FABER’S FARM EQUIPMENT EXPANDING TO WATERTOWNrvi-inc.com/images/news/NewsletterSpring2016.pdf ·...
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WATERTOWN DEVELOPMENT COMPANY NEWS Issue #2,Spring 2016 Watertown Development Company News Quarterly ABOVE: SCREENSHOT OF FABER’S FARM EQUIPMENT WEBSITE WDC WINS AWARD FABER’S FARM EQUIPMENT, an Iowa- based farm equipment assembler and dealer of McCormick, Vermeer, Krone and Versatile farm equipment, is expanding its operations to Watertown, a move that will create six jobs initially, with additional staff added over the next two years, according to Watertown Development Company’s Executive Director, Craig Atkins. WDC staff worked closely with the company to locate their operations in Pheasant Ridge Industrial Park, just south of Benchmark Foam. The company completed the purchase of eight acres of land to begin construction of their new building. The company’s capital investment is estimated to be over $1.2 million dollars. “Faber has experienced significant growth in the last several years and Watertown had what it needed in terms of location, transportation needs, visibility and workforce availability,” said Atkins. Faber’s Farm Equipment will provide sales, service, assembly, distribution and repair of their lines. Wilmer Faber, President of Farber’s Farm Equipment said, “We have a lot of customers in northeast South Dakota all the way up to Canada. A Watertown location will bring us closer to them and provide our customers and potential new customers with better access to our services.” The company hopes to be fully operational in early July. WDC Recognized For Marketing Effort at MAEDC Conference An annual report created by the Watertown Development Company in 2014 earned an award from the Mid-America Economic Development Council Annual Economic Development Awards Competition in December. Winners were chosen from a panel made up of site selectors and a marketing executive. The WDC took 2 nd place during the conference awards luncheon on December 7th, 2015. The Mid-America EDC Annual Economic Development Awards competition is open to all economic development organizations in the Mid- America EDC 10-state region. This is not the first time the WDC has been recognized for their marketing efforts. In 2013, the International Economic Development Council (IEDC) awarded the WDC the 2013 International Economic Development Council Silver Award for Special Purpose Brochure. FABER’S FARM EQUIPMENT EXPANDING TO WATERTOWN
Transcript of FABER’S FARM EQUIPMENT EXPANDING TO WATERTOWNrvi-inc.com/images/news/NewsletterSpring2016.pdf ·...
WATERTOWNDEVELOPMENTCOMPANYNEWS Issue#2,Spring2016
Watertown Development
Company News
Quarterly
ABOVE:SCREENSHOTOFFABER’SFARMEQUIPMENTWEBSITE WDCWINSAWARD
FABER’S FARM EQUIPMENT, an Iowa-
based farm equipment assembler and
dealer of McCormick, Vermeer, Krone
and Versatile farm equipment, is
expanding its operations to
Watertown, a move that will create six
jobs initially, with additional staff
added over the next two years,
according to Watertown
Development Company’s Executive
Director, Craig Atkins.
WDC staff worked closely with the
company to locate their operations in
Pheasant Ridge Industrial Park, just
south of Benchmark Foam. The
company completed the purchase of
eight acres of land to begin
construction of their new building. The
company’s capital investment is
estimated to be over $1.2 million
dollars.
“Faber has experienced significant
growth in the last several years and
Watertown had what it needed in
terms of location, transportation
needs, visibility and workforce
availability,” said Atkins.
Faber’s Farm Equipment will provide
sales, service, assembly, distribution
and repair of their lines.
Wilmer Faber, President of Farber’s
Farm Equipment said, “We have a lot
of customers in northeast South
Dakota all the way up to Canada. A
Watertown location will bring us closer
to them and provide our customers
and potential new customers with
better access to our services.”
The company hopes to be fully
operational in early July.
WDC Recognized For Marketing Effort at MAEDC Conference AnannualreportcreatedbytheWatertownDevelopmentCompanyin2014earnedanawardfromtheMid-AmericaEconomicDevelopmentCouncilAnnualEconomicDevelopmentAwardsCompetitioninDecember.
Winnerswerechosenfromapanelmadeupofsiteselectorsandamarketingexecutive.TheWDCtook2ndplaceduringtheconferenceawardsluncheononDecember7th,2015.
TheMid-AmericaEDCAnnualEconomicDevelopmentAwardscompetitionisopentoalleconomicdevelopmentorganizationsintheMid-AmericaEDC10-stateregion.
ThisisnotthefirsttimetheWDChasbeenrecognizedfortheirmarketingefforts.In2013,theInternationalEconomicDevelopmentCouncil(IEDC)awardedtheWDCthe2013InternationalEconomicDevelopmentCouncilSilverAwardforSpecialPurposeBrochure.
FABER’S FARM EQUIPMENT EXPANDING TO WATERTOWN
WATERTOWNDEVELOPMENTCOMPANYNEWS|Issue#2,SPRING2016
RitalkaInc.,parentcompanyofSpecSysInc.inWatertown,recentlyannouncedthatoneoftheirsubsidiaries,RVIInc.,hassetupoperationsintheSpecSysbuilding.
Thecompanyprovidescomprehensiveelectronicservicesforclientswithcomplexneedsoverabroadrangeofindustries.
CraigAtkins,ExecutiveDirectorfortheWatertownDevelopmentCompanysaid,“We’reencouragedthatRitalkacontinuestomakeaninvestmentinWatertown.Whenwebegandiscussionswiththecompanyoverayearago,thiswasourhope-thattheywouldfindanadditionalbusinesstolocatehereandfilltheirfacility.TheadditionofjobsandotherworkintheelectronicsfieldisacomplimenttoWatertown’sabilitytoprovidethecompanywithaskilledandexperiencedworkforceforthisendeavor.“
ByexpandingtheiroperationstoWatertown,thecompanyexpectstoimprovetheservices
theyoffertotheirclients.ToddOsman,PresidentofRVIInc.,saidthelocationalsoallowsforcontinuedgrowthofthecompany.“Thenewlocationallowsustorespondtoexistingclients’requestswithoutlimitations,regardlessoftheserviceofferingandimprovesresponsetoanynewopportunitiespresentedbyouraccountexecutives.”
ConvertingaportionofthefacilitythatissharedwithSpecSysInc.intoanRVIservicecenterturnedouttobetheperfectsolutionfortheirneeds.Osmansaid,“Watertownhasmajorlogisticscarrierdrop-offcenters,whichgivesustheabilitytobemoreefficientinprocessingfinishedgoodsinventoryforourclients.”
RVIhasalreadyhiredseveralemployeesfor
thenewoperationandisexpectedtoaddover20newemployeeswiththenextyear.
ForMoreInformation
RVI,Inc.isacomprehensiveelectronicserviceproviderforclientswithcomplexneedsoverabroadrangeofindustries.
RVIInc.
304IndustrialDrive
RedwoodFalls,MN56283
www.rvi-inc.com
Whetherit’stimeconsumingorachallengingpositiontofill,manyemployersfacebarrierstofindingtherightpeopleforcontinuedsuccessandgrowth.TheWatertownWorkforceAdvisoryCouncilprovidesemployerswitharesourceforhiringsolutions.
OnewaythehiringgapsarefilledisbyutilizingAttract&Enhancematchingfunds.TheprogramwascreatedbytheWatertownDevelopmentCompanyandisinplacetostrengthenandgrowareaworkforcebyassistingwithrelocationexpensesofemployees.Inadditiontorelocationassistance,theprogramhelpsattractnewresidentsbyprovidingtuitionreimbursement
fortrailingspousesorimmediatehouseholdmembersofemployeesnewtoWatertownthatareeitherstartingorcontinuingtheireducationatoneofthelocallearninginstitutions.
Likethenamestates,theprogram’suseisnotlimitedtotheattractionofnewemployeestothearea.Italsoprovidesfundsforthetrainingand/orupskillingofexistingemployees.Thisgivesparticipatingbusinessesanedgeinemployeerecruitmentandretention,andtheemployeetheskillsneededtogrowprofessionally,eitherattheircurrentcompanyoranewopportunityinthefuture.
Sincetheprogram’sinception,10employershavesubmitted24applications.Ofthose,22applicationshavebeenapproved.
Theapplicationsthathavebeenapprovedtotal$21,200.00.NineapplicationsweretorelocateworkersfromotherareasoftheU.S.toWatertown.
Employersthathaveparticipatedintheprograminclude:WatertownMunicipalUtilities,WorthingtonIndustries,Enercept,EscoManufacturing,Persona,WurthElectronics,andDakotaBodies,TwinCityDieCastingsandDacotalandManufacturing.
Visitwww.watertownworks.com/work/workforce-training/tolearnmore.
RVI, Inc. Expands To SpecSys Building
Training Fund Helps Businesses Expand Pool Of Skilled Workers
WATERTOWNDEVELOPMENTCOMPANYNEWS|Issue#2,SPRING2016
GROWTHINNUMBERS
Figure1:CapitalInvestmentDollars(ThroughDecember2015)
Capital Investment Thefinalnumbersareinforlastyear.ConstructionactivityintheWatertownareacontinuedtoincreasethroughDecember.
Figure2:NewSingleFamilyHomeDollarsinthemillions(ThroughDecember2015)
New Single Family Construction Constructiondollarsandpermitsforsingle-familyhousingunitsremainedsteady.
Figure3:NewCommercialConstructionpermitsanddollarsinthemillions.(ThroughDecember2015)
New Commercial Construction BuildingpermitsanddollarsfornewcommercialbuildingsalsocontinuedtoremainsteadyinWatertown.
Figure4:WatertownMiSAUnemploymentRate
Watertown’sMiSAunemploymentrate(Above)for2015averaged3.3percentthroughDecember,accordingtothestateLaborMarketCenter.
Figure5:WatertownMiSAPeopleEmployed
ThenumberofpeopleemployedintheWatertownMiSAroseoverthelastyear,averaging15,004throughDecember.
LaborforcenumbersintheWatertownMiSAalsosawpositivegrowthin2015(Figure6,below).
Figure6:WatertownMiSALaborForcenumbersremainpositive
Accordingtothemostrecentdataavailable,Sperling’sBestPlaces(www.bestplaces.net),reportsthatWatertown,SDtopsthelistinjobgrowthamongstmunicipalitiesofsimilarsizeinSouthDakota(Figures7&8).
Figure7showsWatertownisprojectedtogrowjobsoverthenexttenyearsby41.5%.
Figure7:FutureJobGrowth-Theprojectedchangeinjobavailabilityoverthenexttenyearsbasedonmigrationpatterns,economicgrowth,andotherfactors.Updated:June2014.
Figure8showsWatertowntopsthelistwithanincreaseinavailablejobsovera12-monthperiodinJune2014.
Figure8:Thepercentagesofincreaseordecreaseinavailablejobsoverthemostrecent12-monthperiod.Adecreaseinavailablejobsisrepresentedasanegativenumber.Updated:June2014
$45.8$48.5$46.0$45.0$63.0$65.0
427 486 527 456 484 535
2010 2011 2012 2013 2014 2015
$5.0 $5.8 $6.5 $7.0 $6.6$9.4
33 32 37 47 43 49
2010 2011 2012 2013 2014 2015
$11.9$26.0
$10.0 $10.7$26.9 $40.0
1218 23 23 21 21
2010 2011 2012 2013 2014 2015
54.4 3.7
3.53.3 3.3
2010 2011 2012 2013 2014 2015
14,275
14,644
14,902 14,935
14,916
15,004
2010 2011 2012 2013 2014 2015
15055
15345
15500
15485
1542015530
2010 2011 2012 2013 2014 2015
41.5%
35.6%
38.7%
41%39.7%
38.9%
40.8%40.6%
37.3%
Waterto
wn
Abe
rdee
n
Mitch
ell
Brook
ings
Yank
ton
Huron
Pierre
Spea
rfish
Verm
illion
2.57%
-0.45
0.91%
2.09%
1.52%1.15%
1.8%2.25%
0.44%
Waterto
wn
Abe
rdee
n
Mitch
ell
Brook
ings
Yank
ton
Huron
Pierre
Spea
rfish
Verm
illion
WATERTOWNDEVELOPMENTCOMPANYNEWS|Issue#2,SPRING2016
Watertown Development
Company News Quarterly
WATERTOWNDEVELOPMENTCOMPANYNEWS|Issue#2,SPRING2016
1EastKempAvenueWatertown,SD57201
