2014-2015 JCEDO Annual Report
Transcription
2014-2015 JCEDO Annual Report
Jasper County Economic Development Organization, Inc. Bos Dairy’s State-of-the-Art “Robotic Dairy” Building Under Construction 2014-2015 JCEDO Annual Report About Us The Jasper County Economic Development Organization, Inc. (JCEDO) is the countywide economic development entity for Jasper County, Indiana. A public-private partnership incorporated in 1986 as a 501(c)(3) corporation, JCEDO’s Mission Statement is: “Strengthen and diversify the local economy, attract quality jobs, and encourage entrepreneurial growth to create opportunities for Jasper County and its residents.” Contents About Us – 2 Marketing Our Advantages – 3 Economic Development Partners – 4 Strategic Vision – 5 Business Assistance Initiatives – 6 Dear JCEDO Stakeholders: Thank you for your support of JCEDO during our most recent fiscal year that ended June 30, 2015! For nearly 30 years, we have worked to assist local businesses, attract new businesses, encourage entrepreneurship, and promote Jasper County and the municipalities of DeMotte, Remington, Rensselaer and Wheatfield as attractive places for investment and job creation. Recently, we have also embraced and helped lead the new Jasper County Tourism Initiative. This Annual Report describes and quantifies JCEDO’s numerous activities and programs as well as celebrates the success of entities investing in Jasper County. As we look forward to 2015-2016, we’re optimistic our local economy will continue to thrive and overcome weather-related challenges impacting the agricultural sector. Together we’ll make a positive difference throughout Jasper County in the coming year. Thank you again for your commitment to our collective effort! Dirk Eggleston, Chairman FY 2015 Financial Results (less extraordinary gain) Total Revenue $193,185 Total Expenses $164,096 Net Income $29,089 Investment Projects – 7-9 2014 – 2015 Board of Directors Dirk Eggleston – T&M Limited Partnership Chairman Bryan Washburn – Jasper County REMC Vice Chairman Bill Del Principe – Del Principe & Allie, CPA’s Treasurer John Dyke – Town of DeMotte Secretary Tony Albrecht – Lafayette Bank & Trust Rein Bontreger – Jasper County Council Kendell Culp – Jasper County Commission Gunner Greene – Iroquois Bio-Energy Kenny Haun – City of Rensselaer Alan Hurley – Evers & Gratner Farms Larry Kosanovich – AmeriMac McDonalds Steve Marsh – Titan Construction Services JoAnn McElfresh – Jenkins Realtors Brian Melchi – Town of Remington Todd Sammons – Randle & Sammons Tim Schreeg – Jasper County Hospital David Schrum – Kentland Bank Jon Schwab – Presidio Group Barry Seaton – NIPSCO Robert Smith – CenturyLink Rodney Urbano – Town & Country Paving Mitch Van Kley – The Hamstra Group James Wakefield – Christian Clinic Steve Wilson – Wilson Industrial Sales Kevin Kelly – President Jasmine Hall – Community & Business Relations Coordinator Sheila Schroeder – Director of Tourism & Community Relations Jasper County Economic Development Organization, Inc. 2 2014-2015 JCEDO Annual Report Marketing Our Advantages One of JCEDO’s principal priorities is to tell Jasper County’s positive story and strengthen its brand recognition and favorable reputation in the marketplace. In the 2014-2015 fiscal year, our emphasis continued to be on improving the promotional activities launched in previous years and to expand their reach. Our primary means of communications were: JCEDO’s News For You E-Newsletter is distributed electronically on the first day of each month to over 1,000 people and organizations. The purpose of the publication is to regularly communicate with our stakeholders and contact network, provide meaningful information about development and related activity taking place in Jasper County, and to positively promote Jasper County and its attributes. The 2015 Guide to Jasper County Indiana supplies information on topics important to people evaluating business investment decisions. The guide is updated annually at the beginning of each calendar year and contains data related to demographics, transportation infrastructure, work force, education, utility services, and quality of life. Visit JCEDO’s website at www.jaspercountyin.com and access Available Property Information, Interactive Maps, Jasper County and Northwest Indiana Profiles and descriptions of DeMotte, Remington, Rensselaer and Wheatfield. Understand the Reasons To Invest in Jasper County, discover how we’re Building From Within to improve our attractiveness as a business and residential location, and review the Jobs Available page. The Jasper County Tourism Initiative was initiated in 2012 and is being led by the Jasper County Tourism Commission. JCEDO supplies administrative and staffing support for the initiative and coordinates with tourism interests and advocates across Jasper County. In addition, we actively partner with regional and statewide advocates including the South Shore Convention and Visitors Authority, the Indiana Tourism Association, and the Indiana Office of Tourism Development. Learn more at www.discoverjaspercounty.com and from the 2014 Jasper County Tourism Report. JCEDO’s 4th Annual Golf Outing and Annual Meeting in August 2014 at Sandy Pines Golf Club was a celebratory success attracting over ninety attendees. The Town of Remington golf team took home The JCEDO Cup and the JCEDO Board of Directors annual election was held. In December 2014, JCEDO hosted its 5th Annual Christmas Open House to share the blessings of the season with approximately 60 colleagues and friends. JCEDO also co-hosted Ivy Tech Northwest’s Society of Innovators’ Expedition event promoting entrepreneurship in June 2015 that attracted 50 people. Stay current on economic development and tourism news by tuning in to WRIN 1560 The Bear radio the first Monday each month to hear JCEDO representatives provide updates and also visit the Facebook pages of the Jasper County Economic Development Organization and the Jasper County Tourism Commission. Jasper County Economic Development Organization, Inc. 3 2014-2015 JCEDO Annual Report Economic Development Partners Cultivating relationships and collaborating with JCEDO’s economic development partners is a crucial component of our outreach strategy. We also participate in numerous economic development related meetings and events at the regional, state and national levels. JCEDO works with our economic development colleagues primarily on business attraction and expansion projects, marketing initiatives, and public policy advocacy. Our principal partners include: The Indiana Economic Development Corporation promotes Indiana as a business location and provides leads from entities considering relocation and/or expansion. They also offer tax and related incentives to stimulate capital investment and job creation. In addition, they operate the ZoomProspector online search engine and demographic database - which includes 72 industrial, commercial and office properties located in Jasper County representing 381,689 square feet of building space and 4,194 acres. The Indiana Chamber of Commerce is one of Indiana’s leading pro-business advocacy organizations. JCEDO is represented on the Economic Development Policy Committee and regularly participates in the Chamber’s legislative activities. The Indiana Economic Development Association is the statewide membership group for economic development professionals and affiliates. JCEDO is represented on the Board of Directors. The Northwest Indiana Forum is the economic development entity for our sevencounty region including Jasper, Lake, LaPorte, Newton, Porter, Pulaski and Starke Counties. JCEDO is involved in the Economic Development and Public Policy Committees. JCEDO’s Electric Utility Partners include the Indiana Municipal Power Agency, NIPSCO and the Wabash Valley Power Association. They engage in marketing initiatives and also provide sponsorships that support networking, promotion and training activities. Regional, State and National Events Attended DTZ State of Real Estate Event Duke Energy Economic Development Holiday Reception IEDA Annual Conference and Legislative Day Events IMPA Economic Development Partners Meeting IMPA Main Street Sustainable Community Workshop Indiana Association of County Commissioners Conference Indiana Chamber 2015 Legislative Preview Luncheon Indiana Economic Forum Annual Meeting Indiana Farm Bureau Waters of the U.S. Meeting Indiana OCRA Regional Conference Indiana Tourism Association Faces of Tourism Luncheon Indiana Utility Partners Dinner International EDC 2014 Annual Conference International EDC Credit Analysis Course Jasper County REMC Annual Meeting Event KIRPC Comprehensive ED Strategy Meeting Lake County Economic Alliance Reception Mid-America Commerce Park Ribbon Cutting NFIB Small Business Day at the Capitol Northwest Indiana Forum Christmas Reception Northwest Indiana Forum Economic Update/Market Report Northwest Indiana Forum Regional Cities Briefing Northwest Indiana Leadership Luncheon Purdue College of Agriculture Community Listening Session SSCVA Annual Tourism Luncheon SSCVA Annual Legislative Dinner The Forum for Indiana Livestock, Forage & Grain The Times Business & Industry Hall of Fame Luncheon USDA Rural Development Public Private Partners Meeting Visit Indy Partners Event 2014 Indiana Logistics Summit The International Economic Development Council and the National Federation of Independent Business are large national organizations in which JCEDO participates that represent the interests of economic development professionals and small business owners at the federal and state levels. Jasper County Economic Development Organization, Inc. 4 2014-2015 JCEDO Annual Report Strategic Vision Jasper County and the communities of DeMotte, Remington, Rensselaer, and Wheatfield each have a vision for the future and are making strategic investments designed to preserve and enhance an environment where businesses and residents prosper. JCEDO supports these strategic efforts by our local partners and regularly attends their public meetings to provide input and encouragement. The most significant investments made and Local Government Meetings underway include: Attended in 2014-2015 Jasper County Government purchased equipment that accelerated and increased road rehabilitation and also achieved having zero structurally deficient bridges. They approved the sale of Jasper County Hospital to the Franciscan Alliance and transferred 132 acres to the Jasper County Airport to provide for future improvements including fuel service expansion. Jasper County Commissioners (10) Jasper County Council (8) DeMotte Town Council (7) Remington Town Council (7) Rensselaer City Council (13) Wheatfield Town Board (5) The Town of DeMotte will complete the effort to enlarge all the drainage culverts in the community with a $150,000 investment in those under 8th Street and 15th Street. Their NORWEJ Water and DeMotte Wastewater Utilities are both evaluating expansion of their respective service districts. Planning is also underway for a $450,000 reconstruction of the Forsythia Street and U.S. 231 intersection area. The City of Rensselaer extended Saint Gasper Drive and related utilities through the Drexel Industrial Park for $900,000 and are preparing to construct a new water main to serve the State Road 114 corridor to I-65 at the cost of approximately $1,250,000. Ground was broken on a new $4,000,000 fire station and bids are being processed for a $6,900,000 wastewater treatment facility to eliminate combined sewer overflows. A new well for the water utility and substation for the electric utility are also being contemplated. The Town of Remington constructed a new Splash Park for $571,000 that will benefit residents and enhance the community’s efforts to attract new residents. They are also planning to execute Phase I of their Trails Plan by installing a 1-mile paved asphalt trail to surround New Town Park. Planning is also continuing on the proposed $3.5 million Remington Water Treatment Plant that is anticipated to meet long-term growth needs with a 1.7 million gallon per day capacity. The Town of Wheatfield is investing approximately $410,000 in Wheatfield Wastewater Treatment Plant enhancements and related sewer line connections. They made storm water drainage improvements on Center Street and are evaluating other areas for similar projects. In addition, they are repaving sections of Center, Jackson and South Streets and participated with private property owners in financing the installation of new sidewalks. JCEDO actively cultivated elected and appointed officials at all levels regarding Jasper County interests. In addition, JCEDO supported Main Street Rensselaer and Remington Main Street and similar organizations to help improve historic and commercial areas. We also participated in ribbon cuttings, retail promotions, parades, holiday events, and planning for parking and related streetscape amenities. Jasper County Economic Development Organization, Inc. 5 2014-2015 JCEDO Annual Report Business Assistance Initiatives Jasper County offers a favorable business climate and JCEDO is dedicated to helping maintain and enhance this environment that consistently stimulates the expansion, attraction, creation and retention of profitable businesses. Through our network of stakeholders and strategic partners, we supply information and expertise, make real estate recommendations, and provide access to financial incentives such as tax increment financing and tax abatement designed to help businesses grow and prosper. JCEDO defines a Prospect as a business retention, expansion, attraction or creation project. Informational assistance furnished to other entities is classified as an Inquiry. The charts on this page quantify the New Prospects (58), Inquiries (52), Visits/Presentations (21), Prospects By Source, and Property Recommendations (137) made in the past fiscal year. While the statistics for New Prospects were similar to 2013-2014, significant increases occurred with Inquiries (40.5%), Visits/Presentations (162.5%), and Property Recommendations (63.1%). Direct outreach is fundamental to JCEDO’s Business Retention and Expansion Program. Last year 142 Jasper County businesses and organizations were visited to identify growth opportunities, help address challenges and express appreciation. This was a 15.4% increase over the 123 visits made in 2013-2014. We also value networking with business leaders through the Demotte Chamber of Commerce, the Remington Wolcott Community Development Corporation, the Greater Rensselaer Chamber of Commerce, and the Wheatfield Chamber of Commerce. JCEDO’s E-Blast Marketing Initiative is the primary promotional component of our Business Attraction Program. Principal target markets remain real estate and industrial entities generally located along the I-65, I-80, I-90 & I-94 corridors in the central and northwest quadrant of Indiana as well as those located in the Chicago metropolitan area. Electronic distribution of marketing materials to our target markets reached 45,768 flyers in 2014-2015, a 58.5% increase from 28,881 in the previous year. Working with our numerous economic development allies (see Page 4) to identify companies that may be considering investment is also an important aspect of JCEDO’s business attraction efforts. Jasper County Economic Development Organization, Inc. 6 2014-2015 JCEDO Annual Report Investment Projects During the July 1, 2014 through June 30, 2015 period, investments were made across Jasper County that contributed to the growth of the local and regional economy. These investments demonstrate Jasper County’s attractiveness as a premier location for business growth and profitability. Briefly described below and on the following pages are the most visible new and expanded investment projects that created additional tax base and employment in Jasper County. While JCEDO was not directly involved in all of these projects, we are proud of the success of these companies. JCEDO is pleased to have the opportunity to celebrate 14 significant investment projects that were either completed in the past year or are currently under construction with completion expected in the near future. We are also optimistic that the trend of development in Jasper County will continue in the next year. In alphabetical order, the projects we are highlighting are: Bos Dairy – DeMotte, in Constructing a state-of-the-art 80,000 SF “robotic dairy” expansion with a capital investment of $6 million that will contain 700 cows and be operational in October 2015 Bos Dairy Davis Veterinary Service – Rensselaer, in Full service veterinary practice employing 7 constructed a new 4,000 SF building and relocated from a nearby facility in March 2015 Family Dollar – DeMotte, in Relocated from within the community and expanded the discount retail store into a new 7,000 SF building in June 2015 with 9 employees Iroquois Bio-Energy Company – Rensselaer, in Invested $5.5 million in process enhancements including fermenting, cooling, storage and maintenance facilities as well as opened a retail ethanol fueling station Jasper County Economic Development Organization, Inc. 7 2014-2015 JCEDO Annual Report Investment Projects (cont.) Kaeb Sales – Rensselaer, in Seller and servicer of dairy and related agricultural equipment constructed a new 11,500 SF facility and relocated from Pulaski County with 12 employees in March 2015 Leggett & Platt – Rensselaer, in Leased an additional 10,000 SF of storage/warehouse space in October 2014 to supplement the space they leased in the same building in January 2014 Max L Barrow Farm – Rensselaer, in Part of the Belstra Group Farms, this hog production facility is nearing completion of a 32,000 SF, $1.2 million, 3,300 animal expansion with opening planned for September 2015 Mid-State Bolt and Nut – Rensselaer, in Fastener distribution company expanded their facility by leasing 3,000 SF of warehouse space after initially entering the market in 2013 with a 7,000 SF office/ warehouse New Leaf Resources – DeMotte, in Constructed a new 1800 SF Christian oriented professional counseling center and relocated in September 2014 with 3 employees from a two room office in Wheatfield Jasper County Economic Development Organization, Inc. 8 2014-2015 JCEDO Annual Report Investment Projects (cont.) Royal Oak Family Restaurant – Rensselaer, in After acquiring and remodeling a prominent vacant building, this family owned/operated restaurant opened in July 2015 with approximately 30 full and part time employees Shopko – DeMotte, in Opened a name brand, discount retail department store in 35,000 SF of leased space with 25 employees in March 2015 Taco Bell – Rensselaer, in Indi-Illi Mexican Food Company completed construction and opened their 9th franchise restaurant in September 2014 with approximately 40 full and part time employees Town & Country Paving – DeMotte, in This asphalt paving contractor and materials supplier invested $765,000 to expand by establishing a concrete crushing capability with project completion in March 2015 Treasurer Keepers – Remington, in Newly constructed Christian Daycare and Preschool center employing 5 with a capacity for 82 children between the ages of 6 months and 12 years opening in August 2015 Jasper County Economic Development Organization, Inc. 9