Download - ICAD Group FY14 Annual Report

Transcript
Page 1: 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

Page 2: ICAD Group FY14 Annual Report

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 Year’s 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.

#Iowabrag

Page 3: ICAD Group FY14 Annual Report

jUlYn july 2 POLICOM ranks Iowa

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

n july 18 Nerd Wallet’s 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 Iowa’s 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

Page 4: ICAD Group FY14 Annual Report

nOvembeR DeCembeR

jAnUARY FebRUARY

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 organization’s new Director of Collaboration and Community Relations.

n november 22 Iowa City area

startup Cardiostrong receives $75,000 award from the Iowa Economic Development Authority’s 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 Iowa’s 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 Iowa’s 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 Iowa’s 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 region’s 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 BRAG ABOUT AT

IOW

ABRA

G.C

OM

HUMBLE H

AWK

FA

NS,

LET

YO

UR

VO

ICES

BE H

EARD.

OUTBACK BOWL 2014 EDITION

Page 5: ICAD Group FY14 Annual Report

mARCh APRIl mAY jUnen march 15 Iowa City MSA posts

state’s largest percentage population growth from 2010 to 2013 among Iowa’s 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 City’s 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 Moody’s 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 David’s 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

Page 6: ICAD Group FY14 Annual Report

2013 2017

InTeRsTATe COmmeRCe AnD sTRATeGIC InITIATIves

2014 2015 20162012JULY JULY JULY JULY JULY JULY

exPAnsIOn/ReTenTIOn PROjeCTs

TARGeTeD COmPAnIes

new COmPAnIes CReATeD/AssIsTeD

24

1,605

15

860

16

170

4

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

9

445

Driving the economy: 2012–2017

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:

C rridorJobClub

C rridorJobClub

C rridorJobClub

C rridorJobClub

C rridorJobClub

C rridorJobClub

C rridorJobClub

C rridorJobClub

C rridorJobClub

C rridorJobClub

8

82

345

2012

2012

2012

2012

2012

2012

2013

2013

2013

2013

2013

2013

Page 7: ICAD Group FY14 Annual Report

FY2014 ICAD GROUP

PARTneRs & InvesTORs

vision 2030 Cornerstone Investors: $25,000 and aboveACT, Inc.

City of Coralville

City of Iowa City

City of North Liberty

Johnson County

MidAmerican Energy

University of Iowa Hospitals & Clinics

vision 2030 lead Investors: $10,000 and aboveThe Gazette Company

Hills Bank & Trust Company

McComas-Lacina Construction

Mercy Iowa City

MidWestOne Bank

Pearson

Procter & Gamble

P&G Oral-B Laboratories

University of Iowa Community Credit Union

US Bank

Wells Fargo Bank, NA

Whirlpool Corporation

vision 2030 Investors: $5,000 and aboveAcciona Windpower NA

Bradley & Riley PC

Build to Suit, Inc.

City of West Liberty

Conlon Construction

CRANDIC Railway

HR Green Inc.

Iowa Network Services

Kirkwood Community College

Linn County REC

Meardon, Sueppel & Downer PLC

Mediacom

Neumann Monson

Riverside Casino & Golf Resort

Rockwell Collins

Shive-Hattery

Shuttleworth & Ingersoll PLC

Tipton Economic Development Corporation

Transamerica Life Insurance Company

Unity Point Health (formerly St. Luke’s Healthcare)

West Bank

vision 2030 Investors: $1,000 and aboveAcme Electric Company

Amana Society, Inc.

American Trust & Savings Bank

Amperage (formerly Henry Russell Bruce)

A W Welt Ambrisco Insurance

Bachmeier Interiors

Benson & Hepker Design

Blank & McCune

Brandt Heating & Air Conditioning

Business & Financial Strategies

Central Iowa Power Cooperative (CIPCO)

Centro Inc.

City Carton Recycling

City of Kalona

City of Solon

City of Tiffin

City of West Branch

Clear Channel Media & Entertainment

Collins Community Credit Union

Cook Appraisal, Inc.

Corridor Business Journal

Economy Advertising aka Bankers Advertising/TruArt Color Graphics

Farmers & Merchants Savings Bank

First Trust & Savings Bank

Foth Infrastructure & Environment

Freedom Security Bank

FullStack

Great Western Bank

Hall & Hall Engineers

Hawkeye Ready Mix

Hayek, Brown Moreland & Smith LLP

Hodge Construction

Holiday Inn Express Hotel & Suites

Holiday Inn Hotel & Conference Center

Hospers & Brother Printers

Innovative Software Engineering

Integrated DNA Technologies

Iowa Book LLC

Iowa City Press-Citizen

KCJJ Radio

Keystone IT

King’s Material

Knutson Construction Services

KZIA/KGYM

Liberty Communications

Liberty Growth

L L Pelling

McCrossen Consulting

McGladrey LLP

MediRevv

Mercer Administration

Myriad Developers

New Ventures Cooperative

Office Elements

Phelan, Tucker, Mullen, Walker, Tucker & Gelman LLP

PIP Printing & Marketing Services

Plumbers Supply Company

Prime Ventures/The Watts Group

Pugh Hagan PLC

Rohrbach Associates

Ryan Companies US, Inc.

Selzer Werderitsch Associates

Sheraton Iowa City/hotelVetro

Shoemaker & Haaland Engineers

Skogman Realty

SouthGate Companies

South Slope Cooperative Communications Company

TrueNorth Companies

Two Rivers Bank & Trust

United Natural Foods, Inc.

Unzeitig Construction

Van Meter, Inc.

Veridian Credit Union

Vetter’s Inc (Culligan Water Technologies)

West Music Company

Winkel, Parker & Foster, CPA PC

Wolf Construction

(319) 354-3939

www.iowacityareadevelopment.com

twitter.com/icadgroup

facebook.com/icadgroup

youtube.com/icadg

vision 2030: Partners and sponsorsCarlson, Hartsock &

Guither PLC

Creative Mellen

The Eastern Iowa Airport

Jeff Edberg (Lepic-Kroeger REALTORS)

GLD Commercial Real Estate

HJR Financial Group

Iowa City Area Chamber of Commerce

Iowa City Downtown District

Iowa City/Coralville Convention & Visitors Bureau

Leepfrog Technologies

Merit Construction

Rock Technology

Rummells Farms, Inc.

University of Iowa

Page 8: ICAD Group FY14 Annual Report

FY2014 ICAD GROUP

bOARD OF DIReCTORs

(319) 354-3939

www.iowacityareadevelopment.com

twitter.com/icadgroup

facebook.com/icadgroup

youtube.com/icadg

Tom GoedkenACT, Inc. ICAD Group Chair Elect

Paul burns*michael j. Pugh Bradley & Riley PC

Kelly hayworthCity of Coralville

Terry DickensCity of Iowa City

Tom markusCity of Iowa City

Ryan heiarCity of North Liberty

Tim bradshawThe Eastern Iowa Airport

josh CramerFullStack

Chuck PetersThe Gazette CompanyICAD Group Chair

brad langguthHills Bank & Trust Company

joe barryInnovative Software Engineering

Trey martin*Aaron warnerIntegrated DNA Technologies

nancy quellhorstIowa City Area Chamber of Commerce

Rod sullivanJohnson County Board of Supervisors

jerry melickLiberty Communications

Kim becickaKirkwood Community College

mike hahnMcComas-Lacina Construction

scott FisherMcCrossen Consulting LLCICAD Group Past Chair

mike heinrichMercy Iowa City

Kathryn KunertMidAmerican Energy

Kent jehleMidWestOne Bank

michal eynon-lynchPear Deck

mike mcCleary*Anita Falkofske eatonProcter & Gamble/Oral-B Laboratories

madeline windauerRSM McGladrey

Phil larsonShive-Hattery

steve quigleyUniversity of Iowa Community Credit Union

Kenneth KatesUniversity of Iowa Hospitals & Clinics

Curt heidemanUS Bank

P. barry butler University of Iowa

David hensleyUniversity of Iowa

Daniel ReedUniversity of Iowa

* Filled vacated term April 25, 2014