brokers luncheon 1/23/14
DESCRIPTION
For those who would like a second look at Innovation Valley's Real Estate Brokers Luncheon PowerPointTRANSCRIPT
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Board of Directors
DR. THOMAS E. MASONPresident and CEO, UT-
Battelle LLC
PATRICK BIRMINGHAMPresident and Publisher, Knoxville News Sentinel
KEVIN CLAYTONCEO, Clayton Homes Inc.
JAMES A. HASLAM IIICEO, Pilot Flying J
RANDY BOYDPresident and CEO, Radio
Systems Corporation
BRUCE HARTMANVice President of Sales, E.W.
Scripps Company
MARK ISOMPresident and CEO, Premiere
Building Maintenance Corporation
RAJA JUBRANCEO, Denark Construction
MINTHA ROACHPresident and CEO, Knoxville
Utilities Board
WES STOWERSChairman, Stowers Machinery
Corporation
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PARTNERS
INNOVATION VALLEY IS THE REGIONAL ECONOMIC DEVELOPMENT INITIATIVE MANAGED BY THE KNOXVILLE CHAMBER.
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STRATEGIC PRIORITIES
I. AGGRESSIVE, NEW BUSINESS & EXPANSION PROGRAMS
II. STRENGTHEN GLOBAL BRAND AWARENESS
III. TALENT RETENTION & DEVELOPMENT
IV.ENHANCE ENTREPRENEURSHIP & INNOVATION
V. CELEBRATE THE REGIONS SUSTAINABILITY EFFORTS
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RESULTS2008-2013
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RESULTS
10,266NET NEW JOBS
SOURCE: Tennessee Department of Economic & Community Development & Community Disclosures
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RESULTS
$1.138BCAPITAL INVESTMENT
SOURCE: Tennessee Department of Economic & Community Development & Community Disclosures
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RESULTS
10% INCREASEIN THE ANNUAL AVERAGE
WAGE$39,112 TO $43,459SOURCE: Tennessee Department of Labor and Workforce Development
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RESULTSRECENT ANNOUNCEMENTS
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HOW WE DO IT
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NEW LEADS
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MARKETING
KnoxvilleOakRidge.com
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CONFERENCES
KEY MARKET VISITS
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Green Carpet Tour
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• Founded in 1993
• Boundaries cover .67 square miles and 400 acres
• Funding
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• DEVELOPMENT– Small Development Grants– Beautification/Curb Appeal– Retention/Recruitment
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• MARKETING & EVENTS– Revamping Website– Sponsor Events– Social Media– Buy Local Program
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• SECURITY– KPD– Graffiti Removal– Panhandling
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• PARKING & TRANSPORTATION– www.parkdowntownknoxville.org– Parking App-Parker– Parking Token Program
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STAFF TO SIX BOARDS
• City of Knoxville Industrial Development Board
• Downtown Cinema, Inc. Industrial Development Board
THE DEVELOPMENT CORPORATION OF KNOX COUNTY ALSO SERVES AS THE:
• Knox County Joint Economic & Community Development Board
• Knox County Industrial Development Board
• Knox County Health, Education & Housing Facility Board
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Butler Site
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KARNS VALLEY BUSINESS PARK
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PROPERTY SALES CONSIDERATIONS
• INTENDED USE
• JOBS– NET NEW AND/OR RETAINED
• WAGE RATES
• CAPITAL INVESTMENT
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TDC POLICY REAL ESTATE COMMISSIONS
Real Estate Commissions PaidSale
PricePercent
CommissionCumulative Commission $
$0 to $500K 8% Up to $40K
$500K to $1M 6% $40K + up to $30K
$1M to $2M 4% $70K + up to $40K
$2M+ 2% $110K + up
+Properties will be priced with commissions included
+Owner reserves the right to negotiate commissions on a case by case basis.
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BHS CORRUGATED
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LOCAL INCENTIVES
• Land Discounts
• Tax Incentives
• PILOT
• TIF
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ECONOMIC DEVELOPMENT PILOTS
BHS CORRUGATED NA
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REDEVELOPMENTPILOTS
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TAX INCREMENT FINANCING
SOUTH GROVE UNIVERSITY COMMONS
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HOW YOU CAN HELP
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SITES & BUILDINGS DATABASE
www.knoxvilleoakridge.com/sites-buildings/
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IDENTIFY NEW RECRUITS
KEY HERE = NET NEW JOBS TO OUR REGION
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HOW WE CAN HELP YOU
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INPUT FORM
JOE RILEY [email protected]
865-246-2655
www.tvasites.com
*Minimum office space is 10,000 sq. ft.; minimum industrial/warehouse space is 20,000 sq. ft.
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INCENTIVES
I. TRAININGII. TAX CREDITS
I. LOCALII. TENNESSEEIII.TVA
III.INFRASTRUCTUREIV.POWER DISCOUNTSV. LOAN PROGRAMS/GAP FINANCING
KEY= NET NEW JOBS & CAPITAL INVESTMENT
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QUESTIONS?