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7th NATIONAL ECONOMIC GARDENING CONFERENCE
ENTREPRENEURSHIP IN ABERDEEN
Julie M. Johnson,Absolutely! Aberdeen & Prairie Vision
& Jim Barringer, Aberdeen Development Corporation
FIRST THINGS FIRST!
CONGRATUATIONS TO OUR REGIONAL PARTNERS!
ABSOLUTELY!ABERDEEN
“A 4-year progressive economic development action plan to accelerate economic investment in Northeast South Dakota from 2006-2009”
“Aberdeen: Open for Business in Northeast South Dakota”
‘Accelerating the Growth of Aberdeen and its Region”
“LEADING AT THE SPEED OF GROWTH”
II. PRIMARY JOB CREATION: HOW DID WE DO?
• Aberdeen Development Corp. gets a gold star!• Nearly 2000 new jobs with new firms by end of ’10• Catalytix gave us great advice• Still working with companies• Chamber—”Bridges” is a fabulous internship
program!• SBDC—BIG Idea is a great piece of work!• ‘Bridge Builder Award”-1st presented ‘08
• Entrepreneur of the Year Award—2nd Presented ‘09
“Catalytix” gave us good advice!
BUILD ON OUR CULTURE OF ENTREPRENEURSHIP
• Implement the Destination Development recommendations
• E-Commerce training• Entrepreneur of the Year• Systematize access to entrepreneurship
services, capital, support• Business start-ups/small business growth
measures• BIG Idea business idea competition->
– College-level business plan competition
“BIG IDEA”
YEAR 3
High School
Business Idea Competition
Adding a Marketing Piece in Year 3
Want to take to College-Level Business Plan
ENTREPRENEUR OF THE YEAR
2008 Roger Feickert—Midstates Printing Family of Companies
2009 Jim Thares—Primrose Retirement Communities
BRIDGES PROGRAM
“BRIDGE BUILDER” AWARD
2009 3M Companies
Jim Barringer
Executive Vice President
What is the role of a typical Development Corporation in job
creation
• New Industry Attractions
• Local Expansions
• Start-ups
What has the Aberdeen Development Corporation done
to assist startups?• Capital
– Loans– Equity
• Real Estate– Lease
• Operating• Financing
– Build, buy back– Low overhead cost
• Support Services
What kind of companies have the Aberdeen Development Corporation
worked with?What assistance provided and what is our
successes?• Four Star Plastics, Inc.• Prairie Tool• SENTR@ NET• TalenSoft; aka Web Plus• Midstates Printing; aka QQP• Wooden Mallet• Vallon
Four Star Plastics, Inc.
