The Tri-State Development Regional Report
news & updates
JUNE 2023 | Issue 8
Upcoming Events
Please note: In order to maximize the ability of all regional stakeholders to attend Task Force meetings, they will be held virtually. Going forward, in-person meetings will be held for small group and committee meetings with virtual links available.
JUNE
19 Juneteenth
21 Combined Corn Belt Ports & UMIMRA Annual Meeting: please see more information in the Task Force section below
JULY
3 Tri-State Development Office CLOSED
4 Fourth of July Holiday
11 Transportation Task Force Meeting: 2:00pm virtual only
12 Regional Health & Wellbeing Task Force Meeting: 2:00pm virtual only
13 Tri-State Development Advisory Board Meeting: 2:00pm virtual only
13 Marketing the Tri-State Region Task Force Meeting: 3:00pm virtual only
25 Rural Revitalization & Placemaking Task Force Meeting: 2:00pm virtual only
26 River Development Task Force Meeting: 2:00pm virtual only
HOUSING IN THE
TRI-STATE DEVELOPMENT REGION
June is National Homeownership Month, providing the perfect time to acknowledge the benefits of home ownership and commit to working within our communities to create opportunities for future homeowners.

As a region, we've been grappling with the challenge of a housing shortage for several years. We understand that this crisis has been caused by a range of factors, including supply chain issues, a housing stock that is aging and in decline, higher new-construction costs compared to urban and suburban areas, and appraisal values that, especially recently, are not keeping up with the price of building a new home or fixing an existing one.

After years of slow and declining investment in aging home renovations and a lack of new housing construction in our small towns and farming communities, we are challenged by a significant housing deficit. A recent Wall Street Journal article noted, "Fewer homes are being built per household than almost any other time in US history, and it is even worse in rural areas." As a result, in some rural communities, economic growth is impeded not by the lack of jobs but by the lack of housing for workers. Does that sound familiar?

We've all been closely monitoring the housing shortage crisis in our region. In task force meetings over the past year, the shortage of available housing comes up consistently in discussions regarding workforce recruitment, placemaking, and the greater burden being put on public and social services. The challenges that the housing shortage poses to individuals and families seeking safe and affordable housing, companies needing to fill open positions, and to communities where economic development is stalled are imposing.

Tri-State Development is committed to supporting regional decision-makers in evaluating solutions and gathering stakeholders to discuss new opportunities, including investing in modern and sustainable housing infrastructure, workable solutions to streamline the supply chain, and creating collaborative partnerships within our region to create economic growth.
Tri-State Development Regional Statistics and Insights on Housing
The current housing inventory crisis is a pressing issue that affects communities across the country. With a shortage of available homes, prospective buyers are facing fierce competition and skyrocketing prices, while renters are struggling to find affordable options. This crisis is not only a national burden, but it also has a significant impact on local communities in the Tri-State Region. As we work together to seek solutions that will increase housing inventory and promote affordability, let's explore what being at home in the Tri-State Region looks like.
Charts can be made more visible with a simple click!
TRI-STATE SPOTLIGHT
HOW MOBERLY, MO IS TACKLING THE HOUSING CRISIS
Moberly, Missouri, is tackling the rural housing crisis through collaborative private-public efforts, and it's getting results. Not unlike other small towns throughout the country where a lack of adequate housing stifles growth, Moberly needs affordable housing. The "Magic City," a nickname given to Moberly early last century when it grew explosively while serving as a railroad hub between St. Louis and Kansas City, is making significant progress. 
Wednesday, April 26th 2023 | 1:00 pm
Wide Open Spaces: Preserving Affordable Housing in Rural America
Did you miss Up For Growth's April webinar on Housing Underproduction?

Description: Underproduction and housing scarcity now impact nearly every community in the United States, including more rural or exurban communities. However, the problems faced by less dense municipalities are very different from those faced by urban centers. With a focus on preserving affordable housing and combating blight, rural communities often have difficulty attracting the investment necessary to manage and maintain their housing stock. For this month’s webinar, please join Up for Growth and a panel of experts to discuss how rural communities are working to solve their housing crisis and the unique barriers they face.
What The Data Shows
  • In the Tri-State region's 36 counties, 437 housing building permits were issued in 2022, 366 were for single-family units and 71 were for multi-family.

  • Regional building permits were down an average of 126% in 2022 from the previous year in the Tri-State region.

  • The counties with the most building permits issued in 2022 for single-family units were Adams County, IL (66), Henry County, IA (52), and Marion County, MO (31).

  • The county in our region that issued permits for the most multi-family units was Adair County, MO.

To view a chart of the Tri-State regional data by county, click here.

Data Visualization Tool
New Privately Owned Housing Units Authorized by State
The Census Bureau recently released an interactive tool that shows the number of building permits issued for new residential construction.

Evaluating the trends in new residential permits is crucial to understanding both the current and future market.

Since permit issuance is the first step in any new residential construction project, the Building Permits Survey (BPS) data is an early indicator of future residential construction activity.

The new tool allows users to follow changes in data over the past few years and to drill down to more detailed data and geographic areas.
Wednesday, September 13 - Thursday, September 14
Oakley-Lindsay Center, Quincy, IL

Registration is now open! Click here.
Tri-State Development is proud to acknowledge the community partners who have already signed up to provide sponsorship support for the 2023 Summit.

Tri-State Development sponsorships provide critical funding for ongoing collaborative initiatives throughout the year. This past year, sponsorships:
  • fueled the activities of 7 task forces, each dedicated to solving regional challenges
  • allowed for the creation and distribution of a monthly regional newsletter
  • provided the opportunity for a robust data aggregator that allows us to respond to requests for important local, regional, and national data to create important insights, grant proposals, and gather evidence for community-level discussions and decisions
  • contributed to the build-out of an enhanced Tri-State Development website that houses regional data, insights, important information, and content.
  • helped Tri-State Development create and implement a unique civic engagement-focused internship program open to all regional college students.
Community Partner Sponsorships Power Tri-State Development
Thank you to The Moorman Foundation for serving as the Presenting Sponsor of the 2023 Tri-State Development Summit!

Thank you to Chariton Valley and Blessing Health System for supporting Summit as valuable Program Sponsors!
Please join us in thanking Culver-Stockton College, WGEM, and The Oakley-Lindsay Center for their generous in-kind support.
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Thank you to our 2023 Community and Sustaining Sponsors:

Adams Fiber
Great River Economic Development Foundation
Michelmann Steel Construction Company
Northeast Power
Ralph Oakley
Titan International
Please consider joining these community leaders in supporting the
Tri-State Development Summit.



NEW THIS YEAR!
  • Introductory Economic Development Workshop

  • Speed Networking Event

  • Multiple Engaging Breakout Sessions

  • Opportunity for Sponsor Exhibit Tables
We are gearing up for a very exciting
Tri-State Development Summit 2023
and want to see you there!
TASK FORCE UPDATES
To register, please click here.
To view the full agenda and schedule, please click here.
Tri-State Development is eager to share the progress and impact of task force efforts by providing access to meeting discussion notes and follow-up actions. Please click on the links below to review the most recent task force notes.
Catch up on the Tri-State Development Newsletters that you missed!
Tri-State Development at Culver-Stockton College supports the region by cultivating collaborative relationships, promoting interdisciplinary problem-solving, fostering the expansion of academic-organization-industry initiatives, and developing an environment for collective impact to address the current and emerging economic, and social challenges in the region.
Tri-State Development Summit at Culver-Stockton College | [culver.edu/tsd]
Leslie Sieck, Executive Director [lsieck@culver.edu]