Economic Impact of Manufacturing Employment on Durant, OK

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Economic Impact of Manufacturing Employment on
Durant, OK
A Presentation of the Oklahoma Cooperative
Extension Service, Oklahoma State University
Cornerstone
Stephenson Wholesale
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Participating Firms(2003 Employment)

• Big Lots - 219
• Bryan Agri-Products - 12
• Cardinal Glass - 71
• Cornerstone - 346
• Crain Mfg - 32
• Durant Plastics - 45
• ETS-Lingren - 28
• GAMCO - 79
• Hausners - 23.5
• Js Wood Works - 10
• JC Potter - 240

• Oklahoma By-Products - 14
• Rustin Concrete - 36
• Stahl - 95
• Stephenson Wholesale - 350
• Synergyn Oil - 10
• Tetrachem - 12
• Texoma Sash and Door - 8
• Texoma Truss Systems - 10
• Texoma Waste Control - 17
• Waste Quip May Fab - 30

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Employment Impact of Manufacturing Sector in
Durant 2003 and 2006
As reported by the responding firms.
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Payroll Impact of Manufacturing Sector in Durant
2003 and 2006
As reported by the responding firms.
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Estimated City and County Sales Tax Collections
as a Result of Income from the Manufacturing
Sector
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Visitor Impacts
Assumes day visitors spend 25 and overnight
visitors spend 75.
Bryan County sales tax collections due to
visitors 554.05 City of Durant sales tax
collections due to visitors 5,584.85
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Other Impacts

• Local input purchases 9.6 million
• Utility expenditures 11.1 million
• 2002 Property taxes 403,027

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Comparisons of Employment Estimates and
Projections
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Comparisons of Population Estimates and
Projections
As a result of the Count Resolution Program,
Durants Population for Census 2000 was adjusted
upward. County data and subsequent city
estimates reflect the modification, but ODOC
projections do not.
Census Estimates
ODOC Projections
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Housing Supply and Demand
Average permits issued from 1996-2003,
excluding 2002 when permits issued equaled 189.
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Projected School Enrollment
Source for 2000-2001 enrollment National Center
for Education Statistics
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Sales Tax Collections
Published data from Oklahoma Tax Commission
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Summary of Projected Economic Variables
Previously published data.
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QUESTIONS?