Performance Indicators

Transcription

1 2,000 1,800 1,600 1,00 1,200 1, Announced by Assisted Companies Average Hourly Wage $30 $2 $20 $1 $10 $ $0 Wages Paid by Assisted Companies There were 1,27 assisted jobs added to Nevada s economy in the third quarter of 201. These jobs were brought in by 18 companies; 13 that are new to Nevada and that are existing companies expanding their operations. Of the 18, seven are manufacturing operations. Annual Assisted Company Statistics Companies Assisted Average Wage ,279 $ ,802 $ ,600 $ ,223 $ ,771 $ YTD 72 3,77 $18.81 Through the third quarter of calendar year 201, there have been 3,77 jobs added to Nevada s economy with the assistance of economic development efforts. This puts us well on track to duplicate what was accomplished in 2013 not taking into account the significant impacts of the Tesla battery manufacturing facility. The average hourly wage of assisted companies increased by $1.33 to $20.08 in the third quarter. This improvement brings the average wage slightly above the long-run average of $ ,000 10,000 8,000 6,000,000 2,000 - Projected from Assisted Companies,8 9, Q3 201Q2 201Q1 2013Q For the year ending September 201, there are 100 assisted companies slated to add,8 jobs to Nevada s economy. These jobs are expected to come online within one year of announcing expansion or relocation. Once these companies are fully staffed, the five-year projected build-out job count is expected to be 9,808. 1

2 Millions of Dollars $1,200 $1,000 $800 $600 $00 $200 $0 Assisted Company Investment Boulder Solar Power Capital investment by assisted companies came in at $192 million in the third quarter. This is an improvement of $93 million over the second quarter, and $62 million above the same quarter last year. For the year ending September 201, capital investment is $6 million above what it was for the same period a year ago. Apple Number of Leads Global Recruiting 7 Leads Prospects 2013Q 201Q1 201Q2 201Q3 Recruiting international companies to Nevada continues to be a priority. Leads were up in the third quarter following the Governor-led trade mission to Canada, inbound delegations from China and Israel. 3 Status Count Recruitment Activity: 2013Q - 201Q International Trade Issued a grant to NVIE, UNR, and UNLV for the purpose of developing a statewide manufacture database Submitted a grant application to USDA for $00,000 for water and agricultural programs in Namibia, Botswana, and South Africa Established the Nevada International Trade and Investment Council that is working on an integrated approach to aggregating statewide services for exporters 0 Leads Prospects Wins 2013Q 201Q1 201Q2 201Q3 The number of wins are down slightly in the third quarter, but the lead conversion rate has improved. Over the last two years there has been one win for every 3. leads; over the past four quarters that ratio has improved to one win for every 2. leads. 2

3 Number of Clients 1,00 1,300 1,200 1,100 1, Procurement Technical Assistance Center Prime Contract Awards Active Client Base Subcontract Awards Quarter Clients Number Amount Average Number Amount Average FY2012 1, $26,203,83 $121,877 6 $27,207,30 $91,6 FY2013 1, $69,3,216 $281,92 23 $,013,19 $17,87 FY201 1, $,30,93 $139,10 7 $6,030,228 $128,303 FY201 Procurement Technical Assistance Center Accomplishments The Nevada Procurement Technical Assistance Center increased its active client base by 9 percent over the past year. All PTAC goals for this year were met or exceeded as required and reported to federal funder Defense Logistics Agency. During the year PTAC sponsored 37 small business outreach events and participated in an additional 7 small business outreach events throughout the state of Nevada. Community Development Block Grants Number of Grants Allocation $2,89, $2,612, $2,170, $2,, $2,39, Grants 11 Public Facility (Infrastructure) grants totaling $1,26,63 Public Service grants totaling $322,60 Planning/Capacity Building grants totaling $ 300,000 1 Housing grant for $0,000 3 Economic Development grants worth $20,000 Grant Progress Fifteen of the twenty-four 201 grants have received a Notice to Proceed. Closed grants assisted 23,968 beneficiaries, 70 percent of which were Low and Moderate Income (LMI). As of September 30, Nevada ranked fourth in the country on HUD s ratio of timeliness of expenditure of CDBG grant funds. There are currently 1 open grants: 1 from 2012, 16 from 2013, and 2 from 201 funds. 201 Grant Cycle Changes to the CDBG Method of Distribution during the 201 grant cycle were made during the quarter. These changes included greater involvement of the Regional Development Authorities and increased use of CDBG funds for economic development. 3

4 90% 80% 70% 60% 0% 0% 30% 20% 10% 0% Nevada Film Office Client Satisfaction Survey Very Good Good Average Poor Very Poor Availability Responsiveness Knowledge Willingness to help Overall The Nevada Film Office has been conducting a customer satisfaction survey to better guage the services they provide. Responsess on all service categories in 201 have either been good or very good. Nevada Film Office Annual Production Revenue Fiscal Year Number of Grants Allocation $120,208, $102,9, $113,78, $82,727, $91,900, $81,130, $102,2, $88,783, $68,37, $6,011,197

5 Job and Sector Data Thousands of 1,30 1,300 1,20 1,200 1,10 1,100 1,00 1,000 Nevada and Unemployment Unemployment 16% 1% 12% 10% 8% 6% % 2% 0% Unemployment Rate 1,000 13,00 13,000 12,00 12,000 11,00 11,000 Aerospace & Defense $80,000 $79,000 $78,000 $77,000 $76,000 $7,000 $7,000 $73,000 Nevada s job picture continues to show improvement. Both the number of workers and the unemployment rate have returned to 2008 levels and currently stand at 1,217,900 and 7.3 percent, respectively. This reflects a growth of 106,00 jobs and a drop of 6.6 percent in the unemployment rate since September Agriculture There were 221 jobs added to Nevada s Aerospace and Defense sector in the third quarter. Annual earnings, on the other hand, slipped by $612. There are currently 13,000 Nevadans employed in this sector with average annual earnings of $78,000. Business Information Technology 7,000 $39,000 6,000 $6,000 6,00 6,000,00,000,00,000 3,00 3,000 $38,000 $37,000 $36,000 $3,000 $3,000 $33,000 $32,000,000 2,000 0,000 8,000 6,000,000 2,000 0,000 $,000 $,000 $3,000 $2,000 $1,000 $0,000 $39,000 Job growth in the Agriculture sector was moved up slightly in the third quarter and currently stands at 6,600 jobs. Average annual earnings, however, slipped by $00 per year to $37,00. Most of the movement in both wages and jobs were found in the manufacturing components of the sector. Both earnings and job counts improved in the Business Information Technology sector in the third quarter. An additional 1,600 jobs were added to the sector for a total of,200 employees making an average of $,700 per year.

6 Job and Sector Data Clean Energy Health and Medical 2,000 $70, ,000 $,000 2,00 2,000 23,00 23,000 22,00 22,000 21,00 21,000 20,00 $68,000 $66,000 $6,000 $62,000 $60,000 $8,000 $6,000 $,000 9,000 90,000 8,000 80,000 7,000 $3,00 $3,000 $2,00 $2,000 $1,00 $1,000 $0,00 $0,000 There were 1,300 jobs added to Nevada s Clean Energy sector in the third quarter which now stands at 2,600. This reflects a job gain of 2,00 jobs over what it was the same time last year. Annual earnings, however, have been flat and are only $200 higher than the $6,00 level last year. Logistics and Operations The Health and Medical sector changed little in the third quarter. were up by 700 and annual earnings by less the $0. That said, the sector has been on a long-term growth trend that currently employs 96,600 workers and pays an average annual wage of $3,000. Mining 70,000 $7,000 18,000 $88,000 68,000 66,000 6,000 62,000 60,000 8,000 6,000,000 $6,000 $,000 $,000 $3,000 $2,000 $1,000 $0,000 17,000 16,000 1,000 1,000 13,000 12,000 11,000 10,000 $87,000 $86,000 $8,000 $8,000 $83,000 $82,000 $81,000 There was a slight employment drop in Nevada s Logistics and Operations sector with the loss of 39 positions. Wages, on the other hand, moved up a slight $300 per year. Currently there are 66,73 people employed in the sector making an average annual wage of $,867. Wages and jobs in Nevada s Mining sector have been sending mixed signals. There was a loss of 1,000 positions for a total of 1,100 workers now employed in the sector. Many of the lost jobs were lower paying support positions which pushed average annual earnings up by $1,00 to $87,00 per year. 6

7 Job and Sector Data Manufacturing Not In Other Sectors All Manufacturing 26,000 $6,000,000 $,000 2,000 2,000 23,000 22,000 21,000 20,000 19,000 $,000 $,000 $3,000 $2,000 $1,000 $0,000 2,000 0,000 38,000 36,000 3,000 32,000 $3,000 $2,000 $1,000 $0,000 $9,000 $8,000 $7,000 $6,000 The number of jobs in Manufacturing industries not designated to other sectors slipped slightly in the third quarter with the loss of 600 jobs. Wages, however, improved by $600 per year. Currently, there are 2,00 positions in the industry group with an average annual wage of $,300 per job. Job growth in Nevada s Manufacturing sector continues on a growth trajectory. Over the past year 2,000 jobs have been added to the sector, bringing total employment to 2,000. Annual earnings have also been improving and currently stand at $3,300. Tourism, Gaming and Entertainment 10,000 00, , , , ,000 30,000 30,000 $32,000 $31,00 $31,000 $30,00 $30,000 $29,00 $29,000 Job growth in Nevada s largest employment sector continued to improve in the third quarter with the addition of 3,000 jobs. Average annual earnings also grew slightly by $200 per year. There are currently 398,000 Nevadans employed in the sector making an average annual wage of $31,600. 7