Coffee Talk Series A Chamber Advocacy in Action Program We Mean Business

Transcription

1 Coffee Talk Series A Chamber Advocacy in Action Program We Mean Business Marathon County Economic Update with MCDEVCO Agenda Welcome (8:00 AM) Joe Mella, Business Advocacy Chair Marathon County Economic Overview Brad Karger, Marathon County Administrator Marathon County Development Corporation (MCDEVCO) Presentation Jim Warsaw, MCDEVCO Executive Director North Central Wisconsin Workforce Development Board Presentation Rene Daniels, NCWWDB Executive Director Question & Answer Session Conclusion (9:00 AM) Coffee Talk Series Sponsors:

2 Coffee Talk Series A Chamber Advocacy in Action Program We Mean Business - Brad Karger - Marathon County Administrator Administrator Brad Karger is the Chief Administrative Officer of the County, and as such, prepares the annual executive budget and its communication to the County Board. He coordinates and directs all administrative and management functions of county government not otherwise vested by law in boards, commissions or other elected officers. By Statute he appoints most of the members to various boards and commissions. Coffee Talk Series Sponsors:

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4 Brief History of MCDEVCO The Development Corporation of Marathon County was formed in 1979 by a group of Marathon County businessmen & women, led by G. Lane Ware, a partner with the Ruder Ware Law Firm. The name was later changed to Marathon County Development Corporation, which is now referred to as MCDEVCO Inc. MCDEVCO Inc. is a unique 501(c)3 that represents a private public partnership. Financial support comes from Marathon County, Corporate & Individual membership dues and fee income derived from loan servicing and other programs offered to support developing businesses throughout the county. Our mission and vision have not changed.

5 Mission & Vision Statements Our Mission Aggressively foster local business competitiveness. Encourage and develop local entrepreneurs. Recruit successful companies & their employees to Marathon County. Our Vision Create a business friendly environment where citizens can achieve maximum economic and personal growth and have access to World Class medical care.

6 MCDEVCO Board Structure & Officers Our Board has equal representation from Marathon County municipalities and local business leaders. Leadership is rotated among government officials and business representatives Officers & Executive Committee Steve Immel President Jeff Zriny 1 st Vice President Jeff Voigt 2 nd Vice President Fred Lundin Treasurer Jim Warsaw Secretary

7 Strategic Themes Provide GAP Funding for Sustainable Economic Development Projects. Support Workforce Development. Infrastructure. Branding & Marketing. Community Empowerment. Business Retention & Expansion.

8 Marketing and Promotions BuyMarathonCounty.com Annual Manufacturing Appreciation Dinner in October Regional Promotion of Site Selectors & Developers International Council of Shopping Centers (ICSC) Chicago, Las Vegas & Wausau Marathon County Branding Efforts County & Municipalities

9 The Brand in Action Three of four monument signs have been placed along major highways entering Marathon County from N, S, & W. A westbound location will be installed in October along Hwy 29.

10 Examples of the Brand in Action

11 Career Events Workforce Power Development of Now Introduced the Heavy Metal Bus Tour in In 2014, under the direction of NCWWDB, over 3,200 students visited 45 businesses in a 5 county area. Collaborated with NTC in developing Manufacturing 101, an educational program for shop floor employees. Provided financial assistance to UWSP Professor in developing training kits that will be used to introduce Nanotechnology to Marathon County Senior H.S. students in Worked jointly with the Wausau Region Chamber of Commerce in creating the Workforce Hub Initiative. Addresses the needs of various industry sectors such as Central Wisconsin Metal Manufacturers Association (CWIMMA). Collaborates with Workforce Development Board and WSP staff to recruit and retain IT professionals.

12 Community Empowerment Oversees the Municipalities Agreement, which provides a collaborative framework for Municipal Partners to competitively pursue economic development projects within the region. Encourages sharing of resources for the benefit of all interested parties. Serves as a resource for local communities in developing and implementing their economic development strategies. Coordinates the development of a Countywide Comprehensive Economic Development Plan.

13 Power Infrastructure of Now Supports Marketing efforts of Central Wisconsin Airport (CWA). Promotes the County s Broadband Initiatives. Collaborates on developing more Business Accelerators. Fosters Regional Economic Activities Centergy, WEDC, WHEDA, WEDA, NCWDB, and NCWRPC. Supports the County s Economic Efforts/Challenges. Supports businesses in all primary business sectors: Manufacturing, IT, Health, Education and Agriculture.

14 Promoting Funding Marathon County Revolving Loan Fund Activity (RLF) Administers the City of Wausau s and Private Foundation s Funds Leveraged $2.5 million of Community Development Block Grant loans which supported $23million+ in economic development projects Assisted City Officials in attracting new manufacturing businesses that created over 50 new family sustaining jobs Examples: Current & Former Wausau Business Partners Day s Bowl-a-Dome RMM Solutions Lemke Cheese Wausome Foods, LLC Bull Falls Brewery Thunderlube Jalapenos Downtown Grocery Dietary Pros Custom Design Precast The Glass Hat Wausau World Market Red Eye Brewing Co. Olson s Tire Sweet Lola s Lil O le Winemaker Shoppe

15 RLF Funding - continued Managed Marathon County s RLF ( ) As of 12/31/2014 we ve leveraged $3.5 million in loans in support of $32+ million in projects throughout Marathon County. Examples: Current & Former Business Partners Crystal Finishing, Inc. Integrity Grading, Inc. Kafka Properties (Granite) W.J. Higgins Extend Manufacturing, Inc. Verhoef Dairy DeJong Family Dairy Rib Mtn Quality Foods, Inc. IMPORTANT INFO Applied Laser, Inc. From the Forest Lang Furniture Multi-Trim Forms B&K Trucking, Inc. Excelsus Dairy Mosinee Lanes Travel Leaders Currently developing plans to establish a new RLF to provide GAP financing for new & expanding businesses throughout Marathon County, including City of Wausau. This program would not be subject to Federal or State guidelines.

16 MCDEVCO Funding Partners Funding Partners Federal Community Development Block Grant Funds City of Wausau, City of Schofield, City of Mosinee, Village of Weston, Town of Rib Mountain and Marathon County. Over 50 Financial Institutions in 14 North Central Wisconsin Communities. Wisconsin Business Development (WBD) (SBA 504). Small Business Administration (SBA). Wisconsin Women s Business Initiative Corporation (WWBIC). Private Foundations. Other Governmental Units.

17 Marathon County s Principal Economic Drivers Gross Regional Product Exports Jobs Marathon County Total $6.30 Billion $9.60 Billion 76,500 Manufacturing $1.50 Billion $4.70 Billion 15,950 Finance & Insurance $0.80 Billion $1.15 Billion 4,750 Health Care $0.50 Billion $0.40 Billion 9,700 Agriculture $0.25 Billion $0.40 Billion 2,100 ***** Marathon County ranks 9 th in the State in Tourism ***** Overall Economic Impact = $232 million

18 Moving Forward Developing a New Revolving Loan Fund. Work on Comprehensive Metro and Rural Economic Development. Plans for Marathon County. Develop promotional materials to recruit Skilled Workforces from other Midwestern communities impacted by job displacements. Work on County s Broadband Initiatives.

19 Marathon County Economy Local businesses are much more optimistic. Major Concern - Projected Shortage of Skilled Workforce. Insufficient supply of Tenant-Ready Commercial Properties with 10,000 to 100,000 sq.ft. Limited funding sources for entrepreneurial projects and business expansion. Overall political/business climate.

20 WORKFORCE DEVELOPMENT is Economic Development Rene Daniels, Executive Director North Central Wisconsin Workforce Development Board

21 WDB #6 Map

22 Unemployment in Marathon County

23 Workforce Challenges in North Central Wisconsin Aging Population Particular impact in the North % of Population Age 65+Years Old Migration Patterns Education Attainment 49.5% of residents have a high school diploma or less 20.3% have a Bachelors degree or higher compared to the state average of 25.7% Source: WI Dept. of Administration, Demographic Services Center, Population Projections

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25 Members Schuette Metals Greenheck Fan JARP Gordon Aluminum Wausau Window and Wall Systems Crystal Finishing Sulzer Machine Merrill Iron and Steel Agra Pointe Precision Marten Machine ADC Custom J and D Tube Benders Lange Machine Lemke Machine Modern Machine Imperial Industries G3 Northland Stainless Daigle Brothers Oldenburg Group Norlen Applied Fab and Machining Ordered Motion Systems Siemens Ellis Stone Construction Arthur J. Gallagher Arow Global Colby Metal Linetec A and B Process Systems OPS Employment Dedicated to promoting educational and career opportunities in welding, fabricating, and machining trades. - Jim McIntyre CEO/Greenheck Fan

26 Internal Workforce Needs Assessment: CNC/Machinists Needed: Welders/Fabrication Needed: Total Entry level production positions needed in the Next 3 Years: 978 positions Base Minimum Estimated Workforce Need over next 3 years: 1,559 unfilled positions.

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28 Presenter Contact Information Brad Karger, Marathon County Administrator Phone: (715) Jim Warsaw, MCDEVCO Executive Director Phone: (715) Renee Daniels, NCWWDB Executive Director Phone: (715)

29 Thank You!! Questions??