Q2 REPORT 2017
Providing Partnership & Support The Growth Alliance for Greater Evansville was created in early 2007 as a public-private non-profit par tnership through the concer ted ef for ts of government, business and higher education. We provide suppor t to new and existing businesses that enhance the overall economic vitality of the City of Evansville and Vanderburgh County, Indiana.
Our Mission To drive and suppor t economic development activities that provide positive economic impact and sustainable growth; through attraction and expansion of investment and new jobs, retention of existing jobs, and incubation of new innovationbased businesses in the City of Evansville and Vanderburgh County, Indiana.
Evansville’s Hub, Fostering a Culture of Collaboration & Innovation to Fuel Growth.
BUSINESS RETENTION & EXPANSION
Q2
The Growth Alliance's business retention and expansion efforts encourage the survival and growth of established businesses in Vanderburgh County. Examples of support that the Growth Alliance could provide, or help secure, include: Business Expansion Opportunities Facility Relocation Retention of Existing Industry Building and Site Searches
Identification of Applicable Incentives Connecting to Workforce / University Resources Tax Phase-in Assistance
INDUSTRY
NEW JOBS
RETAINED JOBS
Imperial Fastener and Industrial Supply, a division of
Industrial Supplies / Distribution
7
6
$1,515,000
Hyatt Place Hotel
Hospitality
11
--
$15,095,682
18
6
$16.6 Million
COMPANY
Haggard & Stocking Company
Q2 TOTAL:
Currently located on Bergdolt Road, Imperial Fastener and Industrial Supply will invest $1.5 million to construct a new 23,700 square-foot warehouse and office space at 4814 Spring Street.
CAPITAL INVESTMENT
The Growth Alliance recommend before City Council an incentive package including a modified 3-year tax phase-in on real estate improvements made by Kinship Hospitality LLC to cover a gap of unexpected costs to build the $18 million dollar, 139-room Hyatt Place Hotel in Downtown Evansville.
BUSINESS RETENTION & EXPANSION
Q2
ONLINE BUSINESS LICENSING & PERMITTING
In partnership with Matt Lehman, project manager for Evansville/Vanderburgh County, the Growth Alliance reached out to masterminds behind the State of Indiana’s INBiz portal to discuss the opportunity of expanding the portal to local Indiana governments. Productive planning meetings between local and state representatives took place in Q2. Plans continue to move forward for launching a streamlined approach for starting a business in Vanderburgh County. INBiz is the state of Indiana’s one-stop resource for registering and managing your business and ensuring existing businesses are compliant with state laws and regulations.
City of Evansville & Vanderburgh County
TAX PHASE-IN & COMPLIANCE REPORTING The Growth Alliance administers the Evansville/ Vanderburgh County Tax Phase-In Application process and compliance reporting. Year-to-date, 72 projects/companies have been contacted by the Growth Alliance for compliance reporting. Compliance reporting before City/County Councils will take place in Q3.
PROVIDING UPDATES
At the request of Evansville City Council, the Growth Alliance proposed updated tax phase-in guidelines, scoring sheets and worked with the Coucil’s legal counsel to update and codify the tax phase-in process for the City of Evansville.
ENTREPRENEURSHIP & INNOVATION
Q2
Innovation Pointe is a high-tech business incubator managed by the Growth Alliance for Greater Evansville. Located in the heart of Downtown Evansville, Innovation Pointe assists in the creation and growth of new businesses in the Evansville area - offering affordable startup office space, coworking space with access to free education and mentoring services.
INNOVATION POINTE UPGRADES & REPAIRS The Growth Alliance continues to evaluate key maintenance items that will need to be addressed in the near future; including: HVAC improvements and technology upgrades. Maintenance items have been prioritized and quotes are being gathered for future purchases, repairs and upgrades.
NEW COWORKERS Joined The Station Coworking Space
COWORKING EXPANSION An evaluation of the 2nd floor is currently underway in order to devise a cost/benefit analysis of a possible expansion. A cumulative research proposal will hopefully justify this project for implementation in late 2017- early 2018. Grants, sponsorship opportunities and potential collaborations have been identified to assist in funding an expansion of the space.
INTERNAL COMMUNICATIONS Monthly Innovation Pointe tenant and coworking emails continue in Q2 to improve connectivity and awareness among organizations and individuals at Innovation Pointe. Monthly “Know Your Neighbor� lunch hour events also continued to facilitate introductions among tenants and coworkers.
ENTREPRENEURSHIP & INNOVATION
Q2
CERTIFIED TECHNOLOGY PARK DESIGNATION In collaboration with the University of Southern Indiana and others, the Growth Alliance is working to complete reporting for Certified Technology Park Designation in Evansville. The Certified Technology Park program was created by the IEDC as a tool to support the attraction and growth of high-technology business in Indiana and promote technology transfer opportunities. Designation as a Certified Tech Park allows for the local recapture of certain stateand local tax revenue which can be invested in the development of the park.
REGIONAL PITCH COMPETITION with
The Growth Alliance organized and cohosted the inx3 Regional Pitch Competition in partnership Evansville Tech on Tap, the University of Southern Indiana and the Venture Club of Indiana.
The winning team received a $1200 prize package and two local teams moved on to the Venture Club of Indiana’s Innovation Showcase at inX3 in Indianapolis on June 14 – competing for a $100k prize package and priceless exposure to Indiana’s Angel and Venture Investor communities. *Prize package sponsored by Gutwein Law
ENTREPRENEURIAL ECOSYSTEM MAPPING In June, the Growth Alliance assisted Launch Indiana in hosting an entrepreneurial ecosystem mapping project for the Evansville-region. Area entrepreneurs and entrepreneurial thought leaders attended this facilitated group discussion designed to identify available resources to accelterate small business growth in the Evansville-region. Mentors, service providers, funding sources, and educational/ networking opportunities available to entrepreneurs were identified along with resources the region lacks. Results of this session were added to the statewide resource map available for all Indiana residents to use at www.launchindiana.org.
QUALITY OF PLACE & TALENT DEVELOPMENT
Q2
REGIONAL BRAND ROLLOUT The e is for everyone community-driven brand launched in May of 2017. The brand is a cultural initiative to connect all corners of the Evansville region; encourage everyone to contribute to affect positive change; and celebrate the innovation and momentum of our community. The Growth Alliance proudly serves as a brand director for the initiative alongside the: Convention and Visitors Bureau, Southwest Indiana Chamber, Evansville Regional Business Committee, Economic Development Coalition of Southwest Indiana and local brand and marketing experts.
DOWNTOWN BUSINESS ASSISTS The Growth Alliance assisted twelve Downtown businesses through the City of Evansville’s Downtown Design Review Process. Each business presented plans for noticeable renovations to the exterior of their property located within the Downtown Redevelopment Area.
LUNCH & LEARN
226 MAIN STREET River Kitty Cat Cafe
| June 7, 2017 At the request of Vectren, the Growth Alliance presented updates on current and ongoing economic and community development projects in the City of Evansville and Vanderburgh County to Vectren’s Energy Efficiency Department. The group was particularly interested in learning more about quality of place projects including Uber, a trolley for Evansville’s Cultural Districts and new developments in the works.
QUALITY OF PLACE & TALENT DEVELOPMENT
Example
Q2
TED: Trolley of Evansville Districts
To continue growth among Evansville’s cultural districts and increase overall connectivity of the city’s core, planning for a privately-owned Trolley is underway. This project is a partnership between the Growth Alliance and the Franklin Street Events Association. A crowdfund campaign for TED will launch in Q3. Stay tuned!
SUPPORTING LOCAL GROWERS & BUILDING A MARKET COMMUNITY
1
The Growth Alliance proudly serves on the Board of Directors for the Downtown Evansville Farmers’ Market. The market operates on Fridays through September 29th. Activities and events planned for the 2017 season, include: live music, educational presentations, health screenings, wellness tips, kids' activities, recipes & prizes!
4TH OF JULY FREEDOM CELEBRATION
Sponsored by Tropicana Evansville & Tri-State Area Ford Dealerships Planning for the 4th of July Freedom Celebration & Fireworks is underway with sponsors secured, food vendors assigned and event operations scheduled. The Growth Alliance staff will host the event in Downtown Evansville on Tuesday, July 4th to a crowd of 30,000+.
NEW BUSINESS ATTRACTION
Q2
The Growth Alliance’s business attractions efforts are fueled by leads from many sources including: the Indiana Economic Development Corporation, local real estate professionals, the Economic Development Coalition of SW Indiana and the Growth Alliance website. In responding to attaction projects, the Growth Alliance acts as the liaison between site-seeking companies, local and state government officials, education providers, transportation and utility offices, as well as private sector resources.
REQUESTS FOR INFORMATION
Eight projects reached out for information regarding available sites and buildings in Evansville/Vanderburgh County.
SITE VISITS HOSTED
The Growth Alliance hosted tours to a number of existing facilities and sites in the City of Evansville and Vanderburgh County with potential companies.
SITES & BUILDINGS DATABASE FOR SITE SEEKING COMPANIES State of Indiana provides a free local edition of Zoom Prospector - Indiana’s online sites and buildings database to communities throughout the state of Indiana – including, Vanderburgh County. Through regular communication with commercial real estate professionals, The Growth Alliance maintains and updates large Vanderburgh County sites and buildings displayed on ZoomProspector. Once a site or building is added the property is visible on both the Indiana Economic Development Corporation website and the Growth Alliance website. From the Growth Alliance website, site seeking companies may browse buildings, sites, and local businesses within our community. More than just a real estate database, Community profile reports are also available through ZoomProspector; these reports are packed with City and County data including: population, education, workforce, consumer spending, wages and more.
INVESTORS Our work is made possible through the generosity of community partners that believe in our mission to support new and existing businesses to enhance the overall economic vitality of the City of Evansville and Vanderburgh County. Without the following community partners, our success would not be possible.
PUBLIC City of Evansville Vanderburgh County PRIVATE AT&T Indiana Berry Global Group Inc. CHA Consulting, Inc. Dunn Hospitality Group EVV Airport Fifth Third Bank Ford Motor Company Hafer Mulzer Crushed Stone Old National Bank Signarama Evansville EVENT SPONSORS
Tri-State Area Ford Dealerships
Tropicana Evansville Vectren Corporation *List does not include trade/in-kind sponsorships, donations from individuals and/or community foundations.
The Growth Alliance is a certified 501(c)(3) nonprofit.
THANK YOU!
BOARD OF DIRECTORS 2017 Richard Schulz – Chair
Joe Kiefer
Executive Vice President & CFO, United Companies
* Vanderburgh County Council
Brad Ellsworth – Vice Chair
Dan McGinn
President, Vectren Energy Delivery - South Vectren Corporation
Alfonso Vidal – Nominations Committee Chair President, Vidal Plastics, LLC
Doug Joest – Treasurer Executive Director, Evansville Vanderburgh Airport Authority
Pepper Mulherin – Secretary Director, External Affairs, AT&T
Mark Bernhard Associate Provost for Outreach and Engagement University of Southern Indiana
Kelley Coures *ex officio member Executive Director, Dept. of Metropolitan Development
Thom Endress Former VP of Operations – DITTO
Dr. Jill Griffin Executive Director, Institute for Global Enterprise University of Evansville
Patrick Griffin Vice President, Corporate Dev. & Investor Relations Escalade Sports Inc.
Dwight Hamilton President, Fifth Third Bank, S. Indiana
* Evansville City Council
Dr. Zane Mitchell, Jr. Dean, Pott College of Science, Engineering, and Education - University of Southern Indiana
Dr. Drew Peyronnin Executive Vice President, Peyronnin Construction Creator of Tech on Tap
Sabrina Stewart-Thomas Chief Operating Officer S.R. Stewart-Thomas
Bruce Ungethiem
*Vanderburgh County Commissioner
Susan Vaughn Director, SW Region Indiana Economic Development Corporation
Lynell Walton Director, Investor Relations Old National Bank
Greg Wathen President, Economic Development Coalition of Southwest Indiana
Lloyd Winnecke
*Mayor, City of Evansville
Growth Alliance Welcomes New Leadership in March 2017
With over twenty years of experience in the civic, business and nonprofit arenas, Ellen Horan will lead the organizations’ objectives to retain, expand, incubate and attract businesses in Evansville and Vanderburgh County.
Ellen Horan
“Ellen’s history of leadership, collaboration and outstanding skillsets will support and strengthen the economic growth and momentum taking place in Evansville and Vanderburgh County,” stated Rick Schulz, president of the Growth Alliance Board of Directors. “We’re thrilled to introduce her to the community and have her on the team.”
Horan brings over twenty years of experience in the civic, business and non-profit arenas, most recently as President and CEO of the Greater Reading Chamber of Commerce and Industry in Reading, Pennsylvania. During her successful tenure in Reading, Horan led the Chamber to 5 Star Accreditation Status, the highest level achievable. Prior to joining the Chamber, Horan was president of The Manufacturers Association of Berks County, a regional trade association comprised of 370 employers from Berks and the surrounding counties. The Association provided advocacy, employee development and employee relations services. A native of the area since June of 2016, Horan has witnessed the momentum building in the community. “This is such an exciting time to be engaged in Greater Evansville with so much happening in economic development. I look forward to working with our stakeholders and partners to accelerate the region’s growth.” Horan, a graduate of Shippensburg University, received her master’s degree in Public Administration from the University of Pittsburgh. She has received numerous awards and recognition for her professional leadership and community involvement.
“
Greater Evansville is on the move. You can feel a buzz and excitement about the growth of the City, the County and the region as a whole. I am equally excited about the Growth Alliance staff, Board and partners and their combined commitment to foster a culture of collaboration and innovation to fuel growth. Ellen Horan President, Growth Alliance
”
318Main MainStreet, Street,Suite Suite500 500 318 Evansville, IN 47708 Evansville, IN 47708 (812) 401.4243 1(812)401.4243
WWW.GROWTHALLIANCEEVV.COM
WWW.GROWTHALLIANCEEVV.COM