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3 3 11 Fiscal Year 2012 Economic Development Budget PresentationEconomic DevelopmentEconomic Development FY 2012 Budget Presentation  National Recognition What others are saying about Dubuque Dubuque's Economic Growth Potential 7th Best in U.S. by Business Facilities the Location Advisor Magazine 2010 Rankings Report Dubuque‘s Projected Job Growth st 1in U.S. by Forbes Magazine 2010 Rankings Report Dubuque‘s Projected Job Growth 7th in U.S. by 2010 Moody’s/Economy.com Dubuque‘s Actual Job Growth rd 3in U.S. by 2010 MSN/CareerBuilder.com Dubuque among Top 10 Smartest Cities on the Planet by 2011 Fast Company Magazine Dubuque #1 Small City to Raise a Family by 2010 Forbes Magazine Dubuque was named Third-Place Finalist and Gold-Standard Community at the International Awards for Livable Communities by LivCom Awards Launched in 1997 and endorsed by the United Nations Environment Program Hotel Hotel JulienJulien Midwest Living Magazine “Top Ten  Best New Places to Eat, Play & Stay” Hotel Hotel JulienJulien Martha Stewart Weddings –2010 Travel Issue  selected the Hotel JulienDubuque as the #1 reception venue in Iowa Greater Dubuque Developmentwas recognized for Excellence in Economic Development for their Dubuque Works -A Workforce Initiative by International Economic Development Council Recognized in the category of Human Capital for  communities with populations of 25,000-200,000 Dubuque Area Chamber of Commerce Dubuque Area Chamber of Commerce 5 Star Accreditation with the United States Chamber of Commerce Excellence in chamber planning  Recognition for outstanding contributions  toward positive change in their communities top 3% Represent the of all chambers in the U.S.  Historic Historic RoshekRoshekBuildingBuilding $43 million renovation  National Register of Historical Places  RoshekRoshekBuildingBuilding  First floor tenants  Premier Bank  Café Manna Java World Café  Beijing Grill  Body & Soul The Timmy Award for Best Historic Rehabilitation Utilizing New Markets Tax Credits Awarded by the National  Housing & Rehabilitation Association Excellence in Economic Development Award for Historic Roshek Building Redevelopment in the Category of Public- Private Partnerships. Awarded by the  International Economic Development Council Development AgreementsDevelopment Agreements 6 Development Agreements 44 Main, LLC  The Victory Café –Dubuque, Inc.  73 CHS Forwards, LLC  Conlon Johnson Development, LLC  Plastic Center, LLC  FaleyEnterprises, Inc.  9 Enterprise Zone Applications9 Enterprise Zone Applications 73 CHS Forwards, LLC44 Main, LLC  WilmacProperties Company40 Main, LLC  CaradcoBuilding, LLLPBonsonBlock, LLC  Helicon Management, LLCEagle Point Software  Creative Frontier, Inc.  Successful State Assistance Successful State Assistance ApplicationsApplications Grants   Peninsula Gaming, LLC (IVF)  Sedgwick CMS (IVF –HQJP)  Eagle Point Software (CEBA) Conlon Johnson DevelopmentConlon Johnson Development SedgwickSedgwick $2 million investment  207 Retained jobs  106 Created jobs  Regional Approach  Dubuque Industrial Center NorthDubuque Industrial Center North North North SiegertSiegertFarm ExpansionFarm Expansion The Renaissance of Downtown ContinuesThe Renaissance of Downtown Continues Downtown Housing Incentive Downtown Housing Incentive Encourage new residential Housing Units in  Downtown Dubuque November 2009 IFA Study  Need for an additional 556 units in the  Community (most desireableunits being downtown) $2.5 million Housing Incentive Funds made  available The Renaissance of Downtown ContinuesThe Renaissance of Downtown Continues Downtown Housing Incentive Downtown Housing Incentive stnd 1and 2Round of the Incentive Program  11 properties awarded assistance  102 new residential units  $973,000 grant funds awarded  rd 3Round of the Incentive Program  $1,529,000 funds available  The Renaissance of Downtown ContinuesThe Renaissance of Downtown Continues Cooper Wagon Works BuildingCooper Wagon Works Building $2.6 million investment  21 Residential Units  st 1Floor “The Crust”  The Renaissance of Downtown ContinuesThe Renaissance of Downtown Continues Victory Café Victory Café ––Dubuque, IncDubuque, Inc 756 N. Main Street  4 Residential Units  $40,000 Downtown Housing Grant  The Renaissance of Downtown ContinuesThe Renaissance of Downtown Continues K & E Partnership, LLCK & E Partnership, LLC 129 Main Street  2 Residential Units  $12,000 Downtown Housing Grant  The Renaissance of Downtown ContinuesThe Renaissance of Downtown Continues D & J RealtyD & J Realty 163 Main Street  Units 3 Residential  $30,000 Downtown Housing Grant  The Renaissance of Downtown ContinuesThe Renaissance of Downtown Continues RMF Associates, LLCRMF Associates, LLC 392-394 Bluff Street  2 Residential Units  $10,000 Downtown Housing Grant  The Renaissance of Downtown ContinuesThe Renaissance of Downtown Continues B & C Cathedral Development, LLCB & C Cathedral Development, LLC 205 Bluff Street  24 Residential Units  $226,000 Downtown Housing Loan  The Renaissance of Downtown ContinuesThe Renaissance of Downtown Continues The Fischer CompaniesThe Fischer Companies th 426-428 West 5Street  4 Residential Units  $40,000 Downtown Housing Grant  The Renaissance of Downtown ContinuesThe Renaissance of Downtown Continues The Fischer CompaniesThe Fischer Companies 951-965 Main Street  7 Residential Units  $70,000 Downtown Housing Grant  The Renaissance of Downtown ContinuesThe Renaissance of Downtown Continues HHH Enterprises, LLCHHH Enterprises, LLC 164-180 Main Street  3 Residential Units  $15,000 Downtown Housing Grant  The Renaissance of Downtown ContinuesThe Renaissance of Downtown Continues BonsonBonsonBlock, LLCBlock, LLC 356 Main Street  8 Residential Units  $80,000 Downtown Housing Grant  The Renaissance of Downtown ContinuesThe Renaissance of Downtown Continues 44 Main, LLC44 Main, LLC 44 Main Street  24 Residential Units  $240,000 Downtown Housing Grant  The Renaissance of Downtown ContinuesThe Renaissance of Downtown Continues CaradcoCaradcoBuilding, L.L.L.P. Building, L.L.L.P. 900 Jackson Street  72 Residential Units  $720,000 Downtown Housing Grant  The Renaissance of Downtown ContinuesThe Renaissance of Downtown Continues Nottingham Properties, LLCNottingham Properties, LLC 485 Locust Street  4 Residential Units  $20,000 Downtown Housing Grant  Downtown Revitalization Total Improvements Downtown Dubuque Total Improvements From 1985 through December 2010 Building Facade New Real Estate Public Net New RenovationConstructionSalesImprovementJobs Rehabilitation $11,660,388$194,230,535$220,272,417$127,066,893$72,902,339+4,003 75%since 83%since 91%since 64%since 90%since 67% since 200020002000200020002000 Assessed Value:(78% higher than 2000) $469,126,490 Other Loan ActivitiesOther Loan Activities 44 Main, LLC  Helicon Management, LLC –DRLP  B & C Cathedral Development  Interstate Building, LLLP -DRLP  Downtown Rehabilitation LoansDowntown Rehabilitation Loans Over $4.5 million loaned since the program began $184,000 in repayments expected during  FY2010 3 new loan requests were submitted to the  City Council Time to fund loan has discouraged all  interested developers. Downtown Rehabilitation Loan Downtown Rehabilitation Loan Program Waiting ListProgram Waiting List Proposed Schedule Butt’s FloristFY2012  900 Main StreetFY2013  1000 Jackson StreetFY2014  Hotel JulienFY2015  1005 Main StreetFY2018  756 Main StreetFY2020  44 Main StreetFY2022  900 Jackson StreetFY2024  Design/Façade/Financial Consultant Design/Façade/Financial Consultant GrantsGrants The following is a list of projects waiting to receive their design/façade/financial consultant grant: Proposed Schedule 900 Main StreetFY2011  1005 Main StreetFY2011  756 Main StreetFY2012  44 Main StreetFY2012  900 Jackson StreetFY2013  Financial Assistance for Rehabilitation Projects Downtown Rehabilitation Loan  Façade Grant  Design Grant  Financial Consultant Grant  Downtown Housing Incentive Program  Tax Increment Financing (TIF)  2010 Results2010 Results 248 Retained Jobs  116 New Jobs  106 Downtown Residential Units  Over $14million Capital Investment  Iowa Job Growth: 1982Iowa Job Growth: 1982--20102010 Iowa 16,400 Dubuque Dubuque County created 9.68% of Iowa’s job 169,400 growth with 3% of Iowa’s population. Property SalesProperty Sales Property Sales 800 744 669 691 600 400 Residential Commercial 200 43 49 54 0 2008 2009 2010 Greater Dubuque Greater Dubuque Development survey:Development survey: 47% of area businesses plan to expand  56% are gaining market share  Positive perception of Dubuque economy  Approval of local leadership and public/private  cooperation Dubuque InitiativesDubuque Initiatives Serve as staff for the organization Current projects include: Roshek Building Engine House #1 Lease Negotiations Safe Community Task ForceSafe Community Task Force Reinvest in Neighborhoods Downtown Housing Incentives  Historic Millwork District  Project HOPE  Project HOPEProject HOPE Program Goals Connect unemployed to education/skills  training Improve information sharing among  providers Support working families needs  Project HOPEProject HOPE Current Activities Support the Bridges Initiative  Develop Universal Application  Employment Support Specialist Position  Childcare Service Mapping Project  Future InitiativesFuture Initiatives Historic Millwork District  Historic Millwork District StreetsHistoric Millwork District Streets $5.6 million TIGER Grant  ‘Complete Streets’ Design  Begin in early spring 2011 with completion  in 2012. CaradcoCaradcoProjectProject 900 Jackson Street  Spring 2011  72 residential units  35,000 square-feet of first-  floor commercial Exploring the use of 12,000 square-feet of lower  level space for community betterment projects. FutureFutureInitiativesInitiatives Continue regional economic development and  marketing initiatives (Partnerships) SeippelRoad Industrial Park (South Siegert)  Improve Transit Model  Redevelopment of South Port  FutureFutureInitiativesInitiatives Downtown Loans/Grants   Downtown housing Downtown Parking to Accommodate Job Growth   Including Intermodal Facility Passenger Rail  Future InitiativesFuture Initiatives Marketing Riverfront Property Dubuque has 65 acres of prime riverfront property  Future InitiativesFuture Initiatives Monitoring Legislation Tax Increment Financing (TIF)  Reorganization of Iowa Dept. of  Economic Development Sustainability goalsSustainability goals Historic Millwork District  Downtown Market Rate Housing  Job Creation  Project HOPE  Passenger Rail  Intermodal Facility  Riverfront Leases  Public Private Partnerships 