Dear Valued Partner,

The first quarter of our fiscal year for LEDA and Visit Lubbock kicked off with exciting opportunities as well as predicted challenges. As anticipated, the number of new prospects for LEDA dropped off primarily as a result of the national election. This is very typical, no matter who is in office at the time. The prospects we are seeing include more distribution-related companies and about 10 percent of our prospects are interested in rail-served facilities. Currently, one of the biggest things holding us back when it comes to landing deals is the availability of buildings that adequately meet interested companies’ needs. As far as employment trends go, private business continued to hire in the first quarter, while the state laid off some local employees according to recent reports.

Visit Lubbock continues to see strong growth in the tourism industry. Occupancy is up 7 percent over the last year, and up 14 percent over the last 22 months. Lodging revenue has increased 9.5 percent from October 2011, and is up 5.1 percent for the year. Several new hotels are in the initial building phase across the “Hub City.” These include a new Courtyard Marriott and Holiday Inn Express, which should be completed by the spring of 2013. Along with the positive travel and tourism trends, our sporting events have brought many more room nights than expected, which is a great boost for our fall numbers.

Throughout this report, you’ll find more detailed information regarding prospects and where we stand on reaching our fiscal year goals. As always, please feel free to forward the Lubbock Report to any interested friends and colleagues. Thank you for your continued support of LEDA and Visit Lubbock.

Sincerely,

LEDA, in partnership with Workforce Solutions South Plains and various other organizations, hosted three different job fairs in the first quarter of the fiscal year. The biannual South Plains Job Fair, held in October, featured 74 employers and was attended by 2,500 job seekers. The South Plains Career Expo, also held in October, showcased 124 exhibitors and was attended by 3,924 students from 58 school districts. In November, LEDA helped host the Red, White and You Veteran Job Fair, which showcased 56 area employers. During October and November, LEDA reached out to local employers and human resource professionals to participate in the Wage and Benefit Survey for a second year. In total, 80 local businesses across all industries completed the survey. The results of the Wage and Benefit Survey will be presented at a luncheon in January 2013.

THE LUBBOCK REPORTQUARTERLY RESULTS & TRENDS FOR MANAGEMENT DECISION MAKING

311323324325326332333334336339423484524551561

523548

1022

116

1252

12

28

0

7

2

1

3

6

20

3

6

0

0

1

0

0

0

0

1

1

1

1

Food ProductsCommercial Digital PrintingPetroleum and Coal Products ManufacturingChemical and Pharmaceutical ManufacturingRubber & Misc. PlasticsFabricated Metal Product ManufacturingIndustrial MachineryElectrical and Measuring EquipmentTransportation EquipmentMisc. ManufacturingMerchant Wholesalers, Durable GoodsMerchant Wholesalers, Non-Durable GoodsInsurance CarriersManagement of CompaniesBusiness Services

Association

Corporate

Education

Government

Group Travel

Military

Other

Religious

Reunion

Social or Fraternal

Wedding

Basketball

Baseball

Combat

Volleyball

Swim/Dive

Football

Running

Soccer

Softball

Other

6%2%3%6%4%9%

11%2%2%

12%7%

13%6%2%

13%

37%

0%

9%

3%

1%

4%

8%

26%

4%

8%

0%

0%

20%

0%

0%

0%

0%

20%

20%

20%

20%

Description Market MarketPercent Percent PercentCode Number Number Number

COMPARING TO PREVIOUS QTR

Total EmploymentState gov’t losses > Private sector growth

Total ProspectsUp 43% in past year

Distribution ProspectsUp 75%; Office down slightly

Room Nights Contracted Up 44%Yet slightly less prospects

VL Group Sales Pending36% more room nights

VL Groups Serviced15% fewer events; 48% more room nights

Total Lodging RevenueIncreased 19 of last 22 months

V I S I T L U B B O C KL E D A

L E D A

COMPARING TO SAME QTR OF LAST YEAR

01020304050607080

Q42010-11

Q12011-12

Q22011-12

LEDA

VISIT LUBBOCK

Q32011-12

Q42011-12

Q12012-13

Marketing Calls 2Allies 21Consultants 8

Direct Calls/Website 42Office of Economic Dev. 16

Ally Referral 26Tradeshow 5Rebooking 28

Direct Calls 8Marketing Calls 4

LED

AVI

SIT

LUBB

OCK

1500 BROADWAY, 6TH FLOOR • LUBBOCK, TX 79401 • LUBBOCKEDA.ORG • 806.749.4500 • VISITLUBBOCK.ORG • 806.747.5232

QUARTER 1September - November 2012

2%

E C O N O M I C F O R E C A S T S

N E W P R O S P E C T S I D E N T I F I E D P R O S P E C T S B Y R E F E R R A L

P R O S P E C T S B Y S P O R TP R O S P E C T S B Y M A R K E TP R O S P E C T S B Y N A I C S C O D E

W O R K F O R C E P A R T N E R S H I P

24%

34% 5% 35% 16% 6%

9% 47% 18%

The Lubbock Economic Development Alliance is a not-for-profit company that promotes economic progress through the development or expansion of commercial activity in the area. Since its inception in 2004, the organization has assisted 113 companies, directly resulting in 4,697 jobs and more than $4.5 billion in cumulative economic impact to the Lubbock area.

Visit Lubbock is Lubbock’s official Convention & Visitors Bureau, charged with increasing the activity of leisure, sports, meeting and convention travel to Lubbock. Since 2004, Visit Lubbock has booked more than 3,194 events or conventions, resulting in 2.53 million visitors, 802,929 room nights, and $254 million in direct economic impact to the Lubbock area. For more information on the “Texas You’ve Always Dreamed Of” or to receive a free Visitor or Sports Facility Guide, please call 800.692.4035 or log on to VisitLubbock.org. For our latest events, check out our Facebook page at Facebook.com and search for Visit Lubbock and/or Lubbock Sports.

Research & Testing Laboratory

PathoGenius Laboratories

Covenant Health

Supply Chain Management, Inc.

Quality Buildings, Inc.

Tire Centers, LLC

Raw Oil and Gas, Inc.

Sprint/CSD CapTel

Copy Craft Printers, Inc.

Desert Tanks, LLC

Rentzel Pump Manufacturing

Amerigroup RealSolutions

SunGold Foods, Inc./Red River Commodities

Lummus Corporation

Asher Logistics

T&B Limited

EventDate

EconomicImpact

EconomicImpact

EventDateGroupGroup

RoomNights

RoomNights

113

146

305

970

93

120

1,291

552

1,531

416

350

350

375

440

9/12

9/12

9/12

9/12

9/12

9/12

9/12

9/12

9/12

9/12

9/12

9/12

10/12

10/12

$ 34,774

44,930

93,860

298,507

28,619

36,928

397,292

169,872

471,149

128,019

107,709

107,709

115,402

135,405

$ 253,885

99,400

215,418

86,167

95,399

76,935

167,718

612,402

123,096

240,037

184,644

769,350

98,476

92,322

10/12

10/12

10/12

10/12

10/12

11/12

11/12

11/12

11/12

11/12

11/12

11/12

11/12

11/12

825

323

700

280

310

250

545

1,990

400

780

600

2,500

320

300

Society of Environmental Journalists Annual Conference

Texas Elks State Association Annual Fall Conference

Missionary Baptist General Convention of TX Annual Session

LCU Men’s Fall Golf Tournament

NJCAA Fall Golf Tournament

NJCAA Region V West Volleyball Tournament

Western Literature Association Annual Conference

UIL Regional Cross Country Meet

Texas Tech Softball Fall Elite 14’s Camp

NIRSA NCCS Regional Flag Football Championships

NJCAA Half Marathon

Panhandle National Wrestling Tournament

2012 Carpet Tech Tip Off Basketball Classic

The World vs Lubbock Hardwood Showdown

Q4, FY 11/12

Q4, FY 11/12

Q4, FY 11/12

Q4, FY 11/12

Q4, FY 11/12

Q4, FY 11/12

Q4, FY 11/12

Q3, FY 11/12

Q3, FY 11/12

Q3, FY 11/12

Q3, FY 11/12

Q2, FY 11/12

Q2, FY 11/12

Q1, FY 11/12

Q1, FY 11/12

Q1, FY 11/12

$ 800,000

undisclosed

undisclosed

undisclosed

450,000

undisclosed

undisclosed

undisclosed

5,000,000

1,300,000

undisclosed

500,000

11,500,000

6,000,000

2,870,000

350,000

$ 951,000

678,000

2,780,000

185,000

1,043,000

-

1,013,000

-

615,000

4,063,000

420,000

2,600,000

3,300,000

540,000

-

-

CompanyApproval

DateTotalJobs

CapitalInvestment

IncentedAnnualWages

Goals

Job Creation and Companies AnnouncedCompanies Announced Jobs

Prospect Development MeetingsType I Prospect Development MeetingsType II Prospect Development MeetingsType III Prospect Development MeetingsNew Prospects/Leads

00

272

19

00

272

19

16600

16161195

QuarterlyResults

QuarterlyResultsYTD YTDGoal Goal

Goals

CVB Rooms Contracted

CVB Rooms Serviced

Sports Rooms Contracted

Sports Rooms Serviced

5,448

14,228

29,984

11,638

5,448

14,228

29,984

11,638

38,000

36,000

89,000

91,000

© 2011 All rights reserved Lubbock Economic Development Alliance and Lubbock Convention and Visitors Bureau

Southwest Economic Site Selectors Forum

Texas Association of WIC Directors Development Conference

Law Enforcement Management Institute of TX Police Chiefs

Texas Payroll Conference

Lone Star Golf Course Superintendents Association

MHS & LHS Class of 1962 50th Reunion

National Cowboy Symposium & Celebration

Heart of the Plains Dog Show

Lubbock Music Fest

Frenship Volleyball Tournament

Texas Tech Volleyball Tournament

ScogginDickey Golf Classic

Fall for Fastpitch

Medical Library Association South Central Chapter Annual Meeting

$ 4,214,678

3,000,130

14,040,290

2,328,843

8,158,343

1,609,394

6,674,690

2,042,637

3,471,256

25,717,823

3,202,070

18,442,302

17,565,971

5,192,964

2,487,526

2,235,669

Annual Economic Impact*

Total Locations

Total Jobs

Avg. # Jobs/Location

Total Capital Investment

Total Incented Annual Wages

Avg. Annual Wage of Incented Jobs

Avg. Annual Wage for Lubbock County

Percent Difference

Total Annual Economic Impact

Avg. Economic Impact/Job Created

Avg. Economic Impact/Location

16

564

35.3

$28,770,000

$18,188,500

$42,103

$36,530

15.3%

$120,384,587

$213,448

$7,524,037

* Annually, once fully operational. Represents total economic output created by project.

L O C A T I O N S A N N O U N C E D B Y L E D A I N L A S T 1 5 M O N T H S

T O P G R O U P S S E R V I C E D B Y V I S I T L U B B O C K D U R I N G Q T R .

C O M P I L E D N U M B E R S

G O A L S V E R S U S P E R F O R M A N C E

V I S I T L U B B O C K

G O A L S V E R S U S P E R F O R M A N C E

L U B B O C K E C O N O M I C D E V E L O P M E N T A L L I A N C E

19

12

84

14

33

8

17

70

20

92

10

41

105

20

14

5