GBEDC Annual Investors Meeting December 10, 2014

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1 GBEDC Annual Investors Meeting December 10, 2014

2 Chicago Fittings Corporation

3 Company and Project Background Company Formed in 1930 (Currently located in Belvedere, IL) Specialty Fitting Manufacturer Patented Engineering Solutions Hydraulic Applications Natural Gas Propane Distribution X-Riser ISO Certified & has required UPC/IPC listings

4 Product Example X-Riser

5 Typical Pigtail Installation JOINT FACTORY JOINT JOINT JOINT

6 JOINT JOINT Installation (No Joints Below Grade at Building)

7 COMPRESSION Quick Comparison

8 Chicago Fittings Company currently leases on a month-to-month basis Desire to construct and own a modern more efficient facility Community and State committed to growth and development of small business JosephTarquini President Conducted a multi-state site selection search Selected a site in the Gateway Business Park

9 Chicago Fittings 4.26 Acre Site 30,000 Square Feet $2.36 Million Investment (land/building & equipment) 15 New Jobs initially up to 25 in 3 years Klobucar Construction- Design/Build Contractor

11 GBEDC, WEDC, City of Beloit Incentive Package Conveyance of site $1.00 (GBEDC) TID Funded Project Developer Incentive 25% of taxes paid over 8 years JobsTax Credit Allocation of $175,000 (WEDC)

13 Economic Development Activity

14 Location: 655 Third St. $38 Million renovation YMCA may relocate to the south end A $1 Million WEDC Idle Industrial Sites grant awarded to the City of Beloit to support the project

15 Aqua Innovations Comply365 Expansion III Stateline Collections Expansion III HCP Relocation

Grand Avenue 1,300 SF $1,100 Investment Shaved Ice Smoothies

17 Downtown Mixed-Use Development 40,000 SF $4 Million Investment 19 of 27 Residential Units are Rented Flying Pig - OPEN 457 East Grand Avenue 1,300 SF $1,100 Investment Shaved Ice Smoothies Teas/Coffees Smoothies/Ice Cream Lunch Menu More tenants to be announced soon!

18 Expanding into the City Center Building 500 Public Avenue 1,450 SF $400,000 Private Investment OPEN

19 Purchased by HCP Partial demolition work to begin in 2015 Ironworks type mixed-use redevelopment HCP also intends to purchase 100 East Grand (former Kerry office building) from the City Retain Fat Wallet as a tenant Undertake a complete external renovation

20 Economic Development Activity

21 Leasing 120,000 square feet in the former Alcoa Building Warehouse distribution

to their Beloit I-90 Industrial Park site Plan to begin construction

22 Has purchased a 3.4 acre site from the City of Beloit The site is immediately adjacent to their Beloit I-90 Industrial Park site Plan to begin construction on a new 18,000 -/+ square foot production start date TBD Project will create 3-4 jobs Site will accommodate future expansions

23 New H.Q. building for both businesses To be located on Townhall Road (East of Gateway) 2 Story 22,000 square foot office building $1,760,000 construction cost Under construction

24 Company plans to develop a production facility linear accelerators to produce isotopes used in diagnostic medical imaging 50,000 SF facility is well into construction Phase 1 will create 12 new jobs Recently received a $5.2 Million Dollar Grant from the DOE

25 Leasing the former JRT Trucking Building in the I-90 Industrial Park 2555 Kennedy Drive Recently purchased by Terry McGuire and Tom Lasse IPM using the space for warehouse distribution

26 Expansion into the Town of Beloit Business Park 2825 Bartells Drive 7,000 SF Renovation 3 New Jobs working on-site Plans to add production capacity in the next 6 months

24,000 SF Clubhouse New Pool Area Improved Golf

28 Hendricks Commercial Properties purchased property August 2014 Groundbreaking October New 24,000 SF Clubhouse New Pool Area Improved Golf Course Open May 2015 New Flexible Membership Levels

29 Southwest corner of I-90 and IL Rt. 75 Proposed 450,000 Square Foot Retail Development Tenants Meijer Supercenter Anchor Tenant Final Plat Approved in May

30 Multiple projects: warehouse expansion, gas station, car wash and convenience store 21,546 square foot addition Construction expected to be completed in 2014 $3,500,000 Investment Final Phase (Warehouse to be complete in early 2015)

31 Proposed New Assisted Living Residential Complex 2250 West Hart Road units being proposed 5 acre development Project will create 24 new jobs $5,000,000 private investment

32 72 total units located between Shuster Drive and Cranston Road 48 Residential Care Units 24 units will be in a Community Based Residential Facility with a Memory Care Center 4 acre development Project will create 60 new jobs $5,000,000 private investment Developer has purchased property

33 Garden Hotel South Beloit Complete Renovation Pool, Restaurant/Bar, Rooms, Common Areas $5,000, New Jobs Fantastic Sam s Hair Salon 2850 Milwaukee Road 1,254 SF 5 New Jobs Wendy s Renovation 2800 Milwaukee Road Planet Fitness 1867 Prairie Avenue 18,176 SF

35 Erin Clausen, Director of Marketing Target Marketing Annual Report Community Branding

36 Old site New site On Time On Budget

Vision Beloit Partners Project 18 month effort Project Goal Develop a unique identity for the community that is clearly distinguishable from that of

37 Vision Beloit Partners Project 18 month effort Project Goal Develop a unique identity for the community that is clearly distinguishable from that of other destination/cities Celebrate: History, Diversity, Unity Hired Cubic Advertising Background Research Focus Group Meetings On-site and digital ethnography

38 Create a Brand Story Tagline Forged in strength, adventure, history, innovation, business Logo Creative Graphic Intent to allow the Vision Beloit Partners to market themselves individually while providing continuity.

39 Website Vision Beloit Partners Project GBEDC DBA Visit Beloit GBCC The Beloit Experience Live Work Learn/Innovate Create Experience Beloit 2020 request to create a new website targeted at new prospective employees thisisbeloit.com

40 Targeted to the Chicago Market Chicago Industrial Properties Midwest Real Estate News 18 Month Campaign Print Website Banner EBlasts

43 Funded by the Hendricks Family Foundation (3 years) Forge a line between local current workforce needs and students Data driven with goal orientated objectives Pilot program with goal to expand regionally, state and national

44 80 Companies Registered 100 Career Coaches Identified 200 Work-Based Learning Activities Catalogued 300+ Educators Registered, Trainings Continue

Town of Beloit Sewer Treatment Expansion Project $3.

Gateway Sewer and Water Extension $900,000 to support

Fran Fruzen Intermediate School 102,500 SF New

45 Town of Beloit Sewer Treatment Expansion Project $3.9 Million Dollar Project will allow for increased capacity Gateway Sewer and Water Extension $900,000 to support CCI/Blackhawk Transport and future development projects Fran Fruzen Intermediate School 102,500 SF New construction $17,250,000 (estimated) Capital Investment Estimated completion July 2015

46 192 Interviews conducted to date Companies with Local Expansion Plans Workforce Indicators Source: Rock County 5.0 Company Locations

47 Loan Portfolio Update 4 loans $135,515 lent out 1 loan delinquent Funds Available $271,678.01

48 Paid Investors YTD: 66 Past Due: 0 New Investors YTD: 6 Budgeted Income: $65,000 Income YTD: $62,650

49 Month/Year Rate Rank October % 2 November % 3 December % 2 January % 2 February % 2 March % 2 April % 2 May % 2 June % 2 July % 2 August % 3 September % 3 October % 3 *Source: Wisconsin Department of Workforce Development, Bureau of Workforce Training Labor Market Information Section

50 Summary of Current Economic Development Activity Total Number of Jobs New Square Feet Value ,546 $64,330,000 Summary of Economic Development Activity Since 1999 Total Number of Jobs New Square Feet Value 3,138 3,838,948 $586,553,195

51 Thank You!

Greater Beloit Community and Economic Development Update

Greater Beloit Community and Economic Development Update December 14, 2016 GBEDC Annual Investors Meeting Project Announcement 1 G5 Brewing Company Lee and Jill Gunderson proprietors Craft brewery-restaurant/bar/beer