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March 2021 Capital City Economy

March 2021 Capital City Economy

  Capital City Economy    
             
November 2020 Current Month Same Month 2019 Percent Change 2020 YTD 2019 YTD Percent Change
CITY TAX RECEIPTS            
Pierre 2% $727,257 $680,769 6.8% $7,546,956 $7,303,177 3.3%
Pierre 1% BBB $43,824 $49,033 -10.6% $467,878 $501,025 -6.6%
             
Fort Pierre 2% $115,407 $102,416 12.7% $1,191,253 $1,106,175 7.7%
Fort Pierre 1% BBB $9,621 $10,190 -5.6% $107,040 $111,631 -4.1%
OCCUPANCY TAX            
Pierre BID #1 $14,830 $20,116 -26.3% $167,164 $228,208 -26.7%
             
AIRPORT BOARDINGS            
SkyWest 1,040 1,661 -37.4% 7,425 13,010 -42.9%
             
DAILY TRAFFIC            
Missouri River Bridge 13,290 13,674 -2.8% 143,320 160,041 -10.4%
US 14 East of Pierre 2,823 2,896 -2.5% 29,494 33,003 -10.6%
             
CITY OF PIERRE BUILDING PERMITS            
Residential:            
New Homes            
Stick Built – Number 2 0   21 5  
   Dollar Amount $392,856 $0 0.0% $4,600,982 $1,080,000 326.0%
Other* - Number 1 2   10 6  
   Dollar Amount $0 $120,000 0.0% $276,001 $269,900 2.3%
Remodeling            
Number 9 0   75 38  
   Dollar Amount $264,425 $0 0.0% $1,325,480 $323,112 310.2%
             
Commercial:            
New Buildings            
Number 1 0   10 9  
   Dollar Amount $90,000 $0 0.0% $7,195,654 $6,814,237 5.6%
Improvements            
Number 0 2   22 35  
   Dollar Amount $0 $91,782 0.0% $1,045,920 $3,022,546 -65.4%
Total Permits**            
Number 48 22   610 603  
   Dollar Amount $878,509 $389,984 125.3% $19,021,879 $15,141,481 25.6%
             
HUGHES COUNTY BUILDING PERMITS            
Residential:            
New Homes            
Number 0 1   7 8  
   Dollar Amount $0 $389,000 0.0% $1,898,059 $2,768,593 -31.4%
Other* - Number 0 0   2 4  
   Dollar Amount $0 $0 0.0% $144,000 $202,000 -28.7%
Remodeling            
Number 0 1   25 84  
   Dollar Amount $0 $20,000 0.0% $467,312 $1,652,866 -71.7%
             
Commercial:            
New Buildings            
Number 0 1   0 6  
   Dollar Amount $0 $30,000 0.0% $0 $801,316 0.0%
Improvements            
Number 0 0   1 3  
   Dollar Amount $0 $0 0.0% $175,000 $181,900 -3.8%
Total Permits**            
Number 2 5   72 133  
   Dollar Amount $107,966 $514,000 -79.0% $3,977,054 $7,129,734 -44.2%
             
WORK FORCE                           
Pierre MiSA***            
Total Work Force 12,552 12,680        
Total Employed 12,255 12,348        
Total Unemployed 297 332        
Unemployment Rate 2.4% 2.6%        
             
       
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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