Driving the Economy Measuring the progress and performance of Vision 2030
TOURISM AGRICULTURE HIGHER EDUCATION
INTERSTATE COMMERCE
To achieve our mission, ICAD Group must consistently add value. Our programming and work must grow existing interstate business. We must serve the workforce needs of local market sectors now and in the future. We must develop a culture of innovation that grows and supports future companies and employers. And, we must continue to think and act globally, targeting businesses that will benefit from operations in the Iowa City area. We have set forth on an aggressive and pioneering course of action to support Vision 2030. To achieve our goals, we will measure, we will adapt, and we will push on. We know where we are headed and we thank each and every one of our investors, partners and fellow visionaries for supporting us along this path. If successful, our community is the ultimate beneficiary.
Through jobs, companies, and capital, ICAD Group will bring $100 to the community for each $1 invested.
Driving the Economy FY2013–FY2017
2
Delivering 100 to 1 your return on investment
The challenge looking forward is to maintain, grow and attract interstate commerce amid growing global competition. While the economy of this region is sound, specifically with the impact of tourism, agriculture, and higher education, economic vitality requires robust activity within interstate commerce. The goods and services produced locally, but sold outside of the market, are the driving force for increasing spending across our economy. These dollars funnel into our communities in the form of capital investment, higher growth and wages rates, expendable income, and tax revenues.
Driving the Economy FY2013–FY2017
3
Interstate Commerce and Strategic Initiatives:
What we impact ICAD Group plays the lead role in interstate commerce development, focused on driving and maximizing our region’s potential. The results of our work directly impact expansion of existing industry, growth of entrepreneurial startups, and the attraction of targeted industry. We provide significant assistance to the achievement of the following results:
24
contributing
expansion/retention projects
15
high-quality jobs
860
creating
targeted companies
16
1,605
high-quality jobs
170
adding
new interstate commerce companies are created
high-quality jobs
Driving the Economy FY2013–FY2017
4
Interstate Commerce and Strategic Initiatives:
What we influence Vision 2030 augments our core strategy of work with existing industry, business recruitment and entrepreneurial development to create a region better suited to compete on the global stage. This strategy serves the workforce and community needs of our local market sectors. We provide significant assistance to the achievement of the following results: Interstate commerce workforce will increase 7.5% to more than 15,000 employees The private sector wage for all jobs will increase 9% to $17.60 and interstate commerce projects we assist will pay an average wage of at least $21 per hour Total employment in the area will increase 6.6% to more than 95,800 people by place of work The area will continue to be recognized as a national leader in education, diversity and economic prosperity, and ICAD Group will contribute to these rankings through its core programming and community engagement, including Blue Zones, United Way, Diversity Focus and the State of Iowa’s STEM Advisory Council
Driving the Economy FY2013–FY2017
5
Building on the power of ideas Engagement and accountability every step of the way
ICAD Group’s partners, investors and visionaries help us promote high-value interstate industry, job growth and retention, and capital investment. To honor that commitment, we pledge to keep you abreast of issues, opportunities, achievements and obstacles. With our vision and mission firmly in place, we have established benchmarks along the way. Through independent analysis, local and national studies and commissioned reports, ICAD Group will track each strategic initiative and provide timely updates. We will present the progress and the problems, showing the results of our work during regularly scheduled meetings and through one-on-one communication.
(319) 354-3939
During these five years, we will measure new capital investment, new and retained wages, local and state tax revenue, along with estimated induced wages to show how interstate commerce is driving our economy and how ICAD Group is providing a return on your investment.
www.iowacityareadevelopment.com twitter.com/icadgroup facebook.com/icadgroup youtube.com/icadg
Together, we help these companies provide financial benefit to all sectors of our economy now and well into the future, creating a center of commerce and innovation with an unmatched quality of life.