april 2014 economic indicators

Post on 07-Dec-2014

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“Economic Indicators: An Update for the 7 Rivers Region” reports on a long-term study of regional economic indicators. The research is ongoing and spans a period of time to enable us to understand and report trends. This project is expected to continuously build on a base of economic information and provide decision makers with valuable tools for strategic planning. The information will also provide a basis for comparison with other regions and a measure of our progress.

TRANSCRIPT

Economic Indicators:

An Update for the 7 Rivers Region

This event is being streamed via the internet to a few small corners of the world. I’m thankful everyone took the time to come out to hear me announce…

Announcement

I am not running for President.

Announcement

Outline

Local Housing Market and Economics Indicators

A Tale of Three States

Governor Walker

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

-

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0 Total Number of Foreclosures Filed in: Jackson,

Juneau, La Crosse, Monroe, Trempealeau, Vernon

Counties

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

0

400

800

1,200

1,600

2,000 Total Single Family Listings Sold in the 7 Rivers Region

FOR SALE

1997-Jan1997-Feb1997-Mar1997-Apr1997-May1997-Jun1997-Jul1997-Aug1997-Sep1997-Oct1997-Nov1997-Dec1998-Jan1998-Feb1998-Mar1998-Apr1998-May1998-Jun1998-Jul1998-Aug1998-Sep1998-Oct1998-Nov1998-Dec1999-Jan1999-Feb1999-Mar1999-Apr1999-May1999-Jun1999-Jul1999-Aug1999-Sep1999-Oct1999-Nov1999-Dec2000-Jan2000-Feb2000-Mar2000-Apr2000-May2000-Jun2000-Jul2000-Aug2000-Sep2000-Oct2000-Nov2000-Dec2001-Jan2001-Feb2001-Mar2001-Apr2001-May2001-Jun2001-Jul2001-Aug2001-Sep2001-Oct2001-Nov2001-Dec2002-Jan2002-Feb2002-Mar2002-Apr2002-May2002-Jun2002-Jul2002-Aug2002-Sep2002-Oct2002-Nov2002-Dec2003-Jan2003-Feb2003-Mar2003-Apr2003-May2003-Jun2003-Jul2003-Aug2003-Sep2003-Oct2003-Nov2003-Dec2004-Jan2004-Feb2004-Mar2004-Apr2004-May2004-Jun2004-Jul2004-Aug2004-Sep2004-Oct2004-Nov2004-Dec2005-Jan2005-Feb2005-Mar2005-Apr2005-May2005-Jun2005-Jul2005-Aug2005-Sep2005-Oct2005-Nov2005-Dec2006-Jan2006-Feb2006-Mar2006-Apr2006-May2006-Jun2006-Jul2006-Aug2006-Sep2006-Oct2006-Nov2006-Dec2007-Jan2007-Feb2007-Mar2007-Apr2007-May2007-Jun2007-Jul2007-Aug2007-Sep2007-Oct2007-Nov2007-Dec2008-Jan2008-Feb2008-Mar2008-Apr2008-May2008-Jun2008-Jul2008-Aug2008-Sep2008-Oct2008-Nov2008-Dec2009-Jan2009-Feb2009-Mar2009-Apr2009-May2009-Jun2009-Jul2009-Aug2009-Sep2009-Oct2009-Nov2009-Dec2010-Jan2010-Feb2010-Mar2010-Apr2010-May2010-Jun2010-Jul2010-Aug2010-Sep2010-Oct2010-Nov2010-Dec2011-Jan2011-Feb2011-Mar2011-Apr2011-May2011-Jun2011-Jul2011-Aug2011-Sep2011-Oct2011-Nov2011-Dec2012-Jan2012-Feb2012-Mar2012-Apr2012-May2012-Jun2012-Jul2012-Aug2012-Sep2012-Oct2012-Nov2012-Dec2013-Jan2013-Feb2013-Mar2013-Apr2013-May2013-Jun2013-Jul2013-Aug2013-Sep2013-Oct2013-Nov2013-Dec2014-Jan2014-Feb2014-Mar$75,000

$100,000

$125,000

$150,000

$175,000

$200,000Average Price of Single Family Homes Sold in 7 Rivers Region

Jan-99 Jan-01 Jan-03 Jan-05 Jan-07 Jan-09 Jan-11 Jan-130.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0Number of Building Permits in La Crosse MSA

Total Permits

Single Unit Permits

Jan-92Jan-94Jan-96Jan-98Jan-00Jan-02Jan-04Jan-06Jan-08Jan-10Jan-12Jan-14100,000

110,000

120,000

130,000

140,000

150,000

160,000

170,000

180,000

190,000Real Retail and Food Services Sales

Millions of Seasonally Adjusted Dollars

Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Jan-14$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

$1,100,000

$1,200,000La Crosse County Sales Tax Rebate

A Tale of Three States…

Population Median Income 65+ College Ed

5,742,713

5,420,380

3,090,416

14.4%

13.6%

15.3%

26.4%

32.2%

25.3%

$52,627

$59,126

$51,129

Governor Scott Walker

What are the opportunities for collaboration between Wisconsin and Minnesota and what can be learned from each other?

REGIONAL COLLABORATION

What can/should be done to address gaps in the skills/education of the workforce?

WORKFORCE DEVELOPMENT

What is the status of resolving the issue of Tax Reciprocity?

RECIPROCITY

What is the right balance between property, income, sales & use taxes?

TAXES

Wisconsin and Minnesota have taken different paths emerging from the Recession. Which path will be better in the long run?

Long Run

What can the states do to improve the region’s infrastructure?

INFRASTRUCTURE

QUESTIONS?

THANKS.PLEASE FILL OUT YOUR EVALUATIONS

Seasonally

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