weatherford economic development authority, inc

WeatherfordWeatherford EDAEDA

Weatherford Economic

Development Authority,

Inc.

Weatherford Weatherford Economic Development Authority, Inc.

EDAEDAWeatherford

Economic Development

Authority, Inc.

WeatherfordWeatherford

Weatherford Economic Development Authority, Inc.1320 Santa Fe Dr., Ste. 200, Weatherford, Texas 76086

(817) 594-9429; Fax (817) 594-4786 Email: [email protected]




Inc.

1320 Santa Fe Dr., Ste. 200, Weatherford, Texas 76086; (817) 594-9429; Fax (817) 594-4786 Email: [email protected]

Weatherford Weatherford EDAEDAWeatherford Economic Development Authority, Inc.

“A City Growing to the Future!”

www.weatherfordtxeda.orgwww.weatherfordtxeda.org

WWeeaatthheerrffoorrdd EEDDAA Weatherford Economic Development Authority, Inc.

WEATHERFORD COMMUNITY DATA PROFILE CITY: Weatherford COUNTY: Parker STATE: Texas Updated: December, 2007

This information is deemed to be from a reliable source, but is not warranted in any way by the Weatherford Economic Development Authority, Inc. WEATHERFORD ECONOMIC DEVELOPMENT AUTHORITY, INC. 1320 Santa Fe Drive, Suite 200, Weatherford, Texas 76086 (817) 594-9429 Metro (817) 596-0400 Fax (817) 594-4786 Website: www.weatherfordtxeda.org E-mail: [email protected]

1

WeatherfordEconomic

DevelopmentAuthority,

Inc.

WWeeaatthheerrffoorrdd EEDDAA

Major Private Employers – CITY of WEATHERFORD AREA

NAME PRODUCT EMPL. YR/EST. TOWN Acme Brick, Inc. Bricks 280 1891 Millsap Albertson’s Retail Grocery 123 2001 Weatherford Baker’s Ribs Restaurant 18 2000 Weatherford Best Buy Retail 100 2005 Weatherford Brookshires Retail Grocery 89 2002 Weatherford C.D. Hartnett Co. Wholesale Grocery 268 1880 Weatherford Chick-Fil-A Restaurant 30 2005 Weatherford Chili’s Restaurant 85 2005 Weatherford Compass Financial 360 2005 Weatherford Cracker Barrel Restaurant 95 2005 Weatherford Dralco, Inc. Fabricated Metal Products 32 1983 Weatherford First National Bank Financial 42 1880 Weatherford Golden Corral Restaurant 23 1991 Weatherford Heritage Plastics Central PVC Pipe & Conduit 84 2000 Weatherford Hooks Lincoln/Mercury Retail Vehicles 25 1981 Hudson Oaks Hyponex Compost 59 1976 Cresson IHOP Restaurant 45 2001 Weatherford JAMAK, Inc. Silicone Rubber 380 1974 Weatherford Jerry’s Transportation Center Retail Vehicles 285 1970 Hudson Oaks Kohl’s Retail 115 2005 Weatherford Kennedy Sausage Meat Products 10 1964 Weatherford Kroger Retail Grocery 48 1977 Weatherford LaFluer Petroleum Oil Field Products/Machinery 60 1986 Weatherford Love’s County Store Truck Stop w/restaurant 21 1992 Weatherford Lowe’s Retail 143 2005 Weatherford Magic Touch Car Wash 31 1982 Weatherford Mesquite Pit Restaurant 50 1993 Weatherford Montana’s Restaurant 55 1999 Weatherford Office Depot Retail 14 2005 Weatherford On-The-Border Restaurant 73 2005 Weatherford Petro Truck Stop / Restaurant 200 1975 Weatherford PetSmart Retail 28 2005 Weatherford Pilot Truck Stop Truck Stop/Restaurant 21 1997 Weatherford Power Service Products, Inc. Diesel Fuel Additives 43 1956 Weatherford RIM, Inc. Plastics/Rubber Products 30 1979 Weatherford Rip Griffin Truck Service Truck Maintenance w/ Restaurant 15 2002 Weatherford Roger Williams Chrysler Auto Dealer 66 1939 Weatherford Ross Retail 73 2005 Weatherford Southwest Ford Retail Vehicles 155 1987 Hudson Oaks Summa Labs Pharmaceuticals 22 1972 Millsap Super Save Retail Grocery 88 1992 Weatherford Target Retail 120 2005 Weatherford The Home Depot Retail 125 1999 Weatherford Tin Melon Restaurant 42 2003 Weatherford Wal-Mart Retail 370 1987 Weatherford Weatherford Aerospace Chem. Milling & Aircraft Pts. 112 1973 Weatherford Weatherford Cushion Co. Textile Products 40 1956 Weatherford Weatherford National Bank Financial 96 1984 Weatherford

MAJOR PUBLIC EMPLOYERS - 2007

Name Product Empl. Yr/Est. Town Weatherford Regional Medical Center Hospital/Health Care 543 1968 Weatherford City of Weatherford City Government 353 1918 Weatherford Parker County County Government 450 1854 Weatherford Weatherford College Education 500 1869 Weatherford Weatherford ISD Education 929 1954 Weatherford U.S. Postal Federal Government 98 1886 Weatherford

Weatherford EDAWEATHERFORD COMMUNITY DATA PROFILE

Major Private Employers - WEATHERFORD plus [some] PARKER COUNTYName Product Empl. Yr/Est. Town

Acme Brick, Inc. Bricks 280 1891 MillsapAlbertson’s Retail Grocery 123 2001 WeatherfordAntelope Oil/Tool Co. Oil Well Cementing Prod. 110 1962 Mineral WellsBJ Services Oil Field Service 180 1876 Mineral WellsBaker’s Ribs Restaurant 18 2000 WeatherfordBest Buy Retail 100 2005 WeatherfordBrookshires Retail Grocery 89 2002 Willow ParkBrookshires Retail Grocery 118 2002 WeatherfordC.D. Hartnett Co. Wholesale Grocery 268 1880 WeatherfordChick-Fil-A Restaurant 30 2005 WeatherfordChili’s Restaurant 85 2005 WeatherfordClark’s Precision Tools Oil Field & Aircraft Parts 33 1968 AzleCorrections Corp. of America Rehabilitation 250 1989 Mineral WellsCotton Patch Restaurant 36 2004 WeatherfordCompass Bank Financial 360 2005 WeatherfordCracker Barrel Restaurant 95 2005 WeatherfordDavid’s Patio Concrete Items 55 1963 SpringtownDralco, Inc. Fabricated Metal Products 32 1983 WeatherfordFirst National Bank Financial 42 1880 WeatherfordGolden Corral Restaurant 23 1991 WeatherfordHeritage Plastics Central PVC Pipe & Conduit 84 2000 WeatherfordHome Depot Retail 125 1999 WeatherfordHooks Lincoln/Mercury Retail Vehicles 25 1981 Hudson OaksHyponex Compost 59 1976 CressonIHOP Restaurant 45 2001 WeatherfordJAMAK, Inc. Silicone Rubber 380 1974 WeatherfordJerry’s Transportation Center Retail Vehicles 285 1970 Hudson OaksKohl’s Retail 115 2005 WeatherfordKennedy Sausage Meat Products 10 1964 WeatherfordKroger Retail Grocery 48 1977 WeatherfordLaFleur Petroleum Services Oil Field Products 60 1986 WeatherfordLowe’s Retail 138 2005 WeatherfordLove's Country Store Truck Stop / Restaurant 21 1997 WeatherfordMagic Touch Car Wash 31 1982 WeatherfordMeggitt / S-TEC Autopilots 250 1979 Mineral WellsMesquite Pit Restaurant 50 1993 WeatherfordMontana’s Restaurant 55 1999 WeatherfordNewtronics Antenna Corp. Comm. & CB Radio Antennas 15 1970 Mineral WellsOffice Depot Retail 14 2005 WeatherfordOn-The-Border Restaurant 73 2005 WeatherfordPetro Stopping Center Truck Stop / Restaurant 200 1975 WeatherfordPetSmart Retail 28 2005 WeatherfordPilot Travel Center Truck Stop / Restaurant 21 1997 WeatherfordPolymer Adhesive Sealant Sys. Adhesives & Sealants 30 1989 Mineral WellsPower Service Products, Inc. Diesel Fuel Additives 43 1956 WeatherfordQuality Trailers Trailer Parts 13 1969 AzleRIM, Inc. Plastics/Rubber Products 30 1979 WeatherfordRip Griffin Truck Service Truck Stop / Restaurant 15 2002 WeatherfordRoger Williams Chrysler Auto Dealer 66 1939 WeatherfordRoss Retail 73 2005 WeatherfordSouthwest Ford Retail Vehicles 155 1987 Hudson OaksSumma Labs Pharmaceuticals 22 1972 MillsapSuper Save Retail Grocery 88 1992 WeatherfordTJ Machine & Tool Machine Shop 60 1971 AzleTarget Retail 120 2005 WeatherfordTrinity Coating Company Industrial Coatings 7 1963 Mineral WellsWal-Mart Retail 370 1987 WeatherfordWal-Mart Retail 330 2006 Hudson OaksWeatherford Aerospace Chem. Milling & Aircraft Pts. 112 1973 WeatherfordWeatherford Cushion Co. Textile Products 40 1956 WeatherfordWeatherford National Bank Financial 96 1984 Weatherford

Weatherford Economic Development Authority, Inc.

County: PARKER Updated: July 2007 State: TEXAS

W eatherfordEconomic

DevelopmentAuthority,

Inc.

WW eeaatthh eerrffoo rrdd EE DD AA

Name Product Empl. Yr/Est. TownAledo ISD Education 528 1888 AledoAzle ISD Education 843 1846 AzleBrock ISD Education 102 1945 BrockCity of Weatherford City Government 353 1918 WeatherfordMillsap ISD Education 100 1941 MillsapPeaster ISD Education 137 1954 PeasterPoolville ISD Education 86 1868 PoolvilleParker County County Government 450 1854 WeatherfordSpringtown Isd Education 522 1890 SpringtownWeatherford College Education 500 1869 WeatherfordWeatherford ISD Education 929 1954 WeatherfordWeatherford Regional Medical Ctr Hospital / Healthcare 560 1968 WeatherfordU.S. Postal Federal Government 98 1886 Weatherford

1320 Santa Fe Drive, Suite 200, Weatherford, Texas 76086 (817) 594-9429 Metro (817) 596-0400Fax (817) 594-4786 Website: www.weatherfordtxeda.org E-mail: [email protected]

MAJOR PUBLIC EMPLOYERS - 2007

Weatherford Economic Development Authority, Inc.




Inc.

Weatherford, Texaswww.weatherfordtxeda.org

WeatherfordWeatherford

Fort WorthDallas

IH-20

IH-35W

IH-35

IH-35EIH-20

IH-30IH-30

Hillsboro

Denton

Parker Co.

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Economic IndicatorsEconomic Indicators




Inc.

Weatherford Weatherford

Fort Worth

Dallas

DFW Metroplex Districts2003 Forecast Districts - DFW MetroplexNorth Central Texas Council of Governments (NCTCOG)

The NCTCOG 2030 Demographic Forecast, which is conducted for the 10 counties surrounding the Dallas-Fort Worth urban core, predicts growth of almost 4 million persons and just over 2 million jobs between 2000 and 2030. By 2030, the area is expected to reach 9.1 million persons and approximately 5.4 million jobs. For more information, go to http://www.dfwinfo.com/forecast




Inc.




Inc.

City/County City/County Population TrendsPopulation TrendsWeatherford/Parker County

11,750

33,888

12,049

44,609

14,804

64,875

15,800

72,300

18,000

73,800

18,550

80,225

19,000

88,495

19,381

91,183

19,800

94,752

20,550

98,450

21,900

103,050

23,050

107,400

24,000

112,000

25,000

116,150

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

110,000

120,000

1970 1,980 1990 1995 1996 1997 2000 2001 2002 2003 2004 2005 2006(Est.)

2007(Est.)

Source: *2000 Census; ## Estimate - NCT COG

2004 -“2nd Fastest [rate] Growing County in the 16 Counties of the DFW Metroplex”

City @ 10.02 %; County @ 5.19%

20042004 --““2nd Fastest 2nd Fastest [rate][rate] Growing County in Growing County in the 16 Counties of the DFW Metroplexthe 16 Counties of the DFW Metroplex””

City @ 10.02 %; County @ 5.19%City @ 10.02 %; County @ 5.19%

® Weatherford Economic Development Authority 2007

##

##

##

*

*




Inc.

Demographic Forecast DataNorth Central Texas Council of Governments

City of Weatherford Population

2000 2005 2010 2015 2020 2025 203018,534* 23,488 (1) 26,877 26,877 29,551 30,656 35,786 38,584

23,450 (2005 NCT COG Est.)

25,000 (2007 NCT COG Est.)

(1) @ 3.0 % per/yr. population est. to be 27,318 in 2010 @ 3.0 % per/yr. population est. to be 27,318 in 2010 (WEDA Estimate)(WEDA Estimate)


Households

2000 2005 2010 2015 2020 2025 20307,442* 9,352 10,668 11,810 12,213 14,260 15,315

Employment

2000 2005 2010 2015 2020 2025 20309,003 11,008 12,714 14,606 16,931 18,482 19,626*/##NCTCOG estimate adjusted from 2000 Census count. Does not include group quarters.

2004 – 10.01% growth;2005 – 2.3% growth;2006 - 3.95 % growth; 31.6% growth since 2000 Census

20042004 –– 10.01% growth;10.01% growth;20052005 –– 2.3% growth;2.3% growth;20062006 -- 3.95 % growth; 3.95 % growth; 31.6% growth since 2000 Census31.6% growth since 2000 Census

##

##

This information is deemed to be from a reliable source, but is not warranted in any way by the Weatherford Economic Development Authority.






Inc.

City of Weatherford Planning & Development Department, John Hamilton, Director® Weatherford Economic Development Authority 2006

FY 2005 thru 2006 Residential Subdivision DevelopmentWeatherford (CL & ETJ) & Parker County




Inc.

Demographic Forecast DataNorth Central Texas Council of Governments

Parker County Population

2000 2005 2010 2015 2020 2025 203085,617* 95,629 116,151 146,617 187,892 258,140 328,418

107,400 (2005 NCT COG Est.)

116,200 (2007 NCT COG Est.)

Households

2000 2005 2010 2015 2020 2025 203031,131* 35,371 42,927 54,321 70,625 96,704 123,631Employment

2000 2005 2010 2015 2020 2025 203029,816 34,900 38,547 46,277 54,972 69,681 94,703

*NCTCOG estimate adjusted from 2000 Census count. Does not include group quarters.


107,400 (2005 NCT COG Est.)

116,200 (2007 NCT COG Est.)




Inc.

Govt.19.6%

NR & Mining5.2%

Info. Srvs.0.9%

Constr.8.5%

Other3.2%

Leisure & Hosp.10.8%

Retail12.3%

Fin. Act.3.6%

Trade, Trnsp, Whse & Util

9.5%

Mfg.10.5%

Services (P&B/Ed-Hlth)

15.9%

Parker County

Industry Sector Employment

“Texas Labor Market Review”, TWC-LMI Department

2nd Qtr 2007





Inc.

City/CountyCity/County

Civilian Labor Force TrendsCivilian Labor Force Trends

8,310

32,543

7,534

35,545

7,552

35,611

7,849

36,993

8,253

38,995

8,451

39,802

8,975

42,279

9,929

43,467

9,586

45,169

9,488

44,746

9,809

46,262

9,785

46,140

10,671

50,318

11,233

52,966

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

55,000

60,000

1990 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006

Source: Texas Workforce Commission

Weatherford/Parker County


# #

# Estimated




Inc.

Source: North Texas Commission – DFW, “Window on the DFW Metroplex”, May/June 2003



Development Authority

Tarrant76%

Dallas87%

Commuting Workforce

49%Weatherford/Parker County41%

Dallas/Fort Worth MetroplexCommuting Patterns - Weatherford/Parker CountyMay 2003





Inc.

City/CountyCity/County

Sales & Use Tax TrendsSales & Use Tax Trends

1,356

2,2762,699

4,055

2,920

4,313

3,151

4,706

3,377

5,054

3,742

5,623

4,141

6,196

4,897

7,115

5,145

7,458

5,042

7,412

5,191

7,759

5,689

8,467

6,669

9,945

7,307

11,744

8,162

13,431

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

1990 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 ThruNov.2007

Source: State Comptroller’s Office

Weatherford/Parker County

in ,000’s





Inc.Hotel & Motel Growth

Retail & Commercial Businesses Population growth, Equine “Cutting Horse” activities Barnett Shale Natural Gas ServicesProximity to Metroplex AttractionsOther Factors

Seven new motels have been constructed in the last five years and one addition at Holiday Inn which brings the total additional new rooms to 441.

LaQuinta 65 rooms Opened Jan. 2002Super 8 64 rooms Opened June 2002Comfort Suites 57 rooms Opened Mar 2003Motel 6 51 rooms Opened Oct 2003Budget Motel 32 rooms Opened Nov 2003Econo Lodge 32 rooms Opened Mar 2004Holiday Inn 20 new suites Completed Dec 2003Hampton Inn 69 rooms Opened 2005Sleep Inn 51 rooms Completed July 2007


15.09%

% Change Year to Year

$3,091,838.86

2nd Qtr. 2007 Receipts

773 Rooms18 Hotels

Hotel / Motel Tax Receipts*


*Texas Comptroller of Public Accounts




Inc.

For 2006

Barnett Shale – Natural Gas ProductionFort Worth Basin; Parker County/WeatherfordJanuary 2007

1. Denton Co. – 2,055/2.024 Wells2. Wise Co. –1673/1597 Wells3. Tarrant Co. –951/922 Wells4. Johnson Co. – 753/717 Wells5. Parker Co. –395/374 [New] WellsOut of 20 County Production Area

For 2006

Barnett Shale – Natural Gas ProductionFort Worth Basin; Parker County/WeatherfordJanuary 2007

1. Denton Co. – 2,055/2.024 Wells2. Wise Co. –1673/1597 Wells3. Tarrant Co. –951/922 Wells4. Johnson Co. – 753/717 Wells5. Parker Co. 5. Parker Co. ––395/374 [New] Wells395/374 [New] WellsOut of 20 County Production Area Parker Co.

September 2007

RR Commission – Gas Well Counts -Regular Producing! Source: RR Commission of Texas “Gas Well Count as of September 2007”

1. Wise Co. –3719 Wells2. Denton Co. – 2156 Wells3. Parker Co. –1327 Wells4. Tarrant Co. –963 Wells5. Johnson Co. – 819 Wells

September 2007

RR Commission – Gas Well Counts -Regular Producing! Source: RR Commission of Texas “Gas Well Count as of September 2007”

1. Wise Co. –3719 Wells2. Denton Co. – 2156 Wells

3. Parker Co. 3. Parker Co. ––1327 Wells1327 Wells4. Tarrant Co. –963 Wells5. Johnson Co. – 819 Wells Fort Worth Star-Telegram,

No Slowdown in the Barnett Shale – Drilling Westward, Dan Piller, March 17, 2006

Fort Worth Star-Telegram, No Slowdown in the Barnett Shale – Drilling Westward, Dan Piller, March 17, 2006

Source: Bounty from Below:, The Perryman Group, May 2007




Inc.

Barnett Shale – Natural Gas ProductionFort Worth Basin; Parker County/WeatherfordMay 2007

Barnett Shale – Natural Gas ProductionFort Worth Basin; Parker County/WeatherfordMay 2007

Parker County•Active Wells 374 – 5th of 14

•Total Jobs 2,548 - 6th of 14

• Output (real gross product) $211,500,000 - 7th of 14

• Expenditures $491,500,000 - 7th of 14


Parker County•Active Wells 374 – 5th of 14

•Total Jobs 2,548 - 6th of 14

• Output (real gross product) $211,500,000 - 7th of 14

• Expenditures $491,500,000 - 7th of 14





Inc.

Economic Impact AnalysisCutting Horse Industry (2006)Weatherford & Parker County

Presented By: Weatherford Economic Development Authority, Inc.

& Impact Data Source, Jerry Walker, Austin, TX 78735 (512) 892-0205


A. Direct Impact:734 Jobs [57 Businesses] $ 7,407,000 SalariesTaxable sales (est.) $ 4,037,000Annual Tax Revenue Paid $ 300,400Total “Direct” Impact to the Economy: $11,744,400a) 1.5% of all jobs and salaries in Parker County (49,870 CLF/$503 million salaries)

B. Indirect and Induced Impact:1347 Jobs [105 (est.) Other Businesses] $18,021,000 SalariesTaxable Sales $ 9,815,700Annual Tax Revenue Paid $ 730,300Total “Indirect” Impact to the Economy: $28,567,000a) 2.94% of all jobs in Parker County; 3.54% of all Salaries in Parker County

C. Total Impact2081 Jobs [162 (est.) Businesses] $25,429,000 SalariesTaxable Sales $13,852,000Annual Tax Revenue Paid $ 1,031,000Total “Input” to the Economy: $40,312,000a) 4.2% of all jobs in Parker County; 5.1% of all Salaries in Parker County

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