6th annual dinner - wyandot county economic...
TRANSCRIPT
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November 10, 2014
6th
Annual Dinner
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Program Overview
• WCOED Membership
• State of Wyandot County
• 2014 Efforts/Projects
• ED Awards Presentation
• Keynote Speaker: Mark Barbash
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Special Thanks to our WCOED Members
Platinum Members
• Clouse Construction Company
• CSI Construction Services Inc.
• First National Bank of
Sycamore
• Vaughn Industries
• Village of Carey
• Wyandot County
Commissioners
• Wyandot Memorial Hospital
Gold Members (Cont.)
• M.C. Diversified
• National Lime & Stone
Company
• North Central Electric
Cooperative
• Ohio Power Systems, LLC
• Roynon Electrical Products
Company
• S&P Alliance, Inc.
• Schilling Propane Company
• Sycamore Telephone
Company
• United Country Walton Realty
& Auction Co.
• United Insurance Service
• Upper United Development
Corp.
Gold Members
• AEP Ohio
• Commercial Savings Bank
• First Citizens National Bank
• Custom Glass Solutions by
Guardian
• Kimmel Corporation
Silver Members
• ACI Construction Co. Inc.
• Pfeifer Hardware
• Roth & Bacon Attorneys
at Law LLC
• Village of Sycamore
Bronze Members
• Angeline School &
Industries
• Carey Area Chamber of
Commerce
• Doug Frisch
• Upper Sandusky Area
Chamber of Commerce
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Special Thanks to our WCOED Members
Welcome New Members of 2014
• City of Upper Sandusky
• Edward Jones of Upper Sandusky
• Peterman Associates Inc.
• Reineke Motors, Inc.
• WCOED Total = 35 Members
• 30 Private Sector Members
• 5 Public Sector
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State of Wyandot County Economic Indicators
190000
210000
230000
250000
270000
2006 2007 2008 2009 2010 20112012
$1,0
00
Annual Payroll - All Sectors
Source: U.S. Census Bureau – County Business Patterns
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State of Wyandot County Economic Indicators
500055006000650070007500800085009000
Total Stable Jobs
Source: U.S. Census Bureau – Quarterly Workforce Indicators
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State of Wyandot County Economic Indicators
0%
2%
4%
6%
8%
10%
12%
200620062007200720082008200920092010201020112011201220122013
Turnover Rate
Source: U.S. Census Bureau – Quarterly Workforce Indicators
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State of Wyandot County Economic Indicators
• Sept. 2014 = 4.1%; rate not seen since Sept. 2001 (Source: Ohio LMI)
02468
1012141618
Ja
n-0
4
Aug
-04
Mar-
05
Oct-
05
May-0
6
De
c-0
6
Ju
l-07
Feb-0
8
Sep
-08
Apr-
09
No
v-0
9
Ju
n-1
0
Ja
n-1
1
Aug
-11
Mar-
12
Oct-
12
May-1
3
De
c-1
3
Ju
l-1
4
Unemployment Rates
US
Ohio
Wyandot
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State of Wyandot County
Source: U.S. Census Bureau – Quarterly Workforce Indicators
General Fund Receipts & Expenditures
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2014 Efforts
Business Retention & Expansion Program (BR&E)
• Must be able to provide narration of local economy before we can affect it
• Aids in business attraction
• Local cheerleaders
• Business visits and questionnaires used to:
• Open direct lines of communication
• Identify local needs and concerns
• Identify products & services that could be produced locally
• Provide assistance with expansion efforts
Rural areas experience as much as 86% of net job growth from existing businesses.
(Kraybill, 1995)
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2014 BR&E Statistics
Growing Stable0
5
10
15
20
25
30
Does your company have plans for growth over the
next 3 years?
Past Responses:
2013
74% growing
26% stable
2012
59% growing
37% stable
4% decline
2014
93% growing
7% stable
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
20122013
2014
Growing
Stable
Decline
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2014 BR&E Statistics
Labor Issues
Two of the Top 3 Factors to
Locating in a Community are based
on local labor force.
• Source: Area Development Magazine Corporate
Executive Surveys 2012 & 2013
0%
10%
20%
30%
40%
50%
60%
Very Poor Poor Average Good Excellent
Quantitiy of Salary Employees
2012
2013
2014
0%
10%
20%
30%
40%
50%
60%
Very Poor Poor Average Good Excellent
Quantitiy of Hourly Employees
2012
2013
2014
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2014 Efforts Manufacturing Day – December 2, 2014
• Introduce youth to modern day manufacturing environment
• Participating Employers:
• Bridgestone APM Co., Custom Glass Solutions by Guardian, Engineered Wire
Products, Ithaca Gun Company, Kalmbach Feeds, M-Tek, and Uni-Grip
- Do not let local talent
go to waste…
Piloted in 2013 with USHS
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2014 Efforts
AEP Ohio LEAP Grant
• Applied for and awarded $9,750 grant (1 of 18 awarded)
• Utility extension feasibility
and preliminary engineering
design for 146-acre site
• Increased marketability
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2014 Efforts
Closed Project Assistance
• Two direct involvement closed projects now closed
• One attraction and one local expansion
• Combination of multiple partners
• Aided in garnering State support
• Tax incentives
• Workforce Training Grants
• Aided in providing local support
• Community Reinvestment Area (CRA) agreement
• Enterprise Zone agreement
• On-the-Job Training Credits
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2014 Efforts
Closed Project Assistance
• U.S. Economic Development Administration (EDA) Public Works Grant
• CSP Expansion required increased electrical capacity
• New $3.8 million electrical substation
• Authored grant & additional required reports
• Coordinated needed documentation between Village of Carey & CSP
• After 8 months of follow-up items; Village was awarded $1.5M grant
U.S. Commerce Department Invests $1.5 Million to
Support Manufacturing in Northwest Ohio
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2014 Efforts
New WCOED Website
• Streamlined information for national site selection consultants
• Modern look and ease of accessibility with mobile component
• New Wyandot County searchable business database
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2014 Efforts
Many others…
• Wyandot County Economic Impact Analysis
• Used IMPLAN to analyze growth event in top 5 industry sectors
• Ohio InSite & LOIS Property Databases for Wyandot County
• Maintained/Updated/Submitted properties & RFPs for state generated leads
• Direct tool to market local properties to state-generated prospects
• 4-County Manufacturing Alliance
• Wyandot, Hardin, Marion, & Crawford Counties
• Focused on skilled labor talent-gap in local manufacturing
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2014 Efforts Annual Metrics Overview
2012 – Projects Closed: 1
• 25 New Jobs Created
• 288 Jobs Retained
• $3.1 Million new capital investment
2013 – Projects Closed: 2
• 51 New Jobs Created
• 370 Jobs Retained
• $7.25 Million new capital investment
• $863,700 grant funds secured
2014 – Projects Closed: 2
• 90 New Jobs Created
• 585 Jobs Retained
• $21.1 Million new capital investment
• $1.66 Million grant funds secured
0
50
100
2012 2013 2014
New Jobs Created
0
200
400
600
2012 2013 2014
Jobs Retained
$-
$10.00
$20.00
$30.00
2012 2013 2014
Millio
ns
New Capital Investment
$-
$500.00
$1,000.00
$1,500.00
$2,000.00
2012 2013 2014
Tho
usa
nd
s
Grant Funds Secured
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2014 Efforts Annual Metrics – Economic Impact Analysis
2014 – Projects Closed: 2
• 90 New Jobs Created
• $21.1 Million new capital investment
Source: IMPLAN – 2012 Data File Set
Impact Summary
Employment Labor Income Total Value Added Output
Direct Effect 162.2 $ 10,816,747 $ 13,421,365 $54,465,509
Indirect Effect 18.2 $ 674,485 $ 1,382,688 $ 2,433,458
Induced Effect 17.9 $ 482,139 $ 1,658,411 $ 2,550,627
Total Effect 198.3 $ 11,973,371 $ 16,462,464 $59,449,593
State and Local Tax Impact
Employee Compensation
Tax on Production
and Imports Households Corporations
$39,300 $577,457 $346,576 $11,300
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3-Year Cumulative Total Annual Metrics
Projects Closed: 5
• 166 New Jobs Committed
• 1,243 Jobs Retained
• $31.45 Million New Capital Investment
• $2,523,700 Million Grant Funds Secured
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Thank you: For continuing to support the livelihood of residents and their families in
the Wyandot County community.
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2014 Wyandot County Distinguished Contribution to
Economic Development Awards
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2014 Distinguished Contribution to Economic Development Award Winner
• 2014 Expansion Project
• New 20,000 sq. ft., 120’ tall production facility
• 25,000 sq. ft. of new warehouse space
• CNG Fueling Station
• Open to the public; Nov. 2013
Photos courtesy of Ohio’s Country Journal – Source: http://ocj.com/2014/10/a-look-at-the-new-kalmbach-feeds-packaging-facility/
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2014 Distinguished Contribution to Economic Development Award Winner
• New Paint Line Expansion Project
• Adding 50,000 sq. ft. to production facility
• Committed to creation of at least 50 new full-time
positions
• Local capital investment of $18+ million dollars
• Ability to offer added product value and options in-house to aid in the Village and
County’s economic growth
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2014 Distinguished Contribution to Economic Development Award Winner
• Industrial Park and Speculative Building
• Created the 30-acre Arrowhead Commerce Park
• Significant investment to construct a 100,000 sq. ft. spec building in the industrial park
• Advocate for and Charter Member of the WCOED
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2014 Distinguished Contribution to Economic Development Awards
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November 10, 2014
6th
Annual Dinner