Madison County Business League and Madison County Economic Development Authority Economic Symposium May 10, 2012

Population Change by Decade, Indexed to 1900 Source: US Census ; Nation and State projections ; REMI for Madison County University Research Center2

Mississippi Population by Census Year Source: Bureau of the Census 3University Research Center

Population Growth By County Loss Gain United States 9.7% Mississippi 4.3% Madison County 27.5% Source: Bureau of the Census 4University Research Center

Madison County Population by Census Year Source: Bureau of the Census 5University Research Center

Population Growth By Decade University Research Center6

Population Distribution By Age, 2010 Source: Bureau of the Census 7University Research Center

Dependent Population 2008 (Population under 18 and over 65) Less that 39% Between 39.0% and 41.0% Over 41% United States 37.1% Mississippi 38.7% Madison County 38.5% Source: Bureau of the Census 8University Research Center

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Employment Index Employment Level Indexed to 2000 Source: URC calculation using Bureau of Economic Analysis data 26University Research Center

Total Employment, Madison County Source: Bureau of Economic Analysis 27University Research Center

46.6% Greene 48.1% Sunflower 51.0% Jefferson 51.5% Wilkinson 53.9% Issaquena 55.2% Claiborne 58.3% Carroll 58.7% Amite 60.0% Holmes 60.4% Stone 60.4% Yazoo 60.6% Leflore 61.3% Lafayette 61.3% Marion 61.8% Quitman 62.5% Marshall 62.6% Leake 62.7% Walthall 62.8% Humphreys 62.8% Tallahatchie 63.1% Copiah 63.4% Franklin 63.8% Jefferson Davis 63.8% Lawrence 64.2% Tishomingo 64.2% Wayne 64.2% Webster 64.8% George 64.9% Kemper 64.9% Montgomery 65.2% Alcorn 65.3% Coahoma 65.3% Yalobusha 65.4% Adams 65.6% Pearl River 65.7% Oktibbeha 65.8% Lincoln 66.0% Bolivar 66.0% Prentiss 66.2% Noxubee 66.3% Pike 66.4% Jasper 66.6% Jones 66.6% Newton 66.6% Perry 66.8% Hancock 66.9% Neshoba 67.1% Sharkey 67.2% Simpson 67.4% Covington 67.5% Washington 67.7% Panola 68.4% Clarke 68.5% Winston 68.9% Benton 68.9% Smith 69.0% Scott 69.2% Choctaw 69.7% Tippah 70.1% Monroe 70.6% Calhoun 70.8% Union 70.9% Clay 71.4% Grenada 71.4% Jackson 71.8% Forrest 71.8% Pontotoc 72.1% Hinds 72.1% Lamar 72.1% Lee 72.3% Tate 72.4% Lowndes 72.4% Tunica 72.7% Lauderdale 72.9% Itawamba 72.9% Warren 73.1% Attala 73.2% Harrison 74.4% Chickasaw 74.4% Rankin 75.5% Madison 79.8% De Soto Less than 64.0% Between 64.0% and 69.0% Over 69% Workforce Participation Rate Average Population years of age either working or seeking a job United States 74.7% Mississippi 69.1% Madison County 75.5% Source: Bureau of the Census 28University Research Center

Manufacturing Employment as a Percentage of Total Employment, 2009 Less than 6.0% Between 6.0% and 13.0% More than 13.0% United States 7.1% Mississippi 9.2% Madison County 10.8% Source: Bureau of Economic Analysis and REMI, Inc, 29University Research Center

Madison County, Earnings per worker by major industry sector, 2011 Source: Econometric Modeling Specialist, Inc. 2011:4qtr University Research Center30

Percentage of Jobs by Major Industry Sector, 2011 Source: Econometric Modeling Specialists, Inc. 2011:4 qtr. University Research Center31

Madison County, Hourly Earnings per worker by major occupational sector, 2011 Source: Econometric Modeling Specialist, Inc. 2011:4qtr University Research Center32

Percentage of Jobs by Major Occupational Sector, 2011 Source: Econometric Modeling Specialists, Inc. 2011:4 qtr. University Research Center33

Per Capita Income Source: Bureau of Economic Analysis 34University Research Center

Per Capita Income as a Percentage of U.S. Per Capita Income Source: URC calculations using Bureau of Economic Analysis data 35University Research Center

Annual Growth in Per Capita Income Source: URC using Bureau of Economic Analysis data 36University Research Center

20,316 Jefferson 20,722 Greene 21,949 Benton 22,506 Wilkinson 22,865 Perry 22,931 Choctaw 23,376 Noxubee 23,393 Franklin 23,556 Holmes 23,655 Prentiss 23,781 Claiborne 23,954 Webster 24,028 Sharkey 24,129 Walthall 24,222 Tishomingo 24,279 Kemper 24,321 Humphreys 24,508 Winston 24,538 Copiah 24,594 Tippah 24,644 Yazoo 24,686 Scott 24,905 Calhoun 24,916 Clarke 25,024 Leake 25,084 Chickasaw 25,163 Attala 25,290 Yalobusha 25,423 Marshall 25,545 Pearl River 25,560 Covington 25,611 Sunflower 25,666 Pontotoc 25,681 George 25,755 Panola 25,930 Jefferson Davis 26,162 Union 26,181 Wayne 26,197 Quitman 26,443 Smith 26,456 Newton 26,458 Amite 26,559 Grenada 26,722 Pike 26,823 Lincoln 26,992 Jasper 27,013 Forrest 27,068 Monroe 27,162 Leflore 27,253 Montgomery 27,282 Alcorn 27,359 Bolivar 27,405 Itawamba 27,622 Marion 27,664 Washington 27,862 Tunica 27,897 Clay 27,995 Tallahatchie 28,301 Tate 28,503 Oktibbeha 28,543 Issaquena 28,698 Stone 28,972 Coahoma 29,415 Lawrence 30,133 Neshoba 30,426 Simpson 30,699 Carroll 31,113 De Soto 31,135 Lowndes 31,192 Adams 31,358 Jones 31,569 Lauderdale 31,730 Lafayette 32,932 Lee 34,129 Rankin 34,487 Lamar 35,288 Warren 35,321 Jackson 35,865 Hinds 36,225 Harrison 37,259 Hancock 44,454 Madison Per Capita Income 2009 Less than $25,250 Between $25,250 and $27,750 More than $27,750 United States $39,635 Mississippi $30,401 Madison County $44,454 Source: Bureau of Economic Analysis 37University Research Center

Income By Source, 2010 University Research Center38 Source: Bureau of Economic Analysis

University Research Center39 Median Family Income for the Past 12 Months, In 2009 Inflation-Adjusted Dollars United States $62,363 Mississippi $45,700 Madison County $71,123 More than $42,744 Between $37,461 and $42,744 Less than $37,461 Source: Bureau of the Census

Retail Sales Pull Factor 2009 Source: URC using data from Bureau of Economic Analysis and Mississippi Department of Revenue * Retail sales pull factor is the ratio of retail sales to total personal income in the county relative to the State. A pull factor of 1 implies the county is capturing all retail sales dollars. A pull factor below 1 implies the county is losing retail sales dollars to other areas. A pull factor greater than 1 implies the county is pulling retail sales in from other areas. 40University Research Center Between 0.50 and 0.70 Between 0.70 and 1.00 More than 1.00 Less than 0.50 Madison County 0.86

Retail Sales Pull Factor, Madison County 41University Research Center Source: URC calculations using data from Bureau of Economic Analysis and Mississippi Department of Revenue

University Research Center42 Percentage of Workers* with Commute Time of One or more Hours to Work, United States 8.0% Mississippi 6.5% Madison County 4.1% Less than 5.3% Between 5.3% and 10.6% More than 10.6% Source: Bureau of the Census * Includes workers 16 years old and older that do not work from home.

Additional drivers of Madison County’s Economy

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University Research Center47 Percentage of births to unmarried mothers, 2010 Madison County 42% Mississippi 54.7% U.S. 41.0% (2009) 29.3% Tishomingo 33.6% Lafayette 34.7% Lamar 34.9% Rankin 36.4% Itawamba 36.5% De Soto 39.3% Greene 40.4% George 42.0% Madison 42.4% Alcorn 43.1% Union 43.8% Stone 44.3% Oktibbeha 44.7% Pontotoc 44.8% Webster 45.0% Tippah 45.3% Smith 45.7% Lawrence 46.1% Prentiss 46.4% Pearl River 46.5% Lee 46.5% Walthall 47.3% Hancock 47.7% Franklin 47.8% Lincoln 48.7% Lowndes 49.0% Clarke 49.6% Monroe 50.0% Harrison 50.6% Jackson 50.7% Simpson 51.1% Perry 52.8% Amite 53.2% Marion 53.4% Tate 54.5% Choctaw 55.6% Forrest 55.6% Newton 56.1% Carroll 56.2% Jones 56.2% Covington 56.6% Yalobusha 56.8% Wayne 57.0% Calhoun 58.6% Lauderdale 59.2% Attala 60.1% Leake 60.9% Pike 61.1% Marshall 62.0% Panola 62.1% Chickasaw 62.4% Copiah 62.5% Montgomery 62.8% Benton 63.2% Grenada 63.4% Neshoba 63.6% Warren 64.1% Kemper 65.8% Scott 65.9% Jasper 66.7% Clay 67.7% Hinds 69.2% Bolivar 69.4% Wilkinson 69.4% Noxubee 70.7% Jefferson Davis 70.7% Adams 70.8% Issaquena 71.4% Winston 74.5% Yazoo 75.2% Leflore 76.0% Sharkey 78.0% Sunflower 78.8% Coahoma 80.5% Washington 80.7% Tunica 82.4% Holmes 83.8% Jefferson 84.6% Tallahatchie 84.9% Quitman 87.6% Humphreys 87.7% Claiborne % of Births 0.0% to 33.0% 33.0% to 50.0% 50.0% to 90.0%

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Madison County Enrollment by Grade, School Year Source: US National Center for Education Statistics University Research Center51

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University Research Center55 Percentage of Population 25 Years and Over Who Have at least a High School Diploma or GED United States 84.6% Mississippi 78.9% Madison County 86.8% More than 77.6% Between 72.7% and 77.6% Less than 72.7% Source: Bureau of the Census

University Research Center56 Percentage of Population 25 Years and Over Who Have at least a Bachelor’s Degree United States 27.5% Mississippi 19.1% Madison County 41.1% More than 15.7% Between 12.0% and 15.7% Less than 12.0% Source: Bureau of the Census

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Percentage of Population* in Poverty over the Last 12 Months, United States 13.5% Mississippi 21.4% Madison County 14.0% Source: Bureau of the Census * Population refers to all individuals for whom poverty status is determined. Excludes unrelated individuals under 15 years of age, people in institutional group quarters, (such as prisons and nursing homes), military barracks, college dormitories and living situations without conventional housing (and who are not in shelters). 59University Research Center Less than 21.7% Between 21.7% and 25.9% More than 25.9%

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University Research Center61 Percentage of Families with Own Children Under 18 with Female Householder and No Husband Present, United States 23.7% Mississippi 33.2% Madison County 24.9% Less than 27.4% Between 27.4% and 38.3% More than 38.3% Source: Bureau of the Census

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Suggested actions: Short-term: Continue traditional economic development efforts – recruitment, tax incentives, bond issues, etc.; be more strategic. Long-term: Focus on quality-of-life issues: great schools, everyone graduates on-time, reduce single mother births, promote strong families, improve communities’ cohesion and aesthetics, enact good zoning rules, etc. Agree to goals and report results on a regular basis.

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