6th annual dinner - wyandot county economic...

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