REDE ED Profs Rock Presentation

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Slide1: 

Regional Economic Development Professionals Accelerated Learning Series: Rock County Presenters: James Otterstein, Rock County Pat Schramm, Workforce Development Board Accelerated Learning Series: Follow-up Presenter: Matt Kures, UW-Extension

Slide2: 

Capital Region

Well Connected & Centrally Located: 

Well Connected andamp; Centrally Located 1 hr. to Global III 1.25 hr. to Milwaukee 1.5 hr. to Chicago 5 hr. to Twin Cities 5 hr to St. Louis 5 hr. to Indianapolis 5 hr. to Des Moines 6.5 hr. to Louisville 6.5 hr. to Detroit Rock County

Transportation Network: 

Transportation Network I-39 / I-90 andamp; I-43 USH 14 andamp; USH 51 7 State Highways 3 Rail Providers – UPRR, WSOR andamp; IEC Public Transit Systems – Inter andamp; Intra Southern WI Regional Airport (JVL) Rock County

Quick Facts: 

Quick Facts Population – 158,525 9th Largest WI County County Seat - Janesville (62,540) 9 Villages / Cities (Brodhead Green andamp; Rock) 20 Towns Rock County

Labor Market Overview: 

Labor Market Overview Local Labor Force – 85,000 +/- Regional Labor Force – 650,000 + Unemployment Rates – 5.1% +/- Labor Force Participation Rates – 67.1% Ave. Travel Time to Work – 20.3 minutes Commuting Patterns – 77% live andamp; work in Rock Co.; 22% work in other WI counties or cross IL/WI line Rock County

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Slide8: 

Capital Region Labor Force Rock County

Slide9: 

Rock County

Labor Market Overview: 

Labor Market Overview Beloit College (4 YR Liberal Arts) Blackhawk Technical College  Two Campus Locations  Logistics andamp; Supply Chain Mgt. Certificates University of Wisconsin – Rock County  Local 4-YR Engineering Program 8 K-12 School Districts  14.49 Ave. Pupil / Teacher Ratio  21.29 Ave. ACT Score Rock County

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Industry Share of Economic Base Jobs in Capital Region Rock County

Slide12: 

Industry Share of Economic Base Jobs in Rock County Rock County

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Industry, Employment, Establishments, Payroll and Concentrations - Rock County, WI 2005 Source: Quarterly Census of Employment and Wages (ES-202), Bureau of Labor Statistics/WI DWD S = Suppressed data

Largest Employers: 

Largest Employers Mercy Health System General Motors Janesville School District Rock County Beloit School District Lear Corporation Lab Safety Supply, Inc. Blackhawk Technical College Frito-Lay SSI Technologies Wal-Mart ABC Supply Co. Lemans Corporation Woodman’s City of Janesville Beloit College Riverview Clinic Kerry Americas Alcoa Wheel’s Int’l. Fairbanks Morse Prent Corporation Seneca Foods Corp. City of Beloit NothelferGilman Hufcor, Inc. Rock County

Industry Name Plates: 

Industry Name Plates

Economic Trends: 

Economic Trends 5.69% Average Annual Equalized Property Values (’00-’06)  Residential – 71%  Commercial – 17.4%  Industrial – 3.4% Median Sale Price of SF Home - 35% Increase (’00-’06)  2006 Ave. Sale Price - $136,257; Median Sale Price $128,000  New SF Home Permits – 726 (’05-’06 average) Commercial andamp; Industrial Projects  8 Million + Commercial SF Constructed (‘03-’06)  $86.3 M Commercial Value Added (’05-’07)  $247 M Industrial Value Added (’05-’07) Rock County

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Slide19: 

2005-2015 Capital Region Industry Supersectors – Top 5

Slide20: 

2005-2015 Rock County Industry Supersectors – Top 5

Slide21: 

2005-2015 Capital Region Industry Supersectors

Slide22: 

2005-2015 Rock County Industry Supersectors

Business & Industrial Parks: 

Business andamp; Industrial Parks Predominately Publicly Owned  25 Parks Countywide = 900 +/- Total Acres  3 Privately Owned  3 Public / Private Partnerships EZ I-System Access andamp; Visibility  10 w/in 1.5 Miles to Interstate I-39 / 90 andamp; I-43 TIF Districts andamp; Tax Credit Zones Rail / Air Service Access Lot Sizes Range (1-225 Acres) Rock County

Industrial Building Portfolio: 

Industrial Building Portfolio 30 M + SF Countywide Market Mixture of National andamp; Local Tenants Increasing % Investor v. Company Owned High Absorption, Low Vacancy Local, Regional andamp; National BTS Activities  400k SF Spec Space (2007-2008)  Redevelopment andamp; Greenfield Projects Rock County

Regional Partnerships: 

Regional Partnerships Planning andamp; Transportation  MPOs, 208 Water Quality Tech. Committee  SLATS andamp; WI River Rail Transit Commission  Strategic Plan Housing  Rock County HOME Consortium Workforce  SW WDB Economic Development  Collaboration Council  Rock Co. Development Alliance andamp; I-39 Logistics Corridor Association  Capital Ideas Technology Zone Tourism  Rock County Tourism Council Rock County

Follow-up: Agriculture: 

Follow-up: Agriculture Presenter: Matt Kures, UW-Extension

Agricultural Production Employment in the Capital Region - 2005: 

Agricultural Production Employment in the Capital Region - 2005 Source: Bureau of Economic Analysis and UW-Extension Center for Community andamp; Economic Development *Includes both Farm Proprietors and Hired Farm Labor

Agricultural Related Employment USDA’s Economic Research Service (ERS) Definitions: 

Agricultural Related Employment USDA’s Economic Research Service (ERS) Definitions Farm Production Farm proprietors Wage and salary farm workers Closely-Related Industries Agricultural Services Agricultural Input Industries (chemicals, farm machinery, commodity dealers, etc.) Agricultural Processing and Marketing (food and beverage manufacturing, textiles, leather products, food product packaging, agricultural warehousing) Peripherally-related Industries Agricultural Wholesale and Retail Trade (ag. product wholesalers, grocery stores, restaurants, etc.) Indirect Agribusiness (containers for ag. products, miscellaneous textiles, food manufacturing machinery)

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Agricultural Related Employment in Dane County (41,700 jobs*) Using the Economic Research Service Definitions In Dane County: Farm Production Employment = 1.1% Agricultural-Related Employment = 11.5% *2003 Figures Source: USDA ERS, and UW-Extension Center for Community andamp; Economic Development

Slide30: 

Capital Region’s Agricultural Cluster Agricultural Production Grain, Vegetable and Fruit Production Dairy, Poultry and Livestock Production Food and Beverage Manufacturing (Animal Processing Dairy Products, Animal Food, Bakeries, Beverages, Fruit, Vegetable and Grain, Processing, etc.) Agricultural Processing Bio-fuels (Ethanol and Bio-Diesel) Supporting Educational, Research and Development Organizations Customers (Food Service, Retail, Institutions, Wholesale, etc.)

Farm Proprietor’s Income and Expenses in the Capital Region (2005): 

Farm Proprietor’s Income and Expenses in the Capital Region (2005) $ 4,769 = Average Farm Proprietor Income 16,426 ÷ Number of Proprietors $ 78,338,000 = Farm Proprietor Income $ 52,040,000 - Corporate Farm Income $ 130,376,000 = Total Farm Income $ 54,707,000 + Inventory Adjustment $ 75,669,000 = Net Income $ 1,878,495,000 - Total Expenses $ 1,954,164,000 = Receipts and Other Income $ 265,458,000 + Government and Miscellaneous Income $ 1,688,706,000 Cash receipts from marketings Total Income or Expense Category Source: Bureau of Economic Analysis and UW-Extension Center for Community andamp; Economic Development

Slide32: 

Source: 2002 Agricultural Census and UW-Extension Center for Community andamp; Economic Development

Slide33: 

Source: 2002 Agricultural Census and UW-Extension Center for Community andamp; Economic Development

Slide34: 


Thank you!: 

Thank you! Upcoming presentations: Green, Iowa, and Lafayette Counties, June 14, 2:00-4:00pm, location TBA Columbia and Sauk Counties, July 11, 2:00-3:30pm, Portage Questions/ Comments: James Otterstein Economic Development Manager Rock County ED Agency P.608.757.5598 / F. 608.757.5586 otterste@co.rock.wi.us www.rockcounty.org

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