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January 2021 Capital City Economy for September 2020

January 2021 Capital City Economy for September 2020

  Capital City Economy    
             
September 2020 Current Month Same Month 2019 Percent Change 2020 YTD 2019 YTD Percent Change
CITY TAX RECEIPTS            
Pierre 2% $694,396 $716,523 -3.1% $6,132,173 $5,948,109 3.1%
Pierre 1% BBB $48,220 $48,680 -0.9% $380,456 $405,528 -6.2%
             
Fort Pierre 2% $113,837 $105,054 8.4% $945,437 $885,157 6.8%
Fort Pierre 1% BBB $11,873 $9,516 24.8% $85,250 $90,593 -5.9%
OCCUPANCY TAX            
Pierre BID #1 $13,640 $24,994 -45.4% $116,542 $180,606 -35.5%
             
AIRPORT BOARDINGS            
SkyWest 634 1,808 -64.9% 5,354 9,268 -42.2%
             
DAILY TRAFFIC            
Missouri River Bridge 14,948 15,411 -3.0% 115,748 131,775 -12.2%
US 14 East of Pierre 3,269 3,385 -3.4% 23,643 26,902 -12.1%
             
CITY OF PIERRE BUILDING PERMITS            
Residential:            
New Homes            
Stick Built – Number 0 3   17 5  
   Dollar Amount $0 $490,000 0.0% $3,708,126 $1,080,000 243.3%
Other* - Number 1 1   6 3  
   Dollar Amount $75,000 $60,000 0.0% $267,001 $127,900 108.8%
Remodeling            
Number 6 2   56 38  
   Dollar Amount $138,254 $3,200 4220.4% $839,566 $323,112 159.8%
             
Commercial:            
New Buildings            
Number 2 2   8 7  
   Dollar Amount $3,165,771 $158,000 0.0% $6,785,654 $5,896,340 15.1%
Improvements            
Number 1 1   20 30  
   Dollar Amount $40,000 $78,000 -48.7% $1,008,220 $2,477,764 -59.3%
Total Permits**            
Number 67 79   503 517  
   Dollar Amount $3,897,934 $956,404 307.6% $16,708,710 $13,125,111 27.3%
             
HUGHES COUNTY BUILDING PERMITS            
Residential:            
New Homes            
Number 2 1   5 6  
   Dollar Amount $445,000 $499,943 0.0% $1,240,059 $2,144,943 -42.2%
Other* - Number 0 0   2 4  
   Dollar Amount $0 $0 0.0% $144,000 $202,000 -28.7%
Remodeling            
Number 5 6   23 80  
   Dollar Amount $114,114 $230,205 -50.4% $392,312 $1,598,084 -75.5%
             
Commercial:            
New Buildings            
Number 0 1   0 2  
   Dollar Amount $0 $302,316 0.0% $0 $580,316 0.0%
Improvements            
Number 0 0   0 3  
   Dollar Amount $0 $0 0.0% $0 $181,900 0.0%
Total Permits**            
Number 8 8   63 119  
   Dollar Amount $659,114 $1,032,464 -36.2% $2,864,829 $6,084,677 -52.9%
             
WORK FORCE                           
Pierre MiSA***            
Total Work Force 12,585 12,596        
Total Employed 12,251 12,285        
Total Unemployed 334 311        
Unemployment Rate 2.7% 2.5%        
             
       
For local job opportunities, visit http://dol.sd.gov/localoffices/pierre
 
* Includes multi-family, mobile and manufactured homes
** Includes residential, commercial, and all other permits.
*** Pierre Micropolitan Statistical Area includes Hughes & Stanley counties
Source: Pierre Economic Development Corporation Research

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