2. The 2010 Faulkner County Economic Report 60 th Annual Report

3. Dr. Pat Cantrell Dean of the College of Business

4. David Teaster Intern UCA Economics Major UCA Economics Major Amber Hall Project Specialist Office of Institutional Research

5. Themes 2009- From Cotton to Computers 2008 - Conway and Oasis In Arkansas 2007 - We Have Gas 2006 - Conway is Growing and You Can Bank on it You Can Bank on it 2005 – The Billion Dollar Economy 2004- ABC’s of Conway (Apartments, Banks and Churches)

7. National Economy

8. Gross Domestic Product Percent Increase over Previous Year

9. Unemployment Rate

10. 2010 Monthly Unemployment Rate

11. Average Annual Unemployment Rate

12. Consumer Price Index (CPI)

13. CPI for All Urban Consumers (Seasonally Adjusted) 20092010 Energy-18.47.3 Medical Care3.22.9 Food1.91.8 Other Goods & Services6.71.9 Housing0.4 Education & Communications3.01.2 Transportation-8.35.4 Recreation0.9-0.6 Apparel1.00.0 All Items-0.41.6

14. Dow Jones Industrial Average Yearend Closing 13,265 8,776 11,578

15. Family Units Constructed 1133 760 1532 602 448 933 735 949

16. Value of Building Permits (In Million Dollars)

18. Population of Conway and Faulkner County 52% of Faulkner County’s population reside in Conway

19. Faulkner County Births and Deaths per Year YearBirthsDeathsNet Gain Birth to Death Ratio Arkansas Birth to Death Ratio 2010 1,5458117341.91.5 2009 1,5407567842.01.5 2008 1,3927466461.91.5 2007 1,4817377172.01.5 2006 1,5307268072.11.4 2005 1,3987177361.91.4 2004 1,3656846812.01.3 2003 1,3146856291.91.3 2002 1,3146686462.01.3 2001 1,2026165862.01.3 Ten Year Summary11,7385,2317,3682.00

20. Faulkner County Property Tax Assessment Values 2010 Real Estate All Property Amount % Increase Amount $1,257,743,1974.0$1,597,539,4774.8 2010 Tax Assessment Values in Conway City Limits Real Estate Percent of Faulkner County All Property Percent of Faulkner County $708,741,48256.40$914,665,40557.30

21. Cost of Living Comparison CompositeDifference Average Rent Average Home Conway86.60.0$525$245,802 Fort Smith86.1-0.5$458$236,080 Fayetteville92.15.5$587$231,964 Hot Springs93.87.2$612$259,383 Little Rock- N Little Rock96.59.9$746$261,610 San Francisco164.077.4$2,264$813,300 Houston, TX92.25.6$858$224,048 Dallas, TX91.95.3$702$197,358 San Jose, CA156.169.5$1,537$781,361 National Avg.100.013.4$810$293,442

22. 2009 Violent and Property Crimes per Thousand Population Burglary Larceny-theft Motor Vehicle Theft

23. Conway Corporation Revenues, Capital Expenditures and Number of Customers All Departments Residential Electric Customers Year Revenue (Millions) Capital ExpendituresNumber% Increase Population Estimate 2010 $95.1$10.325,2373.258,908 2009 $92.6$10.624,4644.360,671 2008 $85.6$9.723,4531.758,163 2007 $84.4$9.623,0623.357,194 2006 $81.1$7.922,3165.855,344 2.33 Residents per Residential Electric Meter

24. Conway Corporation Residential CapitalElectric CustomersPopulation Revenue*Expenditures*Number% IncreaseEstimate 2010$92.6$10.325,2373.258,908 2009$92.6$10.624,4644.360,671 2008$88.3$9.424,1954.960,004 2007$84.4$9.623,0623.357,194 2006$81.1$7.922,3165.655,344 * In Million Dollars

25. Faulkner County Sales Tax Receipts Year 1/2% Sales Tax Receipts Change Over Previous Year 2010$7,472,974$145,899 2009$7,327,074-$80,842 2008$7,407,916 Year 1% Sales Tax Collections 1% Sales Tax Collections Change Over Previous Year 2010$12,102,898$546,564 2009$11,556,334-$52,581 2008$11,608,915 Conway Sales Tax Receipts

26. Estimated Retail Sales for 2010 Conway $1,249,605,828 Faulkner County $1,566,845,200 80% of all Faulkner County Sales Occur in Conway

27. Conway Advertising and Promotion Tax 2% of Hotel and Restaurant Sales 2009 2010% Change 2009 2010% Change Hotels $318,502 $347,602 9.1% Restaurant*$2,573,883 $2,627,481 2.1% Total $2,892,385 $2,975,083 2.9% * Does not include tax on alcoholic beverages for 2010

28. Motel Sales 21 Hotels and One Bed and Breakfast % Change % Change 2010$17,5920,240 7.2% 2009 $ 16,404,114-6.2% 2008 $17,485,927

29. Top Five Hotels by Annual Sales $2,521,545 $1,581,092 $1,449,652 $1,434,895 $1,325,391

30. Restaurant Sales Includes Alcoholic Beverage Sales Sales % Change Sales % Change 2010 $140,014,531 7.0% 2009 $130,911,971 5.5% 2008 $124,115,600

31. Top Ten Restaurant by Annual Sales (Does not include alcoholic beverage sales) $3,950,036 $3,690,003 $3,625,022 $3,611,524 $3,202,551$2,940,872 $2,763,293 $2,662,961 $2,644,305 $2,611,287 Salem Oak Street Hwy. 65 N. Dave Ward Drive

32. Number of Banking Institutions in Faulkner County and Total Deposits Number of TotalAmount ofPercent InstitutionsOfficesDeposits*Increase*Increase 20101558$1,582,979$120,9608.3 20091557$1,462,019$101,3047.4 200815581,374,7158,7610.6 200715571,351,95428,3652.1 200615521,323,58977,6866.2 200514481,245,903139,22812.6 200414481,106,67533,7483.1 * In Million Dollars

33. Market Share of Faulkner County Bank Deposits

34. Bank Earnings of Institutions Represented in Faulkner County (Year to Date as of June 30) %Return on Assets 20092010 Bank of Ozarks1.421.94 1 st Security Bank1.301.93 1 st Service Bank1.131.61 Centennial Bank0.141.30 Heber Springs1.05 First Service Bank1.301.02 US Bank0.850.98 River Town Bank0.530.91 Simmons First National Bank0.730.84 Bank of America0.470.44 National Bank of Arkansas0.490.34 Arvest Bank0.620.30 Home Bank of Arkansas0.53-0.32 Regions Bank-0.22-0.35 Metropolitan National Bank-5.04-.71 Average0.350.75

35. Faulkner County Motor Vehicle Registration (In Thousands of Vehicles)

36. 2010 Natural Gas Production By County (Through November 10, 2010) CountyNumber of WellsMCFEstimated Value Cleburne37283,037,287$338,600,980 Conway638145,299,782$601,454,088 Faulkner25145,438,300$186,840,230 Franklin21139,005$581,828 Independence435,010,237$20,572,201 Jackson253,465,135$14,539,021 Johnson60$0 Pope412,741,689$11,499,862 Van Buren947216,441,863$898,812,006 White876201,661,079$840,753,040 Total3229703,234,327$2,913,653,257 3229 wells with $2.9 billion production

37. Severance Tax Revenue YearGross Revenue 2010$54,484,821 2009$27,468,970 2008$1,314,723 2007$800,330 2006$603,753 2005$530,737 2004$516,136 2003$506,136

38. Lottery Sales Annual Sales 2010 County Sales SalesRank Faulkner$17,448,7015 Pulaski$93,399,3211 Jefferson$21,671,7722 Washington$18,894,0363 Saline$18,019,0614 State Total $459,916,256

39. Arkansas Scholarship Lottery Monthly Sales 200920102011Percent Change October$39,311,623$36,716,063-6.6 November$43,538,309$35,501,321-18.5 December$41,292,333$39,762,737-3.7 January$40,187,052$39,663,372-1.3 February$44,980,222$40,523,209-9.9

40. 2010 Annual Lottery Sales Per Capita County Sales Per CapitaRank Per Capita Income Rank Faulkner$1633010 Dallas$397152 Nevada$369273 Arkansas$34535 Jefferson$277627 Conway$272720 Montgomery$457574 State Average$267

41. Income from Agricultural Production SoldCrop 2010 % Change 2009-2010 Beef$17,500,00045.83% Greenhouses$500,00-90.00% Dairy$2,618,0000.00% Rice$1,516,86029.00% Soybeans$1,442,800-56.61% Corn$434,280-21.43% Forestry$600,0000.00% Wheat$110,640-35.83% Fruits & Vegetables $500,0000.00% Hay$1,200,000-33.33% Hogs$120,00019.05% Total $26,542,580-4.68%

42. The Economic Importance of Tourism in Faulkner County 2009 Data % Increase Total Travel Expenditures $75,306,817-7.99 Visitors345,809-8.64 Travel Expenditure Per Person $217.770.71 State Tax Receipts $4,589,849-8.13 Local Tax Receipts $1,262,526-8.10 Number Employed 345-4.45 Payroll$14,078,389-8.06 Average Annual Pay $14,898-3.78

43. 2009 Employment and Earnings for Faulkner County FirmsEmployees Annual Earnings Average Earnings Government586,406$261,327,564$40,794 Private2,63531,725$1,090,451,700$34,372 Total2,69338,131$1,351,779,264$38,133 Percent Government 2.216.819.3107

45. Any Questions?

46. Thank You