GBEDC Quarterly Board Meeting March 11, 2020 80 acre site - PowerPoint PPT Presentation

GBEDC Quarterly Board Meeting March 11, 2020

• 80 acre site • 1,000,000 SF building • Over $100,000,000 investment • Fulfillment Center • 500 FTE Jobs • 1,200 parking stalls • Open end of September HH Photography 3

HCP Spec Buildings III & IV • 40 Acre GBEDC owned site • Offer approved • $1,000/acre • Proposed 2 208,000 square foot buildings • Goal to close April • Construction Spring/Summer 4

One ne Reynolds ynolds Dr Driv ive Pratt Industries Expansion • Leasing building #10 • 142,740 S.F. warehousing space • Former Alcoa campus 100% occupied 5

NorthStar thStar Me Medical dical Rad adiois ioisotopes opes • Recently gained approval from the FDA to produce radioisotopes in their RadioGenix System • Construction on Phase II including a 20,000 SF addition completed in August – fully operational 2020 • $9 Million Investment (building only) • Construction on Phase III of the 34,700 S.F. underway • 200 jobs by end of 2020 • $35 Million Investment

Lyons ons TRU TRU to o Nature ture April announcement that Lyons Magnus had purchased TRU • Aseptics LLC – rebranded Lyons TRU to Nature The Company plans to significantly add to production and • warehouse/distribution capacity • Doubling facility size 62,000 S.F. • Utilizing existing Allied Games former facility • Increasing workforce (200) • $70 Million Investment

Al Alli lied ed Ga Game mes • New Construction • 18,120 S.F. • $2,500 investment • Moving across the street to accommodate Lyons TRU to Nature expansion 9

AB ABC C Supp upply ly Ex Expansion ansion #3 ABC Drive • 132,000 SF Office Expansion • New 4 story building • $30,500,000 Investment • 270 Associates will work there initially with projected growth up to 600 • Under construction- completion ETA July 2020

Riv iver erside side Ene Energy rgy Ce Cent nter er Alliant Energy proposed natural gas- fueled generating station - Town of Beloit Riverside Energy Center • 730 Megawatt • $700 Million investment • More than 99% complete • Current onsite labor force over 125 • About 3 million work hours • Fully Operational very soon.

Vision Beloit Project 656 Pleasant Street (former • Angel Museum site) Early 2019 City conducted a • formal RFP process Selected Visit Beloit’s • Proposal Phase I – Reuse of Existing • Building (2020) • Temporary offices for Visit Beloit • New Event Venue • $434,000 Investment Phase II – New Addition (2021) • • Construction of a new 7,980 SF office suite • $2,185,000

Wright and Wagner Lofts 200 West Grand Avenue Building # 1 Under Construction 14

Wright and Wagner Lofts – cont’d 200 West Grand Avenue • HCP has spent much of 2019 preparing the site and conducting strategic demolitions • Mid-year determination that re-use of existing structures was not economically viable • 3 new structures- • 58,396 SF each • $14 Million each • Market rate multi-family residential • 54 units each • some retail/office- 2,000 S.F. 15

• 150,000 SF complete renovation • $38 Million Investment • Pedestrian bridge set in June • Existing building dedicated • 2/7/2020 • New fieldhouse open end of November – 17,200 S.F.

511 Public Avenue – Former Methodist Church site • 14 High-end Row houses • 2,300 Commercial • PUD/Rezoning Approved • Groundbreaking Spring 17

Riverbend Stadium - Snappers • 7 acre City-owned Riverbend site 5,000 seat facility • • Team will be owned/operated by Quint Studer $34 million project • Riverbend Stadium Authority • formed and organized to own facility-20 year lease Next Steps • • Capital approval • DNR approval City of Beloit approval – land • sale,building,code,lease,etc. City of South Beloit – land for • parking Major and Minor Leagues • approvals Start construction April ? • Opening Day – April 2021? • 18

Oaks II HCP single- family “professional level” housing • • 22 Lots • GBEDC providing a $25K Discretionary Grant for infrastructure costs • Construction on public infrastructure underway (sanitary complete) • Foundations to begin by end of year • First home start Spring 2020

Wi Willo lowick wick Ass ssist isted ed Li Living ving – Town wn of f Belo eloit it • 3010 Bartells Drive • 29,817 S.F. • 36 units • $4.4 cost • First building under construction • Second building under consideration 21

Town n of of Bel eloi oit t Res eside dent ntial Devel elop opme ment nt Blackhawk Run • Single family and duplex mix • 2 units – 1 duplex and 1 single are under construction • 3 Single family homes are expected to break ground soon • 24 Single Family lots remain and 21 duplex lot remain Courtney Condos • 2 Buildings with a total of 4 units are under construction Green Hills • 3 Single family homes are under construction 22

Si Single ngle Fami mily ly Eagles Ridge Subdivision (Gateway) • New Leaf homes continues to pull permits and build homes • 7 homes completed on market for sale • 3 homes under construction • 2 sold • Plats No 4 & No 5 in planning stage (70 Lots)

Hawk’s Ridge Apartments • 1 new building • 75 units • $11.4M Assessed Value • Construction of building number 9 (75 units) is under construction

Other notable Commercial Projects • O’Reilly Auto Parts – 4 th Street • $433K Open • 7,200 S.F. • Burger King • $1M Open • 3,249 S.F. • OfficePro • Relocation – Janesville/Elkhorn • 24,000 S.F. • 30 Jobs 26

I-39 39/90 /90 Ex Expansion ansion • Funded and under construction • Most interchange work will take place 2020-2021 • Complete by fall 2021

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GBEDC, Chamber and Visit Beloit supporting temporary directional signage 30

So Sout uth h Bel eloi oit t Wastewater Treatment Plant • June 2018 Groundbreaking • $34.7 Million • 65% Complete • Operational July 1 st 31

Str trat ateg egic ic In Init itia iati tives es

Ten en-Mi Mile le Ci City ty Rep epor ort Collaborative Effort with Beloit 200 • Jointly hiring Belmark & Associates • Retail Market Analysis • Housing Component • Platform for consistency moving forward • Complete April 2020 33

WORKF RKFOR ORCE CE DEVEL EVELOPMENT OPMENT

Workforce Development highlights Practice Interview Program - pairs local business • people with BMHS juniors for credit requirement (graded) Craftspeople with Character (High School for Credit • Program) Pathway for Manufacturing Careers Support of Early Literacy Project being led by the • Stateline Community Foundation Talent Pipeline Research Project completed •

Workforce Development Programs cont. Rock Internship • Program (Earn & Learn) Paid Internship • ($10/hour) for all Rock County HS Seniors Rock County 5.0 • Covering 50% of cost “ Overall, it’s a • GBEDC provided 1 golden opportunity scholarship not to pass by.” • Deadline extended to March 20 th

Ec Econ onomi omic c In Indi dica cator ors

Unemployment for the City of Beloit Month/Year Rate Rank December 2018 3.2% 29 January 2019 4.3% 32 February 2019 4.4% 32 March 2019 4.4% 32 April 2019 3.7% 32 May 2019 4.1% 31 June 2019 4.9% 32 July 2019 4.4% 31 August 2019 5.4% 32 September 2019 4.1% 31 October 2019 3.7% 30 November 2019 3.8% 30 December 2019 3.9% 30 *Source: Wisconsin Department of Workforce Development, Bureau of Workforce Training – Labor Market Information Section

City of Beloit Building Permit Activity 2019 • 1,171 Permits issued • $ 138,382,587 Million value

Economic Development Activity Summary of Current Economic Development Activity New Number of # of Jobs Square Feet units Value Total 790 1,907,882 201 $1,035,191,000

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