First Ever #EconDev Survey of Micropolitans

Our company believes that micropolitans have tremendous growth opportunities ahead, which is why we’ve focused our economic development services on their needs.

And that why we’re also doing the first ever economic development (#econdev) survey just for the nation’s 551 micropolitans (list of micropolitans).

The benefit to participating micropolitans is two-fold:

  1. You’ll get a report with aggregate survey results, which can help you better benchmark your community against your peers in future strategic planning.
  2. You have the ability to submit available buildings and sites to us through the survey.  That information will be kept on file and when we’re working with our private sector clients your micropolitan will get considered if it meets the project parameters.

More Micropolitans Than You Think

Our guess is you’ve probably traveled through one of the nation’s 551 micropolitan statistical areas recently.

In fact, on a recent drive between our Everett, WA headquarters and our Burlington, IA satellite office, we found that there are 18 micropolitans along the way:

I-90 to I-35 to US-34

Ellensburg, WA

Moses Lake, WA

Butte, MT

Bozeman, MT

Sheridan, WY

Gillette, WY

Spearfish, SD

Mitchell, SD

Fairmont, MN

Albert Lea, MN

Mason City, IA

Boone, IA

Marshalltown, IA

Pella, IA

Oskaloosa, IA

Ottumwa, IA

Fairfield, IA

Burlington, IA

The Impact of Micropolitans

Our firm focuses the majority of our economic development consulting services on Micropolitan Statistical Areas.  Why?

  1. There are 551 micropolitan areas which are comprised of 21% of the nation’s counties.
  2. Micropolitans are labor market areas with at least one urban core of no less than 10,000 population and no more than 50,000 population
  3. Total population in micropolitan statistical areas can range from around 11,000 to over 200,000
  4. Pearsall, TX (Frio County) is the nation’s newest micropolitan, having been announced in OMB Bulletin 18-03 in April 2018
  5. Micropolitans have a significant footprint across the US

The following map shows the footprint of Micropolitans across the US.

You Should Know the Economic Impact

How often have you. . .

  • Heard a company press on a city or county to make a decision based on their economic impact locally, but without any data?
  • Considered incentives for an economic development deal without knowing more than the number of jobs and total investment as given by the company?
  • Lacked specific information on the projects your economic development group helped support?
  • Had a developer tout the economic benefits of their proposed speculative building, but not have data to back it up?

In every case, it is important to have this data:

  • To help prioritize how to invest your resources
  • To ensure incentives are based on a ROI to your community
  • To prove the effectiveness of your EDO

Our firm helps our clients (cities, EDOs, companies) with the analysis of the economic impact.  Relying on RIMS II multiplier data from the BEA, we can help you analyze and determine the direct, indirect and induced impacts of a project (or projects) on jobs, economic output and wages.

Contact us and let us help you determine the impacts of your next project.

 

Spencer Project Complete

On Monday (Jan 7, 2019) we presented the Spencer City Council (Spencer, Iowa) with a final draft of their Economic Development Strategic Work Plan.  The plan, developed in conjunction with the city’s Grow Spencer Commission, covers a range of economic development initiatives for the next five years.  Check out the plan.

In accepting the final plan, the Spencer City Council unanimously approved a resolution to implement the plan.

News Coverage:
Council Approves Grow Spencer ED Plan (KCID-FM)