Greater Beloit it Community and Econom omic Development Update - - PDF document

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Greater Beloit it Community and Econom

• mic Development Update

December 14, 2016 GBEDCAnnual Investors Meeting

Project Announcement

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G5 Brewing Company

• Lee and Jill Gunderson proprietors
• Craft brewery-restaurant/bar/beer garden
• Initial 10 barrel brewing system
• 8-10 Regular & Seasonal beers
• Growth goal- 10,000 barrels annually
• Employ 50-70 full and part-time workers
• 9,750 square foot facility
• Beloit City Council considering approving
• ffer to purchase next Monday

3

G5 Brewing Company

Proposed Gateway location 1801 Gateway Blvd. 5.12 acre site

4

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5 6

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7 8

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City Center/R r/Redevelop

• pment Activi

vity

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Continued ed Redevel elopm

• pmen

ent of the Ironwor

• rks

ks

* Ebates/FatWallet Expansion * Comply365 * AccuLynx * Mastercraft * Stateline FamilyYMCA (Groundbreaking was held April 2016

and Grand Opening scheduled for Spring 2017)

* Hendricks CareerTek (Construction is underway and opening

scheduled for January 2017)

Iron

• nwor
• rks

South Parkin ing Lot

• t

Expansion ion

Net New Stalls Approximately 90

12/16/2016 7  Business Incubator  Co-working Space  Tech Hub  gBETA  Score

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The Power of the Powerhouse

Beloit it College ege Power er House projec ect

*Adaptive reuse

*From a vacant power generating

facility to -

*A campus activity and recreation

center

*Fitness Center/Pool/Track *Health &Wellness Center *Flexible Meeting Spaces *Lecture Hall/MovieTheatre *Nearing fundraising goal of $38

million

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Indus ustrial rial Devel elopmen pment

Altra Industr ustria ial Motion tion

• Renovation of South Beloit

Gardner Street location

• $1.5 Million capital investment
• 30 new jobs
• Adding new Research and

Development capabilities

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Riversid side Energy Center er

Alliant Energy proposed natural gas-fueled generating station-

Town of Beloit Riverside Energy Center

*

700 Megawatt

*

$750 Million investment

*

200-300 Construction jobs

• ver 2 years

*

Additional long-term

• perational positions

Approved by the PSC-

*

Demo work began in May

*

Large scale construction 2017-2019

*

Fully operational 2020

TreeHou

• use Foods (Formerl

rly ConAgra ra)

• Recently completed a major expansion to its South Beloit cookie

factory facility

• $15 Million Investment
• 150 Net new jobs created
• Potential to add an additional new line

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DuPont Expansio ion Phase II

• Significant production

capacity expansion project

• 2 new jobs
• $23 million investment

TMD

• Leasing the entire 105,000 SF space from HCP at

2401 Stateline Road

• $14 million investment
• 118 Full-time jobs
• Average wage- $16/hr.
• Preliminary production- February 2017
• Full production- May 2017

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(State Line Industrial Park)

31. 1.59 59 Acre Site

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*PHASE I (Leased)

*Initial 105,000 SF building *Construction began the end ofApril 2016 *Substantial completion December 31, 2016 *$6 million capital investment

*PHASE II (Adjacent toWillowbrook Road)

*105,000 SF building construction to begin spring 2017 *$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

Townline ne/Walters Industr trial Park rk

* 85Acres * May be Subdivided * ImmediatelyAdjacent to Riverside Energy Facility * Town Owned * NewAggressive Incentive Pricing Strategy

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Midwest est Refriger igerated ed Services es

• MRS leasing with an option to buy 2555 Kennedy Drive
• $1.5 Renovation and conversion to a refrigerated

warehouse/distribution facility

• Creating 8 new jobs

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Synder er’s ’s Lance

• Snyder’s Lance the Nations second largest salty snack maker

recently purchased Diamond Foods including the Beloit Kettle Chips Manufacturing facility

• Adding 2 new potato chip fryers
• $9 Million Capital Investment

Frito-L

• -Lay Expansion

nsion Proj

• jec

ect

• 2810 Kennedy Road
• New potato chip line
• 30,000 SF warehouse

addition

• Construction complete

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OTHER NOTABLE PROJECT

• $13.8 Million Project
• New Hybrid Operating Room
• 2 Cardiac Catheterization Labs
• 3 Phase Project with

completion in 2017

Hendricks Family Heart Hospital & Packard Cardiology Clinic

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Residentia ial Developm

• pment

ASSISTE TED LIVING NG

Beloit Senior Housing

*2250West Hart Road *44-100 units *5 acre development *Project will create 24 new jobs *$5,000,000 private investment *Construction Complete – Grand Opening - September 24, 2016

Cranston Elderly Care Facility

*1971 Cranston Road *20 Units (assisted living) *Construction to begin Spring 2017

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Multi-Family

Hawk’s Ridge Expansion

*3 New 4 Story Buildings *400 Additional Units *441 New parking stalls

Hawk’s Ridge Expansion

Condo Project

Walnut Grove Condos

*Duplex Condos *6 buildings/12 units *Some pre-sold

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Single Family

Eagles Ridge Subdivision (Gateway)

* Building permits for new homes (and sales) increasing since great recession. * 14 since 2012 * New Leaf Homes has built 13 of the 14 and has plans to construct more including

the newly platted Raven Drive Subdivision.

* New home values range from $154,000 to $206,000

Town of Beloit Residenti tial Opportuni tuniti ties * Blackhawk Run * Cora Court/Lockhart Project * Heron Bay * Town Owned Incentivized Pricing * Potential Combined Impact * 137 New homes * $22.5 million net tax base * 600 New residents

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*Stateline Business Journal *Chicago Industrial Properties *Midwest Real Estate News

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Workfor

• rce

ce Develop lopment Activity ty

Jobs In Rock County

Streamline your talent recruitment and retention efforts by using JobsInRockCounty.com, the area’s one-stop employment and information portal.

* Launched March 2016 * Robust, Easy-to-Use Online Job Posting Interface * Create, Save & Update PostingTemplates * Job Board, Search Engine & Social Media Compatibility * Access Applicant Information in Real-Time * Automate & CustomizeApplicant Communication * Share Pre-Qualified Candidates;Access aTrailing Spouse & Lock-In the Candidate by Leveraging the

Community Connection Program

* AccessValue-Added Community Information & Data * Serve as a Resource forThird-Party Recruiters * 90 companies signed on * 130 job positions * Average 1 new posting per day

www.jobsinrockcounty.com

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*Crafting and delivering an accurate and enthusiastic brand promise and

message (promoting Beloit)

*Interacting with HR and recruiting staff *Interacting with existing and prospective professional employees *A solid understanding of Beloit and its assets (knowledge) *Making connections with people (engagement) *Familiarization of Greater Beloit’s major employers *Superb customer relationship skills *CommunityTours *Establish and maintaining a network of local “go to” resources

Talent Recruitment and Retention Community Concierge Pilot Program

Vision Beloit Partners hire and manage a part-time position to provide employment candidates customized interaction.

Comm mmunity Concierge erge Pilot Progra gram Funded ed $20,000

Initial Investors

*Hendricks Companies *Kerry *Beloit College *Beloit Health System *First National Bank &Trust

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Maggie Littlefield

Community Concierge

Major Infras astru tructu cture Projects cts

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*Widening Project scheduled to start in 2017

and expected to be completed in 2022

*Final I-39/90-I-43 interchange alignment

determined (construction 2020-2022)

*Sign up for updates:

http://projects.511wi.gov/i-39- 90/emailupdates/ I-39 39/90 /90 Expansion

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Questions should be directed to Andy Hill in Engineering at 364-6692

• Total reconstruction of

Colley Road between Gateway Boulevard and the East City limits.

• Curb/gutter
• Roadway
• Lighting
• Utility Extension
• Signalized intersection

*Connecting link

from Hwy G (PrairieAve.) to County S (Shopiere Rd.)

*Construction

Complete

Inman Park rkway Extens nsion County ty HWY BT

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*GBEDC supported cost of initial feasibility study *Initial draft completed and presented to the task

force and contributors

*Key stakeholders will be evaluating the study to

determine the next steps in the next 30 days

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GBEDC DC Business iness Ret etention ention and Expansion nsion Progr

• gram

263 Interviews in Rock County conducted to date

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• Loan Portfolio Update
• 3 loans active
• $83,578 lent out
• 1 loan approved and pending closing
• Funds Available
• $328,461.20

Invest estor

• rs Update

* Paid InvestorsYTD: 75 * Past Due: 0 * New InvestorsYTD: 5

* Community Health Systems * Father & Son’s Cleaning * Western Container * Kurt Egan – Individual * Johnson Bank

* Budgeted Income: $66,000 * IncomeYTD: $69,713.75

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Un Unemp mployme ment for the City of Beloi

• it

Month/Year Rate Rank October 2015 5.2% 3 November 2015 5.2% 4 December 2015 5.4% 3 January 2016 6.4% 3 February 2016 6.8% 2 March 2016 6.6% 2 April 2016 6.3% 2 May 2016 5.5% 3 June 2016 6.3% 3 July 2016 6.0% 3 August 2016 5.5% 3 September 2016 4.7% 3 October 2016 4.9% 3

*Source: Wisconsin Department of Workforce Development, Bureau of Workforce Training – Labor Market Information Section

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Econom nomic ic Develop

• pment

ent Activit ivity

Number of Jobs New Square Feet Value Total

350 100,000 $861,400,000

Number of Jobs New Square Feet Value Total

3,540 4,349,404 $1,488,028,195

Summary of Economic Development Activity Since 1999 Summary of Current Economic Development Activity

QUESTIONS? THANKYOU!