community impact analysis manufacturing golf courses fairgrounds natural disaster
TRANSCRIPT
Community Impact Analysis
ManufacturingGolf Courses
FairgroundsNatural Disaster
I. Manufacturing Impact
The Economic Impact of Major Manufacturing and
High Technology Firms on the Economy of Stillwater
and Payne County, Oklahoma
• Mike Woods - Extension Economist, OSU, Stillwater
• Suzette Barta - Extension Associate, OSU, Stillwater
• Susan Trzebiatowski - Student Assistant, OSU, Stillwater
• Amanda Hill - Student Assistant, OSU, Stillwater
• Kent Metcalf - Director of Economic Development, Stillwater Chamber of Commerce
• Nathan Anderson - County Extension Director, OSU, Stillwater
• Jack Frye - Area Community Development Specialist, OSU, Ada
Manufacturing Firms
• Armstrong World Industries, Inc.
• Audio Innovation, Inc.
• Dearinger Printing and Trophy, Inc.
• Frontier Printers, Inc.
• Irwin Custom Sign Company, LLC
• MerCruiser
• National Standard
• Olinghouse Steel Supply & Fab., Inc.
• Quebecor World
• R. K. Machine, Inc.
• Stillwater Milling Company
• The Brinkmann Corporation
• The Shutter Mill, Inc.
High Technology Firms• Accurate Labs and Training Center
• CMS Technetronics, Inc.
• Creative Labs, Inc.
• Esker
• ForHealth Technologies
• Frontier Electronics Systems Corporation
• Frontier Engineering, Inc.
• iTradeFair.com, Inc.
• Landauer, Inc./Crystal Growth Division
• Learnsat.Com, Inc. and Digital Cowboy.Com, Inc.
• Nomadics, Inc.
• REN Corporation
• SST Development Group, Inc.
• Stillwater Designs
• Tech, Inc.
• Teletraining Systems
• TMS, Inc.
Table 1Information Used to Conduct the Impact Analysis
TotalHigh
TechnologyManufacturing
Locally Purchased Inputs
Total Compensation
Employment
State Wide Purchased Inputs
Property Taxes Paid
Total Utility Expenditures
Charitable and Other Contributions
2,525
$83,822,484
$9,079,396
$31,770,711
$967,076
$5,496,072
$146,056
961
$33,203,441
$2,337,928
$12,424,969
$98,090
$388,507
$495,822
3,486
$117,025,925
$11,417,324
$44,195,680
$1,065,166
$5,884,579
$641,878
Table 2Residence of Employees for Stillwater
Manufacturing and High Technology Firms
In Stillwater
TotalHigh TechnologyManufacturing
Outside Payne County
In Payne County but Not Stillwater
1,414 (56%)
125 (13%)
125 (13%)
711 (74%)
732 (29%)
379 (15%) 504 (14%)
857 (25%)
2,125 (61%)
Total Jobs 9612,525 3,486
Table 3Visitors to Stillwater Manufacturing and High
Technology Firms
Annual Number of Visitors
TotalHigh TechnologyManufacturing
Number of Overnight Stays
Percent Who Stay Overnight
4,470
2,287
62%
2,698
35%
2,586 4,873
51%
7,168
Table 4Volunteer Hours Reported by Manufacturing and High
Technology Employees and Estimated Total Volunteer Hours
Number of Employees Responding
TotalHigh TechnologyManufacturing
Estimated Total Number of Hours Employees Volunteer Per Month
Reported Number of Hours Employees Volunteer Per Month
1,017
14,978
639
41
1,492
3,704 18,682
2,131
1,058
Economic Impact Analysis Results
Table 5Estimated Impacts on the Local Area from Stillwater
Manufacturing and High Technology Firms
TotalHigh TechnologyManufacturing
Sales Taxes from Individuals
Income to Individuals
Jobs 2,787
$70,884,408
$668,607
2,648
$49,619,086
$468,025
1,550
$40,405,809
$381,122
1,209
$20,606,963
$194,372
4,337
$111,290,217
$1,049,729
3,857
$70,226,049
$662,397Sales Taxes from Individuals
Income to Individuals
Jobs
Sales Taxes from Individuals
Income to Individuals
Jobs
Direct Impacts
Indirect Impacts
Total Impacts5,435
$120,503,494
$1,136,632
2,759
$61,012,772
$575,494
8,194
$181,516,266
$1,712,126
Table 6Estimated Relative Impacts of Stillwater Manufacturing and
High Technology Firms on the Local Economy
TotalHigh TechnologyManufacturing
Direct Impact Percentage
Direct Estimate
Total County Employment a
Total Percentage
Employment
Total Estimate
6%
2,787
45,670
12%
5,435
9%
4,337
45,670
18%
8,194
3%
1,550
45,670
6%
2,759
a 1999 Regional Economic Information System, Bureau of Economic Analysis
Table 6 (continued)Estimated Relative Impacts of Stillwater Manufacturing and
High Technology Firms on the Local Economy
TotalHigh TechnologyManufacturingWages and Salaries
Direct Impact Percentage
Direct Estimate
Total County Wages & Salaries a
Total Percentage
Total Estimate
10%
$70,884,408
$727,827,000
17%
$120,503,494
15%
$111,290,217
$727,827,000
25%
$181,516,266
5%
$40,405,809
$727,827,000
8%
$61,012,772
a 1999 Regional Economic Information System, Bureau of Economic Analysis
Table 6 (continued)Estimated Relative Impacts of Stillwater Manufacturing and
High Technology Firms on the Local Economy
TotalHigh TechnologyManufacturing
Direct Impact Percentage
Direct Estimate
Total County Sales Tax Reported
Total Percentage
Retail Sales Taxes from Individuals
Total Estimate
5%
$668,607
$12,703,126
9%
$1,136,632
8%
$1,049,729
$12,703,126
14%
$1,712,126
3%
$381,122
$12,703,126
5%
$575,494
b FY 1999 as reported by the Oklahoma Tax Commission for Stillwater
II. Golf Course Impact
The Economic Impact of a Proposed Golf Course on the Economy of Perkins, OK
By: Mike D. Woods, Claude Allen, and Duane McVey
Direct Activity of Proposed Golf Course
Capital Investment $450,000
Annual Operating Expense $125,000
Full Time Employment 2
Part Time Employment 5
Annual Payroll $60,000
Rounds of Golf per Year 16,000
Indirect and Total Impacts
Employment Income Retail Sales
Direct 4 $60,000
Indirect 1 $26,400
Total 5 $86,400 $48,085
Visitor Impact
* $10 $20 $30
Direct $214,000 $310,000 $406,000
Indirect $104,860 $151,900 $198,940
Total $318,860 $461,900 $604,940
If average visitor spends…
* This assumes that 16,000 annual rounds of golf will be played and that 60% of these visitors represent out-of-town guests. Multiplier = 1.49
•18 Hole, Par 72 Course
•Bentgrass Greens and manicured Bermuda Fairways
•300 yard practice driving range and 9 hole putting green
•Clubhouse with lunch bar, pro shop and banquet facilities.
•Residential lots are available
According to Golf Digest, Payne County, Oklahoma is rated as one of the finest
golf retirement communities in the nation, with The Golf Club at Cimarron
Trails reported as a new and rising star.
Analyze Impacts of an Entire Sector or Industry
• Agriculture– Poultry Industry– Swine Industry
• Health Care Sector• Oil and Gas Industry• Horse Industry• Horseracing Industry• Higher Education• Manufacturing• Tourism• Downtown/Retail Trade
Analyze Impact of a New Business to the Community
Health Care: • Hospital• Residential Care
Facility• Drug
Treatment/Rehab Center
Agriculture:• Livestock Facility• Fairgrounds/Expo
Center• Farmer Owned
Cooperative
Entertainment:
• Golf Course
• Amusement Park
• Sports Complex
Other/Misc:
• Motel
• Work Release Center
• Manufacturing Plant
Analyze Impact of Existing Activity
• National Recreation Area
• State Park• University• Manufacturing Plant• County Administrative
Offices
• Loss due to natural disaster – Tornado
• Business, such as manufacturing plant, leaves town or closes down.
Analyze Impact of Lost Activity
Impacts of a Particular Event
• Conference• Tourist Event
– Special Olympics Oklahoma
• National Finals Rodeo• Downtown Festival