sturgis, sd (meade county)...2010 census 2012 estimate growth 2010-2012 sturgis 160,589 165,024 2.8%...
TRANSCRIPT
Sturgis, SD (Meade County)
Sturgis Economic Development Corporation (SEDC) Patricia Kurtenbach PO Box 218 Sturgis, SD 57785 605.347.4906 [email protected] 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 [email protected] 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 [email protected].
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 [email protected] 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.