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2 29 12 Economic Development FY 2013 Budget PresentationEconomic Development FY 2013 Budget Presentation Dubuques Job Growth Top 20 in U.S. by Moody's 2011 Report { Greater Dubuque Development Corporation recognized by Mid- America Economic Development Council for Excellence in Economic Development for Workforce Development Programs Dubuque Works A ccessD u b u cu e]o b s. co m City Council Priorities Top Priorities: O Historic Millwork District Master Plan O Support of Greater Dubuque Development Corporation O Washington Neighborhood Strategy High Priorities: O Master Plan for Chaplain Schmitt Island O New Industrial Park Location and Action Plan City Council Priorities Management Agenda • Industrial Riverfront Leases Arts and Economic Prosperity Study Workforce Market -Rate Housing Strategy sluaurtistjduzoopy Development Agreements 12 - Development Agreements O Caradco Landlord, LLC • Franklin Investments, LLC O Flexsteel Industries, Inc. O Engine House a1, LLC O Jeld -Wen, Inc. O Nottingham Properties, LLC • Green Industrial Supply, Inc. Spahn & Rose Lumber Co. Paragon Square, LLC The Rose of Dubuque, LP Bonson Block, LLC A.Y. McDonald Mfg. Co. 4 Enterprise Zone Applications *Franklin Investments, LLC e Quibby, LLC e Flexsteel Industries, Inc. *Paragon Square, LLC 111 ail re" Successful State Assistance Applications O Grants • Flexsteel Industries, Inc. (IVF) • Green Industrial Supply, Inc. (IVF -HQJP) • Caradco Landlord, LLC (CDBG) Downtown Housing Incentive Program Agreements 13 - Agreements • Hippocrene Enterprises, LLC * K & E Partnership, LLP * D & J Realty O RMF Associates, LLC O B & C Cathedral Development, LLC 473 CHS Forwards, LLC * The Fischer Companies O HHH Enterprises, LLC O Bonson Block, LLC *44 Main, LLC O Nottingham Properties, LLC O Caradco Landlord, LLC * Franklin Investments, LLC Other Loan Activities 4 Butt's Florist - DRLP 4 Caradco Landlord, LLC - IFA The "Economic Prosperity" Part of Sustainability ECONOMIC PROSPERITY sora‘"H Downtown Rehabilitation Loans Over $6.9 million loaned since the program began in 1996 O $205,000 in repayments expected during FY2012 • 1 new loan request was submitted to the City Council Downtown Rehabilitation Loan Program Waiting List Proposed Schedule • 900 Main Street FY2012 • 1000 Jackson Street FY2016 • Hotel Julien FY2021 • 1005 Main Street FY2023 • 756 Main Street FY2023 • 44 Main Street FY2024 • 900 Jackson Street FY2026 • 39 Bluff Street FY2026 P ____.,ene,„,„ Design /Facade /Financial Consultant Grants The following is a list of projects waiting to receive their design /facade /financial consultant grant: Proposed Schedule * 900 Main Street FY2011 * 44 Main Street FY2012 • 900 Jackson Street FY2013 O 1132 -36 Locust Street FY2013 0.39 Bluff Street FY2014 Port of Dubuque Flexsteel Expansion 040,000 square foot facility O $ 9 million investment 4Create 10 new jobs <> Retain 101 jobs siti Dubuque Industrial Center North Expansion Laved '•. Nemo., Tan waw Boon wane Ara WO °WOVE Frapprty 6/09 ac 1 O 0.3'n3u'o3 SASS ac N. ant Envoy TM OpS&t V•IyVO'C Vee_ie Motme: 7.372 a< ,r- ■ TM Logistics, Inc. • 10,000 square foot facility* Create io new jobs • $1,000,000 investment * Retain 103 jobs Green Industrial Supply, Inc. • 140,000 square foot facility O $8,500,000 investment O Create 17 new jobs O Retain 41 jobs IWI Motorparts • 65,000 square foot facility • $2,500,000 investment • Create io new jobs • Retain 41 jobs Theisen Expansion • 80,000 square foot expansion • $2,000,000 investment • Create 10 new jobs • Retain 77jobs 1■ imm7 740 2011 Results O 635 Retained Jobs O 64 New Jobs O 175 Downtown Residential Units O Over $61 million Capital Investment Community Branding SUSTAINABLE DUBUQUE viable • livable • equitable Riverfront Lease Renewals O Flint Hills Resources Pine Bend, LLC • 20.09 acres • io year renewal • Renewal date - April i, 2014 • Increased annual revenue - $669,800 • Plus, Flint Hills pays property taxes and dredging costs "The most sustainable building is the one that is already built." Richard Moe, President National Trust for Historic Preservation SUSTAINABLE DUBUQUE viable • livable • equilab Historic Roshek Building • $43 million renovation • National Register of Historical Places lid pl BIB pI BBB n. 111 BBB 111 B II Historic Roshek Building • FDA - Excellence in Economic Development in Historic Preservation -led Strategies Award • IEDC Excellence in Economic Development Award in the Category of Public- Private Partnerships • j Timothy Anderson Award (Timmy Award) • National Housing & Rehabilitation Association O National Preservation Honor Award • National Trust for Historic Preservation • 1000 Friends of Iowa Best Development Award O Main Street Iowa Best Total Building Rehabilitation Award O Dubuque County Historical Society Preservation Award saitiLiau Historic Roshek Building Platinum LEED Certification Leadership in Energy and Environmental Design Core and Shell Platinum by U.S. Green Building Council • Top 2 percent of energy- efficient buildings in the country. U • Ct • • • O • 11 O O O n O S S rD n a fD C r v) Whis Strong Urban C or e �l\ /M \ ' y I wE, /V Z rod C� • a ww«0 K DISTRICT" ': 1/ §: &. \ pu NF2L m ES_ 0471ST I? f® # ` DI a v • FA LITY SITE 24a \, Qat- ■ Historic Millwork District Streets • $5.6 million TIGER Grant • `Complete Streets' Design Caradco Building Project • 900 Jackson Street • 72 residential units O 35,000 square -feet of first - floor commercial O 12,000 square -feet of lower level space for community betterment projects Partnering for a Better Dubuque PERFECT GIFT LIST: TOP GADGETS AND GIZMOS FOR THE HOLIDAYS C N N ECTED r DUEUOUi 1071: - S :YOSG 7H1 MOST IOG:iS IU': I UCITFD STATES r a r - A MAC BETTER AVIjIJEhPRuOF YOUR NOME GPS TACKLES MONSTER SNOW COLLEGE GETS SMART One of the seven "Most Connected Locales" in the United States. (December20/0) Caradco Building Project • $28 million investment • $720,000 Downtown Housing Grant • $4.5 million Iowa Finance Authority Loan • $ 8.9 million Community Development Block Grant (CDBG) Housing Disaster Recovery Fund Contract Caradco Building Project Caradco Building Project Intermodal Center O The Vision • support transit connections • rail connections • vehicular parking a electric vehicle charging bicycle parking • intercity bus • a passenger waiting area • taxicab stands a public restrooms • ticketing office O Neumann Monson Architects hired in June 2011 conduct preliminary design Dubuque Intermodal Campus Phase I Terminal — 8,700 sf PHASE I Phase I Parking — 292 Stalls 111Dubu Campus Dubuque Intermodal Cam a P Passenger Rail Platform Phase I I Terminal — 5,500 sf Bus torage Facility 0 lit X PHASE II S Phase II Parking — 190 Stalls 2 -Way Street Conversion Iowa Job Growth: 1982 -2011 • Iowa Net Job Total Dubuque Net Job Total Dubuque County created 10.7% of Iowa's job growth. r Job Growth - 2011 Dubuque - 18% of all new jobs in Iowa Net New Jobs in Iowa, 10,100 Net New Jobs in Dubuque, Ilpiiio. 1,800 Governor's 5 -Year Goal 200,000 New Jobs for Iowans • Dubuque i8% = 36,000 New Jobs Greater Dubuque Development survey: • 42% of area businesses plan to expand • 52% are gaining market share • Positive perception of Dubuque economy • Approval of local leadership and public /private cooperation Partnering for a Better Dubuque Global Smart City Summit - Tainan, Taiwan Building a Smarter City through Leadership and Information, U.S. Conference of Mayors - Baltimore, MD O IBM Data in Our Lives Event - Yorktown Heights, NY O The Digital City: Mayors' Technology Summit - Philadelphia MD IBM Smarter Cities, Smarter Dubuque NLC TV Sustainability Innovation Consortium O Local businesses that represent over i,ioo employees O Lighting and Energy Efficiency O Renewable energy opportunities Project HOPE Current Activities O Support the Bridges Initiative • Computer Numerical Control (CNC) Training Program • Development of Child Care Resource Website O Establish Re- engagement Center • BankOn and Earned Income Tax Credit Future Endeavors Engine House #1 c �f'..0.1YLtT ouevALE Rehabilitation O 51,700,000 loan nteZMILLC 919itilllil 1i9i019iti9 919111 1 1 I 11 11 II 11 11 11 11 11 11 11 1.1 1111 0101 2009 NEW ODNSIRUCIION SOUTH ELEVATION Future Endeavors 4 Acquisition of additional Industrial Park Property • Develop incentive program for commercial ventures in Washington Neighborhood O Continue to work with Dubuque Initiatives -4■LIMmip __11111111111111111ter Riverfront Property Marketing Riverfront Property O Dubuque has 65 acres of prime riverfront property Future Endeavors Dubuque Industrial Center South O Purchased 140 acre farm in 1997 for future expansion O Final Design of the Industrial Park - mid 2012 O Grading and Infrastructure - 2012/2013 Dubuque Industrial Center South South Siegert Farm Expansion Future Endeavors O Continue regional economic development and marketing initiatives (Partnerships) O Improve Transit Model O Intermodal Facility O Historic Millwork District Future Endeavors * Downtown Loans /Grants Downtown housing O Passenger Rail * Redevelopment of South Port Threats Monitoring Legislation • Tax Increment Financing (TIF) • Property Tax Reform * Passenger Rail Funding Dubuque Named One of the Ten Smartest Cities on the Planet 2011 by Fast Company Magazine ■ Recommended Improvement Packages • Project HOPE - $73,250 • International Economic Development Council Annual Conference - $2,700 Thinc Iowa Conference - $777 • Diversity Summit - $io,000 Capital Improvement Packages • Downtown Rehabilitation Loan Program $300,000 • Downtown Rehabilitation Grant Program $150,000 • Downtown Rehabilitation Financial Consultant $100,000 • Workforce Development $310,000 • Dubuque Industrial Center South $9,964,690 t Future Industrial Park Acquisitions $150,000 Capital Improvement Packages D Millwork District Parking Improvements $2,000,000 D Historic Millwork District Housing Incentive & Rehabilitation Program - $1,300,000 D Washington Neighborhood Housing Incentive & Rehabilitation Program $3,000,000 D Washington Neighborhood Business Loan Pool $300,000 D Downtown Housing Incentive Program $500,000 Sustainability Goals • Historic Millwork District O Downtown. Market Rate Housing O Job Creation O Project HOPE *Passenger Rail Olntermodal Center S U S T A I N A B L E •Riverfront Leases DUBUQUE viable • livable • equitable O Public Private Partnerships Greater Dubuque Development Corporation What's N X GREATER DUBUQUE DEVELOPMENT 111 MS= cam, (,)• t ti 2 trl b o b ))r - ) i ct Ct NI p ; elq b 1."4 P Economic Development Director The "Economic Prosperity" Part of Sustainability ECONOMIC PROSPERITY Dubuque Named 100 Best Communities for Youth 2011 by America's Promise Alliance Diverse, Strong Dubuque Economy Dubuque is one of just 26 metro areas (out of 363) that have completely recovered the jobs lost during the recession. Study commissioned by the U.S. Conference of Mayors, January 2012 r"litilaimitiata,■111111111 Dubuque Named 15th "Best- Performing" Small Metro 2011 by Milken Institute