Live, work, grow in Pearland, Texas…Live, work, grow in Pearland, Texas…

CoreNet Global 2005 Economic Development

Leadership and Innovation Finalist

CoreNet Global 2005 Economic Development

Leadership and Innovation Finalist

Live, work, grow in Pearland, Texas…Live, work, grow in Pearland, Texas…

Introducing Bill Eisen, City Manager

Fred Welch, PEDCKaren Dickson, PEDC

Introducing Bill Eisen, City Manager

Fred Welch, PEDCKaren Dickson, PEDC

Pearland, TexasUnique Master-Planned Community Pearland, TexasUnique Master-Planned Community

• Fastest-growing community south of Houston with 11% growth rate

• 2004 Population Estimate – 54,000• Premier location – relaxed family

environment of Pearland, yet minutes away from the big city amenities of Houston and the world-renowned Texas Medical Center

Pearland EconomicDevelopment Corporation Pearland EconomicDevelopment Corporation

• Created in 1995 to promote, assist and enhance business growth by working with new and existing businesses.

• Three major goals:– Attract capital investment to increase

and diversify Pearland’s tax base– Increase the number of better-paying

jobs for residents– Address needs and interests of

existing businesses

PEDC’s Formula for Success PEDC’s Formula for Success

• Effective Business Retention/Expansion Programs

• Diverse Partnerships

• Innovative Marketing Initiatives

Business Retention &Expansion Program (BRE) Business Retention &Expansion Program (BRE)

• Developed to focus on needs of existing businesses

• Only formalized program in the Greater Houston area

BRE’s Formula for Success BRE’s Formula for Success

• Establish strong community partners

• Visit local business• Conduct informal surveys• Share information of available

resources• Address businesses’ issues

and needs

BRE’s Formula for Success BRE’s Formula for Success

• BRE business assistance projects have included: – Expansion/relocation within the city

– Foreign trade zone activation

– Job training

– New development issues

– Infrastructure issues and needs

BRE’s Formula for Success BRE’s Formula for Success

Diverse Partnerships – The Spectrum at Clear Creek Diverse Partnerships – The Spectrum at Clear Creek

• The Vision for The Spectrum at Clear Creek– Need for lab facility space

– Houston Biotech Survey

– PEDC Survey

Diverse Partnerships –The Spectrum at Clear Creek Diverse Partnerships –The Spectrum at Clear Creek

• Vision becomes reality through a unique public-private partnership– PEDC and City providing initial

infrastructure and major utilities; offering a range of economic incentives

– LNR serving as Phase I developer

– Assistance from Congressman Tom DeLay and the State in securing funding

Diverse Partnerships –The Spectrum at Clear Creek Diverse Partnerships –The Spectrum at Clear Creek

Diverse Partnerships –The Spectrum at Clear Creek Diverse Partnerships –The Spectrum at Clear Creek

• PEDC leading the effort to promote the region as an emerging hotbed of development in advanced sciences – Texas 288sm

Diverse Partnerships –Higher Education Diverse Partnerships –Higher Education

• Enhance collegiate education offerings– Customized training for

existing businesses– Attracting new business

• Well-educated workforce to recruit high paying jobs

• Convenience of lifelong education opportunities

Innovative Tools www.PearlandProspector.comInnovative Tools www.PearlandProspector.com

• www.PearlandProspector.com– Only Web-based tool of its kind in

the Houston area

– 20 layers of information

– Detailed reports on demographics

– Reports on surrounding businesses for a specific property

Great web site. Accolades well deserved. The availability of tract ownership and related info has been priceless in reducing time spent on ownership searches. Combined with the overlays regarding easements, it is easily the most user-friendly site I have ever used.

- Mr. Naveen Jaggi – CB Richard Ellis

PearlandProspector.com saves us time with having data at our fingertips. At this day and age when our clients would like to have this data instantly, we know we can count on you.

- Johnny Sims – Hardcastle Real Estate

Innovative Tools www.PearlandProspector.comInnovative Tools www.PearlandProspector.com

Formula for Success Formula for Success

• A community benefits from strategic economic development– Win-win Partnerships

– Creative Programs

– Innovative Marketing Initiativeswww.PearlandProspector.com