Greater Beloit Community and Economic Development Update

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Stanley Franklin
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1 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 garden Initial 10 barrel brewing system 8-10 Regular & Seasonal beers Growth goal- 10,000 barrels annually

2 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 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 acre site 4 2

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5 9 City Center/Redevelopment Activity 5

Continued Redevelopment of the Ironworks *

AccuLynx * Mastercraft * Stateline FamilyYMCA

Opening scheduled for Spring 2017) * Hendricks

opening scheduled for January 2017) Ironworks

6 Continued Redevelopment of the Ironworks * 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) Ironworks South Parking Lot Expansion Net New Stalls Approximately 90 6

7 Business Incubator Co-working Space Tech Hub gbeta Score 7

The Power of the Powerhouse Beloit College Power House project *Adaptive reuse *From a vacant power generating facility to - *A campus activity and

8 The Power of the Powerhouse Beloit College Power House project *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

9 Industrial Development Altra Industrial Motion Renovation of South Beloit Gardner Street location $1.5 Million capital investment 30 new jobs Adding new Research and Development capabilities 9

Riverside Energy Center Alliant Energy proposed natural gas-fueled generating station- Town of

jobs over 2 years * Additional long-term operational positions Approved by the PSC- * Demo

Foods (Formerly ConAgra) Recently completed a major expansion to its South Beloit cookie

10 Riverside Energy Center Alliant Energy proposed natural gas-fueled generating station- Town of Beloit Riverside Energy Center * 700 Megawatt * $750 Million investment * Construction jobs over 2 years * Additional long-term operational positions Approved by the PSC- * Demo work began in May * Large scale construction * Fully operational 2020 TreeHouse Foods (Formerly ConAgra) 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

HCP at 2401 Stateline Road $14 million investment 118 Full-time jobs Average

11 DuPont Expansion 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

12 (State Line Industrial Park) Acre Site 12

*PHASE III and Beyond *Addition of up to 210,000 SF of building space *$12 million in additional private capital investment Townline/Walters

13 *PHASE I (Leased) *Initial 105,000 SF building *Construction began the end of April 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/Walters Industrial Park * 85 Acres * May be Subdivided * Immediately Adjacent to Riverside Energy Facility * Town Owned * New Aggressive Incentive Pricing Strategy 13

14 Midwest Refrigerated Services 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

Synder s Lance Snyder s Lance the Nations

Adding 2 new potato chip fryers $9 Million

Project 2810 Kennedy Road New potato chip

15 Synder 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-Lay Expansion Project 2810 Kennedy Road New potato chip line 30,000 SF warehouse addition Construction complete 15

16 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

investment *Construction Complete Grand Opening - September 24, 2016 Cranston Elderly

17 Residential Development ASSISTED LIVING Beloit Senior Housing *2250West Hart Road * 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

18 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

Single Family Eagles Ridge Subdivision (Gateway) *

14 and has plans to construct more including the newly

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

Cora Court/Lockhart Project * Heron Bay * Town Owned

19 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 Residential Opportunities * 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

20 *Stateline Business Journal *Chicago Industrial Properties *Midwest Real Estate News 20

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22 Workforce Development Activity 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 & Customize Applicant 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 22

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

23 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 Community Concierge Pilot Program Funded $20,000 Initial Investors *Hendricks Companies *Kerry *Beloit College *Beloit Health System *First National Bank &Trust 23

24 Maggie Littlefield Community Concierge Major Infrastructure Projects 24

interchange alignment determined (construction 2020-2022)

25 I-39/90 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 ) *Sign up for updates: 25

Questions should be directed to Andy Hill in

of Colley Road between Gateway Boulevard and

Parkway Extension County HWY BT *Connecting

26 Questions should be directed to Andy Hill in Engineering at Total reconstruction of Colley Road between Gateway Boulevard and the East City limits. Curb/gutter Roadway Lighting Utility Extension Signalized intersection Inman Parkway Extension County HWY BT *Connecting link from Hwy G (Prairie Ave.) to County S (Shopiere Rd.) *Construction Complete 26

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28 *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

29 GBEDC Business Retention and Expansion Program 263 Interviews in Rock County conducted to date 29

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

31 Unemployment for the City of Beloit Month/Year Rate Rank October % 3 November % 4 December % 3 January % 3 February % 2 March % 2 April % 2 May % 3 June % 3 July % 3 August % 3 September % 3 October % 3 *Source: Wisconsin Department of Workforce Development, Bureau of Workforce Training Labor Market Information Section 31

Economic Development Activity Summary of Current Economic Development Activity Number of Jobs New Square Feet Value Total 350 100,000 $861,400,000

32 Economic Development Activity Summary of Current Economic Development Activity Number of Jobs New Square Feet Value Total ,000 $861,400,000 Summary of Economic Development Activity Since 1999 Number of Jobs New Square Feet Value Total 3,540 4,349,404 $1,488,028,195 QUESTIONS? THANK YOU! 32

GBEDC Annual Investors Meeting December 10, 2014

GBEDC Annual Investors Meeting December 10, 2014 Chicago Fittings Corporation Company and Project Background Company Formed in 1930 (Currently located in Belvedere, IL) Specialty Fitting Manufacturer Patented