Analyzing Tweed’s Economy

Appendix B Purpose

• To provide an overview of the local economy • Highlight local trends and put them in context (population, retail) • To provide background for the other market analysis information Population Change 1996 to 2001

7.0% 6.4%

6.0%

5.0%

4.0%

3.0%

2.0%

1.0%

0.0% -0.1% -1.0% -1.6% -2.0% Hastings Tweed Population in 2001 Source: , 2001 Ontario Tweed Township

11,410,046 125,915 5,612 Population Change 2006 to 2031 (if current trends continue) 30.0%

25.0%

20.0%

15.0% Ontario 27%

10.0%

5.0% Hastings 13%

0.0%

0 2 6 2 8 01 01 014 01 02 026 02 2006 2008 2 2 2 2 2018 2020 2 2024 2 2 2030

Hastings Ontario Source: Ministry of Finance, 2005

County of Hastings population is projected to increase by 13% from 134,390 to 152,750 in 25 years Labour Force Change 1996 to 2001

14.0% 12.5%

12.0%

10.0%

8.0% 6.4%

6.0% 4.0% 4.0%

2.0%

0.0% Ontario Hastings Tweed

Labour Force in 2001 Ontario Hastings County Tweed Township 5,252,740 56,975 2,440

Source: Statistics Canada, 2001 Tweed’s Resident Labour Force

Real estate operator and insurance agent industries

Mining, quarrying and oil w ell industries

Logging and forestry industries

Finance and insurance industries

Communication and other utility industries

Accommodation, food and beverage service industries

Business service industries

Government service industries

Agricultural and related service industries

Other service industries

Wholesale trade industries

Construction industries

Educational service industries

Transportation and storage industries

Health and social service industries

Manufacturing industries

Retail trade industries

0 50 100 150 200 250 300 350 400 450 500 Labour Force Survey Tweed’s Top 5 sectors by Local Jobs

Sectors % Total Local Jobs 1,110

Retail trade industries 180 (16%)

Health and social service 145 (13%) industries Agricultural and related service 125 (11%) industries Educational service industries 85 (8%)

Other service industries 85 (8%)

Source: Statistics Canada, 2001 Daily Commuting Flow out of Tweed

Toronto (C)

Oshawa (C)

Madoc (TP)

Stirling-Rawdon (TP)

Quinte W est (C)

Belleville (C)

Stone Mills (TP)

Greater Napanee (T)

Kingston (C)

0 100 200 300 400 500 600 700 800

Source: Statistics Canada, 2001 Origin of Tweed's Workers

Tweed (TP)

Centre Hastings (TP)

Belleville

Addington Highlands (TP)

0 100 200 300 400 500 600 700

Source: Statistics Canada, 2001 2001 Median Income $24,816 $25,000 $20,135 $20,072

$20,000

$15,000

$10,000

$5,000

$0 Ontario Hastings Tweed

Source: Statistics Canada, 2001 Canadian Retail Trends % of Total Retail Spending % change % change Sales 2004 in 2004 2000 to 2002 2002 to 2004 Total $93,297,793 100% 11.2% 11.0% Food and Beverage $30,389,624 32.6% 7.4% 11.2% Drugs (prescription and over-the-counter), vitamins and other health supplements $4,652,555 5.0% 24.8% 21.5% Clothing $13,218,760 14.2% 5.9% 4.6% Home furnishings & electronics $14,002,161 15.0% 14.2% 13.1% Housewares $4,152,041 4.5% 10.1% 5.9% Hardware, Lawn & Garden $3,791,860 4.1% 8.9% 16.1% Sporting goods & Leisure $3,100,164 3.3% 13.3% 8.4% Pre-recorded CDs, DVDs, and video and audio tapes $1,123,858 1.2% 21.1% 21.4% Books, newspapers and other periodicals $436,619 0.5% 7.7% 5.8% Automotive fuels, oils and additives $2,411,072 2.6% 12.8% 27.9% Tobacco products and supplies $2,500,591 2.7% 19.7% 3.7%

Source: Statistics Canada, 2005 Pull Factor

• Per capita spending estimate based on median income compared to actual reported sales – A pull factor of less than 1 means sales in the area is less than total spending …. I.e sales are leaking out – A pull factor of greater than 1 means sales in the area is more than local resident spending Forward Retail Sales 2000 Retail Sales 2002 (000) % Change Pull Factor Sortation (000) Area K0K $414,440 $413,982 -0.1% 0.3 Ontario $114,290,470 $129,430,251 12% N/A Source: Statistics Canada, SARTRE Data, 2005