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Photo Courtesy of Fargo Moorhead CVB
Smart Brief

 

 

Fargo Moorhead MSA has an unemployment rate of 2.6% (not seasonally adjusted) compared to the U.S. unemployment rate of 6.6%. To see the GFMEDC's latest economic indicators, please check out the following links.

 

December Economic Indicators

 

 
President's Report: Reflecting on a positive 2013 and looking forward to an even more promising 2014

 

2013 was an incredible year for our community. The continued growth in our traditional manufacturing areas, coupled with the exciting growth in our high technology companies, helped establish 2013 as a record year. Add in the surging entrepreneurial community here in Fargo Moorhead and you have a true sustainable framework for continued growth.

 

As positive as 2013 was, 2014 has the prospect of being even stronger, and the EDC team looks forward to strengthening our primary-sector base, developing a stronger workforce and continuing entrepreneurial development.  

 

                         
 
2013 in Review

 

Greater Fargo Moorhead EDC staff spent 2013 working on initiatives to support economic development.

 

More than 50 initiatives were either started or continued throughout the year. The initiatives focused on business development or business expansion, workforce, marketing, research, entrepreneurial support or investor relations.

 

We can't list every initiative, but following are a few highlights.

 

2013 was an exciting year to be in the Fargo Moorhead Metro, and we are gearing up for an even better 2014.

 

Thank you for your support.

                         

 

Business Retention & Expansion (BRE) and Business Development                     

 

  

Staff made 152 Business Retention visits with Fargo Moorhead area companies.

  • More than 80% indicate workforce related issues. 
  • There is growth across the board in all sectors except in some agri-business areas due to the drop in certain commodity prices in 2013; it may have a domino effect on 2014 production.  
  • Most companies are experiencing solid growth and could capture more if there were more workforce availability.

 

The BRE process led to the creation of the Smartbook, an overview of state incentives. The publication is prompting bank visits and additional program activity.

 

Growth Initiative Fund

  • Nine Loans
  • $469,000 in GIF funds were approved.
  • $21.2 million in capital investments 
  • Job creation = 138 new jobs

 

Business Development

 

EDC staff responded to 31 new business development projects 

  • Eight projects confirmed to locate in the Fargo Moorhead MSA. 
  • A finalist in at least 2 more 
  • The eight confirmed projects equal roughly 200 new jobs and more than $35 million capital investment.

 

The projects were in the following industries: 

 

Back Office -  4

Distribution - 6

IT - 5

Life Sciences - 5

Manufacturing - 8

Physical Sciences - 1

Value Added Ag - 2

  

Of the 31 new business development projects, the lead sources were: 

  • State or local government - 7
  • Site selector - 6
  • Direct contact with company - 18

 

 

Workforce Development
  

Workforce Recruitment

 

GFMEDC partnered with the three large higher education institutions to attract alumni back to the region and continues to partner on various initiatives including emails, mailing and travel

  • Concordia - mini-football giveaway
  • NDSU - Banner ads on alumni football game watch party sites
  • MSUM - Cup giveaway at various university events

GFMEDC staff partnered with regional employers to increase jobs on the CareerFM site and used marketing efforts to increase traffic to careers page.

 

Smart Connections - two events held to connect job seekers and employers in a casual environment

 

Workforce Development

 

GFMEDC works with K-12 and higher education to connect education to industry strengthening partnerships and developing future workforce

  • Manufacturing Tours - Juniors and Seniors at Fargo and Moorhead Schools toured local manufacturing facilities to learn more about the industry and the benefits of a career with a local manufacturing company
  • Health Tech & Trades Expo - GFMEDC continues to collaborate on the expo which exposes 2,000 9th graders to career options in the health, technology and trade industries.
  •  STEM education partnerships - regionally and statewide in both North Dakota and Minnesota
  • Collaborative meetings among Moorhead, Fargo and West Fargo K-12 leadership and the United Way of Cass Clay to focus on the education of 21st century skills and project-based learning and teacher preparation. 
  • Teachers in Industry - GFMEDC continues to support and grow the teacher internship program.
  • Sector Breakfasts - Continue to collaborate with MSUM on sector breakfasts to help the university evaluate and modify curriculum to better address student preparation relative to industry needs.

 

 

Marketing

 

 

Marketing/Social Media efforts

  • Created Quality of Life Magazine available in both hard copy and digital
  • Marketed through print and online ads to attract residents and businesses 
  • Facebook: 212 to 2,000 likes or fans 
  • Twitter: 510 Followers, Almost 700 Tweets(Messages) about jobs and quality of life 
  • Pinterest: Added Pinterest account to share quality of life photos 
  • LinkedIn: Created LinkedIn presence to enhance GFMEDC communication

Developing Content and Improving Search Engine Optimization (SEO)

  • Redesigned Greater Fargo Moorhead EDC website making the site more content driven and user friendly. Continually review and add content.
  • Redesigned CareerFM website to increase usability and enhance look. Brought CareerFM into the GFMEDC site.
  • Used Google AdWords and social media to increase traffic to site.

Investor relations 

  • Produce monthly newsletter averaging a 35 - 40% open rate.
  • Created blog through InForum's Area Voices
  • Continued to develop relationships with local and regional media sending out more than 20 press releases 
  • Participated in more than 300 meetings with GFMEDC investors and community partners
  • Presented at 14 various functions including the United Way Kickoff and the Chamber Economic Outlook Forum.
  

 

Entrepreneurial Support

 

 

GFMEDC staff partnered to sponsor and support several entrepreneurial initiatives.

 

  • Health Pitch- Platform for thought-leaders to share ideas regarding personal, community and global wellness.
  • TEDxFargo- Independently organized TED event to discuss concepts and ideas to "Rethink Learning".
  • Startup Weekend- Fifty-four hour event in which teams take a business concept or idea from pitch to market.
  • Cultivate.you event- Event to help support innovation and entrepreneurship in our community.
  • Startup Drinks - organized casual events allowing people to get together and talk about their ideas and gather entrepreneurial advice or support.
  • CoWorking Space - Support of an initiative to develop a space used by budding start-up companies and entrepreneurs.

 

Women's Startup Weekend aims to empower more women to engage in entrepreneurism  

 

 

Aimed at encouraging women to think outside their normal 9-5, the Women's Startup Weekend event will provide women the opportunity to learn the basics of creating a startup and launching a successful venture. 

 

All Startup Weekends follow the same basic model. Participants pitch ideas Friday night. Teams form around top ideas, and for 54 hours, those teams create a business model, code, design and do market validation. The weekend culminates with presentations in front of judges.

 

Women's Startup Weekend will be held at Dakota Medical Foundation, January 24-26.

 

Please encourage participation and mark your calendars for the presentations Sunday, January 26. For more information, go to  

www.northdakota.startupweekend.org

 

 

 

In the news...

 

 

North Dakota Tops the List for Best run state "America's Best and Worst Run State" by Michael B. Sauter, 24/7 Wall St.

Full Story

 

 

 

Do you have job openings? Post them on our new careers page and help us market the Fargo Moorhead Metro as a great place to work and live!
  

Your jobs enhance our website and allow us to better market the region to potential residents.

 

Your investment includes the opportunity to post your jobs on our careers page. We ask that you limit the jobs to degree-required positions in the Fargo Moorhead Metro. 

 

We appreciate your help!

 

Please contact Tifanie Gelinske, VP, Workforce Development with questions tgelinske@gfmedc.com or log on and post them at http://www.gfmedc.com/careers/jobs/   

  

 

Do you have news to share?
  
If you have news items you would like included in an upcoming newsletter, please send the ideas or articles to Lisa Gulland-Nelson at lgnelson@gfmedc.com.  Thank you!
                           
The mission of the GFMEDC is to grow and diversify the economy in Cass County, ND and Clay County, Minn. through the attraction, retention and expansion of primary-sector employers. 

 

A primary-sector company is one that brings new wealth into the community through the sale of its goods and services outside the trade area.  This new wealth circulates and supports all other sectors of the local economy, thus making the primary sector the principle driver of economic growth. 
  
Thank you for your continued support of the Greater Fargo Moorhead EDC and economic development.  We look forward to your feedback.