ECO DEV O uPD A TE
Many people in Edwards County have the opinion that our communities are in a decline and that soon they will all be ghost towns. However, I have evidence to the contrary. Since November of 2010, just 7 short months, we have welcomed 7 new businesses to Edwards County and have had two businesses turn over to new owners retaining the business and the jobs they provide. That is more than 1 new business a month.
Edwards County Economic Development
Eco Devo update
Celebrate new Businesses!
Many times people are looking for a big announcement of a new plant or a large retail store. However, over 85% of the jobs in the United States are provided by small businesses. Cultivating small businesses in our communities will provide us will more jobs than bringing in a big corporation and will ensure that the control of those businesses stays local. If you have a chance, stop in and welcome our new businesses to show your support. Doni Kay’s Café, 721 W Highway 50, Kinsley; Good Company/United Wireless, 512 S. Niles, Kinsley; Insight Insulation, 620-233-6027; Kinsley Vet Clinic, 502 Marsh, Kinsley; Frozen Oasis, Corner of Hwys. 50 & 183, Kinsley; Oz-mmm Ole’, 524 S. Massachusetts, Kinsley; Schaller Insurance Agency, 204 E. 6th, Kinsley; Circle HF Guest Ranch, 2133 O Rd., Lewis, 620-3243265; Regniers Auto Shop, Offerle.
Volume 1, Issue 1
In this issue: Celebrate New Businesses
1
Starting Your Own Business
1
Retail Gap Analysis
2
Educational Opportunities
2
June 20, 2011
Economic Development Q&A Question: Why don’t we have a new ambulance shelter? Answer: Last summer the county looked into applying for a grant to fund a new ambulance shelter. However, the grant source requires at least 51% of the recipients to be low or moderate income. The 2000 census shows our county at 45% LMI. A survey was sent out to try to establish 51% LMI, however, there were not enough surveys returned to qualify for the grant. So we were not able to apply for that grant because we did not meet the qualifications.
Starting Your Own Business Class Have you ever thought of starting your own business but never to the steps necessary to make it a reality? Then this class is for you. Starting Your Own Business is a 4-part seminar designed to turn your unique idea or dream of
owning your own business into a reality. The class will take place on July 19, 26 and August 2 & 16 from 7 PM to 9 PM at the DCCC Outreach Center, 219 E 6th Street, Kinsley. Topics covered will include
gathering info, finding a need, organization, and business entity, business plan writing, cash flow projections/financing, Q&A an attorney, accountant and small business owners. Fee for the class is $25. Contact our office at 620-659-2711 to register.
Edwards County Economic Development
P.O. Box 161 108 E. 6th Street Kinsley, KS 67547 Phone: 620-659-2711 Fax: 620-659-3304 E-mail: [email protected]
Helping our community grow!
We’re on the web! www.edwardscounty.org
Retail gap analysis The Center for Economic Development and Business Research at Wichita State University has completed a Retail Gap Analysis Study for all counties in Kansas. This study is designed to identify underserved market areas in order to help those wanting to start a business determine whether there is a need for the particular retail venue, if it is being served by other businesses, or perhaps neighboring counties are serving that need. The report takes the amount of personal income earned by individuals in the county then divides that by the population. Then it looks at the amount of retail sales in
the county and determines what percentage of the available income of our residents is being spent in the county and compares that number to other similar sized counties in Kansas. According to the report, Edwards County is only capturing 33.6% of the taxable income of our residents as compared to similar sized counties who captured an average of 46.6% of their personal taxable income. The study also reveals how much business we are pulling from other counties. A number above 1 indicates that the county is pulling more business in than is leaving. A factor of 1 would
Another interesting feature of the report shows, by retail type, if there is a gap in that service in the community. This information can be particularly helpful to individuals looking to start a retail business and to recruiting retail businesses to the area. To see the report go to http:// www.cedbr.org/students/ newsletter/reports/2011/ RetailGapFinal.pdf
Education opportunities Governor’s Economic Summit: Future of the Ogallala Aquifer: Governor Brownback is hosting this summit which is one in a series of summits focused on growing the Kansas economy and creating jobs. It will be held July 21, 2011 at Colby Community college. The summit will address the three following questions: What is the future of the Aquifer?, What is the individual’s role?, What can the State do to help? Register by July 15 at www.kwo.org.
We’re Moving!!! Our office will be moving to the old Police Department Office at Kinsley City Hall at the end of the month. Our new address will be 721 Marsh.
indicate that the county pulls in about the same amount of business that is going out of county. A factor below 1 indicates that more business is leaving the county than is coming in. Edwards County’s Pull Factor number is .57.
Wind Farm Construction Workshop: Building contractors interested in any aspect of sub-contracting for wind farm construction projects on Four Wind Farms which will be built in 2011 and 2012 in Ford, Lincoln, Ellsworth, and Elk counties. August 9, 2011, Wichita, KS. Contact Joey Federickson at [email protected] for info.
Working Well Conference: August 23, 8AM to 5PM, Hyatt Regency Wichita, 200 W. Waterman, Registration is $95. Sponsored by the Health and Wellness Coalition of Wichita. Your chance to get tons of inside information on how to create, maintain and grow work-site wellness programs. For questions contact Jalaa Kuberski, [email protected]. Bringing Kansas Home; Kansas Housing Conference: Working to create innovative, affordable housing solutions, the Kansas Housing Conference is a must-attend event for elected officials, housing advocates, community development leaders business professionals and developers. Takes place August 9th-11th at Hyatt Regency in Wichita. Call 785-296-0081 for information or visit www.KansasHousingConference.org to register.
Edwards County Economic Development
Eco Devo update
Celebrate new Businesses!
Many times people are looking for a big announcement of a new plant or a large retail store. However, over 85% of the jobs in the United States are provided by small businesses. Cultivating small businesses in our communities will provide us will more jobs than bringing in a big corporation and will ensure that the control of those businesses stays local. If you have a chance, stop in and welcome our new businesses to show your support. Doni Kay’s Café, 721 W Highway 50, Kinsley; Good Company/United Wireless, 512 S. Niles, Kinsley; Insight Insulation, 620-233-6027; Kinsley Vet Clinic, 502 Marsh, Kinsley; Frozen Oasis, Corner of Hwys. 50 & 183, Kinsley; Oz-mmm Ole’, 524 S. Massachusetts, Kinsley; Schaller Insurance Agency, 204 E. 6th, Kinsley; Circle HF Guest Ranch, 2133 O Rd., Lewis, 620-3243265; Regniers Auto Shop, Offerle.
Volume 1, Issue 1
In this issue: Celebrate New Businesses
1
Starting Your Own Business
1
Retail Gap Analysis
2
Educational Opportunities
2
June 20, 2011
Economic Development Q&A Question: Why don’t we have a new ambulance shelter? Answer: Last summer the county looked into applying for a grant to fund a new ambulance shelter. However, the grant source requires at least 51% of the recipients to be low or moderate income. The 2000 census shows our county at 45% LMI. A survey was sent out to try to establish 51% LMI, however, there were not enough surveys returned to qualify for the grant. So we were not able to apply for that grant because we did not meet the qualifications.
Starting Your Own Business Class Have you ever thought of starting your own business but never to the steps necessary to make it a reality? Then this class is for you. Starting Your Own Business is a 4-part seminar designed to turn your unique idea or dream of
owning your own business into a reality. The class will take place on July 19, 26 and August 2 & 16 from 7 PM to 9 PM at the DCCC Outreach Center, 219 E 6th Street, Kinsley. Topics covered will include
gathering info, finding a need, organization, and business entity, business plan writing, cash flow projections/financing, Q&A an attorney, accountant and small business owners. Fee for the class is $25. Contact our office at 620-659-2711 to register.
Edwards County Economic Development
P.O. Box 161 108 E. 6th Street Kinsley, KS 67547 Phone: 620-659-2711 Fax: 620-659-3304 E-mail: [email protected]
Helping our community grow!
We’re on the web! www.edwardscounty.org
Retail gap analysis The Center for Economic Development and Business Research at Wichita State University has completed a Retail Gap Analysis Study for all counties in Kansas. This study is designed to identify underserved market areas in order to help those wanting to start a business determine whether there is a need for the particular retail venue, if it is being served by other businesses, or perhaps neighboring counties are serving that need. The report takes the amount of personal income earned by individuals in the county then divides that by the population. Then it looks at the amount of retail sales in
the county and determines what percentage of the available income of our residents is being spent in the county and compares that number to other similar sized counties in Kansas. According to the report, Edwards County is only capturing 33.6% of the taxable income of our residents as compared to similar sized counties who captured an average of 46.6% of their personal taxable income. The study also reveals how much business we are pulling from other counties. A number above 1 indicates that the county is pulling more business in than is leaving. A factor of 1 would
Another interesting feature of the report shows, by retail type, if there is a gap in that service in the community. This information can be particularly helpful to individuals looking to start a retail business and to recruiting retail businesses to the area. To see the report go to http:// www.cedbr.org/students/ newsletter/reports/2011/ RetailGapFinal.pdf
Education opportunities Governor’s Economic Summit: Future of the Ogallala Aquifer: Governor Brownback is hosting this summit which is one in a series of summits focused on growing the Kansas economy and creating jobs. It will be held July 21, 2011 at Colby Community college. The summit will address the three following questions: What is the future of the Aquifer?, What is the individual’s role?, What can the State do to help? Register by July 15 at www.kwo.org.
We’re Moving!!! Our office will be moving to the old Police Department Office at Kinsley City Hall at the end of the month. Our new address will be 721 Marsh.
indicate that the county pulls in about the same amount of business that is going out of county. A factor below 1 indicates that more business is leaving the county than is coming in. Edwards County’s Pull Factor number is .57.
Wind Farm Construction Workshop: Building contractors interested in any aspect of sub-contracting for wind farm construction projects on Four Wind Farms which will be built in 2011 and 2012 in Ford, Lincoln, Ellsworth, and Elk counties. August 9, 2011, Wichita, KS. Contact Joey Federickson at [email protected] for info.
Working Well Conference: August 23, 8AM to 5PM, Hyatt Regency Wichita, 200 W. Waterman, Registration is $95. Sponsored by the Health and Wellness Coalition of Wichita. Your chance to get tons of inside information on how to create, maintain and grow work-site wellness programs. For questions contact Jalaa Kuberski, [email protected]. Bringing Kansas Home; Kansas Housing Conference: Working to create innovative, affordable housing solutions, the Kansas Housing Conference is a must-attend event for elected officials, housing advocates, community development leaders business professionals and developers. Takes place August 9th-11th at Hyatt Regency in Wichita. Call 785-296-0081 for information or visit www.KansasHousingConference.org to register.
