G o i rEatEr

Greater Omaha Indicators
Local Economy
Published February 2014
• For the 6 Nebraska counties in the Omaha
Combined Statistical Area, net taxable sales
increased 0.5 percent in December, finishing the
year with a 6.4 percent gain versus 2012. Likewise,
motor vehicle sales tax increased 6.8 percent in
2013.
Total Non-Farm Employment,
Omaha MSA: 2013 v 2012
(thousands, seasonally adjusted)
480
2013
2012
• On a December-to-December basis, combined
motor vehicle and non-motor vehicle sales tax
revenue increased 17.3 percent for the Omaha CSA.
Saunders County posted a 21.2 percent increase,
with Douglas and Sarpy counties posting increases
of at least 17.0 percent.
470
460
• As expected, Omaha area home sales finished 2013
above the 12,000 unit threshold; 8.3 percent above
the 2012 level. January sales, however, dipped 1.1
percent from the month of December. 450
440
Jan Feb Mar Apr May Jun
Jul
• For 2013, single-family permits increased by 26.3
percent; valuations totaled over $493 million. Nonresidential permits increased by a more modest 0.5
percent; however, valuations were over $690 million.
Aug Sep Oct Nov Dec
Source: U.S. Bureau of Labor Statistics; Greater Omaha Chamber
National Economy
•
Gavilon Celebrates New $40 Million
Headquarters
The Institute for Supply Management Manufacturing
Index increased to 53.2 in February. The ISM Index
points to a rebound from the dampening impact of
January’s weather on economic activity across the
nation.
•
New orders for durable goods declined 1.0 percent
in January, due primarily to a large decline in
aircraft orders. Unfilled orders for capital goods
increased 0.8 percent for the month.
•
Manufacturing output declined 0.8 percent in
January, with motor vehicle and parts output
dropping by 5.0 percent. Output at utilities surged
4.1 percent for the month.
•
Despite the weather in January, inflation-adjusted
consumer spending increased 0.3 percent. Inflationadjusted after-tax consumer income increased 0.3
percent, also.
•
January new home sales surged 9.6 percent in
January, reaching the highest level sales since
the summer of 2008. Existing home sales fell 5.1
percent in January.
Area Highlights
The commodities trading firm’s offices, were built for
as many as 750 employees, though 400 now report to
work there.
The new building’s design is already helping
employees do their jobs more efficiently, workers said.
Construction at 1331 Capitol Ave. started in 2012, and
Gavilon employees moved in in December, across
downtown from their former offices on the ConAgra
Foods campus. Formerly known as ConAgra Trade
Group, Gavilon spun off from ConAgra in 2008 and
in July was sold to Japanese general trading firm
Marubeni for $2.8 billion.
The focal point of the headquarters is the open,
35,000-square-foot trading floor, where 340
employees work in clusters: grain, ingredients and
fertilizer trading, along with business development,
risk management, hedging and operations.
This headquarters brings the promise of even more
investment – fresh energy, new jobs and more
people – in our city’s core.
1
Source: Omaha World-Herald; Greater Omaha Chamber
Total Private Employment,
Omaha MSA: 2013 v 2012
(thousands, seasonally adjusted)
420
2013
Unemployment Rate, Omaha CSA: 2013 v 2012
(%, seasonally adjusted)
5.0
2013
2012
2012
410
4.5
400
390
4.0
380
370
3.5
360
350
3.0
Jan Feb Mar Apr May Jun
Jul
Jan Feb Mar Apr May Jun
Aug Sep Oct Nov Dec
Jul
Aug Sep Oct Nov Dec
Source: U. S. Bureau of Labor Statistics; Greater Omaha Chamber
Source: U.S. Bureau of Labor Statistics; Greater Omaha Chamber
Net Taxable Sales, Nebraska Counties
in the Omaha CSA*: 2013 v 2012
($s millions, seasonally adjusted)
1000
2013
Home Sales, Omaha MSA: 2014 v 2013
(thousands, seasonally adjusted annual rate)
14
2012
900
2013
12
800
11
700
10
600
9
500
8
400
300
2014
13
7
Jan Feb Mar Apr May Jun
Jul
6
Aug Sep Oct Nov Dec
*Cass, Dodge, Douglas, Sarpy, Saunders and Washington counties
2014
Jul
Aug Sep Oct Nov Dec
Single-Family Residential Permits, Omaha MSA: 2014 v 2013
(thousands, seasonally adjusted annual rate)
3.0
Jan Feb Mar Apr May Jun
Source: Omaha Area Board of Realtors; Southwest Iowa Association of Realtors
Non-Residential Permits, Omaha MSA: 2014 v 2013
(number of permits, seasonally adjusted annual rate)
1000
2013
2.5
2014
2013
900
2.0
800
1.5
700
1.0
600
0.5
0.0
Jan Feb Mar Apr May Jun
500
Jul Aug Sep Oct Nov Dec
2
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Jan 14
Dec 13
Nov 13
Oct 13
3
Prices
1.6
Consumer Price Index - U.S. (yr/yr %, nsa)
1.4
CPI - Midwest (pop. 50,000 to 1,500,000, yr/yr %, nsa)
1.2
Personal Consumption Expenditure Index (yr/yr %, sa)
PCE Index, ex Food & Energy (yr/yr %, sa)
1.1
Note: sa = seasonally adjusted; nsa = not seasonally adjusted.
1.5
0.9
1.1
1.2
1.2
0.9
1.0
1.2
936.5
126.6
1,077
146.3
Commerce (Omaha-Council Bluffs-Fremont Combined Statistical Area)
Net Taxable Sales ($mm, sa)
941.2
126.6
Motor Vehicles ($mm, sa)
343.6
7.9
Transportation
Airline Passengers (000s, sa)
Airline Cargo (mm lbs., sa)
1,067
154.0
289
58,021
211
33,451
75
19,856
68
4,715
339.3
7.8
1,055
113.2
New and Existing Home Sales
Total Sales (#, sa)
Total Value ($mm, nsa)
291
63,231
212
35,109
76
22,534
83
5,588
341.5
7.9
294
82,914
214
21,620
77
54,923
79
6,371
Construction Permits
Total Permits (#, sa)
Valuation ($000, nsa)
Single-Family Residential Permits (#, sa)
Valuation ($000, nsa)
Non-Residential Permits (#, sa)
Valuation ($000, nsa)
Multi-Family Residential Units (#, nsa)
Valuation ($000, nsa)
473.1
407.8
22.3
31.5
95.9
11.3
41.8
67.6
73.6
46.7
17.2
65.3
1.0
1.0
0.8
1.1
929.6
126.0
337.2
7.7
1,087
198.8
286
82,209
209
46,956
73
30,946
69
4,307
Labor Market: Establishment Survey (Omaha-Council Bluffs Metropolitan Statistical Area)
Total Employment (000s, sa)
473.3
473.2
408.1
408.0
Private Employment (000s, sa)
22.4
22.3
Construction/Mining (000s, sa)
31.3
31.4
Manufacturing (000s, sa)
96.2
96.1
Trade, Trans. and Utilities (000s, sa)
11.2
11.2
Information (000s, sa)
41.8
41.8
Financial Activities (000s, sa)
68.0
67.8
Prof. and Business Services (000s, sa)
73.5
73.5
Educ. and Health Services (000s, sa)
46.4
46.5
Leisure and Hospitality (000s,sa )
17.4
17.3
Other Services (000s, sa)
65.2
65.2
Government (000s, sa)
Labor Market: Household Survey (Omaha-Council Bluffs-Fremont Combined Statistical Area)
Labor Force (#,sa)
481,684 483,896 485,890
462,725 464,435 465,957
Employment (#,sa)
18,959
19,460
19,933
Unemployment (#,sa)
3.9
4.0
4.1
Unemployment Rate - Omaha (%, sa)
3.6
3.7
3.9
Unemployment Rate - Nebraska (%,sa )
6.7
7.0
7.2
Unemployment Rate - US (%, sa)
Greater Omaha Indicators
1.2
0.9
0.9
1.2
923.0
125.5
335.5
7.6
1,092
183.3
290
131,869
209
40,295
72
75,793
208
15,781
473.1
407.7
22.3
31.6
95.8
11.3
41.8
67.4
73.7
46.7
17.1
65.3
487,909
467,511
20,398
4.2
4.1
7.2
Sep 13
1.5
0.7
1.1
1.2
916.1
124.9
334.3
7.6
1,086
240.2
287
107,792
210
41,776
71
56,138
142
9,878
472.9
407.5
22.4
31.6
95.5
11.3
41.8
67.2
73.8
46.8
17.0
65.4
489,823
468,996
20,827
4.3
4.2
7.2
Aug 13
2.0
1.5
1.3
1.1
909.2
124.2
333.5
7.7
1,067
245.6
289
85,113
212
45,592
70
24,606
210
14,915
472.4
407.1
22.5
31.7
95.1
11.3
41.7
67.1
73.9
46.7
17.0
65.3
491,271
470,135
21,136
4.3
4.2
7.3
Jul 13
1.8
1.9
1.3
1.2
901.9
123.3
332.9
7.7
1,039
241.4
286
103,001
214
48,530
70
44,308
104
10,163
471.6
406.4
22.5
31.7
94.5
11.3
41.7
67.0
74.0
46.6
17.1
65.2
491,906
470,644
21,262
4.3
4.0
7.5
Jun 13
1.4
1.4
1.0
1.2
894.2
122.1
332.3
7.8
1,010
230.7
286
204,984
216
50,578
70
154,406
0
0
470.7
405.7
22.4
31.6
94.0
11.3
41.7
67.0
74.1
46.3
17.1
65.1
491,588
470,377
21,211
4.3
3.8
7.5
May 13
1.1
1.0
0.9
1.2
886.3
120.7
331.9
7.8
988
171.2
311
189,301
215
47,594
70
100,425
571
41,281
470.0
405.0
22.4
31.6
93.6
11.4
41.7
67.0
74.1
46.1
17.2
64.9
490,555
469,490
21,065
4.3
3.7
7.5
Apr 13
1.5
1.3
1.2
1.4
878.7
119.3
332.1
7.9
981
160.5
287
92,378
214
42,020
69
44,002
110
6,356
469.5
404.6
22.4
31.6
93.4
11.4
41.7
67.0
73.9
45.8
17.3
64.9
489,168
468,249
20,920
4.3
3.8
7.5
Mar 13
2.0
2.2
1.5
1.5
871.7
117.8
333.1
7.9
982
99.4
283
76,427
212
28,859
69
44,750
40
2,818
469.2
404.3
22.4
31.6
93.4
11.4
41.7
67.0
73.8
45.6
17.4
64.9
487,760
466,942
20,818
4.3
3.8
7.7
Feb 13
1.6
1.3
1.4
1.5
865.5
116.5
334.7
7.8
989
98.4
280
82,547
212
31,092
68
51,455
0
0
469.0
404.0
22.3
31.5
93.4
11.4
41.7
67.1
73.7
45.5
17.5
65.0
486,573
465,792
20,781
4.3
3.8
7.9
Jan 13
Sources: Nebraska Department of Labor, U.S. Department of Labor, M.U.D., O.P.P.D., Nebraska Department of Revenue, Omaha Airport Authority, Omaha World-Herald,
Omaha Area Board of Realtors, Southwest Iowa Association of Realtors, City of Omaha and the cities of Council Bluffs, Blair, Plattsmouth, Glenwood, Gretna, Springfield,
Bellevue, Papillion, La Vista and Sarpy, Douglas, Cass and Washington counties.
Business Barometer
The following companies are new or have recently expanded operations in the Greater Omaha metro area. Announcements on this list
have been gathered from public releases, local media and permit reports. Investment estimates are based on public
announcements and permit reports, while employment is based on public announcements and industry averages.
January 2014 New & Expanding Companies
Company
Location
Product
Investment
Added
Employment
Strong Box Storage
1502 Bristol St.
Water reservoir/ Booster station Summit Ridge
iSkateOmaha
Rockbrook Village
Play + Play by LeWonderment Rockbrook Village
The Art of Shaving
Village Pointe
Beauty Brands
Market Pointe - S. 71St. Plz. Firehouse Subs
Market Pointe - S. 71St. Plz. Batteries Plus
Market Pointe - S. 71St. Plz. Krypton Comics
2819 S. 125th Ave.
Omaha Code School
Midtown Crossing
MERJ Unique Boutique
7409 Main St.
Mindful Yoga
13633 217th St.
Dollar General
Springfield
Victoria’s Secret
Oakview Mall
Marco’s Pizza
709 Galvin Rd. S.
Marco’s Pizza
16720 Harrison St.
Marco’s Pizza
1910 N. 168th St.
The Hive Rock Club & Art Gallery 1207 Harney St.
City of Omaha (Missouri River Treatment Plant)
Fort Crook coordior
Fort Crook & Cornhusker Rd.
122nd ST. & W. Dodge Rd.
122nd St. & W. Dodge Rd.
Dickey’s Barbecue Pit
12241 W. Center Rd.
Nebraska Brewing Co.
6946 S. 108th St.
Gretna Auto Mall
11808 Standing Stone Dr.
Brakes Plus
72nd St. & Cornhusker Rd.
Brakes Plus
120th St. & W. Dodge Rd.
Merrill Lynch
13321 California St.
Inner 10 Weapons & Training 8910 Military Rd.
House of Hoops by Foot Locker Westroads Mall
CSM Group
Mastercraft Building Signs by Tomorrow
340 N. 76th St.
climate controlled storage
water system improvements
$4,500,000
ice skating retail store
2
showroom
skin care
hair supplies, skin care, salon
8
restaurant
8
batteries
3
gaming room addition
web developers school
2
book store, toys retail
2
yoga studio
1
discount store
6
retail store restaurant
2
restaurant
2
restaurant
2
bar and art gallery
5
upgrades
$58,000,000
mixed use development
$4,200,000
mixed use development
restaurant
brewing company
used car dealership
auto repair shop
5
auto repair shop
5
relocating & expanding branch office
indoor shooting range
4
retail store
5
construction management
custom sign company expansion
2013 Total
2014 YTD Total
$ 930,514,644
$ 66,700,000
4,931
62
1301 Harney St. | Omaha, NE 68102 | (402) 346-5000 | (800) 852-2622
Scott Strain, economist in residence | [email protected]
Michelle Janssen, senior economic analyst | [email protected]
SelectGreaterOmaha.com | OmahaChamber.org
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