Invest
Measurable goals and objectives
• Work to secure 7,500 new jobs and/or a new payroll of at least $173,700,000
annually for the region by 2008.
• Realize $750,000,000 in new capital investment within the region by
2008.
• Assist in incubating at least 15 new technology-based businesses by
2008.
• Retain at least 6,183 jobs by November 2005 and attract at least one
new mission associated with Ellsworth Air Force Base by 2008.
• Provide home ownership opportunities for 400 low-income families throughout
the region by 2008.
• Bring about 20% increase in air passenger traffic by 2008.
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Black Hills Vision doesn't cost…it pays!
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Number of New Primary Jobs
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7,500
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Primary Wage Rate Paid (hourly)
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$11.58
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Total Direct Payroll
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$173,700,000
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Total Payroll
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$257,076,000
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Total Jobs
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13,650
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Calculated Indirect Jobs Created
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6,150
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Calculated Indirect Wage Rate Paid (hourly)
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$6.52
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Personal Income
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$167,099,400
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Disposable Personal Income
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$141,215,703
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Net Personal Consumption Expenditures
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$131,951,953
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Deposit Potential for Area Financial Institutions
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$14,733,505
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Investor Recognition Levels
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Platinum
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$100,000 and up
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Gold
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$50,000 - $99,999
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Silver
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$25,000 - $49,999
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Black Hills Benefactor
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$15,000 - 24,999
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Patron
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$5,000 - 14,999
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Investor
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Up to $4,999
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Investors at all levels will be invited to attend
periodic briefing meetings on campaign progress and at least one
annual meeting per year.
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Investors will be named in a full page roster in the
Rapid City Journal in late February.
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Robert A. Nelson is a professional solicitor representing National
Community Development Services, a professional fund-raising firm contracting
with the Rapid City Area Chamber of Commerce, Black Hills Community Economic
Development, and the Rapid City Economic Development Partnership doing
business as "Black Hills Vision" - a public funding initiative
of $3,000,000. Investors should always check with their financial and/or
legal council regarding the deductibility of investments in fundraising
programs. Generally, only charitable organizations qualify for income
tax deductions.
Accountability and oversight
An oversight committee known as the Governance Council will administer
funds received through the campaign. The Governance Council will consist
of the chief paid executive of each organization, the current chair, future
chair, and immediate pst chair. The Governance Council will also include
those investors who have a significant interest and financial commitment
to the program. This critical initiative must attract and engage leaders
from all levels of business and government throughout the Black Hills
in order to succeed.
Black Hills Vision - Invest
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