P ierre Area Chamber of Commerce
March 2019 Newsletter


Pierre Area Chamber of Commerce, Pierre Convention & Visitors Bureau & Pierre Economic Development Corporation E-News


This is the electronic version of the Pierre Area Chamber's March 2019 newsletter. We continue to provide a hard copy of this document in the Capital Journal as well.

Life is good on the river,
The Staff at the
Pierre Area Chamber of Commerce

In This Issue
2019 Chamber Board of Directors
  
Executive Board
Jennifer Anderson - President
Anderson, Nill & Associates
Meredith Lee - President-Elect
Lee Real Estate
Thomas Allerdings - Vice Presient
ClubHouse Hotel & Suites
Russ Hofeldt - Secretary
Feeding South Dakota
Melissa Puepke - Treasurer
First Dakota National Bank
Bryan Beck - Past President
Beck Motor Co.
 
Board Members
Angie Bollweg
Sanford Health
Paul Bowen
Slumberland Furniture
Mikel Holland
Avera St. Mary's
Aaron Fabel
Oahe YMCA
Cindy Bahe
Casey Tibbs Rodeo Center
Jodie Hickman Anderson
Strategic Association Services
Kristie Maher
South Dakota Discovery Center
Chris McConnell
Black Hills FCU
Dennis Rounds
Consultant
Ex-Officio Members
Ron Wagner, PEDCO President
Pierre Mayor Steve Harding
Ft. Pierre Mayor Gloria Hanson
 
2019 PEDCO Board of Directors
  
Ron Wagner - Chair  
First National Bank
Andy Hubbart - Chair-Elect
BankWest
Mark Anderson - Secretary
SD Department of Labor
Kim Easland - Treasurer
American Bank & Trust
Doug Abraham
May, Adam Law Firm
Trace Beck
Beck Motor Co.
Rick Dockter
Ameriprise Financial
Dawn Morris
Morris Inc.
Kim Olson
Sen. Mike Rounds Office
Karl Richards
Avera Medical Associates
Tiffany Sanderson
Vivayic
Gordon Woods
SD Intrastate Pipeline

Liaisons - Annual Appointment
Jamie Huizenga
Pierre City Commission
Jennifer Anderson
Chamber of Commerce
Kristi Honeywell
Pierre City Administrator
Norm Weaver
Hughes County Commission

Administration
Jim Protexter
Chief Operating Officer
Carmen Magee
Administrative Asst.

 
Pierre Economic Development Corporation 
2019 Investor List
(From 1/26 to 2/23)
  
Thank you to the following businesses, organizations and individuals who are supporting economic development in Central South Dakota through their PEDCO membership investment.
 
Platinum Investors - $1000
Montana-Dakota Utilities

Silver Investors - $300
Anderson Nill & Associates Inc.
Stulken Petersen Lingle Walti & Jones LLP

Bronze Investors - $150
All Around Graphix, Capital Area Counseling Service, Capital Journal, Dairy Queen, Dakota Storm Roofing, East Pierre Landscape & Garden Center, Governor's Inn, Peitz Heating & Cooling, State 123 Theatre, US Bank

Individual & Non-Profit Investors - $60
Charles P. Schroyer, S.D. Rural Electric Association

 

CEO Report
Jamie Seiner, CEO                    
Since May, when I started working at the Pierre Area Chamber, I have been amazed at the incredible amount of change the Pierre and Fort Pierre communities are looking forward to in the next few years. The changes involve a new bridge with plazas for water access on both sides, water improvements, municipal pool improvements, building expansions, post-secondary educational opportunities, street work, new business, new events, new collaborations and so much more. This is so thrilling and such an opportunity for growth for all.

How can you stay on top of it?  How can you be a part of it?  How can you influence change and polish our area to meet your needs and meet the needs of the next new person or family that comes to town looking to make Pierre/Fort Pierre their own?  Get involved. Get involved yourself and work to motivate other members of the community to get active as well. The future is up to all of us.

The Chamber is a fantastic way to get involved and stay on the forefront of change in our community.
Some of the opportunities to get involved for an hour or two a month include:

Ambassador Committee : An extension of the Chamber team, committed to helping
fulfill our mission of building a strong, vital business community through outreach, retention, and representation. Join the Ambassadors as they celebrate new businesses, milestones, networking opportunities and ways to fuel our Loyal2Local campaign.

Events Committee : Plan and execute events related to the Chamber's mission & vision to add value to our membership. Join us and help plan one or more event with the Chamber and meet new people and gain leadership experience.

Hospitality Committee : Welcome visitors and new residents to the area, cross promote area events and attractions and encourage improved customer service practices in our community. Join this group to enhance experiences for new residents and visitors.

Agri-Interest Committee : Promote ties between agriculture-based interests and the Pierre/Fort Pierre business community. Join this committee and explore ways to connect the community to the ag industry and help plan an event or two.

Government Relations Committee : Give member businesses a voice in the political process on a local, state and national level.  Join this committee to review issues that impact Chamber membership and help plan Legislative Coffee events and Forums and our annual Legislative Welcome to meet our local representatives and provide an opportunity for local voters to be educated on issues and candidates.

Sports & Recreation Committee : Join this coalition of members involved in sporting and recreation activities in Pierre and Fort Pierre, maximizing the usage of our facilities and provide services to advocate for future facility needs.

We welcome your interest, ideas and involvement! Please stop by the Chamber or call us at 224-7361 and we will assist you in finding a way to get the most from your volunteer time and Chamber membership!

Thank you for being Loyal2Local!


Pierre Mayor Steve Harding's Report
Although important, local government work isn't always illustrious work. In Pierre, we deal a lot in infrastructure and utilities. These are the things that make your life way easier but you probably spend little time thinking about them.

For instance, in February the City Commission approved the removal and replacement of more than 3,200 linear feet of curb and gutter for the 2019 construction season. That certainly isn't an attention-grabbing headline, but it is important to our community.

It means instead of drainage ditches sitting full of stagnant water and providing breeding grounds for mosquitos, we have a system that removes storm water from our street surfaces and disposes of it in the river. Additionally, this curb and gutter investment extends the life of other infrastructure -like roads.

This spring, we'll also remove and replace more than 11,000 square feet of sidewalk to provide for ADA compliance. This investment will also improve the overall walkability and pedestrian safety of Pierre.

Again, most of us don't think much about storm water systems or sidewalks until there's water pooled on the road, or we have to walk on the street because there's no sidewalk. It's a little known $400,000 investment that makes a big difference in our community.

Another big, but not-so-visible investment, is happening at our wastewater treatment plant. The Commission recently approved a nearly $13-million facilities plan to replace the headworks, piping, and the byproduct process.

It all gets kind of technical, but basically, we're modernizing our outdated plant with newer, safer, and more efficient equipment. This project certainly isn't flashy, but there's no doubt it's important! Our plant processes 1.5 million gallons of waste water each day. That's a very large and necessary utility for the City to manage.

My commitment as Mayor is to take care of our infrastructure, our assets, and our people. I'm pleased the City is able to take care of all three with these most recent, but not often recognized, projects.

Fort Pierre Mayor Gloria Hanson's Report
Some of you may have heard me talk about "Future Fort Pierre." We may eventually come up with a snappier title, but for now it represents our community's effort to define how we want Fort Pierre to look and more importantly, what makes it a great place to live.
After I was elected mayor five years ago, but before I took office, I started a file simply labeled "Future Fort Pierre." When someone made a suggestion, or I saw a news article about other communities' successes, those kinds of things went into the folder. A couple years later, I shared some of the contents with Chris Maxwell and as Chris is want-to-do, he ran with them! One of the suggestions (by my friend John Moisan) was to cover the south side of Parkview School with a buffalo herd mural, a welcome for residents and visitors when they cross the Bad River from the south. Thank you, John, Chris and sponsors, for making that dream a reality.

As we wound up our Bicentennial in 2017, we agreed that "now that we have celebrated our first 200 years, it is time to begin planning for our next 200." We scheduled several meetings inviting representatives of a variety of entities to start the discussion. There were, of course, practical necessities included in the priorities, but three things everyone agreed upon to be a focus of our planning were: capitalize on our beautiful rivers, bring Fort Pierre's rich history alive, and honor our tradition as the "place where the buffalo were saved from extinction."

With those three general priorities identified, we invited a team from ISG, an architectural engineering firm in Sioux Falls, to assist us with developing some concepts to take to the public for input. After spending just two days in Fort Pierre, the team came up with some great ideas. One of the concepts focuses on the new Missouri River Bridge plaza area; and because of a tight timeframe in developing concepts into real plans, that project has become the highest priority. Completion of the new bridge gives us a unique opportunity to create a welcoming entrance to Fort Pierre from the east, one that will last for generations.

Chris Maxwell, Public Works Director Rick Hahn, and I have presented the ideas to several small groups, including the City Council, Fort Pierre Economic Development annual meeting, and the downtown business group. We also spoke to the Pierre-Fort Pierre Rotary and Kiwanis clubs. We intend to make the presentation to City staff, County Commissioners, other elected County officials and personnel, Fort Pierre Tourism & Promotion Council, and to school staff, board and students. We will also accept invitations from other groups, large or small. Feel free to contact Rick ( r.hahn@fortpierre.com ) or me ( mayorhanson@fortpierre.com ) at City Hall (223-7690). We want your input.

Capital City Economy
November 2018
Current Month
Same Month 2017
Percent Change
2018 YTD
2017 YTD
Percent Change
CITY TAX RECEIPTS
 
 
 
 
 
 
Pierre 2%
$636,557
$625,570
1.8%
$7,139,121
$7,046,161
1.3%
Pierre 1% BBB
$47,696
$46,711
2.1%
$501,556
$493,988
1.5%
Fort Pierre 2%
$94,825
$87,893
7.9%
$1,057,961
$1,069,608
-1.1%
Fort Pierre 1% BBB
$9,961
$8,883
12.1%
$112,691
$112,674
0.0%
OCCUPANCY TAX
 
 
 
 
 
 
Pierre BID No.1
$20,442
$19,744
3.5%
$225,228
$219,535
2.6%
 
 
AIRPORT BOARDINGS
 
 
 
 
 
 
ADI
1061
1,311
-19.1%
9836
10,750
-8.5%
 
 
DAILY TRAFFIC
 
 
 
 
 
 
Missouri River Bridge
14026
14,607
-4.0%
161,811
167,894
-3.6%
US 14 East of Pierre
3061
3,005
1.9%
32,821
33,028
-0.6%
 
 
CITY OF PIERRE BUILDING PERMITS
 
 
 
 
 
 
Residential:
New Homes
Stick Built - Number
0
1
10
16
   Dollar Amount
$0
$257,000
0.0%
$2,549,428
$3,836,603
-33.5%
Other* - Number
1
0
7
27
   Dollar Amount
$19,000
$0
0.0%
$195,000
$998,500
-80.5%
Remodeling
Number
3
2
44
56
   Dollar Amount
$51,756
$8,200
531.2%
$502,087
$888,888
-43.5%
Commercial:
New Buildings
Number
1
0
7
9
   Dollar Amount
$790,000
$0
0.0%
$6,467,082
$26,236,951
-75.4%
Improvements
Number
2
0
22
32
   Dollar Amount
$24,000
$0
0.0%
$2,758,795
$1,021,098
170.2%
Total Permits**
Number
36
30
819
795
   Dollar Amount
$1,106,995
$471,501
134.8%
$16,465,643
$37,514,880
-56.1%
 
 
HUGHES COUNTY BUILDING PERMITS
 
 
 
 
 
 
Residential:
New Homes
Number
0
2
10
10
   Dollar Amount
$0
$896,000
0.0%
$2,650,800
$3,141,184
-15.6%
Other* - Number
0
0
3
2
   Dollar Amount
$0
$0
0.0%
$205,000
$98,147
108.9%
Remodeling
Number
0
0
44
25
   Dollar Amount
$0
$0
0.0%
$703,430
$633,740
11.0%
Commercial:
New Buildings
Number
0
0
5
0
   Dollar Amount
$0
$0
0.0%
$568,000
$0
0.0%
Improvements
Number
0
0
0
2
   Dollar Amount
$0
$0
0.0%
$0
$312,000
0.0%
Total Permits**
Number
0
3
94
66
   Dollar Amount
$0
$902,000
0.0%
$5,556,348
$6,066,453
-8.4%
 
 
 
 
 
 
 
WORK FORCE              
 
 
 
 
 
 
Pierre MiSA***
Total Work Force
12,516
12,811
Total Employed
12,215
12,456
Total Unemployed
301
355
Unemployment Rate
2.4%
2.8%
* Includes multi-family, mobile and manufactured homes
** Includes residential, commercial, and all other permits.
*** Pierre Micropolitan Statistical Area includes Hughes & Stanley counties
Source: Pierre Economic Development Corporation Research

GOED Launches New Interactive Website
PIERRE, S.D. -  The Governor's Office of Economic Development's website - www.sdreadytowork.com - has a new look. The new site boasts plenty of fresh photography and videography, testimonials and success stories and a new, easy-to-use interactive finance tool.

 "Making the website more intuitive and user friendly was a priority," said Steve Westra, GOED Commissioner. "Governor Noem challenged us to have it launched by Feb. 19 and we're pleased we met that deadline."

"Overall our prospects and partners will find the site easier to use.  One thing we are particularly proud of is the new finance incentive tool. If you're community, a company or a local economic development organization, the new interactive tool will allow you to sort through our programs to find the best program that fits your needs," Westra added.

Users will also be able to easily search and add available properties, watch aerial tours of certified sites and subscribe to newsletters to stay up-to-date on agency and statewide milestones.

About GOED: The GOED works to expand primary job opportunities for all South Dakotans. We strive to retain and expand existing businesses, foster new businesses, facilitate business succession and recruit out-of-state businesses. The office works closely with community economic development corporations to expand and diversify the state's industry and economy. Additionally, the GOED administers a variety of financing opportunities available to new and existing businesses.

Retail Briefs
Walmart's digital investments paid off during holidays
Walmart beat forecasts for the fourth quarter as its investments in e-commerce and other efforts fueled a 4.2% same-store sales increase and a 43% jump in online sales, the retailer reported. The retailer has grown its digital sales over the past two years through both acquisitions like Jet.com and expansion of programs including grocery delivery and click-and-collect. The Associated Press (2/19)
 
CVS, Walgreens test health-focused store redesigns
CVS and Walgreens are both testing revamped store designs that focus on health and wellness while stocking less seasonal and general merchandise. Three CVS HealthHUB concept stores are now open in the Houston market and offer products including sleep apnea gear, with space for yoga or other classes. CNBC (2/18)
 
Scan-and-go shows early promise
Almost 60% of digital buyers in the US would use grab-and-go stores like Amazon Go, RIS News says. Other research reveals similar preferences for the technology, highlighting a possible future for retailers that includes considerable challenges as well as opportunities. eMarketer (2/11)
 
Walmart goes upscale with private-label furniture line
Walmart is launching MoDRN, a private-label home furnishings line that features modern pieces aimed at competing with such higher-priced players as West Elm and Crate & Barrel. The nearly 650-piece collection, which ranges in price from $20 for bar items to $899 for some sofas, is available on Walmart.com, Jet.com, and Hayneedle.com. Business Insider (2/8)
 
Walmart, Levi's capitalize on consumers' love of jeans
Denim perennially remains popular with consumers, and Walmart will debut a new line of Sofia Jeans by Sofia Vergara, with 100 items priced at $40 or less. Meanwhile, Levi Strauss & Co. booked a 9% rise in quarterly revenue fueled by strong denim demand in North America and Europe. MediaPost Communications (2/6)
 
NRF expects increased consumer spending in 2019
Low unemployment and rising wages point to another year of strong retail sales growth, provided factors like trade wars, government shutdowns and stock market volatility don't shake consumers' confidence. "Consumers will spend as long as they're confident about the future of the economy," said Matthew Shay, president and CEO of National Retail Federation, whose 2019 forecast calls for sales growth between 3.8% and 4.4%. The Washington Post (2/5)
St. Patrick's Day Parade Gets Ready to Roll
Seamus the Irish Rover
The Irish Club of Central South Dakota and the Pierre/Fort Pierre Lions Club are once again sponsoring the St. Patrick's Day Parade and are ready to roll with the wearin' o' the green according to parade Chair, Mark Gageby and Seamus the Irish Rover. The parade will be on St. Patrick's Day, Sunday March 17, 2019 at the same time as usual, 5:15 p.m. The parade will form at the Georgia Morse parking area off Pleasant and Highland Avenues once again at 4:30 p.m. The parade route will be onto Pleasant Avenue to Pierre Street, traveling down Pierre Street to Dakota Avenue, then turning west traveling two blocks on Dakota Avenue. It will turn south at Dakota and Central and continue to the parking area off Island View Drive next to the Missouri River where it will end, just a few blocks from the Lions Club Irish Stew feed at the Legion Cabin.
The Irish Club, the Lions Club and Seamus want to encourage people to come participate in or watch the parade and have a great time celebrating St. Patrick's Day. Both the Irish Club and the Lions' Club also strongly encourage businesses, organizations, and families and people of Irish heritage to participate in the parade. There are no fees or applications. Just arrive at the Georgia Morse parking lot about 4:30 p.m. with your sign(s), vehicle entry or marching shoes, and the sponsoring organizations will put you in a slot.
A window painting contest for downtown businesses is being conducted to enhance the celebration of St. Patrick's Day prior to and following the Sunday holiday. Seamus will award cash prizes for the winning businesses. Businesses wishing to participate need only paint their window(s) and notify the Irish Club of their entry by calling 224-5468 and leaving a message with a name and telephone number that they have a window to be judged.
Following the St. Patrick's Day parade, The Pierre/Ft. Pierre Lions' Club will again serve delicious Irish stew at the American Legion Cabin. The menu has an addition. It is "Irish Potato Soup." The Irish stew feed is the Lions largest annual fundraising event to purchase eye exams and glasses for needy persons. The Lions' Club provided over 100 glasses and eye exams in 2018. Prices remain the same. The cost of an all-you-can eat stew or soup meal is $8 for adults, and $4 for children under ten years old. There is also a take-out service for $12 per quart of delicious Irish stew.
For questions you may contact Kevin at 223-2970 or Mark at 295-0969.
CVB Report
Lois RiesCVB Director
IJanuary, the Pierre Convention & Visitors Bureau launched the new 2019 Pierre Visitor Guide, which highlights everything Pierre has to offer visitors and residents alike. The guide is distributed to lodging, sport shows, convenience stores and the airport. It also goes out to convention attendees, interstate rest stops and other cities in South Dakota.

Every year the Pierre CVB takes part in the South Dakota Tourisms' Great Get-Aways program, which generates thousands of sales leads for visitor-related businesses in our area. A visitor guide is sent to each individual who expresses interest in visiting Pierre. 2019 looks to be a good year for tourism in our area, as we have already sent 4000 copies to potential visitors.

If you are interested in having the Pierre Visitor Guide available at your business, or as handouts for your meeting, convention or conference, give our office a call and we will have them ready for you to pick up. (605) 224-1761.

March is a busy month with the Boy's Varsity State Hockey Tournament to be held at the Expo Center in Fort Pierre over St. Patrick's Day weekend, and State Amateur Billiards 8-Ball Tournament to be held at the Ramkota the following weekend. Show your hospitality to everyone you meet; small interactions can be the pivotal influence of a positive or negative experience for visitors in our lovely community.

If your restaurant or business is having a special discount for a busy visitor weekend in Pierre, add it to our 'Hot Deals' page on the Chamber website and we will relay this information to organizations and groups coming to stay in our area.  www.pierre.org .

CVB Director, Lois Ries, promoted Pierre and South Dakota Tourism with the famous Mount Rushmore presidents at the 2019 American Bus Association Marketplace convention in Kentucky at the end of January.
Buddy Seiner of Fish Stories and John Height of Cherokee Enterprises represented Pierre's exceptional hunting and fishing industries at the Lincoln Sport Show in Nebraska in February. Sports shows are sponsored by the Pierre Bid #1 and are imperative in pulling sportsman to our area over our competitors with similar offerings.

Membership Report
Katie Johnson, Membership Director
Have you seen your business name spotlighted in our What's Happening email? Every week we draw a random Chamber member to be the spotlight 'Business of the Week'. It is basically your business card in our weekly What's Happening email that is sent out every Monday. We have roughly 1974 recipients of our What's Happening email, and it is growing all the time. The information we can track from those emails is the best part, and most beneficial to you. We average 29% open rate, which means 572 people are opening and reading the email. Out of those 572 opened emails, an average of 26 people click on the business ad - which means they are looking at your Facebook page, your webpage - and learning more about your business.
 
Are you receiving the weekly What's Happening email? It is a great way to stay up to date on what is going on in the community. It is easy to get signed up - simply go to www.pierre.org, click on the What's Happening tab at the top of the page, and enter your email address.
 
If you would like to submit information to be included in our What's Happening email blast, go to www.pierre.org and click under the blue scrolling Calendar Highlights on 'click here to view all events'. In the upper right-hand corner of the new page, you will see 'submit new event' - enter your information and click submit for approval. Be sure to include as much information as possible; the more descriptive you are, the better informed our readers will be on your upcoming event. I am always here to help or answer any questions. Have a great March!

 
New Members
Quality Quick Prints
2217 6th Ave SE
Aberdeen, SD 57401
605-226-2541
Quality Quick Print is a 2nd Generation family owned and operated business home based in Aberdeen, SD. We specialize in putting Your Brand on Anything, Anywhere! We have in house printing, mailing, embroidery, screen-printing, signs and banners as well as engraving for trophies, awards and plaques. We have a talented team of 50 and operate out of a 25,000 sq. ft facility. Our Core Values are Unwavering Service Commitment, Bring the Passion and Community Stewardship. We partner with you to learn your needs and then come up with a creative solution for your success.

FLM, LLC
119 S. Central
Pierre, SD 57501
641-742-5586
Residential Rental Property: Six apartments, walking distance to the Capitol and to downtown Pierre. Furnished and unfurnished apartments available. Long-term and short-term rentals. No smoking, no pets, off street parking.

SD Urban Indian Health
1714 Abbey Road
Pierre, SD 57501
605-224-8841
A national accredited behavioral health/medical clinic that offers cultural services for all.

American Trust Insurance
700 East Sioux Ave
Pierre, SD 57501
605-945-3484
At American Trust Insurance, we welcome the opportunity to design and manage an insurance program that is specific to you and your needs. As an independent insurance agency, we represent a group of carefully selected insurance companies and we place your insurance coverage with the company that offers the best coverage at the most competitive price.

South Dakota Missouri River Tourism Update
Karen Kern, Executive Director of SDMRT
20207 SD Hwy 1804
PO Box 786
Pierre, SD 57501
888-386-4617
Power or Partnerships!

Partnerships in the travel and tourism industry have become an opportunity for your business or community to be more and more successful. The additional funding that comes with partnerships working together can be extremely important when resources are lower than we would like.

At SD Missouri River Tourism (SDMRT) one of our goals is to provide partnership opportunities for our members. We have many areas of partnerships that members can take advantage of.

Membership in SDMRT gives you a free listing in our Visitor's & Sportsmen's Guide and you are listed free on our web site. Plus, your brochures or rack cards can be displayed for free at the Oahe Visitor Center where over 10,000 visitors are seen yearly.

SDMRT Visitor's & Sportsmen's Guide - printed annually. Prices are kept at a low rate for our members - and the guide is distributed at sports/travel shows, mailed to inquiries, digital on our web site, at the state Information Centers and on the racks in the Oahe Visitor Center.

Regional Tourism Marketing Grants - $25,000 in grants ranging from $250 to $2500 with a 50/50 cash match. The grants have to be used for new or enhanced marketing and it is an application process.

Sports/Travel Shows - 5 to 6 shows attended annually - all in our target market area for the  Missouri River. There is a partner co-op buy-in, where members can send a limited number of brochures to each show SDMRT attends.

Flat Tear-Off Maps - Four color map of the Missouri River region on the front. Members can advertise on this piece. They are padded 100 to a pad and are very popular.

Valuable up-to-date information on the tourism industry is passed along to our members to help with their businesses.

Successful partnerships need to look at some goals before they start. Benefits must be beneficial to all partners. Everyone needs a part in the process. Communication is extremely important and be sure to have an evaluation process to look at the success and benefits of the partnership.

Partnerships with your competition can be beneficial to everyone. Doubling up on funding, ideas and marketing only makes sense. Being an island when trying to get the word out on what you have to offer can be frustrating.

As SD Secretary of Tourism James Hagen says: "There is power in partnerships! Just think of the positive effects we can have on visitors and on our state when they see tourism industry members partnering to promote each other's towns, cities, regions, attractions and events. Pooling our financial resources to jointly promote a town, a city, a region, an event or an attraction, or just encouraging a visitor to stop at the next town or city down the highway can make all the difference in the world in possibly keeping those visitors in our state longer. That means more revenue for our businesses, for our municipalities and state government, all due to the simple act of partnering."

We encourage all of you to try partnerships. If you need help with ideas give SDMRT a call!! And, please think Spring.
The Power of Planning: Acting Now for Continued Business Success
Laura Schoen Carbonneau, Prairie Family Business Association

Good business leaders know how to succeed. They understand their market. They recognize a need and find a way to fill it. They take calculated risks and understand the financial ins and outs of running a business. They also know diligent planning is the key to passing on their business to the next generation of leaders.
 
Succession planning is not an easy thing to do. But without a plan, many businesses fail. This is especially true for family owned businesses. Studies have found that while 40 percent of family owned only 30% of family-owned businesses make the transition from the first generation to the second. Even fewer, 12 percent, survive the transition from the second generation to the third. On top of that, an estimated 40 percent of family business owners plan to retire in the next five years, yet only half have identified a successor.
 
Non-family owned businesses also struggle to find the right person to continue their business. Where family businesses often have someone within the family to take over, private business owners struggle to find the right fit. It's not easy to turn over something you've built over time to someone else.
 
When it comes to success planning, whether for a family or privately owned business, the following questions are just a few of the elements to be considered:
           
Timeline: When does the current owner hope to sell? How long will it take to find and train a successor?
 
Financial: How much is the business worth? What does the current owner need from the sale? And what options are available for the incoming business owner for financing the buy?
 
Training and Leadership Development: What does the new owner need to know about the business? What skills does he or she need to develop and how can that training be accomplished?
 
Culture and Communication: How do you keep key employees informed and on board with the change in leadership?
 
Education is also an important element. Programs like Pierre Area Chamber of Commerce's Transition Planning Lunch & Learn get lay the groundwork for future success.
 
Starting the succession planning process can be daunting. It's important for business owners to know they don't have to do it on their own. Family businesses have a wealth of resources available to them. The Prairie Family Business Association works to bring family owners together with professionals who can help. For information about the association, visit www.fambus.org. Many of these same resources can work with privately held businesses to get them started down the right path.

 
Chamber Events

Winter Business After Hours
Winter Business After Hours was a great success on Thursday, February 7 th . The Izaak Walton Sunshine League (upper left) was the host location for the event and provided an array of wild game hor dourves to the lucky attendees. Co-Hosts of the event included Bartlett & Weaver Eye Clinic (top center), Capital University Center (upper right), Oahe Hockey Association (bottom left), Oahe Home Builders Association (bottom center), and Travel Leaders (bottom right).


SAVE THE DATES


March Calendar of Events

March 1 & 2: Pierre Players Presents: Bill W. and Dr. Bob, doors open at 7 pm with the performance at 7:30 pm at Grand Opera House, 109 S. Pierre St. Pierre, Fees: $13 Students/Seniors $15 Adults. Contact 605-224-7826 for reservations or emailinfo@pierreplayers.com or www.pierreplayers.com 
March 2: Cinderella Ballet presented by Hosanna Dance, at 2:00 pm, TF Riggs, Pierre. Free will donation. Contact Sunny Hannum at 605 220-1032 or Email sunnyholloway@msn.com
March 3: Youth Fundraising Auction, from 12:00 pm - 2:00 pm at Pierre United Methodist Church in the Trinity Community Center. Contact Pastor Valerie at 605-494-0470 or Email at adypastorvalerie@gmail.com or https://www.facebook.com/events/1254544931387248/ 
March 3, 10, 17, 24 & 31: Open Skate PAYSA rink, every Sunday from 1:00 pm - 3:00 pm, at 1610 N. Lowell St. Pierre. $3 admission/ $2 skate rental.
March 4, 5, 6, 7, 11, 12, 13, 14, 18, 19, 20, 21, 25, 26, 27 & 28: Adult Education and Literacy Classes from 3:00 pm - 7:00 pm on Mondays & Wednesdays or 8:30 am to 11:45 am on Tuesdays & Thursdays, at The Right Turn, 115 E. Sioux Ave. Pierre. Contact 605 773-4755 to register or kpauly@midconetwork.com Free to attend if over 18.
March 4, 5, 6, 11, 12, 13, 18, 19, 20, 25, 26 & 27: Seasoned Citizen Tai Chi from 10 - 10:45 am on Monday & Wednesdays, at Oahe YMCA or Tuesdays at the Senior Center. Contact Mindy Cheap at 605-773-7445 or mindy.cheap@ci.pierre.sd.us . Fees: $24 per week/ Free to Senior Center Members.
March 4, 6, 11, 13, 18, 20, 25 & 26: English as a Second Language from 5:45 pm - 7:15 pm at The Right Turn, 115 E. Sioux Ave. Pierre. Contact 605 773-4755 or kpauly@midconetwork.com to register. Free.
March 4, 11, 18 & 25: Basic Dog Obedience Class with Instructor Dr. Vicky Wilkey from 6:30 pm - 8:30 pm CST at the Pat Duffy Community Center, 19 E. Main, Fort Pierre. Contact 773-2160 or sdsu.cuc@sdstate.edu Fees: $40.00.
March 4: Canvasback Art Club from 7:00 pm - 9:00 pm at Rawlins Library, Pierre. Contact Bev Letellier at 224-7993.
March 4: Open Auditions for "Born Yesterday" from 7:00 pm - 9:00 pm at Grand Opera House, 109 S. Pierre Street. Contact Micheal Panburn at 222-9138 or mrpangburn@gmail.com
March 5, 12, 13, 19, 20 & 26: Seasoned Citizen Chair Workout from 10:45 am - 11:30 am, at Senior Center, Pierre. Contact Mindy Cheap at 773-7445 or mindy.cheap@ci.pierre.sd.us. Fees: $12/Free to Senior Center Members.
March 5: Volunteers needed at food bank, Feeding South Dakota from 5:30 pm - 7:30 pm at 20562 Grace Ave. Pierre. Contact Russ or Andrew at 494-3663 or http://feedingsouthdakota.org/ 
March 6: Mabel's Family Support Group - Alzheimer's & Dementia from 12:00 pm - 1:00 pm at Edgewood, 1950 East Fourth St. Pierre. Contact Katie Nagle at 494-3400 or katie.nagle@edgewoodvista.com No fee and Edgewood will provide lunch for $7.00, pre-register.
March 6: Stanley American Legion Post 20 Monthly Meeting from 6:00 pm - 8:00 pm at Moose Lodge, Fort Pierre. Contact Royce Loesch, royceloesch@gmail.com
March 6 & 7: Quick Books Part One & Two, with instructor Natalie Anderson from 6:00 pm - 9:00 pm at Capital University Center, 925 E. Sioux Ave. Pierre. Contact 773-2160 or sdsu.cuc@sdstate.edu Fees: $80.
March 6, 13, 20, & 27: Zumba Gold from 9:00 am - 9:45 am, at Oahe YMCA, Pierre. Contact: Mindy Cheap at 773-7445 or mindy.cheap@ci.pierre.sd.us Fees: $12/ Free to Senior Center members.
March 7 & 21: Breast Cancer Survivors from 12:00 pm - 1:00 pm at Countryside, 200 East Dakota Ave. Classroom, Suite 1, Pierre. Contact 945-0827.
March 7-8: 2nd Annual Human Trafficking Awareness Conference at the Ramkota from 9 am - 5 pm on Thursday and from 8 am - 12 pm on Friday. Contact Erin Zimmerman to attend at 605-494-3608 or email ezimmerman@tie.net. Fees: $125 per person *space is limited.
March 7: Bourbon 101 at Drifters Bar & Grille from 6 pm - 8 pm. Fees: $40 single ticket, $75 per couple.
March 8: "Totor Tot & Patton" Premier Showing from 7:15 pm - 9:15 pm at State 123 Movie Theater, Pierre.
March 8: Pierre Concert Series "Jersey Tenors" from 7:30 pm - 9:00 pm at Riggs High Theater, Pierre. Contact 224-7909 or https://www.facebook.com/groups/871553956251978/about/ 
March 9: Family Fun Saturday at the Cultural Heritage Center from 10 am - 11:30 am. Contact Ronette Rumpca at 605-773-6011.
March 9: Pierre-Fort Pierre Kiwanis Fundraiser from 6:00 pm - 9:00 pm at Riggs Theater, Pierre. Contact Dave Bonde at 280-9680. Fees: $15
March 9-10: ICE EXTRAVAGANZA at the Fort Pierre Expo Center starting at 7 pm on Saturday and 1:30 pm on Sunday. Free will donations accepted. Contact Sara Valle at 407-590-7484
March 11: Stately Stitcher's Guild Meeting from 6:45 - 8:45 pm at Lutheran Memorial Church Basement, 320 E. Prospect Ave. Pierre. Contact Myrna Buckles at 605 222-6847
March 14: Lunch & Learn "Transition Planning" from 12:00 pm - 1:00 pm, with an optional additional session from 1 - 2 pm for small group work at Pierre Area Chamber of Commerce, 800 W. Dakota. Contact Jamie Seiner at 224-7361 or jseiner@pierre.org. Free to attend, bring your own lunch.
March 14: BSA Troop 27 Perkins Fundraiser from 4:00 pm - 8:00 pm at Perkins Restaurant, Fort Pierre. Contact Teresa Schmidt https://www.facebook.com/troop27pierre/ 
March 14: Central SD Survivors of Suicide Support Group from 6:30 - 8:00 pm, location to TBA Contact Julie Moore at Julie.moore@avera.org
March 15, 16 & 17: Varsity State Hockey Tournament at Fort Pierre Expo Center. Contact https://www.oahehockey.org/page/show/4504510-2019-varsity-state-tournament 
March 16: Early Childhood Training - Understanding Me Classes for Parents and Caregivers of Infants and Toddlers at The Right Turn, 115 E. Sioux, from 8 am - 4 pm. Call 605-773-4755 to register. Free.
March 17: St. Patrick's Day Parade & Stew Feed from 5:15 pm - 6:15 pm, starting from Georgia Morse Middle School parking lot to American Legion Club. Fees: Stew Feed $8.00 per adult, $4.00 for children (10 & under)
March 23: Container Gardening Class from 1:00 pm - 3:00 pm at East Pierre Landscape & Garden Center. Contact 224-8832 or info@eastpierregarden.com. Free.
March 24: Drifters Bridal Showcase from 12:00 pm - 3:00 pm at Drifters Bar and Grill. Contact Events@driftersbarandgrille.com or http://driftersbarandgrille.com. Free.
For future months, go to www.pierre.org