Featured Economic Development Project 2 1 12/15/2017 NEW - PDF document

12/15/2017 Greater Beloit Community & Economic Development Update December 13, 2017 GBEDC Annual Investors Meeting Featured Economic Development Project 2 1

12/15/2017 NEW Operations Center 525 Third Street, Suite 300 | IronWorks Campus Summer 2018 22,000 sq/ft  90-95 employees  $4.5 million  City Center/Redevelopment Activity 2

12/15/2017 Hotel Goodwin  419 Pleasant Street  34 Room Boutique Hotel  Velvet Buffalo Café  Rooftop Meeting Space  35,000 SF Renovation  $5.2 Million Project  Summer 2018 - Completion 5 Vision Beloit Office Renovation - 10 year lease extension 6 3

12/15/2017 The Power of the Powerhouse Beloit College’s New Campus Activity Center • Planning and fundraising phases complete • Official demo/building phase began June 9 th • $38 Million Dollar Project • Complete by 2019 Continued Redevelopment of the Ironworks  Stateline Family YMCA - Open  First National Bank & Trust - Operations Center Expansion  Golf Lab – Open  CareerTek – Open  Planned Irontek Expansion – 8,000 SF  Several Pending Project Announcements  Received Real Estate Redevelopment Award from WEDA 4

12/15/2017 Ironworks Pedestrian Bridge and Ken Hendricks Plaza  Span between Ironworks Campus and Ironworks Hotel/Heritage View  HCP designed, built and funded $1.2M Project  HCP will dedicate the structure to the City of Beloit 228’ Long Single Warren Truss Span 10 5

12/15/2017 CELEB (Center for Entrepreneurship in Liberal Education Beloit)  Complete renovation/modernization  Houston Building 437 East Grand  Hulburt Building 439 East Grand  Roof Replacement/New skylights  Façade renovations including window replacements  Renovation of 6,000 SF into a new maker space (innovation design and prototyping)  Expansion of Gallery ABBA  High-tech pitch space – think “Shark Tank”  New elevator State Collection Services  Relocation and expansion to Eclipse Center  42,000 SF in-bound and out-bound call center  Adding 250 new positions over next 3 years (500+/- total)  $1.9M Investment 6

12/15/2017 Industrial Development Pratt Industries  Off-site expansion  43,000 SF  4732 Prairie Hill Road – South Beloit  Warehousing for material 14 7

12/15/2017 Riverside Energy Center Alliant Energy proposed natural gas-fueled generating station- Town of Beloit Riverside Energy Center  700 Megawatt  $750 Million investment  200-300 Construction jobs over 2 years  Additional long-term operational positions  Steel erection underway  Fully operational early 2019 or 2020 HENDRICKS COMMERCIAL PROPERTIES SPEC BUILDING PROJECT PHASE II (State Line Industrial Park) 8

12/15/2017  PHASE I (Leased)  Initial 105,000 SF building - Fully Operational  PHASE II (Adjacent to Willowbrook Road)  105,000 SF building construction to begin Spring 2018  $6 million capital investment  PHASE III and Beyond  Addition of up to 210,000 SF of building space  $12 million in additional private capital investment STAPLES ORDER FULLFILLMENT CENTER OFF-SITE EXPANSION  Leasing 142,000 square feet at One Reynolds Drive (former Alcoa Building)  Expansion of warehouse/distribution capacity- (large office furniture items)  Long-term lease  8 Jobs  One Reynolds Drive nearly 100% occupied 9

12/15/2017 TRU ASEPTICS INGREDIENTS  New start-up food processing company Purchased former ADM/Wild Aseptics Building at 2924 Wyetta Drive  Will produce aseptic juices and ingredients  $9.4 million dollar project  Create 40+ new jobs  GBEDC provided a $100,000 loan to support the project Westran Thermal Processing  483 Gardner Street- South Beloit  Produces custom ovens for thermo processing applications  37 employees 20 10

12/15/2017 COMMERCIAL/RETAIL ACTIVITY G5 Brewing Company • Craft micro brewery-restaurant/bar/beer garden • Employ 50-70 full and part-time workers • 9,750 square foot facility • Closed on Gateway site on March 3 rd • Construction underway • Spring opening 22 11

12/15/2017 KDN Hospitality • Proposed Holiday Inn Express • 6 story hotel/84K SF • 124 rooms • 3022 Ford Street (former Wickes Lumber site) • Outlot Development Opportunities • Spring Construction Beloit Hotel Group LLC  Hilton Home 2 (Extended Stay Hotel)  102 Rooms/64K SF  Adjacent to the Hampton Inn (Cranston/Milwaukee Road)  Outlot Development Opportunities  Under construction 24 12

12/15/2017 Milwaukee Corridor Retail 2787 Milwaukee Rd. • Dunkin Donuts • Firehouse Subs Beloit Wal-Mart Supercenter  Complete interior/exterior renovation  $700,000+ 13

12/15/2017 Residential Development Willowick Assisted Living Elderly Care Facility • Assisted Living • 1971 Cranston Road • 13,750 SF • $2M Investment • 26 Beds • Construction Complete 14

12/15/2017 Single Family Eagles Ridge Subdivision (Gateway) • Building permits for new homes (and sales) increasing since great recession • Raven Court Complete – 6 Lots • New home values range from $154,000 to $206,000 • Construction on the Phase III (22 Lots) expected to begin spring 2018 Hawk’s Ridge Apartments  1 new building  58 units  $11.4M Assessed Value  Construction underway 15

12/15/2017 Kadlec Condos  4 Building  18 Units (Multi-Family)  28,500 SF  Under Construction 31 Major Infrastructure Projects 16

12/15/2017 Town Hall Substati tation • Rock County Cooperative Infrastructure Upgrade • Colley Road Town Hall intersection • 10 MVA Capacity • $2,000,000 Investment • Site work complete • Energized by end of year • Station will support expansion of Gateway Business Park Town Hall Road Reconstr truc ucti tion • Gateway Blvd (N) to UP Rail Road (S) • Complete Reconstruction • Curb/Gutter • Surface • Lighting • Construction start Spring 2018 17

12/15/2017 I-39/90 Expansion  Funded and under construction! (Work through December restart Spring)  Complete 2022? 35 Strategic Initiatives 18

12/15/2017 Retail Leakage Analysis - Complete Nature at the Confluence • Dedicated June 15th • GBEDC supported through the 2013 Connections Plan 19

12/15/2017 Beloit Casino Project  Project back on track  2 lobbying trips to Washington  Anticipate publication in the Federal Register first quarter - 2018  Public hearing second quarter - 2018 39 BMHS Master Plan- Phase I Welcome Center Approved • $5.5 Million Dollar Project • Construction scheduled to be completed by 12/1/18 40 20

12/15/2017 Rock County Entrepreneurial Business Development Program 42 21

12/15/2017 Metrics 43 Workforce Development 22

12/15/2017 Community Concierge Program Provides a link between employers looking to hire professionals and prospects looking for employment and a community to live. Customized services include: • Community Tours • Neighborhood and Home previews • School Tours • Community Orientations • Meet & Greets Funded into 2018 45 2017 Data & Statistics gathered by Maggie Littlefield 46 23

12/15/2017 Anaerobic Digester Project Feasibility Study Transform bio-waste into bio-gas 47 Marketing Activity 48 24

12/15/2017 Marketing Print Campaign targeting Chicago Market continues…  Chicago Industrial Properties  Stateline Business Journal 49 Replacement and installation of new Gateway Real Estate Marketing Signs Cost shared between City (TID#10) and GBEDC 50 25

12/15/2017 Earned Media Badger Institute Magazine MSNBC Internet Video Clip 51 GBEDC Programming Updates 26

12/15/2017 RLF Update • Loan Portfolio Update • 3 loans active • $128,393 lent out • Funds Available • $67,530.84 Investors Update  Paid Investors YTD: 74  New Investors YTD: 3  Budgeted Income: $70,000  Income YTD: $74,446.43 27

12/15/2017 Business Retention and Expansion Program 279 Interviews in Rock County conducted to date Economic Indicators 28

12/15/2017 57 Unemployment for the City of Beloit Month/Year Rate Rank October 2016 4.9% 3 November 2016 4.6% 5 December 2016 4.4% 6 January 2017 5.6% 31 February 2017 6.2% 31 March 2017 5.7% 32 April 2017 4.8% 32 May 2017 4.7% 32 June 2017 5.2% 31 July 2017 4.6% 30 August 2017 5.1% 30 September 2017 3.9% 29 October 2017 3.6% 29 *Source: Wisconsin Department of Workforce Development, Bureau of Workforce Training – Labor Market Information Section 29

12/15/2017 Economic Development Activity Summary of Current Economic Development Activity New Number of Jobs Square Feet Value Total 332 361,899 $894,613,400 Summary of Economic Development Activity Since 1999 New Number of Jobs Square Feet Value Total 3,921 4,701,303 $1,575,641,595 Questions/Comments? Thank you! http://www.msnbc.com/your- business/watch/beloit-wi-transforms-its- main-street-1093081155967 30