Sturgis, SD (Meade County)

Sturgis Economic Development Corporation (SEDC) Patricia Kurtenbach PO Box 218 Sturgis, SD 57785 605.347.4906 info@sturgisdevelopment.com www.sturgisdevelopment.com

Population

2010 Census 2013 Estimate Growth

Sturgis City Population 6,627 6,883 3.9%

Meade County Population 25,434 27,202 6.5%

Median Age

Percent Male /Median Age

Percent Female/ Median Age

Number of Households

Sturgis City 41.4 49% / 41.4 51% / 41.3 3,236

Meade County 35.8 51% / 34.8 49% / 37.2 11,136

Source: http://factfinder.census.gov/faces/nav/jsf/pages/community_facts.xhtml

Labor Force (as of February 2015)

Sturgis city and surrounding counties included in this demographics data are based on commuting patterns.

Sturgis Butte County, Lawrence County, Meade County, and Pennington County

Area Population

2010 Census

2012 Estimate

Growth 2010-2012

Sturgis 160,589 165,024 2.8%

2012 Pop. By Age

0-17

18-24

25-44

45-64

65+

Area Population

38,434 39,149 40,629 22,576 24,236

Percentage of Current Population

23.3% 23.7% 24.6% 13.7% 14.7%

Labor Supply 9,530

Labor Force Employed Unemployed Rate Sturgis 84,825 81,375 3,450 4.1%

Annual Pay of Covered Workers by Industry

Area Information State Information

Industry Number of

Workers

Percent of Total

Area Annual

Pay

Number of

Workers

Percent of Total

Area Annual

Pay

Natural Resources/ Mining

567 1% $53,467 5,709 1% $37,998

Construction 4,931 7% $39,296 20,474 5% $40,958

Manufacturing 3,546 5% $39,597 41,518 10% $42,448

Trade/Transportation/Utilities

15,144 20% $31,928 82,640 20% $34,631

Information 1,004 1% $39,855 6,024 1% $43,439

Financial Activities

4,482 6% $41,867 29,312 7% $47,769

Professional/ Business Services

5,777 8% $45,758 29,663 7% $45,920

Education/ Health Services

11,837 16% $44,559 62,807 16% $43,637

Leisure/ Hospitality Services

13,062 17% $16,280 44,615 11% $14,108

Other Services 2,579 3% $27,221 10,544 3% $27,229

Total Government

12,286 16% $40,966 71,342 18% $37,879

Largest area employers-updated July 2014

Business Industry Employees

VA Hospital-BH Healthcare Healthcare 751

BH Special Services Co-operative Education 531

Meade School District 46-1 Education 350

Sturgis Regional Healthcare Healthcare 191

City of Sturgis Government 150

Meade County Government 145

McDonald’s Food Service 70

Lynn’s Dakota Mart Grocery 66

Best Western Motel/Caddy’s Lodging/Restaurant 40

Massa Berry Regional Medical Clinic Medical Clinic 38

(LMIC data: commuting pattern counties, area population, labor supply, labor force, employed, unemployed, rate, industry breakdown, avg. wages per occupation: http://dlr.sd.gov/lmic/menu_clp.aspx

Median income http://factfinder.census.gov/faces/nav/jsf/pages/community_facts.xhtml#none

Major employers: original data

Sturgis Median Income $33,043

Workforce Quality

Education Levels of Area Population 25 Years and Older

Education Level Total Area Percentage of Total

Less than High School Diploma

9,018 8.5%

High School Graduates 32,095 30.2%

High School Degree or Higher

97,084 91.5%

Some College No Degree 27,047 25.5%

Associate Degree 9,797 9.2%

Bachelor Degree 19,072 18.0%

Graduate or Professional Degree

9,073 8.6%

Total Persons 25 Years and Older

106,102 100.0%

Educational attainment http://dlr.sd.gov/lmic/menu_clp.aspx

Examples of other workforce quality data:

Overall, in South Dakota in 2013: • 34.7% of residents volunteer, ranking them 7th among the 50 states and

Washington, DC. • 219,290 volunteers • 21.5 million hours of service • $483.5 million of service contributed • 34.5 volunteer hours per capita • 72.2% of residents engage in "informal volunteering" (for example, doing

favors for neighbors) • 28.5% frequently discuss politics with family or friends • 91.0% frequently eat dinner with other members of the household • 46.7% frequently talk with neighbors Source: http://volunteeringinamerica.gov/SD

South Dakota was ranked 2nd most charitable state in 2014. Source: http://wallethub.com/edu/most-and-least-charitable-

states/8555/ South Dakota had the 6th lowest number of bankruptcies filed in the nation in 2014. Source: http://www.abi.org/newsroom/bankruptcy-statistics

As of the end of 2012, the average national credit score was 696, but the average score in South Dakota was 718. Sioux Falls was ranked one of the top 10 cities with the highest credit scores at a whopping 784! Source: http://bankrate.com/finance/credit-cards/10-cities-with-the-

highest-credit-scores-10.aspx and/or http://blog.equifax.com/credit/best-and-worst-credit-scores-by-state/

South Dakota was ranked 12th best state for low student debt as of July 2014. South Dakota also had the:

• 2nd lowest unemployment rate for people aged 25-34 • 2nd lowest percent of student loan borrowers in past-due or

default status • 1st lowest percent of student loan balances in past due or default

status Source: http://wallethub.com/edu/best-and-worst-states-for-student-

debt/7520/

“J&P Cycles has been part of the Sturgis Motorcycle Rally for over 30 years. With the tourist attractions, traffic and economic development taking place within Sturgis, opening this location year-around is a win-win not only for J&P Cycles, but the City of Sturgis as well,” said J&P Cycles Vice President/General Manager Zach Parham.

Sturgis City Manager Daniel Ainslie comments, “The City of Riders is pleased to welcome J&P Cycles into our community year-round. As the world leader of motorcycle aftermarket parts and accessories, they will provide an exciting and valued service to local and traveling riders, alike. J&P and Sturgis look forward to welcoming millions of riders to the beautiful Black Hills throughout this summer and beyond as we prepare to celebrate the 75th Sturgis® Motorcycle Rally™.” Source: testimonials from young professionals/business owners/city

officials: original research; source for example: Sturgis Economic Development Corporation’s website

See how your job options in South Dakota stack up by comparing salaries in up to three different locations. Check it out at: http://calculaterealwages.com Source: http://calculaterealwages.com

Buildings & Land

Sturgis Industrial Park The Sturgis Industrial Park is a South Dakota Certified Site Ready park. SEDC developed the 45-acre Park. Eighteen acres remain for industrial development. Options include purchase, lease-to-purchase, rent and build-to-suit. Because SEDC is a non-profit economic development corporation, it may be able to obtain loans at favorable terms, which can be passed on to the tenants and buyers. The construction cost and lease rate varies depending on the building size, type of construction, amount of finished interior space, sidewall height, electrical demands, etc.

The Sturgis Industrial Park is home to the largest firearms manufacturing cluster in South Dakota.

Other Buildings and Sites. SEDC maintains an inventory of available buildings and sites for sale or lease in Sturgis and Meade County.

Retail Development – Exits 30/32 – SEDC partners with the City of Sturgis to create destination retail services. High daily I-90 traffic counts, a healthy year round tourist trade, and the world-renowned annual Sturgis Motorcycle Rally make Sturgis an ideal location for retail services. A recent Buxton analysis revealed an $81 million leakage, showing Sturgis has room to grow additional retail service offerings.

Contact SEDC at 605-347-4906 or info@sturgisdevelopment.com for more information.

Available properties (commercial buildings & land): original data

Incentives

Incentives are customized according to the needs of each business and are determined by job creation and economic impact. They can include lower interest loans, relocation or training grants, special lease or construction terms, and tax refund credits. SEDC coordinates incentives with City, County, and State development partners.

Local Incentives

Property Tax Abatement –Meade County has no property tax for five years on new commercial structures (or renovations) over $30,000, including 4+plex housing units. Revolving Loan Funds – Lower cost, permanent financing for working capital, fixed assets, and real estate for for-profit businesses. Loan Pool – SEDC partners with the City, County, and private lenders to offer attractive, flexible economic benefit packages.

Based on the type and number of new jobs created, the project’s total capital investment, and a financial statement review, Sturgis/Meade County may offer incentives such as:

• Land to build a new facility. • “At cost” building construction and lease back. • Buy-down of lease cost on constructed facility. • Lower cost, fixed rate financing of equipment and building. • Relocation grants. • Housing for key management during the project’s construction phase. • Office space for key management during the project’s construction

phase. • Office space for initial interviewing of applicants. • Rent during initial phase of building lease.

For more information, call 605-347-4906 or click info@sturgisdevelopment.com.

State Incentives

REDI Fund – Permanent, low interest financing for land, building, equipment, and associated installation costs for start-ups or businesses that are expanding or relocating. SBA 504 – Long-term, lower-cost, fixed-rate financing on fixed asset purchases (land, building, and equipment) to small for-profit businesses. MicroLOAN SD – Working capital, equipment, real estate and other fixed asset project costs for small enterprises, such as Main Street and retail operations. Interest rate is 3%. Workforce Training Grant – Up to 50% ($1,000 max) matching grant for training expenses.

For more information, click http://sdreadytowork.com/incentives-taxes.aspx

Taxes

South Dakota consistently ranks tops for tax climate and positive regulatory environment and is committed to having the best tax climate in the nation.

South Dakota businesses are not over-burdened with excessive taxes or

oppressive regulations, and have a competitive edge over their counterparts in other areas of the United States. South Dakota businesses benefit from: • No corporate income tax • No business inventory tax • No personal income tax • No personal property tax • No inheritance tax

South Dakota consistently ranks among the top states in which to do

business according to the Tax Foundation’s State Business Tax Climate Index, the Small Business Entrepreneur’s Council, and the Business Facilities Rankings Report.

To compare your state, click http://sdreadytowork.com/50-State-Comparison.aspx

While South Dakota’s tax climate is impressive, there are a few taxes and costs.

Here’s a brief overview of the most common taxes and costs in Sturgis/Meade County: Sales & Use Tax: SD State: 4%

Sturgis City: 2%

Real Property Tax: Meade Co. None (For five years on new commercial construction , or renovations, valued over

$30,000.) Real property taxes are determined by taking the local mill levy (Sturgis is

2.664) and applying it to 85% of the property’s market value. Personal Property Tax: None

Personal Income Tax: None

Business Inventory Tax: None

Corporate Income Tax: None

Inheritance Tax: None

Local Occupation Tax: None

Local Wage Tax: None

State Property Tax: None

Unemployment Insurance South Dakota has the 3rd lowest unemployment rate in the nation. For new employers, the rate is 1.75% the first year. Years two and three will not be increased, and may be reduced to 1.55% if the employer maintains a positive account balance. Thereafter, the rate is based on experience.

Workers Compensation A recent study shows South Dakota ranking 9th in the nation for net insurance costs. The average manufacturing cost in South Dakota is $2.87 per $100. The national average for manufacturers is $3.71 per $100.

Contact SEDC at 605-347-4906 or info@sturgisdevelopment.com for more

information.

Local incentives (tax climate, city incentives, link to GOED for state incentives): original & 3rd party data

Utilities

Water Provider: City of Sturgis

Source: Madison & Minnelusa Aquifers

% of Population Served: 100%

Capacity: 35 mgd

Peak Demand: 900,000 gal/day

Chemical Breakdown: Chlorine & Fluoride

Cost: $12.50

Base Amount: $2.30

Connection Fee: $60.00 Owner

Sewer

Provider: City of Sturgis

Type of Service: Lagoons

Capacity: 1.00 mgd

Peak Demand: 0.70 mgd

Cost: $24.00/month

Connection Fee: $100.00

Solid Waste

All Providers: Transported to Belle Fourche, SD landfill

Classification: Type 2B

Life Expectancy: 25 years

Future Plans: Expansion planned in 7 years

Electric

Provider: Black Hills Power

Serves: Sturgis, Piedmont, Black Hawk, Summerset, Tilford

Deregulation: No

Average Cost in cents per kWh

Small Medium Large

Industrial Low LoadFactor – 28%

12.76

12.29

12.06

Industrial High LoadFactor – 92%

8.60

8.43

8.36

Commercial Low LoadFactor – 41%

12.54

10.90

10.53

Commercial High LoadFactor – 50%

11.78

10.16

9.85

Electric

Provider: Butte Electric Cooperative

Serves: Sturgis

Small Commercial

Service Charge: $32.50/month

750 KWH: $0.1680 per KWH/mo.

Excess KWH: $0.11 per KWH/mo.

Metered Heat: $0.06 per KWH/mo.

Large Commercial-3 phase

Demand Charge: $12.00 per KW/mo

KWH/100 per KW: $0.095 per KWH/mo.

Excess KWH: $0.09 per KWH/mo.

Metered Heat Credit: $0.021 per KWH/mo.

Mo./Minimum: $2.40 per KVA Cap.

Natural Gas

Provider: Montana Dakota Utilities

Average Industrial Cost*: $5.11/dk

Interruptible Transportation Rates*: Large $ .198 dk

Small $ .378/dk

Interruptible Sales Rate*: Large $ 5.11/dk

Small $ 4.95/dk

Firm or non-interruptible service is available for loads of 2.5 mmbtu/hr or less. More depending on natural gas load factor. *Average rate December 2013 – July 2014 *Definition: Large = More than 40,000 dk/yr Small = Less than 40,000 dk/yr

For more information:http://www.montana-dakota.com/rates-and-services/rates-and-tariffs

Telecommunications

# Service Providers: 6

Switch Technology: Digital

Monitoring: Yes/Remote

Fiber Service: Yes

ISDN: Yes

DSL: Yes

ADSL: Yes

Dual Feed: Yes

Providers:

WOW!

Mid-Continent Communications

Century Link 855-861-2800 http://www.centurylinkdeals.com

AT&T

Verizon

DSL.com 866-945-3694 http://www.dsl.com/local/

Utilities (rates & contact info-electric, water, sewer, telecom, natural gas/propane): original data

Transportation

Highways: I-90

US 14, 14A, 85

SD 34, 79

Motor Carriers:

30

Rail Service: Dakota, Minnesota & Eastern (Canadian Pacific) http://sddot.com/transportation/railroads/docs/railmap.pdf

Air Service: Sturgis Municipal Airport, 7 miles

Rapid City Regional Airport, 41 miles http://www.rcgov.org/Airport

Distances: Chicago, IL 937 miles

Denver, CO 405 miles

Des Moines, IA 651 miles

Kansas City, KS 727 miles

Minneapolis, MN 600 miles

Omaha, NE 549 miles

St. Louis, MO 981 miles

Winnipeg, Canada 735 miles

Commuting Times of Workers

Commute Time Total Area Percentage of Total

Less than 10 Minutes 18,396 23.8%

10-19 Minutes 32,105 41.6%

20-29 Minutes 14,234 18.5%

30-44 Minutes 7,023 9.1%

45+ Minutes 5,376 7.0%

Total 77,134 100.0%

Transportation/location (rail, air, highway: distance to each (google maps) commute times http://dlr.sd.gov/lmic/menu_clp.aspx distance to major cities (mapquest or google maps)

Housing

NEW HOUSING Average Sales Price (July 2012) Single Family 4-Bedroom $261,000 Single Family 3-Bedroom $138,000 Townhouse/Condo 2-Bedroom $191,500 EXISTING HOUSING Average Sales Price (July 2012) Single Family 4-Bedroom $158,769 Single Family 3-Bedroom $143,018 Townhouse/Condo 2-Bedroom $148,000 Average Monthly Rent (July 2012) Single Family 3-Bedroom House $ 900.00 New Apartment 2-Bedroom $ 600.00

Housing (avg. rental & sale prices, could include where to find listings online/newspaper/realtors, property taxes [here or with taxes]): original data

Cost of Living Indexes Sturgis South Dakota Overall 94.2 98 Food 108.9 102.6 Housing 72.3 98 Utilities 84.4 93

Transportation 95.8 96 Health 100.5 93 Miscellaneous 113.3 104 U.S.=100

Cost of living [C2ER https://www.coli.org/ for a fee or http://bestplaces.net/cost-of-living/ for free ]

Education

Local public school K-12: Meade District 46-1

Schools/Number Enrollment Student/Teacher Ratios

Elementarty/8 1,266 17:1

Middle/1 456 17:1

Senior High/1 725 19:1

Higher Education

South Dakota School of Mines & Technology Rapid City, SD Enrollment: 2,354

SDSM&T is a public technological university that specializes in a rigorous engineering and science curriculum, offering 23 undergraduate degrees, 13 MS degrees, and 6 PhD degrees. SDSM&T prepares students for leadership roles in engineering and science, advances knowledge through applied research, and benefits the state, region, and nation through collaborative efforts in education and economic development.

Black Hills State University Spearfish, SD Enrollment: 4,722

BHSU is South Dakota’s third largest public university. Business, technology, entrepreneurship, computer programming and computer applications provide training necessary for today’s business world. As a full-featured university, it offers 2-year certificate programs plus over 80 majors in baccalaureate and master degree programs. Distance learning is also offered.

Western Dakota Tech Rapid City, SD Enrollment: 1,152

WDT is the only technical institute serving the western SD region. WDT offers more than 20 programs in a variety of career fields, from certificate to 2-year associate degrees. WDT provides customized training programs to meet individual business needs and applications, as well as career internship opportunities.

National American University Rapid City, SD Enrollment: 1,973

NAU is a private university with sites nationwide. NAU offers a wide variety of undergraduate programs, including Bachelor of Science degrees, Associate of Applied Science degrees, and diplomas in accounting, applied management, business, allied health, criminal justice, healthcare management, nursing, legal studies, and information technology.

Education (number of schools, teacher/student ratio, test scores, enrollment) http://doe.sd.gov/ofm/statdigest.aspx

Colleges & tech schools-(info about majors & grad rates) http://sdbor.edu/mediapubs/factbook/documents/FY15Factbook.pdf or contact school directly): 3rd party and/or original data

Quality of Life

Nestled between the Black Hills National Forest and the Badlands National Park, Sturgis is a gateway mecca for outdoor enthusiasts. Recreation activities abound all year, as each season brings a new opportunity for fun. Whether it is camping, hiking, bicycling, snowmobiling, water skiing, boating, fishing, downhill skiing, hunting, rock climbing, or touring the 101 miles of scenic byways, recreation is the heart of the region. You truly are “Free to Profit. Free to Play”. To learn more, click www.blackhillsbadlands.com.

Sturgis is known worldwide as host of the legendary Sturgis Motorcycle Rally. Held each year in August, the 2014 event will be the 74th Rally. Hundreds of thousands of motorcycle enthusiasts converge on Sturgis and Meade County during a two week period to enjoy professional entertainment venues, great food, good friends, and of course, great rides! Sturgis Motorcycle Museum & Hall of Fame is on the top of “things to see” year round.

Sturgis is an energetic community of 6,600+ with an active Chamber of Commerce and Visitors Bureau. For more area information and events, click www.sturgisareachamber.com.

Nearby recreational outlets and places of interest:

• Badlands National Park • Bear Butte State Park

• Black Hills National Cemetery • Black Hills National Forest

• Buffalo Chip Shooting Complex • CORBON Law Enforcement and Civilian Training Center

• Crazy Horse Memorial • Deadwood Gaming • Devil’s Tower National

Monument • Fort Meade National Cemetery

• Fort Meade Recreation Area & National Back Country Byway

• Mickelson Trail

• Mount Rushmore National Monument

• Old Fort Meade Cavalry Museum

• SD Centennial Trail • Sturgis Arts Council • Sturgis Center for the Arts • Sturgis Community Center • Vanocker Canyon

• Wonderland Cave

Public Recreation

Indoor Swimming Pool Public Golf Course

Live Performance Theatre Bike/Walking Path Tennis Courts Soccer Fields Baseball/Softball Fields Rodeo Grounds Fair Grounds Parks Skateboard Park

Recreation http://travelsd.com or original research

Religious Affiliations

Protestant: 16

Catholic: 1

Health Facilities

Hospitals: 2

Medical Clinics: 3

Dental Clinics: 3

Eye Clinics: 2

Physical Therapy: 2

Chiropractic: 1

Orthodontic: 2

Communications

Radio Stations: 12

TV Stations: 4

Newspapers: 2

Internet providers: 4

Climate

Average Precipitation: 21.76″

Average Snowfall: 51.8″

Average Snow Depth: 0.3″

Avg Max Temperature: 62.6

Avg Min Temperature:

37.5

Summer temperatures tend to be in the 70’s; winter temperatures in the 20’s. Average summer temperature is 72.

July is the warmest month of the year, with an average maximum temperature of 86.20 degrees.

January is the coldest month of the year, with an average minimum temperature of 12.70 degrees.

Average winter temperature is 24.

climate, healthcare facilities, etc. http://city-data.com/city/South-Dakota.html (-mostly 2012 & 2013: data not guaranteed) and/or original research

**Use pictures, tables, graphs to add visual interest and break up sections. Keep colors & styles consistent throughout document. Make sure to update at least once per year.