2017 Economic Report. 51 South Main Street Janesville, WI P RockCountyAlliance.com

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1 2017 Economic Report 51 South Main Street Janesville, WI P RockCountyAlliance.com This information was collected from primary and secondary data sources deemed reliable. Please note this information is subject to change without notice.

2 2017 Economic Dashboard Report Agency Overview Trends & Observations Q&A This information was collected from primary and secondary data sources deemed reliable. Please note this information is subject to change without notice.

3 Agency Overview Provides consultative economic development services, which promote, position and prepare Rock County for opportunities that augment and enhance its assets. Represent and/or Bridge Public & Private Sector Interests Service Portfolio Business, Community & Workforce Development Communications & Marketing Data Clearinghouse Government Affairs Incentive & Infrastructure Planning & Project Management

4 Rock County s ED Plan Interrelated Local & Countywide Plans Implemented by Strategic Focus Areas Goals - Business Retention & Expansion - Business & Investment Attraction - Small Business & Entrepreneurship - Real Estate Positioning - Workforce Profiling - One Voice, One Vision - Build the Brand, Boost the Image & Celebrate Wins - Improve Existing Business & Workforce Relationships - Establish New Relationships & Reach Decision Makers - Create Value-Added Data & Tools Collaborate Communicate Connect

5 General Overview: Status Assessment Then Fractured (local) Politics & Leadership Questionable Confidence Now Alignment, Vision & Collaboration Optimism Plummeting Economic Indicators Negative Business Climate & Market Perceptions Lean / Limited ED Investments Non-Existence, Limited or Ineffective Tools Ambitious Ideas, Uncharted Waters Consistent Momentum, Stability Improving Brand Equity Improving Project Flow, Diversity & Outcomes Creative, Value-Added Resources Right-Sized, Realistic Expectations

6 Trends & Observations Employment & Industry Sectors Gross Domestic Product Income & Wages Sales & Use Tax Collections Tourism Expenditures Property Values & Segment Highlights Economic Development Pipeline Dashboard Summary This information was collected from primary and secondary data sources deemed reliable. Please note this information is subject to change without notice.

7 Unemployment 12.5% 3.7% Source: WI Department of Workforce Development

8 Employment by Industry Industry U.S. WI RC U.S. WI RC U.S. WI RC U.S. WI RC U.S. WI RC Percent of Employment Natural Resources & Mining Construction Manufacturing Trade, Transportation & Utilities Information Financial Activities Professional & Business Services Education & Health Services Leisure & Hospitality Other Services Public Administration Unclassified Source: Bureau of Labor Statistics, Quarterly Census of Employment & Wages

9 Job Postings Approx. 60% of Openings are from Rock County Transportation & Material Moving HC Practitioners & Techs Sales & Related / Office & Admin Management Food Prep. Etc. Production Source: SW Workforce Development Board, WANTED Analytics & EMSI

10 Gross Domestic Product Top 25 MSA in U.S. GDP ( ) Source: Bureau of Economic Analysis, U.S. Department of Commerce

11 Wages $900 $800 Rock County Average Weekly Wage: All Industries & Sizes Recognized by Milken Institute as a Top Performing City for Job & Wage Growth $700 $600 $500 $400 $300 $200 $100 $ Source: Bureau of Labor Statistics, Quarterly Census of Employment & Wages

12 Sales & Use Tax Collections $13.7 MM $10.3 MM April -Dec. Source: WI Department of Revenue

13 Millions of Dollars Tourism Expenditures $250.0 Rock County Annual Tourism Expenditures $244.7 $200.0 $150.0 $159.4 $100.0 $50.0 $ Source: WI Department of Tourism

14 Property Values $10.7 Billion $10.9 Billion Source: WI Department of Revenue

15 Number of Permits Residential Permits 250 Rock County Single-Family Permits Source: McGraw Hill Construction Report

16 Residential Price Points ASP $138,112 MSP $129,000 ASP $157,168 MSP $140,000 Source: South Central WI MLS Corporation

17 Foreclosures & Bankruptcies Source: Rock County Clerk of Courts; U.S. District Court, WI, Western Division

18 Development Pipeline AVG Project Size 126,473 SF 107 Jobs $20.3 MM CapEx This information was collected from primary and secondary data sources deemed reliable. Please note this information is subject to change without notice. The time period represented by these figures is YR 2010 through YR 2017

19 Development Pipeline This information was collected from primary and secondary data sources deemed reliable. Please note this information is subject to change without notice. The time period represented by these figures is YR 2010 through YR 2017

20 Just the Numbers ( ) 130+ Private Sector Development Projects $2+ Billion in new Capital Investment 4,900+ new Jobs Created 5+ Million SF Constructed Million SF Leased or Sold This information was collected from primary and secondary data sources deemed reliable. Please note this information is subject to change without notice. The time period represented by these figures is YR 2010 through YR 2017

21 A Sampling of Project Announcements This information was collected from primary and secondary data sources deemed reliable. Several companies were responsible for multiple projects; therefore, their logos are only displayed once.

22 Building & Keeping Momentum Goal Application / Translation One Vision, One Voice Build the Brand, Boost the Image & Celebrate the Wins Improve Business & Workforce Relationships Establish New Relationships & Reach Decision Makers Create Value-Added Data & Tools Cooperate & Collaborate Redefine & Shift the Message Connect & Communicate Contact & Project Diversity Enhance ED Program & Service Portfolio Assessment Status 4

23 Questions / Comments Additional Information - ED Plan/Updates - Data - Relocation - Tourism - Workforce South Main Street Janesville, WI P RockCountyAlliance.com This information was collected from primary and secondary data sources deemed reliable. Please note this information is subject to change without notice.