Community Impact Analysis Manufacturing Golf Courses Fairgrounds Natural Disaster I. Manufacturing Impact The Economic Impact of Major Manufacturing and High Technology Firms on the Economy of Stillwater and Payne County, Oklahoma • Mike Woods - Extension Economist, OSU, Stillwater • Suzette Barta - Extension Associate, OSU, Stillwater • Susan Trzebiatowski - Student Assistant, OSU, Stillwater • Amanda Hill - Student Assistant, OSU, Stillwater • Kent Metcalf - Director of Economic Development, Stillwater Chamber of Commerce • Nathan Anderson - County Extension Director, OSU, Stillwater • Jack Frye - Area Community Development Specialist, OSU, Ada Manufacturing Firms • • • • • • • • • • • • • Armstrong World Industries, Inc. Audio Innovation, Inc. Dearinger Printing and Trophy, Inc. Frontier Printers, Inc. Irwin Custom Sign Company, LLC MerCruiser National Standard Olinghouse Steel Supply & Fab., Inc. Quebecor World R. K. Machine, Inc. Stillwater Milling Company The Brinkmann Corporation The Shutter Mill, Inc. High Technology Firms • • • • • • • • • • • • • • • • • Accurate Labs and Training Center CMS Technetronics, Inc. Creative Labs, Inc. Esker ForHealth Technologies Frontier Electronics Systems Corporation Frontier Engineering, Inc. iTradeFair.com, Inc. Landauer, Inc./Crystal Growth Division Learnsat.Com, Inc. and Digital Cowboy.Com, Inc. Nomadics, Inc. REN Corporation SST Development Group, Inc. Stillwater Designs Tech, Inc. Teletraining Systems TMS, Inc. Table 1 Information Used to Conduct the Impact Analysis Manufacturing Employment Total Compensation Locally Purchased Inputs State Wide Purchased Inputs Property Taxes Paid Total Utility Expenditures Charitable and Other Contributions High Technology Total 2,525 961 3,486 $83,822,484 $33,203,441 $117,025,925 $9,079,396 $2,337,928 $11,417,324 $31,770,711 $12,424,969 $44,195,680 $967,076 $98,090 $1,065,166 $5,496,072 $388,507 $5,884,579 $146,056 $495,822 $641,878 Table 2 Residence of Employees for Stillwater Manufacturing and High Technology Firms Manufacturing High Technology In Stillwater Total 1,414 (56%) 711 (74%) 2,125 (61%) In Payne County but Not Stillwater 732 (29%) 125 (13%) 857 (25%) Outside Payne County 379 (15%) 125 (13%) 504 (14%) 2,525 961 3,486 Total Jobs Table 3 Visitors to Stillwater Manufacturing and High Technology Firms Manufacturing High Technology Total Annual Number of Visitors 4,470 2,698 7,168 Percent Who Stay Overnight 35% 62% 51% Number of Overnight Stays 2,586 2,287 4,873 Table 4 Volunteer Hours Reported by Manufacturing and High Technology Employees and Estimated Total Volunteer Hours Manufacturing High Technology Total Number of Employees Responding 1,017 41 1,058 Reported Number of Hours Employees Volunteer Per Month 1,492 639 2,131 Estimated Total Number of Hours Employees Volunteer Per Month 3,704 14,978 18,682 Economic Impact Analysis Results Table 5 Estimated Impacts on the Local Area from Stillwater Manufacturing and High Technology Firms Direct Impacts Jobs Manufacturing Income to Individuals Sales Taxes from Individuals Indirect Impacts Jobs Income to Individuals Sales Taxes from Individuals High Technology Total 2,787 1,550 4,337 $70,884,408 $668,607 $40,405,809 $381,122 $111,290,217 $1,049,729 2,648 1,209 3,857 $49,619,086 $20,606,963 $70,226,049 $468,025 $194,372 $662,397 2,759 8,194 $61,012,772 $575,494 $181,516,266 $1,712,126 Total Impacts 5,435 Jobs Income to Individuals $120,503,494 Sales Taxes from Individuals $1,136,632 Table 6 Estimated Relative Impacts of Stillwater Manufacturing and High Technology Firms on the Local Economy Employment Total County Employment a Direct Estimate Direct Impact Percentage Total Estimate Total Percentage a 1999 Manufacturing High Technology Total 45,670 45,670 45,670 2,787 1,550 4,337 6% 3% 9% 5,435 2,759 8,194 12% 6% 18% Regional Economic Information System, Bureau of Economic Analysis Table 6 (continued) Estimated Relative Impacts of Stillwater Manufacturing and High Technology Firms on the Local Economy Wages and Salaries Total County Wages & Salaries a Direct Estimate Direct Impact Percentage Total Estimate Total Percentage a 1999 Manufacturing High Technology Total $727,827,000 $727,827,000 $727,827,000 $70,884,408 $40,405,809 $111,290,217 10% 5% 15% $120,503,494 $61,012,772 $181,516,266 17% 8% 25% Regional Economic Information System, Bureau of Economic Analysis Table 6 (continued) Estimated Relative Impacts of Stillwater Manufacturing and High Technology Firms on the Local Economy Retail Sales Taxes from Individuals Manufacturing High Technology Total Total County Sales Tax Reported $12,703,126 $12,703,126 $12,703,126 $668,607 $381,122 $1,049,729 5% 3% 8% $1,136,632 $575,494 $1,712,126 9% 5% 14% Direct Estimate Direct Impact Percentage Total Estimate Total Percentage b FY 1999 as reported by the Oklahoma Tax Commission for Stillwater II. Golf Course Impact The Economic Impact of a Proposed Golf Course on the Economy of Perkins, OK By: Mike D. Woods, Claude Allen, and Duane McVey Direct Activity of Proposed Golf Course Capital Investment $450,000 Annual Operating Expense $125,000 Full Time Employment 2 Part Time Employment 5 Annual Payroll $60,000 Rounds of Golf per Year 16,000 Indirect and Total Impacts Employment Income Direct 4 $60,000 Indirect 1 $26,400 Total 5 $86,400 Retail Sales $48,085 Visitor Impact If average visitor spends… * Direct $10 $20 $30 $214,000 $310,000 $406,000 Indirect $104,860 $151,900 $198,940 Total $318,860 $461,900 $604,940 * This assumes that 16,000 annual rounds of golf will be played and that 60% of these visitors represent outof-town guests. Multiplier = 1.49 •18 Hole, Par 72 Course •Bentgrass Greens and manicured Bermuda Fairways •300 yard practice driving range and 9 hole putting green •Clubhouse with lunch bar, pro shop and banquet facilities. •Residential lots are available According to Golf Digest, Payne County, Oklahoma is rated as one of the finest golf retirement communities in the nation, with The Golf Club at Cimarron Trails reported as a new and rising star. Analyze Impacts of an Entire Sector or Industry • Agriculture – Poultry Industry – Swine Industry • • • • • • • • Health Care Sector Oil and Gas Industry Horse Industry Horseracing Industry Higher Education Manufacturing Tourism Downtown/Retail Trade Analyze Impact of a New Business to the Community Health Care: • Hospital • Residential Care Facility • Drug Treatment/Rehab Center Agriculture: • Livestock Facility • Fairgrounds/Expo Center • Farmer Owned Cooperative Entertainment: • Golf Course • Amusement Park • Sports Complex Other/Misc: • Motel • Work Release Center • Manufacturing Plant Analyze Impact of Existing Activity Analyze Impact of Lost Activity • National Recreation Area • State Park • University • Manufacturing Plant • County Administrative Offices • Loss due to natural disaster – Tornado • Business, such as manufacturing plant, leaves town or closes down. Impacts of a Particular Event • Conference • Tourist Event – Special Olympics Oklahoma • National Finals Rodeo • Downtown Festival