Transcript "Target 5 – Buy In!" PowerPoint Presentation

Marshalltown Area Chamber of Commerce
709 South Center Street
P.O. Box 1000
Marshalltown, Iowa 50158
A PROUD
HISTORY
MARSHALL COUNTY
ENTREPRENEURS
CREATED AND PRODUCED
NEW PRODUCTS
1880-William Fisher
invents the constant
pressure pump governor
1893- J.C. and E. L.
Williams, begin
trowel production
1895-Dave Lennox
produces the
riveted-steel furnace
THESE
MARSHALL COUNTY
COMPANIES
BECAME MULTI-NATIONAL
CORPORATIONS
100 YEARS
LATER
 NEW TECHNOLOGIES ARE CREATED
 ESTABLISHED COMPANIES CHANGE
 NEW COMPANIES EMERGE
 THE AREA BECOMES MORE DIVERSE
 MARSHALLTOWN & MARSHALL COUNTY
COMPETE IN A GLOBAL ECONOMY
IN 2003 THE LOCAL
ECONOMY PRODUCED
GOODS AND SERVICES
WORTH $6.7 BILLION!
LOCAL BUSINESSES & INSTITUTIONS
PURCHASED GOODS & SERVICES WORTH NEARLY
$1.2 BILLION FROM OUT-OF-AREA SUPPLIERS
*David Swenson, Department of Economics, Iowa State University
WHAT
IF?
SOME OF THESE OUT-OF-AREA
PURCHASES COULD STAY IN
MARSHALL COUNTY?
“BUYING IN”
A LITTLE MEANS
BUILDING AND
GROWING A LOT
WE UNDERSTAND THAT OUR AREA CANNOT
PROVIDE 100% OF ALL GOODS AND SERVICES THAT
ARE NEEDED AND REQUIRED FOR BUSINESSES,
INSTITUTIONS AND GOVERNMENTS. BUT WE ALSO
KNOW THAT A SMALL SHIFT HAS A HUGE IMPACT.
IN FACT,
SHIFTING JUST 5%
OF THE OUT-OF-AREA
GOODS AND SERVICES
FROM THE
INDUSTRIAL SECTOR ALONE
ADDS UP TO $18.75 MILLION IN NEW
DOLLARS FOR MARSHALL COUNTY!
*David Swenson, Department of Economics, Iowa State University
$18.75 MILLION
TO HELP GROW JOBS
AND BUILD
BUSINESSES LOCALLY
THE DIRECT ECONOMIC IMPACT WOULD BE:
 $7.7 MILLION MORE IN LOCAL WAGES
 226 NEW LOCAL JOBS
*David Swenson Department of Economics, Iowa State University
WHEN LOCAL
BUSINESSES BUY
FROM EACH OTHER
IT BUILDS A
STRONG LOCAL
ECONOMY
“Raymon-Donco partners locally with
Ryerson, Morgan-Hauser Steel,
Gervich and Sons, Marshalltown
Packaging/H & J Pallet, PCA,
Diamond Vogel Paints and twentytwo other material suppliers. Over
90% of the materials used in our
manufacturing process are provided
by these Marshalltown vendors.
Raymon-Donco supplies HVAC
products for commercial buildings in
the United States.
Our industry is very competitive and requires very short
manufacturing cycle time. Our local vendors meet or exceed
Midwest competitive pricing and provide unparalleled service.
They are essential to our success.”
Larry A. Raymon, CEO
Raymon-Donco
THAT’S WHY
THE MARSHALLTOWN AREA
CHAMBER OF COMMERCE IS
ASKING YOU TO
“TARGET 5—BUY IN!”
“BUYING
IN”
A LITTLE
MEANS BUILDING AND GROWING
THE LOCAL ECONOMY A LOT
BUT IT IS NOT
JUST INDUSTRY
THE CHAMBER ASKS
EVERYONE-• BUSINESSES
• GOVERNMENTS
• INSTITUTIONS
• CONSUMERS
LOOK AT PURCHASING OPPORTUNITIES WITHIN OUR
COMMUNITY AND COUNTY BEFORE BUYING ANYWHERE ELSE.
IT’S EASY
1. MAKE “TARGET 5-BUY IN” A #1
PRIORITY
2. GET THE “TARGET 5-BUY IN”
MESSAGE TO THOSE WHO DO THE
PURCHASING
3.MAKE AN INVENTORY OF CURRENT PURCHASES
4.EVALUATE OUT OF-AREA PURCHASES TO IDENTIFY GOODS &
SERVICES THAT ARE AVAILABLE LOCALLY
5.SHIFT 5% OF THE OUT-OF-AREA PURCHASES BACK INTO
MARSHALL COUNTY
WHEN CONSUMERS &
INSTITUTIONAL
BUSINESSES JOIN
INDUSTRY IN SUPPORTING
“TARGET 5-BUY IN”
THE IMPACT WOULD BE
HUGE!
WHEN ALL SECTORS
OF OUR ECONOMY
“BUY IN”
THE IMPACT GROWS
FROM 226 TO 350 NEW JOBS
FROM $18.75 MILLION TO $40 MILLION
ADDED TO LOCAL ECONOMY *
THAT’S REAL MONEY, REAL JOBS,
REAL ECONOMIC IMPACT!
*David Swenson, Department of Economics, Iowa State University
A
SMALL SHIFT
HAS A
HUGE IMPACT!
WE UNDERSTAND OUR AREA CANNOT PROVIDE
100% OF THE GOODS AND SERVICES NEEDED
BUT THE CHAMBER BELIEVES IT CAN PROVIDE 5%
MORE THAN IT DOES NOW!
“Premier Office, Those Ink Guys,
Central Office Supply and other
local vendors are cost effective
and customer centered. They
have what I need and their sales
force is very knowledgeable and
helpful. Thanks to them I try to
buy local where it fits our
mission.”
Richard La Tour
Director of Material Management,
MMSC
SO JOIN
US!
WHEN YOU
“TARGET 5 AND BUY IN!”
YOU DON’T SPEND MORE, BUT EVERYONE FEELS THE
POSITIVE IMPACT
IT’S ABOUT YOUR BUSINESS, YOUR BOTTOM LINE,
OUR ECONOMY!
Marshalltown Area Chamber of Commerce
709 South Center Street
P.O. Box 1000
Marshalltown, Iowa 50158