Leadership Wichita 2011 Jeremy Hill, Director Leadership Wichita 2011 What is going on within Wichita? The things that you know, but could not prove. What do we do, and what makes us special? Is it really all about general aviation? What path are we on? Is this good, bad, or ugly? What do we do now? “How do we get out of this pickle?” What do we do, and what makes us special? Is it really all about general aviation? 2010 Location Quotients Chicago Natural Resources and Mining Construction Manufacturing Trade Transportation, and Utilities Information Financial Activities Professional and Business Services Education and Health Services Leisure and Hospitality Other Services Dallas Denver Kansas City Oklahoma City Omaha Tulsa 3.41 1.44 1.95 0.61 ND ND 0.58 0.94 3.62 2.38 1.19 2.37 0.17 0.96 3.06 1.68 1.03 2.66 0.28 0.98 1.75 0.89 ND 0.59 0.85 ND 0.49 0.91 0.45 0.53 0.85 0.52 0.52 0.91 0.81 0.62 0.86 ND 0.47 0.87 0.82 0.71 0.67 0.70 0.60 0.69 0.74 0.72 0.75 1.00 1.30 1.25 1.13 1.02 1.04 1.05 1.04 ND 0.99 ND 0.90 0.78 0.97 0.81 0.85 0.89 0.98 ND 1.08 0.93 Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2010 Annual Average United States Average 25.2 Minutes Sedgwick County Average 17.9 Minutes Source: U.S. Census Bureau, 2005-2009 American Community Survey 2008 United States Average Electric Cost 9.74 2008 Kansas Average Electric Cost 7.45 Source: U.S. Census Bureau, 2011 Statistical Abstract 2008 United States Average Gas Cost 11.94 United States 2008 Average Kansas Average 9.74 Gas Cost 12.12 Source: U.S. Census Bureau, 2011 Statistical Abstract Per Capita Personal Income Wichita, KS MSA as a Percentage of U.S. Metropolitan Portion 110% 105% 100% 95% 90% 85% 80% Source: Bureau of Economic Analysis Cost of Living 1Q 11 Kansas Salina, KS Garden City, KS Topeka, KS Dodge City, KS Wichita, KS Lawrence, KS Hutchinson, KS Manhattan, KS 88.8 93.2 94.0 90.9 92.5 95.6 96.2 94.1 Source: ACCRA Cost of Living Index, May 2011 Other MSA’s Tulsa, OK Wichita, KS Dallas, TX Kansas City, MO Denver, CO Chicago, IL U.S. 89.9 92.5 95.8 98.8 106.4 115.3 100 Moderate Housing Costs Wichita’s moderate cost of living reflected in 2nd Qtr 2011 housing prices: Wichita median sales price: $118,700 (-3.1%) U.S. median sales price: $171,900 (-2.8%) National Association of Realtors, Median Sales Price of Existing Single-Family Homes for Metropolitan Areas Labor Costs – May 2010 Median Hourly Earnings (all occupations) Wichita: $15.18 U.S: $16.27 Mean Hourly Earnings (all occupations) Wichita: $19.02 U.S: $21.35 Source: BLS – Occupational Employment Statistics Schools Index: GreatSchools.net Oatville Elementary School Bostic Traditional Magnet Northeast Magnet High Ruth Clark Elementary K-5 Allison Traditional Magnet 10 8 7 7 6 ACT 2010 - Average Composite Score Nation 21.0 Kansas 22.0 Mississippi 18.8 What path are we on? Is this good, bad, or ugly? 2010 Location Quotients Chicago Natural Resources and Mining Construction Manufacturing Trade Transportation, and Utilities Information Financial Activities Professional and Business Services Education and Health Services Leisure and Hospitality Other Services Dallas Denver Kansas City Oklahoma City Omaha Tulsa 3.41 1.44 1.95 0.61 ND ND 0.58 0.94 3.62 2.38 1.19 2.37 0.17 0.96 3.06 1.68 1.03 2.66 0.28 0.98 1.75 0.89 ND 0.59 0.85 ND 0.49 0.91 0.45 0.53 0.85 0.52 0.52 0.91 0.81 0.62 0.86 ND 0.47 0.87 0.82 0.71 0.67 0.70 0.60 0.69 0.74 0.72 0.75 1.00 1.30 1.25 1.13 1.02 1.04 1.05 1.04 ND 0.99 ND 0.90 0.78 0.97 0.81 0.85 0.89 0.98 ND 1.08 0.93 Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2010 Annual Average Goods-Producing Employment 100,000 90,000 Shift Share Analysis 2001-2010 National Share 80,000 -2.84% 70,000 60,000 Industry Mix 50,000 40,000 Regional Share 30,000 -21.65% 0.58% 20,000 10,000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 0 Source: Bureau of Labor Statistics Change in Wichita Employment -23.91% Service-Providing Employment 180,000 Shift Share Analysis 2001-2010 175,000 National Share 170,000 Industry Mix 6.4% Regional Share 0.2% Change in Wichita Employment 3.8% 165,000 -2.8% 160,000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 155,000 Source: Bureau of Labor Statistics What do we do now? “How do we get out of this pickle?” “How do we get out of this pickle?” Challenges and opportunities What do you want out of Wichita? What do you want Wichita to be?