kossuth and palo alto county economic ... -...

2018 Snapshot

Kossuth and Palo Alto County Economic Development Corporation supports the growth

of existing business and industry, along with the creation of new business. This report

provides an overview of both Kossuth and Palo Alto Counties current economic

development climate for businesses, education, healthcare, agriculture,

and renewable fuels.

Sources: Economic Modeling Specialists Intl., a CareerBuilder Company; Kossuth and Palo Alto County Assessors, IWD

Kossuth/Palo Alto County Economic Development Corporation

1,283

Manufacturing

Sector Jobs

1,975

Imports

2012-2017

29%

Sales

$3.1

$1.4

Total GRP*

GRP Increase

billion

$2.45 billion

$2.26 billion

Exports

Commercial &

Industrial Businesses

1.3 % 2016-2017

95% above

national average

4.2%2016-2017

Population

24 Thousand 12,845

Jobs

6%

Job Growth (2011-17)

Employment

Rate 2018

98%

billion

22 New jobs created from workforce training

dollars

$105,000 Training Bonds were sold

Kossuth & Palo Alto County Payroll

$5,271,589

Sources: Iowa Lakes Community College, Degrees, New Jobs & Payroll Data for FY 2018, Enrollment: FY 2018, Economic Value of Iowa’s Community Colleges Feb 2017

Source: K/PACEDC Business Survey 2018

Agriculture

Nursing

Business Administration & Management

Vet Tech

Own/Lease

Sufficient

Property

Plan to Expand

in the Next

5 Years

of businesses are in the

Retail Trade or Services industries

54%

Top Graduating Top Graduating

Programs in 2018 Programs in 2018

by Degrees by Degrees

EarnedEarned Iowa Economic

Development Authority

approved workforce training

dollars to companies in

Kossuth and Palo Alto

Counties totaling

$58,233

Companies Anticipate new products or services

over the next 2 years

88% of the students who completed a scholarship

application received at least one scholarship

$861,950 in scholarships were awarded in 2017-2018

Average Award: $2,094

84% of ILCC grads stay in the

area and support the economy

Iowa Lakes Community College

Power Sports

For every $1 spent at Iowa

Lakes, at least $1.47 for the

local and state economy

Skills learned at

Iowa Lakes increased wages in

the region by $290 Million

directly

42%

27%

9%

2%

20%

18-29 (42%)

30-49 (27%)

50-65 (9%)

65 + (2%)

Didn't Hire (20%)

Sources: Economic Modeling Specialists Intl., a CareerBuilder Company; IA Dept of Revenue; K/PACEDC Revolving Loan Funds

1,123

36,186,657

Employees: 160 Full Time & 40 Part Time Adjusted Gross Revenue: $28,129,742 Admissions: 34,300 Customers Per Month

Emergency Room Visits: 3,714

Total Outpatient Visits: 25,936

Community Health Visits: 7,476

Volunteers: 125

Births: 125

Total Admissions: 774

Surgeries: 1,162

Clinic Visits: 51,111

Emergency Room Visits: 3,803

Total Outpatient Visits: 20,321

Community Health Visits: 4,769

Volunteers: Not available

Births: 84

Total Admissions: 369

Surgeries: 858

Clinic Visits: 24,443

Note: Gross Gaming Revenue for 12 months ending 12-31-17

Sources: Iowa Racing and Gaming Commission and Wild Rose Casino

Benefits to Palo Alto County

The average customer at the Emmetsburg casino

spends $68.15 on the gambling floor.

6% of gaming revenues are received through the Palo Alto County Gaming

Development Corporation and distributed to local governments, schools,

and area non-profit organizations totaling more than

$18 million over the past 12 years.

These grants provide improvements throughout the county and surrounding

areas; new equipment/building for hospitals, fire departments, law enforcement,

schools, cities, area organizations and the development of recreational trails.

Sources: Iowa Hospital Association January 2018 Data; Kossuth Regional Health Center Quick

Stats 2017; Palo Alto County Health System Quick Stats 2017

Employment

Impact

870

Payroll Impact

Sales Tax

Retail Sales

7,809,448

468,568 Sales Tax

Retail Sales

Payroll Impact

Employment

Impact

Multiplier Effect: Secondary impacts to the economy from goods and services

purchased by healthcare employees. The employment multiplier and income

multiplier are included in the impacts shown. Iowa Hospital Association

50,544,990

10,583,628

635,019

Economic Business Development

$557,150 Dollars Invested

Educational

Attainment

High School graduate or higher

92.25%

17 Kossuth County

Businesses Funded

9 $302,000 Dollars Invested

Palo Alto County

Businesses Funded

93 New Sales Tax

Permits Issued

24% 2016-2017

Sources: USDA; National Agricultural Statistics Service; Coalition to Support Iowa’s Farmers

In 2017, Kossuth County ranked Number 1 in corn production and

Number 1 in soybean production, while Palo Alto County also

put up strong numbers.

Renewable Fuels

Source: Kossuth and Palo Alto County Treasurers Office, Economic Modeling Specialists Intl., a CareerBuilder Company, Ethanol RFA 2017

KOSSUTH/PALO ALTO COUNTY ECONOMIC DEVELOPMENT CORPORATION 106 S. Dodge St., Suite 210 | Algona, IA 50511 | PH 515-295-7979 | FAX 515-295-8873

[email protected] | www.kossuth-edc.com | www.paloaltoiowa.com

Crops & Agriculture

59 M

Kossuth County

Total Farmland: 599,439 acres

Average Farm Size: 444 acres

Number of Farms: 1,349

Farmland Value: $8,326/acre

Harvested Acres: 169,800

Yield per Acre: 195.4

Bushels Produced: 33,187,000

State Rank: 33

Palo Alto County




State Rank: 1




State Rank: 35




State Rank: 1

Total Farmland: 358,769 acres

Average Farm Size: 410 acres

Number of Farms: 874

Farmland Value: $8,244/acre

CORN CORN

SOYBEANS SOYBEANS

600 gallons of starch ethanol

75-85 gallons of cellulosic ethanol

3,400 pounds

of animal feed

292 Est. Direct Jobs

of corn processed annually

Est. Bushels

175 M Est. Gallons

of ethanol produced annually

E15 is approved by the EPA for use in all light

duty vehicles built since 2001, this accounts

for about 90% of today’s automotive fleet

Est. Gallons

Soy Biodiesel

Annual Capacity

60 M

One Acre

of Corn

Can Produce

Returned to the Area Annually

kossuth and palo alto county economic ... -...

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