2. Building Conway’s Future 64 th Annual Presentation of the Faulkner County 2014 Economic Report

3. Prepared for

4. With the Support of: Dr. Michael Hargis Dean of the College of Business

5.  Roger Lewis, PhD Report Author  Pat Cantrell, PhD Report Coordinator  Stacey Spinks, MBA Graduate Assistant 2014 Economic Report Prepared by:

6. National Economic Gross Domestic Product

7. DOW Jones Industrial Average Year-End Closings

8. National Unemployment Rate

9. Average Annual Unemployment Rate

10. 2014 Monthly Unemployment

11. National Consumer Price Index

12. Consumer Price Index Percentage Change Per Select Category, Seasonally Adjusted Category20132014 Apparel0.6-2.0 Education & Communications1.60.4 Energy0.5-10.6 Food & Beverage1.12.0 Housing2.22.5 Medical Care2.03.0 Other Goods & Services1.81.6 Recreation0.40.0 Transportation0.5-6.2 All Items1.20.8

13. CitiesComposite Equivalent to $50,000 Salary in Conway Conway 91.9$50,000 Fayetteville, AR 90.349,129 Hot Springs, AR 93.250,707 Jonesboro, AR 87.247,334 LR-NLR, AR 98.453,536 Memphis, TN 85.846,404 New York (Manhattan), NY 218.2119,368 San Jose, CA 148.580,794 Seattle, WA 124.067,465 St. Louis, MO 94.151,305 Washington-Arlington, VA 139.379,060 National Average 100$54,407 Cost of Living Comparison

14. Family Units Constructed

15. Value of All Building Permits In Million Dollars

16. Population of Conway and Faulkner County

17. Faulkner County Births and Deaths YearBirthsDeathsNet Gain 20131536887649 20121544800744 20111444800644 20101532811734 20091538756782 20081511746765 20071481737744 20061,530726804 20051,398717681 20041365684681

18. Real Estate Amount: $1,386,433,783 Percent Increase: 0.05 All Property Amount: $420,465,214 Percent Increase: 3.59 Conway City Limits Tax Assessment Values in 2014 REAL ESTATE Amount: $747,888,723 % of Faulkner County: 55.77 ALL PROPERTY Amount: $980,772,243 % of Faulkner County: 56.07 Faulkner County Property Tax Assessment in 2014

19. Per 1,000 in cities whose population is 50,000+ Violent Crime

20. Per 1,000 in cities whose population is 50,000+ Burglary, Larceny, Vehicle Theft Property Crime

21. YearRevenue Capital Expenditures Residential Electric Meters % Increase Population Estimate 2015* 111.921.026,8920.763,465 2014 111.019.626,7011.063,014 2013 107.112.6264261.262,365 2010 95.110.325,2373.058,908 *2015 Figures Estimated (In Millions of Dollars) Conway Corporation

22. Faulkner County ½% Sales Tax Receipts YearAmount Change Over Previous Year 2014$8,272,423$178,154 2013$8,094,270-$371,317 2012$8,465,586$654,215 YearAmount Change Over Previous Year 2014$12,915,263$104,018 2013$12,811,245$890 2012$12,810,355$501,714 Conway 1% Sales Tax Sales Tax Receipts

23. Faulkner County Estimated Retail Sales for 2014 CityAmount% of Total Conway$1,408,497,32376.3% Greenbrier93,714,4215.1% Mayflower46,322,2632.5% Vilonia52,641,3052.8% Guy3,395,2110.2% Damascus12,515,8950.7% Non-Tax Areas*230,094,42412.5% Total$1,847,180,842100.0%

24. Conway Hotel Sales

25. HotelTotal Sales Hilton Garden Inn$2,581,390 Holiday Inn Express1,884,761 Fairfield Inn 1,741,328 Hampton Inn1,497,548 LaQuinta Inn1,267,347 Total$8,972,374 * Based on Advertising and Promotion Tax Top 5 Conway Hotels by 2014 Annual Sales

26. Conway Restaurant Sales

27. Restaurant Total Sales Chick-Fil-A$4,419,805 Chili’s Bar & Grill #10674,043,730 Cracker Barrel3,865,830 Golden Corral3,714,666 TGI Friday’s3,408,720 McDonald’s #29917 Salem Rd.3,270,456 McDonald’s #32901 Dave Ward Dr.3,141,075 McDonald’s #2872 Oak St.2,789,307 McDonald’s #10667 Hwy 65 N2,789,307 Marketplace Grill2,604,547 Total$34,056,245 19.3% of Total Sales Top 10 Restaurants by 2014 Annual Sales

28. Total Deposits (Billions of Dollars) There are fifteen banking institutions in Faulkner County with 58 offices. Bank Deposits

29. The top three banking institutions hold 71% of the market share. Bank Market Share Faulkner County

30. Bank Return on Assets and Equity BankReturn on ssetsReturn on Equity Fort Sill NB2.1219.74 First Security Bank2.2216.96 Bank of the Ozarks2.0514.70 U S Bank1.4613.67 Centennial Bank1.7012.71 First Arkansas Bank2.0611.02 Delta Trust1.0210.53 First Service Bank1.048.33 Regions Bank1.138.23 Eagle Bank & Trust0.868.22 Simmons First NB0.797.74 Arvest Bank0.837.53 Bank of America.0856.85 Home Bank of Ark0.242.58 River Town Bank-0.031.77

31. (in thousands of vehicles) Faulkner County Motorized Vehicle Registrations

32. Arkansas Severance Tax Revenue In Millions of Dollars

33. Faulkner County 2014: $296,411 2013: $224,455 The City of Conway 2014: $363,837 2013: $276,523 31.6% Increase 32.1% Increase Municipal Highway Severance Tax Distribution

34. Van Buren1586 White1281 Conway1141 Cleburne993 Faulkner399 Fayetteville Shale 2014 Well Production County Number of Wells 577 total wells have produced a total of 5,538,172,105 Thousand Cubic Feet of Natural Gas

35. Total since 2010: $2,221,225,338 Arkansas Scholarship Lottery Sales

36. CityTotalAverage Monthly Conway$9,771,692$814,308 Greenbrier1,924,937160,411 Mayflower1,791,933149,333 Vilonia567,02947,252 Wooster137,62011,468 Total$14,193,211$236,554 2014 Lottery Sales for Faulkner County Municipalities

37. Type Total # of Employers Total # of Employees Average Annual Wages Government566,841$36,487 Private2,75333,366$37,159 Total2,80940,207$37,044 Employment & Earnings Faulkner County 2014

38. CropIncome from Production Sold% Change 2013-2014 Beef$10,000,00077.78% Greenhouses5,000,0000.0 Rice2,325,75714.4 Soybeans2,300,55055.4 Wheat1,235,000-29.3 Dairy960,0000.0 Hay800,000-4.8 Corn478,000-39.0 Forestry600,0000.0 Fruits & Vegetables500,0000.0 Hogs72,0000.0 Silage00.0 Total$24,271,30723.6% Agricultural Production

39. Category2013 Statistics% Change Visitors Trips 347,876 -0.65 Total Travel Expenditures$82,144,0090.88 Expenditure per Visitor$236.131.54 State Tax receipts $5,031,7420.74 Local Tax Receipts$1,378,0420.7 Number employed936-1.58 Payroll$15,307,5290.8 Average Annual Pay $16,3542.42 The Effects of Tourism on Faulkner County

42. Questions?

43. Thank you!