2011 2105 +/-Job Growth 136,000 150,300 14,300+Sales Tax Revenue 98 million 116 million 18.6Unemployment Rate 4.3% 2.6%Single Family Home Building Permits 347 663Budget – Balanced!Debt Load – Low!
•Improved Infrastructure – Streets•New Events Center•Indoor Aquatic Center•Private/Public Partnerships – Hockey Center, Tennis Center, Other
Economic Outlook
Leadership And
Mentors
$ in Millions Investors1987 – 1991 FSF1 $1.9 283
1992 – 1996 FSF2 $2.2 354
1997 – 2001 FSF3 $4.2 446
2002 – 2006 FSF4 $6.4 412
2006 – 2011 FSF5 $10.5 391
2011 – 2016 FSF6 $12.2 421
2021 FSF $15 500
Get the Community Going!Attract Business!
Focus of Investment
Education OpportunitiesProductive Business Government Climate
Technology Development/EnhancementAffordable Housing
Workforce DevelopmentCultural Opportunities
Quality of Life“Stay Close – Go Far”
Air ServiceYoung Professional Network
2021 – Momentum
Workforce – Workforce – Workforce!!
Foundation Park
USD Discovery District
Lessons from 7 FSF Campaigns
Vision
Passion
Strategic Plan
• Sioux Falls Metro – 2982
• South Dakota – 13,737
Current Job Openings:
Purpose:
Build Dakota was created to Address a skilled workforce shortage in SD.
• Many Studies – Take Action!
• One Piece of the Pie
• Provide “Full Ride” Scholarships for Critical Need Vocational Training
Concept:
• $25 Million Denny Sanford(Chairman of the Board, United National Corporation)
• $25 Million South Dakota Future Fund(Gov. Dennis Daugaard-Economic Development Funds)
Structure:
PARTNERSHIPS
Structure:
• Board of DirectorsDana Dykhouse, Chair – CEO, First PREMIER Bank-Sioux Falls, SDDiana VanderWoude, Vice Chair – VP of Academic Affairs, Sanford HealthWayne Baumberger – Engineering Manager, Caterpillar-Rapid City, SDGreg Carmon – Owner, Midwest Railcar Repair, Inc.-Brandon, SDMark Leddy – CEO, Valley Queen Cheese Factory-Mitchell, SDTerry Sabers – VP of Finance, Muth Electric-Mitchell, SDDeb Shephard – Retired President, Lake Area Technical Institute
• Governor’s Office StaffTony Venhuizen, Chief of StaffLisa Clark, Policy AdvisorTiffany Sanderson, Director of Career and Technical EducationKeley Smith-Keller, Ed.D, Assistant Director, Postsecondary EducationDeni Amundson, Program Manager, Build South Dakota
Structure:
• 3 Months from Idea to Action
Kick-Off Publicity:
• Address workforce shortage.
• Changing hundreds of lives by offering full-ride scholarships.
• Bringing new attention to the high-quality of education offered at South Dakota Technical institutes.
Impact:
• Critical Areas of Critical Need – Awarded to students entering high-need workforce programs at South Dakota’s technical institutes.
Concept:
2016-2017 High Need Fields of Study• Agriculture- Large Animal (LATI only)• Automotive/Diesel• Building Trades/Construction• Energy Technicians• Engineering Technicians• IT/Computer Information Systems• Medical Laboratory Technicians• Practical Nursing (Select Programs)• Precision Manufacturing• Surgical Technicians• Welding
$5 – $10 Million Per Year
Governed by Capacity of Schools
Community Foundation
Structure:
• Commitment by student to live and work in South Dakota 3 years after graduation.
• First five years, a projected 300 scholarships will be awarded annually. Endowment will support approximately 50 full-ride scholarships after five years.
Concept:
During Enrollment•Students must be enrolled in their program full-time.•Students must complete the program in the expected time.•Students must maintain at least a 2.5 cumulative grade point average (GPA) throughout enrollment in the program.•Students must follow the technical institute’s behavioral conduct policies.
After Graduation•Must work full time, in South Dakota, for 36 months following graduation.•They have up to 6 months following graduation to secure employment.•The 36 months begins when they have started their job.
What are the terms of the Build Dakota contract?
• 60 + partnerships with businesses across South Dakota
Industry Partnership:
South Dakota businesses partner with Build Dakota and the SD technical institutes to provide additional scholarship funds or support high-need programs.
•The business gains a skilled employee.•Build Dakota and employer funds are maximized to support more students.•The growth of these partnerships will minimize the shortage of skilled workers.•Potential free advertising on Build Dakota website.•Each technical institute has different program.•Not “one size fits all” because businesses have different needs.
Industry Partnership:
• Frisbee Example
Industry Partnership:
1st Year Stats – Critical Need Trades
# Applications 1,090
# Scholarships 300
# Instate 256
# Out of State 44
Impact: 2015-2016
# Applications 1,400 +
Impact: 2016-2017
BuildDakotaScholarships.com
ForwardSiouxFalls.com
Remember: Never, never be afraid to try something new.
Amateurs built the ark.
Professionals built the Titanic.
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