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Region Demographics & Economic Trends Bruce Mills, Research Analyst Santee-Lynches Regional Council of Governments Phone: (803) 775-7381

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Presentation on theme: "Region Demographics & Economic Trends Bruce Mills, Research Analyst Santee-Lynches Regional Council of Governments Phone: (803) 775-7381"— Presentation transcript:

1 Region Demographics & Economic Trends Bruce Mills, Research Analyst Santee-Lynches Regional Council of Governments Phone: (803) 775-7381 Email: slresearch@slcog.org

2 Source: U.S. Census Bureau

3 Third Army transfer to Shaw AFB Total personnel: Between 1,400 and 1,500 soldiers, civilians and contractors. Payroll:1,200 Soldiers’ average salary: $85,000 ~ 109 Civilians’ average salary: $80,000 ~ 100 Contractors’ average salary: $80,000 TOTAL PAYROLL: Estimated $118.7 million When: Most movement between May and August 2011. BRAC deadline for transfers is Sept. 15, 2011. Projected Population influx: Between 4,900 to 5,700 people into Sumter and surrounding market, when including dependents. Source: Third Army

4 Note: Data excludes military; so the approximate 6,100 active-duty personnel at Shaw AFB aren’t included. Source: U.S. Census Bureau Local Employment Dynamics

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6 “If real estate is location, location, location, then economic development in the new economy is education, education, education.” Dr. JOHN S. BUTLER Professor, University of Texas

7 Strong academic skills –Math and Math Reasoning –Science –Writing / Literacy Applied and social skills –Teamwork –Critical thinking / problem solving –Communication –Work ethic –Time management Tech-savvy RESULT = Creative and innovative workforce –Capacity to a) make improvements on the product and service line and b) conduct out-of-the-box breakthrough thinking if started fresh with the product or service. An entrepreneurial environment to meet customers’ needs in a unique and new way even if it means building whole new competencies. Skill sets for now and the future

8 Source: Bureau of Labor Statistics, Seasonally adjusted unemployment rates

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11 AverageEducational Career annual earningsattainmentearnings (40 years) $16,121/yrNo High School Diploma / GED$644,840 June ‘10 U.S. Unemployment Rate: 14.1% $24,572/yrHigh School Diploma / GED$982,880 $32,152/yrSome College, up to Assoc.$1,286,080 June ‘10 U.S. Unemployment Rate: 8.2% $45,678/yrBachelor Degree$1,827,120 $55,641/yrMaster Degree 4.4% $2,225,640 $86,833/yrDoctorate Degree$3,473,320 More Education = Job and Financial Security Source: U.S. Census 2000 2X

12 Competitive and growing jobs in future REGION Registered Nurses, Licensed Practical and Vocational Nurses Truck Drivers Pharmacists Construction managers Dental assistants & hygienists Retail Supervisors/Managers STATE Registered Nurses Truck Drivers Pharmacists Sales Representatives Accountants & Auditors Lawyers Paralegals & Legal Assistants Loan Officers Executive secretaries & Administrative Assistants Network Systems & Data Communication Analysts Source: S.C. Department of Commerce, 2006-’16 projections Specific criteria met: Projected job growth during timeframe and salary must meet the current average regional or state threshold ($31,550 Region; $36,050 State).

13 Higher-wage jobs with good opportunities that don’t require a Bachelor’s Degree REGION Automotive Service Technicians & Mechanics Correctional Officers & Jailers Customer Service Representatives Dental assistants & hygienists Fire Fighters Pharmacy Technicians Registered Nurses, Licensed Practical and Vocational Nurses Retail Supervisors/Managers Truck Drivers Water & Liquid Waste Treatment Plant & System Operators STATE Automotive Service Technicians & Mechanics Bookkeeping, Accounting & Auditing Clerks Computer Support Specialists Correctional Officers & Jailers Dental assistants & hygienists EMTs and Paramedics Executive Secretaries & Administrative Assistants STATE cont’d Source: S.C. Department of Commerce, 2006-’16 projections These are “good” jobs with higher wages that don’t require a college degree that will have a significant number of opportunities in the coming years. Fitness Trainers & Aerobics Instructors Legal Secretaries Machinists Maintenance & Repair Wkrs. Operating Engineers & Other Construction Equipment Operators Painters (Construction & Maintenance) Paralegals & Legal Assistants Plumbers, Pipefitters & Steamfitters Police officers Real Estate Brokers & Sales Agents Registered Nurses, Licensed Practical and Vocational Nurses Sales Representatives Supervisors/Managers of Construction Trades & Extraction Wkrs. Supervisors/Managers of Housekeeping & Janitorial Wkrs. Supervisors/Managers of Landscaping, Lawn Service & Groundskeeping Wkrs. Supervisors/Managers of Office & Administrative Support Wkrs. Retail Supervisors/Managers Team Assemblers Truck Drivers Welders, Cutters, Solderers & Brazers

14 Presentation available for download on our Web site: www.santeelynchescog.org Questions? in “News You Can Use” section


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