Larry Burkhardt,
Executive Vice President of the Appleton Regional Partnership, discussed how
economic development is a community wealth building process that is done by
supporting primary sector businesses (a company that derives a majority of its
revenue by selling a product or service outside the community). This process brings new dollars to the local
economy. The intent of the Appleton
Regional Partnership is to improve the quality of life for our local residents
by supporting the activities of business development. They plan to stimulate the local economy so
that people can make their house payment, buy a new car, send kids to college
and do some of the things that are important to their quality of life. The Fox Valley
has not had an economic development program.
There are 5,000 organizations like this throughout the country enticing
companies to come to their own communities.
Our community is not immune to economic decline. Communities without economic development
struggle. Within the last several
months, Kewanee Power Plant announced they will be closing and 600 jobs lost
and Oshkosh Truck announced 350 layoffs in the first part of this year. The Appleton Regional Partnership is an
affiliate of the Fox Cities Chamber of Commerce. They are a public/private partnership whose
board consists of 16 public sector entities and 43 private sector companies. This effort began when the Board of Directors
of the Chamber realized that there was no one looking out for the economic
development needs of this region. In
2011, the Chamber commissioned a consultant to do a full evaluation of our
community and evaluate 74 different attributes.
Overall, there were a dozen attributes rated better than average, a
dozen less than average and the remaining in the middle. The goal of this report is to support the
announcement of 1200 new primary jobs in our global economy over the next 5
years. Annually, this would generate
over $75 million in new payroll, $141million in new positive economic activity and
generate $4.7 million in property taxes to support local government. The Appleton Regional Partnership needs to
establish relationships with existing primary employers and provide them with
the resources for them to become more competitive and in the process add new jobs. So far this year, 27 formalized visits have
been made that have turned up specific issues that are currently being
addressed. In addition, they will be
looking at attracting new companies into the area specifically 4 main
targets: food processing, transportation/equipment
manufacturing, innovative manufacturing and quality business services. A regional (Outagamie
County , Calumet
County and the upper half of Winnebago County ) approach was decided because in
order to do economic development on a national or international level, you have
to build the biggest and most integrated picture. If a company wants to expand their market,
they go to a site selector who performs a detailed analysis on considerations
such as labor, education, transportation and business climate. The primary tool
in economic development for attraction is website presence. The Appleton Regional Partnership is working
on developing a website and a plan to go out and meet with site selection
consultants. Some of the challenges the
Appleton Regional Partnership faces is competition and branding/awareness of
our area. Our area is known for having a
good work force ethic, quality community and high school graduation rate of
90%.
No comments:
Post a Comment