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A TALE OF TWO CITIES: SIOUX FALLS

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A TALE OF TWO CITIES: SIOUX FALLS & SIOUX CITY Ralph J. Brown Professor of Economics University of South Dakota www.usd.edu/~rbrown Sioux Falls at the Falls Sioux ... – PowerPoint PPT presentation

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Title: A TALE OF TWO CITIES: SIOUX FALLS


1
A TALE OF TWO CITIESSIOUX FALLS SIOUX CITY
  • Ralph J. Brown
  • Professor of Economics
  • University of South Dakota
  • www.usd.edu/rbrown

2
Sioux Falls at the Falls
3
Sioux City Skyline
4
PURPOSE
  • Study Sioux Falls Sioux City economies to
    determine
  • a. Why is there such a difference in growth?
  • b. How do these economies differ today?
  • To gain some insights into factors explaining
    differential growth.

5
DEFINITIONS
  • Metropolitan Statistical Area (MSA)
  • Old Definition
  • SF(ML) SF (Minnehaha, Lincoln)
  • SC(WD) SC (Woodbury, Dakota)
  • New Definition-2003
  • SF(MLMT) SF (Minnehaha, Lincoln, McCook, Turner
  • SC(WDDU) SC (Woodbury, Dakota, Dixon, Union)

6
POPULATION TRENDS
7
POPULATION
  • Population SF(MLMT) SC(WDDU)
  • 1969 123,539 133,099
  • 1980 139,185 135,714
  • 1990 154,148 131,671
  • 2002 194,802 142,714

8
DEMOGRAPHIC DATA
  • 2000 Census SF(MLMT) SC(SDDU)
  • Median Age 34.1 34.2
  • White 94 87
  • Hispanic 2 10
  • HS Grad 88 81
  • Bach 25 19
  • Poverty 7 10

9
EMPLOYMENT TRENDS
10
EMPLOYMENT PATTERNS
  • 2000 CENSUS SF(MLMT) SC(WDDU)
  • GOODS-
  • PRODUCING 20 32
  • SERVICE-
  • PRODUCING 80 68

11
MANUFACTURING EMPLOYMENT
12
MANUFACTURING
13
Manufacturing Companies
  • Sioux Falls Sioux City
  • John Morrell John Morrell
  • Raven Ind Tyson
  • Sencore Sioux Bee Honey
  • Hutchinson Tech Jolly Time Popcorn
  • Starmark Palmer Candy
  • BSI Tech Beef Products
  • Interbake Foods
  • SC Brick Tile
  • Terra Ind
  • Wilson Trailer
  • Kind Knox Gelatin
  • Diosynth
  • Prince Mfg

14
SERVICE EMPLOYMENT
15
Sioux Falls Important Events
  • Mid 1970s 4 year medical school rural doctors
  • Early 1980s Citibank
  • Late 1980s Forward Sioux Falls

16
HEALTH CARE EMPLOYMENT
17
Hospitals
  • Sioux Falls Sioux City
  • Avera McKennan Mercy Medical Center
  • Sioux Valley St. Lukes Medical Center
  • Avera Heart Hospital Siouxland Surgery
  • Childrens Care Hospital June Nylen Cancer
    Center
  • Select Specialty Hospital
  • Sioux Falls Surgical Center
  • Veteran Affairs Medical Center
  • Prairie States Surgical Center

18
FINANCE, INS., REAL ESTATEEMPLOYMENT
19
SF Customer Service Operations
  • Company Employment
  • Citigroup 3,200
  • Wells Fargo 1,873
  • First Premier 1,073
  • HSBC 935
  • Cigna Tel-Drug 700
  • Dial 683
  • Mid-Cont Comm 586
  • CSD 504
  • .
  • .
  • .
  • Total 13,000 (2004)

20
Income Growth
  • Sioux Falls pulls ahead of Sioux City

21
REAL INCOME PER CAPITA
22
What Accounts for this Income Divergence?
  • PI PERSONAL INCOME
  • POP POPULATION
  • EMP EMPLOYMENT
  • PI/POP EMP X PI
  • POP EMP

23
MAJOR EXPLANATION HIGHER EMPLOYMENT/POPULATION
24
EMP/POP RATIOS BY MSA
  • US 58.0
  • Boulder Co 77.3
  • Madison WI 77.3
  • Sioux Falls SD 76.7
  • .
  • .
  • .
  • Sioux City IA 65.3

25
PER CAPITA INCOME DIFFERENCES
26
ITS ALMOST ALL ABOUT JOB GROWTH
  • Demographics-Age 18 to 65
  • 61 vs 59
  • Commuters
  • 5.3 vs 8.9
  • Part-time vs full-time workers
  • 17.1 vs 16.9
  • Higher participation rates by women 69 vs 61
    (1/4 of emp/pop ratio)

27
Sioux Falls vs Adjacent States
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34
CONCLUSIONS
  • Old Economy vs New Economy
  • Diversification
  • Mfg vs Service and employment growth
  • Human Capital college degrees
  • 25 vs 19
  • Service
  • financial
  • health care

35
THE END
36
SF SC Total Employment
  • Note growth differences
  • SF passes SC in 1973.
  • Note sensitivity of SC to recessions (shaded
    area).
  • Note declining employment in SC in recent years.

37
MANUFACTURING EMPLOYMENT
38
Manufacturing Notes
  • SC - High volatility of mfg employment and still
    above 20,000.
  • SF - Steady decline of mfg to about 11 of total.
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