Board of Directors Kristie Homeier, Chairman Mallory Davis, Vice Chairman Welcome & Thank You Leon Weigel, Treasurer Ward Craig June 11, 2018 – SPARC grant Dr. Paul Lampert Community Introduction Meeting Joleen Lawson Marty Myers Jeff Ochampaugh Morgan Vonfeldt Mark Popp Marvel Castor John O. Farmer, IV Angela Muller, Executive Director
Workshop Agenda • SPARC Introduction • Mallory Davis, RCACF Board Member • Overview of Application Process • Angie Muller, RCACF Executive Director • Deep Dive into Economic Development • Janae Talbott, Director, Russell Co. Economic Development and CVB • Strategic Cooperation Tips • Betty Johnson, Dane G. Hansen Foundation • Question and Answers
An Introduction to SPARC
2017 Board Retreat How can we do a better job of leveraging more significant value with the generous gifts of un-restricted funds contributors have entrusted us to manage? What does “more significant value” look like? A task-force was formed to tackle these questions and return to the board with a proposal by February 2018 board meeting.
OBJECTIVE OF THE FIRST TASK FORCE MEETING WAS TO ANSWER THE QUESTION… “More Significant Value” for un- restricted funds means… • Broadly Collaborative Efforts on Larger Projects • Impactful on Russell Area Economic Development • Sustainable, Long-Term, Measurable Results RCA CACF CF TASK ASK FOR FORCE CE
Invitational Discovery Meetings Held Through a couple of these discovery meetings it was confirmed with almost unanimous consensus that working together (collaboration) is needed and we need more projects that impact or set the stage for longer-term impact upon economic development. We also learned that there is no shortage of ideas for big projects!
February 2018 The full RCACF board voted unanimously to approve the new SPARC grant as proposed by the task force.
From a little spark may burst a flame. Dante Alighieri The SPARC grant is designed to provide the “spark” to ignite meaningful results.
Step 1: Collaborative groups interested in applying for a SPARC grant begin with the submission of a Letter of Inquiry (LOI) which broadly presents the project overview. Step 2: The SPARC selection committee will invite a limited number of LOI applicants to proceed with a formal application. These selected applicants will receive technical assistance grants to help complete their applications. Step 3: Applicants will meet with the SPARC selection committee to make a formal presentation and answer questions about their proposed project.
PROJECT HAS PROJECT THERE ARE LONG-TERM, PROMOTES COLLABORATIVE MEASURED ECONOMIC PARTNERS IMPACT DEVELOPMENT
Application Process
Grant Timeline • June 11, 2018 – Grant program begins with workshop • August 1, 2018 – Collaboration Workshop with Patty Clark • Sept 1, 2018 – Letter of Inquiry (LOI) due at www.rcacf.net • Sept 15, 2018 – Finalists announced • Sept-Oct, 2018 – Technical assistance grants (up to $2,000) awarded to finalists • Dec 15, 2018 – Final applications due at www.rcacf.net • Jan-Feb, 2019 – SPARC Committee will interview finalists • February 15, 2019 – SPARC grant awarded
Grant Funding The SPARC grant is potentially a multi-year program (1-3 years) awarding $75,000 to $175,000 total to a project(s) that promotes PROJECT PROJECT HAS THERE ARE PROMOTES LONG-TERM, COLLABORATIVE ECONOMIC MEASURED PARTNERS DEVELOPMENT IMPACT
Letter of Inquiry (LOI) • The Letter of Inquiry (LOI) is the initial application step • Complete online at www.rcacf.net by Sept 1 • It’s an introduction to your project and its potential
Section 1 Project Description/Economic Impact • Project Name • Amount Requested • Brief Project Description • Primary Categorization of Economic Impact • Creates New Economy • Strengthens Existing Economy • Strengthens Community Economy • Local Community Impact • Your Project Timeline
Section 2 Collaboration All proposals should include collaborative planning among multiple organizations. Please list each collaborative partner and a brief description of their contributions to the project.
Section 3 Project Funding • Describe what type of funding is being requested • Expand Business • Capital • Project/Program • Seed Money • Provide brief budget or rough estimate of the total costs for the first year using a budget form. • Tell us if you request multi-year funding (1-3 years) and anticipated funding request per year • Tell us if you would accept technical assistance grant up to $2,000 and how you would spend the funds
Technical Assistance Grants Finalists are eligible for technical assistance grants up to $2,000 to further develop their project proposal Funds can be used for research, consultation, exploration trips or visits, or anything else that will help improve the qualification of the application and the chances of the project success. Some applicants will receive technical assistance grants that are not awarded a SPARC grant… perhaps this will provide the application a “head - start” for the next SPARC grant cycle.
Sections 4 & 5 Section 4: Measuring Long-Term Impact • Describe projected results and measured impact • Describe your sustainability and exit strategy Section 5: Organization Information • This grant will be awarded to a qualified charitable recipient. • 501c3 charitable organization, government/public entity, educational institution, church, other
SPARC Grant Applications Will be Scored Based Upon these Foundational Questions HOW DOES YOUR PROJECT RESULT HOW DOES WHO ARE YOUR IN LONG-TERM, PROJECT COLLABORATIVE MEASURED PROMOTES PARTNERS IMPACT ON ECONOMIC (2+) RUSSELL CO DEVELOPMENT AREA
Deep Dive into Measuring Economic Development Janae Talbott, Director, Russell Co Economic Development and CVB
The Two Sectors of Economic Drivers: New and Developing: Existing: • New Business Development • Business Retention • Recruitment of New • Job Retention Industry • Succession • New Job Creation • Expansion of Current • New Market Development Business – expansion of • Entrepreneurship product, service, or employees. • Research and Development
Reaching your destination: Core Measurements Indicators of Core Measurements (traditional) • Number of building permits – commercial and/or residential • Increase in NEW job • Number of inquiries received (about a service/program/or lead generation) creation • Number of vacant buildings renovated and full • Increase in Tax Base • Capturing new dollars to the community (Grants/Investment/Tourism) • Increase in Sales Tax • Population Increase. Collected • Increasing transportation ease for commerce purposes, • Increase in Median Wage infrastructure improvements, • Quality of Life – Education, Healthcare, Entertainment, • Increase in New Business Recreation, Transportation, Parks, etc. Development • Workforce: education; skill development. • Decrease in Unemployment • Leveraging Resources. Rate • Additional indicators: Depending on what you are measuring additional sources can be…How many houses have sold? How many commercial properties have sold or developed? School enrollment numbers, etc .
Baseline Data – Russell County Data current as of June 2018: • Russell County Median Wage: $14.75 an hour • Population: www.census.gov • Unemployment Maps: www.klic.dol.ks.gov, click on County Employment Map (lower part of page) • Sales Tax Receipts: Russell County Treasurer's Office, Email rscotreasurer@ruraltel.net, 785.483.2251 • Building Permits: Contact City Office(s). If in County contact GIS Office: rscogis@gmail.com, 785.483.6650
Russell County Economic Development and CVB, Janae Talbott, Director 331 E. Wichita, Russell, Ks 67665 rced@russellks.org Phone: 785-483-4000 / www.russellcoks.org Facebook: Russell County Cult ltiv ivatin ing g Know owle ledge dge, Cult ltiv ivat ating ing Communit unity, Cult ltiv ivating ing Change ange
Why Collaboration is Important – Betty Johnson, Dane G. Hansen Foundation
Strategic Cooperation Tips Betty Johnson, CFRE Betty Johnson & Associates June 11, 2018 Russell, KS
Today’s Outcome What is strategic cooperation? Why do it? How to do it successfully
Strategic Cooperation Two or more groups pooling resources to achieve mutually agreed upon outcomes and increased success
Why get involved in a strategic collaboration? Can accomplish more together than alone Can enhance success, productivity Raise awareness. Raise visibility. Build relationships with others who help you fulfill your mission. Capacity building. cont
Why get involved in a strategic collaboration? Mutual goals and outcomes Financial It just makes sense!
Advantages of Strategic Cooperation Shared risks Knowledge sharing/learning Opportunity for growth Complexity Innovation Cont
Advantages of Strategic Cooperation Faster outcomes Costs/finances Networks Economies of scale
Disadvantages of Strategic Cooperation Sharing: information/knowledge skills resources Potential uneven alliances Loss of some control (but can gain as well)
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