BizRetPresentation Final

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Let’s get started… Please Be Seated

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Presented by: David Miller Executive Director Barron County Economic Development Corporation (BCEDC) Prepared by: Geri Petersen Economic Development Consultant Wisconsin Department of Commerce cover 1

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BARRON COUNTY WISCONSIN BUSINESS RETENTION & EXPANSION REPORT Echo Lake 2

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Types of Business (Top 6) 4

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Types of Business (Top 6) WISCONSIN COMPOSITE DATA 5

Location of Corporate Headquarters: 

Location of Corporate Headquarters 6

Ownership of Facility: 

Ownership of Facility 7

Year Business Established: 

Year Business Established 8

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Plans for Expansion: 

Plans for Expansion 10

Plans to Move: 

Plans to Move Yes: No: Possible: 11% 83% 6% 6% 86% 8% Barron Co. Composite 11

Plans to Shut Down: 

Plans to Shut Down Possible: Remote: Non Existent: 9% 39% 52% 13% 41% 44% Barron Co. Composite Examples: major corporations / decisions made by corporate headquarters 12

Supplier Locations: 

Supplier Locations 30% 13

Recommendation:Business Retention: 

Recommendation: Business Retention Meet with retiring business owners to assure minimal loss of commerce Offer assistance with succession planning 8 in countywide study—all 8 have been contacted RL-contacted by its Survey Committee BCEDO and BCEDC representatives will work with businesses and provide county, state, and federal program information that may assist with their needs 14

Recommendation:Business Expansion & Start-up: 

Recommendation: Business Expansion & Start-up Advise business contacts of new programs available through the State of Wisconsin Wisconsin Entrepreneurship Network (WEN) Q-2-3-4… Wisconsin Innovation Network (WIN) Qtr 2-2005…. Angel Investing Network RL I&S Committee….. WI Common Market QTrs 2-3-4 and Qtrs 1-4 in 2006 WCM Countywide portal for application processing (10) 15

Recommendation:Business Expansion & Start-up: 

Recommendation: Business Expansion & Start-up Develop a system to communicate grant and loan information available through the State that are designed to foster new and expanding businesses Communicate entities available to assist with business development planning BCEDO Local units of government State of Wisconsin Dept. of Commerce Small Business Development Center Wisconsin Women’s Business Initiative Corp. CAP Services Watch for these features on the BCEDC website. 16

Recommendation:Business Attraction: 

Recommendation: Business Attraction Use the Location One Information System (LOIS) Qtr 2-3-4 All of 2006 Existing buildings and land available for development Recruitment toolkit ED office will enter data and provide data to the West Central WI Regional Planning Commission Industrial sites Existing available buildings ED office will provide data forms to jurisdictions 17

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18 Retail

Customer Location: 

Customer Location 19

Customer Numbers: 

Customer Numbers 20

Government Contracts: 

Government Contracts 21

Competitor Locations: 

Competitor Locations 22

Market Share: 

Market Share 23 New Products……. A….Cowasaki… from Iowa…..

Negative Factors Impacting Product Development - Top 6: 

Negative Factors Impacting Product Development - Top 6 24

Recommendation:Economic Development Marketing: 

Recommendation: Economic Development Marketing Continue the public awareness/education campaign Presentations to civic groups Articles in newspapers/bulletins Press releases Online Newsletter: Active in July and available on www.barroncounty.com as BCEDC NEWS Online History: Active in August as SUCCESS STORIES also on www.barroncounty.com 25

Recommendation:Economic Development Marketing: 

Recommendation: Economic Development Marketing Promote the county and its communities through the annual “Barron County Economic Development Integrated Marketing Communication Plan” Annual Integrated Marketing Communications (IMC) 5 – step program Increasing awareness of economic development opportunities Building awareness and support – local, regional, statewide Increasing business base of Barron County Improving the employment in Barron County Building relationships 26

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Difficulty with Recruiting: 

Difficulty with Recruiting 28

Factors Affecting Recruiting: 

Factors Affecting Recruiting 29

Unfilled Positions: 

Unfilled Positions 30

Recommendation:Workforce Development: 

Recommendation: Workforce Development Provide WITC – Rice Lake and UW Barron County Campus with educational and training needs identified in the survey Include similar responses indicated in the countywide Labor Market Study (2005) Expand small business workshops “How to Start a Business” WITC – Rice Lake, October 11, 18, & 25 Government contract seminar Marketing workshops Provide business with information on educational and training resources 31

Recommendation:Workforce Development: 

Recommendation: Workforce Development Assist workforce agencies and businesses to develop employee training noting deficiencies identified in the survey Assist local educators, including high schools, technical colleges and universities, in developing programs to meet the employee training needs of local businesses 32

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33 $ $ $ $$$ $$$

Gross Sales: 

Gross Sales 34

Recommendation:Capital Resources: 

Recommendation: Capital Resources Advise businesses requiring funding for start-ups and expansions of various resources available Emphasize use of the Revolving Loan Funds (RLF) available Expand local RLF programs Explore feasibility of new financial incentive programs Emphasize use of local credit unions and their assistance programs Work with communities to leverage Tax Increment Financing, local banks, state and federal programs, etc. to provide needed incentives to assist with expansions and recruitment 35

Recommendation:Capital Resources: 

Recommendation: Capital Resources Continue to explore: Development of Angel investor networks Venture Capital Relationships with Wisconsin Innovation Network (WIN) Member Wisconsin Entrepreneurship Network (WEN) --- BCEDO is one of two county portals UW-BC Wisconsin Inventor’s Network / WI Common Market “…Assist with local banks to develop strategies that promote small-businesses start-ups, expansion, and retention..” 36

Recommendation:Technology & Sales: 

Recommendation: Technology & Sales BCEDO will work with the county’s utilities, telecommunication companies and municipalities to provide services needed to meet the needs of businesses as they link technology with sales. ED office will continue its telecommunications survey of the county with emphasis of available connectivity pertaining to industrial sites (October 2005) BCEDO will develop strategies for building technology based business to support existing businesses through its relationship with WIN, WITC and UW Barron County 37

Recommendation:Technology & Sales: 

Recommendation: Technology & Sales Continue to update and upgrade technological paths through the Barron County Economic Development website www.barroncounty.com Introduce and email based newsletter that will feature regional and statewide technology initiatives, including operations and sales Qtr 1-- 2006) 38

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Satisfaction with Infrastructure: 

Satisfaction with Infrastructure Water supply/pressure: Sewer services: Phone lines: Data lines: Wireless services: Law enforcement protection: Fire protection capabilities: Traffic lights, one-ways, signage: Code enforcement efforts: 100% 92% 100% 94% 77% 94% 98% 75% 90% Some complaints of pot holes, flash flooding, snow removal & street cleaning. 40

Opinion of Economic Development Efforts: 

Opinion of Economic Development Efforts 41 Q. The Q read... How would rate local municipal economic development efforts?

Opinion of (local municipal) Economic Development Efforts: 

Opinion of (local municipal) Economic Development Efforts WISCONSIN COMPOSITE DATA 42

Opinion of Local Government: 

Opinion of Local Government 43

Opinion of Local Government: 

Opinion of Local Government WISCONSIN COMPOSITE DATA 44

Opinion of County and State as a Place to do Business: 

Opinion of County and State as a Place to do Business 45

Recommendation:Infrastructure: 

Recommendation: Infrastructure A taskforce will be established to direct concerns regarding traffic lights, controlled traffic flow and signage to the leadership of the respective Cities and Villages 46

Recommendation:Communication: 

Recommendation: Communication Continue to be the central contact for countywide economic development inquiries and pass along such inquiries when they become jurisdiction specific ED office will work with state, countywide economic development entities, and municipalities regarding start-up, retention, and expansion or relocation business contacts ED office will work with businesses desiring ECommerce visibility by facilitating their entry on such marketing sites as the “Wisconsin Common Market” 47

Recommendation:Communication: 

Recommendation: Communication Develop a media plan for communicating projects and accomplishments of economic all the development organizations, area businesses and communities: Online newsletter started in July ADDED NEWS & SUCCESS STORIES Pages ED office will continue to incorporate this path into the annual Barron County Marketing Plan 48

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WISCONSIN BUSINESS RETENTION & EXPANSION REPORT 49 Thank you!! Have a great day.

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cover 50

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http://www.wispro.org/ Wisconsin Procurement Institute November 16 Selling IT November 17 Supply Chain November 18 Fed.Supply Chain