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Friday, September 30, 2005

Census Bureau releases County Business Patterns report (second in a series)

In the first of this series, we established that Kingsport-Bristol-Sullivan County, TN ranked 5th among a list of 26 selected regional counties in “Annual Payroll Generated Per Job”.  The list below illustrates that Kingsport-Bristol-Sullivan County also ranks 5th in total annual payroll – comparable to Asheville and Roanoke. 

 

Kingsport-Bristol-Sullivan County’s payroll increased by 27.6% from 1993 to 2003 and the number of new business establishments increased by 5%. 

 

According to the Census Bureau, there has been no net loss in jobs in Kingsport-Bristol-Sullivan County since 1993. 

 

This seems remarkable considering the changes in the American manufacturing economy and the impacts we have experienced locally during the past 10 years.  This also means that literally thousands of new jobs have been created by expansion of existing businesses (healthcare, for example), creation of small businesses (each with a handful of employees), and outsourcing.  It also means that it has taken place quietly – almost imperceptibly – during the past 10 years.

 

The message:  Kingsport-Bristol-Sullivan County is showing signs of successfully weathering the economic storm caused by international forces that are far beyond local control.  The Census Bureau’s statistics bear out this fact.  It doesn’t, however, lessen the personal impact.

 

Remember from yesterday’s list that Asheville and Roanoke ranked significantly lower in “payroll per job” – an indication that Kingsport-Bristol-Sullivan County has higher payrolls divided among fewer workers, while Asheville’s and Roanoke’s payrolls are divided among more workers (less pay per job).  This reflects the presence of large, single-source, long term employers in Kingsport-Bristol-Sullivan County.  As the local economy (and American economy in general) continues to lessen its dependence on manufacturing jobs, we can naturally expect to see a shift in future reports for Kingsport-Bristol-Sullivan County.

 

Similarly, Johnson City-Washington County ranked 16th in yesterday’s list of “payroll per job”, but ranks 8th in the list of “total annual payroll”.  This probably means the available payroll is divided among more workers resulting in less pay per job.  In turn, this probably reflects the concentration of college students working in retail, restaurants and call centers.  It may also reflect a heavy presence of stable but traditionally lower-paying government jobs (like the university, Veterans Affairs, state offices, etc.)

 

 

 

2003

 

County

Primary Cities

Annual Payroll

 

Greenville County, SC

Greenville

$7,304,732,000

 

Knox County, TN

Knoxville

$5,848,214,000

 

Spartanburg County, SC

Spartanburg

$3,772,031,000

 

Buncombe County, NC

Asheville

$2,685,218,000

 

Sullivan County, TN

Kingsport, Bristol

$2,062,155,000

 

Roanoke City, VA

Roanoke

$1,845,190,000

 

Anderson County, TN

Oak Ridge

$1,627,999,000

 

Washington County, TN

Johnson City

$1,296,693,000

 

Blount County, TN

Maryville

$1,253,161,000

 

Roanoke County, VA

 

$924,564,000

 

Hamblen County, TN

Morristown

$862,839,000

 

Sevier County, TN

Sevierville, Pigeon Forge, Gatlinburg

$650,871,000

 

Greene County, TN

Greeneville

$592,869,000

 

Bristol City, VA

Bristol

$450,631,000

 

Washington County, VA

Abingdon

$356,304,000

 

Wise County, VA

Wise, Big Stone Gap, Coeburn

$291,871,000

 

Smyth County, VA

Marion

$285,216,000

 

Hawkins County, TN

Rogersville, Church Hill

$278,294,000

 

Jefferson County, TN

Jefferson City

$253,980,000

 

Carter County, TN

Elizabethton

$197,340,000

 

Russell County, VA

Lebanon

$176,184,000

 

Norton City, VA

 

$150,289,000

 

Unicoi County, TN

Erwin

$125,729,000

 

Lee County, VA

Jonesville

$83,153,000

 

Scott County, VA

Gate City

$71,661,000

 

Johnson County, TN

Mountain City

$61,161,000

 

 

 

Thursday, September 29, 2005

Census Bureau releases County Business Patterns report (first in a series)

The U.S. Census Bureau recently released its report on 2003 County Business Patterns.  Below is a comparison of selected counties/cities in Tennessee, Virginia, North Carolina and South Carolina:

 

2003 Average Payroll per Job

 

Anderson County, TN

Oak Ridge

$41,044

Spartanburg County, SC

Spartanburg

$32,595

Blount County, TN

Maryville

$32,529

Greenville County, SC

Greenville

$32,331

Sullivan County, TN

Kingsport, Bristol

$32,133

Norton City, VA

(independent city)

$32,024

Roanoke City, VA

(independent city)

$30,736

Knox County, TN

Knoxville

$30,366

Hamblen County, TN

Morristown

$29,446

Bristol City, VA

(independent city)

$28,937

Unicoi County, TN

Erwin

$28,936

Roanoke County, VA

(excluding Roanoke City)

$27,564

Buncombe County, NC

Asheville

$27,465

Hawkins County, TN

Rogersville, Church Hill

$26,349

Russell County, VA

Lebanon

$26,335

Washington County, TN

Johnson City

$26,274

Smyth County, VA

Marion

$26,157

Greene County, TN

Greeneville

$26,075

Wise County, VA

Wise, Big Stone Gap, Coeburn (excluding Norton City)

$25,825

Washington County, VA

Abingdon (excluding Bristol City)

$25,129

Jefferson County, TN

Jefferson City

$24,328

Lee County, VA

Jonesville

$24,095

Johnson County, TN

Mountain City

$23,237

Sevier County, TN

Sevierville, Pigeon Forge, Gatlinburg

$22,387

Scott County, VA

Gate City

$21,795

Carter County, TN

Elizabethton

$20,703

 

 

Wednesday, September 28, 2005

Aging boomers poised for impact

Just as they impacted our school systems during post WWII, the “baby boomer” demographic bubble is moving through our society.  Now, they are on the verge of retirement and poised for their next significant economic impact.

 

They are likely to change our view of “retirees” as they are very different from traditional retirees.  They don’t actually “retire”.  They are an active lot.  They travel, hike, bike, shop, volunteer, run cottage businesses from their homes, and have access to a lifetime of accrued and inherited wealth – which they are ready to spend.

 

Is your community well-positioned for this impending demographic phenomenon?

 

The U.S. Census Bureau projects that Tennessee’s population will increase by 30% by 2030; however, its population over 65 is expected to increase by 102% -- adding 700,000 new residents.  Similarly, Virginia’s population will increase by 39%, but its population over 65 will increase by 133% -- adding 1.05 million new residents.

 

To put it into perspective, Florida is projected to add a population that is roughly equivalent to the population of the entire State of Tennessee!!!

 

Thanks,

 

Jeff Fleming

City of Kingsport, Tennessee

423-229-9400

 

 

Table 4: Interim Projections: Change in Total Population and Population 65 and Older, by State: 2000 to 2030

 

 

 

 

 

State

Change in total population Number

Change in total population Percent

Change in Age 65 and older   Number

Change in Age 65 and older   Percent

United States

82,162,529

29.2

     36,461,718

104.2

.Florida

12,703,391

79.5

           4,961,855

176.7

.California

12,573,213

37.1

           4,692,583

130.5

.Texas

12,465,924

59.8

           3,113,653

150.2

.Arizona

5,581,765

108.8

           1,703,515

255.1

.New York

500,972

2.6

           1,468,539

60.0

.North Carolina

4,178,426

51.9

           1,204,125

124.3

.Georgia

3,831,385

46.8

           1,122,562

143.0

.Virginia

2,746,504

38.8

           1,051,655

132.7

.Pennsylvania

487,130

4.0

              970,903

50.6

.Illinois

1,013,599

8.2

              912,152

60.8

.Washington

2,730,680

46.3

              901,753

136.2

.Michigan

755,728

7.6

              861,707

70.7

.Ohio

197,388

1.7

              849,265

56.3

.New Jersey

1,388,090

16.5

              846,409

76.0

.Tennessee

1,691,351

29.7

              714,397

101.6

.South Carolina

1,136,557

28.3

              649,126

133.7

.Maryland

1,725,765

32.6

              636,388

106.2

.Wisconsin

787,089

14.7

              609,672

86.8

.Massachusetts

662,912

10.4

              602,948

70.1

.Minnesota

1,386,651

28.2

              598,858

100.8

.Nevada

2,283,845

114.3

              578,250

264.1

.Missouri

834,962

14.9

              546,335

72.3

.Colorado

1,491,096

34.7

              540,205

129.8

.Indiana

729,623

12.0

              479,042

63.6

.Alabama

427,143

9.6

              459,362

79.2

.Oregon

1,412,519

41.3

              443,780

101.3

.Louisiana

333,657

7.5

              427,283

82.7

.Kentucky

513,229

12.7

              398,657

79.0

.New Mexico

280,662

15.4

              342,959

161.6

.Connecticut

283,065

8.3

              324,222

69.0

.Oklahoma

462,597

13.4

              301,603

66.1

.Mississippi

247,752

8.7

              290,544

84.6

.Arkansas

566,808

21.2

              282,387

75.5

.Utah

1,252,198

56.1

              270,331

142.1

.Kansas

251,666

9.4

              236,862

66.5

.Iowa

28,848

1.0

              226,973

52.0

.Idaho

675,671

52.2

              215,117

147.4

.New Hampshire

410,685

33.2

              204,816

138.4

.Maine

136,174

10.7

              190,615

103.9

.Hawaii

254,509

21.0

              166,356

103.6

.West Virginia

-88,385

-4.9

              149,548

54.0

.Montana

142,703

15.8

              148,609

122.9

.Nebraska

108,984

6.4

              143,616

61.9

.Delaware

229,058

29.2

              136,097

133.8

.Vermont

103,040

16.9

                96,430

124.4

.Rhode Island

104,622

10.0

                94,105

61.7

.Alaska

240,742

38.4

                91,503

256.3

.Wyoming

29,197

5.9

                80,893

140.2

.South Dakota

45,618

6.0

                76,933

71.1

.North Dakota

-35,634

-5.5

                57,880

61.3

.District of Columbia

-138,645

-24.2

-11,660

-16.7

Footnote:

 

 

 

 

U.S. Census Bureau, Population Division, Interim State Population Projections, 2005.

Internet Release Date: April 21, 2005

 

 

 

 

 

Kingsport is located on the Tennessee-Virginia border at the crossroads of I-81 and I-26 near the geographic center of the Eastern U.S. This city of 50,000 in a metro of 308,000, was planned by renowned American planner John Nolen in his office at Harvard Square. Located in the lush green foothills of the Tennessee Valley, it is surrounded by the Southern Highlands and mountain lakes. Kingsport is home to Marriott’s www.MeadowViewResort.com and thousands of acres of unique, natural amenities at Bays Mountain and Warriors Path Parks. The natural geography provides a temperate, well-balanced climate with four seasons and a natural shelter from extreme weather. Population growth has also been well-balanced, ensuring you will not outgrow your decision to relocate. With no personal property taxes, special assessments, or state income taxes on salaries/wages, you’ll find that Kingsport has a very low cost of living coupled with an exceptionally high quality of life (see for yourself at www.BestPlaces.net). The regional airport (TRI) has direct flights to Atlanta, Charlotte, Orlando and St. Pete/Clearwater with easy access, parking, and virtually no security lines. The public education system was planned by Columbia University and Newsweek has repeatedly recognized the local high school as one of the best in America. Year in and year out our graduates go on to the top colleges and universities (and without costly private school tuition fees). Harvard also recognized Kingsport in 2009 with the Innovations in American Government Award for its higher education initiative. What are you waiting for? It’s time to leave the high costs, traffic jams, and stress behind and discover this hidden gem.