Custer County
Southern Colorado Economic Development District District designated by U.S. Dept. of Commerce Membership of county/local governments Mission to stabilize and diversify regional economy ‘Back office’ for local economic developers Monitor and report local economic performance The Business Lending Center
Agenda Introductions Explanation of CEDS process Overview of Custer County economy BREAK! Identify economic threats and opportunities Establish community goals Nominate projects Wrap up
How to Use the Polling Devices The handheld devices will be used to collect your answers to questions we ask during tonight’s presentation. When a question is displayed on the screen, please use the keypad to record your answer. The keypad corresponds with the numbered answers displayed on the screen. You can answer the question as long as poll remains open. If you want to change your answer, you must do so before the poll is closed. Your responses are anonymous and only aggregate data will display on the screen.
How to use the Polling Devices To activate your keypad, please press the “ID” button.
What Zip Code is your primary residence? 81069 1. 90% 81252 2. 81253 3. Other 4. 10% 0% 0% 81069 81252 81253 42
Where do you work? 1. Custer County 76% 2. Fremont County 3. Huerfano County 4. Pueblo County 22% 5. Saguache County 2% 0% 0% 0% 0% 6. Other County 7. Not Employed Saguache County Other County Not Employed Custer County Fremont County Huerfano County Pueblo County 49
Why do you live in Custer County? 59% 1. I was born here 2. Employment or business opportunity 3. Retired here 4. Close to family & friends 16% 12% 5. Fell in love with area 8% 2% 2% 6. Other 1 2 3 4 5 6 49
What is Economic Development? The economic growth of an area as evidenced by: Increase in income/wages More jobs Reduce out-migration of population Increase diversification of economic sectors Increase labor force participation rates Extend seasonal employment Increase tourism revenues Gains in other measurements of economic activity
What is the CEDS? This is your opportunity to: Participate with your neighbors in planning your community’s future Establish an action plan to achieve your goals Become eligible for Federal grants In a nutshell… The CEDS process is a proven way to plan for the future prosperity of your community!
How is it Done? Analyze economic data Identify problems and opportunities Articulate the vision and goals of the community Develop the strategies to accomplish the goals Coordinate activities to implement the strategies Evaluate and update the action plan
New Projects
Population Custer County 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 1890 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 US Census *Estimate
Change in Population Change in Population 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% -2.00% -4.00% 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Colorado Custer County Source: DOLA
Over the next ten years would you prefer the population . . . 78% 1. Increase 2. Decrease 22% 3. Remain the Same 0% Decrease Increase Remain the Same 50
County Revenues Custer County Per Capita Financial Information $1,600.00 $1,400.00 $1,200.00 $1,000.00 $800.00 $600.00 $400.00 $200.00 $0.00 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Per Capita Revenue Per Capita Expenses Source: DOLA
County Revenues Custer County Revenues by Source $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Property Specific Ownership Sales & Use Other Colorado Division of Local Government
Regional Economy Upper Arkansas Region Mill Levy 30.000 25.000 20.000 15.000 10.000 5.000 0.000 Chaffee Custer Fremont Lake Source: DOLA Annual Reports Upper Arkansas Region Sales Tax Rate 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% Chaffee Custer Fremont Lake Source: Department of Revenue
Housing Housing Affordability $37,893 $34,731 $26,350 $26,173 1990 2000 Income to Purchase Average House Median Household Income Housing Affordability Index 120 109 1990 2000 DOLA
Tourism Travel Spending ($M) 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 1996 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 (P) Travel Impact (Jobs) 350 300 250 200 150 100 50 0 1996 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 (P) Dean Runyan Associates
Population by Age Custer County Population by Age 400 350 300 250 200 150 100 50 0 1990 2000 Source: Census Custer County Median Age 50.0 45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Custer Colorado Source: DOLA
Education School enrollment in Custer County schools dropped 16% since 2004. School Enrollment vs. School Age Population (5-19) 1400 1200 1000 800 600 400 200 0 2005 2006 2007 2008 2009 2010 Enrollment Population Source: CO Dept of Education
Why are school enrollments declining? Fewer families with 1. young children 63% Families prefer to enroll 2. their children in other counties Families are choosing 33% 3. private schools Many families are 4. choosing to home school 4% or cyber-school their 0% children 1 2 3 4 52
Poverty Population Under 18 in Poverty 35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% 1989 1993 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 United States Custer Colorado Data is unavailable for 1996 Source: Bureau of Economic Analysis
Poverty 2008 Percent of SCEDD District Population in Poverty United States Colorado Pueblo Prowers Otero Las Animas Lake Kiowa Fremont Custer Crowley Chaffee Bent Baca 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% US Census-SAIPE
Poverty Population Under 65 Uninsured 40.0% 35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% 2000 2005 2006 2007 Colorado Custer County Source: Census
Poverty Per Capita Transfer Receipts $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Total Per Capita Current Transfer Receipts Per capita income maintenance Per capita unemployment insurance benefits Per capita retirement and other Source: Bureau of Economic Analysis Food Stamp Participation 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% Average of January & July report periods Source: USDA
Over the next ten years do you think the standard of living in Custer County will . . . 37% 35% 1. Increase 29% 2. Decrease 3. Remain the Same e e e s s m a a e e a r r S c c e n e h I D t n i a m e R 52
Local Economy Custer County’s unemployment rate has ranged from 2.4% to 6.6% in the last ten years. In 2009, Colorado’s unemployment rate was 7.7%, while Custer County was 6.6%; the highest unemployment rate for the County since 1992. Custer County Unemployment Rate Compared to State 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% Custer County Unemployment Colorado Source: LMS-CO Workforce
Local Economy This ratio indicates the degree to which a population is working or actively seeking employment. A low rate might indicate a significant prison population, reliance on other forms of income or a significant number of discouraged workers. A higher rate may indicate a tight labor market. As of June, 2010 the Colorado rate was 68.3% and the National rate as of July, 2010 was 64.6%. Custer County’s rate as of December, 2009 was 47.8%. Custer County Labor Force Participation Rate 58.0% 56.0% 54.0% 52.0% 50.0% 48.0% 46.0% 44.0% 42.0% 40.0% 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
1,000 1,500 2,000 2,500 June, 2009. The gap between the data represents the unemployed. recession began in December, 2007 and is reflected by the solid red line; the recession ended The chart below represents the monthly labor force data beginning January, 2007. The Local Economy January-07 Source: Bureau of Labor Statistics February-07 March-07 April-07 May-07 June-07 July-07 August-07 September-07 October-07 November-07 December-07 January-08 February-08 March-08 April-08 May-08 Recession Labor Force June-08 July-08 Labor Force Custer County August-08 September-08 October-08 November-08 December-08 January-09 Employment February-09 March-09 April-09 May-09 June-09 July-09 August-09 September-09 October-09 November-09 December-09 January-10 February-10 March-10 April-10 May-10 June-10 July-10 August-10 September-10 October-10 November-10 December-10
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