kim hinds county last edition
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Kim Hinds County Last EditionTRANSCRIPT
Hinds County and City of Jackson Economic Analysis
Submit to
Brian Richard, Ph.D.
By
Phakhini Charukamnerdkanok
Department of Economic and Workforce Development
The University of Southern Mississippi
Index
Page
1. Introduction 1
2. Theory and literature review: 1
2.1 Location Quotients 1
2.2 Shift-Share Analysis 1
2.3 Population-Employment Ratio 2
3. Data 2
4. Methodology: 3
4.1 Retail Sales Analysis 3
4.2 Location Quotient 4
4.3 Population-Employment Ratio 4
5. Analysis: 4
5.1 Pull Factors: 4
5.2 Location Quotients 5
5.3 Population- Employment Ratio 7
5.4 Shift-Share Analysis 9
5.4.1 National Growth Share (NGS) 9
5.4.2 Industrial Mix Share (IMS) 9
5.4.3 The Competitive Share (efficient share) 9
Appendices
Appendix A: Hinds County Profile
Appendix B: City of Jackson Profile
Appendix C: Type of Retail Sales
Appendix D: Calculations
Pull Factors
City of Jackson Retail Sales Trend (Table) FY1998-FY2007
City of Jackson Retail Sales Trend (Chart) FY1998-FY2007
Hinds County Retail Sales Trend (Table) FY1998-FY2007
Hinds County Retail Sales Trend (Chart) FY1998-FY2007
Hinds County's Municipalities’ Retail Sales (Table) FY2007
Hinds County's Municipalities’ Retail Sales (Chart) FY2007
Percentage of Change in Retail Sales of City of Jackson and Hinds County
Location Quotient
Location Quotient (Chart)
Population-Employment Ratio
Shift-Share Analysis
Table List
Table1: Pull factors of City of Jackson and Hinds County
Table 2: Location Quotient FY2001 and 2006 by industrial sectors
Table 3: Population-Employment Ratio
Table 4: Compare LQ and population-employment ratio to determine expansion possibility
Table 5: Shift-Share Analysis
Table A1: Hinds County population trend, FY1990-2007
Table A2: Population estimated of Hinds County, FY2007
Table A3: Hinds County Workforce fact
Table A4: Hinds County largest employers
Table B1: Trend of population in City of Jackson FY2000-2007
Table C1: Industrial Sectors
Table D1: City of Jackson and Hinds County pull factors
Table D2: City of Jackson Retail Sales Trend (FY1998-FY2007)
Table D3 Hinds County Retail Sales Trend (FY1998-FY2007
Table D4: Hinds County's Municipalities Total Retail Sales (FY2007)
Table D5: Percentage of Change in Retail Sales of City of Jackson and Hinds County
(FY1998-FY2007)
Table D6: Location Quotient
Table D7: Population-employment ratio
Table D7: Shift-Share Analysis
Hinds County and City of Jackson Economic Analysis
1. Introduction
This paper provides retail market data for City of Jackson and Hinds County. Retail
market data is presented four ways. The first is a location quotient of retail trade that the
authors call a Pull Factor (PF). It is a measure of the relative strength of the retail business
community. Two other measures, these are the Trade Area Capture and the Population-
Employment Ratio that the communities and businesses control from the total State
customer base. The Trade Area Capture (TAC) of a county is a measure of the customer
base served by a community. Finally, the paper consist Shift-Share Analysis to measure the
efficiency of local firms.
2. Theory and literature review
2.1 Location Quotients:
According to Hustedde R. and colleagues (2005), Location quotients can indicate if
a community produces more than is needed for its own use and is selling the excess to
nonlocal markets. It can also tell us which types of businesses are not accommodating local
needs and are a source of consumption leakage. The location quotient approach assumes
the national economy is self-sufficient. While that is not completely true, it is more
appropriate to make that assumption for the national economy than a state, multistate or
multicounty economy. The local economy is compared against that standard of self-
sufficiency. If the local economy has relatively less economic activity in a particular sector,
that suggests the good or service is being imported from other communities. If the local
economy has relatively more economic activity in a particular sector, that suggests the
good or service is being exported to other communities.
2.2 Shift-Share Analysis:
1
Shift Share Analysis measures the movement (shift) of the local economy into
faster or slower growth sectors and the community’s larger or smaller portion (share) of the
growth occurring in a given economic sector (Hustedde R. and colleagues, 2005, P.35).
The first step is to calculate the national growth component (NG). It measures the potential
change in local employment assuming the local economy is similar to the national economy.
The national growth component is calculated by multiplying the base year employment in
each sector by the national average employment growth rate, and then summing over all the
sectors. The results show how many new jobs were created locally due to national
economic trends, assuming the local and national economies are identical. The second step
in shift-share is to compute the industrial mix component (IM). The industrial mix
component is determined by multiplying the local employment in each economic sector by
the difference in the national growth rate for that sector and the growth rate for the whole
economy. A positive industrial mix indicates the majority of local employment is in sectors
growing faster than national total employment. A negative industrial mix indicates just the
opposite.
2.3 Population-Employment Ratio
According to Hustedde R. and colleagues (2005), population-employment ratios use
the entire population, which includes all consumers, not just those who are working, as
location quotients do. Thus, for communities with either a lot of younger people and/or
older people who are not working, the location quotient may yield biased results.
3. Data
Information used in calculating pull factors for this study was derived from several
sources. Data on population estimates for the above mentioned years were taken from the
U.S. Census Bureau. Retail sales estimates for these four time periods were obtained from
the Mississippi State Tax Commission. Demographic and basic data of City of Jackson and
Hinds County are cited from local economic development organizations, including Central
Mississippi Planning & Development District (CMPDD) and Hinds County Economic
Development District.
2
4. Methodology:
4.1 Retail Sales Analysis
In order to examine the ability of retail trade establishments to attract and retain
shoppers, pull factors is estimated for counties of varying degrees of centralization in
Mississippi. Pull factors, which derive its theoretical foundations from Central Place
Theory, belong to a class of research tools known as Trade Area Analysis. Pull factors
measure the relative strength of a county's retail trade industry by taking the ratio of the
number of customers being served by the county's retail trade industry and the county's
population. The larger the ratio value, the better the county's ability to attract and retain
retail shoppers.
In pull factor calculation is to obtain the number of customers served by the city and
the county's retail trade industry. This is accomplished by determining the trade area
capture (TAC). TAC approximates the number of people who purchase goods and services
from the county's retail trade establishments. TAC is estimated as follows:
income capitaper State
income capitaper County Sales Retail capitaper State
Sales Retail
×
=County
TAC
Once the TAC has been estimated, it is divided by the county's population to arrive at the
county level pull factor (PF).
populationCounty
Capture Area Trade=PF
Where Pull Factor can take on the following values:
3
PF < 1 County's retail sector is unable to retain resident shoppers.
PF > 1 County's retail sector is able to attract additional shoppers.
PF = 1 County's retail sector is neither gaining nor losing shoppers.
4.2 Location Quotient
The location quotient provides information for two important conditions.
iMississippin sharesector ofPercent
County Hinds in the sharesector ofPercent =LQ
LQ > 1: The sector is an export activity and is an important link to the outside
economy
LQ < 1: The sector is not meeting local needs.
4.3 Population-Employment Ratio
The data required is the population of the cities being compared and the number of
employees in a particular trade or service activity in each city. The population employment
ratio for each city is determined by dividing the population in each city by the employment
in a particular trade or service activity
county in theactivity ar inparticul employees of No.
theof
CountyPopulationRatioEmployment =
� High population-employment ratio and a location quotient less than one: An
expansion possibility.
� Low population-employment ratio and a high location quotient: Expansion
possibilities are limited.
5. Analysis
5.1 Pull Factors:
4
In this paper, Hinds county and City of Jackson pull factors for 2007 is estimated
for overall retail trade industry. From the result in Appendix D;
Pull Factor
City of Jackson 1.42
Hinds County 1.09
Mississippi 1.00
Table1: Pull factors of City of Jackson and Hinds County
Sources: Table D1 in Appendix D
Hinds county Pull Factor = 1.09, this means that the number of shoppers in the
county exceed the county's population by 9 percent. This means that the county's retail
establishments are able to retain local shoppers and bring in non-resident shoppers.
City of Jackson Pull Factor = 1.42, this means that the number of shoppers in the
city exceed the city's population by 42 percent. This means that the city's retail
establishments are able to retain local shoppers and bring in non-resident shoppers.
5.2 Location Quotients
iMississippin sharesector ofPercent
County Hinds in the sharesector ofPercent =LQ
Mississippi Hinds County LQ Industrial Sector
2001 2006 2001(%) 2006(%) 2001 2006 2001(%) 2006(%) LQ2001 LQ2006
Forestry, fishing, and related activities 20,056 17,500 1.75% 1.45% 297 320 0.21% 0.24% 0.12 0.16
Mining 8,904 9,017 0.78% 0.75% 1,270 974 0.90% 0.73% 1.16 0.97
Utilities 8,156 8,151 0.71% 0.68% 1,168 1,010 0.83% 0.75% 1.16 1.12
Construction 86,020 102,469 7.52% 8.49% 7,788 7,860 5.53% 5.87% 0.74 0.69
Manufacturing 205,517 180,806 17.98% 14.98% 8,870 5,925 6.30% 4.43% 0.35 0.30
Wholesale trade 39,102 41,078 3.42% 3.40% 6,691 6,116 4.75% 4.57% 1.39 1.34
Retail trade 172,384 176,460 15.08% 14.62% 19,070 16,397 13.55% 12.25% 0.90 0.84 Transportation and warehousing 48,992 54,074 4.29% 4.48% 4,448 4,107 3.16% 3.07% 0.74 0.68
Information 19,226 16,942 1.68% 1.40% 6,512 3,256 4.63% 2.43% 2.75 1.73
Finance and insurance 47,128 48,560 4.12% 4.02% 9,863 8,482 7.01% 6.34% 1.70 1.57 Real estate and rental and leasing 32,070 40,628 2.81% 3.37% 4,503 5,768 3.20% 4.31% 1.14 1.28 Professional, scientific, and technical services 48,081 56,960 4.21% 4.72% 9,735 12,213 6.92% 9.12%
1.64 1.93
5
Management of companies and enterprises 10,898 10,017 0.95% 0.83% 2,777 2,471 1.97% 1.85% 2.07
2.22
Administrative and waste services 54,206 73,077 4.74% 6.06% 10,726 10,766 7.62% 8.04% 1.61 1.33
Educational services 17,685 21,028 1.55% 1.74% 4,221 4,787 3.00% 3.58% 1.94 2.05 Health care and social assistance 111,908 127,431 9.79% 10.56% 17,863 19,177 12.69% 14.32% 1.30 1.36 Arts, entertainment, and recreation 27,404 19,165 2.40% 1.59% 2,430 2,255 1.73% 1.68% 0.72 1.06 Accommodation and food services 106,631 115,758 9.33% 9.59% 10,984 10,548 7.81% 7.88% 0.84 0.82 Other services, except public administration 76,930 85,457 6.73% 7.08% 9,512 9,452 6.76% 7.06% 1.00 1.00
Total 1,143,299 1,206,584 100% 100% 140,729 133,890 100% 100% 1.00 1.00
Table: 2 Location Quotient FY2001 and 2006 by industrial sectors
From the calculation in table 2, the utilities, wholesale trade, information, finance
and insurance, real estate and rental and leasing, professional, scientific, and technical
services, management of companies and enterprises, administrative and waste services,
educational services, and health care and social assistance sector of Hinds County is an
export activity and is an important link to the outside economy in both 2001 and 2006
At the same time, the forestry, fishing, and related activities, construction,
manufacturing, retail trade, transportation and warehousing, and accommodation and food
services sector is significantly not meeting local needs.
6
Location Quotient
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2001 2006
5.3 Population- Employment Ratio
county in theactivity ar inparticul employees of No.
theof
CountyPopulationRatioEmployment =
Population Estimate (FY2007) = 249,157
Hinds County Industrial Sector
FY2006 Population-Employment
Ratio
Forestry, fishing, and related activities 320 778.62
Mining 974 255.81
Utilities 1,010 246.69
Construction 7,860 31.70
Manufacturing 5,925 42.05
Wholesale trade 6,116 40.74
Retail trade 16,397 15.20
Transportation and warehousing 4,107 60.67
7
Information 3,256 76.52
Finance and insurance 8,482 29.37
Real estate and rental and leasing 5,768 43.20
Professional, scientific, and technical services 12,213 20.40
Management of companies and enterprises 2,471 100.83
Administrative and waste services 10,766 23.14
Educational services 4,787 52.05
Health care and social assistance 19,177 12.99
Arts, entertainment, and recreation 2,255 110.49
Accommodation and food services 10,548 23.62
Other services, except public administration 9,452 26.36
Total 133,890
Table3: Population-Employment Ratio
LQ2006 Population-Employment
Ratio
Forestry, fishing, and related activities 0.16 778.62
Mining 0.97 255.81
Utilities 1.12 246.69
Construction 0.69 31.7
Manufacturing 0.3 42.05
Wholesale trade 1.34 40.74
Retail trade 0.84 15.2
Transportation and warehousing 0.68 60.67
Information 1.73 76.52
Finance and insurance 1.57 29.37
Real estate and rental and leasing 1.28 43.2
Professional, scientific, and technical services 1.93 20.4
Management of companies and enterprises 2.22 100.83
Administrative and waste services 1.33 23.14
Educational services 2.05 52.05
Health care and social assistance 1.36 12.99
Arts, entertainment, and recreation 1.06 110.49
Accommodation and food services 0.82 23.62
Other services, except public administration 1 26.36
Table 4: Compare LQ and population-employment ratio to determine expansion possibility
According to the number of LQ in table 2 and population-employment ratio in
table3, there is an expansion possibility in the Forestry, fishing, and related activities and
mining sectors in Hinds County. In the other hand, expansion possibility is limited in
8
Administrative and waste, educational services, and health care and social assistance
services sector.
5.4 Shift-Share Analysis
5.4.1 National Growth Share (NGS)
According to the result in table 5, in the retail trade sector, there a significant
growth in new job created locally due to economic trends. Moreover, overall sectors has
positive trend in create new jobs to Hinds County.
5.4.2 Industrial Mix Share (IMS)
The positive industrial mix indicates in construction, real estate and rental and
leasing, professional, scientific, and technical services, administrative and waste services,
educational services, health care and social assistance, and accommodation and food
services sectors in Hinds County is growing faster than Mississippi State total employment.
5.4.3 The Competitive Share (efficient share)
Hinds County gained additional jobs in forestry, fishing, and related activities; real
estate and rental and leasing; professional, scientific, and technical services; and arts,
entertainment, and recreation sectors due to growth and its industrial structure. This gain
suggests the community is more efficient in securing additional employment than the rest
of Mississippi.
9
Hinds County Mississippi Hinds County Shift-Share
Industrial Sector
2001 2006 percent change 2001 2006
percent change
Average growth
Industrial mix
Competitive Share
Forestry, fishing, and related activities 297 320 7.74% 20,056 17,500 -12.74% 16.45 # -54.30 60.85
Mining 1,270 974 -23.31% 8,904 9,017 1.27% 70.36 # -54.24 -312.12
Utilities 1,168 1,010 -13.53% 8,156 8,151 -0.06% 64.71 # -65.42 -157.28
Construction 7,788 7,860 0.92% 86,020 102,469 19.12% 431.46 # 1057.79 -1417.24
Manufacturing 8,870 5,925 -33.20% 205,517 180,806 -12.02% 491.40 # -1557.91 -1878.49
Wholesale trade 6,691 6,116 -8.59% 39,102 41,078 5.05% 370.68 # -32.56 -913.13
Retail trade 19,070 16,397 -14.02% 172,384 176,460 2.36% 1056.48 # -605.57 -3123.91
Transportation and warehousing 4,448 4,107 -7.67% 48,992 54,074 10.37% 246.42 # 214.98 -802.40
Information 6,512 3,256 -50.00% 19,226 16,942 -11.88% 360.76 # -1134.37 -2482.39
Finance and insurance 9,863 8,482 -14.00% 47,128 48,560 3.04% 546.41 # -246.72 -1680.69
Real estate and rental and leasing 4,503 5,768 28.09% 32,070 40,628 26.69% 249.47 # 952.18 63.36
Professional, scientific, and technical services 9,735 12,213 25.45% 48,081 56,960 18.47% 539.32 # 1258.42 680.26
Management of companies and enterprises 2,777 2,471 -11.02% 10,898 10,017 -8.08% 153.85 # -378.34 -81.51
Administrative and waste services 10,726 10,766 0.37% 54,206 73,077 34.81% 594.22 # 3139.87 -3694.09
Educational services 4,221 4,787 13.41% 17,685 21,028 18.90% 233.84 # 564.05 -231.90
Health care and social assistance 17,863 19,177 7.36% 111,908 127,431 13.87% 989.61 # 1488.21 -1163.82
Arts, entertainment, and recreation 2,430 2,255 -7.20% 27,404 19,165 -30.06% 134.62 # -865.20 555.58
Accommodation and food services 10,984 10,548 -3.97% 106,631 115,758 8.56% 608.51 # 331.65 -1376.17
Other services, except public administration 9,512 9,452 -0.63% 76,930 85,457 11.08% 526.96 # 527.36 -1114.32
Total 140,729 133,890 -4.86% 1,143,299 1,206,584 5.54% 7796.39 # -6.62 -14628.77
Table5: Shift-Share Analysis
10
Appendix
Appendix A: Hinds County Profile
According to Hinds County Economic Development District, the location of
Hinds County puts businesses located in the area in an excellent logistical position. Hinds
County is strategically located in the center of the southeast United States and within 500
miles of all or part of 15 states and 76 Metropolitan areas which comprise approximately
39 percent of the nation's population and 35 percent of the total personal income. Jackson,
the state capital and central city of the Jackson metropolitan area, is located at the
intersection of Interstates 55 and 20. Hinds County draws many businesses because of its
location and its transportation network. By road, rail, air, and water, the county offers a
variety of economical and expeditious ways for quick and easy access to major cities
throughout the world. This ability to access both foreign and domestic markets puts the
world at the doorsteps of businesses located in Hinds County.
Demographic
Population Trend 1990-2007
County/City FY1990 FY2000 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007
Hinds 254,441 250,800 249,462 248,741 248,566 249,621 249,139 251,326 249,157
Bolton 637 629 626 623 617 616 609 614 606
Clinton 21,847 23,347 25,597 25,760 25,882 25,989 26,079 26,510 26,405
Edwards 1,279 1,347 1,338 1,331 1,321 1,319 1,303 1,330 1,307
Jackson 196,637 184,256 181,693 180,043 179,144 179,060 177,735 178,182 175,710
Learned 111 50 49 48 48 48 47 47 48
Raymond 2,275 1,664 1,769 1,766 1,726 1,688 1,719 1,730 1,711
Terry 613 664 682 675 675 686 700 728 785
Utica 1,033 966 953 943 934 929 920 930 918
Table A1: Hinds County population trend, FY1990-2007
Source: Central Mississippi Planning & Development District (CMPDD), City/County
population trend, Retrieved April 14, 2009
Hinds County
Population 2007 estimate 249,157
Male 117,963
Female 132,837
Median Age 31.9
18 Years and over 180,735
HS diploma or higher 120,803
In labor force 119,165
Mean travel time to work 21.6 minutes
Per capita income $17,785
Table A2: Population estimated of Hinds County, FY2007
Source: The Hinds County Economic Development District, retrieved: April 14, 2009
Workforce
Component Hinds County Labor Shed
Not employed but interested in working 89,333
Underemployed 51,831
Employed part-time, but prefer full-time 17,573
Recent College Graduates 6,522
Total 165,259
Table A3: Hinds County Workforce fact
Source: Greater Jackson Alliance Mississippi Regional Workforce & Labor Market
Assessment; Younger Associates, retrieved: April 14, 2009
LARGEST EMPLOYERS
Employer Number Employed Business Type
State of Mississippi 31,556 State Government
University Medical Center 8,000 Medical
U.S. Government 5,500 Federal Government
Jackson Public Schools 4,814 Education
Baptist Health Systems 2,875 Medical
St. Dominic Health Services 2,600 Medical
City of Jackson 2,323 Government
Trustmark National Bank 1,075 Banking
Saks Incorporated 800 Back Office Operations
AT&T Mississippi 1,300 Communications
Jackson State University 1,667 Higher Education
Central MS Medical Center 1,200 Medical
Delphi Mississippi 1,075 Automotive
Eaton Aerospace 625 Aerospace
Entergy Mississippi 765 Electric Utility
Table A4: Hinds County largest employers
Source: The Hinds County Economic Development District, retrieved: April 14, 2009
Healthcare
Citizens of Hinds County have unparalleled access to advanced medical technology. The
area's healthcare community has made a place for itself among leading health science
centers and healthcare providers, achieving breakthroughs and establishing superior
standards for medical care. The healthcare resources in the area are clustered around 13
hospital systems that include a major teaching and research center, a state psychiatric
hospital, a large Department of Veterans Affairs facility, and 10 other private non-profit
and for-profit institutions, with a combined bed space of 4,458. Greater Jackson's
reputation as a center for excellent health care is enhanced by the area’s low medical
costs compared with similar regions.
Housing
The Hinds County housing market has an ample supply of new and existing
homes. Potential buyers can access a good inventory of first homes, luxury homes,
acreage, condominiums, and apartments in suburban or rural settings that offer a short
commute. The average selling price of a home in the Greater Jackson area is $130,796,
and the average cost of construction is $75 to $100 per square foot. Rental rates for a
two-bedroom apartment are approximately $650 to $850. Whatever your preference,
needs, and style, Hinds County has affordable quality homes conveniently located to
work, school, and play.
Recreation
Hinds County offers an abundance of activities, attractions, and events that cater
to any taste and predilection. The county is home to professional ballet, theater, and opera
companies, and a statewide symphony orchestra. The capital city is also the U.S. host to
the International Ballet Competition, which attracts the world's most talented dancers,
and it is an annual site for the World Performance Series, which includes ballet, theater,
dance, and music from some of the premier artists in the world. The Mississippi Zoo is
here, as are many opportunities for boating, fishing, hiking, and golf. A great mix of
dining options and ample shopping add to the county’s immense livability.
Appendix B: City of Jackson Profile
Home to Mississippi’s capital city of Jackson, eight institutions of higher
education, major medical facilities, abundant housing options, unique shopping and
dining venues, and an enormous variety of recreation and leisure activities, Hinds County
has a quality of life that can’t be beat.
Demographic
2000 2001 2002 2003 2004 2005 2006 2007
Jackson 184,256 181,693 180,043 179,144 179,060 177,735 178,182 175,710
Table B1: Trend of population in City of Jackson FY2000-2007
Source: Central Mississippi Planning & Development District (CMPDD), retrieved April
14, 2009
Appendix C: Type of Retail Sales
Industry Sector
Automotive
(1) New And Used Automobile Dealers
(2) Auto Repair (New Car Dealers)
(3) Auto Parts, Tires, And Accessories
(4) Automotive Repair Shops
(5) Gasoline Service Stations
(6) Automotive Parking Lots And Garages
(7) Car Washes
(8) Motorcycle Dealers And Repair
(9) Trailer Dealers
(10) Aircraft Dealers
(11) Automotive Related Retail, Not Elsewhere
Classified
Machinery, Equip, Supplies
(1) Industrial Equipment and Supplies
(2) Manufacturing Machinery
(3) Marine Equipment and Supplies
(4) Oil Field Equipment and Supplies
(5) Road and Construction Equipment and Supplies
(6) Communication Equipment
(7) Professional Hospital
(8) Computer Equipment, Supplies and Repair
(9) Farm equipment
(10) Welding and General Repair
Food & Beverage
(1) Grocery Stores (General)
(2) Quick Stop, Grocery Stores
(3) Meat, Poultry And Fish Products
(4) Specialty Food Related Stores
(5) Liquor Stores (Package Stores And Bars)
(6) Concession Stands, Quick Food Stores, And Ice
Cream Parlors
(7) Restaurants And Cafes (Serving Alcoholic
And/Or Non-Alcoholic Beverages).
Furniture and Fixtures
(1) Furniture Stores;
(2) Appliance Stores;
(3) Music Stores;
(4) Business Furniture, Equipment, And Supplies;
(5) Furniture Repair Stores.
Public Utilities
(1) Railroad Transportation
(2) Intracity Bus Line
(3) Trucking - Local and Long Distance
(4) Water Transportation
(5) Air Transportation
(6) Transport Service
(7) Telephone and Telegraph
(8) Electric Company and Systems
(9) Electric Power Associations - Sales
(10) City Electric Systems
(11) City Gas Systems
(12) City Gas Systems
(13) Water Supply
(14) Industrial Fuel by Utilities
Apparel & General Merchandise
(1) Department Stores
(2) Automotive Merchandising
(3) Direct Selling
(4) Men's And Boys' Clothing Stores
(5) Ladies Ready-To-Wear Apparel Stores
(6) Children And Infants Apparel’ Store
(7) Shoe Stores
(8) Apparel And Accessory Stores
(9) General Merchandise
Lumber & Building Materials
(1) Building Materials (Hardware);
(2) Lumber And Other Building Materials;
(3) Plumbing, Heating, And Air Conditioning;
(4) Hardware Stores;
(5) Fence Dealers;
(6) Neon And Other Signs;
(7) Monuments And Tombstones;
(8) Saw Mills And Wood Preserving
(9) Electrical Work;
(10) Tin, Sheet Metal, And Fabric;
(11) Tile Setting.
Miscellaneous Retail
(1) Agricultural Services;
(2) Drug Stores;
(3) Antique And Second Hand Stores;
(4) Sporting Goods And Bicycles;
(5) Jewelry Stores;
(6) Florists;
(7) Camera And Photographic Supplies;
(8) Printing And Publishing;
(9) Advertising Specialists And Supplies;
(10) Mining (Metal, Sand, Gravel);
(11) Medical And Dental Supplies;
(12) Book And Stationery Stores;
(13) Farm And Garden Supplies;
(14) Fuel And Ice Dealers;
(15) Cigar Stores And Stands;
(16) Gift, Novelty, And Souvenir Stores;
(17) ales To Electric Power Utilities;
(18) Miscellaneous Retail
Miscellaneous Services (1) Oil and Gas Field Services
(2) Burglar and Fire Alarms
(3) Public Warehousing
(4) Marina Services
(5) Fixed Facilities, Air Transport
(6) TV Cable Service
(7) Phone Answering Service
(8) Banking
(9) Insurance Carriers
(10) Hotels, Courts, and Motels
(11) Trailer Parks
(12) Laundries, Dry Cleaning
Wholesales (1) Beer
(2) Distilled Alcoholic Beverage
Contracting
(1) Drilling Oil and Gas Wells
(2) General Building Contractors
(3) Heavy Construction Contractors
(4) Mechanical Contractors
(5) Electrical Contractors
(6) Insulation Contractors
(7) Elevator or Escalator Service
(8) Water Well Drilling
(9) Excavating, Grading, and Landscaping
Recreation
(1) Motion Picture Shows
(2) Nightclubs, Dance, Etc.
(3) Bowling, Billiards, and Pool
(4) Skating Rinks
(5) Parks, Etc.
(6) Race Tracks
(7) College Athletics
(8) Botanical Gardens, Zoos, Aquariums
(9) Museums
Table C1: Industrial Sectors
Source: Mississippi State Tax Commission, Annual Report
Appendix D: Calculations
FY 2007 FY 2007 FY 2007
Per Capita Income Total Retail Sales Populations
(Dollars) (Dollars) (Dollars)(3)
City of Jackson(1) 19,251 3,120,969,093 176,614 251314.6213 1.42
Hinds County(2) 27,468 4,802,489,989 249,012 271032.2759 1.09
Mississippi 25,051 47,034,556,873 2,910,540 2,910,540 1.00
Retail Sectors City of Jackson Hinds County Mississippi City of Jackson Hinds County
Automotive 704,744,821 770,192,926 6,425,719,094 2.35 1.28
Machinery, Equip, Supplies 160,345,066 216,358,632 3,065,223,100 1.12 0.75
Food & Beverage 547,660,325 709,462,192 7,183,344,469 1.63 1.05
Furniture and Fixtures 122,797,603 128,042,634 1,017,087,102 2.59 1.34
Public Utilities 335,827,209 382,166,043 4,160,798,241 1.73 0.98
Apparel & General Merchandise 433,588,090 541,301,832 7,517,150,424 1.24 0.77
Lumber & Building Materials 235,438,625 313,318,808 3,892,931,471 1.30 0.86
Miscellaneous Retail 332,074,816 421,848,572 3,741,915,105 1.90 1.20
Miscellaneous Services 207,471,040 276,405,889 2,605,241,338 1.71 1.13
Wholesales - 283,098,972 728,839,672 - 4.14
Contracting 32,795,735 749,879,571 7,289,280,846 0.10 1.10
Recreation 3,765,450 10,413,912 135,865,676 0.59 0.82
Total 3,120,969,093 4,802,489,989 47,034,556,873 2.19 1.09
(1) Metro Jackson Economic Development Alliance, FY 2006 http://www.jacksonms.gov/assets/planning/Ha
(1) U.S. Bureau of Census, Quick Facts, FY 2006, http://quickfacts.census.gov/qfd/states/28/2836000.html
(2) Hinds County Economic Development District, FY 2006, http://www.selecthinds.com/demographics.asp
(3) Regional Economic Information System, Bureau of Economic Analysis,
(4) Mississippi State Tax Commission, Annual Report, FY 2007
(Dollars) Pull Factors
City of Jackson & Hinds County's Pull Factors
Trade Area Capture Pull Factor*
Retail Sales(4)
Table D1: City of Jackson and Hinds County pull factors
Retail Sectors FY1998 FY1999 FY2000 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007
Automotive 712,480,646 748,742,921 786,276,939 774,060,216 776,645,187 754,714,902 742,851,004 727,219,984 737,260,911 704,744,821
Machinery, Equip, Supplies 174,890,810 196,342,782 212,370,847 173,960,448 159,425,972 158,096,149 133,359,400 141,751,048 168,842,038 160,345,066
Food & Beverage 524,413,243 551,943,720 546,442,821 563,931,563 557,318,313 563,052,200 596,735,199 582,882,981 566,207,154 547,660,325
Furniture and Fixtures 103,366,362 100,410,495 94,271,731 105,072,208 105,078,089 100,744,666 111,845,636 117,293,249 129,169,697 122,797,603
Public Utilities 181,466,993 198,265,897 225,284,465 311,203,054 277,481,400 284,252,781 322,642,884 347,417,785 438,735,163 335,827,209
Apparel & General Merchandise 448,438,299 463,142,000 451,345,009 423,020,250 438,139,761 427,322,713 417,894,408 411,900,792 435,047,290 433,588,090
Lumber & Building Materials 244,774,380 269,876,158 257,332,299 208,582,424 196,998,471 217,341,361 247,377,521 259,314,763 266,730,676 235,438,625
Miscellaneous Retail 362,106,000 378,465,158 401,948,454 422,735,499 437,986,904 367,341,396 378,280,084 342,797,051 341,246,525 332,074,816
Miscellaneous Services 195,687,374 221,541,738 197,005,572 159,641,224 150,786,113 161,143,054 160,236,370 165,382,284 213,060,824 207,471,040
Wholesales n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Contracting 26,249,344 29,465,282 30,997,755 31,493,887 31,708,820 30,338,355 19,297,115 37,136,189 30,626,380 32,795,735
Recreation 5,485,028 4,828,859 3,686,866 3,759,356 3,756,763 4,108,855 3,405,462 3,265,564 3,739,935 3,765,450
Total 2,979,358,478 3,163,025,012 3,206,962,763 3,177,460,135 3,135,325,796 3,068,456,437 3,133,946,730 3,136,361,694 3,336,042,431 3,120,969,093
City of Jackson's Trend of Retail Sales by Sectors
Table D2: City of Jackson Retail Sales Trend (FY1998-FY2007
City of Jackson Retail Sales Trend
0
500000000
1000000000
1500000000
2000000000
2500000000
3000000000
3500000000
FY1998 FY1999 FY2000 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007
Recreation
Contracting
Wholesales
Miscellaneous Services
Miscellaneous Retail
Lumber & Building Materials
Apparel & General Merchandise
Public Utilities
Furniture and Fixtures
Food & Beverage
Machinery, Equip, Supplies
Automotive
Figure D1: City of Jackson Retail Sales Trend (FY1998-FY2007)
Retail Sectors FY1998 FY1999 FY2000 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007
Automotive 771,817,430 811,412,148 850,375,619 831,888,618 845,882,313 839,293,587 838,154,643 833,736,166 803,730,252 770,192,926
Machinery, Equip, Supplies 243,923,194 296,548,284 303,764,975 234,373,609 214,135,239 196,072,312 160,829,870 183,655,210 242,502,079 216,358,632
Food & Beverage 650,624,058 672,585,942 664,407,239 675,376,851 670,142,030 683,705,462 721,601,866 717,899,941 718,951,764 709,462,192
Furniture and Fixtures 107,450,069 104,731,480 96,665,131 107,281,156 107,183,591 107,271,760 114,951,425 119,318,864 133,892,690 128,042,634
Public Utilities 203,548,169 218,397,681 245,808,798 337,783,440 305,480,240 314,871,027 360,836,372 386,285,613 487,907,841 382,166,043
Apparel & General Merchandise 498,766,270 512,153,323 498,095,306 501,158,263 526,172,233 520,855,803 537,409,383 510,821,862 548,160,915 541,301,832
Lumber & Building Materials 272,027,704 298,174,547 299,102,300 233,919,242 226,002,720 244,433,463 284,247,895 298,352,850 325,048,016 313,318,808
Miscellaneous Retail 402,250,591 426,215,769 466,531,829 493,456,083 506,177,491 444,404,349 465,078,842 429,542,606 428,109,784 421,848,572
Miscellaneous Services 216,472,732 247,623,589 264,735,124 205,239,716 182,156,317 208,403,448 185,419,975 187,474,602 187,474,602 276,405,889
Wholesales 262,194,994 254,747,643 235,941,555 241,540,599 251,198,319 258,379,283 269,687,948 279,825,276 297,530,534 283,098,972
Contracting 501,690,033 509,291,511 605,905,960 494,460,506 483,303,650 443,502,323 456,441,918 514,083,314 660,671,018 749,879,571
Recreation 9,474,528 9,480,471 7,238,662 8,037,955 7,710,959 8,083,063 7,312,673 6,900,482 10,625,031 10,413,912
Total 4,140,239,774 4,361,362,389 4,538,572,504 4,364,516,044 4,325,545,108 4,269,275,886 4,401,972,816 4,467,896,791 4,926,573,468 4,802,489,989
Hinds County's Trend of Retail Sales by Sectors
Table D3 Hinds County Retail Sales Trend (FY1998-FY2007)
Hinds County Retail Sales Trend (FY1998-FY2007)
0
1000000000
2000000000
3000000000
4000000000
5000000000
6000000000
FY1998 FY1999 FY2000 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007
Recreation
Contracting
Wholesales
Miscellaneous Services
Miscellaneous Retail
Lumber & Building Materials
Apparel & General Merchandise
Public Utilities
Furniture and Fixtures
Food & Beverage
Machinery, Equip, Supplies
Automotive
Figure D2: Hinds County Retail Sales Trend (FY1998-FY2007)
FY 2007
Total Retail Sales
City (Dollars)
Bolton 11,983,961
Clinton 322,129,852
Edwards 5,075,124
Jackson 3,120,969,093
Learned n/a
Raymond 13,179,558
Terry 11,664,891
Utica 11,711,673
Total 3,496,714,152
Hinds County's Municipality Total Retail Sales (FY2007)
Table D4: Hinds County's Municipalities Total Retail Sales (FY2007)
Hinds County's Municipalities Total Retail Sales (FY2007)
0%0%0% 10%0%
90%
0%0%0%0%
City Bolton Clinton Edwards Jackson Learned Raymond Terry Utica
Figure D3: Hinds County's Municipalities Total Retail Sales (FY2007)
Percentage of Change in Retail Sales of City of Jackson and Hinds County (FY1998-FY2007)
City of Jackson Hinds County
Retail Sales(Dollars) Retail Sales(Dollars)
Retail Sectors FY1998 FY2007 %Change FY1998 FY2007 %Change
Automotive 712,480,646 704,744,821 -1.09% 771,817,430 770,192,926 -0.21%
Machinery, Equip, Supplies 174,890,810 160,345,066 -8.32% 243,923,194 216,358,632 -11.30%
Food & Beverage 524,413,243 547,660,325 4.43% 650,624,058 709,462,192 9.04%
Furniture and Fixtures 103,366,362 122,797,603 18.80% 107,450,069 128,042,634 19.16%
Public Utilities 181,466,993 335,827,209 85.06% 203,548,169 382,166,043 87.75%
Apparel & General Merchandise 448,438,299 433,588,090 -3.31% 498,766,270 541,301,832 8.53%
Lumber & Building Materials 244,774,380 235,438,625 -3.81% 272,027,704 313,318,808 15.18%
Miscellaneous Retail 362,106,000 332,074,816 -8.29% 402,250,591 421,848,572 4.87%
Miscellaneous Services 195,687,374 207,471,040 6.02% 216,472,732 276,405,889 27.69%
Wholesales n/a n/a 262,194,994 283,098,972 7.97%
Contracting 26,249,344 32,795,735 24.94% 501,690,033 749,879,571 49.47%
Recreation 5,485,028 3,765,450 -31.35% 9,474,528 10,413,912 9.91%
Total 2,979,358,478 3,120,969,093 4.75% 4,140,239,774 4,802,489,989 16.00%
Table D5: Percentage of Change in Retail Sales of City of Jackson and Hinds County (FY1998-FY2007)
Location Quotient Hinds County Mississippi
Industrial Sector 2001 2006 2001(%) 2006(%) 2001 2006 2001(%) 2006(%) LQ2001 LQ2006
Forestry, fishing, and related activities 297 320 0.21% 0.24% 20,056 17,500 1.75% 1.45% 0.12 0.16
Mining 1,270 974 0.90% 0.73% 8,904 9,017 0.78% 0.75% 1.16 0.97
Utilities 1,168 1,010 0.83% 0.75% 8,156 8,151 0.71% 0.68% 1.16 1.12
Construction 7,788 7,860 5.53% 5.87% 86,020 102,469 7.52% 8.49% 0.74 0.69
Manufacturing 8,870 5,925 6.30% 4.43% 205,517 180,806 17.98% 14.98% 0.35 0.30
Wholesale trade 6,691 6,116 4.75% 4.57% 39,102 41,078 3.42% 3.40% 1.39 1.34
Retail trade 19,070 16,397 13.55% 12.25% 172,384 176,460 15.08% 14.62% 0.90 0.84
Transportation and warehousing 4,448 4,107 3.16% 3.07% 48,992 54,074 4.29% 4.48% 0.74 0.68
Information 6,512 3,256 4.63% 2.43% 19,226 16,942 1.68% 1.40% 2.75 1.73
Finance and insurance 9,863 8,482 7.01% 6.34% 47,128 48,560 4.12% 4.02% 1.70 1.57
Real estate and rental and leasing 4,503 5,768 3.20% 4.31% 32,070 40,628 2.81% 3.37% 1.14 1.28
Professional, scientific, and technical services 9,735 12,213 6.92% 9.12% 48,081 56,960 4.21% 4.72% 1.64 1.93
Management of companies and enterprises 2,777 2,471 1.97% 1.85% 10,898 10,017 0.95% 0.83% 2.07 2.22
Administrative and waste services 10,726 10,766 7.62% 8.04% 54,206 73,077 4.74% 6.06% 1.61 1.33
Educational services 4,221 4,787 3.00% 3.58% 17,685 21,028 1.55% 1.74% 1.94 2.05
Health care and social assistance 17,863 19,177 12.69% 14.32% 111,908 127,431 9.79% 10.56% 1.30 1.36
Arts, entertainment, and recreation 2,430 2,255 1.73% 1.68% 27,404 19,165 2.40% 1.59% 0.72 1.06
Accommodation and food services 10,984 10,548 7.81% 7.88% 106,631 115,758 9.33% 9.59% 0.84 0.82
Other services, except public administration 9,512 9,452 6.76% 7.06% 76,930 85,457 6.73% 7.08% 1.00 1.00
Total 140,729 133,890 100.00% 100.00% 1,143,299 1,206,584 100.00% 100.00% 1.00 1.00
Table D6: Location Quotient
Population-Employment Ratio Hinds County
Industrial Sector 2006
Population-Employee Ratio
Forestry, fishing, and related activities 320 778.62
Mining 974 255.81
Utilities 1,010 246.69
Construction 7,860 31.70
Manufacturing 5,925 42.05
Wholesale trade 6,116 40.74
Retail trade 16,397 15.20
Transportation and warehousing 4,107 60.67
Information 3,256 76.52
Finance and insurance 8,482 29.37
Real estate and rental and leasing 5,768 43.20
Professional, scientific, and technical services 12,213 20.40
Management of companies and enterprises 2,471 100.83
Administrative and waste services 10,766 23.14
Educational services 4,787 52.05
Health care and social assistance 19,177 12.99
Arts, entertainment, and recreation 2,255 110.49
Accommodation and food services 10,548 23.62
Other services, except public administration 9,452 26.36
Total 133,890
Population Estimate (FY2007) = 249,157
Table D7: Population-employment ratio
Shift-Share Analysis Hinds County Mississippi Hinds County Shif-Share
Industrial Sector 2001 2006 % change 2001 2006 % change Average growth
Industrial mix
Competitive Share
Forestry, fishing, and related activities 297 320 7.74% 20,056 17,500 -12.74% 16.45 # -54.30 60.85
Mining 1,270 974 -23.31% 8,904 9,017 1.27% 70.36 # -54.24 -312.12
Utilities 1,168 1,010 -13.53% 8,156 8,151 -0.06% 64.71 # -65.42 -157.28
Construction 7,788 7,860 0.92% 86,020 102,469 19.12% 431.46 # 1057.79 -1417.24
Manufacturing 8,870 5,925 -33.20% 205,517 180,806 -12.02% 491.40 # -1557.91 -1878.49
Wholesale trade 6,691 6,116 -8.59% 39,102 41,078 5.05% 370.68 # -32.56 -913.13
Retail trade 19,070 16,397 -14.02% 172,384 176,460 2.36% 1056.48 # -605.57 -3123.91
Transportation and warehousing 4,448 4,107 -7.67% 48,992 54,074 10.37% 246.42 # 214.98 -802.40
Information 6,512 3,256 -50.00% 19,226 16,942 -11.88% 360.76 # -1134.37 -2482.39
Finance and insurance 9,863 8,482 -14.00% 47,128 48,560 3.04% 546.41 # -246.72 -1680.69
Real estate and rental and leasing 4,503 5,768 28.09% 32,070 40,628 26.69% 249.47 # 952.18 63.36
Professional, scientific, and technical services 9,735 12,213 25.45% 48,081 56,960 18.47% 539.32 # 1258.42 680.26
Management of companies and enterprises 2,777 2,471 -11.02% 10,898 10,017 -8.08% 153.85 # -378.34 -81.51
Administrative and waste services 10,726 10,766 0.37% 54,206 73,077 34.81% 594.22 # 3139.87 -3694.09
Educational services 4,221 4,787 13.41% 17,685 21,028 18.90% 233.84 # 564.05 -231.90
Health care and social assistance 17,863 19,177 7.36% 111,908 127,431 13.87% 989.61 # 1488.21 -1163.82
Arts, entertainment, and recreation 2,430 2,255 -7.20% 27,404 19,165 -30.06% 134.62 # -865.20 555.58
Accommodation and food services 10,984 10,548 -3.97% 106,631 115,758 8.56% 608.51 # 331.65 -1376.17
Other services, except public administration 9,512 9,452 -0.63% 76,930 85,457 11.08% 526.96 # 527.36 -1114.32
Total 140,729 133,890 -4.86% 1,143,299 1,206,584 5.54% 7796.39 # -6.62 -14628.77
Table D7: Shift-Share Analysis
Reference
Central Mississippi Planning & Development District (CMPDD),City/County population
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Population%20Change.pdf
Central Mississippi Planning & Development District (CMPDD), Retrieved April 14,
http://www.cmpdd.org/Demographic%20Data%20Charts/2001-
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Hinds County Economic Development District, FY 2006, Retrieved: March, 2009
http://www.selecthinds.com/demographics.asp
Hustedde Ronald, North Central Regional Center for Rural Development, 2005,
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http://www.jacksonms.gov/assets/planning/Hawkins%20Field%20Data%20Sheet.
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