ICAD Group FY14 Annual Report

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ICAD Group serves the workforce development and economic development needs of interstate commerce companies in Iowa City, Coralville, North Liberty, Solon, Tiffin, Tipton, the Amana Colonies, West Branch, Kalona, West Liberty, and Johnson County. This report details our work in FY2014.

Transcript of ICAD Group FY14 Annual Report

  • ICAD GROUP FY2014TImelIne OF eCOnOmIC DevelOPmenT news, evenTs AnD ACTIvITY

    ICAD Group works to enhance the quality of our communities by serving the business

    development needs of interstate commerce companies. Through these efforts,

    we create, collaborate and lead regional economic development initiatives that

    contribute to the creation and growth of companies, wealth and quality jobs.

    FY2014 TImelIne

  • Changing misperceptions about our region is vital as companies and workforce continue to grow and locate here. To improve this, ICAD Group launched Iowa Brag, a new workforce and regional branding initiative, on New Years Eve 2013. This social media campaign uses facts and brags to publicize business growth, opportunities, and quality of life that followers can share on Twitter, Tumblr and Facebook. Every post links back to PickYourPace.com, highlighting videos, employer profiles and job links for our region. Iowa Brag is a collaboration with IC CoLab members Creative Mellen and Sculpt.


  • jUlYn july 2 POLICOM ranks Iowa

    City MSA in the top quartile of all US metros for economic strength.

    n july 18 Nerd Wallets nationwide

    study lists Iowa City as a Best US City for Work/Life Balance.

    n july 23 Working toward creating

    a more welcoming environment for workforce, ICAD Group hosts Creating Self-Aware and Welcoming Communities luncheon with Culture Friendly Consulting and Diversity Focus.

    AUGUsT sePTembeR OCTObeR

    n August 15 Forbes ranks Iowa City #13

    on its list of The Best Small Places for Business and Careers.

    n August 29 ICAD Group hosts one of its

    largest Annual Meetings ever, featuring educators, entrepre-neurs, and interstate com-merce companies discussing the future of workforce in Iowas Creative Corridor.

    n August 30 Alpla, a bottle supplier to

    Procter & Gamble completes expansion, and adds 80 jobs.

    n september 11 Shasta QA, a software

    testing company from California, expands operations into Coralville, adding 40 jobs.

    n september 23 Coralville-based Cellular

    Engineering Technologies receives $300,000 from the Iowa Innovation Acceleration Fund.

    n september 25 ICAD Group renews its

    partnership with the University of Iowa Alumni Association and offers new career development webinar series, promoting local job opportunities to 20,000 Iowa alumni nationwide.

    n October 21 MediRevv, a healthcare

    revenue cycle management company, breaks ground for its new $3.2 million, 26,200 square foot building, and announces plans to add 80 jobs.

    n October 28 Standing room only crowd

    attends fall Creative Corridor Welcome Reception and Creative Week Wrap Party at Cedar Ridge.

    n October 31 Iowa City receives a top 10

    ranking as a 2013 Best Places for Veterans: Jobs from USAA and Hiring Our Heroes.

    n business Development

    n Community news

    n Investor Relations

    n workforce Development

    OCTOBER 21, 2013AUGUST 29, 2013

  • nOvembeR DeCembeR


    n november 5 A local consortium

    comprised of regional college and university career centers, along with area economic development groups, hosts Connecting in the Corridor Student & Employer Networking Reception, helping connect college juniors and seniors with local career opportunities.

    n november 21 ICAD Group announces

    Kate Moreland as organizations new Director of Collaboration and Community Relations.

    n november 22 Iowa City area

    startup Cardiostrong receives $75,000 award from the Iowa Economic Development Authoritys Demonstration Fund.

    n December 9 ICAD Group receives

    recognition for its FY2013 investor report and investor relations kit during the an-nual MidAmerica Economic Development Council con-ference in Chicago.

    n December 20 ConnectFive, a technology

    company based in Iowas Creative Corridor, receives a $75,000 state award and announces plans to add 10 jobs.

    n December 31 ICAD Group unveils

    IowaBrag at the Outback Bowl Hawkeye Huddle. This

    social media campaign posts weekly brags

    about business growth, career opportunities and quality of life to address misperceptions

    about Iowas Creative Corridor.

    n january 1 The Eastern Iowa Airport

    announces its highest passenger numbers ever for December and will go on to have eight straight record breaking months.

    n january 10 Working with the Greater

    Des Moines Partnership and local partners, ICAD Group establishes a local chapter of Plains Angels in Iowas Creative Corridor, helping better connect startups to area investors.

    n january 31 ICAD Group forms a new

    task force to address new efforts to make our area more inclusive for international residents.

    n February 14 ICAD Group and partners

    help kick off the regions first Creative Corridor Day for leadership programs of the Iowa City Area Chamber of Commerce and the Ce-dar Rapids Metro Economic Alliance.

    n February 17 A new study from the

    United States Conference of Mayors ranks Iowa City first among all Iowa metros for projected gross metropolitan product.

    n February 18 In partnership with

    Innovative Software Engineering, ICAD Group opens the doors to its second full-time coworking facility, the Coralville CoLab.

    FEBRUARY 18, 2014


    BRAG A


    AT IO







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    ET Y



    ES B

    E HEA



  • mARCh APRIl mAY jUnen march 15 Iowa City MSA posts

    states largest percentage population growth from 2010 to 2013 among Iowas nine largest metro areas. Johnson County posts second highest percentage population growth during that same time period.

    n march 26 ICAD Group launches new

    ShovelReadyIowa.com website, newly optimized for all mobile platforms.

    n march 31 Thanks to the success of

    IowaBrag, PickYourPace.com site traffic posts 70% gain, along with higher numbers of customized employer pages.

    n April 1 ICAD Group sponsors

    the inaugural Tech and Innovation Conference as part of Iowa Citys Mission Creek Festival.

    n April 8 Fusionfarm, Geonetric, and

    ICAD Group are among 41 global organizations certified by WorldBlu as Most Democratic Workplaces. Based entirely on employee feedback, this global award shines a spotlight on visionary organizations that practice successful organizational democracy.

    n April 30 The City of Iowa City

    retains its Moodys Aaa bond rating for the 38th consecutive year.

    n may 9 ICAD Group hosts Modern

    Marvels 2.0, a three hour STEM showcase for local business, junior and senior high students, and UI Engineering graduates.

    n may 12 Cedar Ridge Vineyards,

    Winery and Distillery announces $1.1 million dollar expansion plan to add several thousand square feet of production space.

    n may 16 Davids Famous Gourmet

    Frozen Custard announces $1.2 million dollar expansion project in Tipton, adding 34 jobs.

    n june 12 ICAD Group partners with

    Diversity Focus, Kirkwood Community College and the City of Cedar Rapids to present Workplace (R)evolution 2014, a full day conference on the future of work and culture in the workplace.

    n june 17 Area Development magazine

    ranks the Iowa City MSA tops in the state and #12 nationally in its Small Cities category for Leading Locations. Contributing factors include an inward migration of educated workforce, established base of an educated workforce, low unemployment, and wage and salary growth.

    june 31 ICAD Group ICAD Group ends its fiscal

    year cash positive and without debt. Total funding, including cash and in-kind, is $856,528. Programming and organizational expenses are $806,809. At the end of Year 2 of vision 2030, ICAD Group has helped in the creation of 872 new interstate commerce jobs.

    MAY 9, 2014 MAY 12, 2014

  • 2013 2017


    2014 2015 20162012JULY JULY JULY JULY JULY JULY

    exPAnsIOn/ReTenTIOn PROjeCTs

    TARGeTeD COmPAnIes

    new COmPAnIes CReATeD/AssIsTeD








    nUmbeR OF exPAnsIOn/ReTenTIOn PROjeCTs

    nUmbeR OF hIGh-qUAlITY jObs COnTRIbUTeD

    nUmbeR OF TARGeTeD COmPAnIes

    nUmbeR OF hIGh-qUAlITY jObs CReATeD

    nUmbeR OF new COmPAnIes

    nUmbeR OF hIGh-qUAlITY jObs ADDeD

    This update measures the progress and performance of Vision 2030, our five year campaign launched July 1, 2012. Our commitment to investors, clients and partners is full engagement and accountability.

    These progress bars show our cumulative results in three core areas: expansions of existing companies, new company attraction, and assistance for entrepreneurs and early-stage companies. These are completed projects in the communities served by ICAD Group.

    Through August 2014, we have provided significant assistance to the achievement of the following results:


    FY2014 InvesTOR UPDATeAUGUST 2014



    Driving the economy: 20122017

    ICAD Group provides economic, workforce and entrepreneurial development services to more than ninety interstate commerce companies in our service territory. Through these efforts we create, collaborate and lead regional economic development initiatives that contribute to the creation and growth of companies, wealth and quality jobs. These initiatives include:

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