1. The Economic Impact of the May 3, 1999 Tornado on the
Economy of Stroud and Lincoln County, Oklahoma
Fred Eilrich, Extension Associate
Chuck Willoughby, Business Planning & Marketing Associate
Jack Frye, Area Rural Development Specialist
Mindy Moore, Student Assistant
Gerald A. Doeksen, Regents Professor & Extension Economist
Mike D. Woods, Professor & Extension Economist
Mick R. Jones, Lincoln County Extension Director

2. The Economic Impact of the May 3, 1999 Tornado on the
Economy of Stroud and Lincoln County, Oklahoma
Basic Economic Data
Tornado Damage Assessment
Impacts on Jobs, Income, and Retail Sales
Recommendations

3. Basic Economic Data
Employment Data

4. Basic Economic Data
Employment Data

5. Basic Economic Data
Retail Sales Data

6. Tornado Damage Assessment

7. Tornado Damage Assessment

8. Tornado Damage Assessment

9. Tornado Damage Assessment

10. Tornado Damage Assessment
Estimated Sales Tax Loss by Category to Stroud
Category
Communications
Electric, Gas, & Sanitation
General Merchandise
Food Stores
Apparel & Accessories
Furniture & Home Furnishings
Eating & Drinking
Miscellaneous Retail
Hotel & Motel
Unclassified
TOTAL
Sales Loss
$3,176
$27,819
$143,426
$24,573
$626,494
$33,356
$45,500
$96,610
$9,729
$28,445
$1,039,128

11. Tornado Damage Assessment Estimated Revenue Loss by Source to Stroud
Category
Electric
Water
Sewer
Sanitation
Other Fees
TOTAL
Revenue Loss
$500,327
$2,332
$1,190
$95,417
$7,663
$606,929

12. Tornado Damage Assessment
Estimated Structural, Nonstructural, Contents, Sales, and Inventory Loss to Industries in Stroud
Industry
Manufacturing
Services
Trade
Utilities
TOTAL
Structural
$75,000
$5,095,000
$15,139,000
$70,400
$20,309,000
Nonstructural
$2,500
$530,000
$18,000
$550,500
Contents
$5,000
$179,000
$1,683,100
$1,867,100
Sales
$25,000
$4,789,000
$26,800,000
$31,614,000
Inventory
$87,000
$9,099,389
$9,186,389

13. Impacts on Jobs, Income, and Retail Sales
Assuming Permanent Loss of Tanger Outlet Mall
Area of Loss
Employment
Income
Retail Sales (Employees)
Retail Sales (Mall Visitors)
Total Retail Sales
Sales Tax Collections (Employees)
Sales Tax Collections (Mall Visitors)
Total Sales Tax Collections
Direct
325
$4,875,000
$1,338,188
$25,274,313
$26,612,500
$53,528
$1,010,973
$1,064,500
Total
650
$10,676,250
$2,930,631
$25,274,313
$28,204,943
$117,225
$1,010,973
$1,128,198
Indirect
& Induced
325
$5,801,250
$1,592,443
$63,698

14. Impacts on Jobs, Income, and Retail Sales
Accounting for All Temporary and Permanent Jobs Lost
Area of Loss
Employment
Income
Retail Sales (Employees)
Retail Sales (Mall Visitors)
Total Retail Sales
Sales Tax Collections (Employees)
Sales Tax Collections (Mall Visitors)
Total Sales Tax Collections
Direct
587
$10,856,317
$2,980,059
$25,274,313
$28,254,372
$119,202
$1,010,973
$1,130,175
Total
1,176
$23,611,677
$6,481,405
$25,274,313
$31,755,718
$259,256
$1,010,973
$1,270,229
Indirect
& Induced
589
$12,755,360
$3,501,346
$140,054

15. Impacts on Jobs, Income, and Retail Sales
Assuming Permanent Loss of Integris Hospital
Area of Loss
Employment
Income
Retail Sales
Sales Tax Collections
Direct 56
$1,310,400
$359,705
$14,388
Total
113
$2,738,736
$751,783
$30,071
Indirect
& Induced 57
$1,428,336
$392,078
$15,683