ICAD Group FY14 Annual Report
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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.
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
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
THERE IS MORE TO
OUTBACK BOWL 2014 EDITION
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
InTeRsTATe COmmeRCe AnD sTRATeGIC InITIATIves
2014 2015 20162012JULY JULY JULY JULY JULY JULY
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:
InvesTOR RelATIOns: sTRATeGY InTO ACTIOn
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: