A $5 Million Impact From a Plate of Nachos?

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Community Success: A $5 Million Impact From a Plate of Nachos? Mike Running, Executive Director Dumas, Texas Economic Development Corporation

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Mike Running is the Executive Director of Dumas Economic Development, a member of the Ports-to-Plains Alliance. He gave this presentation at the Rural Development Symposium 2010 - Taking Charge! November 3-5, 2010, Medicine Hat Lodge, Medicine Hat, Alberta

Transcript of A $5 Million Impact From a Plate of Nachos?

Page 1: A $5 Million Impact From a Plate of Nachos?

Community Success:

A $5 Million Impact From a Plate of Nachos?

Mike Running, Executive Director

Dumas, Texas Economic Development Corporation

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Nachos

• So many ingredients coming together to create a tasty feast

• Enjoying a plate with someone is fun

• Every recipe tastes great

• They can be simple or complex, but they all have the same initial ingredient

• What the Heck do they have to do with economic development?!?!

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It’s Pronounced Doo-Miss!

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Dumas, Texas

Last Project = Beef Processor in 1980’s

DEDC est. 1999

Some Successes

Became Stagnant

Disappointment

2008 = Me; Tasked with Doing it Differently

I live up there under the star.

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Time To Do Inventory

• Industries

• Strengths

• Problems or Potential Problems

• Deficiencies

• People

• Continual Process

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Building the Framework For Success

• What do we do and make?

• What do we have?

• What trends/events may affect us?

• What problems do we have?

• Who do we target?

• What’s missing?

• Who can help?

• What works & what doesn’t work?

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What Do We Do & Make?

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Energy

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Agriculture

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Keep Looking Around!

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What Do We Have?

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Amenities

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Assets

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What Qualifies as Quality of Life?

• Will it increase the economic base?

• Is it necessary?

• Is their a REAL return on investment?

• Does it attract new businesses?

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What Trends Will Affect Us?

• Economy

• Contract Jobs

• Industry Changes

• California

• Emerging Technologies

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Dumas Wind Opportunities

• Wind Farms

• Electrical Transmission

• Center of High Activity

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What Is Occurring Globally?

• Advances in food health

• California economy

• Who is developing new products?

• So much to know!

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What Problems?

• Negative Speak

• Majoring in the Minors

• Fragile Feelings

• Fear

• Indecision

• Apathy

• Competition

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Do Your Local Officials See IT?

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Who To Target?

• What Fits?

• What Works?

• What is Within Reach?

• What Do We Need?

• What Do We Want?

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Our Industry Targets

Aviation Distribution Energy Retail AgricultureGreen

Technology

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What’s Missing?

• The Right People?

• Public Perception?

• Outreach?

• Marketing?

• Organization?

• Investment?

• Knowledge?

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Investment in Local Assets

South 287 Utility Infrastructure

Dumas Business Park

Dumas Enterprise Center

AC- MCC Wind & Renewable Energy

Training

Airport Business Park

BNSF/TXNW Rail Access Agreement

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Who Can Help?

• Industry Specific Locals

• Organizations

• Industry Leaders

• Local Leaders

• Colleagues

• Prospects

• Organizations

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Our Partners

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What Works For You?

• Trade Shows?

• Conferences?

• Web Based?

• Social Networking?

• Advertisements?

• Cold Calls?

• Waiting for Phone to Ring?

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Booth Display: $5600

Travel: $1800

Marketing Ploys: $900

$1.3 million investment & 65 new jobs? Priceless

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My Basic Tenets for Success• Although YOU know you’re

in it up to your chin, keep your mouth shut and walk tall!

• Never underestimate the power of stupid people in large groups.

• The main thing is keeping the main thing the main thing.

• If opportunity doesn’t knock, build a door.

• Agree to respect each other’s views, no matter how wrong yours might be.

• Always keep the folks who hate you away from the folks who are undecided.

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What Works For Us?

• It’s Not Business, It’s Just Personal

• Keep it Positive

• Play the Field

• Don’t Neglect Your Family

• Keep Doing More

• Promotion

• Know the Impact

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It’s Not Business…

• Can Never Have Enough Friends

• Treat Everyone as Though They Have Another Deal to Bring You

• Make it Personal

• Never Eat Alone!

• Great Things Happen Around the Table

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Keep It Positive

• Prepare for Success

• Eliminate Growth Killers

• Take Chances

• Plug Your Town

• Celebrate Everything

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Play the Field• Ask 10 people for a date; one will agree

• It’s easier to ask someone you know out

• A mutual friend is a great place to start

• Having things in common makes it easier

• Look and act interested in them rather than yourself

• Sometimes the best catch is the quiet one

• They don’t know you are looking until you tell them

• They don’t think they are as good as you see them

• Some are good from far, but far from good

• You need to know what you want and target their hang outs

• Clean yourself up; they can sense lack of pride

• Don’t show too much on the first date

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Don’t Neglect Your Family

• Show Your Businesses You Care; Someone Else Will Make Them Feel Desired!

• Organic Growth Works; BG&D

• Grow What You Know

• Look At Your Community With Visitor Eyes

• Help Local Businesses Succeed; Lead Generation

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Dumas Business Growth & Development (BG&D)

• Applied more focus on our existing business

• Created networking events

• Business Facilitator

• Start-up assistance

• Small grant awards

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Always Do More

• There are ways around a one drink limit!

• Stay a Step Ahead

• What Do Others Have?

• Find Out Where the Leads Hang Out

• It Doesn’t Have to Cost Money

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Promotion

• Get your name out there

• Stay on top of your websites

• Promote yourself locally

• Get branded

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Know The Impact

• Create an Impact Analysis

• Use it to prove it!

• The numbers don’t lie

• Has to be personalized

• Show it off to prevent apathy

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Does Any Of It Really Work?

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Nachos Anymore!

• Anemometry Specialists…Over a Steak

• Wells Industrial Paint Services…Over a Plate of Nachos

• Each of them delivered a new firm

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900 Days In Dumas

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900 Days in Dumas

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Education

• AC-MCC Wind/Renewable Energy Program

• New Intermediate School

• New Football Field

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Infrastructure

• US 87 Overpass

• US 287 Utilities

• Airport Improvements

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Amenities

• New Dumas Aquatic Park

• New Festival Booths

• New Housing

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Holiday Inn Express

Hampton Inn & Suites

La Quinta Cato Fashions

Dollar Tree CVS Pharmacy

Big R 287 Roadhouse

Retail

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Recruitment

Anemometry Specialists

Wells Paint Service

Access CareSierra Engineering

Twisted Fabrications

Written Pole Motors

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Start-Ups

Audio TrixxHigh Plains Management

580 RestaurantCarter Family Practice

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Expansions

Continental Carbon

JBS

Sierra Process Systems

Faria Dairies

Valero

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The Next 900 Days

Business Park Improvements

Green Tech Center

Business Success Center

Wind Training Tower

Business Aviation Park

Business Spec Hangar

Wind Energy Rail Yard

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Current Active Projects• Project Logic- Solar Manufacturer• Project Milk- Dairy Distribution• Project Popcorn- Family Entertainment Center• Project Care- Occupational Medicine• Project Seniors- Assisted Living• Project Steam- Industrial Expansion• Project Tool- Tool & Dye• Project Crane- Wind Energy Service• Project Safety- Wind Energy Service• Project Carrier- Beef Distribution• Project Turbine- Small Wind Manufacturer• Project Gear- Wind Energy Service• Project Dinner- Retail Restaurant• Project Shopper- Retail Discount Store• Project Big Stuff- Wind Energy Parts Manufacturer• Project Omega- Food Industry

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So What?

• Get prepared…

• seek ‘em out…

• work ‘em all…

• get to know them, AND…

• Hang out w/ them over a plate of nachos!

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This is my plug.

(Call me!)