The Economic Development Division is responsible for assisting in the redevelopment of downtown as well as the overall economic growth of the city. Please direct any questions to Marketing@siloamsprings.com.

Certified Special Census Report

The certified special census count results are in. The population count for the City of Siloam Springs, as of April 2006, is 13,990 with 5,521 housing units. This represents a 29% increase in population from our 2000 census number of 10,843. With the state turn back revenue of $62.50 per capita, our new population total will result in an additional $196,688 per year for the City. Per Arkansas State Statute, 75% of this revenue is allocated to the Street Department and 25% goes in the City's General Fund. We will cover the costs for the census in the next eleven months. By the year 2010, our projected net gain is $670,486 additional revenue. The City wishes to thank the community for their cooperation.

Population and Housing Statistics for Siloam Springs (9-9-05)

• The current estimated subdivision population is at 15 % of their full potential build out.
  
• A subdivision on average takes 2 to 3 years to fully develop to 100 % occupancy.
  
• In the last 2 years 2003-2004 the City has reviewed 28 applications for preliminary plats. The average lot count for a preliminary plat is 42.
  
• Approximately 95 % of lots in new subdivisions are single-family. 5 % are two family or higher.
  
• In 2005, the City has received 9 preliminary plat applications with an average lot count of 44.
  
• The building permits issued in new subdivisions approved from May of 2004 to August 2005 represents 3.3 % of the City’s total housing stock and 66 % of all building permits issued during that time.
  
• On average, the City’s housing stock increases by 179 units per year, this is an average increase of 4 % per year.
  
• From 2001 – 2005, the City’s population increases on average by 585 a year, this is an average increase of 4.2 % per year.
  
• The population increase range within the last five years has been 281 in 2001 to 1047 in 2003, this number fluctuates. (See population and Housing Trends in Siloam Springs)
  
• The average percentage rate of increase for population is 0.44 % per year.
  
• Taking historic figures and housing starts data and extrapolating this forward, the current estimated City population is 13,926. 

General Information

• Siloam Springs, population of over 14,000 (2004), sits on U.S. Highway 412 at the Oklahoma state line, 25 minutes from Interstate Highway 540. Highway 412 at Siloam Springs is the number one non-Interstate entrance into the state of Arkansas with daily averages of 26,000 cars per day, according to AHTD. Only Interstate 30 at Texarkana and Interstate 40 at Memphis handle more traffic into the state.
  
• According to a 2003 study, 44% of all employees of major employers live in Oklahoma. The population of 14,000 doesn’t include these workers
  
• Northwest Arkansas unemployment rate hovers around 2.5% while the unemployment rate just across the state line in Oklahoma ranges from 6% to 8%.

The Siloam Springs marketing area is 110,571 as of January, 2006, and breaks down as follows:

          City/County                  % of Population in Trade Area            2006 Estimated Trade Area Population

          Siloam Springs                                 100%                                                   14,000

          Benton County                                 10%                                                    19,135

          Washington County                           3%                                                      5,771

          Adair County                                    85%                                                    25,208

          Delaware County                             85%                                                    33,225

          Cherokee County                             30%                                                    13,232

As set forth above, the 2006 retail trade area population is estimated at 110,571 persons, which translates into 31,592 households (3.5 members per household) which does some or all of its weekly shopping for goods and services within the Siloam Springs trade area. 

• The Siloam Springs MSA was selected as the number one economy in the nation by the Milken Institute, June 2003 (“Fayetteville-Springdale-Rogers” MSA which actually covers Benton and Washington County)
  
• The Siloam Springs MSA was selected as the number seven economy in the nation by the Milken Institute, August 2004 (“Fayetteville-Springdale-Rogers” MSA which actually covers Benton and Washington County)
  
• Housing: Over 900 residential building lots are platted and in some phase of development process in the northeast section of the community
  
• Our county, Benton, is the 3rd fastest growing county in the nation while our MSA is the sixth fastest (1990-2000)
  

Direction of Residential Growth

The direction of our residential growth is northeast.

Direction of Commercial Growth

The direction of our commercial growth is northeast.

Shopping Centers

There are several new shopping center developments over the last five years: 2000 - Time Square (11 units)(central part of town) and Wal-Mart Super Center (east part of town), 2002 - Ravenwood Plaza (10 units) (east part of town), 2004 - Sunrise Plaza (five units) (east part of town) and four new units in front of the Wal-Mart Super center (east part of town).

There is one new shopping center development five to ten years: Tulsa Street Center.

Existing Theaters

There is one movie theater that opened in September, 2007 (www.centercinemas.com).

There is one live community theater, the Sager Creek Arts Center (www.sagercreekartscenter.com).  The Arts Center opened in 1985, and offers the community live theater, music, art, literature, and children's programming. 

Alcohol Sales

Our county, Benton County, is dry, however there are allowances for “clubs.”   There are many clubs in Benton County where alcohol is served.  The City currently has one restaurant, and another in the planning stages, with a license to serve alcoholic beverages.

Colleges or Technical Schools

• John Brown University, a Christian liberal arts college of 1,200 students on campus is located in Siloam Springs.
  
• University of Arkansas, the state’s flag ship university of 17,000 students is located in Fayetteville just 45 minutes east of Siloam Springs.
  
• Northwest Arkansas Community College, the fastest growing and the second largest in the state with 5,300 students is located in Rogers just 40 minutes east and north of Siloam Springs.
  
• Northwest Technical Institute is the Arkansas Vo-Tech school with 1,000 students and is located in Springdale just 30 minutes from Siloam Springs
  
• Northeast Technology Center is the Oklahoma Vo-Tech school with 550 students and is located in Kansas, Oklahoma, just 20 minutes to the west of Siloam Springs
  

Hospitals

Siloam Springs Memorial Hospital has 73 beds, 26 doctors and 138 nurses. The hospital is conducting a feasibility survey on building a new hospital within two years on the east side of town.

There are four other hospitals in each of the four other communities in Northwest Arkansas. All are either new or newly remodeled.

Nursing Facilities

There are two with a total bed number of 258.

Auto Dealerships

There are three new-car dealerships and all are located within 500 feet of each other on U.S. Highway 412. There is a Ford/Mercury dealer, a Chevrolet dealer and a Dodge/Chrysler/Jeep/Pontiac/Buick/GMC dealer. There are no new new-car dealerships while there are several “used” car dealerships in the community.

Major Employers & Number of Employees

Allen Canning Company, 1000+
Cherokee Casino, 285
City Of Siloam Springs, 200
Cobb-Vantress, 200
DaySpring Cards, 425
Franklin Electric, 650
Gates Corporation, 650
John Brown University, 407
La-Z-Boy of Arkansas, 525
McKee Foods, 1,450
Ozark Electronics Repair, 350
PipeLife Jet Stream, 92
Siloam Springs Memorial Hospital, 300
Simmons Foods, 1881
Wal-Mart SuperCenter, 450
Webb Wheel Productions, 162

Traffic Count Map

This map can be downloaded here.

Road Expansion/Extension

Can be provided upon inquiry

Tourist Events

Annual Special Events, time of event, draw in population:

• Dogwood Festival in Spring - 30,000
• Siloam Springs Rodeo in mid June – 10,000 over four days
• Christmas parade on the 1st Saturday in December - 6,500
• City fireworks presentation, July 4th - 6,000
• Northwest Arkansas Marching Band Invitational in October – 2,500
• JBU Candlelight Christmas Concerts – 2,400
• Summer Music Games (national marching band competition) in July – 1,800
• JBU Homecoming in October – 1,000
• Siloam Springs Music Games (Marching Band Competition) in July – 2,000

Number of Platted Homes and Price Range in $ thousands

New housing developments – Inside City Limits:
A. Patriot Park - 128 lots, $125-170k
B. Walnut Woods - 112 lots, 125-170k
C. Stone Crest - 40 lots , 150-190k
D. Highland Park - 10 lots, 150-170k
E. “18 Acres” - 14 lots , 200k +
F. The Meadow - 18 lots , 165k +
G. Heritage Ranch - 79 lots, 125-170k
H. Ashley Park - 120 lots, 95-110k

New housing developments – Outside City Limits
I. Club View - 12 lots , 225k +
J. River Ridge - 16 lots, 150-250k
K. Timber Ridge - 10 lots, 97-200k
L. Spring Harbor - 10 lots, 250 k
M. Grace Estates - 19 lots , 150-260k