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EDC Quarterly Update

Page 1

Independence Council Presentation April 25, 2022


Welcome • Danielle Dupree • Executive Director Ennovation Center


Average Hourly Wage: $17.00

20% of jobs are $11.56‐$13.34/hour


Starting Pay in Independence Company Cargo Largo

Sonoco

Olin Winchester Unilever Burd & Fletcher Independence School District

Menards WalMart

Title Cashier Retail Sales Associate Warehouse Inspector Packager Warehouse Production Associate Forklift Operator Ammunition Packer Packaging Operator Entry Level Laborer Custodian Cook Food Prep Warehouse Transportation Driver Sales Associate Stocker Associate

Starting Wage $12.65 $13.00 $14.00 $15.50 $14.04 $17.40 $17.18 $15.45 ($17.12 after 120 days) $18.87 $16.00 $15.28 $12.49 $11.42 $16.53 $16.50 $11.00 $12.00 $13.03


Starting Pay – KC Metro Area Company

Title

Starting Wage

Ford Plant (Claycomo)

Production Team Member

$16.67

GM Plant (Fairfax)

Factory Line Worker

$12.00 (avg. $16.00)

Amazon (Kansas City, KS)

Warehouse Worker

$14.00 (up to $16.80)

JC Penney (Lenexa)

Distribution Warehouse

$15.43 (avg.)

Aerotek (Kansas City)

Warehouse Worker

$16.00


Missed Opportunity #1

Headcount Growth Projections

Real Estate and Capital Investment

• Project Steel plans to create approximately 39 new full‐time jobs in Year 1 (2023) and grow to approximately 192 new full‐time jobs by Year 4. • The operation’s average salary is anticipated to be approximately $65,332/annum in the first year and grow in‐line with local wage escalation over time.

• Capital investment is expected to range from $70,000,000 to $80,000,000 for machinery and equipment for this project. This Capex is expected to be incurred over five years of the project; approximately, $30m‐$40m in 2023, $10m‐$20m in 2024‐2027, depending on the timing of site acquisition.


• Good morning. We are working with the Missouri Partnership and a site selection consultant that is seeking an existing facility for a large, publicly traded solar company’s first US module assembly facility. The client is focused on solar cell and module production, solar project development, and independent power production (IPP). The client has a very strong pipeline of projects, and this facility will primarily support domestic and overseas demand. The client has a United States subsidiary. The module assembly facility is targeted at 2 GW of output and would employ approximately 700 workers. The facility would serve as the US headquarters for the client and include a variety of occupations including production, engineering, assembly, and administrative functions. The client sees the chosen location as a long‐term commitment to the community and plans to expand significantly in the area over the next 10 years and beyond.

Missed Opportunity #2

• • • • • • • •

Real Estate Requirements Facility Specifications: Client is seeking an existing facility but will consider a build‐to‐suit if their desired timeline can be met.

• • • • • • •

Building Requirements: Clear Height: minimum 27’, 30’ preferred Total Facility Size: 440,000 SF Production Space: 336,000 SF; prefer length x width of 531’ x 433’ (converted numbers from meters) Remaining square footage will be used for warehouse and office Total Facility Site Size: 25‐50 acres Prefer single tenant/standalone building

Timeline: 

Site selection finalization: Early 2022

Transportation/Logistics Considerations: Close proximity to interstate or restricted access highway is preferred


• Project Pizza • International Company looking for first US Facility • Prefers to lease 100,000 sq ft • Will be supplying current US customer • 21 jobs to start with ramp up to 60

Possible Project

Start up wages • Manager 1 • Accounting 2 • Logistics ‐ • Quality 1 • Technical ‐ • Production 14 • Handlings 2 • Maintenance 1

$100,000 $75,000 $75,000 $45,000 $45,000 $75,000


What's Next?

HOUSING

SPECIAL RETAIL


Housing After completing the housing study and the prospect of new companies on the parkway, several builders have shown an interest in the valley for new construction


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