state of the sitka economy 2008 l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
State of the Sitka Economy, 2008 PowerPoint Presentation
Download Presentation
State of the Sitka Economy, 2008

Loading in 2 Seconds...

share
play prev play next
play fullscreen
1 / 43

State of the Sitka Economy, 2008 - PowerPoint PPT Presentation

  • 258 Views
  • Uploaded on

State of the Sitka Economy, 2008. Prepared for: Sitka Economic Development Association Prepared by: McDowell Group, Inc. March 25, 2008. Presentation Contents. State of the Sitka Economy Southeast Regional Economy Visitor Industry Indicators Seafood Industry Profile

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'State of the Sitka Economy, 2008' - mike_john


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
state of the sitka economy 2008

State of the Sitka Economy, 2008

Prepared for:Sitka Economic Development Association

Prepared by:McDowell Group, Inc.March 25, 2008

presentation contents
Presentation Contents
  • State of the Sitka Economy
  • Southeast Regional Economy
  • Visitor Industry Indicators
  • Seafood Industry Profile
  • Development Issues and Opportunities
i state of the sitka economy
sitka s balanced economy employment by sector 2006
sitka population 1997 2007
sitka employment 1997 2006
sitka payroll 1997 2006 millions
sitka gross business sales 1997 2007 millions
sitka construction activity number of new dwelling units 1997 2007
number of lots absorbed 2000 2007
sitka school enrollment school years 2002 2008
Sitka School EnrollmentSchool years 2002-2008

Source: Sitka School District (OASIS Report)

2006 average monthly wages
2006 Average Monthly Wages

AlaskaSitka

  • Government $3,679 $3,335
  • Construction $4,864 $3,990
  • Service-Providing $2,937 $2,483
  • Financial $3,742 $3,146
  • Professional & Business $3,864 $2,109
  • Education & Health $3,087 $3,428
  • Leisure & Hospitality $1,508 $1,310

Source: AKDOLWD

recent changes
Recent Changes
  • Sheldon Jackson College closed
    • Loss of 109 jobs
  • SEARHC cutbacks
    • Loss of 40 jobs in Sitka, 60 region-wide
  • U.S Forest Service cutbacks
    • Loss of 5 jobs by 2010
    • Last year 6 employees resigned and will not be replaced
  • Opening of Silver Bay Seafoods
    • 170 seasonal jobs created
    • 10 full-time, year-round staff
  • Sitka Community Hospital purchased Moore Clinic
  • Increases in ferry port calls for 2008
sitka economic indicator overview
Sitka Economic IndicatorOverview
  • Diverse economy (5 sectors with 10% or more of Sitka’s total employment)
  • Population declined 4% (349 residents) from 2006 to 2007
  • Employment declined by 9 jobs from 2005 to 2006
    • A greater decline is expected to be reflected in the 2007 figures
  • Payroll up $3 million
  • Gross business sales continued to grow in 2007
  • Construction activity is down
  • School enrollment declined 5% (74 students)
  • Employment opportunities in Sitka have declined recently.
    • Good paying jobs in education, federal government, and healthcare have been lost.
ii southeast regional economy
regional population trends 2006 2007
southeast alaska population trends 2005 2007
southeast employment 2007
Southeast Employment 2007
  • Employment increased by 50 jobs
  • Changes in:
    • Leisure and Hospitality +200 jobs
    • Service Providing +150 jobs
    • Retail Trade +50 jobs
    • Local Government +50 jobs
    • Seafood Processing -50 jobs
    • Education and Health services -50 jobs
    • Goods Producing -100 jobs
    • State Government -100 jobs

Source: ADOLWD –Current Employment Statistics Program (CES)

southeast summary
Southeast Summary
  • Regional population down 1.5% (1,077 residents)
  • Employment up by 50 jobs
    • Highest growth in the leisure & hospitality and service providing sectors
    • Largest decline in the goods producing and state government sectors
iii visitor industry indicators
alaska full year visitor volume may 2006 april 2007 by transportation market
Alaska Full-Year Visitor Volume, May 2006-April 2007By Transportation Market

Total Visitors: 1,881,000

Source: Alaska Visitor Statistics Program (AVSP), McDowell Group, Inc.

full year visitor volume may 2006 april 2007
Full Year Visitor VolumeMay 2006 – April 2007

Source: AVSP, McDowell Group, Inc.

southeast cruise passenger volume 1997 2007
sitka cruise ship visitors 1997 2007
deplaning passengers sitka airport 1997 2007
Deplaning Passengers, Sitka Airport*1997-2007

Source: Bureau of Transportation Statistics* includes residents and non-residents

disembarking ferry passengers 1997 2007
Disembarking Ferry Passengers*1997-2007

Source: AMHS* includes residents and non-residents

sitka passenger volume 2007
sitka hotel bed tax receipts 1997 2007
visitor traffic summary
Visitor Traffic Summary
  • Alaska visitor volume 1,881,000
    • 51% visit by cruise ship
    • 44% visit by air
    • 5% visit by highway/ferry
  • Southeast cruise passenger volume continued to grow
    • Over 1 million visitors in 2007
  • Sitka visitor volume declined
    • Cruise visitors down 12.4%
    • Deplaning air passengers down 1.4%
    • Disembarking ferry passengers up 8.4%
iv seafood industry profile
major se fisheries 2007 ex vessel value
se regional ex vessel values 2002 2006
southeast land based seafood production 2006
sitka land based processor production 2006
se ex vessel prices per pound 2005 2007
SE Ex-Vessel Prices Per Pound2005-2007

20052006 2007

King $2.53 $3.37 $3.06

Sockeye $1.05 $1.09 $0.89

Coho $0.95 $1.41 $1.09

Pink $0.12 $0.12 $0.19

Chum $0.30 $0.35 $0.35

Halibut $3.11 $3.80 $4.41

Sablefish $2.30 $2.55 $2.75

Source: ADF&G/NOAA

sitka fishermen statistics 2006
Sitka Fishermen Statistics 2006
  • 736 permits fished
  • 455 fishermen
  • Landed 28.4 million pounds
  • Ex-vessel value of $37.6 million

Source: CFEC

sitka fishermen ex vessel earnings 2002 2006
sitka seafood in 2007
Sitka Seafood in 2007
  • Sitka ranks as the 6th largest port in the U.S. based on value and 19th based on volume
  • Chum salmon harvest volume down
  • Pink salmon harvest volume up
  • Herring harvest volume up in 2007, and a record quota has been set for the 2008 harvest
  • King salmon harvests down in 2007
  • Coho harvests down in 2007
  • Processing capacity in Sitka has increased
seafood summary
Seafood Summary
  • Salmon accounted for 52% of the SE total ex-vessel value
  • Halibut and sablefish accounted for 34% of the region’s total ex-vessel value
  • Salmon ex-vessel prices down for all species except pink salmon
  • Halibut and sablefish ex-vessel price increase continued
v sitka development issues and opportunities
development issues
Development Issues
  • Major community development issues are:
    • Control: What do we have control over in regard to development?
    • Choice: What do we choose to support or discourage?
    • Current Sitka Players: Most economic development is done by those already here
  • Assessment:
    • Ask the experts to identify opportunities and barriers
      • Surveys and focused discussion groups
development opportunities
Development Opportunities
  • Seafood Industry
  • Marine Services
  • Tourism
  • Government (in all its forms)
  • Real Estate
slide43

State of the Sitka Economy, 2008

Prepared for:Sitka Economic Development Association

Prepared by:McDowell Group, Inc.March 25, 2008