Building an economy that supports the community’s vision ...
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2017 Annual Report Building an economy that supports the community’s vision of a high quality place to live, work and play.
Transcript of Building an economy that supports the community’s vision ...
2017Annual Report
Building an economy that supports the community’s vision of a high quality place to live, work and play.
2BrookingsEDC.com
TABLE OF CONTENTS
Our Team
3 4-5 6-7
Work Program Business DevelopmentMeet the 2017 Board
of Directors and Staff Brookings County Comprehensive Economic Development Strategy
Business recruitment, retention and expansion programs
8-9
Workforce DevelopmentCareer awareness and recruitment and retention strategies 10-11
Entrepreneur SupportProviding resources for entrepreneurs and start-ups 12-13
Vision BrookingsResults of the campaign and funded initiatives
14-17
Community HighlightsMetrics for economic growth and development
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OUR TEAM
2017 Board of DirectorsTim Peters - President (MetaBank)Carla Gatzke - Vice President (Daktronics)Randy Hanson - Secretary/Treasurer (Mills Construction)Kevin Tetzlaff - Past President (First Bank & Trust)Amiel Redfish (Mayor of Arlington - Regional Cities) Andy Johnson (Mills Development)Dan Hansen (Brookings City Council)Jason Merkley (Brookings Health System) Lee Ann Pierce (Brookings County)Reva Johnson (Brookings Area Chamber of Commerce)Tim Harvey (Brookings Municipal Utilities)Victoria Blatchford (Wells Fargo)Will Aylor (South Dakota State University)
StaffAl Heuton - Executive DirectorKristi Larsen - Marketing DirectorJennifer Quail - Director of Entrepreneur SupportStacy Aesoph - Director of Workforce Development
Smart and Balanced Growth
Competitive Business Environment
Economic Prosperity
High Quality Community
Informed decision making and thoughtful processes are the guideposts for future growth and development.
Assemble the resources and amenities that will allow businesses to flourish.
Create household, business and community wealth.
Create an environment and amenities that establish the community as a people destination.
BROOKINGS COUNTY COMPREHENSIVE ECONOMIC
DEVELOPMENT STRATEGY
High Performance CommunityDevelop Brookings County and communities as role models in all aspects of “community”.
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WORK PROGRAM
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3
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Grow the economy of the future Connect people with career opportunities
Develop a culture of innovation and entrepreneurship
Lead economic development collaboration efforts
Develop and recruit next generation industry sectors.
Position existing industry for growth.
Develop an exceptional support system.
Build the pipeline of entrepreneurs and increase small business starts.
Position Brookings as a startup community of choice.
Establish a workforce development and supply system.
Support cultural change initiatives.
Support housing and amenity development programs.
Coordinate monthly Leader Roundtable and facilitate future leaders discussion.
Manage Vision Brookings program.
Collect and monitor community input and economic data.
SelectiveEducation and training
Networking and connections
Advice and mentorship
Funding opportunities
Ecosystem of local service providers
Available sites database
Develop and recruit next generation industry sectors
Position existing industry for growth
Targeted industry research Selective recruitmentBuilding industry connectionsMarket Brookings as a unique locationActive adult retirement community developmentBrookings/SDSU precision agriculture business development strategy Retail recruitment program
Free and confidential consultationsExpansion and retention assistanceAvailable sites databaseFacilitate industry/SDSU connectionsPublic policy effortsFinancial assistance programs Demographic and market highlightsCommunity collaboration and strategic planning
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BUSINESS DEVELOPMENTCultivating new opportunities and growing existing relationships
by capitalizing on the area’s unique assets.
Business Prospects
67 Recruitment
Businesses Assisted
84 Retain/Expand
Retail Grants
7Awarded $50,000
Small Business Loan Fund
2 Loans$75,000
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A SAMPLING OF NEW & EXPANDING BUSINESSES
16+Expanding Businesses
21+New Businesses
Hitch StudioCottonwood CoffeeBrookings Engraving
Knutzen Family DentistryCarrot Seed
Performing Arts CenterBrookings Built Green SDSU Wellness Center
Flavor Internationalb.well Brookings
Ally Wurts Photography
Midwestern BioAgMama Mia
Kool Beans CoffeeYour Special Day
Good Vinyl GraphicsUpstream Coffee
Marco’s PizzaWok and Go
WH Stables LLCJoAnn
Champion Health
No Illusions Martial ArtsSpoke-N-Sport
Found by Funky JunkJohnson Design & Video
Express Interim Healthcare
Helping Hand MoversMattress by ApptFairway Mortgage
House of HandsomeSDSU Animal Research
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WORKFORCE DEVELOPMENTCreating awareness of career opportunities and implementing
retention and recruitment strategies.
Workforce Training and Education PartnershipAfter three years of growing success with the South Dakota Education Campus, BEDC was presented with a new opportunity to partner with Lake Area Technical Institute to greatly enhance the provision of a sustainable suite of workforce education and training opportunities. As part of the expansion of LATI services in Brookings, the school has an offi ce at the CTE building at Brookings High School and also announced the “Opening Doors” partnership with SDSU last year.
SITE VISITS JOBS POSTED
45,522157% Increase
20,563 Users
82549% Increase
90Employers
SOCIAL MEDIAMARKETING
2,775Followers
305Followers384% Increase
21% Increase
12,511Digital Ad Responses
1.66MImpressions
1.66M1.66M
LiveinBrookings.comOne-Stop-Shop for Community Info & Job Postings
EmployersAssisted
122Industry Needs
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BEYONDCONNECTIONS
Plant ClosingsSDSUTechnical SchoolsHigh Schools
Student SurveyClassPresentationsCollaboration
WORKFORCECONFERENCE
EMPLOYERRESOURCES
CAREERFAIRS
SDSU OUTREACH
80Attendees
21Speakers
8Events
155 AttendeesExisting residents
connecting & welcoming new residents
Day long conference covering best practices
and useful tools
CommunityMarketingWorkforce ResearchJob PostingsInfo Blasts
Free consulting and business plan assistance
Education and training
Networking, connections and mentorship
Funding opportunities
Ecosystem of local service providers
Available sites database
Brookings Area Makerspace
The Startup One-Stop-Shop
BUILDING THE ENTREPRENEURIAL COMMUNITYEncourage, support and nurture entrepreneurs of all ages.
COMING SOON
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ENTREPRENEUR SUPPORTConnecting entrepreneurs and startups to all the resources
needed to move their ideas forward.
A
M
I N N O V A T E
M
K
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E AD R
U
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147 Entrepreneurs
Assisted
Youth Entrepreneur ProgramAn age appropriate, accessible program to introduce entrepreneurship to 4th & 5th graders; encourage creative thinking, problem solving and being resourceful; and provide a platform to explore being an entrepreneur.
NEW!
Middle School Entrepreneurship Camp
BROOKINGS AREA MAKERSPACE
Shared workshop and community space with tools and equipment (3D printers, wood shop, laser engraver, industrial sewing machine and more) for startups, entrepreneurs, inventors and innovators.
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PROGRAMS & EVENTSIn addition to these BEDC-specifi c initiatives, the organization is leading collaborative eff orts
with SDSU, community organizations and entities to locate, educate and engage entrepreneurs.
73Total Members
32SDSU Student
Members
Pop-up Markets
Idea Competition
Kid-Preneur Market
Maker Festival
Open Spaces Tour
SDSU Connections
40450$2100
26300+
25$2500
3 38550
Meetings with deans and faculty; class and club
presentations
Walking tour of downtown available spaces
12 participants
Attendees
Markets Held
Vendors
Ideas
Prize Money
Kids
Sales
Exhibits
Attendees
Attendees
EnhancedWebsite
StartupBrookings.comResources, spotlights, event
calendar and community directory
MakingBrookings.com
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VISION BROOKINGSA private sector economic growth initiative for the Brookings region.
WORKFORCE DEVELOPMENT
ENTREPRENEUR SUPPORT
BUSINESS EXPANSION
RESEARCH PARK AT SDSU
Retain, attract and educate a sustainable workforce for employers.
Identify, engage and promote entrepreneurship and small business success.
Cultivate new opportunities and grow existing relationships.
Leverage state support to complete land replacement.
33%
11%
24%
24%
INVESTMENT PRIORITIES
8%Fundraising/Administration
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CAMPAIGN RESULTSVision Brookings is leading the region in the creation of shared progress
and success while positioning the area for future growth and development.
V I S I O N
TIMELINE PROCESS GOAL RESULTS INVESTORS LEADERSHIP
Vision Brookings I 2006-2010Vision Brookings II 2012-2016Vision Brookings III 2017-2021
The campaign was managed in-house by BEDC, saving investors an estimated $200,000.
124 Investors
47
Board of Advisors Investors at $50,000 and upManagement Committee Nine-person investor group allocating funds
$2.5Million
$2.58Million
New Investors
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COMMUNITY HIGHLIGHTS
City Population
Population and Employment
23,895
34,135
8.3%
Source: U.S. Census 2016 Estimates
Since 2010 Census
6.8%Since 2010 Census
County Population
Median Household Income
County Employment
Households8,429
Households12,361
Median Family Income
$47,060 19.4%
Since 2010 Census
$74,94511.8%
Since 2010 Census
7.5% - All Families19.5% - All People 9.7% - Excluding Off-Campus College Students
Poverty Rate
18,494
Source: Bureau of Labor Statistics
1,7113.3%
UnemploymentRate
Workers - Dec. 2016More JobsThan 2012
Establishments (2016)
Private Sector Industry # Employees Change Since 2012
Natural Resources/Mining 41 421 +3.2%
Manufacturing 42 4,348 +6.2%Leisure & Hospitality 107 2,080 +5.7%
Education & Health 95 1,135 +6.6%Construction 126 946 +46.7%Prof. & Business Services 161 918 +22.5%
Trade, Transp., Utilities 241 2,836 +14.7%
Financial Activities 105 690 +12.7%Information 20 135 -10.0%Other 67 453 +13.8%
TOTAL (incl. Gov’t) 1,070 18,494 +10.2%
54 10
22 86Total
ApartmentUnits
TownhouseUnits
Single-FamilyHomes
778Ten Year Totals
135 723
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COMMUNITY HIGHLIGHTSResidential and Commercial Construction
$16.9M Residential
$21.9M Commercial
488 BuildingPermits
Single-FamilyHomes
Townhouse &Duplex Units
Apartment Units
$211.9M Residential
$265.8M Commercial
Note: Statistics do not include SDSU construction projects.
$594,589,994
$621,089,365 $633,836,213
$658,829,668
$671,463,789
$540,000,000
$560,000,000
$580,000,000
$600,000,000
$620,000,000
$640,000,000
$660,000,000
$680,000,000
2013 2014 2015 2016 2017
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COMMUNITY HIGHLIGHTS
Total Taxable Sales
2017 Taxable Sales
$18.7M CONSTRUCTION
$79.7M MANUFACTURING
$356.3M RETAIL
$99.5M SERVICES
4.7% 16.1% 0.7% 7.8%
#1
NicheBest School Districts in S.D.#2
Schools.com
Top College Towns in America
#8
#1
#25
Beautiful Small Town in S.D.USA Today
Best Cities for Entrepreneurs in AmericaLivability/Entrepreneur
Most LGBTQ-Friendly Community in S.D.Human Rights Campaign Foundation
#1
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ON THE MAP IN 2017Community Awards & Accolades
NicheBest Places to Live in S.D.
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Perfect KeynoteBusiness Presentation
BrookingsEDC.com Corporate SiteBuildingBrookings.com Business Development LiveinBrookings.com Workforce Recruitment/RetentionStartupBrookings.com EntrepreneurshipMakingBrookings.com MakerspaceVisionBrookings.com Economic Development Initiative
FACEBOOK BrookingsEconomicDevelopment, JobsinBrookings, BrookingsBeyondConnectionsTWITTER @BrookingsEDC INSTAGRAM LiveinBrookingsYOUTUBE Brookings Economic DevelopmentLINKEDIN Brookings Economic Development
ONLINE
2301 Research Park Way Ste 113 Brookings, SD 57006(605) 697-8103
2301 Research Park Way Ste 113 Brookings, SD 57006
