Summit: 09South Haven, MichiganThe Cash Flow Project <br />Friday, November 6, 2009<br />Randy Parry, President<br />
History<br />1995--two faculty members and two students met with other state community members at SDSU<br />Mini-grant fro...
SilentParticipantLeader<br />Staff<br />Facilities<br />Technology<br />Curriculum<br />Students<br />Schools & Community/...
Create more interest in and understanding of American business<br />Encourage members in the development of projects which...
Students <br />Developed Survey<br />Residents<br />Respond<br />Students Shared Analysis<br />Students Analyzed Data<br /...
Survey Categories<br />Gasoline/Supplies<br />B. Automotive Repairs<br />C. Food/Beverage/Recreation<br />D. Prescription/...
A. Gasoline- 12%			F. Clothing- 7%<br />B. Automotive Repairs- 7%		G. Gifts- 4%<br />C. Food/Beverage- 12%		H. Hardware- 5...
A. Gasoline- 62%			F. Clothing- 12%<br />B. Automotive Repairs- 63%	G. Gifts- 22%<br />C. Food/Beverage- 44%		H. Hardware-...
Percent increase of total spent = 10%<br />Economic spending factor = 3.1<br />Number of people = 600<br />What if?…<br />
Income Level = $22,000<br />Total amount spent in Miner County = $10,379.60<br />10% increase of buying in Miner Co. = $1,...
Total increase of money spent within Miner Co. based on a specific number of people (600) with this income level = $622,77...
1996 Gross sales -- $37,997,374.11<br />1997 Gross sales -- $53,614,358.60<br />Gross sales increased $15,616,984.49<br />...
Selected Survey Results: Income Level $22,000 Total increase in disposable spending*: $1,930,605.60 <br />Number of People...
Miner County Historical Population Trend<br />
Miner County Population<br />
Miner County Personal Income by Source 1990<br />
Miner County Personal Income by Source 2004<br />
Is there any hope?<br />
Miner County Taxable Growth<br />
Howard Sales Tax Revenue<br />
Miner County Tax Levies<br />
<ul><li>Cash Flow Project
The actual amount of increased gross sales was $15,600,000.
It was an overall increase of 41.1% from the previous year.</li></ul>Investing In & Supporting the Local Economy<br />
<ul><li>Improving & Communicating Access to credit
   Supporting & Facilitating Renewable Energy Industry</li></ul>      Development<br /><ul><li>   Supporting & Enhancing S...
   Developing & Building Rural Learning Center</li></ul>Economic DevelopmentInvesting In & Supporting The Local Economy<br />
Are not understood or underestimated by rural communities<br />Stimulate and create economic growth<br />Impact positively...
Renewable Energy<br />Organic Beef<br />Rural Learning Center<br />Telemedicine/Rural Health/Seniors/Retirees<br />School ...
Development Corps<br />Faith<br />Community<br />Miner County Heritage Fund<br />County<br />Cities<br />Financial Institu...
The purpose of the Community Leadership Council is to facilitate local leadership that is:<br /><ul><li>Committed to Worki...
Able to Think and Act Creatively
Open to redefining “Community Boundaries”
Willing to Do Things Differently</li></ul>Knowledge, Ideas & Community-based Perspective<br />
<ul><li> Living Wage Jobs Created With Benefits
 63 Jobs in Howard, SD is comparable to 7875 Jobs In Sioux Falls, SD</li></ul>Renewable Energy Economic Impact<br />
<ul><li>For every student coming into the school district is $4,350 in state support</li></ul>Renewable Energy Economic Im...
County’s Gross Sales and Retail Sales Taxes at all time highs<br />Increase in Tax Base for Community Services<br />Renewa...
Housing Rentals and Sales Increase<br />Renewable Energy Economic Impact<br />
Export based industry= money in, not money out<br />Renewable energy sector brings new individuals to Miner County, and ad...
Economic Impact Analysis Classes were held to study the impact of Health Care in Miner County<br />IMPLAN Workshop<br />
Manufacturing Sectors                   Income                Multiplier	        Impact<br />Knight & Carver	             ...
      Manufacturing Sectors                             Income            Multiplier          Impact<br />Knight & Carver	...
Miner County Proportion of Total Personal Income by Source 1990-2004<br />
Seniors<br /><ul><li>   Over 800 residents over the age of 62
   Over $12 million in transfer payments per year
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Miner Cash Flow Project Presentation

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Randy Parry made the following presentation at "Summit:09" in South Haven, Michigan.

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Miner Cash Flow Project Presentation

  1. 1. Summit: 09South Haven, MichiganThe Cash Flow Project <br />Friday, November 6, 2009<br />Randy Parry, President<br />
  2. 2. History<br />1995--two faculty members and two students met with other state community members at SDSU<br />Mini-grant from PRSCR covered expenses<br />FBLA used this as a service project<br />
  3. 3. SilentParticipantLeader<br />Staff<br />Facilities<br />Technology<br />Curriculum<br />Students<br />Schools & Community/ Economic Development<br />
  4. 4. Create more interest in and understanding of American business<br />Encourage members in the development of projects which contribute to the improvement of home, business, and community<br />Encourage and practice efficient money management<br />Purpose of the Cash Flow Survey<br />www.fbla-pbl.org<br />
  5. 5. Students <br />Developed Survey<br />Residents<br />Respond<br />Students Shared Analysis<br />Students Analyzed Data<br />Community<br />Benefited<br />Process<br />
  6. 6. Survey Categories<br />Gasoline/Supplies<br />B. Automotive Repairs<br />C. Food/Beverage/Recreation<br />D. Prescription/Medical Supplies<br />E. Groceries<br />F. Clothing<br />G. Gifts<br />H. Lumberyard Products/Hardware<br />I. House wares/Personal Care Items/Other Retail<br />J. Basic Health/Medical Services<br />
  7. 7. A. Gasoline- 12% F. Clothing- 7%<br />B. Automotive Repairs- 7% G. Gifts- 4%<br />C. Food/Beverage- 12% H. Hardware- 5%<br />D. Prescription/Rx Supplies- 12% I. House wares- 5%<br />E. Groceries- 24% J. Basic Health- 12%<br />What percentage of your disposable income do you spend on the following purchases?<br />
  8. 8. A. Gasoline- 62% F. Clothing- 12%<br />B. Automotive Repairs- 63% G. Gifts- 22%<br />C. Food/Beverage- 44% H. Hardware- 48%<br />D. Prescription Supplies- 42% I. House wares- 29%<br />E. Groceries- 58% J. Basic Health- 46%<br />What percentage of your disposable income do you spend on the following purchases IN MINER COUNTY?<br />
  9. 9. Percent increase of total spent = 10%<br />Economic spending factor = 3.1<br />Number of people = 600<br />What if?…<br />
  10. 10. Income Level = $22,000<br />Total amount spent in Miner County = $10,379.60<br />10% increase of buying in Miner Co. = $1,037.96<br />Total income spent after % increase = $11,417.56<br />Total increase of all categories = $622,776.00<br />Projections<br />
  11. 11. Total increase of money spent within Miner Co. based on a specific number of people (600) with this income level = $622,776.00<br />Total increase in disposable spending times the economic spending factor of 3.1 for this income level = $1,930,605.60<br />Total increase in disposable spending in Miner Co. based on the ten categories for all income levels = $2,302,384.00<br />Total increase in disposable spending times the economic spending factor of 3.1 for all income levels = $7,137,390.40<br />Disposable Spending Calculations<br />
  12. 12. 1996 Gross sales -- $37,997,374.11<br />1997 Gross sales -- $53,614,358.60<br />Gross sales increased $15,616,984.49<br />Overall increase of 41.1% from the previous year.<br />In Miner County...<br />
  13. 13. Selected Survey Results: Income Level $22,000 Total increase in disposable spending*: $1,930,605.60 <br />Number of People: 600     Economic Factor: 3.1     Increase in Local Spending: 10% <br />
  14. 14. Miner County Historical Population Trend<br />
  15. 15. Miner County Population<br />
  16. 16. Miner County Personal Income by Source 1990<br />
  17. 17. Miner County Personal Income by Source 2004<br />
  18. 18. Is there any hope?<br />
  19. 19. Miner County Taxable Growth<br />
  20. 20. Howard Sales Tax Revenue<br />
  21. 21. Miner County Tax Levies<br />
  22. 22. <ul><li>Cash Flow Project
  23. 23. The actual amount of increased gross sales was $15,600,000.
  24. 24. It was an overall increase of 41.1% from the previous year.</li></ul>Investing In & Supporting the Local Economy<br />
  25. 25. <ul><li>Improving & Communicating Access to credit
  26. 26. Supporting & Facilitating Renewable Energy Industry</li></ul> Development<br /><ul><li> Supporting & Enhancing Systems of Business Recruitment, </li></ul> Expansion & Retention<br /><ul><li> Developing & Implementing Community Beautification</li></ul> Programs<br /><ul><li> Creating & Providing Access to Systems of Affordable</li></ul> Quality Childcare<br /><ul><li> Facilitating Development & Promotion of Local Tourism
  27. 27. Developing & Building Rural Learning Center</li></ul>Economic DevelopmentInvesting In & Supporting The Local Economy<br />
  28. 28. Are not understood or underestimated by rural communities<br />Stimulate and create economic growth<br />Impact positively by employing people, accessing capital, exporting products and services <br />Travel beyond the community into the region, nation, and world<br />Import Sourcing of people, jobs, investment vs. outsourcing<br />Economic Engines <br />
  29. 29. Renewable Energy<br />Organic Beef<br />Rural Learning Center<br />Telemedicine/Rural Health/Seniors/Retirees<br />School System<br />Miner CountyEconomic Engines<br />
  30. 30. Development Corps<br />Faith<br />Community<br />Miner County Heritage Fund<br />County<br />Cities<br />Financial Institutions<br />Community<br />Leadership <br />Council<br />Community <br />Organizations<br />Schools<br />RLC <br />Capacity Building<br />RLC Economic<br /> Development<br />RLC<br />Housing<br />Informed,Collaborative<br />Decision-Making<br />
  31. 31. The purpose of the Community Leadership Council is to facilitate local leadership that is:<br /><ul><li>Committed to Working Together
  32. 32. Able to Think and Act Creatively
  33. 33. Open to redefining “Community Boundaries”
  34. 34. Willing to Do Things Differently</li></ul>Knowledge, Ideas & Community-based Perspective<br />
  35. 35. <ul><li> Living Wage Jobs Created With Benefits
  36. 36. 63 Jobs in Howard, SD is comparable to 7875 Jobs In Sioux Falls, SD</li></ul>Renewable Energy Economic Impact<br />
  37. 37. <ul><li>For every student coming into the school district is $4,350 in state support</li></ul>Renewable Energy Economic Impact<br />
  38. 38. County’s Gross Sales and Retail Sales Taxes at all time highs<br />Increase in Tax Base for Community Services<br />Renewable Energy Economic Impact<br />
  39. 39. Housing Rentals and Sales Increase<br />Renewable Energy Economic Impact<br />
  40. 40. Export based industry= money in, not money out<br />Renewable energy sector brings new individuals to Miner County, and adds to the knowledge economy<br />Renewable Energy Economic Impact<br />
  41. 41. Economic Impact Analysis Classes were held to study the impact of Health Care in Miner County<br />IMPLAN Workshop<br />
  42. 42. Manufacturing Sectors Income Multiplier Impact<br />Knight & Carver $4,824,272 1.16 $5,623,349<br />Energy Maintenance<br /> Systems $1,507,584 1.16 $1,757,296<br />TOTALS $6,331,856 $7,380,645<br />Miner County Renewable Energy Impact on Income<br />
  43. 43. Manufacturing Sectors Income Multiplier Impact<br />Knight & Carver 48 1.24 59.6<br />Energy Maintenance<br />Systems 15 1.24 18.6<br /> TOTALS 63 78.2<br />Miner County Renewable Energy Impact on Employment<br />
  44. 44. Miner County Proportion of Total Personal Income by Source 1990-2004<br />
  45. 45. Seniors<br /><ul><li> Over 800 residents over the age of 62
  46. 46. Over $12 million in transfer payments per year
  47. 47. Volunteer In-Kind Value “Priceless”
  48. 48. Pool For Investment Capital
  49. 49. Treasure Chest of Knowledge
  50. 50. Support groups—Business, Church, Childcare, etc.
  51. 51. Healthcare availability is essential to the sustainability </li></ul> and growth of Rural America<br /><ul><li> If 5 Seniors leave, it’s like a small business leaving </li></ul> your community <br />
  52. 52. Health Sectors Employment Multiplier Impact<br />Doctors, Dentists, & <br />Other Medical <br />Professionals 22.4 1.35 30.3<br />Nursing Home <br />& Pharmacies 118.1 1.24 146.5<br />TOTALS140.5 176.5<br />Miner County Health Sector Impact on Employment<br />
  53. 53. Miner County Health Sector Impact on Retail Sales and Sales Tax Collections<br /> Retail 1 Cent<br />Health Sector Sales Sales Tax <br /> Collection<br />Doctors, Dentists, & Other <br /> Medical Professionals $680,999 $6,810<br />Nursing Home & <br /> Pharmacies $1,269,314$12,693<br /> TOTALS $1,950,313 $19,503<br />
  54. 54. Transfer Payments are Very Important <br />to the Local Economy!<br />24 Residents x Social Security Payment ($10,800 Avg) = $259,200<br />24 Residents x Medicare Payments ($5,900 Avg) = $141,600<br />Total $ 400,800<br />For example: <br />Assisted Living Facility Impact<br />
  55. 55. Partners’ Fuel $20,978,738<br />Partners’ Understanding and Collaboration $Priceless<br />Investment In Strategic Plan 2005<br />
  56. 56. What you’re seeing here today is what happens when a community comes together and believes in the future of their community. This is an example of what happens when you start the long-term plans and put your resources together.<br />Mike Rounds, South Dakota Governor<br />
  57. 57. Thank You!<br />www.rurallearningcenter.org<br />
  58. 58. Educate Leaders<br />Economies of Scale vs. Dis-Economies of Scale<br />Time Convergence<br />Companies move in for lower costs<br />Worry that there might not be enough workers<br />Workers move in for quality of life<br />Worry that they will not be able to get a job<br />Community Building a priority<br />Long-Term Strategy & Vision<br />Grassroots Action coordinated with City, State and Federal strategic resources<br />Start Your Community Engines<br />
  59. 59. It’s All Connected<br />

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