2019 Fox Cities Economic Outlook Survey Results

Page 1

2019 Fox Cities

SURVEY RESULTS

FoxCitiesRegion.com FoxCitiesRegion.com

page1 1 page


2019 FOX CITIES

ECONOMIC OUTLOOK SURVEY table of contents METHODOLOGY: PAGE 2 SURVEY RESPONDENTS: PAGES 4 - 5 HOW WAS 2018?:

PAGES 6 - 7

EXPECTED IN 2019:

PAGES 8 - 9

QUALIFIED WORKFORCE:

PAGE 10

ADVANTAGES & CHALLENGES:

PAGE 11

LIFE & BUSINESS IN THE FOX CITIES:

PAGE 12

QUESTIONS & RESPONSES:

PAGES 14 - 17

Fox C i t i e s C h a m b e r.c o m


PRESENTING SPONSOR:

SUPPORTING SPONSOR:

MEDIA PARTNER:

YOUR HOSTS:

A DIVISION OF

FoxCitiesRegion.com

page 1


METHODOLOGY The 2019 Fox Cities Economic Outlook Survey was conducted by the Fox Cities Regional Partnership, the economic development division of the Fox Cities Chamber of Commerce, in early January and included the participation of 194 businesses and organizations located in Outagamie, Calumet and the northern portion of Winnebago Counties. Respondents fell within the following categories:

MFG • Manufacturing

F.I.R.E • Financial • Insurance • Real Estate

TRADE • Wholesale Trade • Retail Trade

SERVICE • Professional, Scientific, and Technical Services • Administrative and Support, Waste Management and Remediation Services • Health Care and Social Assistance • Accommodation and Food Services • Other Services (except Public Administration)

OTHER • • • • • • • •

Construction Public Administration Transportation and Warehousing Arts, Entertainment and Recreation Educational Services Information/Media Utilities Non-Profit

Survey results do not represent a statistically valid sample but are intended to offer general insight into the regional economy.

page 2

Fox C i t i e s C h a m b e r.c o m


FoxCitiesRegion.com

page 3


SURVEY RESPONDENTS OTHER

F.I.R.E.

Trade

Service

MFG.

page 4

Fox C i t i e s C h a m b e r.c o m


SURVEY RESPONDENTS 2015

2016

2017 MFG

F.I.R.E.

TRADE

SERVICE

OTHER

NOTES:

2018

2019

FoxCitiesRegion.com

page 5


HOW WAS 2018? 2015

2016

2017

2018

2019

page 6

Fox C i t i e s C h a m b e r.c o m


HOW WAS 2018? NOTES:

FoxCitiesRegion.com

page 7


EXPECTED IN 2019? 2015

2016

2017

2018

2019 page 8

Fox C i t i e s C h a m b e r.c o m


EXPECTED IN 2019? NOTES:

FoxCitiesRegion.com

page 9


QUALIFIED WORKFORCE AVAILABILITY 2015

2016

2017

2018

NOTES:

2019 page 10

Fox C i t i e s C h a m b e r.c o m


ADVANTAGES & CHALLENGES NOTES:

FoxCitiesRegion.com

page 11


LIFE & BUSINESS IN THE FOX CITIES 2015

2016

2017

2018

2019

page 12

Fox C i t i e s C h a m b e r.c o m


www.foxcu.org

NOMINATE AN EXCEPTIONAL BUSINESS

The Fox Cities Chamber Business Awards recognize businesses that help make it a vibrant, innovative and dynamic community.

LEARN MORE AT FOXCITIESCHAMBER.COM

JOIN US 5/7/19 FOR THE BUSINESS AWARDS LUNCHEON

FoxCitiesRegion.com

page 13


2019 Economic Outlook Survey:

QUESTIONS & RESPONSES Figures may not sum due to rounding. Manufacturing Respondents

Trade (Retail &

Service

F.I.R.E. (Finance, Insurance, Real Estate)

Wholesale)

Other (Construction, Information, Public, etc.)

Total

34

63

10

36

51

194

% Of Respondents

16.3%

30.3%

4.8%

17.3%

24.5%

100.0%

Employees Represented

17,202

5,700

2,713

5,915

10,617

42,147

Was your firm’s 2018 local employment... Firms

ahead of 2017

MFG

9

Service Trade F.I.R.E.

same as 2017

26.5%

16

21

33.3%

2

20.0%

12

33.3%

behind 2017

47.1%

3

17

27.0%

3

30.0%

18

50.0%

SURVEY CONDUCTED BY:

not applicable

9.0%

5

14.7%

16

25.4%

9

14.3%

2

20.0%

3

30.0%

3

8.3%

3

8.3%

Other

24

47.1%

16

31.4%

2

3.9%

8

15.7%

Overall

68

35.1%

70

74.5%

26

13.4%

28

14.4%

Were your 2018 profits...

Was your 2018 gross sales activity... ahead of 2017

same as 2017

behind 2017

not applicable

ahead of 2017

same as 2017

behind 2017

MFG

21

68.6%

4

11.8%

3

8.8%

5

14.7%

MFG

19

55.9%

4

11.8%

5

14.7%

5

14.7%

Service

28

44.4%

19

30.2%

7

9.5%

9

14.3%

Service

23

36.5%

17

30.0%

13

20.6%

10

15.9%

3

30.0%

2

20.0%

3

30.0%

2

20.0%

Trade

4

40.0%

3

30.0%

1

10.0%

2

20.0%

F.I.R.E.

24

66.7%

6

16.7%

4

11.1%

2

5.6%

F.I.R.E

23

63.9%

5

13.9%

4

11.1%

3

8.3%

Other

27

52.9%

7

13.7%

3

5.9%

13

25.5%

Other

19

37.3%

13

25.5%

4

7.8%

14

27.5%

Overall

103

53.1%

38

19.6%

20

10.3%

31

16.1%

Overall

88

45.4%

42

21.6%

27

13.9%

34

17.5%

Trade

not applicable

During 2018, what was the average percent change in salary for your Fox Cities employees? 0%

1%

2%

3%

4%

5%

6%

> 6%

commission

na

MFG

0

0.0%

2

5.9%

10

29.4%

10

29.4%

3

8.8%

1

2.9%

0

0.0%

2

5.9%

0

0.0%

0

0.0%

Service

4

6.3%

5

7.9%

5

7.9%

21

33.3%

11

17.5%

1

1.6%

1

1.6%

4

6.3%

4

6.3%

0

0.0%

Trade

1

10.0%

1

10.0%

1

10.0%

2

20.0%

0

0.0%

0

0.0%

0

0.0%

1

10.0%

2

20.0%

0

0.0%

F.I.R.E.

1

2.8%

3

8.3%

7

11.1%

11

17.5%

4

11.1%

3

8.3%

0

0.0%

1

2.8%

4

11.1%

0

0.0%

Other

4

7.8%

2

3.9%

8

15.7%

18

35.3%

7

13.7%

3

5.9%

1

2.0%

1

2.0%

3

5.9%

0

0.0%

Overall

10

51.5%

13

6.7%

31

16.1%

62

32.1%

25

12.9%

8

4.1%

2

1.0%

9

4.6%

13

6.7%

0

0.0%

page 14

Fox C i t i e s C h a m b e r.c o m


2019 Economic Outlook Survey:

QUESTIONS & RESPONSES

Turning now to 2019, do you anticipate local employment to... increase

remain the same

decrease

not applicable

MFG

11

32.4%

16

47.1%

1

2.9%

0

Service

20

31.7%

29

46.0%

4

6.3%

3

4.8%

1

10.0%

6

60.0%

0

0.0%

4

40.0% 13.9%

Trade

0.0%

F.I.R.E.

17

47.2%

13

36.1%

0

0.0%

5

Other

21

41.2%

18

35.3%

3

5.9%

5

9.8%

Overall

70

36.1%

82

42.2%

8

4.1%

17

8.8%

What do you anticipate will be the average percent change in salary for your Fox Cities employees in 2019? 0%

1%

2%

3%

4%

5%

6%

> 6%

commission

na

MFG

1

2.9%

1

2.9%

12

35.3%

8

23.5%

3

8.8%

1

2.9%

1

2.9%

1

2.9%

0

0.0%

0

0.0%

Service

7

11.1%

5

7.9%

5

7.9%

23

36.5%

7

11.1%

3

4.8%

0

0.0%

1

1.6%

2

3.2%

0

0.0%

Trade

1

10.0%

0

0.0%

1

10.0%

2

20.0%

0

0.0%

0

0.0%

0

0.0%

1

10.0%

3

30.0%

0

0.0%

F.I.R.E.

1

2.8%

2

5.6%

6

16.7%

10

27.8%

4

11.1%

3

8.3%

1

2.8%

0

0.0%

4

11.1%

0

0.0%

Other

6

11.8%

1

2.0%

10

19.6%

19

37.3%

4

7.8%

2

3.9%

0

0.0%

2

3.9%

3

5.9%

0

0.0%

Overall

16

8.2%

9

4.6%

34

17.5%

62

32.0%

18

9.3%

9

17.6%

2

1.0%

5

2.6%

12

6.2%

0

0.0%

Do you expect your sales volume in 2019 to... increase

remain the same

decrease

not applicable

MFG

17

50.0%

10

29.4%

1

2.9%

0

Service

34

54.0%

16

25.4%

4

6.3%

2

0.0% 3.2%

Trade

4

40.0%

3

30.0%

1

10.0%

2

20.0%

F.I.R.E.

23

63.9%

7

19.4%

1

2.8%

5

13.9%

Other

21

41.2%

12

23.5%

4

11.1%

9

17.6%

Overall

99

51.0%

48

24.7%

11

5.7%

18

9.3%

Do you expect your profits in 2019 to... increase MFG Service Trade F.I.R.E. Other Overall

16

47.1%

remain the same 9

26.5%

Is your company planning an expansion in 2019?

decrease 3

8.8%

not applicable 0

0.0%

32

50.7%

16

25.4%

5

7.9%

3

4.8%

5

50.0%

2

20.0%

1

10.0%

2

20.0%

23 19 95

63.9% 37.3% 49.0%

8 17 52

22.2% 33.3% 26.8%

1 2 12

2.8% 3.9% 6.2%

5 10 20

13.9% 15.9% 10.3%

yes

no

MFG

18

52.9%

11

32.4%

Service

19

30.2%

38

60.3%

Trade

1

10.0%

7

70.0%

F.I.R.E.

10

27.8%

21

58.3%

Other

20

39.2%

27

52.9%

Overall

68

35.1%

104

53.6%

FoxCitiesRegion.com

page 15


2019 Economic Outlook Survey:

QUESTIONS & RESPONSES

How would you rate the availability of qualified workers in the Fox Cities area? excellent MFG

1

good

2.9%

average

3

below average

8.8%

12

35.3%

3

poor

8.8%

6

not applicable 17.6%

1

2.9%

Service

2

3.2%

6

9.5%

13

20.6%

22

34.9%

9

14.3%

2

3.2%

Trade

0

0.0%

0

0.0%

0

0.0%

6

60.0%

1

10.0%

2

20.0%

F.I.R.E.

3

22.6%

9

25.0%

14

38.9%

7

19.4%

1

2.8%

0

0.0%

Other

0

0.0%

8

15.7%

16

31.4%

13

25.5%

5

9.8%

3

5.9%

Overall

6

3.1%

26

13.4%

55

28.4%

51

26.2%

22

11.3%

8

4.1%

How would you rate the national economic vitality at the present time? excellent

good

average

below average

poor

not applicable

MFG

2

5.9%

16

47.1%

9

26.5%

0

0.0%

0

0.0%

1

2.9%

Service

4

6.3%

15

23.8%

35

55.6%

3

4.8%

0

0.0%

0

0.0%

Trade

0

0.0%

1

10.0%

4

40.0%

2

20.0%

1

10.0%

0

0.0%

F.I.R.E.

1

2.8%

17

47.2%

11

30.6%

2

5.6%

0

0.0%

0

0.0%

Other

2

3.9%

17

33.3%

20

39.2%

5

9.8%

0

0.0%

3

5.9%

Overall

9

4.6%

66

34.0%

79

40.7%

12

6.2%

1

1.0%

4

2.1%

How would you rate the local economic vitality at the present time? excellent MFG

5

good

14.7%

13

average

below average

38.2%

10

29.4%

1

poor

not applicable

2.9%

0

0.0%

0

0.0%

Service

5

7.9%

32

50.8%

18

28.6%

3

47.6%

0

0.0%

0

0.0%

Trade

0

0.0%

7

70.0%

0

0.0%

1

10.0%

0

0.0%

0

0.0%

F.I.R.E.

5

13.9%

18

50.0%

8

22.2%

0

0.0%

0

0.0%

0

0.0%

Other

2

3.9%

35

68.6%

7

13.7%

1

2.0%

0

0.0%

2

3.9%

Overall

17

8.8%

105

54.1%

43

22.1%

6

3.1%

0

0.0%

2

1.0%

By the end of 2019, do you anticipate the Fox Cities economy will have... grown MFG

12

Service Trade

stabilized 35.3%

16

18

28.6%

3

30.0%

F.I.R.E.

13

Other

19

Overall

65

page 16

declined

47.1%

0

0.0%

36

57.1%

3

4.8%

4

40.0%

1

10.0%

36.1%

16

44.4%

2

5.6%

37.1%

25

49.0%

3

5.9%

33.5%

97

50.0%

9

4.6%

Fox C i t i e s C h a m b e r.c o m


2019 Economic Outlook Survey:

QUESTIONS & RESPONSES

Compared to other U.S. cities of similar size, how would you rate the Fox Cities as a place to do business? excellent MFG

10

Service Trade

good

29.4%

13

14

22.2%

3

30.0%

F.I.R.E.

10

Other Overall

average

below average

not applicable

0

0.0%

1

2.9%

3

4.8%

0

0.0%

0

0.0%

0

0.0%

0

0.0%

0

0.0%

21.6%

2

3.9%

3

5.9%

17.5%

5

2.6%

4

2.1%

38.2%

4

11.8%

31

49.2%

8

12.7%

2

20.0%

3

30.0%

2.8%

13

36.1%

8

22.2%

8

15.7%

23

45.1%

11

45

23.2%

82

42.3%

34

Compared to other U.S. cities of similar size, how would you rate the Fox Cities as a place to live? below average

not applicable

MFG

15

excellent 44.1%

13

good 38.2%

0

average 0.0%

0

0.0%

0

0.0%

Service

27

42.9%

23

36.5%

4

6.3%

2

3.2%

0

0.0%

Trade

3

30.0%

4

40.0%

1

10.0%

0

0.0%

0

0.0%

F.I.R.E.

14

38.9%

12

33.3%

5

13.9%

0

0.0%

0

0.0%

Other

16

31.4%

25

49.0%

3

5.9%

0

0.0%

3

5.9%

Overall

75

38.7%

77

39.7%

13

6.7%

2

3.9%

3

1.5%

What do you like best about doing business in the Fox Cities? worker productivity

availability of necessary talent/workforce

cost of doing business

proximity to markets

proximity to suppliers

Other

MFG

8

23.5%

1

2.9%

9

26.5%

4

11.8%

4

11.8%

2

Service

12

19.0%

3

4.8%

23

3.7%

11

17.5%

2

3.2%

4

5.9% 6.3%

Trade

1

10.0%

0

0.0%

4

40.0%

1

10.0%

1

10.0%

1

10.0%

F.I.R.E.

7

19.4%

2

5.6%

15

41.7%

6

16.7%

0

0.0%

1

2.8%

Other

13

25.5%

3

5.9%

13

25.5%

10

19.6%

1

2.0%

6

11.8%

Overall

41

21.1%

9

4.6%

64

33.0%

32

16.5%

8

15.7%

14

27.5%

What is your biggest challenge doing business in the Fox Cities? worker productivity

availability of necessary talent/workforce

cost of doing business

proximity to markets

proximity to suppliers

Other

MFG

0

0.0%

19

55.9%

2

5.9%

4

11.8%

1

2.9%

1

Service

4

6.3%

36

57.1%

8

12.7%

5

7.9%

1

1.7%

2

3.2%

Trade

0

0.0%

4

40.0%

1

10.0%

2

20.0%

0

0.0%

0

0.0%

F.I.R.E.

0

0.0%

19

52.8%

1

2.8%

3

8.3%

0

0.0%

7

19.4%

Other

2

3.9%

25

49.0%

7

13.7%

6

11.8%

2

3.9%

5

9.8%

Overall

6

3.1%

103

53.1%

19

37.2%

20

10.3%

4

2.1%

15

7.7%

FoxCitiesRegion.com

2.9%

page 17


A DIVISION OF

Fo x C i t i e s R e g i o n . c o m

800+ available sites & buildings in the Fox Cities • financial incentives listing industry statistics • workforce resources • municipal contacts & profiles demographic information • local wage & benefit data • insight into local economic drivers commercial & industrial real estate • regional business news & updates FREE customized solutions for your business

business resources:

#MADE BETTER HERE F o x CUS i t i e sO R eN g i SOCIAL o n a l P a r t n e rMEDIA ship.com FO L LOW


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.