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APR-JUN 2001 / Vol. 3 THE VALUE OF EXISTING INDUSTRY The purpose of the Industry Product Showcase and the Industry
Visitation/Planning Initiative is based on the recognition that existing
industry plays a vital role in the lives of the citizen's of this
community. It can easily be argued that every facet of community life is
affected by the existence, the quality and the health of our existing
manufacturing base. What is the value of industry? How can it be measured?
How can it be explained and understood? The questions have several obvious
answers but the truth is that the full value and impact is really not
understood and is more complex and difficult to determine than might be
realized. The following serves to summarize a number of issues that
address these questions. Employment The manufacturing sector is the major employer in McDowell County. McDowell County has just over 20,000 jobs in its labor market and approximately 53% of this labor force are employed in manufacturing jobs. This is actually a very high percentage with McDowell County ranking third in the State of North Carolina and among the top counties in the nation. Nine of the top twelve employers in McDowell County are existing industries with only the School System, the Prison System and the Hospital being in this ranking. Recognizing that existing industry is the primary employer in the County is only the beginning. When one looks at the composition of wages and salaries in our local economy, you find that the manufacturing sector pays 64.6% of the entire wages and salaries generated. In simple terms, this means that manufacturing pays more as a percentage of the total wages paid than other sectors in the local economy. The impact of this in terms of home sales, vehicle purchases, and purchasing other services is best understood by recognizing that one manufacturing job has an impact of $53,000 in annual retail sales on a national level. The total tax base for the McDowell County budget generated from property taxes is $10,500,000. These taxes pay for services ranging from the School System, to the Library, the EMS and programs for Senior Citizens. Existing Industry pays approximately 30% of this tax bill. Of the ten largest taxpayers in McDowell County, seven are existing industry with only the public utilities and the railroads being included in this list. Therefore, the impact generated by our manufacturing companies in affecting the quality of the services offered is significant. Approximately 68,000 acres (28%) of the landmass is exempt from property taxation in McDowell County based on federal government ownership. This burden is basically shifted to business, industry and individual property taxpayers. Everyone is interested in recruiting new companies to our community and it is important to continue to grow and diversify our existing economy. People do not fully realize that most growth in employment and expansion comes from existing industry not new company locations in the State. North Carolina is typically recognized as being one of the most successful States in the nation at recruiting new industry. However, it is important to realize that in a typical year more than twice as many new jobs and more than twice the investment will come from companies that are already located here as opposed to new companies deciding to locate in our State. One of the areas that is clearly not fully measured is the impact that
our existing companies have in the area of providing support to the
community in a wide range of activities. This can take the form of the
United Way Annual Fund Drive, the local Red Cross Blood Drives, support
for the Schools, local volunteer agencies and the new YMCA. There are
immeasurable contributions that are made that create benefits for our
local community that is received from the support of our local
manufacturing companies. There are certainly other benefits and values that are received from our existing companies and developing an understanding of these benefits and properly communicating them to the public needs to continue to be done.
JUNE 21, 2001 A very special event will be held on the evening of June 21, 2001 at Tom Johnson's Rally Park in Marion. In conjunction with the National League of Cities, Small Cities Council Steering Committee Meeting, hosted by the City of Marion, McDowell County and the McDowell Economic Development Association will hold it's first Annual Industry Appreciation Dinner and Reception honoring and recognizing our existing companies. The Baxter's BBQ cooking team has graciously agreed to provide the evening dinner. This process has been coordinated with the Human Resource Officer
Association and there are twenty-one companies participating in the
Product Showcase. They are: Allied Industrial Company The dinner will also include invitations to the entire MEDA membership
and various local elected and appointed officials. Please make plans to
attend this very important event. The dinner will serve the purpose of the
Annual MEDA meeting and any business determined necessary will be
conducted.
ESC Report Patin Howard
McDowell's estimated Unemployment Rates from the beginning of 1998
through 2000 reflects a stable job and labor market with annual estimated
rates between 3.9% and 4.6%. Rates for January through April 2001 reflect
an increase as a whole and in comparison to the same months for 1998
through 2000. Unemployment rates are usually highest in January and
February; however, in 2001 the rates for March and April are highest. Most
of the 2001 increase has been experiences from the manufacturing sector.
MEDA GOALS/OBJECTIVES The McDowell Economic Development Association, Inc. Board of Directors held a series of three planning sessions designed to establish a set of goals and objectives for the organization. A fourth meeting was held with the McDowell County Board of Commissioners for their input into the goal that had been drafted. The goals and objectives were divided into three categories. These categories include 1) Recruiting New Industry, 2) Working with Existing Industry and 3) Issues Addressing Board and Staff Relationships. An overview of these three categories includes the following items: I. RECRUITING NEW INDUSTRY A.) LOCATION: 1.) Locate available property for a new industrial park: a.) Prepare technical information for site (soil samples, environmental
assessment, development costs, etc.) B.) ADVERTISING AND MARKETING: 1.) MEDA will need to maintain a good working relationship with the North Carolina Department of Commerce, Advantage West, Industrial Realtors, Utility companies, etc. 2.) Update the web page with appropriate links within six months. 3.) Review and update Industry Recruitment packet that goes out to prospective clients to include the use of a video to promote the county. Assess the use of a CD of the county. 4.) The Executive Director will participate in at least one trade show
annually. II. WORKING WITH EXISTING INDUSTRY A.) The group agreed to support the efforts of the Industry Visitation team. B.) In addition, the group agreed to support the development of a Resource Directory for local industries. An effort to coordinate this with the State would take place. C.) The group agreed to have an Industry Appreciation Week in June. This would include the following: 1.) A product showcase for existing companies. III. BOARD AND STAFF RELATIONSHIPS A.) BOARD 1.) In January 2001, then in July of each year establish the following sub-committees, with members appointed by the President: 2.) Membership/Finance Committee a.) Develop a plan for growth and retention of members and present to
the full Board at the September retreat. 3.) President and Executive Director conduct orientation session for new Board Members in July of each year. Said orientation to include the following: a.) Category of Memberships 4.) Conduct Annual Retreat in September of each year for the purpose of reviewing, revising as necessary, and prioritizing Goals. 5.) In June of each year, provide feedback to staff through performance appraisals by the Executive Committee. B.) STAFF 1.) Provide opportunity for professional development for staff members. The MEDA Board of Directors unanimously adopted these goals. Let us
know if you have any questions or suggestions regarding these issues.
News from the JobLink What is a JobLink Career Center? The McDowell County JobLink is a user-friendly facility, which provides job seekers, and employers access to a variety of employment and training services ‹ all under one roof. North Carolina has developed a system of JobLink Career Centers so that employers can make informed choices about their workforce needs. What's new about how the JobLink does business? The staff at the JobLink work together as a team to provide the most comprehensive and efficient workforce development system possible. The JobLink is organized using a business model with the focus on customer satisfaction, continuous improvement and business results. What can the JobLink do for my business? We are most proud of our flexibility. The JobLink can
tailor services to meet your hiring and training requirements, including
Workplace Computer Literacy, Adult Basic Skills and English as a Second
Language. We can administer assessments to measure employability,
aptitudes, interests, and reliability. These are just a few of the
services we offer our business customer. What can we do to help your
business? That's pretty much up to you. Please call Jerry, Mary Beth or
Jeannie at 659-6001 to schedule a time to see how the JobLink
can help your business. WE NEED YOUR MEMBERSHIP! The McDowell Economic Development Association has set a goal of increasing its membership from the current 86 members to 125 members. There are three levels of membership ranging from an individual Affiliate membership of $10.00 to a Group membership of $150.00. The typical level of membership is an Associate member at a cost of $100.00 annually. These funds and the MEDA function is to better the community by supporting our existing industry and recruiting new companies that diversify and improve the local economy. If you would like to become a member of the MEDA organization, please contact the MEDA office either by telephone, mail or email. |