Post on 23-Dec-2015
description
MEDCOMarion Economic Development Company
March 11, 2015
Presenting Sponsor
Growth
Innovation
Opportunity
30th AnnualBusiness Luncheon
30th ANNUAL BUSINESS LUNCHEON
Since 2013 we have directly impacted
projects bringing $32.81 million in
capital investment and creating 94 new
jobs to Marion
For every dollar invested in MEDCO
since 2009, we returned $96.24 of
capital investment to our community
Developed and opened the 184 acre,
shovel-ready Marion Enterprise Center
Successfully lobbied to secure a
reduction and cap on stormwater
utility fees
Partnered to increase available shovel
ready sites by 275 acres since 2008
MEDCOMarion Economic Development Company
REPORT TO INVESTORS
The vision of MEDCO is to be a
premiere economic development
partner in an environment that
advocates growth
and generates success.
Opportunity•Advocate and lobby for implementation of pro-business public policy at
local, state and federal levels of government
•Strengthen partnerships with local, regional and state economic development organizations
•Meet annually with all investors to align strategic growth opportunities and workforce initiatives
•Support local entrepreneurs through collaborative partnerships with regional start-up programs
Innovation•Expand and enhance MEDCO visibility
•Leverage revolving loan fund to support business investment and workforce training
•Be a leader in connecting students to current & future workforce needs
•Leverage Marion’s brand to market the community to a targeted audience in modern and creative ways
Growth•Assist10existingbusinesseswithexpansionprojectsoverfiveyears
•Securecommercialandindustrialcapitalinvestmentsof$4millionannually
•Foster an environment that creates 250 new jobs by 2019
•LeveragestateinitiativesincludingSkilledIowaandHomeBaseIowatorecruit and grow regional workforce
•Retain, expand and recruit innovative companies to Marion
2015-2019 GOALS: SUPPORTING OPPORTUNITY, INNOVATION AND GROWTH
ELPLAST America Groundbreaking - October 22, 2014
t 2014 YEAR IN REVIEW
February 10Chad Heiman hired as MEDCO Communications Manager
March 12Record crowd attends MEDCO Annual Luncheon to listen to Fiberight CEO Craig Stuart-Paul
June 1Hupp Electric Motors begins $8 million expansion and renovation project at new Marion facility.
June 17MEDCO launches Home Base Iowa Campaign
June 19Marion Iron breaks ground on new facility
July 22Freund-Vector breaks ground on $2.16 million expansion project, creating 12 high quality jobs
August 7MEDCO assists Acterra Group to facilitate $2.25 million expansion
August 20MEDCO hosts Iowa Economic Development Authority Director Debi Durham
September 15Nick Glew announced as organization’s new President
t 2014 YEAR IN REVIEW
September 25MEDCO and the Marion Chamber of Commerce partner to host Iowa House District 68 Candidate Forum
October 1 Perfect Game, Inc. purchases former GWE Building and moves corporate headquarters to Marion
October 21Legacy Manufacturing breaks ground on $10.4 million manufacturing facility in the Marion Enterprise Center
October 22Zory, Poland based ELPLAST America breaks ground on $6 million manufacturing facility in the Marion Enterprise Center
November 1MEDCO launches new, redesigned and user-friendly website
November 24Governor Terry Branstad designates Marion a Home Base Iowa community (firstmunicipalitytoreceivethedesignation)
December 15MEDCOsubmitsfinalapplicationforshovelreadyandsitecertificationforthe Marion Enterprise Center through the Iowa Economic Development Authority
MEDCO BOARD OF DIRECTORS
Ray Brown, Board ChairmanThe ESCO Group
Bill BogertAnderson Bogert Engineers
Maxwell GrantOHE Industries
Lee EilersMarion Process Solutions
Jim AngstmanGLD Commercial Real Estate Advisors
Sarah PinionMarion Independent School District
Mary RathjeRathje Construction
Tom Barnes, Past ChairmanBarnes Manufacturing
Jim BouslogBouslog Insurance
John HartmannFarmers State Bank
Dave MartinMartin Gardner Architecture
Tom PadleyMidAmerican Energy
Cheri PoppCIPCO
Tim MooneyMooney-Engle Land Company
Eric Hanna, TreasurerHogan Hansen P.C.
Steve CarrollLinn County REC
J.T. AndersonLinn-Mar Community Schools
Mary MeisterlingAlliant Energy
Scott PantelRinderknecht Associates Inc.
Alan ProwseRockwell Collins
Ex-Off icio Board Members
Brent OlesonLinn County Board of Supervisors
Snooks BouskaMayor, City of Marion
Brian CroweCedar Rapids Metro Economic Alliance
Scott SwensonKirkwood SBDC
Chad ZrudskyMarion Chamber Board Chair
Jill AckermanMarion Chamber of Commerce
Lon PluckhahnMarion City Manager
BY THE NUMBERS
Ex-Officio Board Members
Jill AckermanMarion Chamber of Commerce
Lon PluckhahnMarion City Manager
Single Family Residential ’09- 143 permits ’10- 145 permits ’11- 121 permits ’12- 157 permits ’13- 184 permits $22.6 million valuation ’14- 144 permits $17.4 million valuation Commercial Building Permits ’13- $13.4 million ’14- $15.2 million 13.4% increase from ’13 to ‘14 Unemployment Rate ’13- IA: 4.6 % Marion: 3.6% ’14- IA: 4.4% Marion: 3.5%
4.7 4.5
4.1
3.6 3.5
6.3
5.9
5.2
4.6 4.4
3
3.5
4
4.5
5
5.5
6
6.5
2010 2011 2012 2013 2014
Unemployment Rate
Marion Cedar Rapids Metro Iowa
Single Family Residential ’09- 143 permits ’10- 145 permits ’11- 121 permits ’12- 157 permits ’13- 184 permits $22.6 million valuation ’14- 144 permits $17.4 million valuation Commercial Building Permits
’13- $13.4 million ’14- $15.2 million 13.4% increase from ’13 to ‘14 Unemployment Rate ’13- IA: 4.6 % Marion: 3.6% ’14- IA: 4.4% Marion: 3.5%
0
5
10
15
20
25
30
35
2009 2010 2011 2012 2013 2014
New Commercial/Industrial Construction ($ million/year)
Over the past six years Marion continues to see strong
single family growthof an average 149 new homes/year
13.4% increase in newcommercial & industrial
construction compared to
2013
Single Family Residential ’09- 143 permits ’10- 145 permits ’11- 121 permits ’12- 157 permits ’13- 184 permits $22.6 million valuation ’14- 144 permits $17.4 million valuation Commercial Building Permits
’13- $13.4 million ’14- $15.2 million 13.4% increase from ’13 to ‘14 Unemployment Rate ’13- IA: 4.6 % Marion: 3.6% ’14- IA: 4.4% Marion: 3.5%
0
50
100
150
200
2009 2010 2011 2012 2013 2014
Unemployment Rate
New Commercial/Industrial Construction($ million/year)
Your investment in MEDCO creates new OPPORTUNITIES for INNOVATION and GROWTH in Marion.
Thank you for supporting MEDCO!
Contact us today to join our team:
Marion Economic Development Company
1225 6th Ave, Suite 100
Marion, Iowa 52302
(319) 743-4724
Nick Glew
President
nick@medcoiowa.org
(319) 743-4724
Chad Heiman
Communications Manager
chad@medcoiowa.org
(319) 743-4728
www. medcoiowa.org
Marion Economic Development Company (MEDCO)
@MEDCOia
MEDCO Marion EconomicDevelopment Company
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