january 23, 2008

enterpriseMidAmerica

January 23, 2008

Grow Johnston!Grow Johnston!

Welcome and IntroductionsWelcome and Introductions Convene Annual MeetingConvene Annual Meeting

– Election of JEDCO Board MembersElection of JEDCO Board Members John Deere Credit ExpansionJohn Deere Credit Expansion

– James E. MeenaghJames E. Meenagh Polk CountyPolk County

– E. J. GiovannettiE. J. Giovannetti Tour 2007 RepriseTour 2007 Reprise 2008 JEDCO Activity Overview2008 JEDCO Activity Overview


Agenda

Steve Scott (Term Expiring December, 2010)Steve Scott (Term Expiring December, 2010) Kevin Tubbs (Term Expiring December, 2010)Kevin Tubbs (Term Expiring December, 2010) Rick Helps (Term Expiring December, 2008)Rick Helps (Term Expiring December, 2008)

– Filling Vacant Position (Deb Bengston)Filling Vacant Position (Deb Bengston)


Board Election

John Deere Credit ExpansionJohn Deere Credit Expansion

January 23, 2007

DisclaimerDisclaimer

Still subject to formal approval by the Deere Board of Directors

Current schematic drawing are subject to change

JDC moved it’s world headquarters to Johnston in Miwgeoiwe ibowiyfw wioyfbouiwbfoiwlbg y of 2000Our existing building is approximately 240,000 square feet and comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er Current occupation is roughly 1050 people and our total capacity is estimated at 1150 seatsfg;eug e;rogneogne;ogne;onge;ogn neorienorge;orng;o ;oernoIn short, we’re running out of roomwretetr nryehht,nnewyhdhdhtl mvmvmieoojdjkmfmoiejnro erogneongo eigneporgn eorngoerngongornogn e;orgnnogJfjfkstoo mcmkskirir vmxmjsdiiek lkfnweffuiben iofeiuefb iof;ui;wh ufifb uhfiwfiwfu wkufnfwfiuwfn

luirfbwilbifbibibfiwbfbwubwlifbbibilbilbbblsblsbbldbldblvdlbvksdbvslbslbbuvbdlfbdlibildbvbvilsbvilsdbvildblidblblvfbvcomprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er

Kbleibilebibubluibglfbwfirbgifbsfkbwsfun;oi;bbsfuwdlwfnofilsfbwuf; iowfbpiruf iwufbpiwe iwbfiwbfiuwfbiwub;iw w;ofnowufbw;oebbcomprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er

comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er Our existing building is approximately 240,000 square feet and comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er

comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er Our existing building is approximately 240,000 square feet and comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er

comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er Bfoibfiu irufbirbueirueireifbifbipfggierbeiubeiubgi;fbwpifbbbergb;ifbufibebgoehfo ukfiowf wifyuwgpfi ilwfbfiberif;irf ifpifubefilEubfiepfi uibfpiufbei irfuepibei;beifiwfvifvlief ierbpiebfg;iebf;ibf;iwbf;iwfb ifbpifbpifbpifbbieurbgepirgbe ;ierbfpierb fuiebfpiebg;rifub eriuEbfiebpiebpgi pirfbpiebr[bgpierupie; eruibepigbeigbu peirbfpiebibf erpigepwfpiberpi; ;ifpibfibfbpipfw;fpbi ryifibrpfbpfbpfbffpvyfypifvvf! comprised of two 115,000 square foot buildings adjoined by a common

atriumhf;hr;g ;eonrg;oergn;oeng;er

General InformationGeneral Information

JDC is a unit of Deere & Company Offices in 17 countries Primary role is to provide financing to enhance

the sale of Deere equipment around the world We provide installment loans, lease products,

revolving credit, operating loans, wholesale financing, crop insurance and we also provide debt and equity financing for wind energy projects

One of the largest equipment financing companies in the US…2007 finance volume was nearly $32B.

General InformationGeneral Information

JDC moved it’s world headquarters to Johnston in May of 2000

Our existing building is approximately 240,000 square feet and comprised of two 115,000 square foot buildings adjoined by a common atrium

Current occupation is roughly 1050 people and our total capacity is estimated at 1150 seats

In short, we’re running out of room!

Growth ProjectionsGrowth Projections

Current 5 year projections call for over 300 additional employees to manage our anticipated growth

While growth will come from all of our existing businesses, it is our newer businesses that are driving our more significant growth (wind energy, insurance and other renewables

New Building DetailsNew Building Details

Square Footage: ~145,000 Capacity: ~700 employees Amenities:

– Mirror existing design, materials and aesthetics– Open office environment– Fitness rooms (lockers & showers)– Large conference center– Expanded per capita conference space– Expanded cafeteria– Enhanced courtyard– Structured parking– 2 Connector links to existing buildings– LEED Silver Rating

Total Cost in excess of $30MM

High Level Project TimelineHigh Level Project Timeline

RFP Sent: December 3, 2007 Bids Due: December 21, 2007 Bid Selection: January 14, 2008 AFE to Finance Committee: February 6, 2008 Deere Board Meeting: February 26, 2008 Site Work Begins: April 21, 2008 Building Shell: June 3, 2008 Occupancy: July 29, 2009 Facility Renovations: July 16, 2009 –

October 16, 2009

Questions?Questions?

Pioneer and John Deere Credit ExpansionPioneer and John Deere Credit Expansion Tour 2007Tour 2007 Johnston CompetitivenessJohnston Competitiveness Merle Hay Road RedevelopmentMerle Hay Road Redevelopment Marketing JohnstonMarketing Johnston

– (BIO 2007 and CORENET)(BIO 2007 and CORENET)


2007 Highlights

Project Focus – Merle Hay RedevelopmentProject Focus – Merle Hay Redevelopment MarketingMarketing CommunicationCommunication Relationship BuildingRelationship Building Advocacy and RepresentationAdvocacy and Representation


JEDCO 2008 Activities

Merle Hay RoadMerle Hay Road– Comprehensive Plan and ZoningComprehensive Plan and Zoning

– Development IncentivesDevelopment Incentives

– Property Owner CollaborationProperty Owner Collaboration

– Retail RecruitmentRetail Recruitment



MarketingMarketing– FundamentalsFundamentals

» Joint Trade Show ExhibitJoint Trade Show Exhibit» Location One Information SystemLocation One Information System» Web SiteWeb Site

– Johnston Business Directory “Development Guide”Johnston Business Directory “Development Guide”– Building on the “Johnston” BrandBuilding on the “Johnston” Brand– Updated Marketing MaterialsUpdated Marketing Materials



CommunicationCommunication– www.growjohnston.com

– Grow Johnston Member UpdatesGrow Johnston Member Updates

– Johnston Development Forum – April 2Johnston Development Forum – April 2

– Regional Issue Forums (Topic To Be Determined)Regional Issue Forums (Topic To Be Determined)

– Congressional Delegation BriefingCongressional Delegation Briefing



http://www.growjohnston.com/

Relationship BuildingRelationship Building– Grimes, Polk City, Urbandale, Granger, AnkenyGrimes, Polk City, Urbandale, Granger, Ankeny– 141/Saylorville Corridor141/Saylorville Corridor– Des Moines Area Economic Development PractitionersDes Moines Area Economic Development Practitioners– Professional OrganizationsProfessional Organizations

» Iowa Commercial Real Estate AssociationIowa Commercial Real Estate Association» Professional Developers of IowaProfessional Developers of Iowa» Technology Association of IowaTechnology Association of Iowa

– Key PartnersKey Partners» IDED, Polk County, Greater Des Moines PartnershipIDED, Polk County, Greater Des Moines Partnership



Advocacy and RepresentationAdvocacy and Representation– Community CompetitivenessCommunity Competitiveness

» New Johnston Mayor and City CouncilNew Johnston Mayor and City Council

– InfrastructureInfrastructure» NW Connector and BeltwayNW Connector and Beltway

» Road Improvement FundingRoad Improvement Funding

– Special ProjectsSpecial Projects» Merle Hay Road RedevelopmentMerle Hay Road Redevelopment



Partnership with the City of JohnstonPartnership with the City of Johnston Collaboration with the Johnston ChamberCollaboration with the Johnston Chamber Member Investments (2/3 of JEDCO Budget)Member Investments (2/3 of JEDCO Budget)


Thank You For Investing InJohnston Economic Development

Phil DunsheePhil Dunshee

Johnston Economic Development CorporationJohnston Economic Development Corporation

Johnston Chamber of CommerceJohnston Chamber of Commerce

5408 NW 88th Street, Suite 1205408 NW 88th Street, Suite 120

Johnston, IA 50131Johnston, IA 50131

(515) 276-9064(515) 276-9064

(515) 309-0144 FAX(515) 309-0144 FAX

[email protected]@growjohnston.com



THANK YOU!

january 23, 2008

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