Catch up on this week's Corridor news.

This Week in the Corridor
New Laborshed reports filled with employment, wage data

The questions come into the Corridor all the time: Is my company paying too much or not enough? How many manufacturing jobs are out there? Where should we look for workers?
 
The answers are found in the brand new 2019 Laborshed reports released this week by Iowa Workforce Development. Reports are available for the region as a whole and for the four county seats, Estherville, Spencer, Spirit Lake and Storm Lake.
 
Funded by the Iowa Economic Development Authority, the laborshed study began several months ago with a letter sent to all businesses in the region with five or more employees. The businesses were asked to provide the zip codes for their workers' residences, which were then used to extrapolate local commuting patterns.
 
The resulting map stretches from Fort Dodge and Algona to the east, to Sheldon in the west, Denison to the south and all the way north to Windom, Minnesota. This is the Corridor laborshed.
 
Iowa Workforce Development next conducted more than 1,100 surveys by phone and email within the laborshed to assess the local  employment situation.
 
The data points can be either broad or very specific. For example, there are an estimated 142,000 working age adults in the Laborshed, of whom 80 percent are employed. The median hourly wage across the region is $17.51.
 
Just 7.2 percent, or slightly more than 10,000 people, were unemployed at the time of the survey. This small number helps explain why so many companies have difficulties getting job applicants.
 
But a deeper look reveals that more than 19 percent of workers who are currently employed would likely change jobs if the right opportunity presented itself. And what is that opportunity? The two most coveted job categories are "professional, paraprofessional and technical," and "production, construction, and material moving." A wage of $19 an hour is enough to get most people to move.
 
The unemployed are seeking production jobs paying $15 or more.
 
Healthcare and human services remains the largest employment sector in the local economy, followed in order by wholesale and retail trade, education, and manufacturing. The highest wages are found in construction, manufacturing, and the catch-all category of transportation, communication and utilities.
 
We will use our newsletter in the coming weeks to highlight additional information from the Laborshed, but we encourage you to take a look for yourself. For the first time, the state this year an interactive online presentation, complete with some very cool maps, that makes the Laborshed more digestible.
 
Of course, those with questions can also call the Corridor at 712.264.3474. We're always happy to shed some light on local labor.
Business Recognition Nominations
Help us recognize some of the big accomplishments of the year!

We are currently accepting nominations for our 10th Annual Business Recognition Luncheon to be held on November 13th. The award categories are Large Business of the Year, Small Business of the Year, Entrepreneur of the Year, and Young Professional of the Year.

Click here for the nomination forms and a list of past winners!
Featured Real  Estate

Site: Spirit Lake Shell Building
Industrial, Warehouse/Distribution
Location: 540 5th St. E.
Spirit Lake, IA 51360
30,000 sf.
Sale Price: 
$799,000

For more information, visit  the Corridor website!
News to Know
'There's so much reason for optimism'

Corridor President and CEO Kiley Miller talked with Joe Hopper of Rust Communications about the economic state of the Corridor region. With some changes over the last few years, as well as some more current projects, "there's so much reason for optimism."


Williams and Company celebrates 90 years

Williams and Company opened in Sioux City 90 years ago, and almost 40 years ago expanded into Spencer. Now the company has 7 locations and over 70 employees.

  Read about the 90th celebration.

BVU Named a Best Value School by U.S. News & World Report

Of 69 Midwest Universities, Buena Vista University was ranked No. 4 in the 2020 U.S. News and World Report Best Value School Among Regional Universities, 28 spots ahead of any other Iowa university. The university also gained recognition in two other categories: Best College for Veterans Among Regional Universities in the Midwest (No. 20) and Best Regional Universities in the Midwest (No. 32).

Learn about the U.S. News and World Report rankings.

Grant Awarded to Dickinson County Trail Project

The Iowa Transportation Commission approved a $1.5 million for four state recreational trail projects in Dickinson County this week. This funding is provided through the State Recreational Trails Program, created to develop and maintain recreational trails for users.

Read more about the grant.
Investor Spotlight
Each week, we want to feature and thank the businesses and individuals that have committed to economic development and growth in our communities. To learn more about these investors and others, visit our Business Directory !
Rosenboom
Sector:  Manufacturing
Location: Sheldon
Description: Rosenboom is a leading producer of custom hydraulic cylinders. Rosenboom works with leading OEM's in a wide variety of industries to engineer and craft custom cylinders for practically every application imaginable. Rosenboom is a family-owned company since its founding in 1974 by Lary and Viv Rosenboom.

Sackett Law Firm
Sector: Business Services/Other
Location: Spencer
Description Barry Shaw Sackett and Associates offer clients a unique blend of business and real estate expertise. With over 39 years of combined legal experience, they provide eminently practical advice on matters ranging from strategic business planning, television production and management, intellectual property, tax preparation, real estate, and probate.

Jobs in the Iowa Lakes Corridor
vacancy_sign_desk.jpg
Post your jobs where quality candidates are already looking: lakescorridor.com

See more current job openings here.


Job Title
Employer
Date
Gutter Installer Custom Cut Gutters 9/5/2019
Executive Director Iowa Rock 'n Roll Music Association 9/9/2019
General labor/Handyman with Construction/Maintenance Experience UPKEEP 9/8/2019
Master Plumber UPKEEP 9/8/2019
YMCA Youth Sports Referees Bedell Family YMCA 9/11/2019

Questions? Want to be featured in next week's newsletter?
Contact the Iowa Lakes Corridor at info@lakescorridor.com
or call us at 712-264-3474. 
Iowa Lakes Corridor | 712-264-3474 | info@lakescorridor.com  |   www.lakescorridor.com
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