Greater Beloi oit Econom omic Develop opment GBED EDC Annual - PDF document

12/12/2018 Greater Beloi oit Econom omic Develop opment GBED EDC Annual Investors Meeti eting Decem ember er 12, 2018 2 1

12/12/2018 ABC Supply ply Expa pansion • 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 3 New Office 4 Story Office Building 2

12/12/2018 New Office 4 Story Office Building New Office 4 Story Office Building 3

12/12/2018 New Office 4 Story Office Building New Office 4 Story Office Building 4

12/12/2018 9 Seal-R l-Rit ite Door • Manufacturer of High-Performance Residential Doors relocating from Rockford, IL • Leasing 105K SF Spec Building II • 16 Million Dollar Project • 84 New Jobs • WEDC Providing a $250K Tax Credit 10 5

12/12/2018 PMP Americas • Provides Support to the Pulp and Paper Industry • Former Beloit Corp. Subsidiary • Recently purchased and rehabbed 16200 Woodmint Lane in South Beloit – Relocated from Machesney ey Park • 12K Building • 17 Employees 11 Beloit Casino Project • Significant Milestone Achiev eved • November Announcement • Department of Interior published the EIS in the Federal Register • Public Hearing held December 11th • ETA for Federal Approv oval – April 2019? • Governor Review ew <12 Months 12 6

12/12/2018 City Center/ r/ Redevelo lopme pment Activity ity Iron onwor orks Pe Pedes estrian Bridge comp mpleted ed and dedica cated ed to the public 7

12/12/2018 Hotel Goodwin win • 500 Public Avenue • 34 Room Boutique Hotel • Velvet Buffalo Café • Rooftop Meeting Space • 35,000 SF Renovation • $5.2 Million Project • Open BMHS Master Plan - Phase I - Welcome Center Administration Offices • $5.5 Million Dollar Project • 26,000 SF • Construction scheduled to be completed by Summer 2019 8

12/12/2018 Continued Redevelopment of the Ironw nworks IronTek Expansion 8K SF - Complete (35 companies currently - waiting list of 18) Ebates Expansion 25K-35K SF - Complete Acculynx Expansion 12K-22K SF – Complete First National Bank & Trust 22K SF - Complete • Plannin ing and fundrais isin ing phases compl plete - $38 Millio ion • 150,0 ,000 SF compl plete renovatio ion • Offic icia ial demo/buil ildin ing phase began last summer • Constructio ion through 2018 - Compl plete by fall 2019 9

12/12/2018 200 West Grand Avenue ue • Former Kerry manufacturing site • Vacant 10+ years • HCP is transforming the building into a 72-unit upscale apartment building Photo provided by the Beloit Daily News • Studio, One, Two and Three- Bedrooms will be available • Unique floor plans, amenities, and materials (brick, steel, etc.) • $12 Million Investment • Construction starts 2019 Truk't Stree eet Tacos and Blue Colla lar Coffee fee Truk’t Street Tacos • 443 East Grand Ave. • International Tacos • Tequila & Whiskey Bar • Open Blue Collar Coffee • 408 Pleasant St. • Unique/Specialty Coffees & Teas • Craft Pastries • Open Combined creates new 50 jobs 10

12/12/2018 Indust strial rial Develo lopme ment nt Kerry Group Kerry Connect Program • Implementation of the North American Phase with over 70 rollouts already taken place across the globe Program involves the standardization of business processes and • data via a global computer (SAP) System • One of Kerry’s most significant capital investments ever undertaken • 120 additional staff members and 3rd party consultants Program will be headquartered in Beloit with the Kerry Connect • Team occupying 25,000 SF at the Ironworks Complex (SAP)= System, Applications, Products 11

12/12/2018 NorthS hStar Medical cal Radioi oisot otop opes Recently gained approval from the USDA to produce radioisotopes in  their RadioGenix System Radioisotopes are used in 10 Million medical diagnostic procedures a  year in the US Construction on Phase II including a 20,000 SF 50% complete  $9 Million Investment (building only)  A Pa Pacific Bearing Company • $10 Million Expansion Project of South Beloit Campus • 66,000 SF New Building • Manufacturing • Office / Support • Cafeteria • $6.25 Million • New Machinery & Equipment • $3.75 Million • 2 Year Project • 70% Complete 12

12/12/2018 Riverside Energy Cent nter Alliant Energy pro roposed natural gas-fueled generating station- Town of Beloit Riverside Energy Center  730 Megawa watt  $700 Million investment  60% Complete  Current onsite labor force over 700  Fully Operational by early 2020 Fairb rbank nks Morse  New 18,000 SF Engine Paint Shop  New Security Center  $2,750,000 Investment 13

12/12/2018 LCS 29 TO BE NAMED USS BELOIT Graphic provided by the U.S. Navy This graphic illustration shows the future Independence- variant littoral combat ship USS Beloit. The new ship was announced October 9th by U.S. Sen. Tammy Baldwin, D-Wis., and recognizes a partnership between Fairbanks Morse in Beloit and the U.S. Navy since 1938. USS BELOIT SPONSOR MARCIA ANDERSON  Retired U.S. Army Major General  Beloit Native  First Black Woman Promoted to Army Major General  Will participate in milestones in the life of the ship  Keel laying  Launching  Commissioning  Maintains a lifelong relationship with the ship and crew 14

12/12/2018 COMMERCIAL AL/ RETAIL IL ACTIVIT VITY Casey’s Genera ral Store St Town own of Beloit • 4,700SF • Corner of Prairie Avenue and Inman Parkway ay • Opened Nov ovember 9 th 30 15

12/12/2018 G5 Brewing Company Craft micro brewery- restaurant/bar/beer garden 50-70 full and part-time employees 9,750 SF facility $2.8 Million Inv nvestment Construction underway March opening 31 KDN Hospital italit ity New Holiday Inn Express Hotel • • 6 Stories/84K SF • 124 Rooms • 3022 Ford Street (former Wickes Lumber site) • Outlot Development Opportunities Under Construction – Open April 2019 • 16

12/12/2018 Belo loit it Hotel Gro roup LLC  Hilton Home 2 (Extended Stay Hotel)  102 Rooms/64K SF  Adjacent to Hampton Inn (Cranston/Milwaukee Road)  $11,200,000 Investment  Out lot Development Opportunities  Open Other Notable Commercial Projects ts  Bryden Quick Lube  Cornerstone Credit Union South Beloit  The Rock Bar and Grill -Outdoor Venue Amenities 17

12/12/2018 Resid identia ial Develo lopment nt Town of Beloit Residen denti tial Deve velopm pment Black ckhawk Ru Run • Single family and duplex mix • 3 units under construction • 50 available Courtney Condos os • Duplex condos • 5 buildings constructed • 6-14 expected in 2019 Glen en Hills • Plat approved • Infrastructure and home construction to begin spring • 36 single-family lots River er Bay Estates es • Mix of single and multi-family units • 1 under construction • 25 available 18

12/12/2018 Single Family Eagles Ridge Subdivision on (Gateway) • New Leaf homes continues to pull permits and build homes • 3 homes under construction • New home values range from $154,000 to $206,000 • Construction on Phase III (22 lots) and extension of Eagles Ridge Drive on hold for winter Elm Grove ve Esta tate Condos  4 Buildings  18 Units (Multi-Family)  28,500 SF  Under Construction  Leasing first 6 unit building underway  Ribbon cutting September 20 th 19

12/12/2018 Hawk wk’s Ridge Apartment nts  1 new building  58 units  $11.4M Assessed Value  Construction underway  Construction of a 7th building being considered Major Infr frastr tructu ture Proje jects ts 20

12/12/2018 I- I-39/9 /90 Expansio sion  Funded and under construction  Project being advanced by 1 year  Most local work will take place 2019-2021  Complete by 2021 including new interchange Town Hall Road Reconstr tructi tion  Town wnhall Road from Gateway Blvd going south to near the rail ilroad tracks  Compl plete reconstructio ion  New pavement & base  Curb & gutter  Ditches & sidewalk  Lightin ing  Re-pa pavement from rail ilroad tracks ks to curve  Constructio ion compl plete 21

12/12/2018 Gateway Water Extension  Creates loop/ p/resil ilien iency in system  Prepa pares the Dougan Meadows ws site for future single-f -family resid identia ial South Beloit Wastewater Treatment Plant  June 2018 Groundbreakin king  $34.7 .7 Millio ion  20% Compl plete  Operatio ional 2020 22

12/12/2018 STRATEG EGIC IC INITIA IATIVE IVES Gateway Housi sing Mast ster Planning and Marketing - 15 15 acres es Multi-Fami mily - Master er Plan prepa pared ed - Re Reques est for Propos posals issued ed - 1 propos posal Forward Constructi ction on Grou oup, p, LLC 23

12/12/2018 Concept Plan Vision Beloit  Vision Beloit Partners gave up space at 500 Public Ave. to support space needs for the Hotel Goodwin Project.  Currently exploring several options for reestablish new Vision Beloit offices • Existing facilities • Existing with additions • New build 24

12/12/2018 ECONOM ONOMIC IC INDIC ICATORS RS 25