Competitive Economic Development Budgets Prepared for: June 2010 Prepared by:

Competitive Economic Competitive Economic Development BudgetsDevelopment Budgets

Prepared for: Prepared for:

June 2010June 2010Prepared by:Prepared by:

Competitive Community BudgetsCompetitive Community Budgets

Sheridan, WY $1.4 million for 5-yr. programSheridan, WY $1.4 million for 5-yr. program Gillette, WY $2 million for 5-yr. programGillette, WY $2 million for 5-yr. program Paducah, KY $5.2 million for 4-yr. programPaducah, KY $5.2 million for 4-yr. program Sandusky, OH $1.25 million for 5-yr. programSandusky, OH $1.25 million for 5-yr. program Watertown, SD $1.8 million for 5-yr. programWatertown, SD $1.8 million for 5-yr. program Twin Falls, ID $1.7 million for 5-yr. programTwin Falls, ID $1.7 million for 5-yr. program Rome, GA $2 million for 5-yr. programRome, GA $2 million for 5-yr. program Albany, GA $2.5 million for 4-yr. programAlbany, GA $2.5 million for 4-yr. program Iowa City, IA $4 million for 5-yr. programIowa City, IA $4 million for 5-yr. program Ocala, FL $2 million for 5-yr. programOcala, FL $2 million for 5-yr. program Orange Park, FL $1.5 million for 5-yr. programOrange Park, FL $1.5 million for 5-yr. program

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Forward Sheridan (WY pop. 28,000Forward Sheridan (WY pop. 28,000)) The goalThe goal of economic development in Sheridan County is to increase of economic development in Sheridan County is to increase

the value of and/or the number of transactions that bring money into the the value of and/or the number of transactions that bring money into the county, and to keep that money circulating longer so that the total county, and to keep that money circulating longer so that the total

wealth in Sheridan County grows faster than the populationwealth in Sheridan County grows faster than the population.. Business Business Retention: one-on-one visits to at least 100 businesses annually . Retention: one-on-one visits to at least 100 businesses annually .

Additionally, staff works programs i.e. workforce shortage, housing shortage, Additionally, staff works programs i.e. workforce shortage, housing shortage, child care, etc. are all areas with team is partnering and combining resources child care, etc. are all areas with team is partnering and combining resources with other organizations to effect long-term, community-wide solutions.with other organizations to effect long-term, community-wide solutions.

Business Attraction: targets: information services, back office (small), tourism Business Attraction: targets: information services, back office (small), tourism related, creative/western arts, niche manufacturingrelated, creative/western arts, niche manufacturing

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Paducah, KY (pop. 65,000)Paducah, KY (pop. 65,000)Greater Paducah Economic Development CouncilGreater Paducah Economic Development Council

The Greater Paducah Economic Development Council is a non-The Greater Paducah Economic Development Council is a non-profit entity charged with attracting new investment and creating profit entity charged with attracting new investment and creating new jobs in Paducah/McCracken County, Kentucky. GPEDS.new jobs in Paducah/McCracken County, Kentucky. GPEDS.

Expansion Projects= $ 10,600,000 investment: 257jobs (Mfg 3 Expansion Projects= $ 10,600,000 investment: 257jobs (Mfg 3 Distrb 2 Office 1)Distrb 2 Office 1)

Attraction Projects 28 Attraction Projects 28 7,273 jobs in two years (Mfg 26 Distrb 2 Office 0)7,273 jobs in two years (Mfg 26 Distrb 2 Office 0) Total 34 $9,914,100,000Total 34 $9,914,100,000

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Sandusky County, Ohio (pop. 62,000)Sandusky County, Ohio (pop. 62,000)

Provides financial support for airportProvides financial support for airport Conducts 40-50 existing industry visits/yr.Conducts 40-50 existing industry visits/yr. Facilitate manufacturer’s roundtable, energy Facilitate manufacturer’s roundtable, energy

seminars, marketing activitiesseminars, marketing activities Works closely with city economic development Works closely with city economic development

agenciesagencies Manage enterprise zone activities in countyManage enterprise zone activities in county

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Gillette: Campbell County Economic Gillette: Campbell County Economic Development Corporation (pop. 40,000)Development Corporation (pop. 40,000)

The POWER Initiative provides a marketing effort necessary to sustain and The POWER Initiative provides a marketing effort necessary to sustain and improve the economic performance and vitality of Campbell Countyimprove the economic performance and vitality of Campbell County. Their plan . Their plan focuses on economic development initiatives that will support existing businesses focuses on economic development initiatives that will support existing businesses and at the same time, look to the future to attract quality businesses to the area. and at the same time, look to the future to attract quality businesses to the area.

The 3 main strategies of this 5 Year program are:The 3 main strategies of this 5 Year program are: I. Economic Diversification and SustainabilityI. Economic Diversification and Sustainability Business and Industry RecruitmentBusiness and Industry Recruitment Industry AttractionIndustry Attraction MarketingMarketing Business Retention and ExpansionBusiness Retention and Expansion II. Workforce Recruitment and DevelopmentII. Workforce Recruitment and Development Recruit Skilled Workers and ProfessionalsRecruit Skilled Workers and Professionals Support Local Education and Skill DevelopmentSupport Local Education and Skill Development III. Investor Relations and Community EducationIII. Investor Relations and Community Education Investor ValueInvestor Value Legislative AffairsLegislative Affairs Forums and Annual ReportingForums and Annual Reporting Community EducationCommunity Education

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Watertown, SD (pop. 21,000)Watertown, SD (pop. 21,000)Focus WatertownFocus Watertown

Program is now 10 years old and in 3Program is now 10 years old and in 3rdrd fundraising fundraising campaigncampaign

2003: 1,451 jobs created, thanks to two call centers, 2003: 1,451 jobs created, thanks to two call centers, a major expansion (could have gone south), and a major expansion (could have gone south), and several local expansions.several local expansions.

$115 million in new capital investment: thanks to $115 million in new capital investment: thanks to new ethanol plant built in the city.new ethanol plant built in the city.

Average compensation with benefits is $33,00.Average compensation with benefits is $33,00. Substantial increase in city, school tax revenue and Substantial increase in city, school tax revenue and

millions in revenue for utilitymillions in revenue for utility

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Twin Falls: Southern ID Economic Development Twin Falls: Southern ID Economic Development Organization (pop. 135,000)Organization (pop. 135,000)

Four county ED organizationFour county ED organization Four major locations in last five years since program Four major locations in last five years since program

started.started. Over 20 major expansions, in all over 800 jobs Over 20 major expansions, in all over 800 jobs

created and over $100M in capital investment.created and over $100M in capital investment. In 2003, Southern ID produced 71% of all jobs In 2003, Southern ID produced 71% of all jobs

created in Idaho.created in Idaho. FYI: closest metropolitan area is 125 miles awayFYI: closest metropolitan area is 125 miles away

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Rome/ Floyd County, GA (pop. 91,000)Rome/ Floyd County, GA (pop. 91,000)

Priorities: education, young professional workforce retention Priorities: education, young professional workforce retention and attraction, entrepreneurial development, and economic and attraction, entrepreneurial development, and economic diversification focused on rising local per capita income diversification focused on rising local per capita income levels and other measures of wealth and prosperity.levels and other measures of wealth and prosperity.

Strategies: comprehensive programs in education and Strategies: comprehensive programs in education and training, talent retention and attraction, international training, talent retention and attraction, international development, economic diversification and development, economic diversification and marketing/branding. marketing/branding.

Funds are not for job creation, but rather for programs Funds are not for job creation, but rather for programs

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Albany, GA (pop. 95,000)Albany, GA (pop. 95,000)

Emphasis is Choose Albany programEmphasis is Choose Albany program $ spent on web site and target industry development$ spent on web site and target industry development Concentrate heavily on existing industry Concentrate heavily on existing industry

development and programs related to enhancing development and programs related to enhancing local product.local product.

Money flows through Chamber to development Money flows through Chamber to development commission.commission.

Area has generally be considered poorer than Area has generally be considered poorer than average Georgia counties.average Georgia counties.

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Iowa City, IA (Iowa Area Development Group) Iowa City, IA (Iowa Area Development Group) (pop. MSA 142,000)(pop. MSA 142,000)

Among fastest growing communities in USA.Among fastest growing communities in USA. Strong web site, accentuate relationship with Strong web site, accentuate relationship with

university and technology transfer program.university and technology transfer program. Staff of 5, workforce coordinator, research, existing Staff of 5, workforce coordinator, research, existing

industry, director, and administrative supportindustry, director, and administrative support Target industries: biotech, advanced manufacturing, Target industries: biotech, advanced manufacturing,

IT, renewable energy, educational services (ACT IT, renewable energy, educational services (ACT home)home)

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Ocala/Marion FL County Economic Development Ocala/Marion FL County Economic Development Corporation (320,000 county) (54,000 city)Corporation (320,000 county) (54,000 city)

Goal is to achieve through theGoal is to achieve through the “Elements of Economic “Elements of Economic Development.”Development.” These four elements are retention and expansion, These four elements are retention and expansion, workforce initiatives, community enhancements, and business workforce initiatives, community enhancements, and business attraction.attraction.

Four staff, strong reliance on web siteFour staff, strong reliance on web site Have reporting mechanism that actually states they are losing jobs: Have reporting mechanism that actually states they are losing jobs:

“Between 2007 and 2006, Marion County gained only 173 total jobs “Between 2007 and 2006, Marion County gained only 173 total jobs and lost 231 Private sector jobs. The county had been enjoying and lost 231 Private sector jobs. The county had been enjoying rapid job growth for several years principally driven by the rapid job growth for several years principally driven by the Construction sector.”Construction sector.”

““Between 2006 and 2007, Marion County had a net loss of 101 Between 2006 and 2007, Marion County had a net loss of 101 primary industry jobs. Most of the loss occurred in Manufacturing primary industry jobs. Most of the loss occurred in Manufacturing principally in the construction materials sub-sector. Also, there was principally in the construction materials sub-sector. Also, there was a loss in the Information sector of 179 jobs.” a loss in the Information sector of 179 jobs.”

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Clay County, FL (pop. 180,000)Clay County, FL (pop. 180,000) New emphasis on business retention and expansion as well as New emphasis on business retention and expansion as well as

start up development.start up development. Still have aggressive marketing program (general)Still have aggressive marketing program (general) ““create 10,000 new primary jobs within a twenty year period create 10,000 new primary jobs within a twenty year period

through a multifaceted approach to economic development that through a multifaceted approach to economic development that includes strategies for business retention/expansion, marketing includes strategies for business retention/expansion, marketing and business recruitment, business start up, workforce and business recruitment, business start up, workforce development, enhancing infrastructure, business climate, and development, enhancing infrastructure, business climate, and funding.”funding.”

Florida and US economy have hurt potential results.  Florida and US economy have hurt potential results. 

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Rio Rancho/Sandoval CountyRio Rancho/Sandoval County 6 full-time, President, VP-Business Development, Director-Retention 6 full-time, President, VP-Business Development, Director-Retention

(county paid), Development (PR) Director, Research Director, AA.(county paid), Development (PR) Director, Research Director, AA. $590,000 budget; (city GRT=6.975%); $350,000 salaries, fringes, and $590,000 budget; (city GRT=6.975%); $350,000 salaries, fringes, and

associated with personnel. $50,000 approx.- furniture, fixtures, equipment, associated with personnel. $50,000 approx.- furniture, fixtures, equipment, etc. $190,000- dedicated to recruitment/marketing.etc. $190,000- dedicated to recruitment/marketing.

Approximately 80 private sector investors; 13 at more than $10,000/year.Approximately 80 private sector investors; 13 at more than $10,000/year. Locations include Sprint PCS, Bank of America, Stainless Motors, Insight Locations include Sprint PCS, Bank of America, Stainless Motors, Insight

Lighting, Tri-State Generation and Transmission Cooperative, Inc., Aerobox, Lighting, Tri-State Generation and Transmission Cooperative, Inc., Aerobox, US Cotton, Permacharge, Aeroparts, Lectrosonics, Intersections, e-US Cotton, Permacharge, Aeroparts, Lectrosonics, Intersections, e-

Telecare Global Solutions, Victoria’s Secret,Telecare Global Solutions, Victoria’s Secret, and this year Hewlett Packard and this year Hewlett Packard (1700 jobs)(1700 jobs)

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Mesilla Valley /Las CrucesMesilla Valley /Las Cruces 5 staff: President, Operations Manager, Manager, Business Development, 5 staff: President, Operations Manager, Manager, Business Development,

Research Analyst, AAResearch Analyst, AA Budget: $600,000, marketing-$200,000. Significant support from NMSU, Budget: $600,000, marketing-$200,000. Significant support from NMSU,

city, county (county includes Santa Teresa).city, county (county includes Santa Teresa). Funded by Funded by

public sector partners from the state, county and local levels as well as over 90 private sector businesses.

Recent locations include: Rocket Racers, State Farm claims center, Client Recent locations include: Rocket Racers, State Farm claims center, Client Logic, Convergys, International Expeditors, Menlo Logistics, Volt Logic, Convergys, International Expeditors, Menlo Logistics, Volt Information Sciences.Information Sciences.

Sites include: West Mesa Industrial Park (near airport), Santa Teresa Sites include: West Mesa Industrial Park (near airport), Santa Teresa Industrial Park (privately owned), NMSU business and research park Industrial Park (privately owned), NMSU business and research park (Arrowhead)(Arrowhead)