Economic Futures Workshop
Rice County
October 14, 2009
Brigid Tuck, David Nelson and Bruce Schwartau
University of Minnesota Extension
©2009 Regents of the University of Minnesota. All
rights reserved.
Rice County Economy
Population: 61,955
Employment: 31,294
Households: 22,003
Industries: 179 out of a possible 440
Note: This data is based on IMPLAN (Minnesota IMPLAN Group, Inc) data.
©2009 Regents of the University of Minnesota. All
rights reserved.
Rice County Economy
Total Output by Major Industry Category 2007
All Other
30%
Manufacturing
47%
Educational
Services
4%
Real
Estate/Rental
5%
Government
Construction
6%
8%
Total Output: $4.4 billion
©2009 Regents of the University of Minnesota. All
rights reserved.
Rice County Economy
Total Employment by Major Industry Category
2007 Manufacturing
15%
All Other
42%
Total Employment:
31,295
Government
14%
Retail Trade
11%
Educational
Services
8%
Health and Social
Services
10%
©2009 Regents of the University of Minnesota. All
rights reserved.
Rice County Economy
Total Labor Income by Major Industry
Category 2007
Manufacturing
24%
All Other
33%
Retail Trade
7%
Government
18%
Construction
9%
©2009 Regents of the University of Minnesota. All
rights reserved.
Educational
Services
9%
Total Labor Income:
$1,142 million
Rice County Economy
Top 10 Industries (Output)
2007 Total Output
% of Total Output
Breakfast Cereal Manufacturing
$
537,883,000
12.3%
Air Conditioning – Refrigeration – and Warm Air
Heating Equipment Manufacturing
$
352,876,000
8.0%
Fruit and Vegetable Canning – Pickling – and Drying
$
271,630,000
6.2%
Wholesale Trade Businesses
$
176,879,000
4.0%
Imputed Rental Activity for Owner-Occupied Dwellings
$
169,331,000
3.9%
Private Junior Colleges – Colleges – Universities and
Professional Schools
$
166,521,000
3.8%
Poultry Processing
$
132,849,000
3.0%
State and Local Government – Non-Education
$
109,161,000
2.5%
Construction – New Residential
$
99,700,000
2.3%
State and Local Government – Education
$
95,260,000
2.2%
Top Ten Total
$
2,112,090,000
48.2%
All Industries Total
$
4,385,940,000
100.0%
©2009 Regents of the University of Minnesota. All
rights reserved.
Rice County Economy
Top 10 Industries (Employment)
2007 Employment
% of Employment
Private Junior Colleges – Colleges – Universities and
Professional Schools
2,026
6.5%
State and Local Government – Non-Education
1,952
6.2%
State and Local Government – Education
1,782
5.7%
Food Services and Drinking Places
1,778
5.7%
Nursing and Residential Care Facilities
1,293
4.1%
Wholesale Trade Businesses
1,124
3.6%
Construction – New Non-residential, Commercial
821
2.6%
Offices of Physicians, Dentists, and Other Health
Practitioners
755
2.4%
Breakfast Cereal Manufacturing
713
2.3%
Civic – Social – Professional and Other Similar
Organizations
711
2.3%
Top Ten Total
12,955
41.4%
All Industries Total
31,294
100.0%
©2009 Regents of the University of Minnesota. All
rights reserved.
Grain Agriculture
Industry Employment
Grain agriculture payments are typically not
directly to labor. Output value can vary
widely by year.
100
0
574
200
New Jobs
400
600
800
Current Employment
Economic Impact of 100 Jobs
140
120
Jobs
100
Output: $6,700,000
80
60
40
122
100
20
0
Direct
Balance
15
7
Indirect
Induced
Retail Trade
Real Estate
Labor Income: $1,000,000
Total
Ag/Forestry/Fish
©2009 Regents of the University of Minnesota. All
rights reserved.
Glass Manufacturing
Industry Employment
Glass manufacturing is highly capitalintensive.
100
0
283
200
New Jobs
400
600
Current Employment
Economic Impact of 100 Jobs
250
Jobs
200
150
Output: $24,900,000
100
50
100
0
Direct
Balance
184
45
39
Indirect
Induced
Wholesale Trade
Retail Trade
Labor Income: $6,900,000
Total
Manufacturing
©2009 Regents of the University of Minnesota. All
rights reserved.
Wind Component Manufacturing
Industry Employment
Wind Components are not currently
manufactured in Rice County
100
0
50
New Jobs
100
150
Current Employment
Jobs
Economic Impact of 100 Jobs
180
160
140
120
100
80
60
40
20
0
Output: $24,239,534
148
100
Direct
Balance
26
22
Indirect
Induced
Total
Wholesale Trade
Lodging/Food
Retail Trade
Labor Income: $5,604,074
©2009 Regents of the University of Minnesota. All
rights reserved.
Agricultural Support Activities
Industry Employment
Agricultural support activities are primarily
service-based, therefore, high labor income
and induced impacts.
100
0
50
69
100
New Jobs
150
200
Current Employment
Economic Impact of 100 Jobs
140
120
Jobs
100
Output: $4,184,105
80
60
40
115
100
20
14
1
0
Direct
Balance
Indirect
Retail Trade
Labor Income: $3,260,905
Induced
Health and Social Svcs
Total
Lodging/Food
©2009 Regents of the University of Minnesota. All
rights reserved.
Circuitry Manufacturing
Industry Employment
Agricultural.
100
0
116
100
New Jobs
200
300
Current Employment
Economic Impact of 100 Jobs
250
Jobs
200
150
Output: $26,954,174
100
50
166
100
0
Direct
Balance
34
32
Indirect
Induced
Retail Trade
Wholesale Trade
Labor Income: $8,276,241
Total
Manufacturing
©2009 Regents of the University of Minnesota. All
rights reserved.
Computer Data Warehousing
Industry Employment
Although Computer Data Warehousing has a
similar overall impact as Circuitry
Manufacturing, the distribution of the impacts
is very different.
16
0
100
50
Current Employment
100
150
New Jobs
Economic Impact of 100 Jobs
250
Jobs
200
150
Output: $26,763,586
100
50
100
0
Direct
Balance
167
35
32
Indirect
Induced
Lodging and Food Services
Retail Trade
Labor Income: $8,355,922
Total
Health and Social Services
©2009 Regents of the University of Minnesota. All
rights reserved.
Computer Software Development
Industry Employment
Although
25
0
100
50
Current Employment
100
150
New Jobs
Economic Impact of 100 Jobs
250
Jobs
200
150
Output: $32,512,596
100
50
100
0
Direct
Balance
183
49
34
Indirect
Induced
Lodging & Food Svcs
Adm inistrative & Waste Svcs
Labor Income: $8,729,385
Total
Retail Trade
©2009 Regents of the University of Minnesota. All
rights reserved.
Construction of New Nonresidential
Commercial Structures
Industry Employment
Although
100
821
0
500
New Jobs
1000
Current Employment
Jobs
Economic Impact of 100 Jobs
160
140
120
100
80
60
40
20
0
Output: $14,545,111
100
Direct
Balance
134
Retail Trade
14
20
Indirect
Induced
Lodging and Food Services
Labor Income: $5,003,012
Total
Health and Social Services
©2009 Regents of the University of Minnesota. All
rights reserved.
Fabricated Metal Manufacturing
Industry Employment
Although
72
0
100
50
100
Current Employment
150
200
New Jobs
Jobs
Economic Impact of 100 Jobs
180
160
140
120
100
80
60
40
20
0
Output: $18,634,540
100
Direct
Balance
145
Retail Trade
19
26
Indirect
Induced
Lodging and Food Services
Labor Income: $6,832,160
Total
Health and Social Services
©2009 Regents of the University of Minnesota. All
rights reserved.
Breakfast Cereal Manufacturing
Industry Employment
Why does this have such a big multiplier?
100
713
High output and income per worker
Established industry – economies of scale
0
500
New Jobs
Local purchases? Transport/Ware and
Wholesale – built infrastructure
1000
Current Employment
Economic Impact of 100 Jobs
300
250
Jobs
200
Output: $89,283,188
150
224
100
50
100
76
48
Indirect
Induced
0
Direct
Balance
Wholesale Trade
Retail Trade
Labor Income: $12,435,945
Total
Transportation & Warehousing
©2009 Regents of the University of Minnesota. All
rights reserved.
Nursing and Residential Care Facilities
Industry Employment
Nursing and Residential Care Facilities are
one of the largest industry employers in Rice
County.
100
0
1293
500
New Jobs
1000
1500
Current Employment
Economic Impact of 100 Jobs
140
120
Jobs
100
Output: $3,962,087
80
60
40
20
0
Direct
Balance
110
100
4
6
Indirect
Induced
Lodging and Food Services
Retail Trade
Labor Income: $1,631,205
Total
Health and Social Services
©2009 Regents of the University of Minnesota. All
rights reserved.
Medical/Diagnostic Labs & Outpatient Care
Industry Employment
Nursing
37
0
100
50
100
Current Employment
150
100 Jobs
Jobs
Economic Impact of 100 Jobs
180
160
140
120
100
80
60
40
20
0
Output: $15,737,037
100
Direct
Balance
136
Retail Trade
14
21
Indirect
Induced
Lodging and Food Services
Labor Income: $5,545,644
Total
Health and Social Services
©2009 Regents of the University of Minnesota. All
rights reserved.
Retail Trade – General Merchandise
Industry Employment
General Merchandise .
100
0
480
200
New Jobs
400
600
800
Current Employment
Economic Impact of 100 Jobs
140
120
Jobs
100
Output: $6,303,455
80
60
40
20
0
Direct
Balance
116
100
Retail Trade
6
10
Indirect
Induced
Lodging and Food Services
Labor Income: $2,585,036
Total
Health and Social Services
©2009 Regents of the University of Minnesota. All
rights reserved.
Surgical/Medical Instrument Manufact.
Industry Employment
This industry does not currently exist in Rice
County.
0
100
0
50
100
New Jobs
150
Current Employment
Economic Impact of 100 Jobs
250
Jobs
200
Output: $33,918,320
150
100
50
116
100
6
34
Indirect
Induced
Labor Income: $8,854,655
0
Direct
Balance
Retail Trade
Manufacturing
Total
Lodging and Food Services
©2009 Regents of the University of Minnesota. All
rights reserved.
Truck Transportation
Industry Employment
Truck
100
0
417
200
New Jobs
400
600
Current Employment
Economic Impact of 100 Jobs
200
Jobs
150
Output: $16,930,612
100
50
100
149
26
23
Indirect
Induced
Labor Income: $5,813,720
0
Direct
Balance
Transport and Warehouse
Retail Trade
Total
Health/Social Services
©2009 Regents of the University of Minnesota. All
rights reserved.
Veterinary Pharmaceutical Manuf.
Industry Employment
This industry
0
100
0
50
100
New Jobs
150
Current Employment
Economic Impact of 100 Jobs
350
300
Jobs
250
Output: $60,424,348
200
150
230
100
50
100
0
Direct
Balance
81
49
Indirect
Induced
Wholesale Trade
Manufacturing
Labor Income: $12,303,001
Total
Retail Trade
©2009 Regents of the University of Minnesota. All
rights reserved.
Wholesale Trade
Industry Employment
This industry
100
0
1,124
500
New Jobs
1000
1500
Current Employment
Jobs
Economic Impact of 100 Jobs
180
160
140
120
100
80
60
40
20
0
Output: $20,758,899
100
Direct
Balance
151
Retail Trade
21
30
Indirect
Induced
Lodging and Food Services
Labor Income: $7,621,070
Total
Health and Social Services
©2009 Regents of the University of Minnesota. All
rights reserved.