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HomeMy WebLinkAbout2012 Economic Profile of Gallatin & Park Counties, Montana2012 Economic Profile ',0201 2 PROSPERA BUSINESS NETWORK of Gallatin and Park Counties, Montana Gallatin & Park Counties, Montana UNCOL N FLATHEAD SANDERS LUKE MEAGHER WHEAT- jZa- MUSSEL- MISSOULA GRANITE GLACIER TOOIE B� HILL PONDERA TETON CHOUTEAU LEWIS CASCADE "NE r PHIWPS r VALLEY —1 AND CLARK JUDITH FERGUS ILEUM SON BEAVERHEAD L MADISON CARBON GARFIEL.D BIG HORN PROSPERA Bi1SINESS NETWORK 2015 Charlotte Street • Suite 1 • Bozeman, MT 59718 Phone - 06.587.3113 • Fax 406.587.9565 «-« r%-,-.ProsperaBusinessNetwork.org Pno,111,'.RA Bc ,,imrss W nmK 2011 Ecowmic Pi «u ii.i_ DANIELS SHEMDAN ROOSEVELT RICFILAND McCONE DAWSON PRAIRIE FALLON CUSTER POD � CARTER 11� _J J BASIN MEAGHER WHEAT- jZa- MUSSEL- ) LAND SHELL co a YELLOWSTO TIN SWEET GRASS STILL - PARK WATER B: � iings CARBON GARFIEL.D BIG HORN PROSPERA Bi1SINESS NETWORK 2015 Charlotte Street • Suite 1 • Bozeman, MT 59718 Phone - 06.587.3113 • Fax 406.587.9565 «-« r%-,-.ProsperaBusinessNetwork.org Pno,111,'.RA Bc ,,imrss W nmK 2011 Ecowmic Pi «u ii.i_ DANIELS SHEMDAN ROOSEVELT RICFILAND McCONE DAWSON PRAIRIE FALLON CUSTER POD � CARTER 11� _J J Table of Contents Listof Tables ........................................................................................................................ ............................... i Listof Charts .......................................................................................... ............................... ............................iii List of Figures ................ .... iii Introduction......................................................................................................................... ............................... l PopulationTrends .............................................................. ............................... .. 3 Demographics...................................................................................................................... ..............................8 Migration.............................................................................................................................. .............................12 Costof Living ..................................................................................................................... .............................13 TheEconomy ...................................................................................................................... .............................17 Costof Doing Business ..................................................................................................... .............................20 Workforce.......................................................................... ............................... Employmentby Sector ....................................................................................................... .............................24 LargestPrivate Employers ................................................................................................. .............................2C Salary& Wage Detail ................................................................................... ............................... Agriculture........................................................................................................................... .............................30 Construction...................................................................................................................... ............................... 32 Technology.......................................................................................................................... .............................35 Manufacturing..................................................................................................................... .............................39 RealEstate ........................................................................................................................... .............................42 Banking............................................................................................................. .............................45 Tourism and Recreation ................................................................................................... ............................... 47 Energy................................................................................................................................... .............................55 Montana State University — Bozeman ........................................................................... .............................57 Bozeman Deaconess Hospital .......................................................................................... .............................60 List of Tables 'fable 1: Population ............................................................................................................. ..............................3 'fable 2: Six Fastest Growing Montana Counties ........................................................... ..............................4 "fable 3: population Rankin 7 Table4: .age Demographics .............................................................................................. ..............................5 Table5: Fthnicit% ............................................................................................................... ..............................9 Table6: Income I. et• els ...................................................................................................... ..............................9 Table 7: Level of Educational A ttainment ................................................................... ............................... lo Table 8: Housing Occupancy- Data ................................................................................ ..............................1 I Table 9: Households and Families ................................................................................ ............................... I l Table 10: Population Change ............. ............................... 2 Table 11: Bozeman Cost of Living Index Scores .......................................................... .............................14 'fable 12: Cost of Living Index Comparison: Bozeman & Italispell ........................... Table 13: Micropolitan Economic Strength Rankings (Out of 576) .......................... .............................18 Table 14: Metropolitan Economic Strength Rankings (Out of 366) ......................... .............................18 Table15: Real GDP by State ........................................................................................... .............................19 'fable 16: Regional Comparison of the Cost of Doing Business ................................ .............................21 Table 17: State Unemployment Rate Information ................................................ ............................... 22 'fable 18: County Unemployment Rate Information ................... ............................... Table19: Labor Force ............................................................................................ ............................... ....23 'fable 20: 2011 Employment & Earnings by Sector ..................................................... .............................25 Table 21: Largest Private Sector Employers .................................................................. .............................26 Table 22: :Average :Annual Wages .................................................................................... .............................28 Table 23: :Average Weekly Wages .................................................................................... .............................28 'fable 24: Earnings by Educational Attainment ............................................................ .............................29 Table25: County Wage Rankings ................................................................................... .............................29 Table 26: 2010 Crop Statistics for Gallatin County ...................................................... .............................30 Table 27: 2011 Livestock Statistics for Gallatin County .............................................. .............................30 'Fable 28: 2010 Crop Statistics for Park County ............................................................ .............................31 Table 29: 2011 Livestock Statistics for Park Count• .................................................... .............................31 "fable 30: 2010 Montana ,agricultural Commodities Information .............................. .............................31 'fable 31: New Construction A ctivity ............................................................................. .............................32 Table 32: City of Bozeman A nnexations ........................................................................ .............................32 Table 33: City of Bozeman Subdivision Reviews .......................................................... .............................33 PROSPr RA Bt ,ttirss Ni MORK 2012 Lco,,om i(; Pitot u.i• i Table34: Zoning Reviews ................................................................................................ .............................33 Table 35: Building Permits Issued ................................................................................... .............................34 fable 36: Ernployment and Labor Income in Montana ;Manufacturing Sectors .... .............................39 fable 37: Real Estate "Trends for Gallatin and Park Counties ................... 2 "fable 38: Residential Distressed Sales in Gallatin & Park Counties (Short Sales) ................................ 43 Table 39: Residential Distressed Sales in Gallatin & Park Counties ( Foreclosures) .............................43 Table 40: Bozeman Bank Deposit Market Share .......................................................... .............................4G Table 41: Livingston Bank Deposit Market Share ........................................................ .............................4G "fable 42: Montana Nonresident Traveler Quarterly Travel Comparison ................. Table 43: Montana Nonresident Traveler Economic Impacts and Expenditures (Totals) .................48 Table 44: Bozeman Yellowstone International :airport Volume ................................ .............................50 Table 45: Big Sky Resort and Bridget Bowl Visitors ........................ ....52 ........... ............................... ......... Table 46: Montana's Top 10 _attractions for Vacationers ........................................... .............................53 Table 47: Yellou stone National Park Visitors ............................................................... .............................54 Table48: Utility Rates ....................................................................................................... .............................55 Table 49: MSt' 'Total Enrol lment .................................................................................... .............................58 Table 50: Bozeman Deaconess Hospital by the N umbers ......................................... ..............................0 1 ` Table 51: Community Benefit Statistics ................... i PRO%nRA B1 �;I\HSs Nj.. FXX ORK 2012 EcoNomiC Pimi iu U List of Charts Chart 1: Actual and Projected County Populations ....................................................... ..............................7 Chart 2: Net Migration in ;Montana 2009- 20 11 .............................................................. .............................12 Chart3: Cost of Living for Bozeman ............................................................................. .............................14 Chart 4: Regional Cost of Living Comparison .............................................................. .............................15 Chart 5: Consumer Price Index - Western Region ...................................................... .............................16 Chart 6: Historical Average Consumer Price Index ..................................................... .............................16 Chart 7: 2011 Small Business Survival Index .................................................................. ............................ -1 () Chart 8: Unemployment Rates 2006 - 2011 ..................................................................... .............................23 Chart 9: :average :annual Employment .......................................................................... .............................24 Chart 10: :Average Weekly Wages by Industry .............................................................. .............................27 Chart 11: Residential Building Permit A ctivitV . ............................... Chart 12: Manufacturing Labor Income ........................................................................ .............................40 Chart 13: Number of Houses Sold - Gallatin & Park Counties ................................. .............................43 Chart 14: Number of Houses Sold - Bozeman, Belgrade & Livingston ................... .............................44 Chart15: Bank Deposits ................................................................................................... .............................45 Chart 16: 2011 Visitor E.xpenditures .............................................................................. .............................49 Chart 17: Vacationer Population by State /Province Residence ................................. .............................53 Chart 18: Ratings of Overall Healthcare Services _Available in the Community' ...... .............................62 Chart 19: Self- Reported Health Status ............................................................................ .............................62 Chart 20: Leading Causes of Death ................................................................................ .............................63 Chart 21: Factors Contributing to Premature Deaths in the United States .............. .............................63 List of Fiaures Figure 1: Population Change .................. Figure 2: Net Population Migration - Gallatin Counn• ............................................... ............................... 5 Figure 3: Net Population Migration - Park C: ounn ....................................................... ..............................6 Figure 4: Non -Stop Destinations from Bozeman: January 2000 ..................................................... .......51 Figure 5: Non -Stop Destinations from Bozeman: June 2012 .................................... .............................51 PROIM IAiA 13l tiim s,. N1 11%ORK 2012 ECONOMIC PRO[ 11+ Introduction I bee I' ommizic Profile of Giilliiti i and Park (.oiiiifies is researched, updated and published annually by Prospera Business Network as a detailed description of the regional economy. It should be noted that there can be a significant time lag in the collection and publication of some of the data sources referenced in this report. Some data relating to the economic changes in late 2011 has yet to be released. The 2012 f t-onolnic Profile gl'Gallufin and Pack. C.oilnl es provides a comprehensive description of the regional economy with an emphasis on population demographics, the cost of living, employment, and major industries. In instances where county and regional data is unavailable, statewide data has been provided. A companion publication, The Prospera 2012 Business Reloecttion and Resemyre Gnide, identifies resources for existing and relocating businesses for the Gallatin and Park County area. It can be found on the Prospera website at w,,v1w .ProsperaBusinessNetwork.org. About Prospera Business Network Prospera Business Network is a private, nonprofit, member - supported economic development organization in southwestern Montana. Originally established in 1985 as the Gallatin Development Corporation by a group of forward- thinking members of the business community devoted to the creation of a thriving local economy, Prospera plays a leading role in economic development and selves a region that is one of the fastest growing economic areas in the northern Rocky Mountains. Over the years, the organization has evolved with the business community it was created to serve. In its earl• years, the Gallatin Development Corporation focused on actively recruiting employers to the area. As the economy improved, the organization's focus shifted to supporting local entrepreneurs and companies with their growth and expansion initiatives, with the goal of creating high - paying jobs and diversifying the economy. At the end of 2006, the organization started doing business as Prospera Business Network to better reflect the organization's expanded regional focus beyond Gallatin County. Today, Prospera Business Network is one of the most comprehensive and collaborative economic development organizations in the area, with the mission to provide economic development programs and services throughout southwestern Montana. Prospera provides a wealth of resources and tools to business leaders and executives, and prides itself on the quality of its networking and mentoring programs. Prospera's goal is to support the continued economic expansion of the area and the overall growth and diversification of Montana's economy. Prospera is dedicated to encouraging and supporting business expansion, retention, and relocation by providing access to business consulting, financing, professional development, and economic research. For additional information, visit: w-,wow .ProsperaBusinessNetwork.orl; or call (406) 587 -3113. PRospu wk Bi sltiP,.s NP I1t ORS 2012 EwNowc PRUPII,I{ Overview Located in southwestern 'Montana, the Gallatin and Park County region is one of the fastest growing economic areas in the northern Rocky Mountains. It has a varied economic base, an educated workforce, thriving technology and manufacturing industries, a major research university, plentiful cultural and outdoor recreation amenities, and a scenic natural landscape at the doorstep of Yellowstone National Park. About Gallatin County Gallatin County, with its count}• seat in Bozeman, covers a land area of 2,603 square miles and has a population density of 35.1 people per square mile. Located in the Gallatin valley, Gallatin County is the most populated and fastest growing county in southwest Montana. According to the most recent population estimates from the U.S. Census bureau, since the year 2000 Gallatin County s• has the largest population increase in the state (34.7" 'o) and in 2011 overtook Flathead County to claim the third largest county population in the state, behind Yellowstone and Missoula Counties. Gallatin County is named for its prominent physical feature, the Gallatin River, which was named by Meriwether Lewis in 1805 in honor of :1lbert Gallatin, the Secretary of the `Treasury at the tune. The county was established in 1864. With its Rockv Mountain setting, it encompasses the Yellowstone National Park western entrance and is known for world -class downhill skiing at Big Sky Resort, Moonlight Basin and Bridget Bowl, blue ribbon trout streams, and a multitude of other outdoor activities. Nearly half of the land in the county is under public ownership by the Gallatin National Forest, State of Montana, Bureau of Land Management, or the National Park Service. Gallatin County- is large and diverse, with rich agricultural lands and a varied economy- of technology and manufacturing businesses. About Park County Park County- is located in central southwest Montana. With its county seat in Livingston, it covers a land area of 2,802 square miles ranging in elevation from 4,000 to 12,000 feet and has a population density of 5.5 people per square mile. Park County- is nestled between four mountain ranges and spans the beautiful Paradise and Shields `'alleys. The 2010 U.S. Census reports Park County is Montana's 12`x' most populated county in Montana. Park County was established in 1887 and named for its proximity to Yellowstone National Park. Because of its immediate access to Yellowstone through the northern entrance and the Yellowstone River flowing through it, Park County's economy is concentrated in tourism, recreation - related services, farming, mining, logging, and the arts. Park County has a rich ranching and railroad heritage and is known internationally for fly - fishing and hunting. ftowlx% B1 >imss Ni m mm 2012 Ec'oNo mic YRoi il.l According to 2011 U.S. Census Bureau population estimates, Gallatin County currentlN. has a population of 91,377, and its count• seat, Bozeman, has 38,025 residents ("fable 1). Park County's population is 15,469 and its count seat, Livingston, currently has 6,969 residents. The Census Bureau's intercensal and annual county population estimates show the continuing trend of population growth concentrated in northwestern and southwestern Montana (Figure 1). While the overall state population grew at a rate of 10.6 percent from 2000 to 2011, 30 Montana counties experienced declining populations over the same period (fable 1). Population increases occurred in 26 counties, with 13 counties growing faster than the state's growth rate. Most notably, only Gallatin (34.7 "o), Flathead (31.3°'x), and Broadwater (22.5')..,o) counties experienced growth rates greater than 16 percent (I'able 2). Table 1: Population Population Trends Area is Attractive to Parents Bloomberg Businessweek ranked Bozeman in the top 50 best places to raise kids in 2012. School test scores, median family income and community amenities were used as defining criteria. These attractive aspects are just some of the reasons behind why Bozeman ranked #3 among Forbes' fastest growing small towns in America in 2010, and placed again in the top 100 in 2011 . "nnv. BloombergBusinessweek.com vnnv. Forbes. com Location Montana 2005 2006 2007 2008 2009 2010 934,888 945,428 956,624 967,440 974,989 989,415 20111 998,199 Gallatin County 80,671 84,370 87,243 89,824 90,343 89,513 91,377 Belgrade 7,336 7,631 8,036 8,185 8,192 7,389 7,549 Big Sky 1.321 in 3000 (U.S. Ceasus Brurmr) 2,308 No 2011 data ararlable Bozeman 34,698 36,668 37,643 39,004 39,282 37,280 38,025 Manhattan 1,511 1,555 1,539 1,622 1,677 1,520 1,553 Three Forks 1,903 1,923 1,915 1,928 1,970 1,869 1,909 W.Yellowstone 1,260 1,281 1,433 1,511 1,502 1,271 1,298 Park County 15,750 15,845 16,072 16,189 15,941 I 15,636 15,469 Clyde Park Cooke City 343 342 346 347 342 288 286 140 in 2000 (C rnerw '.S. Comas B') 75 vrn arn "0 20i11 11 data Gardiner 851 in 2000 (17 S. Ceurus Brrreau) 875 No 2011 data available Livingston 7,062 7,131 7,253 1 7,409 7,380 7,044 6,969 Wilsall 23" in 3000 (I_' S. Ceusns Brrrean) 178 No 2011 data vrvilvble , nn-e: l_ s. Censrls Burma Population Uursron, Animal CstImates o11<errdent Popatalron Ukrge :: 7przl 1, 3U7U to fnlq 1, _'U77. Gallatin County- is the fastest growing county in the state, with its population increasing 34.7 percent since Census 2000 (fable 2). Over the same period, Park County lost population by 1.4 percent (Figure 1). Gallatin County is currently the third largest county in Montana while Park Count• is ranked 12th. PRO; I R \ BI �itii s Ni rm uRS 2012 EcUNOMIC PROI [LP Hopi -ever, if looking at short -term population growth between April 2010 and Jule 3011 Gallatin County's ranks eighth in the state, with a growth rate of 2.1 percent. Meanwhile, Park C:ountN- ranks 49 °i for the April 2010 to July 2011 period, with a decline of 1.10 o. 'These rates pale in comparison to population increases in eastern counties such as Musselshell County (3.3"o) and Garfield Counts (4.9 "o) where the agricultural sector and especially the energy sector weathered the recession fairly well and created desirable employment opportunities for new arrivals.' Table 2: Six Fastest Growina Montana Counties -) utezr. L—a. �-.esrnf D!fIralf I- OPma.,10H 1ltPlslon..—mmull r—sum res 0I Keorient I'oplemon CJJO/Ige.- Ap /7t 1, _'11 /0 toJ/!Iy 1, _011. rlgure i : ropulatlon Mange MONTANA - 2010 Census Results Percent Change in Population by County: 2000 to 2010 un<pin ciaue, moe wu W Lo—, Slane Palley NOOlNI Fbndera Frhr�lps ietOn ch-- R. I—d lake -Ao-� � �a.�atlo Flu, Garrkeb Oawwn _ is o!eum owel ew I Rr>,re Wb.. Meagher J MussNM+e!I Grange WnmUaM, _ Falcn Roaelsua c—, s!.er s, eel �w c:a :r Fark ♦r. .. a.•. B:g HO:n FOwtler R:. er Beaverheatlfw' carbon nl c'Iwnge ®•nhra is n - -- II Io 199 o. n99 IOO b•01 -1 -4w -101 i•ercsrtle 8. far slay. 9'•. United Stales Census Jollrce., U.J. CensIts BitIrml Nopslatim i irwon. _ Amyl Eslitsatei of Reddest Poptlalios (Ywls ge Wagner, Barbara. "Montana Employment Projections 2010 through 2020." Montana Research and .NrLtIvsis Bureau, Montana Department of Labor and Industn . PROSPrlt� B( sltii.,�sNI- :IVl Olt K 2012 ECONOMIC PROI 11.1 t `. 111 1 '- - . .- •. Gallatin 67,832 91,377 34.7% 1 Broadwater 4,385 5,752 31.3% 2 Flathead 74,471 91,301 22.5% 3 Yellowstone 129,348 150,069 16.0% 4 Lewis & Clark 1 55,716 64,318 15.4% 5 Missoula 1 95,799 110,138 15.0% 6 -) utezr. L—a. �-.esrnf D!fIralf I- OPma.,10H 1ltPlslon..—mmull r—sum res 0I Keorient I'oplemon CJJO/Ige.- Ap /7t 1, _'11 /0 toJ/!Iy 1, _011. rlgure i : ropulatlon Mange MONTANA - 2010 Census Results Percent Change in Population by County: 2000 to 2010 un<pin ciaue, moe wu W Lo—, Slane Palley NOOlNI Fbndera Frhr�lps ietOn ch-- R. I—d lake -Ao-� � �a.�atlo Flu, Garrkeb Oawwn _ is o!eum owel ew I Rr>,re Wb.. Meagher J MussNM+e!I Grange WnmUaM, _ Falcn Roaelsua c—, s!.er s, eel �w c:a :r Fark ♦r. .. a.•. B:g HO:n FOwtler R:. er Beaverheatlfw' carbon nl c'Iwnge ®•nhra is n - -- II Io 199 o. n99 IOO b•01 -1 -4w -101 i•ercsrtle 8. far slay. 9'•. United Stales Census Jollrce., U.J. CensIts BitIrml Nopslatim i irwon. _ Amyl Eslitsatei of Reddest Poptlalios (Ywls ge Wagner, Barbara. "Montana Employment Projections 2010 through 2020." Montana Research and .NrLtIvsis Bureau, Montana Department of Labor and Industn . PROSPrlt� B( sltii.,�sNI- :IVl Olt K 2012 ECONOMIC PROI 11.1 t Gallatin County has grown by roughly 11 percent between 2005 and 2010. Gallatin County, Montana Population (2005): 80,671 Population (2010): 89,513 The pattern of population migration can be seen in Figure 2. In 2010 the inbound income per capita was estimated to be 523,600 while the outbound income per capita was roughly 517,600. The non - migrant income per capita came in at 526,000.' Fgure z: iAeT ropuianon (vugraTlon — v0110nn ,-ou Inbound migration Outbound rmorabon A; 4,; 1 Source: u'ttttt 1, oii iestroniJspeirvlrrporY/2011 /rni rrdiou.Gtin/. s,a00 3,200 2005 2006 200 2005 2009 2010 '-Source: http: / /,.x1sxv.forbes.com /special- report /'2()11 /tiigrition.html PIU11�1'1 RA Iii ,i`i ,s Nit ntuuK 2012 E(:ONoNnc Pfm[ 11.v Conversely in Park Count-, there was a net decline for the same period of less than 1 percent. Park Count-, Montana Population (2005): 155,750 Population (2010): 15,636 The pattern of population migration for Park County can be seen in Figure 3. In 2010 the inbound income per capita was estimated to be 522,800 while the outbound income per capita was roughly $ 19,300. The non - migrant income per capita came in at 522,000.' rIqure J: Net Noqulation Migration — Park Lou Inbound migration 1,200 Outbound migration - 600 !s 2005 2006 2007 2008 2009 2010 �anr•r: mrvitetniv�� .e.,nin /.�periahrpur! /:017 /ort�R�ttuu.bliir /. Puo,;m it.\ Bi simas Ni 1A\ 0RK 2012 Eccwomic 1'itta u.r Chart 1: Actual and Proiected Countv Populations R�Ht tittii:as Ni Mtnts 2012 I'.cx>VUN Soma. 2000 and 2010 .- htnolpopnlvlion; 2015- 2030 popidstioo pt- jediouSpwiesced Gy the .11outana DePmtinent of Colnure�re Censlu vnd Eiviiomn fqj nwa ion Cooler. According to the Montana Department of Commerce Census and Economic Information Center, t over the next two decades, the projected percent change in Gallatin County population is roughly 53 percent, which would increase the population to nearly 137,000 residents (Chart 1). Park County, is expected to grow at a more moderate 29 percent for the same period. Since 2004, Bozeman has been the fourth largest city in Montana (Table 3). Table 3: Pooulation Rankina Billings Actual and Projected County 11 101,778 11: 103,994 119 105,845 Populations 136,970 126.590 Missoula 2000 2010 2015 2020 2025 2030 130,000 66,788 67,290 67,832 3 58,536 58,779 15,694 1 15,636 1 17,420 18,260 1 110,000 Bozeman 4 36,668 37,643 39,004 39,282 37,280 38,025 Butte 0 90,000 31,957 31,919 32,119 -*-Gallatin County 33,525 33,704 Helena 6 28,045 28,713 29,351 29,939 28,190 =imPark County tZ 70,000 7 19,332 20,292 21,182 0 19,927 20,008 50,000 30,000 10,000 R�Ht tittii:as Ni Mtnts 2012 I'.cx>VUN Soma. 2000 and 2010 .- htnolpopnlvlion; 2015- 2030 popidstioo pt- jediouSpwiesced Gy the .11outana DePmtinent of Colnure�re Censlu vnd Eiviiomn fqj nwa ion Cooler. According to the Montana Department of Commerce Census and Economic Information Center, t over the next two decades, the projected percent change in Gallatin County population is roughly 53 percent, which would increase the population to nearly 137,000 residents (Chart 1). Park County, is expected to grow at a more moderate 29 percent for the same period. Since 2004, Bozeman has been the fourth largest city in Montana (Table 3). Table 3: Pooulation Rankina Billings '• 1 106 100,141 11 101,778 11: 103,994 119 105,845 2010 104,170 136,970 126.590 Missoula 2 116,130 7 67,141 68,202 89,513 66,788 67,290 67,832 3 58,536 58,779 15,694 1 15,636 1 17,420 18,260 1 19,150 20,110 Bozeman 4 36,668 37,643 39,004 39,282 Soma. 2000 and 2010 .- htnolpopnlvlion; 2015- 2030 popidstioo pt- jediouSpwiesced Gy the .11outana DePmtinent of Colnure�re Censlu vnd Eiviiomn fqj nwa ion Cooler. According to the Montana Department of Commerce Census and Economic Information Center, t over the next two decades, the projected percent change in Gallatin County population is roughly 53 percent, which would increase the population to nearly 137,000 residents (Chart 1). Park County, is expected to grow at a more moderate 29 percent for the same period. Since 2004, Bozeman has been the fourth largest city in Montana (Table 3). Table 3: Pooulation Rankina Billings '• 1 106 100,141 11 101,778 11: 103,994 119 105,845 2010 104,170 1 105,636 Missoula 2 65,885 67,141 68,202 68,876 66,788 67,290 Great Falls 3 58,536 58,779 59,251 59,366 58,505 58,950 Bozeman 4 36,668 37,643 39,004 39,282 37,280 38,025 Butte 5 31,957 31,919 32,119 32,268 33,525 33,704 Helena 6 28,045 28,713 29,351 29,939 28,190 28,592 Kalispell 7 19,332 20,292 21,182 21,640 19,927 20,008 Sonar.- U.S. Ceosns Bmrnn Popalatiolr Di isioll, . Illlln[!l Estimates of Resident Popnlatioo Charge.- 1pol 1, 2010 to ji /4 1.2011. tx: Ptttnn.t The nation as a whole saw an increase in the median age from 36.5 to 37.2 between 2010 and 2011: of note was an increase in the 65 and over group by over 2.2 million, accompanied be a decrease of 650 thousand in the Under 5 Years group. (2011 state, county, and city median age data was not available at the time of this report.) In terms of statewide median age rankings by county as of the 2010 census, Park County was 31'' while Gallatin Count- was 53 ". Prairie County ranked first in the state, with a median age of 53.6 years. Overall, the median age in Gallatin Count• — and Bozeman in particular — is lower than the surrounding areas (Table 4), largely due to the presence of the university. Demographics Bozeman: Outdoor Enthusiast Mecca Livability ranked Bozeman as one of the top three winter towns in the nation in both 2011 and 2012. Proximity of outdoor recreation opportunities and overall winter livability considering factors like snow clearing were among criteria selection. Additionally, Bozeman took second place in the top five greatest college towns for winter enthusiasts according to U.S. News & World Report in 201 1 . www. livability. con) www.USNews.com i aoie 4: H e uemo ra nics Location United States* Median Age 37.2 Under 5 Years 20,201,362 18 and Over 234,564,071 65 and Ovel 40,267,984 Montana 39.8 62,423 765,852 146,742 Gallatin County 32.5 5,741 70,780 8,470 I Belgrade 30.8 751 5,354 421 Big Sky 35.0 128 1,951 175 Bozeman Manhattan Three Forks West Yellowstone 27.2 41.2 40.8 39.4 2,054 100 126 74 820 17 3 31,433 1 128 1,406 1,005 3,012 231 296 107 2,589 43 13 97 Park County 45.4 12,550 Clyde Park Cooke City 45.8 40.8 227 67 740 Gardiner 47.1 25 Livingston 41.1 458 5,564 1,143 Wilsall 55.2 6 156 43 Souse,' L.S. Census Bitirall, 2010 Census, * U.S. Census Blurun:.Sklte and Cmwt�� �iai�•k,Fu�•tr, fnne �n1 �. As seen in Table 5, both Park and Gallatin Counties are less ethnically diverse than the state, most notably because there are much fewer people of American Indian decent living in the two counties. However, in the state and in the two counties there was a small increase in diversit• of roughly 0.1 percent for most non -white categories, with a simultaneous decrease in White Non - Hispanics of approximately 2 percent between 2010 and 2011. Yet, the White Non - Hispanic population in ;Montana remains 15.1 percent above the White Non - Hispanic proportion for the United States as a whole. Puo( iI PN:\ Rc ,rvc-:cti Ni. 1AX OR < 2012 Eco\o iic Pimi n r Table 5: Ethnicity • . a White Non - Hispanic United States 72.4% Montana 87.5% Park County 94.8% Gallatin County 92.9% Black 12.6% .5% .2% .5% Hispanic or Latino (of any race) 16.3% 3.1% 2.3% 2.9% American Indian & Alaskan Native .9% 6.4% 1.0% 1.0% Two or more races 2.9% 2.4% 1.6% 1.7% Sorme: U.S. figmes• U.S. Census Bureau, 2010 Census; .Uowtawa E Comity Figurer: U.S. Cauns Bime w.State E Comai Quid --.Fa tc, fnwe 2012. Table 6 demonstrates that Gallatin County's median household and median family income is considerably higher than Montana's overall numbers, but fairly consistent with the rest of the country. Median incomes in Gallatin Count- increased since last rear's report by approximately 2 percent. Gallatin County as a whole shows that both individuals below poverty level and families below poverty level are slightly lower than the national average. Bozeman, as the largest community in the county, also bears the highest percentage of individuals living below poverty level, while `Nest Yellowstone has the highest percentage of families who live below the poverty level. Park County and its cities, for the most part, have lower median incomes than the national average. County wide the personal per capita income is slightly higher than Montana as a whole, and has increased since the last reporting period by approximately 6 percent. Poverty levels for individuals are slightly lower, with the family poverty level 2.4 percent less than last year. Wilsall experiences the greatest impacts as a community with more individuals and families on average living below the poverty level than the rest of the state or nation. Table 6: Income Levels Sonne: [ r..S. G'ensns Bmean, 2006-2010 Ameria w Cemwmrity Swa-ey; hn ome frgmec are iw 2010 dollars. A# ruimbers bare beew iw%lation adjtnted. ,Vote that Per Cap m, Personal Income measures 1he income o% all people, in ludiwg the wweiwp1ged. For arenge wages eanred br enviloyed rsidente, please see Table 1 PROSPEe.tB1sitirs,,NrMORK 20121 :0)N N11CPROI11.1. ---M-Pe-dild"n Median Per Capita All People Below Families Below Location Household Family Personal Poverty Level Poverty Level United States $51,914 $62,982 $27,334 13.8% 10.1% Montana $43,872 $55,725 $23,836 14.5% 9.7% Gallatin County $50,136 $65,029 $27,423 13.5% 7.4% Belgrade $45,413 $51,943 $20,950 12.4% 7.8% Big Sky $49,850 $81,538 $30,146 5.4% 2.7% Bozeman $42,218 $59,683 $26,038 20.9% 10.8% Manhattan $52,350 $63,359 $23,877 9.4% 5.3% Three Forks $37,262 $49,444 $21,423 8.3% 4.8% West Yellowstone $40,813 $61,406 $25,574 18.4% 16.0% Park County $38,830 $50,252 $24,717 13.6% 7.7% Clyde Park $43,068 $55,000 $17,748 12.4% 4.7% Cooke City $65,278 $65,556 $38,664 0.0% 0.0% Gardiner $49,306 $64,306 _ .... .... .._._ ....... . $28,273 2.6% 0.0% Livingston $33,937 $42,188 $22,610 12.7% 9.0% Wilsall $28,000 $35,000 $21,275 I 19.6% 16.1% Sonne: [ r..S. G'ensns Bmean, 2006-2010 Ameria w Cemwmrity Swa-ey; hn ome frgmec are iw 2010 dollars. A# ruimbers bare beew iw%lation adjtnted. ,Vote that Per Cap m, Personal Income measures 1he income o% all people, in ludiwg the wweiwp1ged. For arenge wages eanred br enviloyed rsidente, please see Table 1 PROSPEe.tB1sitirs,,NrMORK 20121 :0)N N11CPROI11.1. Montana's residents have typically- attained a higher level of both secondary and post - secondary- education than the rest of the nation for high school or above levels and attained identical levels for those earning a baccalaureate or more (Table 7). Both the state and counties have seen a slight increase since the last report for individuals attaiiung the respective levels of education. Both counties outpace national averages for education attainment for high school graduates and above; the averages are closely correlated not only to strong area school systems, but also to Montana State University's influence on the area. Table 7: Level of Educational Attainment Achieving Academic Excellence Great Schools.net rated the majority of Bozeman Public Schools with scores of an 8 or higher out of 10, using criteria including standardized test scores and national scoring. Additionally, Bozeman elementary school students scored higher than Montana state averages on the statewide CRT test, and Bozeman students, K -12, exceeded state averages in science. m~. GreatSchools. net United States 85.0% 27.9% Montana 91.0% 27.9% Gallatin County ; 96.0% 45.0% Belgrade 98.2% 30.5% Big Sky 100.0% 55.2% Bozeman 97.2% 51.1% Manhattan 87.3% 32.6% Three Forks 92.8% 16.8% West Yellowstone 96.2% 31.8% Park County -�- 89.4% 31.4% Clyde Park 85.5% 26.0% Cooke City 100.0% 30.4% Gardiner 96.6% 43.1% Livingston 88.2% 29.4% Wilsall 77.4% 31.5% Somre. US. Owns Bureau. _'0O( -°010 American C.owwllnit - Smrg. 'fable 8 shows that 60 percent of the houses in Gallatin County are owner- occupied while the remaining 14,265 are rented. Park County-'s owner - occupied houses account for more than 67 percent. Gallatin County residents' housing costs are fairly consistent compared to the nation's averages for renters, mortgaged and non - mortgaged owners, while Park County is slightly less in comparison. Overall, lNlontana's housing costs for owning or renting a home are lower than the national average. Pitosi,i..it *, BI sINI-.Ns Ni: M ORK 2012 EcoNI) m: PRt)I4u Table 8: Housina Occupancv Data Owner- Occupied Housing Units 75,986,074 278,418 2,372 Renter- Occupied Housing Units 40,730,218 131,189 48.4% Median Monthly Housing Costs for $841 $629 2.35 Renter - Occupied Housing Units* 49.2% 13.6% 29.7% Median Monthly Housing Costs for $1,524 $1,220 47.8% Mortgaged Owners* 27.3% Belgrade 2.49 Median Monthly Housing Costs for $431 $364 26.8% Non - Mortgaged Owners* 2.14 2.70 44% Samar: C.S. Ceusnr BIIIvei//. 2010 Ceiim_s. * L'..5. Cen Its Bmran. 200( -'010: IvePlf71 /1 Convnuult)! Snrr'a)•. 22,285 4,938 14,265 2,372 $807 $620 $1,506 $446 $1,230 $364 According to the U.S. Census Bureau's American Community Suii-ey, the nation's a- verage household size is 2.58 people and the average family size is 3.14. Both Gallatin and Park Counties are slightly lower than those averages. However, both counties show in Table 9 that the average number of people living alone is slightly higher than the United States. Table 9: Households and Families Location Household . nd Families Average Average Married - couple Other Household Family Size Families Families Size Householder Living Alone United States 2.58 3.14 48.4% 18% 26.7% Montana 2.35 2.91 49.2% 13.6% 29.7% Gallatin County 2.36 2.90 47.8% 10.4% 27.3% Belgrade 2.49 3.07 48.4% 14.9% 26.8% Big Sky 2.14 2.70 44% 5.3% 31.9% Bozeman 2.17 2.80 33.1% 10.6% 33.5% Manhattan 2.40 3.02 54.3% 10.8% 29.6% Three Forks 2.37 2.90 51.2% 15.2% 28.4% West Yellowstone 2.06 2.86 34.7% 9.6% 42.1% Park County 2.12 2.75 46.7% 10.4% 35.7% Clyde Park 2.12 2.79 47.8% 11.0% 36.0% Cooke City 1.67 2.53 37.8% 0% 53.3% Gardiner 1.88 2.60 36.1% 7.4% 44.8% Livingston 2.07 2.81 39.2% 12.8% 40.4% Wilsall 1.98 2.55 53.3% 3.4% 33.3% Sonrw: II..S. Cearur Bmrau. 2010 Census. PttoSPt{It% Bt NI: MORK 2012 HCONOSUC Prturu r Migration .-according to the U.S. Census Bureau data, lNIontana experienced a considerable amount of net migration into the state with a total net migration increase of 44 percent since reporting 2009 figures last year. As seen in Chart 2, net migration figures for 2010 were remarkably lower than 2009 or 2011 in most areas. Gallatin County experienced a positive net migration this rear in comparison to last year's figures, while Park County experienced a loss of residents, but less than those reported for 2009. Of the counties observed below between 2009 and 2011, Gallatin Count- experienced the most net migration of the group for the first time in 2011, and did so by a considerable margin (Chart 2). Table 10: Population Chanqe County Natural Increase Births Deaths International Domestic Net Migration (Births less deaths)-- i _ Migration Migration Montana 3,282 11,911 8,629 387 3578 3,965 - Cascade 438 1,154 716 29 -133 -104 Flathead 351 1,085 734 14 j 74 88 Gallatin 585 1,083 498 84 1,081 1,165 Lewis & Clark 222 f 775 _ 553 _ 21 468 489 204 264 Missoula 433 1,177 744 60 Park 1 -1 151 152 4 -122 -118 _Yellowstone 646 1,929 1 1283 54 920 — 974 So /ate: US Depmtraent of Commene. Comas Barean Pop/rlation Ditision. Compiled b _ Alontana Dcpwrineia of Commene Census and Eeam / /r!c' lafo ma ion Center I.nari z: iN4et ivugration in Montana zuuy -LU I Net Migration in Montana 4,000 - — 3,500 - -- 3,000 _- 2,500 - -- - 2,000 - - 1,500 _ 2009 1,000 2010 500 2011 0 -500 a yo Qaj �o�e. Jet\ Sonne. LS D�pa/timnt of Co/mnene. Census Bureau Population Dinrsioa. Compiled Gp .11ontana Depaitmeut of Commene Census and Erono/ni, 110imat /on Center. PR01,111:R A 13c sis;t:ss Nr nxoi K 2012 E(.oN'(),,ilc; Pwi-iu 12 Cost of Living Area cost of living can be measured by two distinct indexes, the Cost of Living Index' and the Consumer Price Index. The cost of living in Gallatin County continues to be above the national average by both measures and is slightly higher than other cities in the state. Cost of Living Index The Cost of Living Index is a comparison study of over 300 urban areas around the nation. Three times each year, participating organizations collect data within their respective cities on consumer goods, services, housing, transportation, utilities, and healthcare. Formerly known as ACCR. -k, the index is compiled and published by the Council for Community and Economic Research (C2ER), a national organization of community and economic development research professionals. The study is intended to provide a measure of living cost differences among urban areas for a mid - management standard of living. The Cost of Living Index is based on five assessments including groceries, housing, utilities, transportation, healthcare and miscellaneous goods and services. The national average composite index is set at 100; therefore the index conveys relative price levels at a specific point in time and the index score can be seen as a percentage of the average for all places. The Index does not measure inflation, or price change over time. Prospera Business Network gathers and records cost of living data for the city of Bozeman. Bozeman Cost of Living Since Prospera began tracking local cost of living data in 2006, Bozeman's living costs have only fallen below the national average twice. The most recent drop occurred in the thud quarter of 2011, when housing and utility costs were running below the national averages. Aside from that quarter, the cost of living has wavered between 0.4 and 4.3 percent above national averages (Chart 3). The most recent quarter's Cost of hiring Index shows Bozeman's cost of living at nearly four percent above the national average (Chart 2), trending upward as housing prices begin to rise again. C2ER, The Council for Contnunit}- and Fconor is Research, Cost of Living Index Report. ttlr \v.coli.org/ PROIAlF A BI sim.ss N l \C ORK 2012 1• coNON11C PROH1,1h I ; Chart 3: Cost of Living for- Bozeman Bozeman Cost of Living Quarterly Composite Scores 106 105 104 -a 103 C 102 101 0 t 100 0 V 99 98 Q1, Q2, Q3, Q1, Q2, Q3, Q1, Q2, 2010 2010 2010 2011 2011 2011 2012 2012 Sourre: ( 2ER Cost of I iris {g bidet. Qaaderly Reports. Please cote that the Coat o1 liriug Inds -• does mot measure imflaliou. or price ehauge overtime. &)thee the Inde ,\• mieasiues lie relative east of brilig in RmZfm1am as ft roimpares to the olheratras stmdled in lllal pajAitlargllallen This most recent quarter's increase is traced to the increase in housing costs, both in the sale prices of homes and in rental prices (Table 11). 'Phis quarter they came in almost 6 percent higher than national averages; when looking at the last three rears, housing costs were rarely less than 8 percent above U.S. averages and sometimes swelled to 20 percent higher than national averages. Table 1 1: Bozeman Cost of Livina Index Scores Quarter Year Composite Grocery Housing Utilities Transportation Health Goods & / Services 1/2011 104.3 112.3 102.9 94.7 96.9 100.8 108.0 2/2011 101.2 112.7 9 4. 2 91.5 96.4 100.5 107.2 3/2011 99.6 109.4 92.1 92.2 97.5 99.8 105.2 2011 Average 101.7 111.1 96.5 92.8 97.0 100.8 106.9 1/2012 102.0 111.7 100.7 90.1 92.2 100.7 106.5 2/2012 103.8 111.2 106.1 I 93.4 94.5 100.4 105.6 2012 _ _. i -_ Average 102.9 111.5 103.4 1 91.8 93.35 100.6 106.1 _ -_.. - - - . - -- ��ote. �Nnmeloms items air welmded in the fntns area aitgo ies. mae i )#w nation is orailahle at rvIurv.toli.org/ or h) toututYiug I'rospenl at SS 3113. The CatLgaor7el ahore enr rverghted to tomplle the Comlposlle S(orr, and the we(ghts ass7gned rat )' s igl)Ily eat -1) (Illaaen For 21112 02 the weigh /nrg was: Grorer)-13.3000, Ilousiq- 23.64'o, Clilities- 10.-1(0o. Transpor7ation- 10. 660o. Health Core- l.44'o. Goods & .Serri<rs-3'44o'o. PROSPERA H1 sjNi ;ss Nr:1'%Xt)Rx 2012 EcoNowc ftoun.t I 1 In Montana, Bozeman and Kalispell are the only two cities that currently participate in the Cost of Living Index program. I- however, as seen in Chart 4, Missoula did participate until 2011 and had index scores similar to Bozeman's. As of Quarter 2 of 2012, Bozeman is the only participating Montana city that is above the national composite score of 100, at 3.8 percent abo�-e, while Kalispell is slightly below at 96.4 (Table 12). Both cities were noticeably above the national average in groceries, which can be attributed in part to the rising costs of fuel. It is anticipated that grocer costs will continue to rise in coming quarters as impacts from this rear's drought become apparent. While the composite scores for Kalispell have been lower than Bozeman's, Kalispell's health care costs continue to be higher than Bozeman's. TnhIP 12 Cast of Livina Index Comoarison: Bozeman & Kalisoell SomtP C21:1K Cost o/ Lleing I ndet•. Qnmteltp Kepods. Please note that the Cost o/ Limq hide. does not ineasuir igl1a on. or piyee dvqe over time. J3dther the bidex oveaslirni the relatim coil of hriga in B&1elwan as it i ompairs to the Dther areas sttn/!ed in that pal t t-Illar gleader Chart 4: Regional Cost of Living Comparison Regional Cost of Living Comparison Historical Composite Scores 110 - — - 105 - -- 0 -0-Bozeman, MT X 1 CU 100 _ Missoula, MT C a" b,Q - ,Kalispell, MT 95 -M-Grand Junction, CO 0 N --I-Idaho Falls, ID c° 90 NO -49- Cheyenne, WY 85 -- 2004 2005 2006 2007 2008 2009 2010 2011 S'omre: C2 E K Cost of Elting Lufe.v. ��uaiYerli' Reports. Please ante that the Cost of Liwug 1 udet times not urevsnre hif /atiar, &r piii e rbm {qe over tune. Kalher the Inale,, meawars the relatire cost of firing in au enra els it a ompairs to the other areas studied in that padiadar granter: PItoSYI•.R.% 131 ti1tiF:Sti Ni I1toRK 2012 hc/>tiokiic PRmu.4 I i '. .. . -- City Composite Groceries Housing Utilities Transportation Health Goods & Services Bozeman 103.8 111.2 106.1 93.4 94.5 100.4 105.6 Kalispell 96.4 106.8 85.2 96.7 1 99.7 107.7 99.5 SomtP C21:1K Cost o/ Lleing I ndet•. Qnmteltp Kepods. Please note that the Cost o/ Limq hide. does not ineasuir igl1a on. or piyee dvqe over time. J3dther the bidex oveaslirni the relatim coil of hriga in B&1elwan as it i ompairs to the Dther areas sttn/!ed in that pal t t-Illar gleader Chart 4: Regional Cost of Living Comparison Regional Cost of Living Comparison Historical Composite Scores 110 - — - 105 - -- 0 -0-Bozeman, MT X 1 CU 100 _ Missoula, MT C a" b,Q - ,Kalispell, MT 95 -M-Grand Junction, CO 0 N --I-Idaho Falls, ID c° 90 NO -49- Cheyenne, WY 85 -- 2004 2005 2006 2007 2008 2009 2010 2011 S'omre: C2 E K Cost of Elting Lufe.v. ��uaiYerli' Reports. Please ante that the Cost of Liwug 1 udet times not urevsnre hif /atiar, &r piii e rbm {qe over tune. Kalher the Inale,, meawars the relatire cost of firing in au enra els it a ompairs to the other areas studied in that padiadar granter: PItoSYI•.R.% 131 ti1tiF:Sti Ni I1toRK 2012 hc/>tiokiic PRmu.4 I i Consumer Price Index The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market range of goods and services.' The CPI differs from the Cost of Living Index in that it is intended to measure inflation and is derived from detailed expenditure information provided by families and individuals on items they actually purchased, whereas the Cost of hiring Index measures relative prices at particular points in time and is based on current prices available at that time to consumers. also, the CPI encompasses regions, and only details information on some major metro areas. 'llie charts below indicate the CPI for urban areas in the western region of the U.S. This area includes Montana, Wyoming, Colorado, New itiiexico, Arizona, Ptah, Idaho, Washington, Oregon, Nevada, California, Alaska, and Hawaii. The average index baseline was set at 100 between 1982 and 1984 and subsequent CPI numbers indicate price changes since that period. Chart 5: Consumer Price Index - Western Region 234.5 232.5 230.5 228.5 226.5 224.5 222.5 220.5 218.5 July 2011 - June 2012 Consumer Price Index Western Region Jul -11 Aug-11 Sep -11 Ort -11 P1av -I1 Dec -11 Jan -12 Feb -12 Mar -12 Apr -12 May- 12 1un -12 Sovn -e: C .S. Depwt!Jleitl of l advl;. Bni-ean of Libor Stalislus. 2012 data. Chart b: Historical Average Consumer Price Index Historical Average 300 Consumer Price Index 275 - -- 250 Western Region 225 - --H-U.S. City Average 200 175 150 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Soali-e: C.S. Depmti»eid of Labor; Bmpaa of L.abor.Vtali Ms. 2012 data. U.S. Departhnew of Labor, Bureau of Labor Statistics. -,,-vAv.bls.go -,• /cpi/ PRosi,i;R.4 Bt sim..ss Nr• INN ORR 2012 1'.CUV(lmw PRO1 :11.l•. Gallatin and Park Counties have a diverse economy comprised of such industries as manufacturing, construction, government, healthcare, technology, retail, service, agriculture, and tourism. In the past few }ears, their businesses have weathered a historic recession, yet remained optimistic. A recent report from the U.S. Chamber of Commerce stated, "People come from all over the world to enjoy the Treasure State's big skies, wide -open spaces, and outdoor recreational opportunities." In 2010, the U.S. Chamber's report ranked Montana at number one for top entrepreneurship and innovation performers and at number 10 in its list of top overall growth performers.' 2012 Economic Strength Rankings The Economy Montana Defies the "New Normal" Since the financial panic of 2008, "the new normal" has become the phrase of choice to depict the future of the American economy. But not everyone, or every state, accepts the notion of inevitable, slow growth and gradual decline. From the onset of the recession, some states have largely avoided ' the downturn. By the end of 2011, six states — North Dakota, Wyoming, Alaska, Utah, Texas and Montana — showed more than 8 percent job growth over the past decade. According to an Innovate Montana economic development report, Montana has the following report card: According to POLICOi✓I, "Economic strength is - 2'' best economic performance the long term tendency for an area to according to the 2010 ALEC - Laffer State consistently grow in both size and quality." Economic Competitiveness Index POLICOTNI Corporation is an independent - 2% below the national average economic research firm which specializes in unemployment rate at 6.1 % analyzing local and state economies. From its - 8 "� fastest growing economy in the US research, it determines if an economy is growing or over the last three years, with 65 percent declining, what is causing this to happen, and growth over the last 10 years (gross state publishes annual economic strength rankings. The product) economic strength rankings are created to study the characteristics of strong and weak economies (Table v,nnv.USChomber.com 13). The highest ranked areas have had rapid, "nvw.innovatemontana.com consistent growth in both size and quality for an extended period of time. The lowest ranked areas have been in volatile decline for an extended period of time. POLICONI's reports are available online at www.policom.com. The Office of Management and Budget (ONIB), as a result of the 2000 census, created new definitions for the Metropolitan Statistical Areas and established the Micropolitan Statistical Areas. Once looked upon as quasi -rural areas, a Nficropolitan Statistical Area must have an urbanized area (city) with a population of at least 10,000 but fewer than 50,000. The OMB has identified 576 micropolitan areas in the United States. The highest ranked areas (indicated by lower numbers) have had rapid, consistent growth in both size and quality for an extended period of time. The lowest ranked areas (indicated by higher numbers) have been in decline for an extended period of time. U.S. Chamber of Commerce, "Enterprising States: Creating lobs, Economic Development, and Prosperity- in Challenging Times." http: / /w�.Av.tischamber.com/ sites /default /files /reports /Enterprising- States - 2012- ,,veb.pdf and http: / /w,v-\v. uscli.iniber.com / sites / default / files/ reports/ Ftiterprising- States- final.pdf PttosPr: x k lit sty r:ss tvr• t1N oe K 2012 Ficovt wrn: Pkurn.t: I - There are fire micropolitan areas in Montana. Bozeman is the only tnicropolitan communih- in Gallatin and Park Counties. As seen below, four out of the fire areas in Montana have been in the top 100 since 2008. For the past eight rears, Bozeman's economic strength rating has remained fairl- consistent and has alwa }-s been in the top 10. Simply identifying the areas that have the fastest or siowest growth rates is insufficient when trying to determine the character of the local economy. We are more concerned with the stability and consistency- of that growth over a period of time. Bozeman's economy has shown remarkable resiliency as a result of the stable, consistent growth patterns that POI.ICONI has tracked. Table 13: Micronoliton Fconnmic Strength Rnnkinnc (Ciit of ri7f,1 N n o n =11 `- o 183 186 173 159 1 105 83 51 62 Bozeman 9 10 8 8 6 7 7 9 Butte - Silver Bow 286 191 123 67 51 27 17 25 Havre 541 478 440 421 391 306 284 264 Helena 14 7 23 13 9 6 2 2 Kalispell 134 103 63 51 26 35 45 87 :'according to the ONIB, Metropolitan Statistical Areas have at least one urbanized area with a population of 50,000 minimum, plus surrounding counties which, "Hare a high de ree of social tend economic hagratim with the core as measrard G;y eolvmuthi tied. " The OMB has identified 366 metropolitan areas in the United States. Currently, ;Montana has three metropolitan areas: Great Falls, Missoula and Billings, with rankings shown below in Table 14. Table 14: Metropolitan Economic Strength Rankinas (Out of 366 Billings 183 186 173 159 1 105 83 51 62 Great Falls 289 308 270 239 216 202 173 123 Missoula 85 106 130 118 96 74 91 119 Shane. Nosi,jtit.l Bt Ni- r%N oRR 2012 $coNomic PRm ii+ I.y Gross Domestic Product According to Raymond J. Keating, chief economist for the Small Business and Entrepreneurship Council, the real Gross Domestic Product (GDP) for the United States should be growing at roughly 4.5 percent per year. However, during the second quarter of this year we grew by less than 2 percent as a nation. In 2011 North Dakota was the top growing state in the nation with an estimated rate of growth of 7.6 percent, largely due to energy- production. ltiontana's GDP remained flat and is ranked 45"' overall. The neighboring states of Colorado, Idaho, Utah and South Dakota experienced GDP growth in the past year ranging from 0.6 to 2.0 percent. Only one state in our region suffered declining numbers between 2010 and 2011: Wyoming came in at -1.2 percent. Table 15: Real GDP by State State Ranks Highly by Many Measures. The indicators below formed Montana's overall rank in the U.S. Chamber's 2012 Enterprising States report: 2 " Export Intensity Growth 3 "' Export Growth 3" Road Quality 6" Academic R &D Intensity 6" Higher -ed Efficiency 7'" Per Capita Income Growth 8 "' Business Tax Climate 8" Long -term Job Growth 10'" STEM Job Growth 10 "' Bridge Quality 16 "1 College Affordability 16" Gross State Product Growth 18 "' Entrepreneurial Activity 20` Tax Environment for Mature Firms 21 Growth in Share of National Exports 22 Educational Attainment 23" Tax Environment for New Firms 24 "' Business Birth Rate mvw. USchamberxom ' -. K91 51 a TO= . - ��• Millions of Dollars Percent Change Chain Weighted Quantity Index Location 2009 2010 2011* 2008- 2009- 2010- Rank" 2009 2.010 2011* United States 12,527,057 12,918,931 13,108,674 1 -3.8 3.1 1.5 Rocky Mountain Region (excluding 439,191 451,477 457,915 -0.4 1.4 1.4 - - -- North and i South Dakota) Colorado 224,593 _ 229,928 _234,308 -2.77 2.4 _ 1.9 f 15 �- Idaho 49,299 51,154 31,985 51,463 -4.0 3.8 0.6 34 Montana 31,067 31,983 -2.8 2.9 0.0 45 North Dakota 29,209 31,833 34,262 2.0 8.9 7.6--1 _ 1 34,443 -0.6 0.2 South Dakota 34,097 34,175 0.8 32 Utah 101,849 106,166 108,329 -1.9 4.2 2.0 8 Wyoming .._... . .... 32, 088.....__..-- --31,919 _.........._...31,542 _ J. 2.29 -0.5 51. I9i -2010. Sox-re: L'.s. 13 11IYU /! NP/1' HffilwateJ fOi- 011 and Reiice(I L.vrily rte.v for EstUnate. " KJ!/. nig is G)' pen -ew e%hnlge. kaol b #gbest to Iowa. and ntdndes SD stater pl//s the Distua gl'Colmnbnt. PROS11FRA lit aim ss (Vh M oltk 2012 ECONOMIC PROI n.r lv Cost of Doing Business The Small Business & Entrepreneurship Council State Encourages Businesses (SBl,' Council), a national nonpartisan, nonprofit "Business start rates and other measures small business advocacy group, regularly releases of entrepreneurial activity have remained annual rankings of public policy climates for small above national average in the state over business and entrepreneurship for each state the past decade... Montana has known as the "Small Business Survival Index." streamlined and shortened permitting and The 2011 Index has been expanded to corer 44 regulatory process in order to ease major government- imposed or government- related barriers to access for new and expanding costs affecting small businesses and entrepreneurs. businesses. The state has organized its The Index also analvzes an assortment of taxes business licensing operations around a and measures that reflect various regulatory costs.' "One- Stop" mode/...easing the burden on businesses. .-According to SBE Council Chief Economist Enterprising States Report Raymond S. Keating, `7f serial /,, abold revilcrlitiing w"nv.USchamber.com economic grow1b. and along witli it income and job growth, lbcn policies nllldl be fOt7 /,ItCd on r'erllOPrtl goienilvenled banie'ry to the tree egines of economy Jrowth, which are entmpreneur,,hip, prilalte itmestment, and nlai*el competition... In essence _the Small Business Survival In dev is a companitive measr/lr of economic• incenthvs relating to gol�ernment policies: the lomer the ",Small Business S11171ivcll Inlet• "number, lbe greater the incentives to incest and take risks 111 Mat particular slate. " ' In terms of policy settings, the most entrepreneur - friendly states of our region (with rankings in parentheses), according to the SBSI are: South Dakota (1), North Dakota (13), Wyoming (4), Washington (11), and Colorado (9). In contrast, the least friendly- entrepreneur policy environments are found in: Montana (30), Oregon (34), and California (46). The chart below shows TNIontma's index score alongside those of other states in the region. ,A lower number represents the greatest economic viability for small business and entrepreneurs. While overall a low- ranked state by the SBE's measure, Montana's favorable rankings as reported by an Innovate NIontana economic development report citing the Tax Foundation include: P best nationally in sales taxes for business and 8t1i best for tax - friendly state climate, combined state and local tax burden, and property taxes. Chart 7: 2011 Small Business Survival Index 2011 Small Business Survival Index 76.357 60.452 62.193 65.181 51.317 53.296 53.374 52,312 46.049 I 32.292 `ar° �` °e ra ON °tia Oi�$c� O��° -P r`�� °�` °�`�Q� ° GPI .S'olmre:.Slzvall BlIsmesv will Iiia eprnellnkp Couuril. 6 "Small Business Survival Index 3011: Ranking the Policy EmKronment for Fntrepreneurship across the Nation." The Small Business & Entrepreneurship Council, w\vNv.sbecomicil.org P1101,P1 -.R•1 1Bl ti11hs> N1. lU m6 2012 ECoN0N11C PROI-11.1. Clearly, no one single ranking or indicator can predict the costs or sustainability for every operation. There are numerous factors impacting economic decision making, which also vary b}- industry-. 'fable 16 represents a selection of indicators that help in understanding the cost comparison of Montana to other states. Montana's national rank is given in parentheses. Table 16: Regional Comparison of the Cost of Doing Business Tax Rates' I Personal Income 10.30 4.63 6.90 ( #36) 1 1.00 0.00 0.00 State & Local Sales, Gross Receipts & Excise 3.01 2.89 1.03 ( #2) .59 4.10 5.49 Capital Gains 10.30 4.63 6.90 ( #38) 11.00 0.00 0.00 Corporate Income 8.84 4.63 6.75 ( #24) 7.60 0.00 0.00 Property 3.53 3.07 3.84 ( #36) 3.28 2.89 2.91 Unemployment' .86 1.15 4.41 ( #44) 3.98 2.47 4.59 Gas .491 .220 .278 (Tied #31) .310 .240 .375 State Sales 7.25 2.9 0.0 (Tied #1) 0.0 4.0 6.5 State Tax Rankings10 Total Collected 15t 24" 49th 27th 50th 13" Labor" Mean Annual Salary $51,910 $47,510 $36,840 $44,290 $35,390 $50,280 Right To Work Law No No No No Yes No Worker's Compensation $1.58 $.95 $2.73 ( #50) $1.11 $1.28 $1.51 Cost of Living Measures Cost of Living Index 2 131.13 101.37 100.03 106.77 99.35 103.59 Median Housing Value' 3 $458,500 $236,600 $173,300 $252,600 $122,200 $285,400 Residential Electric" Cents /Kilowatt hour Average Monthly Bill 15.17 $82.85 1 1 .18 $78.22 10.16 $77.37 9.96 $85.52 10.47 $93.40 8.54 $82.75 Commerical Electric'" Cents /Kilowatt hour Average Monthly Bill 12.79 $728.58 9.19 S426.11 9.18 $337.34 8.50 $421.92 8.11 $414.71 7.52 $409.87 Soum: I Mioiu. See omofec. - (Tax rates at top of market) "Small Business Sur-vival Index 2011" Small Business & Entrepreneurship Council «1tiv.sl)ecouncil.org/ resources /publications /sun-ivaliiidex2o l I/ "Workers' Compensation: Benefits, Coverage, and Costs, 2010" 'rational _'academy of Social Insurance %,-x-,-w.nasi.org/research/\vorkers-compensatioti ' Federation of Tax Administrators, compiled by h "TA from carious sources 2011 Survev of State Government Tax Collections, U.S. Census Bureau, Governments Division " U.S. Department of Labor, Bureau of Labor Statistics, NIay 2011 annual data (average total of all private industries) 12 1011 annual average (based on areas that conducted the .ACCRA Cost of Living survey in each state) C2ER, The Council for Community and Economic Research, Cost of Luting Index Report. 'i 3006 -3010 .American Conunuaity Survey, U.S. Census Bureau \v,.v,,v..cen,,-,us.gov/acs/-,c ,u-xv/ 14 (Cents /Kilowatt hour as of \Iav 2013, Average Monthly Bill 2010 Annual Data) Form EIA -826, Monthly Electric Sales and Revenue Report with State Distributions Report, U.S. Energy Information .'Ldministration. Pit(1SP1:RA BI �s NF: I"V01M 2012 Ec()\o \Iw Pimi7L1. 21 Workforce Montana experienced one of the lower unemployment rates in the nation at the end of June 2012; its seasonally adjusted unemployment rate was 6.3 percent and was 14''' nationally, compared to being tied at 18r1i for the same period last rear. North Dakota has held its number one position for the past two years as South Dakota has consistently come in at number three. Table 17: State Unemployment Rate Information State 2011 Rate 2011 Rank 2012 Rate 2012 Rank North Dakota 3.3% 1 2.9% 1 South Dakota 4.7% 3 tied 4.3% 3 Wyoming 5.8% 7 5.4% 8 Utah 7.5% 15 6.0% 11 Montana 7.7% 18 tied 6.3% 14 Idaho 9.4% 1 34 tied 7.7% 29 Washington 9.3% 1 33 1 8.3% 37 Jonrie• L J. tsmevno/ Libor Jtatistics; % deuoterpretilvinan,. Gallatin County has seen improvement in its unemployment rate from last rear. In 2011, Gallatin's rank was number 38 out of 56 counties. As of June 2012, it ranked 28th which is a significant improvement. Park County unemployment rate has also improved dramatically in comparison to the rest of the state. Currently, it is ranked 33n1 compared to 45 "' last year. Fallon County has had the lowest unemployment rate in the state of Montana for the past two years. Table 18: County Unemployment Rate Information Montana- Unemployment Rate -. .. -. Comparison - County 2011 Rate 2011 Rank 1 2012 Rate 2012 Rank Fallon County 2.7% 1 2.2% 1 Yellowstone County 5.6% 19 4.9% 18 Lewis & Clark Count 5.8% 20 5.2% 23 Gallatin County 6.3% 38 5.6% 28 Park County 7.0% 45 6.0% 33 Madison County 7.2% 42 6.1% 35 Missoula County 7.4% 39 6.1% 36 Flathead County 10.4% 1 54 8.5% 49 Sanders County 14.8% 1 55 12.6% 55 Soinrr Alonta a D�piu7111en1 of Libor & hulns1 , Resean -b & . wl). it Biuruu. ' denotes pre/iininag. 1°RO1411-RA Bt si Ni:ss Ni- n x tmK 2012 EcoNomic Noi n 1. 11 Annual Unemployment Rate In the past six years, Gallatin County has exceeded -Montana's unemployment rate only once, in 2009 as park County's unemployment rate continues to trend higher than Montana's overall rate (Chart 8). While considerably higher than four years ago, it is important to note that our region and state continue to fare better than most of the C.'nited States. Both counties are seeing an increase in their work force as well as seeing decreased unemployment numbers (Table 19). Chart 8: Unemployment Rates 2006-2011 10 - 9 - - 8 a: 7 6 Y = 5 v V 4 a 3 2 1 0 2006 2007 2008 2009 2010 2011 Unemployment Rate 2006 -2011 YUnited States EMontana :.JGallatin County Wark County Sonn•e. Montana Depinim d of I ahor & Iedi1s1n' mm! sea sonally ddjusled Table 19: Labor Force Gallatin County Labor Force Employed Unemployed 48,645 47,204 1,441 50,753 49,450 1,303 53,930 52,857 1,073 50,323 49,199 1,124 51,175 49,301 1,874 47,312 43,784 3,528 47,348 44,046 3,302 49,513 46,478 3,035 Park County Labor Force 8,754 8,942 9,310 9,112 9,044 8,072 8,140 8,535 Employed 8,383 8,605 9,031 8,827 8,625 7,421 7,492 7,899 Unemployed 371 337 279 285 419 651 648 636 Soaae:.11antvav Deem ?i»egt o% Lrd�nr 1��dlisbT, lQsewrh & .-lnvtysls B1nw11. PROSP► e.A, Bt sim."ss Ni ru OR 2012 Ecowmic P1im n.t, ?; Employment by Sector Gallatin County has a slightly more diverse employment base than Park County and manufacturing in the Gallatin Valley has been making modest improvements in the past year. Trade, transportation, and utilities is the biggest employment sector in Gallatin County as of 2011, followed by leisure & hospitality and education & health services. Park Count's largest employment sector is leisure & hospitality, followed by trade, transportation & utilities and education & health services (Chart 9). The service providing and goods producing sectors included in the chart below are supersector groups that encompass the others sectors listed, aside from the government categories. The goods producing sector includes natural resources &, mining, constriction, and manufacturing, while all other sectors fall under the service providing supersector. Chart 9: Average Annual Employment 2011 Average Annual Employment (Total Number of Employees) Local Government State Government Federal Government Service Providing Goods Producing Unclassified Other Services Leisure & Hospilality Education & Health Services Professional & Business Services Financial Activities Information Trade, Transportation & Utilities Manufacturing Construction Natural Resources & Mining 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 01'ark County vCiallahn County I011ne. tsumrm of i crinu J!ol�r /« , 2i w7edy Cenrns of En1plormen/ C" IVINes (2011 h! om allon is prelinihauI-). 52 PROSPI.R.A Bt ;INI ss hl 1\tUR6 2012 E'coNo \IIC PHUT II.I _ The area's economy is progressively varied and continues to show strong growth despite last year's decline in the number of establishments conducting business. While the region is home to a broad range of industries, Gallatin County's dominant sectors include professional & business sen-ices and constriction. Dark County's leading industries include leisure & hospitality and trade, transportation & utilities. Table 20: 2011 Employment & Earnings by Sector 201 T Ernpil'oyment and Earnings by - • Gallatin County Park County Average Average Average Average Number of Number of Annual Weekly Annual Weekly Sector Establish- Establish - Employ- Wage Employ- Wage ments ment ($) ments ment ($) Goods Producing 1,167 6,435 761 180 674 667 Natural Resources & 94 766 696 38 148 542 Mining Construction 883 3,361 791 113 267 644 Manufacturing 190 2,308 738 30 259 761 Service Providing 4,022 29,562 631 642 3,783 508 Trade, Transportation & 917 9,080 568 139 788 511 Utilities Information 90 593 827 21 89 750 Financial Activity 520 2,128 863 61 198 686 Professional & 1,133 4,618 1,039 124 270 871 Business Services Education & Health 443 4,828 713 61 722 674 Services Leisure & Hospitality 527 6,773 317 166 1,349 310 Other Services 392 1,542 504 71 364 1 484 Unclassified 1 1 300 1 3 371 Federal Government 33 658 1,161 14 75 935 State Government 15 4,113 781 9 37 1,1 1 7 Local Government 54 2,895 715 18 644 602 Sonne. Braman of laaborSlafisfia. CJnrirloir Census of Fmplgmient E 11 *�ioe(_011 uiformation is pmTminan). � PROsPER.4 BI Ni: n1 oiiK 2012 EcoNowc Piux-n.r K K E3 Largest Private Employers he follox -ving table lists the 20 largest private sector employers in Gallatin Counts- and the 10 largest private sector employers in Park Counts, according to the most current statistics from the ;Montana Department of Labor & Industry, Research & Anah-sis Bureau. Table 21 : Largest Private Sector Employers Largest Private Sector Employers (Q2 2011) Number of Employees Gallatin County Bozeman Deaconess Hospital 1000+ Oracle (formerly Ri htNow Technologies) 500 -999 WalMart 250 -499 Albertson's 100 -249 Community Food Co-Op 100 -249 ! _ Costco 100 -249 _ First Security Bank 100 -249 Gibson Guitar 100 -249 Kenyon Noble Lumber & Hardware 100 -249 Lowes 100 -249 Martel Construction 100 -249 McDonald's 100 -249 Murdoch's Ranch & Home Supply - _ _.... 100 -_24.9 Reach Inc. _ 100 -249 Ressler Motor _ 100 -249 Rosauer's 100-24* 9 Target _..___. _ _ _ _ 100-2149.—. Town & Country. Foods _ _ 100 -249 _ Town Pump Convenience Stores 1.00 -249 - Zoos Enterprises _ _ 100 -249 Park County Livingston Healthcare 250 -499 Chico Hot Springs _____ 100 -249 Printing ForLess. com _ 100 -249 Albertson-'s.._.... — Best Western Mammoth Hot Springs 50 -99 Church Universal & Triumphant 50 -99 Livingston Health & Rehabilitation Center .... - - 50 -99 Mountain Sky Guest Ranch 50 -99 Town &Country Foods _. 50 -99 Montana's Rib & Chop House 2049 Swim. Montana Department gjldbor & Indirstg, Reiean-h &.- n,r I pis Bill re all. Pttosi,i Rt Bt s1 \r.ss Ni i,,%oRS 2012 ECONOMIC PROI 11,1' It, Salary & Wage Detail The data below indicates weekly wage amounts reported by industry businesses over the course of 3011. The service providing and goods producing sectors included in the chart below are supersector groups that encompass the others sectors listed, aside from the government categories. The goods producing sector includes natural resources & mining, construction, and manufacturing, while all other sectors fall under the service providing supersector. Dominating wage distribution in Gallatin County is the federal government, averaging $1,161 per week. However, in private business, professional & businesses services average $1,039 weekly followed by financial activity at $863 per week. In Park County, state government employees are one of the smallest employment sectors, yet command higher wages on average than those in Gallatin County, with an average of $1,117 per week. In the private industry, professional & business services average $871 and manufacturing wages were $761 weekly, both up slightly over last year's figures. Chart 10: Average Weekly Wages by Industry 2411 Average Weekly Wages Local Government Slate Government Federal Government Service Providing Goods Producing Unclassified Other Services Leisure & Hospitality Education & Health Services Professional & Business Services Financial Activities Information Trade, Transportation & Utilities Manufacturing Construction Natural Resources & Mining $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 60ark County oGallatin County Some. Bairam glTaGol -Sta iitia, QuaiYe# Cowls o% F.mpioyuient & If "rites (2011 urfawrdtro r is pirAminauy). PR0,11LR:1k BI -,IN]-.Ss NE M 014 2012 ECONOMIC PROI 11.1, Montana's Labor Market Montana's average wage per job continues to trend lower than the national average: 534,764 versus $47,046 as revised in March 2012. Montana's average annual wage ranking is 49t1i overall in the nation, ahead of onlc South Dakota among our neighboring states ("fable 22). Table 22: Averaqe Annual Waaes State 1980 United $14,000 States Montana j $12,598 Rank ! 1990 - $23,423 34 $17,475 Rank 2000 Rank $35,054 47 ! $24,172 50 2012* Rank $47,046 - $34,764 49 Idaho $12,174 41 $18,739 45 $27,559 41 $35,819 47 North $11,869 43 $17,361 48 $24,417 48 $37,717 43 Dakota South $10,751 49 $16,347 50 $24,398 49 $34,012 50 Dakota Wyoming $15,335 5 $20,058 35 $27,140 44 $42,768 24 Swim U.S. Bnmam of Erono mi, . La.l)uix, State Ecommmie Profile.. *Last mpdated .1lanh 28. 2012 nvtb revised estimates. Note. All rankings indilde 50 state,, plan the Distiia o% CoGmiGia. Gallatin County's average weekly wage rates have remained fairly steady from 2009 to 2011; increasing 3.35 percent from last year as did most comparable counties in Montana (Table 23). Park County has remained fairly consistent over the past few nears, increasing slightly from last year be just over 2 percent. Table 23: Averaae Weeklv Waaes — 111er..uonuiea •�ep(uiuien[ of i lwar t.-- innnstlT. neSeann f:- in q)7!S Diva//. Pxu;rt- a.� Bt ;1,,r;> Ni. im otis 2012 EICONONFIC PROI 11.1 Mo,--nian-als Average Weekly Wage by County and Percentage of .- County 2009 Weekly Wage 2010 Weekly Wage 2011 Weekly Wage % Change 2010-2011 Cascade County _ $630 $654 - —� $669 2.29% Flathead County $619 $634 $639 $656 - -- - $651 $678 2.68% Gallatin County 3.35% Lewis and Clark Count $727 $736 $751 2.04% Madison County $523 $558 $562 0.72% Missoula County $651 $652 $665 1.99% Park County $541 $540 $551 2.04% Silver Bow County $684 $687 $709 3.20% Yellowstone Count $712 $730 $757 3.70% — 111er..uonuiea •�ep(uiuien[ of i lwar t.-- innnstlT. neSeann f:- in q)7!S Diva//. Pxu;rt- a.� Bt ;1,,r;> Ni. im otis 2012 EICONONFIC PROI 11.1 While Montana enjoys a well- educated workforce on the whole, its median earnings by level of education trail behind the national average (fable 24). Overall, Montana's median earnings increased by approximatehy 4 percent between 2010 and 2011. Table 24: Earnin s by Educational Attainment 201 than Level A. Montana United States Total $28,125 $34,665 Less than high school graduate $17,651 $19,492 High school graduate (includes equivalency) $24,093 $27,281 Some college or associates' degree $26,588 $33,593 Bachelor's degree $35,133 $48,485 Graduate or professional degree $47,088 $63,612 Sollrre.• C.S. Census B//reun. 2006.2010 .-Lnelialn in 010 dol%ins. Aff liawhers have been inflalkii a/ j/ated. According to the Montana Department of Labor & Industrt• Research & Analysis Bureau, a majority of the same counties held the top 10 positions for annual average wage as of 2011. In 2008, Stillwater County, was ranked first, but dropped to second in 2009 and was back in first place in 2011. Gallatin County dropped to the 13 "' position compared to last year when it was in 12"' position, while Park County dropped from the 39 "' position to 40'('. Table 25: County Waae Rankings Somre.- Monlana Deptialvew of l�/bor & hidus1g, Resealrb & .4nadlnis Bilml /• PROSPE -RA BI gNu.ss N1. 1 xom 2012 h:C <I \UiII( ;PRoFtl.i: _ 2011 Montano Coun#qs '. . ,. y Annual - q Wages Ranking County Average Employment Total Wages Total Annual Average Wage n/a Statewide 422,738 $15,130,256,766 $35,791 1 Stillwater 3,105 $16,406,455 $54,237 7 Yellowstone 76,508 $3,013,118,565 $39,383 8 Lewis & Clark 34,640 $1,353,368,468 $39,070 10 Silver Bow 15,276 $563,388,362 $36,887 13 Gallatin 43,663 $1,539,058,086 $35,249 14 Cascade 34,994 $1,217,557,582 $34,793 15 Missoula 54,484 $1,884,046,700 $34,580 40 Park 5,213 $149,292,851 $28,639 Somre.- Monlana Deptialvew of l�/bor & hidus1g, Resealrb & .4nadlnis Bilml /• PROSPE -RA BI gNu.ss N1. 1 xom 2012 h:C <I \UiII( ;PRoFtl.i: _ _agriculture plats a historic and significant role in the regional economy and quality of life. The U.S. I)epartment of .Agriculture's 2007 Census of Agriculture reported 776,868 acres within Gallatin County as ranch or farmland and 762,753 acres in Park County. As of 2007, there were 1,071 farms in Gallatin County, generating 547,244,000 from livestock and products and $47,904,000 from crops, making the county the sixth highest contributor to the state's agricultural economy. In Park County, the 535 firms located there provide $20,190,000 in livestock and products receipts and 57,530,000 in crops. The Census of .agriculture is taken ever, five years and the nett census results will be available in 2013.` Table 26: 2010 Crop Statistics for Gallatin County Aariculture Montana to Receive Nearly $1.3 Million for Innovative Agriculture Projects U.S. Senator Max Baucus announced Montana has landed some competitive USDA Conservation Innovation Grants (CIG). The CIG program is intended to stimulate the development and adoption of innovative conservation approaches and technologies in conjunction with agricultural production. Baucus stated, "One -in -five Montana jobs are related to agriculture industry, making these grants a critical tool in supporting the heart of our economy." www.baucus.senate.gov Gallatin Commodity Planted Acres Harvested Yield (bushel) Production (bushel) Rank in State Winter Wheat 17,200 16,400 64.3 1,054,000 17 Spring Wheat 34,500 32,900 65.5 2,155,000 16 Oats 700 500 97 48,500 12 All Barley 26,000 24,500 73.5 1,800,000 7 Hay Alfalfa No data 41,000 3.55 tons 145,000 tons 6 Other Hay available 11,000 2.15 tons 23,500 tons 28 Potatoes 3,800 3,800 1 344 Cwt 1,306,000 Cwt No rank given 301trte. l.JU,- I- aW11ionW.- +giTUn[mWJUN Uilell3entie. _v t_ .uatt rum.- lnanatJ,ntirlt1itl H1111elui, C.olnty hAtmater.:010 -2011. i anie z /: Zu i i uvestocK statistics for vanatin �-ounty Commodity attle All Beef Cows Milk Cows Sheep & Lambs - Head Head Head All (Head) Rank in State Cattle & Calves 51,000 20,500 4,000 20 "' (All Cattle) Sheep Inventory 2,700 28 Swim 2012 Mollt nti _ miltal Ctrtie iwl Rolath) (*—./" P i., t— 'VIt11_7011 15 Montana .Agricultural Statistics Service, U.S. Departinent of .Agriculture -,N1i1v. pass .usda.gov /Statistics_by—State/ Montana /index.asp PROSP R%Bt �im.s,; W moicK 2012 Ecl>tW)M11. PRVPr1.1. Table 28: 2010 Crop Statistics for Park County Some: 2012 .11oidnnv.- lltirnvl Stntisti,iiI Brd/etin, C.onnh• F_stbnntes 2010- 2011. *Ind ales _'011 data used mben 2010 data jor Park. C.onnty was not a uilab /e. Table 29: 201 1 Livestock Statistics for Park County a Commodity Planted Acres Harvested Yield bushel Production (bushel) } ank in State Winter Wheat 4,700 4,500 33.6 151,000 38 Spring Wheat 6,100 5,600 28.6 160,000 42 Oats 600 300 80 24,000 28 All Barley* 4,000 3,000 60.3 181,000 29 Hay Alfalfa No data avail. 31,000 2.4 tons 75,000 tons 24 Other Hay 2010 -2011 Data not available n/a Some: 2012 .11oidnnv.- lltirnvl Stntisti,iiI Brd/etin, C.onnh• F_stbnntes 2010- 2011. *Ind ales _'011 data used mben 2010 data jor Park. C.onnty was not a uilab /e. Table 29: 201 1 Livestock Statistics for Park County a Commodity Cattle All Head Beef Cows Head Milk Cows Head Sheep & Lambs All Head Rank in State Cattle & Calves 41,000 23,000 200 Acre 30`1 (All Cattle) Sheep Inventory Production All Wheat 5,440,000 1,800 33`° Somre: [.'. SD. a. 1' utinnnl. lq�iiultnrulStnlistirs.Se�rxre. ° O1'. llontmm. lunnu/. S' luti. �7iiu /Bulletfa.Connt)- Eslbilates'010 -2011. Montana's total land area is 93.1 million acres and 65.9 percent of the total hind area is dedicated to farmland or agriculture (60.5 million acres). There are about 29,300 farms in Montana, averaging 2,065 acres in size.'' :according to a 2011 report from the USDA's National Agricultural Statistics Service:" • Montana places second in the nation behind Texas for total land in farms or ranches. Xfontana also ranks second in the nation for average farm or ranch size. • In terms of seeds that are used to make healthy cooking oils, 1NIontana was ranked second for the production of Flaxseeds and third for Safflower and Canola production. • In 2011, state livestock was valued at S1.26 billion and crops were valued at $1.78 billion. • Montana was fourth in the nation for honey production and eighth in the nation for sheep and wool production. • The state's most valuable crop is wheat, followed b`- hav and barley. INIontana ranks third in the nation for wheat production, fifth for hav, and second for barley. • NIontana earns first ranking in L.S. lentil and pea production, producing 57.4% of the nation's lentils and 47.2 "0 of the nation's dry peas. Table 30: 2010 Montana A ricultural Commodities Intormation Acres Yield per Total Value Per Value of Commodity Planted Acre Production Unit Production All Wheat 5,440,000 41.3 /Bu 215,360,000 Bu $6.29/Bu $1,354,614,000 Barley 760,000 62.0/Bu 38,440,000 Bu $4.08 /Bu $156,835,000 Corn 80,000 135.0/Bu 4,590,000 Bu $5.40/Bu $27,786,000 Potatoes 11,500 325 /Cwt 3,673,000 Cwt $11.50 /Cwt $42,240,000 Hay 2,850,000 2.14/Ton 6,105,000 Tons $80.00 /Ton $488,400,000 Sugar Beets 1 42,600 1 29.5/Ton 1 1,254,000 Tons 1 $53 40/T 1' $53,453,000* Sonne: 2011 .11nntnnu. l�umn /.S'tntistiiv /Bulletin, Gomcty Esthnutes 2009.2010. * Indi aces 2009 data. used mbere 2010 data mas not uruilable. 16- Montatia .agricultural Facts 2011 Report" USDA - National Aocultural Statistics Service, -,v1v%v.t1ass.u%da.9ov PROriPLRA B► I JNESS Ni IVORs 2012 Ecow.%uc Ptioru.c. Construction During the recession, construction experienced a rapid shift. Many companies moved operations to more profitable regions, such as the oil and gas development region in eastern Montana and western North Dakota, or they simply did not survive. Between 2010 and 2011, the number of construction firms dropped in both Gallatin (-3° o) and Park ( -6° 0) Counties. In Gallatin County the average annual employment actually increased roughly 2 percent compared to 2010, but in Park County construction employment fell nearly 10 percent. The average weekly wage rate increased slightly for employees throughout the region. Overall, this sector is expected to remain sluggish for the remainder of 2012 and is not expected to rebound until 2013. Table 31: New Construction Activi City of Bozeman Residential 613 887 955 670 764 242 182 208 199 Commercial 35 34 42 48 45 29 28 12 19 _City of Livingston Residential n/a n/a n/a 19 n/a 6 7 12 F 7 Commercial n/a n/a n/a 1 n/a 0 0 0 4 Jonnr: vyl. of no1r1M111 nnnniq inspeatoa uInston, r a)- of no�-etuen uepaititieut of 11,11111mg C" 1.)ere%pinent, c:, City o% Lilingston Biuldnio Depajyment. City of Bozeman Growth In addition to growing in population, the City of Bozeman has expanded in geographic sue over the years. In order to accommodate for this growth, new land for residential, commercial, and industrial development has been annexed into the City. In 2008, after several years of sustained growth, the City was approximately 12,318.5 acres (19?5 square miles). No annexation occurred in 2009 or 2010 (Table 32), and less than half of an acre was annexed in 2011. "Thus, the City has not notably increased in size over the past three years. Tnhle 32- City of Rn7P.mnn Anntm.ynflnnC .r vwr rc. �.uy of u ou —prircrnrru uy e:- t.awtlima • uermpmew -.:ui f.- Untuat nepon. PRU,1,111+R.1 BY NI nx oRF 2012 EcoNo%11C PROI 11.1' Year 2003 2004 2005 2006 2007 2008 1 2009 2010 2011 Acres 186.58 484.47 444.50 716.80 468.26 103.50 0.00 0.00 0.37 .r vwr rc. �.uy of u ou —prircrnrru uy e:- t.awtlima • uermpmew -.:ui f.- Untuat nepon. PRU,1,111+R.1 BY NI nx oRF 2012 EcoNo%11C PROI 11.1' Subdivision Activity Subdivision activity is measured by the number of plat applications and subdivision applications the City receives for review. According to Table 33 below, in 2011 Bozeman received a significant increase in preliminary- plat applications (514 "o) compared to 2010. Table 33: City of Bozeman Subdivision Reviews or Plat Type 2003 2004 2005 2006 2007 2008 2009 2010 2011 Preliminary Plat 413 661 1,637 1 688 1,434 38 6 l 14 86 Final Plat 564 581 495 1,211 861 61 10 136 3 Soarre: 0 - of Botienl n Oefwrtment of P/wming E Comlrll/mtJ' Dereloplimil '01/A Inulal Keporl . Zoning Activity As shown in Table 34, the Bozeman Department of Planning and Community Development (DPCD) processed 16 zoning applications in 2011, which is a 56 percent drop from 2010. 'Zoning projects include site plans, conditional use permits, planned unit development concept plans, and planned unit development preliminary plans. In 3011, the DPCD also processed 3 Zone Map :\mendments, 0 Master Site Plans, 20 Final Site Plans, 9 Master Signage Plans, 32 Reuse /Further Development applications, 2 Zone Code :amendments, 3 Variances, 2 - Appeals, 49 Modifications to Approved Plans, 3 Special "Temporary Use Permits, 0 Sketch Plans, 21 Improvement Agreements, 9 Condo Conversions and 31 Informal Interviews. Table 34: Zonina Reviews City Type of Bozeman, Zoning 2003 2004 Reviews 2005 by Type: 2006 2007 2003-2011 2008 2009 i 2010 2011 Site Plan 39 46 53 32 29 14 37 22 6 Conditional Use 16 11 14 23 6 5 14 13 9 Permits Planned Unit Dev. 5 6 6 3 2 0 1 1 1 Concept Plan Planned Unit Dev. 6 2 7 6 2 1 0 0 0 Preliminary Plan Total 66 65 80 64 39 20 52 36 16 Soma: U11- of Botiemrm IJepmtwlent ql l'lauuu {g C _� Cxltll wU 4 Oelelapwenl :0I I Annunt Hepal . Residential Building Permit Activity :according to the City of Bozeman's Planning Department 2011 Annual Report, there are 17,531 dwelling units in the City- of Bozeman. From 2001 to 2011, single - household units are still the most common housing unit type permitted at 38.68 percent, followed by multi- housing units at approximately 26.77 percent (Chart 11). PR( sm:N.1 BI til \I ss NI IAN(mK 2012 ECo\U >IIC I'm II.I. i; In 2011, 199 housing; units were permitted by the city of Bozeman ('fable 35). Of that amount, 80.4 percent were for single households; 2.01 percent were for townhomes; 4.02 percent were for duplexes; none were for triplexes; 2.01 percent were for four- plexes; 11.56 percent were for multi - household units; and none were for manufactured homes. Chart l 1: Residential Buildinq Permit Activity .)oaitr: c ttl' o) tsotienwu Uepamment qt namuuq c- c.oirnniam- Uere%nuveni _'011 _- millal Report. 'fable 35 shows the City of Bozeman has had a slight decrease in the number of permits from 2010 to 2011. Since 2010, total permits of all types were down 5 percent. In general when looking at the 2008 to 2011 period Bozeman building permit numbers have been similar to levels seen in the earIv to mid 1990s. Yet since the peak of the housing and commercial construction in 2005, overall permits are down 80 percent. Table 35: Buildinq Permits Issued PKOSPi. K:� 13l <i `�.�ti M 11MRK 2012 ECUN-omi ' PKOrn.i 2003 2004 2005 _1 2006 2007 2008 1 2009 20107-2011 Single-house 215 260 265 257 214 93 71 144 160 Townhouse 52 70 63 63 71 35 12 20 4 Duplex 108 144 12 45 44 120 -- 146 235 36 7 613 881 Depuirineut 11'Plvauiq E 141 105 11 281 0 954 Coiaiuunily DerelepmenI 58 80 45 33 92 44 155 314 0 0 670 758 3011: 10 uial Repot. 30 9 32 43 0 242 0 3 32 64 0 182 4 0 4 _ 36 _ 0 208 8 0 4 23 0 199 Triplex Fourplex - _ Multi -unit Manufactured Total Sourer: City of Botieinaa PKOSPi. K:� 13l <i `�.�ti M 11MRK 2012 ECUN-omi ' PKOrn.i Technology According to the U.S. Chamber of Commerce, Montana is ranked tenth in the nation for science, technology, engineering, and mathematics (Sl'ENI) job growth.' The state of Montana has worked diligently to create and encourage an atmosphere that continually drives business growth and well- being. Montana continues to demonstrate a strong entrepreneurial drive with over 300 individuals per 100,000 starting a business each month in 2011, which places it in the top 20 most entrepreneurial states according to Kauffman Index of Entrepreneurial Activity 1996 -2011, published in ;March 2012. Bozeman and the surrounding area offer a wealth of resources to technology -based enterprises. Some of these resources include the following: MSU TeehLink .w.techlinkcenter.org) provides direct support for Montana companies to access new technolo' , expertise, and research and development funding from the U.S. Department of Defense and other federal agencies. MilTeeh ( http : / /techlinkcenter.otgZnadtech) is a collaboration between TechLink and the Montana Manufacturing Extension Center to accelerate the transition of innovative technology to U.S. troops by assisting companies with design, reliability, and cost effectiveness. The Montana Bioscience Alliance -w.montanabio.or,) serves as a hub for Montana's biotechnology companies, entrepreneurs, laboratories, hospitals, clinics, and universities to commercialize, grow, and sustain globally competitive Bioscience companies in Montana. Montana Aerospace Development Association (Aa-v v.mt- ada.org) works to encourage and promote economic development in aerospace technology industries throughout Montana's private sector. Montana Information Technology Alliance ( -,ti-ww.montanaita.com) works to promote and expand the information technology community that exists within the state of INIontana. TechRanch (wxyw.techranch.or__ is a nonprofit resource center that helps organize and host educational programming and networking events that help Montana based entrepreneurs succeed. The Technology Transfer Office at MSU («- vw.montana.edu /ww«-vr) provides a dynamic interface between the university and the private sector. 11ISU expended just under $96 million in research grants in fiscal year 2008. Products of this research may translate into new medical devises, diagnostics for human and veterinarx• use, pharmaceuticals, new grain varieties, innovations in current products, and numerous other products and processes. Rural Community Innovations (http: / /rci- usia.org) is a Bozeman -based 501(c)(3) non - profit corporation founded in 1996 to provide technical assistance to a wide variety of rural communities and businesses. PRU,111 R 1 BI ,1N1'.ti,� N1. 11C ORK 2012 ECONOMIC PRO] 11.1! ;5 Some of the leading technology companies in the area include: Biotechnology Companies Ateris Technologies (ww-w•.ateristech.com)Sensor platform technologies for pathogen and toxin detection Baeterin International Inc. (wwxv.bacterin.com) _anti- infective coatings for medical applications and revolutionary bone graft material BioScienee Laboratories (INa-vxv.biosciencelabs.comI .antimicrobial product testing BioSurface Technologies Corporation (xv w.biofihm.biz) Innovative products that grow, measure, and evaluate biofilms and biofilm processes to aid product development and process control, and to increase understanding of fundamental biofilm processes Bridger Biomed (406 -586 -7660) Biomed implants and healthcare products Bridget Technologies, Inc. (wwlv.bridgertechnologries.corn) Identification of bacteria, viruses and protein in solutions Cineole Corp. LLC (406 -585 -1122) Pharmaceutical preparation manufacturing Fluorescence Innovations, Inc. -.fluorescenceinnovadons.com) Biological systems' fluorescence properties LigoCyte Pharmaceuticals (Lyww.ligocyte_ com) Clinical -stage biologic drug development focused on respiratory and gastrointestinal indications Mierobion Corporation (wlvw.microbioncorp.com) :antimicrobial drugs and product development addressing biofilm control in health and industry MicroLab (www.microlabinfo.com) Computer -based data acquisition tools and software for chemistry laboratories Montana Molecular ( «:1vw.montanamolecular.com) Genetic encoded fluorescent protein for cell - based assays and live cell imaging NanoValent Pharmaceuticals, Inc. (406 -586 -8420) Pharmaceuticals research and development Nervonix (406- 585 -0674) I.ow -cost, portable alternative to NIRIs and CAT scans that allows for non - invasive, two - dimensional images of peripheral nerves for pain diagnosis and management by anesthesiologists, surgeons and other clinicians NuTrek (www.neuralynx.com) Provider of electrophysiology data recording systems and solutions for neuroscience research, as well as for practical human medical data recording Phytologies (w ww.12hytologics.com) Plant based solutions: vegetation research, process, treatment and product development, land rehabilitation consultation, saline - sodic lands reclamation, native plant ecology, soil science Rasiris, Inc. (406 -994 -7831) Photodynamic therapy for cancer treatment SensoPath Technologies (,,"vw.sensopath.com) Bioactive surfaces for a variety of biosensor applications, detector formats and diagnostic techniques SGM Biotech: atclitired Gy ilferet Lal)s (x,,ww.mesalabs.com) High- quality process validation and monitoring instruments as well as dialysis calibration and verification meters, standard solutions and accessories PROSPER 131 til ,, i tis Ni m oRk 2012 NCUNU..N11C PRO[ 111 ;f. Zdye (w1v-%y.zdye.com) Unique, multicolor fluorescent dves with properties optimized for protein detection ul proteomics Laser /Optics Companies AdvR advr- inc.com) Photonics technologies, specializing in the development of optical devices and systems using engineered bulk and waveguide nonlinear optical materials Bridger Photonics (www.bridgrernhotonics.com) LADAR and LID_iR metrology and imaging products FLIR (mLvw.flincom) Thermal infrared imaging cameras HyPerspeetives ( «t�w.hyperspectiyes.net) Remote environmental measuring services specializing in the use of cutting -edge sensor technologies for natural resource applications and national security issues ILX Lightwave (w,,vw.iIzlighttvave.com) Laser diode instrumentation and test systems Lattice Materials (w�vw.latticematerials.com) Silicon and germanimn infrared optics MPA Technologies (406 -585 -8192) Photonics technologies New Wave Research dinision o% I PI- Is'lec I.epi.com) Laser technologies QuanteI USA lbnverly Big Sky Laser Tecbnolq;ies (Ltjvw.quantel- laser.com) Solid -state lasers Resonon, Inc. («ww.resonon.com) Hyperspectral imaging solutions for indust-n- and research. S2 Corporation '.s2corporation.com) Ultra- wideband radio frequency sensing and signal processing with technology known as spatial - spectral (S2) holography Scientific Materials .. %scientificmaterials.com) High quality and next generation crystalline laser materials, laser crystals and specialty parts for applications in Afedical, INfilitary, Industrial and Scientific markets Wavelength Electronics ' ww.teamwavelength.com) Ultra - stable, high precision quantum cascade laser drivers, laser diode drivers and temperature controllers IT Companies Advanced Acoustic Concepts, LLC (AAC) (Mvw.aactech.com) Software engineering and systems integration, solutions for signal processing, image processing and information and management systems Aeadeus (wwlv.acadeus.com} Integrated solutions for software, automation, and information technolol,�y eWranglers (LNavw.ewranglersbts.com) "Technology support and networking security Integrated Engineering Systems —IES, Inc. (,vanvIesweb.gorn) High quality structural analysis and design software for engineering and related professionals LexisNexis (w\v�v. lei :isne- :is.com /en- us /home.pa4) Provider of content - enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting, and academic markets PROS1'F'tt.N Bt >1\ .ss N1•:11tORA 2012 I'( NomIC PRta n.F S- Neuralynx (www.nu- trek.com) "Converting real life to digital" cutting edge mixed signal application specific integrated circuits (.kSICs) design and innovative solid -state detectors development Oracle (\,vAvw.oracle.com) Integrated business software and hardware systems Zoot Enterprises (w-�vw.zoot­,veb.com) : -kdvanced credit decisioning, loan origination, credit risk management, and customer acquisition solutions Miscellaneous Companies Advanced Electronic Designs (m v-vv.advanced .pro) Electrical embedded systems development Floating Island International (« w«. floatingislandinternational.com) Biomimetic, self- sustaining floating treatment wetlands that are designed to remove excess nutrients and other contaminants from lakes, streams and wastewater lagoons GeneSearch, Inc. ( %v- yw.I;enesearchinc.co4 Golden Helix w.goldenhelis.com) Bioinformatics company that enables the world's leading researchers to find or diagnose the genetic causes of disease, drug safety, and drug efficacy using Golden Helix' genetic analysis software and analytic services Morris Technology Innovative developer of sporting goods and sports care solutions for athletes, athletic trainers, coaches and physical therapists Mountain Works (Www.emountainworks.com) Consulting business specializing in web and mobile application development, science writing, and facilitation PrintingForLess.com (Lvwxv.printingforless.com) E- commerce source for printing and more Thermohex "l'hermoelectric devices Trakkers (Arww. trakkers. coin) Technology' Leaders for the Event Industry, providing effective lead retrieval, tracking, and validating solutions to get the most out of events PRO,PFRA Bt <i',i ,. Nx '%X 0RK 2012 Era NOMIC PROI-11a• ;., U.S. manufacturing employment has continued to struggle during the recession and slow recover-. 11ie decline in the U.S. average was mostly due to four sectors: transportation equipment (which includes automobiles), furniture, rnachinerv, and fabricated metal products. Manufacturing Montano Manufacturing at a Glance The manufacturing sector includes more than 3,000 entities ranging from large industrial facilities such as oil refineries to a broad array of lighter production activities, including the assembly of sophisticated T'he preliminary collective data suggest that the high- technology equipment to small cottage current recession has impacted Montana In 201 1, 45 percent of manufacturing more than its national counterparts manufacturers manufacturers [surveyed] reported increased with four rears of declining employment, yet and increased production. Profits sales manufacturing accounted for nearly- 1.1 billion in increased for 37 percent of responding earnings in 2011. According to the Bureau of firms in 2011, up from 30 percent in 2010. Business & Economic Research (BBER), However, 33 percent of manufacturers hutlii7alting• industry seelol:� lolrtinrre to be impnttlatrt reported decreased profits in 2011 versus elements of• Alontunas eaonwgy. Alonlana nwmnffiiaw -ers 2010, illustrating that 201 1 was still a bcld.rales topping.S10 hillim ... diliiii 2011, carcuuntitig for difficult year. vr.vw.bber.umt.edu rolro f Rlily 20 percent olontunla'f economic base. " Montana Chemicals, petroleum & coal _.. manufacturers' employment dropped by nearly 5 percent between 2010 and 2011 to approximately 20,000 workers in 2011, with those workers earning more than S 1 billion in labor income (Table 36). '1'he outlook is for modest improvements among several manufacturing sectors in 2012 with improving export conditions and the high tech sector showing promising growth opportunities. ;afore than 90 percent of manufacturers surveyed by the BBER expect to keep their work-force at the same level or increase employment in 2012.' Nonmetallic minerals Table 36: Ernolovment and Labor Income in Montana Manufacturina Sectors Sonlre: Bnlralt of Econarrii l wl)•tii, U.S. Depailhwilt q1 CAlillvel're * Sollne. B/II -ewl oj BIUVfess and E:couolme Kesean , 1-- wirers ty ol-31ontu1117. 2011 E,taaltes. I' "Manufacturing Outlook: Modest Improvement and Employment Growth in Some Sectors" Montana Business Quarterly, Summer 2012. And "Montana s Manufacturing Industry: Modest Improvements Expected." 2012 Economic Outlook. Bureau of Business and Economic Research. http: / /bber.timt.edu P1i01;P1 :.RA Bt Ni.. RN ORK 2012 rco\UA11C PRUP11.1( w Sector Labor Income 2001 Millions$ Labor Income 2011 * Millions$ Employment 2001 Employment 2011* Wood, paper & furniture 359 187 7,907 3,969 Metals 103 77 2,526 2,191 Food & beverage 134 144 3,365 3,722 Chemicals, petroleum & coal 184 303 1,607 2,222 Machinery, computers & electronics 123 117 2,612 2,058 Nonmetallic minerals 50 1 40 1,090 885 Miscellaneous 170 j 171 5,283 4,892 Total 1,122 1 1,039 1 24,390 19,938 Sonlre: Bnlralt of Econarrii l wl)•tii, U.S. Depailhwilt q1 CAlillvel're * Sollne. B/II -ewl oj BIUVfess and E:couolme Kesean , 1-- wirers ty ol-31ontu1117. 2011 E,taaltes. I' "Manufacturing Outlook: Modest Improvement and Employment Growth in Some Sectors" Montana Business Quarterly, Summer 2012. And "Montana s Manufacturing Industry: Modest Improvements Expected." 2012 Economic Outlook. Bureau of Business and Economic Research. http: / /bber.timt.edu P1i01;P1 :.RA Bt Ni.. RN ORK 2012 rco\UA11C PRUP11.1( w According to the BBLR, `Lookiq ai Me petst det•ade and imvi tl roll 21X)1 to 2011, total ill[Jllrlfirtlllr'ltl9 employment and eandqs are estimaled to be 18.3 pertrtrt and '-1 pertetrt, Irspettirrelp, lower than 2001 lerrelf in Alonlana. f lowemer, a number of Bettors Dare showtrgrowtb orrer the deauk. " The typical Montana manufacturing worker earned $13,000 in 2011, compared to an average of $35,000 for all non farm workers. Earnings are highest in the chemicals, petroleum, and coal sector. �I Jut I I/—. 1VIUI IUIUC.IUIII K.1 LUUVI 1111.V111C Manufacturing Labor Income Montana 2011 Percent of Total Income for All Manufacturing 11% 7% L 4% � 18% 14% 29% N Miscellaneous E Wood, Paper & Furniture • Chemicals, Petroleum & Coal • Food & Beverage • Nonmetallic Minerals • Metals • Machinery, Computers & Electronics Source: Bnreoa of Bnsiuess and Etonomde Reserin-A Uniretsity oj.l foutmum nsiq data from, Bnrean of Elnno m, .4 J. Depmvm„ t of <.00nneire. A number of resources within the two- county- region provide assistance to manufacturers: Montana Manufacturing Center — MMEC («�v.mtmanufacturingcenter.com) provides assistance to small and mid -size manufacturers in becoming more competitive and profitable. NINIEC's home office is located in the College of Engineering at Montana State University in Bozeman, with field offices at the NISU TechLink Center and in Missoula, Italispell, Billings, and Helena. Montana Manufacturers Information System — MMIS (w-,vw.mmis.umt.edu) is an interactive database to help Montana manufacturers locate potential new customers and identify suppliers that are Montana firms, allowing money- to stay in the state. Montana World Trade Center mwtc.QQ� is a nonprofit organization whose purpose is to help businesses establish and strengthen their international commercial capabilities. The Center develops untapped international trade opportunities and helps businesses capitalize on opportunities to expand their market share around the world. PRO1;1'HRA B( <1'`1 ss Nr M ORK 2012 U.cotio.\m: PRoi 11 +' 1„ Gallatin Countv boasts some 190 manufacturing companies, and with another 30 in Park County, the two - county region is a key manufacturing center in the state. Some of the leading manufacturing companies in the area include: Action Lighting (www.actionli;htin) Lighting design Autopilot '.autooilresign.cotn) Product design, development, and engineering Big Sky Carvers .. bigskycaivers.com) Home decor accents ATK /BLACKHAWK! Manufacturing Montana (www.blackhaNvk.com) Tactical gear Cherry Tree Design (wlvw.cherrytreedesignoin) Fine wood furnishings Cleanwaste (wtv %cleanwaste.com) Personal human waste management for when plumbing is not available A1phaGraphics colonvorldl2rinters.com) Printing Croakies (w2vw.croakies.co1n Sports eyexvear retainers Dobeck Performance (wtvw.techlusion.com) Vehicle electric fuel injection kits Dynojet (w-ww.&noJet.com) ,lfteimarket performance products and diagnostic tools for motorcycle & automotive industries Gibson Guitar gibson.com) Acoustic and electric guitars HeadRoom Corporation (w-ww.headphone.com) Headphone amplifiers and gear Insty -Prints (w ww.instybozeman.com) Printing Mystery Ranch mN-stereranch.cr.rn) Backpacks for mountaineering, military, or fire professionals Op /Tech USA Optechusa.com) Neoprene straps and accessories Pierry Manufacturing Inc. ..pierry.com) Overland fire equipment systems, pump control systems, and products serving the printing industry: spray powder systems, water based coating and short wave drying systems Plastic Design and Manufacturing (wlvw.makeitplastic.com) Turn -key manufacturing programs and outdoor products for camping, FEhL1, and military markets Simms Fishing Products (1v3Ww.simmsfishin),.com) High performance technical clothing and outerwear Tow Haul /Smith Equipment USA (w w-w.towhaul.com) Heavy equipment trailers West Paw Design (www.westpawdesign�) Eco- friendly dog and cat toys and bedding 11R0,11P:RA 131 sj\i.,ss Ni: r %xoitK 2012 EwNomic PRUi.n.tL a I Real Estate While new home construction is still sluggish, the real estate sector has made up some ground. The number of single family residences sold ui 2011 is definitely showing improvement, compared to the last two years. Gallatin and Park Counties, along with the cities of Bozeman, Belgrade and Livingston have all shown an increase in the number of homes sold in that particular area ('fable 37). Total dollar volume increased in all areas of Gallatin and Park County. However, the average price has dropped in the Bozeman market by almost 7 percent. The remaining market areas experienced modest improvements of around 3 percent increases in average home prices. In the Gallatin County market, homes are selling in slightly less time that previous years, while in Park County the number of days on the market has increased. Table 37: Real Estate Trends for Gallatin and Park Counties Yea "-Number Total Doll rage Pric edian Price Days on Sold Volume Market Gallatin County 2009 688 $230,258,071 $334,677 $258,225 119 2010 796 $262,760,063 $330,101 $244,000 117 2011 911 $298,881,810 $328,081 $237,500 112 Bozeman and Surrounding Area 2009 462 $153,365,630 $331,960 $270,000 114 2010 530 $178,756,270 $337,276 $262,000 110 2011 600 $188,477,474 $314,129 $252,250 100 Belgrade and Surrounding Area 2009 157 $36,442,050 $232,115 1$192,500 106 2010 163 $31,409,503 $192,696 $174,000 94 2011 182 $35,750,451 $196,431 $175,000 101 Park Count 2009 112 $27,706,609 $247,380 $1 77,250 127 2010 138 $30,672,750 $222,266 $169,000 144 2011 150 $34,603,918 $230,692 $165,000 1 176 Livingston and Surrounding Area 2009 91 $16,352,243 $179,695 $164,500 113 2010 97 $15,623,400 $161,066 $149,900 121 2011 110 1 $18,544,518 $168,586 $142,750 132 d onn e: Gallatin .4.uodalron of Realtors — 3'outbmest .Llomtata 1lalliple Liatir {q Semii e. Due to the downturn of the housing economy, many houses have continued to be sold as short sales or have gone into foreclosures (fable 38). Both Gallatin and Park Counties suffered considerable in terms of the number of homes sold under distressed circumstances. Short sales were at slightly- over 10 percent of total sales, while foreclosures accounted for 20 percent of total homes sold in 2011 for Gallatin County-. Park County had less than 4 percent of homes sold as short sales, however almost 23 percent went into foreclosure (Tables 38 and 39). PRosi,i,Ai.% 131 titNl ;ss Nj- ]-%X o[tK 2012 1-.coNoNnt: Plttn nJ 4 Table 38: Residential Distressed Sales in Gallatin & Park Counties (Short Sales) Sonrre: (wallah Assoaatrar o/ Keallorr— JorllnuresI.Wonlano _Ullltirle listing Jerrlte. Table 39: Residential Distressed Sales in Gallatin & Park Counties (Foreclosures) Year Number Sold Total Dollar Volume Number Sold j Total Dollar Volume ! Average Price Median Price % of Total Sales Gallatin County $46,452,211 $213,084 $164,950 18.33% 2011 2010 91 $20,760,750 $228,140 $180,000 7.65% 2011 146 $30,416,526 $208,332 $150,000 10.15% Park County 41 $3,796,100 $92,587 $80,000 22.78% 2010 6 $1,423,000 $237,167 $175,000 3.73% 2011 6 $1,290,789 $215,131 $158,894 3.33% Sonrre: (wallah Assoaatrar o/ Keallorr— JorllnuresI.Wonlano _Ullltirle listing Jerrlte. Table 39: Residential Distressed Sales in Gallatin & Park Counties (Foreclosures) Sonrre: Gallatin : .uoriatron of Realtors — Sordbvert .Montana 11Ldtiple L.Lrting Senvte. Both Gallatin and Park Counties experienced modest growth in the number of single family residences sold in 2011 compared to the pre -vious year. These are encouraging figures despite forecasts that do not predict a housing recovery until 2013. Gallatin County had a 14.4 percent growth in home sales while Park County had an 8.7 percent increase (Chart 13). Chart 13: Number of Houses Sold - Gallatin & Park Counties Year Number Sold Total Dollar Volume Average Price Median Price % of Total Sales Gallatin County 2010 218 $46,452,211 $213,084 $164,950 18.33% 2011 289 $54,303,762 $187,902 $150,000 20.08% Park County 2010 30 $3,302,203 $110,073 $89,950 18.63% 2011 41 $3,796,100 $92,587 $80,000 22.78% Sonrre: Gallatin : .uoriatron of Realtors — Sordbvert .Montana 11Ldtiple L.Lrting Senvte. Both Gallatin and Park Counties experienced modest growth in the number of single family residences sold in 2011 compared to the pre -vious year. These are encouraging figures despite forecasts that do not predict a housing recovery until 2013. Gallatin County had a 14.4 percent growth in home sales while Park County had an 8.7 percent increase (Chart 13). Chart 13: Number of Houses Sold - Gallatin & Park Counties .Sonrre: Gallatin : l.unavtiar o(Rea/ tors — Sontlrve.,Y .Montana .ltrdtiple Lstirrq .rerrire. Yuu.nr.it:\i;t <iNrs <Nt nruttt: 2012ECUtiu.m ns:PFU.trn.r Number of Houses Sold Single Family Residences 1400 1224 1072 1200 959 911 1000 744 796 800 600 265 400 225 162 123 112 138 150 200 0 2005 2006 2007 2008 2009 2010 2011 —0—Gallatin County -se—Park County .Sonrre: Gallatin : l.unavtiar o(Rea/ tors — Sontlrve.,Y .Montana .ltrdtiple Lstirrq .rerrire. Yuu.nr.it:\i;t <iNrs <Nt nruttt: 2012ECUtiu.m ns:PFU.trn.r ns:PFU.trn.r Since 2005, Bozeman experienced a 26 percent decline in single family residences sold, whale Belgrade experienced a roughly 35 percent decline in sales, and Livingston dropped by approximately 47 percent since 2005. However, in 2011, all three cities saw modest increases from the precious year. Bozeman was up 13 percent; Belgrade experienced almost 12 percent growth; and Livingston saw an increase of over 13 percent (Chart 1.1). Chart 14: Number of Houses Sold — Bozeman, Belgrade & Livingston Number of Houses Sold Single Family Residences 900 816 - - - - 800 - 7 650 00 600 500 400 300 200 100 0 oimie: 699- -- 530 163 2005 2006 2007 2008 2009 2010 2011 O*mBozeman faBelgrade - APoLivingston oIfil, Isrodaiai o%Realtors— Soittbtvest.11outanu.11n /tiple UsIbIg Senike. PRoSt,r:R.N tat ;IN1:ss N1.nx oKK 2012 Ecovc »u1: PRoi n r, M 1 1 Banking According to the Federal Deposit Insurance Corporation (FDIC), 2010 Gallatin Count}• bank deposits were at a record high. As of June 30, 2011, Gallatin County bank deposits totaled just over $1.82 billion. Since 2000, deposits have increased by nearly 190 percent. Park County also experienced a record high for deposits into local banking institutions in 2010. Deposits into those banks were more than $306 million dollars. As of June 30, 2011 deposits totaled $305.8 million. Since June 2009, deposits have increased by roughly 66 percent. Chart 15: Bank Deposits Solnre: Feelend Depoed hisani re C=orporation (FDIC.). There are 27 banking institutions in the Bozeman market. Together, they accounted for 80 percent, or $1.47 billion dollars, of Gallatin County's total deposits by fiscal year ending June 30, 2011. In order of volume, First Security. Bank, First Interstate Bank and Big Sky Western Bank received the most financial deposits, totalling 46.81 percent of the market. Jointly, they encompass nearly 41 percent of the total banking offices within Bozeman (Table 40). Table 41 shows that the city of Livingston has five banking organizations. Livingston deposits totaled more than $252 million, or 83 percent of all deposits made in Park County. First Interstate Bank leads the way in total deposits with a 48.75 percent share, followed by American Bank and Sterling Savings Bank. PROriPF:RA Bt sitii..ss Ni. IlN (rill 2012 EcoNo%iic PRoi imd 41 Bank Deposits 2000 - 2011 $2,000,000.00 $1,800,000.00 51,600,000.00 - 51,400,000.00 - 51,200,000.00 - $1,000,000.00 $800,000.00 $ 600,000.00 "Emi i $400,000.00 $200,000.00 Kim n $0.00 - 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 MToial Gallatin County ($000) ■ Total Park County ($000) Solnre: Feelend Depoed hisani re C=orporation (FDIC.). There are 27 banking institutions in the Bozeman market. Together, they accounted for 80 percent, or $1.47 billion dollars, of Gallatin County's total deposits by fiscal year ending June 30, 2011. In order of volume, First Security. Bank, First Interstate Bank and Big Sky Western Bank received the most financial deposits, totalling 46.81 percent of the market. Jointly, they encompass nearly 41 percent of the total banking offices within Bozeman (Table 40). Table 41 shows that the city of Livingston has five banking organizations. Livingston deposits totaled more than $252 million, or 83 percent of all deposits made in Park County. First Interstate Bank leads the way in total deposits with a 48.75 percent share, followed by American Bank and Sterling Savings Bank. PROriPF:RA Bt sitii..ss Ni. IlN (rill 2012 EcoNo%iic PRoi imd 41 Table 40: Bozeman Bank Denosit Mnrket ShnrP �.;��z�L�'y�ya����i1 Institution Name Inside of Market Outside of Market # of Offices Deposits $000 Market Share /o # of Offices Deposits ($000) First Security Bank 4 $318,870 21.73% 5 $154,831 First Interstate Bank 4 $209,689 14.29% 72 $5,585,302 Big Sky Western Bank 3 $158,366 10.79% 2 $49,793 Wells Faro Bank 2 $155,366 10.59% 6,380 $760,998,636 US Bank 2 $133,792 9.12% 3,136 $198,273,769 American Bank 2 $127,544 8.69% 4 $155,138 Stockman Bank of Montana 2 $125,699 8.57% 23 $1,348,568 Bank of Bozeman 1 $61,766 4.21% 0 $0 Sterling Savings Bank 1 $45,629 3.11% 175 $6,556,020 Mountain West Bank 1 $39,308 2.68% 12 $529,727 American Federal Savings Bank 1 $39,286 2.68% 5 $170,576 Rocky Mountain Bank 1 $23,972 1.63% 8 $325,327 First Montana Bank, Inc. 1 $14,640 1.0% 8 $224,501 Manhattan Bank 1 $7,363 0.50% 3 $95,873 Yellowstone Bank 1 $5,898 0.40% 7 $327,649 Total Number of Institutions in Market: 15 27 $1,467,188 100.00% 9,840 $974,795,710 .l unrt r. ! Herr o! iir�lo �!! tu,enl ulRr l.Ul1JUl i!!!n // �l'1 ill., f/ /11('_1 / /!. Table 41: Livingston Bank Deposit Market Share Livingston Bank Deposits By Market Share as of, Offices and Deposits of all FDIC - Insured Institi Sorted by Market Share for Livingston Marl Inside . Institution Name # Of Deposits Mark • 111 • - First Interstate Bank _ 1 $124,087 48.7_5% American Bank 1 $62,110 24.40% Y - Sterling Savings Bank 1 $31,932 12.55% Wells Fargo Bank 1 $20,745 8.15% Bank of the Rockies 1 $13,279 5.22% Total Number of Institutions in Market: 5 5 $252,153 100.00% Sot/n-e: Federrd 15e/mret Iu,vnmire Colpon/fion (NOIC.). jime 2011. Pk0',P RA BI ,INI ,s Ni tit om, 2012 E(.oN;oN❑ <' Pius u.r Outside of Market # of Offices Deposits ($000) 75 _ $5,670,82_4 5 _ _$220,572 175 $6,569,717 6381_ $_7.61,133,2_57 5 $97,961 6,641 $773,692,331 Montana is known for its vast beauty and wealth of outdoor activities. The landscapes that Gallatin and Park Counties encompass are arguably some of the best examples of Montana's natural attractions. With mountain ranges lining the valleys, pristine rivers running through them, and Yellowstone National Park just a short drive away, the two counties offer a tremendous variety of outdoor recreational opportunities. Such amenities have established tourism as a major component of the area's economy. The data below illustrates the impact of tourism and recreation on the regional economy. Tourism and Recreation Americans Prefer Nature Over 75 percent of those polled in a recent nationwide survey stated that they would prefer to take a vacation to national parks on public lands, like Yellowstone National Park, rather than spend time away with family in the typical tourist hot spots such as Disneyland or Disneyworld. �"vw.Rodale.com In their ill7' '1 omrism $ashielses 2011 Reriew; 2012 Outlook research report, the Institute for Tourism and Recreation Research at the University of Montana surveyed 105 tourism - related business owners in Yellowstone Country and had favorable findings for the area, which includes Gallatin and Park Counties. More information can be found at wxv-w.itrr.umt.edu. • 54`0 of Yellowstone Country respondents experienced an increase in visitation in 2011, which tied the area with Custer and Missouri River Countries for highest reported increase. • Respondents were generally hopeful about the outlook for 2012, with 56" o stating that the} expected an increase in visitation and only l 1" o expecting a decrease. • 'I1ie top two reasons for a positive outlook were the amount of returning guests and pursuit of more /better marketing. • W'hile 690 o of those surveyed will make no changes to their business, 30" o are planning to expand or renovate. Economic Impact Tnhle 42 Montana Nonresident Traveler Quarterlv Travel Comoarison e • • • . .- • - N • . . .• I g Q Q •lllll Annual Total Information JanQ Mar (Apr Jun (Jul — Se (Oct Dec Nonresident 1,234,000 2,697,000 4,891,000 1,725,000 10,547,000 Visitors % of Total 12% 26% 46% 16% 100% Nonresident 543,000 1,117,000 1,987,000 868,000 4,515,000 Travel Groups % of Total 12% 25% 44% 19% 100% Group Size 2.33 2.40 2.44 1.98 2.33 # per group) Length of Stay 4.09 3.82 5.45 4.31 4.66 (nights) Avg. Expenditure $133.24 $127.96 $129.84 $140.65 $131.88 per Da % of Total 11% 20% 51% 19% 100% .Soonr.• Instillde for Towi3m and Rearalion KesezynA Unirer itp ot3lontdna. PROSPFRA 1131 si%Iss NC nx oRK 2012 EcoNO IIC PROI IJ &. According to the Institute for "Tourism and Recreation Research, each of the totals recorded below include the following: Direct Impacts result from nonresident traveler purchases of goods and services; Indirect Impacts result from purchases made by travel- related businesses; and Induced Impacts result from purchases by those employed in travel- related occupations. The totals in Table 43 are the combination of these three impacts. Table 43: Montana Nonresident Traveler Economic Impacts and Expenditures (Totals) Year o m Industry Out ut Employment Employee Compensation Proprietor tor Incom e 2009 $2,328,300,000 25,480 $569,000,000 $92,300,000 2010 $2,637,600,000 28,110 $661,600,000 $123,400,000 2011 * $2,228,800,000 28,210 $606,300,000 $96,600,000 Year Other Property Type Income State & Local Taxes Avg. Expenses per Day per Group Total Expenditures 2009 $323,300,000 $152,900,000 $116.09 $2,271,800,000 2010 $367,000,000 $180,500,000 $125.74 $2,480,857,000 2011 * $286,800,000 $275,700,000 $131.88 $2,774,340,000 Sol me: hisltlide /or L olmsti, wid Kerreedw Kesemrb, I_ arer.44 ot.11odla ua. 1`20I I Data is PIFAI.Vi1101).. According to the Montana Department of Commerce Office of Tourism, "T outs m is one Dt lei Iontana s leaelil g ll1ldI sifies and ptilvc1q l"e?�enile diii�e s. " A few facts about Montana tourism from the Office of Tourism and the Institute for Tourism and Recreation Research at the University of Montana: tK • 10.4 million visitors came to Montana in 2010. • These visitors result in 11 new customers per Montana resident for Main Street Businesses. • Visitors spent S2.4 billion in 2010 and $2.77 billion in 2011, infusing new money into Montana's economy. o For 2011, the S2.77 billion in local spending directly supported 52.23 billion of economic activity and indirectly supported $1.11 billion of economic activity, bringing the total contribution of nonresident spending to $3.33 billion. • Visitor spending generated $229 million in state and local tax revenue. • Every dollar spent on advertising yielded $157 in visitor spending in Montana. • For ever- bed tax dollar invested in advertising, $4.53 was returned directly to the state's general fund. • Without tourism tax revenue, it is estimated that each Montana household (avg. 2.5 people) would have to pay an additional $544 in local and state taxes. l^ "Monts na's Tourism & Recreation Industr• Fast Facts," Updated lanuary 2012, Montana Department of Commerce Office of Tourism, hhtp: / /traveltnontana.mt.gov /fact /I astFacts.lti� "2011 Montana Nonresident Traveler F,xpcndintres and Fconomic Contribution" April 2012, Institute for Tourism and Recreation Research, Universitti• of Montana. http : / /tiz.-%v.itrr.umt.edu /tionres/ 2011NonresSpendEconConttibution.pdf Nosrt:it.% 131 ;INLss Nt- nx uRK 2012 ECoNo%tIC PRoFU.i t., Chart 16: 201 1 Visitor Lxpenditures 2011 Visitor Expenditures N Retail Sales ■ Hotel, Etc. o Groceries HAuto Rental o Outfitter /Guide o Campground • Licenses /Fees ■ Transportation v Misc. Services • Gambling v Gasoline /Oil v Restaurant /Bar 34 oot 1-1 1% 1 %1 %2 %.L70 Song -e: Isatihde jar 1 ourisis and Kea -ea ion Kereem-A C-uirerrily o(.1Lo✓ttuuu. 12% .according to the Montana Department of Commerce Office of 'Tourism, tourism means jobs. Tourism and recreational businesses support 34,210 Montana jobs. Visitor spending provides $912 million in worker salaries. On average, each dollar spent by a nonresident traveler in Montana, generates 30 cents in wage and salary income for Montana. This is 13 °'o higher than the national average. Businesses included in the tourism industry include the following: • Hotels, motels, B &B's and dude ranches • Restaurants and bars • Outfitters and guides • Ski areas and private travel attractions • ;Museums and cultural facilities • Private and public campgrounds • Farmers and ranchers • Gas stations and convenience stores • Transportation companies • Retail shops • State and federal agencies The state's travel promotion budget is 22 °'o lower than the national state average. In a 2010 Conversion Studv, it was found that once Montana advertised in larger markets, travel destination to Montana rose 36 percent. Of those people that saw the advertisements, they were three times more likely to travel to Montana, compared to those that had not seen the advertisement. Funding for Montana tourism marketing results in increased visitor spending, which in turn increases income, property and corporate tat collections." P1 osm.1t.\ M ;r i �A Vl 1' \ \()ItK 2012 EcOVOnut: PROHLE P, Air Travel Bozeman Yellowstone International Airport (airport code: B'LN) is the second busiest airport in Montana. According to the Airport Director, Brian Sprenger, "Over tl e part forth }.-eat :r ottr etiiport is tl)e fitstest gro2vin air in ,lloatana." While the Billings Logan International Airport has more passenger traffic per year including intra Montana passengers, the Bozeman Yellowstone International Airport now brings more people to Montana than any other airport. With the addition of three gates, and new non -stop service to Newark /New York, passenger travel continues to improve significantly for our region. In 2011 the airport had a record number of passenger boardings totaling 397,882 which is an 8.9 percent increase over the previous rear. For YTD 2012 their passenger numbers are up nearly G percent compared to the same period last rear. Corresponding to the increases in passenger numbers is the number of locations serviced through Bozeman Yellowstone International Airport which are compared between 2000 and 2010 (Figure 4 and 5). Bozeman Yellowstone International Airport is the only airport that serves as a year -round entrance for two Yellowstone National Park entrances. It also serves the recreation areas of Big Skv Resort, Moonlight Basin and the Bridger Bowl Ski Area as well as the business centers of Bozeman, Belgrade, and Livingston and higher education at INIontana State University. In the summer of 2011, the Gallatin Airport :authority opened a $40 million dollar "state of the art" terminal expansion that more than doubled the original terminal's size. Three gates were added, as well as a third baggage carousel. A larger passenger and baggage screening area and food, beverage and retail concessions completed the new expansion. This project has employed between 110 — 175 construction personnel. The two -year project was fully funded without any local taxpayer monies. In Julv 2012, U.S. Customs and Border Protection opened their state of the art federal Inspection Service User Fee Airport Office. This facility will enable private international flights to make direct flights into Bozeman and open up economic development opportunities to develop a Foreign Trade Zone designation. Table 44: Bozeman Yellowstone International Airport Volume Year Deplaned Passengers 2002 278,473 2003 282,871 2004 310,558 2005 336,803 2006 315,912 2007 335,598 2008 351,281 2009 340,563 2010_ _ 365,210 2011 _ 398_,288 Sorore.• C;eittdti n Field .- lirport. 012 Posseli - & Tower 0penr ions Repoa. PHO) >111 R \ BI ;i Ni ss Ni - INN URA 2012 LCONOMIC PR M I I.1, Enplaned Passengers 274,499 281,052 - _ -- 308,985 _ 335,679 317,850 _ 335,276 351,214 342,71.4 362,828 397,822 Figure 4: Non -Stop Destinations from Bozeman: January 2000 ^ivv Seattle:Taconih l Butte `•BOzelnan + blwneapoLsP.M. Pold Salt Lake City �T I Janualy 2000 So//re. $/vw "i fireuger— Butiem�m l /Inrurtnrre luterirutio✓ral. Iira7. Figure 5: Non -Stop Destinations from Bozeman: June 2012 Seattle /Tacoma ) i 1. Portland Bozeman Yellowstone International Airport Ivli ' eapolis St�anl i i Oakland - Salt Lake City 1 Chi go O'Hire '1Vework /Nei I Sin Francis • Denver: ( . La§�V� gas - �. Los Angeles i Phoenix /Mesa \ I- \\ ,Atlanta SO / /RT: Biim Spirger— B&ZeA /dll Ylllon -slow Intervatio/ed.-lnliort. - - - " - -- -- _ - - - -- INo,;PPN:\ Bl s1NP:ss NI_.'I1:U2K 2012 EcoNo Nflc PKOt It.l II Ski Resorts Skiing in Montana brings in people from all over the world. Big Sky Resort, nestled in the Southwest Rocky Mountains, offers world -class skiing and riding with over 400 inches of snow on average per year. At its highest point, bone Peak, skiers stand at 11,166 feet. Not only do families come for the winter season when children under 10 ski free, but there is much to do and see during the summer as well. Big Sky had over 340,000 skiers this past year — its biggest numbers to date. Their record - breaking season was in spite of generally poor snow conditions, and during a time that most other resorts' visitation numbers were down by 20 percent. "' Bridger Bowl is a nonprofit ski area offering an exceptional ski experience. With outstanding effort and assistance from local volunteers, businesses, staff and dedicated pass holders, Bridger Bowl is a cornerstone for Bozeman's recreational community and a major contributor to southwest Montana's vibrant winter tourism economy. In the 2011 -2012 ski season, Bridger Bowl was not able to open all of its runs until mid January and therefore experienced a significant drop in visitation due to the lack of snowfall. Table 45: Biq Sky Resort and Bridger Bowl Visitors 2004 -05 290,000 158,000 2005 -06 323,000 183,812 2006 -07 308,000 135,555 2007 -08 310,000 196,569 2008 -09 285,000 188,621 2009 -10 297,000 199,061 2010-1.1. 340,000 210,966 2011 -12 340,00.-0+ 148,074 Saun e: ewd Blittger Bowl Chad ones, Public Relations Manager, Bic; Sky Resort. PRo -,m. R i Bc il\L,,s ni1:11 oRK 2012 Ec;o,,*omic PRoi 11.1• ;, Visitation Dynamics Chart 17: Vacationer Population by State /Province Residence 2010 Vacationer Residency Alberta Arizona British Columbia California Colorado Florida Idaho Illinois Minnesota Missouri New York North Dakota Ohio Oregon Pennsylvania Texas Utah Washington i Wyoming I 0% 1% 2% 3% 4% S% 6% 7% 8% 9% 10% Percentage of Visitors Surveyed Snmre: °V,he \etw:'1)l0I aeal tntierC. YnuikYerrrl ias" jn/)_70//. hwitaleta •7nmiun::'ReorallonRe+eai-h.I wrosilro /.1lonlnto. Vacationers cite many reasons for coming to Montana, but the majority- of them are drawn to the state because of its beautiful mountain scenery and wide open spaces (Table 46). National parks like Glacier and Yellowstone are important attractions as well, giving visitors unparalleled opportunity to view diverse wildlife populations. Montana offers a great variety- of activities for travelers from a wide range of places (Chart 17). Hiking in the mountains, blue ribbon trout fishing, family camping trips, and remote hunting adventures are just a few of the many activities offered in this great state. TnhlP 4A- Mnntnnn's Tan 10 Attractions for Vacationers ILYA L*J a 0 a a •• 777 Rank Attraction % Vacationers Who Cited Item as an Attraction 1 Mountains /Forests 62% 2 Yellowstone National Park 62% 3 Open space/Uncrowded areas 46% 4 Rivers 43% S Wildlife 42% 6 Glacier National Park 39% 7 Lakes 31% 8 Native American History and Culture 17% 9 Lewis and Clark History 17% 10 Fishing 17% .Sotmrr: "Ah-he Aenw: 2010 1 uidtiouerC,G trurlrn.;hrs inl) _011. 12+1111tle /or 1 ontrcnt E' Keovation Ilearmrh, 1. ntrewl)? o/ .11ontana. Puu <t t tz.1 Bt SiNr,,• Nt. t '\t oa)< 2012 EcoNo.,ow Pkrn 11 t Although Yellowstone National Park is primarily located in oming, approximately 65 percent of park visitors enter the park via a Montana entrance during their trip. In 2003, more than three million visitors came to the park. From 2004 to 2006, numbers were down; however, in the nest few rears, visitor numbers steadily climbed, with a slight decrease in 2008. `I•he park had a record number of visitors in 2010 and saw its second highest visitation numbers on record in 2011. Table 47: Yellowstone Nntinnnl Pnrlc Vicitnrc - Natio-n-all Park Visitors, Year Number of Visitors 2003 3,019,376 2004 2,868,316 2005 2,835,649 2006 2,870,293 2007 3,151,343 2008 3,066,580 2009 3,295,187 2010 3,640,184 2011 3,394,326 J onrre.• _ aVow1 11ar1z Jen n e. State Adopts Geotourism Charter Geotourism provides an authentic travel experience while at the same time sustaining and even enhancing the geographical character of the destination. The aspects of a travel destination which must be supported and conserved for geotourism are: • Local environment • Heritage • Aesthetics • Culture • Well -being of residents Montana Tourism Advisory Council w v.TrovelMontana.mt.gov In 2007, the :Montana 'Tourism Advisory Council created and adopted the Montana 'Tourism and Recreation Charter, establishing eight geo- tourism guiding principles, which are listed below.'" "llie charter is based upon that of The National Geographic Center for Sustainable Destinations and is intended to help maintain and sustain the uniqueness of ;Montana. 1. Maintain integrity of place and destination appeal. 2. Promote and highlight the businesses, services, and opportunities that are unique to Montana. 3. Promote sustainable resource conservation, including conservation of energy, water, and wildlife. 4. Participate in and help lead community stewardship partnerships to maintain Montana's assets. 5. Identify and appeal to markets that value and seek to help sustain Montana's distinct character. 6. Foster a diversity- of products and services that meet the demand of a demographic cross - section of the "geotourist market." 7. Ensure visitor satisfaction and an enduring market demand through education of Montana residents about the benefits of sustainable tourism. 8. Work with the Institute for Tourism and Recreation Research, Travel Montana, and other tourism organizations throughout the state to evaluate effective implementation of the Tourism Charter. "Montana Tourism and Recreation Charter", Montana Office of Tourism http: // tray -elmotitana.mt.&Yx)v /cliarter/ YKo,;111:K 1 Bl Ni. : IlX ORK 2012 EcoNomw Pitoi u.1 ,.1 Energy NorthkVestern I'.nergy provides regulated electric and natural gas transmission and distribution services to more than 668,300 customers across Montana, South Dakota, and Nebraska. The utility provider employs 1,400 people and had a net income of 592,556,000 in 2011. Northwestern Rnergn serves 339,400 electric customers in 187 Montana communities with 7,000 miles of transmission lines, 17,300 miles of distribution lines, and 222 NAX' of baseload power generation. With regards to natural gas, the utility provider serves 182,100 customers in 105 Montana communities with 2,000 miles of intrastate transmission pipelines, 5,000 miles of distribution pipelines, and the capacity to store 17.75 Bcf of gas."' Montana ranks 40`x' in the US for residential electricity prices and 41" for residential natural gas prices according to the Energy Information Administration. 11 Table 48: Utility Rates Residential Electricity 9.88cents /kWh 1 1 .95 cents /kWh Aril 2012 Commercial Electricity 9.06 cents /kWh 9.86 cents /kWh Aril 2012 Industrial Electricity 4.74 cents /kWh 6.44 cents /kWh Aril 2012 Petroleum Domestic Crude Oil $83.88 /barrel $103.67 /barrel Aril 2012 Natural Gas — Wellhead $3.64 /thousand cu ft $4.48 /thousand cu ft 2010 Natural Gas — City Gate $3.74 /thousand cu ft $54.21 /thousand cu ft Aril 2012 Natural Gas — Residential $8.1 ]/thousand cu ft $10.75 /thousand cu ft Aril 2012 Coal (Average Open Market Sales Price) $15.12 /short ton $35.61 /short ton 2010 Coal (Delivered to Electric Power Sector) $2.42 /million Btu Aril 2012 Soartr: F.uer,)• Iuforirtation _- tImMistratiau..Slate F_uei.v. Irrjorrnatiou Oreniem *Dicta wtbbeld to oroid diselo.mre of aidir•idnal mnipaag data Montana Quick Facts' • The Bakken shale under Montana and North Dakota, one of the largest accumulations of crude oil in the United States, is currently estimated to be capable of producing 3.7 billion barrels of oil; the U.S. Geological Survey may raise that estimate as development continues. • As of the end of 2010, Montana held over one - quarter of the estimated recoverable reserve base of coal in the United States and was the sixth largest coal- producing State in 2011, supplying 3.8 percent of U.S. coal and distributing it to 13 States. • Montana's four refineries, with 29 percent of U.S. Petroleum administration for Defense District 4 (Colorado, Idaho, Montana, Utah, and Wyoming) refining capacity in 2011, are able to process heavy Canadian crude oil for regional markets. • Wind electric power generation grew by 34 percent in 2011 and supplied 4.2 percent of State's net electricity generation. • Montana has created a Renewable Portfolio Standard for all electricity suppliers to be capable of generating 15 percent of electricity from renewable energy resources by 2015. 21 2(111 _annual Report, Northwestern Luerg. http: / /vti-,�&- v.northxvestemenerFn•.com /documents /in-%•estor /.knnualReport2ol l.pdf -'' \tontaika State Energy Profile, U.S. F riergy Information .kdmiiustration. http: / /-,,-\vtc.eia.goe /state /state- energ,�- profile s -anal sis.cfm ?sid = \fI• PRo "i'rRA Bi �;im %s Ns'r ,,r ow, 2012 1 {I;UPiOMIC PRUru.r ;, Resources and Consumption `.Montana is fish in fossil. fi /el Irsoinvei and n iewable ene y polential. Its ,geologic• basins hold more than one- ///I/) g1'1he Nation's estimated rreoremble coc1/ irsenles. Monlana' eave'l71 basins al o hold large deposits of oil and gar. River.; flowing fiow Montana's Rocky Moniltains offir silbstantial hydroelect/ic• pourer relounrs•. Montana colllain,+ considerable hind energy' potential thiwo ghout the State. ,Ilontana'r population and toted energy demand air low. f loweier, the .Slate eeono.,yy is energy ZilteirJ7lv and per iapita etle/gy tO1lSZrnlptl0tl IJ' lrlalll8'ly hlgh. The indusIt al sector, which includes the energy- Z /Zte1Z,fZt,e m1r11i1g ZlTdlrstiy', dominates Slale enei;y coilsuiilptioil. "— Energy Information .Administration'` During 2010, Montana's total energy use was 405 million Titus. This earned Montana a ranking of 14"' in the nation for per capita energy use. %YVithin the state, there were 3,841 alternative- fueled vehicles in use and total ethanol consumption in 2010 was 863,000 barrels. Overall, the state accounted for 2.20'-o of U.S. electric power industry emissions in 2010, with 20,369,529 metric tons of carbon dioxide emissions, 23,033 metric tons of sulfur dioxide emissions, and 21,197 metric tons of nitrogen oxide emissions.'` Petroleum Largely due to the fact that three of the nation's 100 largest oil fields reside within the Williston basin which corers eastern :Montana and western North Dakota, Montana accounts for about two percent of U.S. crude oil production. Currently, pipelines travel south to Wyoming and east to markets in the Midwest. Refineries for regional markets are in place near Billings, primarily- using crude oil from Alberta, Canada and Wyoming. An extension to the Keystone XI, Pipeline has also been proposed that would pass through Montana on its way- from Canada to Texas and the Gulf Coast.,, Natural Gas Approximately three fifths of households in ;Montana rely on natural gas for their primary heat source. Montana produces a relatively minor amount of natural gas, consuming roughly- three fifths of its production and exporting the rest to other states. A number of transmission pipelines travel through Montana, transporting Canadian natural gas to markets in the Midwest.2` Coal, Electricity, and Renewables ".11vntana tniieally accounls fnr rou ghly 4 pereew of total annual L'.S. coal prlldnetion. llie tiZ4orYty nf•Rlortlarrcr's olitput is piodured fivii1 several hilge sillyaee Ivinef in the Powder River Basin, which straddles the border between iliDiltclna and lk'yoiiling. ]rist over one fourth of Montana's coal proebl lion is bred fir State electricity generation; Montana delir)ers the irinainder to tnrlrketr in molr than 15 States. Minnesota and Mich gan ell? the lalgesi recipients of 'Alontana coal. "— Energy Information Administration'^ Roughly two -thuds of Montana's electricity generation is from coal -Fired power plants. Hydroelectric power accounts for most of the remainder. Montana is among the leading hydroelectric power producers in the United States, and six of the state's 10 largest generating plants run on hydroelectric power. The State has also initiated programs to expand and enhance hydroelectric power capacity and boasts a number of wind farm projects in the central part of the state. High - voltage transmission lines connect Montana to other western electric power grids, which allows the state to export large amounts of electricity.' In 2011, Northwestern Energy announced plans to construct a =10- megawatt wind farm in central Montana over a two -year period.'' PRO'SM,RA Bk iiNi "ss Ni: INXORK 20121:c;otioallc PROI iix ,,, Montana State University Bozeman Montana State University (IISL') in Bozeman has been an economic anchor to the region's economy for many rears. As Montana's only land -grant university, IISU is dedicated to serving the people of Montana. Providing education on four campuses (Bozeman, Billings, Havre and Great Falls), as well as Montana Agricultural Experiment Stations and coun"- Extension offices, and also conducting research and outreach, IISU makes significant contributions to Montana's economy. According to XISU's 2010 Economic Impact Report, as a result of the presence of the NISU system statewide (excluding 1NISU Extension): • 13,511 Montana jobs are available statewide. MSU Remains One of Nation's Best U.S. News & World Report once again ranked MSU in the top tier of the nation's best universities. MSU tied for 189 "' due in part to its many unique research facilities, the world class Museum of the Rockies, and the fact that 42 percent of MSU's classes have less than 20 students. w~v. USNews.com /education • More than 5897 million in after tax personal income is generated. • ;Montana receives $2.60 in tax revenues for even- $1 of tax support. • The presence of NISU increases annual wages in Montana by S 1,087. • IISL' increases investment spending in Montana's economy by S349.3 million. As of fall 2011, ;\ISU employed 3,012 permanent faculty and staff positions, along with 567 graduate students as teaching and /or research assistants. NISU is the region's largest employer. The university had $148,588,904 in total expenditures in the 2010 -2011 academic year. Total enrollment (full time and part time) was 14,153 in fall 2011. Estimated per capita student expenses (tuition for resident full time undergraduate, plus room and board and personal expenses) were 518,548 in 2011. The estimated per capita expenses for non - resident students were 531,273. With over 9,890 resident undergraduate students, NISU's economic impact on the area is immense. During the 2010 -2011 academic rear, NISU reported revenues of over $148,557,700. Of this amount, 33 percent came from state appropriations, 66 percent from tuition and fees and 1 percent from miscellaneous resources. NISU currently holds 81 patents for innovations and processes developed through faculty research with 81 additional patents pending and had 200 license and option agreements with private firms, 98 of which are Montana companies. As stated by �ISU, it has the distinguished reputation of being "de�zgnated as one of- 108 /ySearch unirler:rities rvitlr `nery high reseclreh cretinily' Gy the Carnegie Fozraclution frrr the 'lcivairee>llerrl of "1'eaeliiug. MSC' a(firs .4,911 leant opportunities for reseanA seholev-ship, and rreatim work. This bighe.,t tier clas.ifieation — out of 4,600 I/IJtltlltlo /I.f — distinguishes AL as the or11y institution In the five -State region of illonlana, If% yo)7 inn, Idaho, and North and South Dakota to acldem this level ofresearrb prominence. " In the fall of 2010, the Montana Board of Regents approved the first steps of expanding Montana State University's Bobcat Stadium. According to IISU President Waded Cruzado, the renovation for this project was estimated to cost $8 to $10 million. Through a financing arrangement, the university matched $4 million that will be repaid from future athletic revenues. No state fiends, student fees or tuition dollars were used to fund this project. PRO OPERA 131 ;mss N1• r%%tmK 2012 ECONOMIC Peat LE �- By mar end 2010, MSU announced that the S10 million fundraising goal had been reached. Over 700 private donors contributed to the project. The renovation was completed by the first home WISE` Bobcat football game in September 2011, which hosted a record - breaking sellout crowd of over 18,000 fans. The 37 -year -old stadium received a new scoreboard, locker rooms, public restrooms, concession facilities and an upgraded "Pepsi Lone ", as well as additional seating on the south end of the stadium. The project also added ADA access and required egress and site utilities. Per Montana State University's website, there were 2,669 first year freshmen students registered in the fall of 2011. The average age of a traditional student was 18.6 years and the average age of a nontraditional student was 22 rears. Situ- percent (1,595 students) of entering freshmen were Montana residents. The remaining 40 percent (1,031) were from other states or foreign countries (Table 49). Table 49: MSU Total Enrollment Enrollment 1 Region of Origin Undergrad Graduate Total % Montana 7,833 979 8,812 62% Other U.S. 3,992 885 4,877 35% Foreign 363 101 464 3% Unknown 0 0 0 0% Total 12,188 1,965 14,153 100% ., un,(r..,,oWMBI., crier /III -el :1if 1. A few of the recognitions and awards that Montana State University has achieved include the following: • MSU was included in BusinessWeek.com's article about 10 schools making their mark with innovative tech transfer programs. The article, "Small Schools' Big Tech Dreams," is based on a report sponsored by the National Science Foundation highlighting a number of smaller university programs that are developing new technologies through academic research, licensing the inventions, and helping launch businesses that use them. • MSU education students have outscored their peers on 14 of 15 national exams that they are required to take before becoming teachers. The program is accredited by the Montana Office of Public Instruction as well as the 'Teacher Education accreditation Council. The average score for iiISU elementary- education students was 7 percent higher than the average score of other students in the U.S. • MSU School of Architecture's design -build program has been featured in some of the largest and most prestigious publications devoted to architecture, including the Architectural Record. The magazine cited three 1NISU projects: the Khumbu Climbing School, a sustainable building in Phortse, Nepal where Sherpas learn safe climbing skills; the renovation of an igherm (or grain storage building) in Zawiya Ahansal, Morocco; and the Hyalite Pavilion, a structure on the Hvalite Reservoir in the Gallatin National Forest, south of Bozeman. That project won a 2010 AIA Montana Honor award. Yia sm. it:% Bi si m s.,, Nr [ -%xmK 2012 Fa:ovomnr. YROi 11.4 Table 50: Bozeman Deaconess Hospital by the Numbers Doane: lio;eu w Deaioaess Il spital, 2011 Report to the Camvnaift. As a nonprofit hospital, Bozeman Deaconess Hospital reinvests any net income into healthcare services, technology, and facilities such that these advanced services are state of the art and always current. As noted below, the amount of charity care assistance and unreimbursed costs was over S8 million, a 57 percent increase over last Sear. With its generous sponsorship to various businesses and organizations in the valley, it provides the tools needed to stay healthy- and to maintain a good quality- of life. Whether collaborating with a business or organization, playing a major sponsor to an event, donating a service, product or prize, Bozeman Deaconess Hospital maintains a high level of social responsibility. Overall in 2011, the total amount of community benefit was more than S16 million. In keeping with the hospital's commitment to fiscal and social responsibility, in 2012 Bozeman Deaconess launched a reprocessing initiative that diverts single -use surgical devices from landfills and incinerators to a reprocessing plant in Minnesota. A hospital similar in size to Bozeman Deaconess was able to divert 3,300 pounds of waste in a 12 month period with a similar initiative. Materials are cleaned according to FDA standards, refurbished, tested for functionality, sterilized, and returned to the hospital at half the cost of new devices. Plastic materials and precious metals that cannot be reprocessed are recycled into a Heide variety of consumer products after sterilization. 24 Table 51: Community Benefit Statistics _71 jjl I Commun4 P!i- qjp% Statistics Financial assistance (Charity Care & unreimbursed costs Medicaid $8,016,457 22,954 emergency room visits 17,324 inpatient days 1,082 births 1,913 inpatient surgical visits 3,432 outpatient surgical visits 1,384 blood bank rocedures 141 diagnostic cardiac 114 coronary interventions 2,516 inpatient EKG's catheterizations 133,045 inpatient laboratory 291,773 outpatient laboratory 3,432 outpatient EKG's procedures I procedures Doane: lio;eu w Deaioaess Il spital, 2011 Report to the Camvnaift. As a nonprofit hospital, Bozeman Deaconess Hospital reinvests any net income into healthcare services, technology, and facilities such that these advanced services are state of the art and always current. As noted below, the amount of charity care assistance and unreimbursed costs was over S8 million, a 57 percent increase over last Sear. With its generous sponsorship to various businesses and organizations in the valley, it provides the tools needed to stay healthy- and to maintain a good quality- of life. Whether collaborating with a business or organization, playing a major sponsor to an event, donating a service, product or prize, Bozeman Deaconess Hospital maintains a high level of social responsibility. Overall in 2011, the total amount of community benefit was more than S16 million. In keeping with the hospital's commitment to fiscal and social responsibility, in 2012 Bozeman Deaconess launched a reprocessing initiative that diverts single -use surgical devices from landfills and incinerators to a reprocessing plant in Minnesota. A hospital similar in size to Bozeman Deaconess was able to divert 3,300 pounds of waste in a 12 month period with a similar initiative. Materials are cleaned according to FDA standards, refurbished, tested for functionality, sterilized, and returned to the hospital at half the cost of new devices. Plastic materials and precious metals that cannot be reprocessed are recycled into a Heide variety of consumer products after sterilization. 24 Table 51: Community Benefit Statistics _71 jjl I Commun4 P!i- qjp% Statistics Financial assistance (Charity Care & unreimbursed costs Medicaid $8,016,457 Community health improvement services & benefit operations $396,212 Health professions education $161,873 Subsidized health services $6,988,386 Cash & in -kind contributions to community groups $532,346 .i'o,l„P: &Zeinmi Deaewea Hospital 2011 Repoli to the C:oirvuuafitp. Community Health Report Findings Professional Research Consultants, Inc. was commissioned by Bozeman Deaconess Hospital, Communim Health Partners (CHP), and the Gallatin City - County Health Department to assess conditions in Gallatin, Madison, & Park Counties. As stated in the 2011 Report, the PRC Community Health .Assessment is: , -1 Jyvenlatit, Plata - driven approach to dleterininiq Me health Jtatits, behaviors and needs of irs denis in Gallatin, Madison e- Park Counties, Alonlana. ....4 eomlwlnily heallb as essnient proililles the infol'lnation so that oommliniltes nlay idenq� issues Of'g ealetit concern and decide to iolnnlil tesourief to those areas, lhereby makiq the ,greatest possible impact on ionlln n1 ly health . +tatus. 24 `Bozeman Deaconess Launches Materials Reprocessing /Recycling Initiative." January 20, 2012, Bozeman Deaconess I lospital http://«- ti-% v. bozemandeaconess .org /article.php ?id =436 Miosi,rwk Iii Ni,1AXORK 2012 Ec:oNonnr. PRmtt ii 61 This Community Health :Assessment is intended to support reaching three basic goals: • 'I'o improve residents' health status, increase their life spans, and elevate their overall quahrY of life. • To reduce the health disparities among residents. • T'o increase accessibility to preventive services for all community residents.,' Chart 18: Ratings of Overall Healthcare Services Available in the Community Ratings of Local Healthcare Services 5.50% 1C 24.80% 3% Excellent Very Good Good Fair Poor Sounn _011 PRC: C:olliltllloilt- FIevbb Repol7. " Plvfessioual Resem % C.olJSUlttJnls. ble. Chart] 9: Self- Reported Health Status Self- Reported Health Status (Total Area, 201 1) 8.4% 5.7% ■ Excellent / 28.8% 19.1% Sonar: 2011 PR(.'( 38.0% 1Q.rezvrh Consnttantr. -' "2011 1'RC Community 11ealth Report." Professional Research Consultants, Inc. http://%,,iv�v.bozet-naiideaconess.org/reports Pttosm.. : Bt w,t.ss Ni iv ORK 2012 Ect)1t »Uc. Pxurn.t Very Good Good Fair Poor • MSU was selected as the sixth university -based Wind Application Center (WAC) by the U.S. Department of Energy's National Renewable Energy Lab program. The long -term goal of this nationwide program is to promote wind as a clean, viable, and sustainable energy source for today and tomorrow. • MSU is in the top 20 colleges and universities in the nation for number of Goldwater Scholarship recipients. As of 2011, 53 INISU students have received the Barn- itl. Goldwater Scholarship, the nation's premier scholarship for undergraduates studying math, natural sciences, and engineering. MSU 's rank puts it just behind Yale and MIT and ahead of other distinguished institutions including)ohns Hopkins, University of Washington, Purdue, and University of Minnesota. • MSU student received 2011 Pearson Prize National Fellowship. The student was one of 20 across the country to receive the major award for leadership in community service. • MSU flagship universities joined a partnership with the National Girls Collaborative Project (NGCP) to promote science, math, technology and engineering education for girls as part of the state's recent acceptance into the program. MSU becomes one of 24 collaborative projects serving 33 states and indirectly serving more than 5 million girls with the acceptance of this partnership. • MSU was awarded $102.7 million in research funding. By fiscal year ending June 30 2011, MSU showed their: growing strength in biomedical sciences, energy and the environment. The university prides itself on providing hands -on research opportunities for every undergraduate as part of its core curriculum and the EPSCoR program received an award of $4 million a year for five years, to research environmental and ecological sciences. • For their community involvement, students at MSU were recognized with the Newman Civic Fellows Award and the Berkeley Prize Travel Fellowship. 'The student group, Engineers without Borders at INISU, was recognized as one of only four programs nationally to win the W.K. hellogg Outreach Scholarship Award for their efforts to bring drinking water to villages in western Kenya. • MSU Recognized by Carnegie Foundation for the Advancement of Teaching in 2011. The Foundation awarded 'NIS(.' its community engagement classification, which brings national recognition to NISU's commitment to teaching that encourages volunteer service in communities and the spreading of knowledge that benefits the public. • MSU Extension Agents Receive National Awards. Cascade County 1NISC. Extension Agents were recognized by the National Association of Community- Development Extension Professionals (NACDEP) for leadership in working with community members to develop, implement and coordinate a new program to address poverty in Belt, Montana. • MSU Earns Top Spot on 2011 Peace Corps Top College Rankings. Montana State University ranks number 18 on Peace Corps' 2011 rankings for colleges and universities with enrollments between 5,001 and 15,000 undergraduates. It is the first time the university has been on the rankings since 2007. There are currently 25 ISIS U undergraduate alumni serving as Peace Corps volunteers, a 25 percent increase from last year. Since 1961, 427 INISU alumni have served as Peace Corps volunteers. MSU has nine Rhodes Scholars. The ninth Rhodes scholarship given to an NISU student was in 2010. The recipient was one of 32 winners of arguably the most prestigious scholarship in the world. Pimsm.R:� Bl 51'`1 ?,,S Nvn%m a 2012 Ecowmlc PRmn.[. ;� Bozeman Deaconess Hospital According to research conducted by the Raiser Family Foundation /Health Research & Educational 'I•rust, the average annual premium for employer- sponsored family health coverage increased 9 percent in 2011 in comparison to a 2.1 percent increase in workers' wages. The Small Business & Entrepreneurship Council's "Health Care Policy Cost Index 2012" ranks Alontana 8 "' in the nation with favorable policy measures aimed at keeping health care costs reasonable. According to Gregg Davis, director of health care industry research at the Bureau of Business and Economic Research at the University of Montana, the health care industry represents about 10 percent of the state's economy as measured by GDP.'' Bozeman Deaconess Hospital defines itself as: Bozeman Deaconess Awarded an "A" for Patient Safety The Leapfrog Group, an independent national nonprofit, recognized Bozeman Deaconess Hospital as one of three hospitals in Montana to receive an "A "rating. This score is calculated from 26 measures of publicly available hospital safety data and places Bozeman Deaconess in the top 25% of hospitals in the nation. www. BozemonDeaconess. of www. hospitalsofetyscore. oig Phil CO uvission accredited, lieensed Ler�e11H trewma center, Ivaded in Gallatin Corillo. The 86- bedjiieiltly .teives soulhwesl Alontana inchicliq Gallatin, Madison and Park Counties. Bo:Zeman Deaconess Haspited has earned the repulalion o 1pior.4clirtg high duality of serrites tit reiy reasonable rates. Thephy.,itians on the medieal stgff represenl Immerolis speciallies along with the lii,best ererlenticils, lrcrinir {g, and e.%perti+e in their fields n% pratlice. "— Botiemetn Deaconess Hnspilal Originally- constructed in 1896 under the name of Bozeman Sanitarium, the 20 bed hospital was Bozeman's first. In I911, the Sanitarium was purchased with assistance from the community, and Bozeman Deaconess Hospital was incorporated. Bozeman Deaconess Hospital has been an integral part of the Gallatin Valley- for over a century and celebrated its 100 "' anniversary in 2011. It is the largest private employer in Gallatin County with over 1,000 frill and part -time employees. In order to meet the growing service demands of the local population, Bozeman Deaconess has consistently expanded services and facilities. In 1999, Bozeman Deaconess Hospital began an expansion of their existing emergence room to a 10 bed capacity unit. "1•his emergency room, with its additional space, became a state of the art facility made to accommodate 15,000 patients per year. This same amount of space treated close to 23,0(1(1 people in 2010, exceeding capacity by 53 percent. On September 12, 2010, Bozeman Deaconess Foundation announced a $9 million capital campaign to assist funding the $15 million expansion of the Bozeman Deaconess Hospital emergency room. 'I'his fundraising effort, called 'I'he Cornerstone Campaign... Realizing the Vision was the largest campaign to date for the hospital, and exceeded their goals as of September 2012. Phase one of the emergency services department expansion was completed in July of this year, with the next phase scheduled to be completed in early 2013. -z Montana Business Quarterly Volume 50, Number 1, Spring 2012. PH(riVP.RA Bt vtil'ss NP tmuccx 2012 Ec o%-omw PRUt•IL1. �„ Chart 20: Leading Causes of Death 36.8% Leading Causes of Death (Total Area, 2009) 5.1% 5.9% 7.0% YO -i Heart Disease Cancer Unintentional Injuries CLRD Stroke 19.4% Intentional Self -Harm Other Conditions 1 ^i r r •1 n n .I .I 11 1 C. �.IIUII LI I UC.IVIJ \_VIIIfIUUlllll w VGJIUIGJ I Factors Contributing to Premature Deaths in the United States 5% 15% 30% • Lifestyle Behaviors • Genetics 40% e' Social Circumstances ■ Medical Care Physical Environment 1 I PRC Cammmitr Ilbalth Rebod. " Prote sional Researd) C amwllnnts, Ine. As shown in the charts above, the majority of area residents have a favorable impression of local healthcare services and also view themselves to be in good to excellent health. This is not surprising considering the area's high quality of life rankings and the region's tendency to attract residents who are active outdoor enthusiasts. Aside from the other conditions category, heart disease and cancer are the leading causes of death in the area. Finally, in the United States as a whole lifestyle behaviors are reported to be the largest determining factor for premature death, closely followed by genetics. PRo SPi ?R.1 Bt tiitiifSS N1:1',tt 14K 2012 EcoNomic Petii n t•, (11