2009 2010
February 19, 2013 | Decatur EDC Business Appreciation Dinner
16. Diversifying Economy
Source: U.S. Census Bureau, % Total Business Establishments, Decatur (76234)
1998 2010
Retail trade 19% 13%
Health care and social assistance 10% 17%
Accommodation and food services 10% 10%
Construction 8% 10%
Finance and insurance 8% 6%
Professional, scientific, technical services 6% 7%
Transportation and warehousing 5% 3%
Manufacturing 4% 3%
February 19, 2013 | Decatur EDC Business Appreciation Dinner
17. Health Care Specialization
Source: U.S. Census Bureau, % Total Business Establishments, 2010
Decatur DFW
(76234) MSA
Health care and social assistance 17% 11%
Retail trade 13% 13%
Construction 10% 7%
Professional, scientific, tech services 7% 13%
Mining, quarrying, oil & gas extraction 4% 1%
Manufacturing 3% 4%
Transportation and warehousing 3% 3%
February 19, 2013 | Decatur EDC Business Appreciation Dinner
18. “Eds and Meds” Workforce
Source: U.S. Census Bureau, % Civilian Employed Population Age 16+ in Decatur, 2011
Decatur 34%
U.S. 23%
Texas 21%
DFW 18%
0% 5% 10% 15% 20% 25% 30% 35% 40%
February 19, 2013 | Decatur EDC Business Appreciation Dinner
19. Economic Development
• Increasingly about partnerships and regional
collaboration—”breaking down silos”
• Flexible and responsive delivery systems for
meeting workforce needs of employers are
highly competitive assets
• Successful regions have strong leaders that
balance short-term and long-term goals
February 19, 2013 | Decatur EDC Business Appreciation Dinner
20. economic development organization
intermediary/connector/coordinator
Northeast Ohio Speed‐To‐Market Accelerator will employ a step‐by‐step
process to help accelerate the commercialization of products, increase
the global competitiveness of cluster companies, attract additional
private capital to the region, and attract students, incumbent
workers, and the unemployed to educational and training programs.
entrepreneurship education/workforce industry
partner partner partner
http://www.nortech.org/news-room/press-releases/northeast-ohio-winner-of-white-house-jobs-and-innovation-accelerator-challenge
21. Postsecondary Education
Source: U.S. Census Bureau, % Population Age 25+ With Postsecondary Degree (Associate-Ph.D.), 2011
DFW 38%
U.S. 36%
Texas 32%
Decatur 28%
0% 5% 10% 15% 20% 25% 30% 35% 40%
February 19, 2013 | Decatur EDC Business Appreciation Dinner
22. “Whether from renewed optimism in the economy, or a realization that talent cannot be ignored
long-term, decision-makers have again elevated human capital above many cost factors.”
http://www.areadevelopment.com/AnnualReports/Winter2012/26th-Corporate-Consultants-RE-survey-results-287677888.shtml
February 19, 2013 | Decatur EDC Business Appreciation Dinner
23. Postsecondary Education
Source: U.S. Bureau of Labor Statistics
• 37% (7.5M) of all new jobs in U.S. expected by
2020 will require postsecondary degree
• 16 out of top 25 fastest growing occupations
in U.S. will require postsecondary degree
• 91 out of top 100 highest paying occupations
in U.S. require postsecondary degree
Note: Postsecondary here means everything from training certificate to Ph.D.
February 19, 2013 | Decatur EDC Business Appreciation Dinner
24. Postsecondary Education
Source: U.S. Bureau of Labor Statistics, Median Wage for U.S. Occupations by Education Required, 2010
Doctoral or professional degree $87,500
Bachelor's degree $63,430
Associate's degree $61,590
Master's degree $60,240
Postsecondary non-degree award $34,220
High school diploma or equivalent $34,180
Less than high school $20,070
$0 $20,000 $40,000 $60,000 $80,000 $100,000
February 19, 2013 | Decatur EDC Business Appreciation Dinner
31. Workforce Partnerships
Source: infoUSA, Fabricated Metal Product Manufacturing in Decatur
Typical Entry-Level Typical On-The-Job
Education Needed Training Needed
Machinists High School 12+ Months
Welders High School 1-12 Months
Structural Metal
Fabricators/Fitters High School 1-12 Months
Computer-
Controlled Machine
Tool Operators High School 1-12 Months
Cutting, Punching,
and Press Machine
Setters High School 1-12 Months
Lathe and Turning
Machine Tool
Setters High School 1-12 Months
February 19, 2013 | Decatur EDC Business Appreciation Dinner
32. Summary
• Third-party analysis of readily available data
shows Decatur economy on solid footing
• Invest in education/workforce partnerships
with prospects and existing businesses
• Communicate realities of labor market to
students—and invite them to participate
February 19, 2013 | Decatur EDC Business Appreciation Dinner
33. Texas: Staring Down the Skills Gap
Source: EMSI, Estimated % Workforce in Texas by Age Group, 2012
February 19, 2013 | Decatur EDC Business Appreciation Dinner
34. Brian Kelsey
Civic Analytics LLC
brian@civicanalytics.com
512-731-7851
http://civicanalytics.com
@brianjkelsey
linkedin.com/in/brianjkelsey
February 19, 2013 | Decatur EDC Business Appreciation Dinner