Thank You to our Event Sponsors! Prime Supporting
Thank You to our Platinum Level Investors
2017 Year in Review
David Lust, 2017 Chairman
Horizon Point Now Open!
Advanced Orthopedic and Sports Medicine Hospital
Workforce Development
Angel Fund Support Black Hills Regional Angel Fund, LLC Added another important tool to our successful grant, loan and real estate programs Launched in 2014 Capitalized at $2.875M 35 Investors, 100 Applications, 12 meetings, 25 pitches, 5-7 deals closed 100% of Funds are Committed, Looked at dozens of proposals Black Hills Regional Angel Fund II, LLC Will continue the momentum created by Fund I Launched in 2017 Capitalized $1.6M Meeting monthly 1-2 pitches per month, looking for new deals!
Economic Gardening
Ron Blum, 2018 Chairman
Board Business
Thank You for Sharing your Talent and Perspective with our Organization! Board Service Completed in 2017 Jay Hammerquist (Black Hills Ortho and Spine) Shawn Gab (Tri-Tech Manufacturing)
Welcome Aboard New Board Members! Board Service Term Through 2020 Ron Blum (Montana-Dakota Utilities) 2 nd Term Patri Acevedo (JLG Architects) 1 st Term Paul Bradsky (Liv Hospitality) 1 st Term
2018 Year Ahead
ELEVATE RAPID CITY Partnerships, Innovation, Opportunity
GOALS Creation of 2,245 new primary jobs, in Healthcare and Life Sciences, Research, Manufacturing, Financial Services, Energy and other wealth generating industries. Creation of 2,510 new secondary support jobs across a variety of industries. New Investment of $300 million or more across the region.
$126 Million Annually
Benchmarking our Economy
ELEVATE RAPID CITY Partnerships, Innovation, Opportunity
$2.0B http://www.dunescience.org/
FOUNDATION Pat Burchill, President RCED Foundation Chair, SDED Authority
Ellsworth Development Authority SDEDA www.ellsworthauthority.org (2005 2018: 13 Years Since BRAC)
Our Mission - To make sure that the Great State of South Dakota is always a Great Place for the U.S. Department of Defense to conduct its essential national defense mission at Ellsworth Air Force Base. - To work hand in hand with local governments, the private sector and property owners to promote the health and safety of those living or working near the base. - To protect and promote the economic impact of Ellsworth Air Force Base and associated industry. - To work with the Base and local communities to prepare for additional growth in missions at Ellsworth Air Force Base. Ellsworth Development Authority SDEDA
Initiatives Joint Wastewater Treatment Project Compatible Land Use Powder River Training Complex Urban Training Site Economic Development Ellsworth Development Authority SDEDA
Ellsworth Development Authority SDEDA Ellsworth s Impact Estimated to be $1 Million per day to State and Local Economy Approximately 3,500 Active Duty and 1,000 Civilian Employees Adds an Estimated 9,000 individuals to the population
Questions? Ellsworth Development Authority SDEDA
Strong Tenant Mix in the Black Hills Business Development Center
LOCATION The site selected for the new Innovation Center was carefully considered, and an excellent candidate for partnership with the City of Rapid City. IDEAL SITE WHY THIS LOCATION? IDEAL SITE This area provides: Adequate size to accommodate phased growth. Excellent vicinity to SDSMT and Downtown. Walkable, Pedestrian Oriented Space that sets precedent for Innovation District as Pilot Project. Near other amenities, housing and businesses that encourage Live, Work, Play lifestyle. IINNOVATION CENTER BENEFITS The area(s) most supported for the location of the Innovation Center included several sites located between South Dakota School of Mines and Technology and Rapid City s Downtown. Factors such as adjacency, critical mass, and walkability were considered among others. IDEAL LOCATION Rapid City s Downtown Master Plan was highly considered in the process, in particular, the Innovation District region. A new ordinance is considered to establish zoning criteria in that district that suits the Innovation Center very well. The district and ordinance would benefit from a Pilot Project; The Innovation Center is a perfect fit.
Steve Allender, Mayor, City of Rapid City
Rapid City Downtown Master Plan www.rcdowntownplan.com
Innovation District
Marketing & Visibility Local Targeted Events and Trade Shows Rapid City, South Dakota Rapid City, South Dakota Rapid City, South Dakota Rapid City, South Dakota Las Vegas, Nevada Sturgis, South Dakota Chicago, Illinois Work Here. Play Here. Ads Located in High Traffic Local Venues/Gateways
City Highlights More than $300 million in building permits Priority based budgeting Manufacturing sector improving Housing costs falling Investing in early childhood education Rapid Ride eliminating many hurdles for kids Barnett Arena
Dennis Daugaard, Governor, State of South Dakota
1973 Associate's 12% Bachelor's or more 16% HS or less 72%
2016 Bachelor's or more 36% HS or less 34% Some college Associate's 30%
The economy has added 11.6 million jobs since the recession bottomed out. 11.5 million (99% of them) have gone to workers with at least some college education 2016, Georgetown University Center on Education and the Workforce
11.6 million jobs were created after the recession bottomed out : Graduate degree holders: 3.8 million jobs Bachelor s degree holders: 4.6 million jobs Associate s degree holders: 3.1 million jobs High School or less: 80,000 jobs
Thank You to Governor Daugaard and all of our speakers for participating in our Annual Meeting and more importantly thanks to all of you for your Investment In and Vision For Rapid City!
Thank You to our Event Sponsors! Prime Supporting
Thank You to our Platinum Level Investors
Partnership. It s who we are and what we do. Thanks for being a part of it!