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

12/16/2016 Greater Beloit it Community and Econom omic Development Update December 14, 2016 GBEDCAnnual Investors Meeting Project Announcement 1

12/16/2016 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 • offer to purchase next Monday 3 G5 Brewing Company Proposed Gateway location 1801 Gateway Blvd. 5.12 acre site 4 2

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12/16/2016 9 City Center/R r/Redevelop opment Activi vity 5

12/16/2016 Continued ed Redevel elopm opmen ent of the Ironwor orks 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 onwor orks South Parkin ing Lot ot Expansion ion Net New Stalls Approximately 90 6

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

12/16/2016 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 8

12/16/2016 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 9

12/16/2016 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 over 2 years * Additional long-term operational positions Approved by the PSC- * Demo work began in May * Large scale construction 2017-2019 * Fully operational 2020 TreeHou ouse 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 10

12/16/2016 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 11

12/16/2016 (State Line Industrial Park) 31. 1.59 59 Acre Site 12

12/16/2016 * 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 13

12/16/2016 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 14

12/16/2016 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 o-Lay Expansion nsion Proj ojec ect • 2810 Kennedy Road • New potato chip line • 30,000 SF warehouse addition • Construction complete 15

12/16/2016 OTHER NOTABLE PROJECT Hendricks Family Heart Hospital & Packard Cardiology Clinic • $13.8 Million Project • New Hybrid Operating Room • 2 Cardiac Catheterization Labs • 3 Phase Project with completion in 2017 16

12/16/2016 Residentia ial Developm opment 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 17

12/16/2016 Multi-Family Hawk’s Ridge Expansion Hawk’s Ridge Expansion * 3 New 4 Story Buildings * 400 Additional Units * 441 New parking stalls Condo Project Walnut Grove Condos * Duplex Condos * 6 buildings/12 units * Some pre-sold 18

12/16/2016 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 19

12/16/2016 * Stateline Business Journal * Chicago Industrial Properties * Midwest Real Estate News 20

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12/16/2016 Workfor orce ce Develop lopment Activity ty Jobs In R ock C ounty 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 22

12/16/2016 Talent Recruitment and Retention Community Concierge Pilot Program Vision Beloit Partners hire and manage a part-time position to provide employment candidates customized interaction. * 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 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 23

12/16/2016 Maggie Littlefield Community Concierge Major Infras astru tructu cture Projects cts 24

12/16/2016 I-39 39/90 /90 Expansion * 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/ 25

12/16/2016 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 Inman Park rkway Extens nsion County ty HWY BT * Connecting link from Hwy G (PrairieAve.) to County S (Shopiere Rd.) * Construction Complete 26

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12/16/2016 * 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 28

12/16/2016 GBEDC DC Business iness Ret etention ention and Expansion nsion Progr ogram 263 Interviews in Rock County conducted to date 29

12/16/2016 • Loan Portfolio Update • 3 loans active • $83,578 lent out • 1 loan approved and pending closing • Funds Available • $328,461.20 Invest estor ors 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 30