7 ra conference powerpoint 11.11
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The document discusses an economic analysis of the 7 Rivers region conducted by the 7 Rivers Alliance. Some key findings include: - 2 out of every 5 workers in Houston County, Minnesota work in Wisconsin, Iowa, or outside the local region - Approximately $2.6 billion of the region's economic requirements are being met by businesses located outside the region - The analysis identifies specific industries and their satisfaction rates within the region versus outside, to help find potential gaps that could be filled through business attraction, retention, or startup efforts
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7 ra conference powerpoint 11.11
- 1. Buy Regional: Business to Business Sponsors WWW.7RIVERSREGION.COM • Dairyland Printing • Mayo Clinic Health Systems – Franciscan Healthcare • Southeast Technical College • Northwest Wisconsin Manufacturing Outreach Center (NWMOC) • Western Wisconsin Workforce Development Board & Workforce Connections 3PA Administrators • Brenengen Auto Fastenal • Synergy Leadership Group
- 2. WWW.7RIVERSREGION.COM Vicki Markussen, 7 Rivers Alliance 7 RIVERS REGION FINDINGS
- 3. WWW.7RIVERSREGION.COM = Labor, Media, Consumer Patterns Borderless
- 4. Traffic Patterns WWW.7RIVERSREGION.COM 2 out of every 5 workers in Houston County are employed in either Wisconsin, Iowa, or outside of the SE Minnesota area
- 5. Our Economy INCOME WWW.7RIVERSREGION.COM • Earned: Sales to someone from outside • Unearned: Grants, Investments, etc. CIRCULATION • Business to Business • Consumer to Business LEAKAGE Prior to Circulation or After • Taxes • Outside Purchases • Outside Investments
- 6. Exports: High Skill, High Wage WWW.7RIVERSREGION.COM Exporting Local Sales Companies Companies
- 7. WWW.7RIVERSREGION.COM LEAKAGE
- 8. Economic Modeling Specialist Inc. (EMSI) • Looks at reports from Federal Bureau of Economic Analysis WWW.7RIVERSREGION.COM – Gross Output – Land area of the subject region – Regional in/out commuter patterns. – Workforce Development: Iowa, Minnesota & Wisconsin • Creates a Regional multiplier, the resulting matrix is multiplied by the sales vector and converted back to jobs or earnings. • Specifically, this data comes from the U.S. Department of Commerce, Bureau of Economic Analysis, Industry Economic Accounts: Benchmark & Annual Input-Output (I- O) Accounts.
- 9. WWW.7RIVERSREGION.COM It’s not exact, but it’s the closest thing we have. That’s why we need you.
- 10. WWW.7RIVERSREGION.COM Creates Graph
- 11. Creates Table Description Total % Satisfied in Out of Requirements (K) Region Region WWW.7RIVERSREGION.COM Crop and animal production $978,478 95% 5% Petroleum Refineries $553,600 0% 100% Corporate, Subsidiary, and Regional Managing Offices $335,244 60% 40% Commercial Banking $249,380 55% 45% Lessors of Residential Buildings and Dwellings $142,219 57% 43% Lessors of Nonresidential Buildings (except Miniwarehouses) $138,799 43% 57% Offices of Real Estate Agents and Brokers $137,647 34% 66% Wholesale Trade Agents and Brokers $130,103 24% 76% Cheese Manufacturing $127,924 93% 7% General Freight Trucking, Long-Distance, Truckload $123,574 95% 5% Offices of Lawyers $122,340 29% 71% Wired Telecommunications Carriers $119,990 57% 43% Iron and Steel Mills $119,211 0% 100% Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) $104,620 80% 20% Other Animal Food Manufacturing $101,565 52% 48% Engineering Services $101,519 1% 99% Rail transportation $98,509 95% 5% Temporary Help Services $97,013 37% 63% Administrative Management and General Management Consulting Services $86,076 2% 98% All Other Plastics Product Manufacturing $80,386 86% 14% All Other Professional, Scientific, and Technical Services $78,702 62% 38% Research and Development in the Physical, Engineering, and Life Sciences $77,275 5% 95% (except Biotechnology) Insurance Agencies and Brokerages $76,943 61% 39% Postal Service $71,988 81% 19% Crude Petroleum and Natural Gas Extraction $68,327 20% 80% Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial $68,014 94% 6% Refrigeration Equipment Manufacturing Couriers and Express Delivery Services $66,775 62% 38% Plastics Material and Resin Manufacturing $65,379 84% 16% Fossil Fuel Electric Power Generation $63,701 95% 5% Residential Property Managers $63,535 39% 61%
- 12. How to Read Sorted by $ = Amount Needed Description Total % Satisfied in Out of Region Requirements (K) Region WWW.7RIVERSREGION.COM Crop and animal production $978,478 95% 5% Petroleum Refineries $553,600 0% 100% Corporate, Subsidiary, and Regional Managing Offices $335,244 60% 40% Commercial Banking $249,380 55% 45% Lessors of Residential Buildings and Dwellings $142,219 57% 43% Lessors of Nonresidential Buildings (except Miniwarehouses) $138,799 43% 57% Offices of Real Estate Agents and Brokers $137,647 34% 66% Wholesale Trade Agents and Brokers $130,103 24% 76% Cheese Manufacturing $127,924 93% 7% General Freight Trucking, Long-Distance, Truckload $123,574 95% 5% Offices of Lawyers $122,340 29% 71% Wired Telecommunications Carriers $119,990 57% 43% Iron and Steel Mills $119,211 0% 100% Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) $104,620 80% 20% Other Animal Food Manufacturing $101,565 52% 48% Engineering Services $101,519 1% 99% Rail transportation $98,509 95% 5% Temporary Help Services $97,013 37% 63% Administrative Management and General Management Consulting Services $86,076 2% 98% All Other Plastics Product Manufacturing $80,386 86% 14% All Other Professional, Scientific, and Technical Services $78,702 62% 38% Research and Development in the Physical, Engineering, and Life Sciences $77,275 5% 95% (except Biotechnology) Insurance Agencies and Brokerages $76,943 61% 39% Postal Service $71,988 81% 19% Crude Petroleum and Natural Gas Extraction $68,327 20% 80% Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial $68,014 94% 6% Refrigeration Equipment Manufacturing Couriers and Express Delivery Services $66,775 62% 38% Plastics Material and Resin Manufacturing $65,379 84% 16% Fossil Fuel Electric Power Generation $63,701 95% 5% Residential Property Managers $63,535 39% 61%
- 13. = $2.6 billion needs being met outside Description Total Requirements % Satisfied in Out of (K) Region Region Other Animal Food Manufacturing $101,565 52% 48% Engineering Services $101,519 1% 99% WWW.7RIVERSREGION.COM Administrative Management and General Management Consulting Services $86,076 2% 98% All Other Plastics Product Manufacturing $80,386 86% 14% All Other Professional, Scientific, and Technical Services $78,702 62% 38% Research and Development in the Physical, Engineering, and Life Sciences $77,275 5% 95% (except Biotechnology) Insurance Agencies and Brokerages $76,943 61% 39% Postal Service $71,988 81% 19% Couriers and Express Delivery Services $66,775 62% 38% Securities Brokerage $61,597 32% 68% Direct Property and Casualty Insurance Carriers $61,574 19% 81% Other Activities Related to Real Estate $61,333 35% 65% Office Administrative Services $60,100 89% 11% Computer Systems Design Services $59,900 19% 81% Sawmills $59,810 80% 20% General Warehousing and Storage $59,386 95% 5% Machine Shops $58,572 42% 58% Electric Power Distribution $58,387 95% 5% General Freight Trucking, Local $58,013 95% 5% Data Processing, Hosting, and Related Services $55,456 22% 78% Portfolio Management $54,793 16% 84% Offices of Certified Public Accountants $53,358 42% 58% Janitorial Services $53,271 49% 51% Landscaping Services $53,128 57% 43% Corrugated and Solid Fiber Box Manufacturing $52,176 59% 41% Computer and Computer Peripheral Equipment and Software Merchant $52,164 16% 84% Wholesalers Pharmaceutical Preparation Manufacturing $49,989 0% 100% All Other Basic Organic Chemical Manufacturing $48,855 85% 15%
- 14. How to use • Business Triad WWW.7RIVERSREGION.COM – Business Attraction – Business Retention – Business Startup
- 15. Find Gaps • Obvious WWW.7RIVERSREGION.COM Description Total Requirements % Satisfied in Out of (K) Region Region Other Animal Food Manufacturing $101,565 52% 48% Engineering Services $101,519 1% 99% Administrative Management and General Management Consulting Services $86,076 2% 98% All Other Plastics Product Manufacturing $80,386 86% 14% All Other Professional, Scientific, and Technical Services $78,702 62% 38% Research and Development in the Physical, Engineering, and Life Sciences $77,275 5% 95% (except Biotechnology) Can we fill this gap within: Insurance Agencies and Brokerages Postal Service • Talent Attraction (expansion) 39% $76,943 $71,988 19% 61% 81% Couriers and Express Delivery Services • Business Attraction $66,775 38% 62% Securities Brokerage $61,597 68% 32% Direct Property and Casualty Insurance Carriers • Business Startup $61,574 81% 19% Other Activities Related to Real Estate $61,333 35% 65% Office Administrative Services $60,100 89% 11% Computer Systems Design Services $59,900 19% 81% Sawmills $59,810 80% 20% General Warehousing and Storage $59,386 95% 5% Machine Shops $58,572 42% 58% Electric Power Distribution $58,387 95% 5% General Freight Trucking, Local $58,013 95% 5% Data Processing, Hosting, and Related Services $55,456 22% 78% Portfolio Management $54,793 16% 84% Offices of Certified Public Accountants $53,358 42% 58%
- 16. Find Gaps • Obvious WWW.7RIVERSREGION.COM Description Total Requirements % Satisfied in Out of (K) Region Region Other Animal Food Manufacturing $101,565 52% 48% Engineering Services $101,519 1% 99% Administrative Management and General Management Consulting Services $86,076 2% 98% All Other Plastics Product Manufacturing $80,386 86% 14% All Other Professional, Scientific, and Technical Services $78,702 62% 38% Research and Development in the Physical, Engineering, and Life Sciences $77,275 5% 95% (except Biotechnology) RTP Insurance Agencies and Brokerages Postal Service • Minimum Quantity Adjustment $76,943 $71,988 39% 19% 61% 81% Couriers and Express Delivery Services $66,775 62% 38% Securities Brokerage $61,597 32% 68% Direct Property and Casualty Insurance Carriers $61,574 19% 81% Other Activities Related to Real Estate $61,333 35% 65% Office Administrative Services $60,100 89% 11% Computer Systems Design Services $59,900 19% 81% Sawmills $59,810 80% 20% General Warehousing and Storage $59,386 95% 5% Machine Shops $58,572 42% 58% Electric Power Distribution $58,387 95% 5% General Freight Trucking, Local $58,013 95% 5% Data Processing, Hosting, and Related Services $55,456 22% 78% Portfolio Management $54,793 16% 84% Offices of Certified Public Accountants $53,358 42% 58%
- 17. Find Gaps • Not So Obvious (Unless You Ask) WWW.7RIVERSREGION.COM Description Total Requirements % Satisfied in Out of (K) Region Region Other Animal Food Manufacturing $101,565 52% 48% Engineering Services $101,519 1% 99% Administrative Management and General Management Consulting Services $86,076 2% 98% All Other Plastics Product Manufacturing $80,386 86% 14% All Other Professional, Scientific, and Technical Services $78,702 62% 38% Research and Development in the Physical, Engineering, and Life Sciences $77,275 5% 95% (except Biotechnology) RTP Insurance Agencies and Brokerages Postal Service • Minimum Quantity Adjustment $76,943 $71,988 39% 19% 61% 81% Couriers and Express Delivery Services $66,775 62% 38% Securities Brokerage $61,597 32% 68% Direct Property and Casualty Insurance Carriers $61,574 19% 81% Other Activities Related to Real Estate $61,333 35% 65% Office Administrative Services $60,100 89% 11% Computer Systems Design Services $59,900 19% 81% Sawmills $59,810 80% 20% General Warehousing and Storage $59,386 95% 5% Machine Shops $58,572 42% 58% Electric Power Distribution $58,387 95% 5% General Freight Trucking, Local $58,013 95% 5% Data Processing, Hosting, and Related Services $55,456 22% 78% Portfolio Management $54,793 16% 84% Offices of Certified Public Accountants $53,358 42% 58%
- 18. Find Gaps • BHAG: Big, Harry , Audacious Goal WWW.7RIVERSREGION.COM Description Total Requirements % Satisfied in Out of (K) Region Region Other Animal Food Manufacturing $101,565 52% 48% Engineering Services $101,519 1% 99% Administrative Management and General Management Consulting Services $86,076 2% 98% All Other Plastics Product Manufacturing $80,386 86% 14% All Other Professional, Scientific, and Technical Services $78,702 62% 38% Research and Development in the Physical, Engineering, and Life Sciences $77,275 5% 95% (except Biotechnology) Insurance Agencies and Brokerages $76,943 61% 39% Postal Service $71,988 81% 19% Couriers and Express Delivery Services $66,775 62% 38% Securities Brokerage Waste Wood in Rural Hilly Areas $61,597 32% 68% Direct Property and Casualty Insurance Carriers $61,574 19% 81% Other Activities Related to Real Estate $61,333 35% 65% Office Administrative Services $60,100 89% 11% Computer Systems Design Services $59,900 19% 81% Sawmills $59,810 80% 20% General Warehousing and Storage $59,386 95% 5% Machine Shops $58,572 42% 58% Electric Power Distribution $58,387 95% 5% General Freight Trucking, Local $58,013 95% 5% Data Processing, Hosting, and Related Services $55,456 22% 78% Portfolio Management $54,793 16% 84% Offices of Certified Public Accountants $53,358 42% 58%
- 19. BHAG Top 10 Expenditures In the Region Outside tehRegion WWW.7RIVERSREGION.COM $1,000,000 $800,000 $600,000 $400,000 $200,000 $0
- 20. Hmm…. Top 10 Expenditures In the Region Outside tehRegion WWW.7RIVERSREGION.COM $1,000,000 $800,000 $600,000 $400,000 $200,000 $0
- 21. $3.1 Billion in Internal Expenditures Description Total % Satisfied in Out of Requirements (K) Region Region WWW.7RIVERSREGION.COM Crop and animal production $978,478 95% 5% Petroleum Refineries $553,600 0% 100% Corporate, Subsidiary, and Regional Managing Offices $335,244 60% 40% Commercial Banking $249,380 55% 45% Lessors of Residential Buildings and Dwellings $142,219 57% 43% Lessors of Nonresidential Buildings (except Miniwarehouses) $138,799 43% 57% Offices of Real Estate Agents and Brokers $137,647 34% 66% Wholesale Trade Agents and Brokers $130,103 24% 76% Cheese Manufacturing $127,924 93% 7% General Freight Trucking, Long-Distance, Truckload $123,574 95% 5% Offices of Lawyers $122,340 29% 71% Wired Telecommunications Carriers $119,990 57% 43% Iron and Steel Mills $119,211 0% 100% Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) $104,620 80% 20% Other Animal Food Manufacturing $101,565 52% 48% Engineering Services $101,519 1% 99% Rail transportation $98,509 95% 5% Temporary Help Services $97,013 37% 63% Administrative Management and General Management Consulting Services $86,076 2% 98% All Other Plastics Product Manufacturing $80,386 86% 14% All Other Professional, Scientific, and Technical Services $78,702 62% 38% Research and Development in the Physical, Engineering, and Life Sciences $77,275 5% 95% (except Biotechnology) Insurance Agencies and Brokerages $76,943 61% 39% Postal Service $71,988 81% 19% Crude Petroleum and Natural Gas Extraction $68,327 20% 80% Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial $68,014 94% 6% Refrigeration Equipment Manufacturing Couriers and Express Delivery Services $66,775 62% 38% Plastics Material and Resin Manufacturing $65,379 84% 16% Fossil Fuel Electric Power Generation $63,701 95% 5%
- 22. The Good Top 10 Expenditures In the Region Outside tehRegion WWW.7RIVERSREGION.COM $1,000,000 $800,000 $600,000 $400,000 $200,000 $0
- 23. Next Steps • Focus Groups WWW.7RIVERSREGION.COM • Why is that?
- 24. WWW.7RIVERSREGION.COM SURVEY RESULTS
- 25. Survey Overview • Analyze the buyer-supplier relationship WWW.7RIVERSREGION.COM • Each question became more manufacturing focused
- 26. Diverse Companies Slightly Heavy in Construction & Education WWW.7RIVERSREGION.COM
- 27. WWW.7RIVERSREGION.COM Role in Company
- 29. Business Locations Wisconsin Heavy WWW.7RIVERSREGION.COM
- 30. Percentage of Suppliers within 90 miles WWW.7RIVERSREGION.COM
- 31. WWW.7RIVERSREGION.COM Buy Local Policies
- 32. Buy Local Policies Yes No WWW.7RIVERSREGION.COM • certain ag specifications • We have national • directive of the agreements with many President/Owner suppliers for better rates. • when available and timely • Product is web based • whenever possible • fiscally responsible to do so • as long as we do not pay 20% more than necessary.
- 33. Selection is based on price, quality, capacity, etc. vs. noncompetitive bids or just WWW.7RIVERSREGION.COM price/capacity
- 34. Products not available WWW.7RIVERSREGION.COM Price is #1 factor then quality, then capacity Policy Delivery times
- 35. Word of Mouth Trade Shows WWW.7RIVERSREGION.COM Direct Solicitation Web Their Own Buyers Fair
- 36. WWW.7RIVERSREGION.COM Customer Technology Service & Innovation Workforce Supplier Lower Costs Relations Global*
- 37. WWW.7RIVERSREGION.COM Purchasing Best Practice Sales & marketing IT & Finance/Acctg.
- 38. WWW.7RIVERSREGION.COM Provide Do Not Feedback Work with Suppliers Working in Partnership to Improve
- 39. Process Improvement Knowledge (nearly ½ skipped) WWW.7RIVERSREGION.COM 1. Six Sigma 2. Value Stream Mapping 3. Statistical Process Control 4. Lean 5. Risk & Opportunity Management
- 40. WWW.7RIVERSREGION.COM 1. Disruption/ contingency plans 2. Supplier incorporation plan 3. Global sourcing & logistics 4. Corporate strategy documentation
- 41. Manufacturing Innovation Functions WWW.7RIVERSREGION.COM Design Testing Protyping Design for (physical) Analysis Engineering Protyping None Analysis (virtual)
- 42. WWW.7RIVERSREGION.COM Sales Final Supplier
- 43. Next Steps • Solidify the Buyer-Supplier WWW.7RIVERSREGION.COM Integration, Partnership for Innovation, Cost Savings,