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GREATER BELOIT COMMUNITYAND

ECONOMIC DEVELOPMENT UPDATE

GBEDC June 8, 2016Quarterly Board Meeting

CITY CENTER / REDEVELOPMENTACTIVITY

Continued Redevelopmentof the Iron Works• Ebates/FatWallet Expansion

• Comply365

• AccuLynx

• Hendricks Commercial Properties

• Stateline Family YMCA (Groundbreaking April)

(Grand Opening November)

608.312.4333www.irontek.com

• Irontek is a collaborative and dynamic workspace that provides a flexible space forgrowing and start up businesses.

Benefits:• 40 co-working desks with individual power source• 8 private offices ranging from $300-$500/month• 2 conference rooms with state-of-the-art technology• Kitchen and rec roomTenants:• Greater Beloit Chamber of Commerce• Resonate Web Marketing• Brownfield Environmental Engineering• The Right Site Search Firm

Business Incubator | Co-working Space | Tech Hub

Beloit CollegePower House project

• Adaptive reuse• From a vacant power

generating facility to -

• A campus activity andrecreation center

• Fitness Center

• Pool

• Indoor Track

• Health & Wellness Center

• Food

• Flexible Meeting Spaces

• Lecture Hall/MovieTheatre

INDUSTRIALDEVELOPMENT

Economic Development Activity

HENDRICKS COMMERCIALPROPERTIES SPEC BUILDING

PROJECT

(State Line Industrial Park)

31.59 Acre Site

• PHASE I• Initial 105,000 sq. ft. building

• Construction to begin by end of April 2016

• Substantial completion December 31, 2016

• $6 million capital investment

• PHASE II• 105,000 sq. ft. addition to initial building (or separate building)

construction to begin within three years of completion of publicinfrastructure (within 190 days of closing)

• $6 million capital investment

• PHASE III and Beyond• Addition of up to 210,000 SF of building space

• $12 million in additional private capital investment

9

10

Construction Underway

Synder’s Lance

• Snyder’s Lance the Nation’s secondlargest salty snack maker recentlypurchased Diamond Foods including theBeloit Kettle Chips Manufacturing facility

• Adding 2 new potato chip fryers• $9 Million Capital Investment

Midwest Refrigerated Services

• MRS recently purchased 2555 Kennedy Drive• $1.5 Renovation and conversion to a refrigerated

warehouse/distribution facility• Creating 8 new jobs

Axium Foods

• New construction of warehouse distribution facility atWillowbrook Road and Gardner Street

• 53,000 square foot building• Multi-Million capital investment• 25 new jobs• City of South Beloit providing TIF funded tax abatement

incentive• Construction to begin in

late 2016 or possibly 2017

Altra Industrial Motion

• Renovation of SouthBeloit Gardner Streetlocation

• $4 Million capitalinvestment

• 30 new jobs• Adding new Research

and Developmentcapabilities

Frito-Lay Expansion Project

• 2810 KennedyRoad

• New potato chip line• 30,000 SF

warehouse addition• Construction

complete

Riverside Energy CenterAlliant Energy proposed natural gas-fueled generating station-Town of Beloit Riverside EnergyCenter• 700 Megawatt• $750 Million investment• 200-300 Construction jobs

over 2 years• Additional long-term

operational positionsApproved by the PSC-• Demo work began in May• Ground breaking in September• Large scale construction 2017-2019• Fully operational 2020

Alliant Energy Solar Project

• Alliant Energy & Hanwha Q Cells USACollaboration

• 2.25 Megawatt Solar Field Installation• Rock River Energy Center Town of Beloit• Hanwha will design, construct, and operate thefacility and Alliant will purchase the clean power

• Construction nearly complete• Ribbon Cutting by end of June

MedicalRadioisotopes

• Company plans todevelop a productionfacility linear acceleratorsto produce isotopes usedin diagnostic medicalimaging

• 50,000 SF facilitycompleted

• Phase 1 will create 12new jobs

• Phase II to spring 2016

Former Cub Foods Building

• 20 Park Avenue• Repurpose of formergrocery store into lightindustrial

• 57,745 square footrenovation

• Removal of parking lotand landscapingimprovements

ConAgra Foods

• Signed a long-term lease to occupy 140,000 SF at the former Alcoabuilding

• Warehouse/distribution• Also planning a major expansion to its South Beloit cookie factory facility• $15 Million• 100-200 New jobs• Target completion March 2016• City of South Beloit and School District of South Beloit providing a tax

abatement incentive

OTHER NOTABLE PROJECTS

BELOIT SENIOR HOUSING

• 2250 West HartRoad

• 44-100 unitsbeing proposed

• 5 acredevelopment

• Project willcreate 24 newjobs

• $5,000,000privateinvestment

• Underconstruction

Proposed New Assisted Living Residential Complex

MAJORINFRASTRUCTURE

PROJECTS

Milwaukee Road Improvements –Phase I

• Sidewalkimprovements

• New coloredcrosswalks

• Signal updates

• Landscaping

• Construction tobegin summer 2016

•Widening Project scheduled to start in2017 and expected to be completed in2022

•Final I-39/90-I-43 interchangealignment determined (construction2020-2022)

•Sign up for updates:http://projects.511wi.gov/i-39-90/emailupdates/

I-39/90 Expansion

• Construction onconnecting link fromHwy G (Prairie Ave.)to County S(Shopiere Rd.)

• Constructioncomplete

• Expected to open inend of this month

Inman ParkwayExtension

County HWY BT

Wisconsin Avenue Reconstruction

Back to List of Projects

This project willreconstruct the curbs,water services, stormsewer, street lighting,and pavement onWisconsin Avenuebetween WoodwardAvenue and WhiteAvenue. The pavementhas been removed andunderground utilityevaluation and repair atparticular locations isunderway.

Revised 5/19/16

Questions should be directed to AndyHill in Engineering at 364-6692

Back to List of Projects

Revised 4/14/16

Questions should be directed toAndy Hill in Engineering at364-6692

Colley Road ReconstructionBetween GatewayBoulevard and the EastCity limits, this project willreconstruct Colley Road toan Urban section. On roadbike lanes will be added,open ditches will remainbehind the curb. Sidewalkswill be added to the northside and on the east side ofGateway Boulevard southof Cranston Road. Streetlighting will be included.This will complete theinfrastructure frame aroundPratt Industries. Scheduleis yet to be determined.

MARKETING EFFORTS

Gateway Business Park MarketingCampaign• Stateline Business Journal

• Chicago Industrial Properties

• Midwest Real Estate News

STRATEGIC INITIATIVES

GatewayMaster Plan

Beloit Ice Arena Analysis

• GBEDC supported cost of initial feasibilitystudy

• Initial draft completed and presented to thetask force and contributors

• Key stakeholders will be evaluating thestudy to determine the next steps in thenext 30 days

WORKFORCEDEVELOPMENT ACTIVITY

Jobs In Rock County

Streamline your talent recruitment and retention efforts by usingJobsInRockCounty.com, the area’s one-stop employment andinformation portal.

• Robust, Easy-to-Use Online Job Posting Interface• Create, Save & Update Posting Templates• Job Board, Search Engine & Social Media Compatibility• Access Applicant Information in Real-Time• Automate & Customize Applicant Communication• Share Pre-Qualified Candidates; Access a Trailing Spouse & Lock-In the

Candidate by Leveraging the Community Connection Program• Access Value-Added Community Information & Data• Serve as a Resource for Third-Party Recruiters• 75 companies signed on• 130 job positions• Average 1 new posting per day• Very positive feedback

www.jobsinrockcounty.com

• Crafting and delivering an accurate and enthusiasticbrand promise and message (promoting Beloit)

• Interacting with HR and recruiting staff• Interacting with existing and prospective professional

employees• A solid understanding of Beloit and its assets

(knowledge)• Making connections with people (engagement)• Familiarization of Greater Beloit’s major employers• Superb customer relationship skills• Community Tours• Establish and maintaining a network of local “go to”

resources

Talent Recruitment and RetentionCommunity Concierge Pilot Program

Vision Beloit Partners hire and manage a part-time position to provideemployment candidates customized interaction.

Funded by primary stakeholders (Major Employers)

Possible Future Tactics

ECONOMIC INDICATORS

Unemployment for the City of BeloitMonth/Year Rate Rank

April 2015 6.5% 2

May 2015 6.8% 3

June 2015 6.9% 3

July 2015 6.7% 3

August 2015 5.8% 3

September 2015 5.0% 3

October 2015 5.2% 3

November 2015 5.2% 4

December 2015 5.4% 3

January 2016 6.4% 3

February 2016 6.8% 2

March 2016 6.6% 2

April 2016 6.3% 2

*Source: Wisconsin Department of Workforce Development, Bureau of WorkforceTraining – Labor Market Information Section

Economic Development Activity

Number of Jobs

New

Square Feet Value

Total 301 233,000 $856,600,000

Number of Jobs

New

Square Feet Value

Total 3,447 4,363,404 $1,462,728,195

Summary of Economic Development ActivitySince 1999

Summary of Current Economic Development Activity

Economic Indicators& Trends (Rock County)

• Sales Tax Collections

• Residential Activities

• Electric Meters & Usage

• Investments & Projects

• Industrial Vacancies

• Unemployment Rates

• Bankruptcies

• Foreclosures

Detailed information, view the 2015 Rock County Economic Reportand/or Rock Ready Indices online at www.RockCountyAlliance.com.

Business Retention and ExpansionProgram

250 Interviews

conducted to date

RLF Update

• Loan Portfolio Update• 3 loans

• $89,278 lent out

• Funds Available• $320,391.50

Investors Update

• Paid Investors YTD: 74

• Past Due: 1

• New Investors YTD: 4• Community Health Systems

• Father & Son’s Cleaning

• Western Container

• Kurt Egan - Individual

• Budgeted Income: $66,000

• Income YTD: $68,586.25

QUESTIONS?

THANK YOU!