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Marshalltown Area Chamber of Commerce 709 South Center Street P.O. Box 1000 Marshalltown, Iowa 50158. A PROUD HISTORY. MARSHALL COUNTY ENTREPRENEURS CREATED AND PRODUCED NEW PRODUCTS. 1880-William Fisher invents the constant pressure pump governor.
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Marshalltown Area Chamber of Commerce709 South Center StreetP.O. Box 1000Marshalltown, Iowa 50158
A PROUD HISTORY MARSHALL COUNTY ENTREPRENEURS CREATED AND PRODUCED NEW PRODUCTS 1880-William Fisher invents the constant pressure pump governor 1893- J.C. and E. L. Williams, begin trowel production 1895-Dave Lennox produces the riveted-steel furnace
THESE MARSHALL COUNTY COMPANIES BECAME MULTI-NATIONAL CORPORATIONS
100 YEARS LATER • NEW TECHNOLOGIES ARE CREATED • ESTABLISHED COMPANIES CHANGE • NEW COMPANIES EMERGE • THE AREA BECOMES MORE DIVERSE • MARSHALLTOWN & MARSHALL COUNTY COMPETE IN A GLOBAL ECONOMY
IN 2003 THE LOCAL ECONOMY PRODUCED GOODS AND SERVICES WORTH $6.7 BILLION! LOCAL BUSINESSES & INSTITUTIONS PURCHASED GOODS & SERVICES WORTH NEARLY $1.2 BILLION FROM OUT-OF-AREA SUPPLIERS *David Swenson, Department of Economics, Iowa State University
WHAT IF? SOME OF THESE OUT-OF-AREA PURCHASES COULD STAY IN MARSHALL COUNTY?
“BUYING IN” A LITTLE MEANS BUILDING AND GROWING A LOT WE UNDERSTAND THAT OUR AREA CANNOT PROVIDE 100% OF ALL GOODS AND SERVICES THAT ARE NEEDED AND REQUIRED FOR BUSINESSES, INSTITUTIONS AND GOVERNMENTS. BUT WE ALSO KNOW THAT A SMALL SHIFT HAS A HUGE IMPACT.
IN FACT, SHIFTING JUST 5% OF THE OUT-OF-AREA GOODS AND SERVICESFROM THE INDUSTRIAL SECTOR ALONE ADDS UP TO $18.75 MILLION IN NEW DOLLARS FOR MARSHALL COUNTY! *David Swenson, Department of Economics, Iowa State University
$18.75 MILLION TO HELP GROW JOBS AND BUILD BUSINESSES LOCALLY • THE DIRECT ECONOMIC IMPACT WOULD BE: • $7.7 MILLION MORE IN LOCAL WAGES • 226 NEW LOCAL JOBS • *David Swenson Department of Economics, Iowa State University
WHEN LOCAL BUSINESSES BUY FROM EACH OTHER IT BUILDS A STRONG LOCAL ECONOMY
“Raymon-Donco partners locally with Ryerson, Morgan-Hauser Steel, Gervich and Sons, Marshalltown Packaging/H & J Pallet, PCA, Diamond Vogel Paints and twenty-two other material suppliers. Over 90% of the materials used in our manufacturing process are provided by these Marshalltown vendors. Raymon-Donco supplies HVAC products for commercial buildings in the United States. Our industry is very competitive and requires very short manufacturing cycle time. Our local vendors meet or exceed Midwest competitive pricing and provide unparalleled service. They are essential to our success.” Larry A. Raymon, CEO Raymon-Donco
THAT’S WHY THE MARSHALLTOWN AREA CHAMBER OF COMMERCE IS ASKING YOU TO “TARGET 5—BUY IN!”
“BUYING IN” A LITTLE MEANS BUILDING AND GROWING THE LOCAL ECONOMY A LOT
BUT IT IS NOT JUST INDUSTRY THE CHAMBER ASKS EVERYONE-- • BUSINESSES •INSTITUTIONS •GOVERNMENTS •CONSUMERS LOOK AT PURCHASING OPPORTUNITIES WITHIN OUR COMMUNITY AND COUNTY BEFORE BUYING ANYWHERE ELSE.
IT’S EASY • MAKE “TARGET 5-BUY IN” A #1 PRIORITY • GET THE “TARGET 5-BUY IN” MESSAGE TO THOSE WHO DO THE PURCHASING • MAKE AN INVENTORY OF CURRENT PURCHASES • EVALUATE OUT OF-AREA PURCHASES TO IDENTIFY GOODS & SERVICES THAT ARE AVAILABLE LOCALLY • SHIFT 5% OF THE OUT-OF-AREA PURCHASES BACK INTO MARSHALL COUNTY
WHEN CONSUMERS & INSTITUTIONAL BUSINESSES JOIN INDUSTRY IN SUPPORTING “TARGET 5-BUY IN” THE IMPACT WOULD BE HUGE!
WHEN ALL SECTORS OF OUR ECONOMY “BUY IN” THE IMPACT GROWS FROM 226 TO 350 NEW JOBS FROM $18.75 MILLION TO $40 MILLION ADDED TO LOCAL ECONOMY * THAT’S REAL MONEY, REAL JOBS, REAL ECONOMIC IMPACT! *David Swenson, Department of Economics, Iowa State University
A SMALL SHIFT HAS A HUGE IMPACT! WE UNDERSTAND OUR AREA CANNOT PROVIDE 100% OF THE GOODS AND SERVICES NEEDED BUT THE CHAMBER BELIEVES IT CAN PROVIDE 5% MORE THAN IT DOES NOW!
“Premier Office, Those Ink Guys, Central Office Supply and other local vendors are cost effective and customer centered. They have what I need and their sales force is very knowledgeable and helpful. Thanks to them I try to buy local where it fits our mission.” Richard La Tour Director of Material Management, MMSC
SO JOIN US! WHEN YOU “TARGET 5 AND BUY IN!” YOU DON’T SPEND MORE, BUT EVERYONE FEELS THE POSITIVE IMPACT IT’S ABOUT YOUR BUSINESS, YOUR BOTTOM LINE, OUR ECONOMY!
Marshalltown Area Chamber of Commerce709 South Center StreetP.O. Box 1000Marshalltown, Iowa 50158