1. Yuma County Summary - Arizona's Economy | ARTICLES. Outlook · Border Economy · Demographics & Census · Economy · Education · Finance ... AZ County Indicators. Apache County · Cochise County · Coconino ...
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Yuma County Summary – Arizona's Economy
[Arizona's Economy]
- ARTICLES
- Outlook
- Border Economy
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- Income & Poverty
- Taxes & Public Finance
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- COVID-19
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- Average Hourly Earnings
- Bankruptcy Filings
- Copper Production and Prices
- Employment
- Exchange Rates
- Housing
- Inflation and Prices
- Labor Force
- Personal Income, Annual
- Personal Income, Quarterly
- Population and Vital Statistics
- Real GDP
- Sales
- Tourism and Travel
- Unemployment Rate
- Unemployment Insurance Claims
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Yuma County Summary
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To graph individual series, click on any title in the tables below.
Monthly Labor Force, Employment, Sales, and Housing Permits
Unavailable – Yuma MSA (Yuma Co.) Summary – Monthly
Population for Cities and Towns in the Yuma MSA (Yuma County)
Please note that the population numbers in the following table are from
the Arizona Department of Administration (ADOA), and you may notice that
the total population number in this table differs slightly from the
total population number in the first table from the Bureau of Economic
Analysis (BEA). Both are numbers are official estimates, however, the
EBRC considers the ADOA figure to be more realistic.
Unavailable – Population – Yuma County, AZ
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- ECONOMIC and BUSINESS RESEARCH CENTER2. Economic Development | Yuma County | Yuma County seeks to improve the economic conditions for its residents through the recruitment or development of businesses that create primary employment ...
Government
Economic Development
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Yuma County seeks to improve the economic conditions for its residents
through the recruitment or development of businesses that create primary
employment opportunities. The County believes that it will be prepared
to take advantage of these opportunities by developing a skilled,
trainable local work force, by developing infrastructure that supports
business creation and expansion, and by collaborating with our local,
state, and federal stakeholders to ensure regulations support business
opportunities.
3. [PDF] Yuma County June 30, 2018 Comprehensive Annual Financial Report - Arizona Auditor General | ... information to help the reader understand how the. County's financial performance and well-being have changed over time. Revenue Capacity ...
25
Economic Factors and Next Year’s Budgets (concluded)
However, due to continued local effects of the national recession over the last five years the County averages 22.2%
unemployment rate (over the last 5 years) which appears to be dropping as indicated by the current year numbers
and moving in the direction of the more traditional county numbers. Management observations indicate a moderate
but sustained growth in the economic factors for the local Yuma County economy barring any unforeseen actions by
outside forces exclusive of the agricultural segments.
The County continues its efforts to position itself in a minimum long-term debt status. However, the Board of
Supervisors and Administration have acknowledged County’s infrastructure can’t be continued to be neglected and
the needs to maintain and upgrade current infrastructure are eminent, as such, they have decided to issue debt to
attend the demanding infrastructure needs. For current the fiscal year County issued $2,417,000 in debt and plans
to issue another $5,301,000 in fiscal year 2019 to fund infrastructure and equipment acquisitions and upgrades.
The County has, for the past eight years, worked with management to responsibly minimize the operating costs within
all levels of government given the continuing trends of moderate growth patterns within the economy nationally,
statewide and locally. This year the County saw a reversion of 21.9% of actual expenditures as compared to budget
from all its operational governmental units exclusive of contingencies. The Yuma County Administration is continuing
its efforts to control the level of expenditures to remain within the revenues being received without significant impact
to service demands. Its efforts include the looking into and implementation of a 10 year financial planning and
performance measuring tools as part of its efforts to maintain the County in both structural and economic balance.
The County saw an increase of total expenditures from fiscal year 2017 of 7.0%.
The County anticipates, due to its aggressive management, to see the level of expenses to grow close to the same
pace as the sources. The County saw an increase in grant funding for the County’s special revenue funds.
Maintaining these additional revenues continue to be of major concern and challenges to management, so
administration decided to invest in an additional grants position for fiscal year 2019. However, if shortfalls take place,
management will be forced to review the activities supported by these special funds to bring them in line with available
resources.
4. The Yuma Economy - 1941 Words | Bartleby | Free Essay: Economy: The Yuma economy is dependent on three major drivers: agriculture, tourism, and military presence and associated contractors (G.W.,...
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Economy: The Yuma economy is dependent on three major drivers:
agriculture, tourism, and military presence and associated contractors
(G.W., personal communication, November 8, 2016). The presence of these
industries is the Yuma economy’s greatest strength. However, the economy
is not without challenges. In 2014, Yuma’s per capita income was $20,661
compared to the state and national average of $25,537 and $28,555
respectively (U.S. Census Bureau, 2015). Yuma has experienced modest
economic growth this decade, reflected in increased income and rising
home values, but still faces many economic challenges (G.W., personal
communication, November 8, 2016). The familial poverty rate for Yuma is
14.37% compared to the national average of 11.47%…show more content…
(personal communication, November 4, 2016). He stated that bullying is
not as prominent as society assumes since bullying classes are provided
and the issue is addressed proactively. The biggest safety risk is
social media and sexting (O.S., personal communication, November 4,
2016). This problem escalates easily since it takes place off school
grounds making it more difficult to manage. School officials make a
daily effort to prevent issues among students by keeping families
involved. Another problem is, according to O.S. (personal communication,
November 4, 2016), the automatic assumption of criminal wrongdoing
rather than the possibility of a mental health issue when a law
enforcement problem is encountered in the community. To address this
problem, the Yuma juvenile detention center has the Hope Center which
works with teenagers rather than charge them with a crime in
certain…show more content…
G.W. (personal communication, November 8, 2016) explained that YCAT is a
public transportation system throughout Yuma County. College students
pay a one-time fee through Arizona Western College and may use YCAT
services for free for one semester (G.W., personal communication,
November 8, 2016). Transportation is also made available through schools
for those students who live outside of school walking limit boundaries.
5. Economic Development Basics | Yuma County | Key regional development indicators include: Between 2014 and 2017, the Yuma area experienced job growth of 3.5% for a net gain of nearly 3,100 new jobs. Yuma ...
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The Yuma Region is a natural magnet for business. Yuma County provides
the geographically advantageous benefits of immediate access to both the
California and Mexico markets. The State of California economy ranks
8^(th) ($2.9 trillion) among all countries in Gross Domestic Product
while Mexico’s economy ranks 15^(th) ($1.3 trillion). The combined
ranking of the two economies would be 5^(th) among all nations ($4.2
trillion). Yuma County provides the perfect vantage point from which to
serve these markets while capitalizing on Yuma County’s low cost of
doing business and reasonable regulatory environment. In fact, Local
elected leaders have created 4FrontED, a regional organize designed to
facilitate regional economic development and job creation in the United
States and Mexico.
Yuma County has identified the following core industries for which it
can offer qualifying businesses certain incentives. These priorities are
taken from the County Investing in Manufacturing Communities Plan and
from the Greater Yuma Economic Development Corporation prioritized list
of core industries.
...
Yuma County has identified the following core industries for which it
can offer qualifying businesses certain incentives. These priorities are
taken from the County Investing in Manufacturing Communities Plan and
from the Greater Yuma Economic Development Corporation prioritized list
of core industries.
1. Advanced Manufacturing
2. Food Processing
3. Aerospace/Spaceport
4. Logistics
Key regional industry and economic assets include the following:
- Agriculture: Produces nearly $3.4B in products annually, 90% of the
U.S. supply of winter vegetables, and features the Yuma Center of
Excellence for Desert Agriculture
- MCAS-Yuma:Functions as the U.S. Marine Corps’ premier aviation
training facility and represents $654M in economic activity
annually.
- Yuma Proving Ground: Functions as the Army’s most versatile weapons
testing facility, including small weapons, tanks, helicopters, and
artillery, represents $1.12B in economic activity.
- Tourism: The winter months see the Yuma County population grow by
over 76,000 as the winter visitors make their annual trek to Yuma
and contribute $452M in economic activity.
- Manufacturing: The region’s manufacturing sector features Fortune
500 companies such as Johnson Controls, Shaw Carpets, Associated
Materials, and International paper and is expanding into
agricultural food product production and aerospace systems.
- Opportunity Zones: The region boasts 8 Opportunity Zones
representing a variety of investment and development opportunities.
Key regional development indicators include:
- Yuma County’s population has grown nearly 15% since 2010, and
employment growth over the same time period was nearly 6%.
- Between 2014 and 2017, the Yuma area experienced job growth of 3.5%
for a net gain of nearly 3,100 new jobs.
- Yuma is the largest and fastest growing Arizona city outside of the
Phoenix and Tucson metro areas.
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View Full Site6. [PDF] Yuma County June 30, 2018 Comprehensive Annual Financial Report - Arizona Auditor General | ... information to help the reader understand how the. County's financial performance and well-being have changed over time. Revenue Capacity ...
251
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252
Economic and Demographic
Information
253
Yuma County, Arizona
Table D-1
Demographic Statistics - Population and Employment - by Sector
Last Ten Years
Civilian
Calendar
Total
Labor
Service Producing
Unemp.
Grand Total
Trade, Trnp., Comm.
Financial Actv.
Service Misc.
Farming/
Agriculture
Year
Population *
Force
Employed
Rate
Employed
%
Employed
%
Employed
%
Employed
%
Employed
%
2008
193,869
82,525
69,300
16.0%
29,900
43.1%
10,500
15.2%
1,500
2.2%
17,900
25.8%
16,000
23.1%
2009
194,737
85,600
67,500
21.1%
27,700
41.0%
9,500
14.1%
1,600
2.4%
16,600
24.6%
17,600
26.1%
2010
195,751
92,372
67,789
26.6%
29,200
43.1%
9,100
13.4%
1,400
2.1%
18,700
27.6%
14,730
21.7%
2011
200,431
87,566
65,316
25.4%
29,300
44.9%
8,900
13.6%
1,200
1.8%
19,200
29.4%
15,650
24.0%
2012
205,174
92,015
66,738
27.5%
31,800
47.6%
9,600
14.4%
1,400
2.1%
20,800
31.2%
15,700
23.5%
2013
209,323
91,292
64,110
29.8%
32,400
50.5%
9,900
15.4%
1,700
2.7%
20,800
32.4%
17,990
28.1%
2014
212,012
92,838
71,198
23.3%
32,400
45.5%
9,900
13.9%
1,700
2.4%
20,800
29.2%
17,680
24.8%
2015
...
725,000
296,075
1,021,075
755,000
266,475
1,021,475
780,000
235,775
1,015,775
815,004
201,838
1,016,842
103,175
373,126
158,481
397,925
245,788
242,796
240,701
235,573
232,852
231,832
$ 7,580,658
$ 9,923,090
$ 5,626,337
$ 5,002,514
$ 4,499,595
$ 5,115,465
$ 5,117,073
$ 4,792,350
$ 4,680,173
$ 4,956,636
2.24
1.52
2.53
3.05
3.41
2.98
3.75
4.69
4.91
4.76
Estimated Coverage
(1) The Jail District receives revenues from a voter approved .05 cent privilege tax applied to all sales within the county. Monies to meet the debt requirements have been pledged to pay the bonds. All bonds are scheduled to be fully paid by Fiscal
Year 2015 when the tax is set to terminate unless the tax is extended by voter action.
(2) A Capital Sales Tax of .05 cents was approved by voters in 2000 for the purpose of construction of specific capital certificates of participation which had been previously issued. This tax was to continue until the total amount approved by the
voters was collected. The tax was terminated in January, 2007 at which time the total amount approved was anticipated to be collected.
(3) The Library District, by voter action in 2005, approved issuance of $53,765,000 in bonds to cover the construction of new library facilities, and the levying of a property tax to repay the bonds. Upon repayment of these bonds the property tax will
be discontinued.
(4) Special Assessment Districts are formed under Arizona Revised Statutes to provide for infrastructure improvements construction and operation of these activities, irrigation, street lighting, sewer and water, roads, etc. These districts are
established by the owners of the parcels for the specific benefit of on the members of the district to cover all costs for the operation of the district and the repayment of any debt incurred to provide for the improvements.
251
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252
Economic and Demographic
Information
253
Yuma County, Arizona
Table D-1
Demographic Statistics - Population and Employment - by Sector
Last Ten Years
Civilian
Calendar
Total
Labor
Service Producing
Unemp.
Grand Total
Trade, Trnp., Comm.
Financial Actv.
[1] https://www.azeconomy.org/data/yuma-county-2/
[2] https://www.yumacountyaz.gov/government/economic-development
[3] https://www.azauditor.gov/sites/default/files/YumaCountyJune30_2018FinancialReport.pdf#page=34
[4] https://www.bartleby.com/essay/The-Yuma-Economy-PJLYCFBESKB
[5] https://www.yumacountyaz.gov/government/county-administrator/economic-development-plans
[6] https://www.azauditor.gov/sites/default/files/YumaCountyJune30_2018FinancialReport.pdf#page=262