Greater Beloit Communityand

Economic Development Update

September 28, 2016GBEDC Quarterly Board Meeting

City Center/RedevelopmentActivity

Continued Redevelopmentof the Iron Works Ebates/FatWallet Expansion

Comply365

AccuLynx

Mastercraft

Stateline Family YMCA(Groundbreaking in April 2016 and Grand Opening isscheduled for November 2016)

Hendricks Career Tek(Construction is underway and scheduled for openingFebruary 2017)

IronworksSouth

Parking LotExpansion

Net New StallsApproximately 90

608.312.4333www.irontek.com

Irontek is a collaborative and dynamicwork space that provides a flexible spacefor growing and start up businesses.Benefits:• 40 co-working desks with individual power source• 8 private offices ranging from $300-$500/month• 2 conference rooms with state-of-the-art technology• Kitchen and rec roomTenants:• Greater Beloit Chamber of Commerce• Resonate Web Marketing• Brownfield Environmental Engineering• The Right Site Search FirmEntrepreneurial Resources• gBETA• Score

Business Incubator | Co-working Space | Tech Hub

The Power of thePowerhouse

Adaptive reuse◦ From a vacant power

generating facility to -◦ A campus activity and

recreation center Fitness

Center/Pool/Track Health & Wellness

Center Flexible Meeting Spaces Lecture Hall/Movie

Theatre Nearing fundraising goal

of $38 million

Beloit CollegePower Houseproject

IndustrialDevelopment

Altra Industrial Motion

• Renovation of SouthBeloit Gardner Streetlocation

• $4 Million capitalinvestment

• 30 new jobs• Adding new Research

and Developmentcapabilities

Riverside Energy Center

Alliant Energy proposed naturalgas-fueled generating station-Town of Beloit RiversideEnergy Center 700 Megawatt $750 Million investment 200-300 Construction jobs

over 2 years Additional long-term

operational positionsApproved by the PSC- Demo work began in May Large scale construction 2017-

2019 Fully operational 2020

ConAgra Foods

• Signed a long-term lease to occupy 140,000 SF at the formerAlcoa building

• Warehouse/distribution• Also planning a major expansion to its South Beloit cookie

factory facility• $15 Million• 100-200 New jobs• Target completion March 2016• City of South Beloit and School District of South Beloit

providing a tax abatement incentive

DuPont Expansion

•Significant productioncapacity expansion

•Building addition 3,000 SF•Parking lotreconfiguration andexpansion

•4 new jobs•$23 million investment

HENDRICKS COMMERCIALPROPERTIES SPEC BUILDING

PROJECT

(State Line Industrial Park)

31.59 Acre Site

PHASE I (Leased)◦ Initial 105,000 SF building◦ Construction began the end of April 2016◦ Substantial completion December 31, 2016◦ $6 million capital investment

PHASE II (Adjacent to Willowbrook Road)◦ 105,000 SF building construction to beginspring 2017◦ $6 million capital investment

PHASE III and Beyond◦ Addition of up to 210,000 SF of building space◦ $12 million in additional private capitalinvestment

15

Walters/Townline Industrial Park

◦ 85 Acres◦ May be Subdivided◦ Immediately Adjacent to Riverside

Energy Facility◦ Town Owned New Aggressive Incentive Pricing

Strategy

OTHER NOTABLEPROJECT

• $13.8 Million Project• New Hybrid

Operationing Room• 2 Cardiac

Catheterization Labs• 3 Phase Project with

completion in 2017

Hendricks Family HeartHospital & Packard Cardiology Clinic

ResidentialDevelopment

ASSISTED LIVING

Beloit Senior Housing◦ 2250 West Hart Road◦ 44-100 units◦ 5 acre development◦ Project will create 24 new jobs◦ $5,000,000 private investment◦ Construction Complete – Grand Opening - September 24, 2016

Cranston Elderly Care Facility◦ 1971 Cranston Road◦ 20 Units (assisted living)◦ Construction to begin Spring 2017

Multi-Family

Hawk’s Ridge Expansion◦ 3 New 4 Story Buildings◦ 400 Additional Units◦ 441 New parking stalls

Hawk’s Ridge Expansion

Condo Project

Walnut Grove Condos◦ Duplex Condos◦ 6 buildings/12 units◦ Some pre-sold

Single FamilyEagles Ridge Subdivision (Gateway)◦ Building permits for new homes (and sales) increasing since

great recession. 14 since 2012

◦ New Leaf Homes has built 13 of the 14 and has plans toconstruct more including the newly platted Raven DriveSubdivision.

◦ New home values range from $154,000 to $206,000

Town of Beloit Residential Opportunities

◦ Blackhawk Run◦ Cora Court/Lockhart Project◦ Heron Bay◦ Town Owned Incentivized Pricing◦ Potential Combined Impact 137 New homes $22.5 million net tax base 600 New residents

WorkforceDevelopment Activity

Jobs In Rock CountyStreamline your talent recruitment and retention efforts byusing JobsInRockCounty.com, the area’s one-stopemployment and information portal.

Launched March 2016 Robust, Easy-to-Use Online Job Posting Interface Create, Save & Update Posting Templates Job Board, Search Engine & Social Media Compatibility Access Applicant Information in Real-Time Automate & Customize Applicant Communication Share Pre-Qualified Candidates; Access a Trailing Spouse & Lock-

In the Candidate by Leveraging the Community ConnectionProgram

Access Value-Added Community Information & Data Serve as a Resource for Third-Party Recruiters 90 companies signed on 130 job positions Average 1 new posting per day

www.jobsinrockcounty.com

Crafting and delivering an accurate and enthusiasticbrand promise and message (promoting Beloit)

Interacting with HR and recruiting staff Interacting with existing and prospective professional

employees A solid understanding of Beloit and its assets

(knowledge) Making connections with people (engagement) Familiarization of Greater Beloit’s major employers Superb customer relationship skills Community Tours Establish and maintaining a network of local “go to”

resources

Talent Recruitment and RetentionCommunity Concierge Pilot ProgramVision Beloit Partners hire and manage a part-time position toprovide employment candidates customized interaction.

Posting for position began in early Augustand ran through the end of the month

10 Resumes Received

Candidates experience range from PhD. to CollegeFreshman

Partners have selected final candidates to interview

Interviews scheduled and candidate to be selectedin October

Pilot Program Funded$20,000

Initial Investors Hendricks Companies

Kerry

Beloit College

Beloit Health System

First National Bank &Trust

GBEDC

Programming Updates

Business Retention andExpansion Program

254 Interviewsin Rock County

conducted todate

RLF Update• Loan Portfolio Update

• 3 loans

• $85,290 lent out

• Funds Available• $326,021.30

Investors Update

Paid Investors YTD: 75 Past Due: 0 New Investors YTD: 5

Community Health Systems Father & Son’s Cleaning Western Container Kurt Egan – Individual Johnson Bank

Budgeted Income: $66,000 Income YTD: $69,713.75

QUESTIONS?

THANK YOU!

Pratt IndustriesChuck Gregg, General Manager

Facility ToursShort Option – 15 minutesLong Option – 30 minutes