1. Information provided by Jacksonville State University Center for Economic Development and College of Commerce and Business Administration 2008 Economic Update

2. 1 Opening the Door to the Future Calhoun County Update State of Alabama Update Overview

3. Calhoun County 2007 Update 2 Member Survey Employment Unemployment County Gross Domestic Product Housing

4. 3 Q#1: Your Comparison of this Year to Last Year 2008

5. 4 Q#1: Your Comparison of this Year to Last 2003-2008

6. 5 Q#2: Your Employment Outlook for Coming Year Year 2008

7. 6 Q#2: Your Employment Outlook for Coming Year 2003-2008

8. 7 Q#3: How Likely to Increase Employee Compensation in Coming Year Year 2008

9. 8 Q#3: How Likely to Increase Emp Compensation in Coming Year 2003-2008

10. 9 Population Trends Calhoun County 1999-2006 Source: U.S. Census Bureau

11. 10 Labor Force Calhoun County 1999-2007 Source: U.S. Bureau of Labor Statistics *Jan-Nov 2007

12. 11 Employment for Calhoun County 1999-2007 Source: U.S. Bureau of Labor Statistics *Jan-Nov 2007

13. 12 Unemployment Rate for Calhoun County 1999-2007 Source: U.S. Bureau of Labor Statistics *Jan-Nov 2007

14. 13 Unemployment for Calhoun County vs Alabama 2007 Source: U.S. Bureau of Labor Statistics

15. 14 Alabama Unemployment Rates November 2006 State Ave – 3.6% Unemployment Rate 3.1% and Below 3.2% - 3.8% 3.9% and Above Source: AL Dept of Industrial Relations 3.4%

16. 15 Unemployment Rate 3.3% and Below 3.4% - 4.4% 4.5% and Above Source: AL Dept of Industrial Relations 3.7% Alabama Unemployment Rates November 2007 State Ave – 3.5%

17. 16 Calhoun County Gross Domestic Product 2001-2005 in $ Billions Source: U. S. Bureau of Economic Analysis

18. 17 Calhoun County Gross Domestic Product % Change 2002-2005 Source: U. S. Bureau of Economic Analysis

19. 18 Calhoun Housing Statistics Nov 2006 – Nov 2007 YTD Nov 2006YTD Nov 2007 % Change Total Homes Sold 1,2741,194 -6.3% Total Homes Listed 9,54911,570 +21.1% Avg Selling Price $132,592$135,598 +2.2% Avg Days on Market 133147 +10% Source: Alabama Real Estate Research & Education Center

20. 19 Number of Home Sales Per Month Calhoun County 1998-2007 Source: Alabama Center for Real Estate *Jan-Nov 2007 92.5 Avg - - -

21. 20 Ave # of Days Homes on Market Calhoun County 1998-2007 Source: Alabama Center for Real Estate *Jan-Nov 2007 146 Avg - - -

22. 21 Anniston Chemical Agent Disposal Facility Since 1st burn on August 9, 2003, have destroyed 42,738 GB-filled rockets/warheads (0 remain) 16,026 GB-filled 8-inch Projectiles (0 remain) 9,060 GB-filled 155 Projectiles (0 remain) 98% storage risk eliminated (M55 Rockets) 38% stockpile destroyed Source: Anniston Chemical Agent Disposal Facility

23. 22 Calhoun County: Summing it Up Membership Survey-Guarded Population- Up Employment- Up Unemployment- Down YTD Nov 07 –Nov 06 vs Nov 07 up slightly –New record low in April 2007 (2.8%) Housing Market- Down –Down from record highs

24. 23 State of Alabama Update BLCI Survey Demographics Economic Indicators Education Achievemens 2003 Other Issues 23

25. 24 Alabama Business Leaders Confidence Index State Survey – 4 th Quarter 2007 Approximately 350 respondents www.blcindex.com

26. 25 Alabama Economic Outlook Q4 2006 compared to Q3 2006 Source: Alabama Business Leaders Confidence Index Last Year

27. 26 Alabama Economic Outlook Q4 2007 compared to Q3 2007 Source: Alabama Business Leaders Confidence Index This Year

28. 27 Alabama Economic Outlook Q4 2006 – Q4 2007 Source: Alabama Business Leaders Confidence Index

29. 28 Alabama Population 2000-2007 in Millions Source: U.S. Census Bureau

30. 29 Alabama High Inbound State January – December 2007 Source: United Van Lines Migration Study High Inbound High Outbound Balanced

31. 30 Alabama Civilian Labor Force 2001-2007 in Millions Source: Alabama Dept of Industrial Relations *Jan-Nov 2007

32. 31 Alabama Employment 2001-2007 in Millions Source: Alabama Dept of Industrial Relations *Jan-Nov 2007

33. 32 Alabama Unemployment 2001-2007 Source: U.S. Department of Labor *Jan-Nov 2007

34. 33 Alabama Gross State Product 1998-2006 in $Billions Source: U. S. Bureau of Economic Analysis

35. 34 Alabama Gross State Product % Change 1998-2006 Source: U. S. Bureau of Economic Analysis

36. 35 Total Tax Revenue Alabama % Change FY 01-02 thur FY 06-07 *FY: Oct-Sept Source: Alabama Department of Revenue

37. 36 Income Tax Revenue Alabama % Change FY 01-02 thur FY 06-07 *FY: Oct-Sept Source: Alabama Department of Revenue

38. 37 Sales Tax Revenue Alabama % Change FY 01-02 thur FY 06-07 *FY: Oct-Sept Source: Alabama Department of Revenue

39. 38 Tax Revenue Alabama % Change Dec 2006 Vs Dec 2007 Source: Alabama Department of Revenue

40. 39 Alabama Housing Statistics Nov 2006 – Nov 2007 YTD Nov 2006YTD Nov 2007% Change Total Homes Sold 55,30652,875 -4.4% Avg Selling Price $156,535$157,818 +.82% Avg Days on Market 123 0% Total Homes Listed 366,005451,852 +23% Source: Alabama Real Estate Research & Education Center

41. 40 Number Home Sales Per Month Alabama 1998-2007 Source: Alabama Center for Real Estate *Jan-Nov 2007 3,760 Avg - - -

42. 41 Ave # of Days Homes on Market Alabama 1998-2007 Source: Alabama Center for Real Estate *Jan-Nov 2007 140 Avg - - -

43. 42 Outlook Survey- Guarded State Population- Up Labor Force- Flat Employment- Flat Unemployment- Flat Alabama Gross State Product – Up State Tax Revenues –Up, decreasing rate Housing Sales –Down from record highs State of Alabama: Summing it Up

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46. 45 To What Extent is Your Local Govt Supportive of Business?

47. 46 State Survey: To What Extent is Your State Supportive of Business?

48. 47 Alabama Industry Hiring Plans Q4 2006 compared to Q3 2006 Source: Alabama Business Leaders Confidence Index Last Year

49. 48 Alabama Industry Hiring Plans Q4 2007 compared to Q3 2007 Source: Alabama Business Leaders Confidence Index This Year

50. 49 Sales Tax Revenue Alabama % Change Calendar Yr 2006 vs 2007 Source: U. S. Bureau of Economic Analysis *FY: Oct-Sept 2.5% Avg - - -