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2011 Annual Report - Bowman County Development Corporation

2011 Annual Report - Bowman County Development Corporation

2011 Annual Report - Bowman County Development

HOW DO I KNOW WHAT THE BOWMAN COUNTY DEVELOPMENT CORPORATION IS WORKING ON? The Bowman County Development Corporation is governed by a 10-person Board of Directors. These Directors work together with the Executive Director to determine the direction of the organization. Once projects are in the works, the Development Corporation uses the following medias to share what’s happening: Growing Bowman County on KPOK (9am Friday mornings) Growing Bowman County E-Newsletter Growing Bowman County on Facebook Stories via the Bowman County Pioneer ALL SEASONS ARENA The All Seasons Arena had another strong year where they were able to maintain operations of the facility in the black. The 60x90 expansion on the SE corner of the facility was finished up in early spring for renters to take advantage of. Events and hourly renters maintain a steady flow with numbers just below the record year of 2010. RENTAL INCOME COMPARISON BY YEAR $29,060 $27,648 ANNUAL REPORT 2011 If you would like to know more about subscribing to the newsletter or have ideas or input on projects, please contact the Development Corporation office at 701-523-5880. Business clients of the Development Corporation and Small Business Development Center are confidential until opening or project completion as determined by the client. All client financial information is confidential. $20,904 $10,327 2008 2009 2010 2011 Office Staff Ashley Alderson Executive Director 2012 GOALS Teran Doerr Program Specialist & Small Business Development Center Business Counselor Dave and Tana Smolnikar OWNERS, DALES’ CLOTHING Scott and Nicole Lardy OWNERS, RICOCHET WESTERN WEAR Danny Hawthorne OWNER, THE PC DR. Cathy Hedge Executive Secretary for BCDC and Bowman Area Chamber of Commerce In March of 2011, we were presented with the opportunity to purchase Dales’ Clothing and Custom Embroidery in Bowman. Our situation required a quick turn-around for possible program qualification and financing. We went to the BCDC for help and to see what we could qualify for. Teran and Ashley were wonderful help. Teran took our information and helped us with the outline to our business plan that we were able to add and make our own. We were able to get funding through the REAP program, Main Street program and we qualified for the Renaissance Zone and Flex PACE. Without the help of these programs, we would not have been able to proceed with the purchase. The past six months have been a whirlwind, but such an amazing and rewarding adventure. We’ve had unbelievable support from the community and are looking forward to what 2012 has in store for us! Early in the year, we started looking for a way to expand our store. We knew we had outgrown our existing, rented location and needed to find something with a good location that would work for us. We started visiting with Teran and Ashley about some possible locations and putting together financials. They also showed us many of the different Economic Development programs available to us. It seemed like a long time from the start of this process until we opened in our new location August 15, 2011. However, it was well worth it. We were able to purchase a portion of the existing True Value store and renovate it to meet our needs. We were (and still are) nervous about taking this big leap but Teran and Ashley really helped ease our minds. Working with the Bowman EDC has been a great experience for us! They are very willing to help and we utilize them as much as we can. I moved here to Bowman with the idea of starting my own business. I came from Pinehurst, Idaho where I worked as a technician at a small computer repair shop. I have some lifelong friends that live in Amidon, North Dakota, and they had suggested to me that if I ever had the chance to move here and open my own shop, that there was a serious need for one in Bowman. My wife Katherine and I talked about it for a while and decided to sell everything we had, move and start a new life. We are glad we moved here. I have found new friends and wonderful support from the Bowman County Development Corporation. They helped me with a micro loan that got my business up and running with a financial boost. The City of Bowman and the Bowman County Development Corporation have been very supportive to us. Thank you to the Bowman County Development Corporation and Small Business Development Center. Gaming Management Debbie Bucholz Tom Sedevie 2011 Board of Directors President - Justin Wolbaum 2012 Vice President - Jan Stebbins 2012 Treasurer - Julie Lockert 2013 Secretary - Duane Bowman 2013 Director - Kevin Bucholz 2014 Director - Scott Hardy 2014 Director - Mark Ballard 2012 City of Bowman Representative - Les Snavely City of Scranton Representative - Joe Tysver Bowman County Representative - Rick Braaten 2012’s goals fit into four pillars for development in Bowman County: • Business development including professional services and small business development. • Community projects such as continued work on the Rouzie Rec Center expansion, Southwest Healthcare hospital expansion, new airport, and the opening of Tot Lot Childcare’s new location. • Growth management including finishing the City of Bowman’s Land Use Plan and continued work with the Bowman County Oil Impact Committee. • Housing and infrastructure development and resources.

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