Union County Community Improvement Corporation Investment Portfolio
Our MISSION is to expand the economy of Union County by working together with our local, regional, and state economic development partners to ensure that our community attracts balanced and sustainable industrial, commercial, and residential development. Our VISION is an innovative, connected, smart-growth economy combining manufacturing, research, agriculture, and retail in communities that provide a familiar sense of place. 1
Economic Development Program Components The 2014 Union County Economic Development Strategy (EDS) outlines specific recommendations on how our community can improve its competitiveness and encourage business growth and development. With unprecedented changes occurring in the national and global economies, the diversification of our economy, refinement of workforce development policies, and expansion of the local tax base are critical to ensuring that our community continues to thrive and be self-sustaining. Based upon the recommendations of the 2014 EDS, the Union County CIC has concentrated its economic development efforts on five primary components: ATTRACT employers to Union County to diversify the economic base. RETAIN and grow the economic base through outreach to existing businesses. CREATE new businesses by leveraging local entrepreneurs. ENHANCE civic infrastructure to support growth and strong communities. SPECIAL PROJECTS that allow Union County to remain competitive. 2
The Union County Marysville Economic Development Ecosystem The 2014 Union County Economic Development Strategy (EDS) outlines specific recommendations on how our community can improve its competitiveness and encourage business growth and development. With unprecedented changes occurring in the national and global economies, the diversification of our economy, refinement of workforce development policies, and expansion of the local tax base are critical to ensuring that our community continues to thrive and be self-sustaining. Marysville- Union County Port Authority Community Improvement Corporation (CIC) Union County Chamber of Commerce Union County CVB/Tourism The Marysville-Union County Port Authority (MUCPA) is a statutory agent of Union County. Unlike a city or county, port authorities can buy land and construct a building that could be leased or sold to a business of its choosing at a privately negotiated price. They can also issue tax-exempt bonds on behalf of a private entity for the construction of new plant or equipment. The CIC serves as the primary point of contact for companies looking to expand an existing business or relocate a new business to Union County and Marysville. The CIC works together with local, regional and state partners to ensure that the community attracts balanced and sustainable industrial, commercial and residential development. The Union County Chamber of Commerce provides a forum and serves as the collective voice for business, government, and citizens of Union County. Through member services, small and large business assistance, community support and promotion, and business advocacy, the Chamber ensures business and community growth and development. The Union County Convention & Tourism Bureau (CVB) recognizes the economic impact of tourism and works to improve that aspect of economic development for Union County and its various communities by promoting the development and marketing of Union County, focusing on bus tours, tourism asset marketing, and services. JobsOhio : (State Partner) Columbus 2020 : (Regional Partner) JobsOhio is a private non-profit corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention, and expansion efforts. Columbus 2020 serves as the economic development organization for the 11-county Columbus Region, working in partnership with state and local partners to generate opportunity and build capacity for economic growth. 3
It s a great time to live and work in Union County. The prosperous community we enjoy today was built upon a foundation of strong community partnerships, excellent business climate, and unyielding ambition to build a better future for all residents. Thanks to our partnerships with the business community, elected officials, and community organizations, the Union County CIC has been able to lead Union County through the following recent accomplishments: 2017 Accomplishments Responded to 7 Columbus 2020/JobsOhio Leads Construction Began on Marysville s 33 Innovation Park Phase I of NW 33 Corridor Fiber Project Installed NW 33 Council of Governments Established Starkey Site (Jerome Twp.) Received Ohio InSite Certification Initiated Phase II of Natural Gas Capacity Study Participated in Business Missions to Japan, The Netherlands, Silicon Valley, and Detroit Updated CIC/ED Website and Created 33 Smart Corridor and Innovation Park Websites 2016 Accomplishments Initiated the Development of the 33 Innovation Park Received USDOT & ODOT Funding for NW 33 Fiber Collaborative/Smart Mobility Corridor Received $300,000 State Earmark for Renovation of Avalon Theatre Completed the Marysville Uptown Revitalization Plan Update Completed the Marysville Downtown Residential Market Study Launched the UP/GO Uptown Trolley Service Council of Governments formed to Manage the NW 33 Fiber Collaborative CEDA/JEDD Established with Millcreek and Jerome Townships Crossroads Area Plan Completed Established the Union County Human Resources Council Completed Natural Gas Capacity Study Attended Midwest US Japan Association Conference in St. Louis, MO Coordinated Student Exchange Program w/ Yorii, Japan Students 2015 Accomplishments Lead NW 33 Innovation Corridor Discussions Lead CEDA/JEDD Discussion with Marysville, and Jerome/Millcreek Twps. Assisted with Dublin Green (Costco) Negotiations Updated the Economic Development Incentive Policy Traveled to Japan for Goodwill & Business Mission Completed the Greenway & Trails Master Plan Expanded the Impact of Team Marysville Began Discussion on Fiber Partnership Launched Natural Gas Capacity Study Expanded the T-TEL Program (ODE RAPIDS Grant) Launched the Young Entrepreneurs Academy Partnered to Launch the UP/GO Uptown Trolley Service 4
347 BELLEFONTAINE N EAST LIBERTY 33 MARYSVILLE 33 SMARTCENTER SMARTCORRIDOR SMARTCITY Why the Ohio 33 Smart Mobility Project Matters to Union County Businesses Improves Travel Time Reliability (Attract workers who live farther away) Traffic Volumes Increase to Optimize Travel Lanes Road and Highway Safety; Reduces Crashes (90% of accidents are driver-induced) Safety of Most Vulnerable Road Users (Elderly, Disabled, Inexperienced) Ensuring Road Network Supports Economic Growth (Better Investments) Reduce Carbon Emissions & Improve Air Quality (Improves Health of Community) Accessible and Integrated Road Network Provides Equal Opportunity Freight Optimization Increases Number of People Using Active Modes of Travel (i.e. walking, cycling) Reduces Sign Clutter and Parking Lots in Our Communities
Ohio s 33 Smart Mobility Project 35-mile Smart Corridor 432 strand redundant fiber network 62 RSUs along US-33 and 32 Traffic Signal RSUs Upgrades Queue Warning, Pedestrian Safety, and Traffic Management/Safety Installations Data Centers offering co-location, cloud, and connectivity services 540-acre SMART Center at TRC Planned 24-mile Smart Corridor along I-270 connecting the 33 Smart Corridor to Rickenbacker Plan to connect Pennsylvania, Michigan, and Ohio into a contiguous test corridor 71 DUBLIN 270 COLUMBUS 70 70 Rickenbacker Intermodal
5
Current (2018) Revenue Sources The Union County CIC is the Lead Economic Development Organization for Union County and Marysville. We are a 501(c)6 non-profit organization funded solely through investments by private sector businesses and public sector governmental organizations. Our investors pool resources together to sustain the work of our organization. Our current sources of revenue are comprised of approximately 36% private sector funding and 57% public sector funding. Additional revenues are gathered from fees, etc. Events/Fundraising 5% $15,000 $6,500 Miscellaneous 2% $164,600 $103,000 Private Sector 36% Public Sector 57% Budgeted Revenue and Expenses Trend (2015 to 2018) $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 2015 2016 2017 2018 Revenue Expenses 6
Economic Development Program Components - Financial Focus We strive to ensure that the economic development components of Attraction, Retention, Creation, Enhancement, and Special Projects receive financial priority. Our budget is appropriated to fit within these five program components: Attract: 27%, Retain: 26%, Enhance: 20%, Create: 14%, and Special Projects: 13%. In this increasingly competitive world, we are all vying for the same limited financial resources. It is essential that we continue to develop opportunities for job growth and investment. We hope to raise a minimum of $100,000 annually to substantially increase our capacity to serve the needs of Union County. Financial Focus Comparison $120,000 $100,000 $105,057 $101,166 $80,000 $77,820 $78,057 $75,166 $60,000 $57,820 $54,474 $50,583 $40,000 $40,474 $37,583 $20,000 Enhance Attract Create Retain Special Projects Current (2018) Budget Without Fundraising Projected Budget With $100,000 Fundraising Total Expenses (2018) Without Fundraising: $286,902 2018 Salary & Fringe Benefits as Percentage of Total Expenses: 23.9% 7
Investor Benefits Do you want the opportunity to make impactful changes in our community? We believe that Union County and its business community represent the best of American ingenuity. Advancing our economy requires private and public investment and a strong core of leaders to drive implementation. Your financial support is needed to leverage the commitment already made by many local businesses and governmental organizations. In return for your investment, we present many opportunities for recognition. Our investors are given exclusive access to leadership, elected officials, signature events, marketing opportunities, and resources. RESOURCES Access to Columbus 2020 for Analysis and Studies X X Access to Development Staff for Special Presentations X X X X Annual Chamber Membership (if quoted dues are >$1,000) X X X X Access to Private Meetings with Community Officials X X Free Use of Conference Room X X X X One Membership International Economic Development Council (IEDC) X Recipient of Exclusive Emails from CEO X X X X EVENTS Annual Business Strategy Meeting & Luncheon X X X X Complimentary Passes to Business Impact Breakfasts X X X X One (1) Complimentary Ticket to Annual ED 411 Summit X X X X Eight (8) Seats at Chamber Annual Dinner X Four (4) Passes to Chamber Annual Golf Outing X Invitation to Special CEO Round Table Events X X Invitation to Receptions & Functions X X X X MARKETING Supporter Silver Gold Platinum $1,000 $2,500 $10,000 $20,000 Featured Listing of Company in Economic Dev. Annual Report X X X X Featured Listing on Economic Development Website X X X X Invitation to Submit Testimonials for Economic Dev. Materials X X X X Recognition at Chamber Annual Dinner X X X X Recognition at Chamber Annual Golf Outing X X X X Recognition in Annual Print Advertisement X X X X Recognition in Chamber Membership Directory X X X X Recognition in Chamber Newsletter X X X X If you are interested in finding out more, please contact us by calling 937-642-6279. 8
Union County-Marysville Economic Development Union County Community Improvement Corporation 227 East Fifth Street Marysville, OH 43040 (937) 642-6279 www.unioncounty.org www.33smartcorridor.com www.unioncountyworks.org www.facebook.com/growuc