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Transcript of Iowa State University Retail Trade Analysis Program O’Brien Economic Consulting Meghan O’Brien...
Iowa State University Retail Trade Analysis Program
Economic and Place Impacts of the Iowa Great Places Program
Iowa State University Retail Trade Analysis Program
O’Brien Economic Consulting
ANALYZE THE PERFORMANCE OF IOWA GREAT PLACES
SOME PERFORMANCE IS QUALITATIVE NOT QUANTITATIVE
IMPACTS FAR REACHING, SOME INDICATORS ARE LAGGING
Report Methodology
Iowa State University Retail Trade Analysis Program
O’Brien Economic Consulting
DEMOGRAPHICS POPULATION, SCHOOL ENROLLMENT
ECONOMIC STABILITY INDICATORS EMPLOYMENT, ENTREPRENEURSHIP, RETAIL
TOURISM IMPACTS RETAIL CATEGORIES, HOTEL TAX REVENUE, TOURISM EXPENDITURES
Report Methodology
Iowa State University Retail Trade Analysis Program
O’Brien Economic Consulting
GREAT PLACES COMMUNITIES OUTPERFORMING PEER GROUP
IMMEDIATE RESULTS IN CERTAIN SECTORS
DRIVER OF ECONOMIC GROWTH
Key Findings
Iowa State University Retail Trade Analysis Program
O’Brien Economic Consulting
1,012 CONSTRUCTION JOBS CREATED
707 PERMANENT JOBS CREATED
COST OF JOB CREATION: $9,000 PER JOB
ROI OF 300 PERCENT
Key Findings
Iowa State University Retail Trade Analysis Program
O’Brien Economic Consulting
FIRST PERFORMANCE MEASURE REFLECTS PERFORMANCE SINCE
DESIGNATION
SECOND MEASURE REFLECTS THE OVERALL TREND
Summary Tables
Summary of Findings
Great Place Population School Enrollment Employment
Clinton Above Average/StableAbove Average/Increasing
Above Average/Increasing
Coon Rapids Average/Stable Above Average/StableAbove Average/Increasing
Sioux City Average/Increasing Average/Stable Average/Stable
Adams CountyBelow Average/Declining Average/Declining
Above Average/Increasing
Dubuque Average/Stable Superior/Increasing Average/Increasing
Fairfield Average/DecliningBelow Average/Declining Average/Increasing
Guttenberg Average/Stable Average/Stable Average/Increasing
Jackson County Average/Stable Superior/Increasing Average/Stable
Mason CityBelow Average/Declining
Below Average/Declining
Below Average/Declining
Summary of Findings
Great Place
Retail Pull Factor
Potential Sales Sales Capacity Per Capita Sales Retail Firms
ClintonAbove Average/Increasing
Above Average/Increasing
Above Average/Increasing
Above Average/Increasing Superior/Increasing
Coon Rapids
Above Average/Increasing
Above Average/Increasing
Above Average/Increasing
Above Average/Increasing
Above Average/Increasing
Sioux CityAbove Average/Increasing
Above Average/Increasing
Above Average/Increasing
Above Average/Increasing
Above Average/Increasing
Adams County
Average/Increasing
Average/Increasing
Average/Increasing
Average/Increasing
Above Average/Increasing
Summary of Findings
DubuqueSuperior/Increasing
Superior/Increasing
Superior/Increasing
Superior/Increasing
Superior/Increasing
FairfieldAverage/Stable Average/Stable Average/Stable Average/Stable
Above Average/Increasing
GuttenbergAverage/Increasing
Average/Increasing
Average/Increasing
Average/Increasing Average/Increasing
Jackson County
Average/Increasing
Average/Increasing
Average/Increasing
Average/Increasing
Above Average/Increasing
Mason City
Above Average/Increasing
Above Average/Increasing
Above Average/Increasing
Above Average/Increasing
Above Average/Increasing
Great PlaceRetail Pull Factor
Potential Sales Sales Capacity Per Capita Sales Retail Firms
Summary of Findings
Great Place
Hotel Tax Revenue
Specialty Retail Sales
Tourism Dollars Tourism Employment
ClintonSuperior/Increasing Superior/Increasing Superior/Increasing Superior/Increasing
Coon Rapids N/A Average/Increasing Average/Increasing Average/Increasing
Sioux CitySuperior/Increasing Superior/Increasing Superior/Increasing Superior/Increasing
Adams County N/A Average/Increasing Average/Increasing Average/Stable
Summary of Findings
DubuqueSuperior/Increasing
Above Average/Increasing
Above Average/Increasing Stable/Declining
FairfieldAverage/Declining
Above Average/Increasing Stable/Increasing Average/Stable
GuttenbergSuperior/Increasing Average/Increasing Average/Increasing Average/Stable
Jackson County
Average/Increasing Average/Stable Average/Increasing Average/Increasing
Mason CitySuperior/Increasing
Above Average/Increasing
Above Average/Increasing
Above Average/Increasing
Great PlaceHotel Tax Revenue
Specialty Retail Sales
Tourism Dollars Tourism Employment
Summary of Findings
This program provided inertia for many other economic development efforts.
Great Places Program is model for economic development in a rapidly evolving macro economy.
Creates opportunities for synergies and partnerships, previously not exploited.
For More Information:
The full report is available on the Iowa Great Places website.
Meghan O’Brien O’Brien Economic Consulting