Port of Kalama Comprehensive Plan
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- Bu səhifədəki naviqasiya:
- Table 6 – Employment at the Port of Kalama Industry Name 2014 Average
- Figure 7 – Personal Income Trends
- Table 7 – Source of Personal Income Item 1970 1980 1990 2000 2010
- Washington State
Port of Kalama Comprehensive Plan June 1, 2015
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Table 6 – Employment at the Port of Kalama Industry Name 2014 Average Steelscape, Inc. 250 Emerald Kalama Chemical 164 R S G Forest Products / Gram Lumber 146 Bennu Glass (Owens-Illinois) 93 Kalama Export Co. 66 State of Washington Dept. Agriculture 43 Port of Kalama 16 TEMCO
22 Ecotech 12 Somarakis 10 Mountain Homes/Cabin Fever/JSI 9 Chemtrade Logistics 9 Arch Wood Protection/Lonza America 7 Kalama RV and Dry Storage 5 All American Containers 4 Christiansen Enterprises LLC 4 Twin Perks Espresso 4 Absolute Concrete Colors (East/West General) 4 Port of Kalama (Longshore, Estimated by Hours) 3 Air Liquide 2 Kemira Logistics 2 J& B Towing 1 Karlington Electric 1 U S Cellular - Jubitz
- Total
877 Source: Port of Kalama Income
several decades. A major reason for this is the loss of high-paying jobs due to closure of manufacturing facilities such as lumber mills, paper mills, and an aluminum smelter. The relatively high wages associated with manufacturing is one of the reasons that the Port of Kalama has focused on attracting and retaining this type of tenant. In the mid 1970’s the average per capita income in Cowlitz County reached as high as 98 percent of the state average. After this peak the differential between Cowlitz County and the state grew steadily until 2006, when per capita personal income in Cowlitz County was only 70 percent of the state average. However, between 2006 and 2013 personal income in Cowlitz County has reached 75 percent of the state average. In current dollars, between 1978 and 2013 per capita personal income in Cowlitz County grew by an average of 4.4 percent per year. In comparison, per capita income in Washington grew by 5.2 percent per year, in Clark County it grew by 5.0 percent per year, and in Lewis County it grew by 4.4 percent per year. When adjusted for inflation, these growth rates are much lower. In Cowlitz County, personal income growth averaged 0.5 percent per year between 1978 and 2013. In Washington
Port of Kalama Comprehensive Plan June 1, 2015
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State, growth averaged 1.2 percent per year. In Clark County, it averaged 1.0 percent per year. Lewis County also saw only small growth in personal income, averaging the same 0.5 percent per year as Cowlitz County. Figure 7 illustrates per capita personal income trends in both nominal (current dollars) and real (adjusted to 2013 dollars) terms. The figure makes clear how the gap between income in Cowlitz County and the state has grown over time. Figure 7 – Personal Income Trends
Source: Bureau of Economic Analysis Most personal income is generated from three sources: wage and salary income (earnings from work), dividends/interest, and rent and transfer payments. (Transfer payments are income payments to persons for whom no current services are performed, and include such items as Social Security, worker’s compensation, and Medicare). (See Table 7) Statewide, a declining share of personal income is from work earnings, but this trend is more pronounced in Cowlitz County. In Washington, the share of personal income generated by work earnings fell from 74 percent in 1970 to 64 percent in 2013. In Cowlitz County, this share dropped from 78 percent to just 54 percent. The major difference between Cowlitz County and the state is that the source of the rest of the income in Cowlitz County is primarily transfer payments, or government support. Statewide, the share of personal income from investments (i.e. dividends, interest and rent) grew from 17 percent in 1970 to 21 percent in 2013, while the share of income from transfer payments grew from 10 percent to 15 percent. In Cowlitz County, the share of income from investments also grew, from 12 percent in 1970 to 18 percent in 2013. Growth in transfer payments was much more pronounced in Cowlitz County, however. In 1970 transfer payments accounted for 10 percent of personal income in Cowlitz County (identical to state average), but by 2013 this jumped to 28 percent.
$0 $10,000 $20,000
$30,000 $40,000
$50,000 $60,000
1970 1973
1976 1979
1982 1985
1988 1991
1994 1997
2000 2003
2006 2009
2012 P e r C a p it a I n c o m e WA (current $) 2013 $
Cowlitz (current $) 2013 $
Clark (current $) 2013 $
Lewis (current $) 2013 $
Port of Kalama Comprehensive Plan June 1, 2015
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Table 7 – Source of Personal Income Item 1970 1980 1990 2000 2010 2013 Cowlitz County
Earnings from Work 78% 71%
66% 62%
53% 54%
Dividends, Interest & Rent 12%
15% 18%
19% 17%
18% Transfer Payments 10% 14%
16% 19%
30% 28%
Washington State
Earnings from Work 74% 71%
67% 68%
64% 64%
Dividends, Interest & Rent 17%
18% 22%
20% 19%
21% Transfer Payments 10% 11%
12% 12%
17% 15%
Source: BST Associates, REIS The decline in share of income from work earnings and the increase in transfer payments underscores the need for jobs in the region, especially those that pay well. The Port of Kalama plays a critical role in attracting this type of job. Retail Sales
With the exception of groceries and drugs, most retail sales in Washington are subject to the retail tax. Trends in taxable retail sales are one indicator of economic conditions in an area. According to data from the Washington State Department of Revenue (DOR), taxable retail sales in Cowlitz County grew in most years between 1996 and 2007, with especially strong growth between 2004 and 2007. In nominal terms (i.e. current dollars), taxable retail sales grew from $0.9 billion in 1996 to $1.4 billion in 2007. Retail sales took a hit during the recession, however, dropping to $1.2 billion before recovering most of the lost ground by 2013 (see Figure 8). When adjusted for inflation, retail sales in Cowlitz County have experienced a long term decline. In terms of 2013 dollars, retail sales in 1994 were approximately $1.7 billion, compared with $1.4 billion in 2013. However, most of the decline occurred in the first two years. From 1996 through 2004 taxable retail sales varied within a very narrow range, and averaged the same inflation-adjusted $1.4 billion as in 2013. Sales climbed by more than $0.2 billion leading up to the economic recession that began in late 2007, but during the recession sales dropped by nearly $0.4 billion before beginning to recover. Yüklə 0,98 Mb. Dostları ilə paylaş:
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