6th annual dinner - wyandot county economic...
Post on 16-Oct-2020
2 Views
Preview:
TRANSCRIPT
November 10, 2014
6th
Annual Dinner
Program Overview
• WCOED Membership
• State of Wyandot County
• 2014 Efforts/Projects
• ED Awards Presentation
• Keynote Speaker: Mark Barbash
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
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
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
State of Wyandot County Economic Indicators
500055006000650070007500800085009000
Total Stable Jobs
Source: U.S. Census Bureau – Quarterly Workforce Indicators
State of Wyandot County Economic Indicators
0%
2%
4%
6%
8%
10%
12%
200620062007200720082008200920092010201020112011201220122013
Turnover Rate
Source: U.S. Census Bureau – Quarterly Workforce Indicators
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
State of Wyandot County
Source: U.S. Census Bureau – Quarterly Workforce Indicators
General Fund Receipts & Expenditures
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)
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
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
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
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
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
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
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
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
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
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
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
Thank you: For continuing to support the livelihood of residents and their families in
the Wyandot County community.
2014 Wyandot County Distinguished Contribution to
Economic Development Awards
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/
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
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
2014 Distinguished Contribution to Economic Development Awards
November 10, 2014
6th
Annual Dinner
top related