priority one 2009 annual report
DESCRIPTION
Annual report for fiscal year 2009TRANSCRIPT
While many businesses
have hunkered
down, trying to weather
the storm...
20
08–2
009 a
nn
ua
l r
ep
or
t
...we’ve been busy preparing for growth.
During the national economic downturn of the past fiscal year, Priority One employed
a proactive strategy aimed at positioning the Cedar rapids area for opportunities once the economy begins to recover. By making new contacts at specific industry conferences, meeting with executives of target companies, and maintaining existing relationships through our headquarter contact program, we’ve been able to keep our finger on the pulse of the business community
and better prepare the Cedar rapids area to compete for projects in the pipeline. We continue to focus our proactive marketing on mid-sized, privately owned companies, both foreign and domestic, that are looking for better distribution efficiencies and to expand their market share. We continually find niche opportunities within our defined industry clusters to make our area appealing to new and growing businesses. We have also worked more closely with consultants that routinely represent larger companies through the location evaluation process.
Several new trends in economic development emerged this year, as companies try to cut costs and remain viable. The financial crisis and resulting credit crunch led corporations and consultants to put a much larger emphasis on financial incentives when considering site locations. We also saw companies reassessing their corporate footprint, consolidating operations and reallocating resources where necessary. Priority One’s approach has been to present value propositions to these companies; though Cedar Rapids may not
always be the low cost alternative, our quality workforce and
clustering of similar industries offers long-term benefits
that highly incentivized locations cannot always
sustain. though our area lost companies
like Midland Forge, Cryovac-
Sealed Air Corp., and the manufacturing functions of Cedarapids-
Terex Corp. to consoli-dation this past year, we were also the location of choice for several other corporations. The Fortek group decided to close their St. Louis, MO, plant and relocate operations to their Cedar rapids Mestek Machinery facility, creating a net gain of 50 jobs in our community. GE Capital, through a combination of consolidation and acquisition, added 150 new employees to its Cedar rapids location.
though projects launched this year were smaller in size, each had a significant impact on the Cedar Rapids area economy and will help shape the future of this thriving community. Priority One facilitated the attraction of 3 new businesses to the area and assisted 10 existing businesses with expansion. These developments accounted for over $24 million in capital investment and the creation of 843 new jobs in our community. We also assisted two companies seeking flood recovery assistance. Penford Products and Diamond V Mills were awarded a combined $2.4 million from the iowa Department of economic Development, and were able to retain 299 jobs in the Cedar rapids area.
it has been an honor for me to work with such a dedicated staff and board of directors. I thank you all for the opportunity to serve.
le
tt
er
Fr
oM
tH
e C
Ha
Ir
Mark longChair, Priority One Board of Directors
1
...we’ve been busy preparing for growth.
During the national economic downturn of the past fiscal year, Priority One employed
a proactive strategy aimed at positioning the Cedar rapids area for opportunities once the economy begins to recover. By making new contacts at specific industry conferences, meeting with executives of target companies, and maintaining existing relationships through our headquarter contact program, we’ve been able to keep our finger on the pulse of the business community
and better prepare the Cedar rapids area to compete for projects in the pipeline. We continue to focus our proactive marketing on mid-sized, privately owned companies, both foreign and domestic, that are looking for better distribution efficiencies and to expand their market share. We continually find niche opportunities within our defined industry clusters to make our area appealing to new and growing businesses. We have also worked more closely with consultants that routinely represent larger companies through the location evaluation process.
Several new trends in economic development emerged this year, as companies try to cut costs and remain viable. The financial crisis and resulting credit crunch led corporations and consultants to put a much larger emphasis on financial incentives when considering site locations. We also saw companies reassessing their corporate footprint, consolidating operations and reallocating resources where necessary. Priority One’s approach has been to present value propositions to these companies; though Cedar Rapids may not
always be the low cost alternative, our quality workforce and
clustering of similar industries offers long-term benefits
that highly incentivized locations cannot always
sustain. though our area lost companies
like Midland Forge, Cryovac-
Sealed Air Corp., and the manufacturing functions of Cedarapids-
Terex Corp. to consoli-dation this past year, we were also the location of choice for several other corporations. The Fortek group decided to close their St. Louis, MO, plant and relocate operations to their Cedar rapids Mestek Machinery facility, creating a net gain of 50 jobs in our community. GE Capital, through a combination of consolidation and acquisition, added 150 new employees to its Cedar rapids location.
though projects launched this year were smaller in size, each had a significant impact on the Cedar Rapids area economy and will help shape the future of this thriving community. Priority One facilitated the attraction of 3 new businesses to the area and assisted 10 existing businesses with expansion. These developments accounted for over $24 million in capital investment and the creation of 843 new jobs in our community. We also assisted two companies seeking flood recovery assistance. Penford Products and Diamond V Mills were awarded a combined $2.4 million from the iowa Department of economic Development, and were able to retain 299 jobs in the Cedar rapids area.
it has been an honor for me to work with such a dedicated staff and board of directors. I thank you all for the opportunity to serve.
le
tt
er
Fr
oM
tH
e C
Ha
Ir
Mark longChair, Priority One Board of Directors
1
Reaching out to new businesses.
Maintaining existing
relationships.
thiS yeAr hAS been difficult for many companies and communities in our country. As we begin
the process of financial recovery, Priority One continues to utilize tactics learned from past economic downturns, keeping the Cedar Rapids area ahead of the curve and more prepared to take advantage of new opportunities than regions without a proven recovery strategy.
Many corporations delayed expansion decisions in 2009, and will look to move quickly once their financial situation improves. Priority One has been partnering with other area agencies to make sure our community has a process in place and can be ready to respond to projects efficiently.
By working with the Iowa City Area Development Group, we are able to draw on all the advantages in our region, and find the best location for new companies. Our relationships with the University of Iowa, Coe College, Cornell College, Mt. Mercy College, Kaplan University, and Kirkwood Community College helps to strengthen our workforce, and offers companies critical training and continuing education opportunities. We continue to work closely with the iowa Department of economic Development to assist companies with financial support. Priority One is also working with local government, the Entrepreneurial Development Center, and the Cedar rapids Area Chamber of Commerce to clearly define roles in the economic development
process. By combining our economic development efforts and renewing our focus on regionalism and collaboration, we are able to prevent overlap among our missions and insure there are no gaps in our area’s economic development strategy.
As we look at what is happening in communities across the country, this past year has proven that an organization like Priority One is now more important than ever. though the Cedar rapids area felt the effects of the recession, our diversified economy has allowed our region more stability than many other cities. In fiscal year 2010, we will continue our strategy of building and strengthening our economy through the clustering of core industries and our proven workforce initiatives.
We are currently working with 27 companies making expansion decisions within the next six months, with the potential of creating thousands of jobs and millions of dollars in capital investments. Thanks to the leadership of Mark Long and our board of directors, the dedication of the Priority One staff, and continued collaboration with our partner organizations, the Cedar rapids area is well positioned to compete for these projects and offer many benefits and advantages that other communities cannot match.
I look forward to my responsibilities as chair of Priority One for fiscal year 2010, and continuing our commitment to making the Cedar Rapids area the location of choice for new and existing businesses.
Kyle SkogmanVice Chair, Priority One Board of Directors
le
tt
er
Fr
oM
tH
e V
ICe
CH
aIr
2 3
Reaching out to new businesses.
Maintaining existing
relationships.
thiS yeAr hAS been difficult for many companies and communities in our country. As we begin
the process of financial recovery, Priority One continues to utilize tactics learned from past economic downturns, keeping the Cedar Rapids area ahead of the curve and more prepared to take advantage of new opportunities than regions without a proven recovery strategy.
Many corporations delayed expansion decisions in 2009, and will look to move quickly once their financial situation improves. Priority One has been partnering with other area agencies to make sure our community has a process in place and can be ready to respond to projects efficiently.
By working with the Iowa City Area Development Group, we are able to draw on all the advantages in our region, and find the best location for new companies. Our relationships with the University of Iowa, Coe College, Cornell College, Mt. Mercy College, Kaplan University, and Kirkwood Community College helps to strengthen our workforce, and offers companies critical training and continuing education opportunities. We continue to work closely with the iowa Department of economic Development to assist companies with financial support. Priority One is also working with local government, the Entrepreneurial Development Center, and the Cedar rapids Area Chamber of Commerce to clearly define roles in the economic development
process. By combining our economic development efforts and renewing our focus on regionalism and collaboration, we are able to prevent overlap among our missions and insure there are no gaps in our area’s economic development strategy.
As we look at what is happening in communities across the country, this past year has proven that an organization like Priority One is now more important than ever. though the Cedar rapids area felt the effects of the recession, our diversified economy has allowed our region more stability than many other cities. In fiscal year 2010, we will continue our strategy of building and strengthening our economy through the clustering of core industries and our proven workforce initiatives.
We are currently working with 27 companies making expansion decisions within the next six months, with the potential of creating thousands of jobs and millions of dollars in capital investments. Thanks to the leadership of Mark Long and our board of directors, the dedication of the Priority One staff, and continued collaboration with our partner organizations, the Cedar rapids area is well positioned to compete for these projects and offer many benefits and advantages that other communities cannot match.
I look forward to my responsibilities as chair of Priority One for fiscal year 2010, and continuing our commitment to making the Cedar Rapids area the location of choice for new and existing businesses.
Kyle SkogmanVice Chair, Priority One Board of Directors
le
tt
er
Fr
oM
tH
e V
ICe
CH
aIr
2 3
College and professional recruitment
in fiSCAl yeAr 2009, Priority One remained focused on recruiting quality individuals to enhance the Cedar Rapids/Iowa City
Technology Corridor™ workforce. Many businesses located in the Corridor require highly educated and technologically advanced employees. In order to meet these needs, Priority One attended career fairs at 32 colleges and universities across the country, including institutions renowned for their engineering excellence and IT innovation.
Priority One was able to distribute information about employment opportunities in the Corridor to more than 1,500 students throughout fiscal year 2009. In turn, resumes were collected from qualified students and distributed to over 20 Corridor companies.
new to the CorridorCareers.com booth this year was a looping video featuring the Corridor’s quality of life amenities, giving students a chance to see examples of what living in the Cedar rapids/iowa City area is really like. This video is also available on the Priority One website.
Another recruiting tool that remains popular in the Corridor is the “Pick Your Pace” employee recruitment packet. In fiscal year
2009, Priority One distributed nearly 300 packets to local employers including Toyota Financial Services, Mercy Medical Center, St. Luke’s Hospital, Management Resource group and the esco group.
Corridor Career Fair
the 14th annual Corridor Career fair was held on April 25 at the Michael J. Gould Recreation Center on the Kirkwood Community College campus in Cedar rapids. The 2009 fair featured nearly 70 employers, down only slightly from last year’s 80-plus companies, a sign that the economy is still strong in the Corridor. Job seeker attendance was just over 1,100, closely in-line with last year’s attendance of nearly 1,200.
continued
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2008-2009 Career Fairs
Carl Sandburg Community College, •Galesburg, IL
Blackhawk Community College, Moline, IL•
Bradley University, Peoria, IL•
Drake University, Des Moines, IA•
Dubuque Career Extravaganza*, Dubuque, IA •
Georgia Tech, Atlanta, GA•
Illinois State University, Bloomington, IL•
Kaplan College, Cedar Rapids, IA•
Kirkwood Community College, Cedar •Rapids, IA
LeToutneau University, Longview, TX•
LawrenceTech,Southfield,MI•
Marquette University,* Milwaukee, WI•
Michigan State University, East Lansing, MI•
Michigan Tech, Houghton, MI•
Milwaukee School of Engineering, •Milwaukee,WI
Minnesota State University, Mankato, MN•
Missouri University of Science and •Technology, Rolla, MO
Mount Mercy College, Cedar Rapids, IA•
North Carolina A&T, Greensboro, NC•
North Dakota State, Fargo, ND•
Purdue University, West Lafayette, IN•
Rensselaer Polytech Institute, Troy, NY•
Rose-Hulman Institute of Technology, •Terre Haute, IN
South Dakota School of Mines & •Technology, Rapids City, SD
University of Iowa, Iowa City, IA•
University of Michigan, Ann Arbor, MI•
University of Northern Iowa, Cedar •Falls, IA
University of North Dakota, Grand •Forks, ND
University of Texas at El Paso, El Paso, TX•
University of Wisconsin, Madison, WI•
University of Notre Dame, South Bend, •IN
Washington University, St. Louis, MO•
* Multi-College Career Fair
partnering sponsors of the 2009 Corridor Career Fair were:
Priority One•
Cedar Rapids Area Chamber •of Commerce
Coe College•
Cornell College•
Gazette Communications•
Iowa City Area Development •Group
Iowa Workforce Development•
Kaplan University•
Kirkwood Community College•
Mount Mercy College•
The University of Iowa•
4 5
College and professional recruitment
in fiSCAl yeAr 2009, Priority One remained focused on recruiting quality individuals to enhance the Cedar Rapids/Iowa City
Technology Corridor™ workforce. Many businesses located in the Corridor require highly educated and technologically advanced employees. In order to meet these needs, Priority One attended career fairs at 32 colleges and universities across the country, including institutions renowned for their engineering excellence and IT innovation.
Priority One was able to distribute information about employment opportunities in the Corridor to more than 1,500 students throughout fiscal year 2009. In turn, resumes were collected from qualified students and distributed to over 20 Corridor companies.
new to the CorridorCareers.com booth this year was a looping video featuring the Corridor’s quality of life amenities, giving students a chance to see examples of what living in the Cedar rapids/iowa City area is really like. This video is also available on the Priority One website.
Another recruiting tool that remains popular in the Corridor is the “Pick Your Pace” employee recruitment packet. In fiscal year
2009, Priority One distributed nearly 300 packets to local employers including Toyota Financial Services, Mercy Medical Center, St. Luke’s Hospital, Management Resource group and the esco group.
Corridor Career Fair
the 14th annual Corridor Career fair was held on April 25 at the Michael J. Gould Recreation Center on the Kirkwood Community College campus in Cedar rapids. The 2009 fair featured nearly 70 employers, down only slightly from last year’s 80-plus companies, a sign that the economy is still strong in the Corridor. Job seeker attendance was just over 1,100, closely in-line with last year’s attendance of nearly 1,200.
continued
te
CH
no
log
y C
or
rId
or
wo
rK
Fo
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2008-2009 Career Fairs
Carl Sandburg Community College, •Galesburg, IL
Blackhawk Community College, Moline, IL•
Bradley University, Peoria, IL•
Drake University, Des Moines, IA•
Dubuque Career Extravaganza*, Dubuque, IA •
Georgia Tech, Atlanta, GA•
Illinois State University, Bloomington, IL•
Kaplan College, Cedar Rapids, IA•
Kirkwood Community College, Cedar •Rapids, IA
LeToutneau University, Longview, TX•
LawrenceTech,Southfield,MI•
Marquette University,* Milwaukee, WI•
Michigan State University, East Lansing, MI•
Michigan Tech, Houghton, MI•
Milwaukee School of Engineering, •Milwaukee,WI
Minnesota State University, Mankato, MN•
Missouri University of Science and •Technology, Rolla, MO
Mount Mercy College, Cedar Rapids, IA•
North Carolina A&T, Greensboro, NC•
North Dakota State, Fargo, ND•
Purdue University, West Lafayette, IN•
Rensselaer Polytech Institute, Troy, NY•
Rose-Hulman Institute of Technology, •Terre Haute, IN
South Dakota School of Mines & •Technology, Rapids City, SD
University of Iowa, Iowa City, IA•
University of Michigan, Ann Arbor, MI•
University of Northern Iowa, Cedar •Falls, IA
University of North Dakota, Grand •Forks, ND
University of Texas at El Paso, El Paso, TX•
University of Wisconsin, Madison, WI•
University of Notre Dame, South Bend, •IN
Washington University, St. Louis, MO•
* Multi-College Career Fair
partnering sponsors of the 2009 Corridor Career Fair were:
Priority One•
Cedar Rapids Area Chamber •of Commerce
Coe College•
Cornell College•
Gazette Communications•
Iowa City Area Development •Group
Iowa Workforce Development•
Kaplan University•
Kirkwood Community College•
Mount Mercy College•
The University of Iowa•
4 5
CorridorCareers.comMonthly Averages
Page Views
Unique Visitors*
VisitsJob
Postings
FY 2006 67,089 19,140 39,487 454FY 2007 69,740 21,557 49,151 576FY 2008 69,643 23,127 54,399 665Growth + 3.8% + 21% + 38% + 41%
* A “unique visitor” is only counted once during the reporting period. “Visits” count the number of times people come to the site during the reporting period. For example, if a person were to come to the site four times in one month, they would count as one unique visitor and four visits.
Veteran outreach Initiative
To help educate local employers, business owners, and other HR professionals on the value of hiring military service members, Priority One, the Iowa City Area Development Group, CorridorCareers.com, Iowa Workforce Development and the Employer Council of Iowa hosted a first-of-its kind veteran outreach event. “Operation: Military to Civilian Transition” was held March 4 in Coralville. More than 70 attendees learned how to understand and translate a military resume and who to contact locally for help with military recruitment programs.
K.e.y. in the Corridor
In September, Priority One joined the Iowa City Area Development Group, the University of Iowa, Coe College, Mt. Mercy College, Cornell College, Kaplan University and Kirkwood Community College to launch Keeping Educated Youth (K.E.Y.) in the Corridor, a program designed to work with corridor employers on creative ways to recruit and retain area college graduates and alumni. The group meets quarterly, with three main goals in mind:
Present timely young professional • recruiting and retention topics quarterly via the Corridor HR Advisory meetings
Invite employer partners to • participate in K.E.Y. meetings to discuss ways to better attract,
connect, and retain young professionals in the Corridor
Act as a forum and response team • to challenges and needs employers face in recruiting and retaining young professionals
Conquer the Corridor
In January, Priority One partnered with the Cedar rapids Downtown District and the iowa Cultural Corridor Alliance to deliver a 30-minute presentation on Corridor living to 35 local hr directors and businesses. titled Conquer the Corridor, the program was designed to help companies educate their interns and employees new to the area on ways to get connected in the Corridor. the program evolved from a new-hire presentation the group had given at Rockwell Collins. Conquer the Corridor is available to all employers and organizations, and has been presented nearly 20 times to new employees at AEGON USA, General Mills, Quaker Oats, Skogman Realty and Whirlpool, as well as Rotary groups, the Chamber Academy and the Corridor Institute.
CorridorCareers.com
CorridorCareers.com remains the premier site for job postings and career information in the Cedar Rapids/Iowa City Technology Corridor. Despite the number of job postings falling back to 2006 levels, the number of page views, unique
visitors, and visits averaged monthly has steadily increased, proving that both the popularity and awareness of the site continues to grow among job seekers (see chart above).
By utilizing various social media sites, fiscal year 2009 also saw a rapid growth in CorridorCareers.com’s online presence. With 259 members on LinkedIn, 313 followers on Twitter, and 152 fans on Facebook, the network of job seekers, hiring managers and professionals connected through CorridorCareers.com continues to expand.
Iowa department of economic development grant
In October 2008, Priority One and the Iowa City Area Development Group were awarded a $50,000 matching grant for joint regional marketing. The grant was applied to the CorridorCareers.com partnership for collaborative workforce initiatives. Programs funded by the grant include:
Alumni Outreach• – sponsorship of Iowa State University and University of Iowa alumni events, as well as a three-part networking series in Cedar Rapids targeting local alumni from all three regent schools
Real World, The Corridor• – series of events for Corridor interns, including networking, seminars, volunteer opportunities and social outings
Targeted Email Campaign• – mass e-mails to thousands of healthcare professionals highlighting job opportunities and quality of life in the Corridor
RAGBRAI Sponsorship• – promoting CorridorCareers.com through event sponsorship and an organized group of riders
Career Fair Advertising• – ads for CorridorCareers.com on Facebook and in Iowa State University, University of Iowa and University of Northern Iowa career fair booklets
6 7
CorridorCareers.comMonthly Averages
Page Views
Unique Visitors*
VisitsJob
Postings
FY 2006 67,089 19,140 39,487 454FY 2007 69,740 21,557 49,151 576FY 2008 69,643 23,127 54,399 665Growth + 3.8% + 21% + 38% + 41%
* A “unique visitor” is only counted once during the reporting period. “Visits” count the number of times people come to the site during the reporting period. For example, if a person were to come to the site four times in one month, they would count as one unique visitor and four visits.
Veteran outreach Initiative
To help educate local employers, business owners, and other HR professionals on the value of hiring military service members, Priority One, the Iowa City Area Development Group, CorridorCareers.com, Iowa Workforce Development and the Employer Council of Iowa hosted a first-of-its kind veteran outreach event. “Operation: Military to Civilian Transition” was held March 4 in Coralville. More than 70 attendees learned how to understand and translate a military resume and who to contact locally for help with military recruitment programs.
K.e.y. in the Corridor
In September, Priority One joined the Iowa City Area Development Group, the University of Iowa, Coe College, Mt. Mercy College, Cornell College, Kaplan University and Kirkwood Community College to launch Keeping Educated Youth (K.E.Y.) in the Corridor, a program designed to work with corridor employers on creative ways to recruit and retain area college graduates and alumni. The group meets quarterly, with three main goals in mind:
Present timely young professional • recruiting and retention topics quarterly via the Corridor HR Advisory meetings
Invite employer partners to • participate in K.E.Y. meetings to discuss ways to better attract,
connect, and retain young professionals in the Corridor
Act as a forum and response team • to challenges and needs employers face in recruiting and retaining young professionals
Conquer the Corridor
In January, Priority One partnered with the Cedar rapids Downtown District and the iowa Cultural Corridor Alliance to deliver a 30-minute presentation on Corridor living to 35 local hr directors and businesses. titled Conquer the Corridor, the program was designed to help companies educate their interns and employees new to the area on ways to get connected in the Corridor. the program evolved from a new-hire presentation the group had given at Rockwell Collins. Conquer the Corridor is available to all employers and organizations, and has been presented nearly 20 times to new employees at AEGON USA, General Mills, Quaker Oats, Skogman Realty and Whirlpool, as well as Rotary groups, the Chamber Academy and the Corridor Institute.
CorridorCareers.com
CorridorCareers.com remains the premier site for job postings and career information in the Cedar Rapids/Iowa City Technology Corridor. Despite the number of job postings falling back to 2006 levels, the number of page views, unique
visitors, and visits averaged monthly has steadily increased, proving that both the popularity and awareness of the site continues to grow among job seekers (see chart above).
By utilizing various social media sites, fiscal year 2009 also saw a rapid growth in CorridorCareers.com’s online presence. With 259 members on LinkedIn, 313 followers on Twitter, and 152 fans on Facebook, the network of job seekers, hiring managers and professionals connected through CorridorCareers.com continues to expand.
Iowa department of economic development grant
In October 2008, Priority One and the Iowa City Area Development Group were awarded a $50,000 matching grant for joint regional marketing. The grant was applied to the CorridorCareers.com partnership for collaborative workforce initiatives. Programs funded by the grant include:
Alumni Outreach• – sponsorship of Iowa State University and University of Iowa alumni events, as well as a three-part networking series in Cedar Rapids targeting local alumni from all three regent schools
Real World, The Corridor• – series of events for Corridor interns, including networking, seminars, volunteer opportunities and social outings
Targeted Email Campaign• – mass e-mails to thousands of healthcare professionals highlighting job opportunities and quality of life in the Corridor
RAGBRAI Sponsorship• – promoting CorridorCareers.com through event sponsorship and an organized group of riders
Career Fair Advertising• – ads for CorridorCareers.com on Facebook and in Iowa State University, University of Iowa and University of Northern Iowa career fair booklets
6 7
Business recruitment/existing Business expansion
the StAte Of the global economy this past year changed the way many corporations are evaluating their
corporate footprint. though some experienced growth, many are looking to cut costs, improve efficiencies and become more sustainable. When meeting with companies considering expansion, or more commonly this year, consolidation, Priority One’s strategy is to present value propositions. Though the Cedar Rapids area may not always be the low cost option, our area offers an exceptional workforce and diverse economy. Our clusters of similar industries provide unique opportunities for companies to build business-to-business relationships and share best practices. these advantages allow our area to continue to attract and retain companies on the cutting edge of technology and innovation. By targeting a select collection of industries, maintaining strong relationships with corporate decision makers through the headquarter contact program, and developing new contacts and potential clients through industry conferences and office visits, Priority One is able to prepare the Cedar rapids area for opportunities as the economy begins to recover.
to both the city of Cedar Rapids and iDeD on behalf of affected companies. As a result, Penford Products Co. received $2 million in aid, while Diamond V Mills was granted $435,000 in flood recovery assistance. These financial assistance packages allowed the companies to retain a combined 299 jobs in the Cedar rapids area.
financial assistance applications for five other Cedar
In fiscal year 2009, Priority One assisted 10 existing businesses with expansions and was involved in the attraction of three new companies. these projects produced over $24 million in capital investment, created 843 new jobs and retained 370 jobs.
Headquarter Visits
During fiscal year 2009, Priority One made 33 visits to the corporate headquarters of companies with significant operations in the Cedar Rapids area, including five visits to corporate headquarters in europe. the headquarter contact program continues to provide essential feedback on key issues for business growth and expansion, and the strong and lasting relationships built by these visits often lead to new business ventures for the Cedar rapids area.
Flood recovery
As companies in the Cedar rapids area continue to rebuild and recover from the flood of 2008, Priority One is working with the Iowa Department of economic Development to secure financial assistance for affected businesses. Priority One has requested specific waivers of non-statutory requirements related to project initiation and program dollar limits, assisted with the application process, and given presentations
Rapids area companies are currently under review at IDED, with $1,395,000 in aid anticipated to be awarded to these companies in early fiscal year 2010.
in addition to assisting affected businesses, Priority One has helped new companies take shape after the flood as well. When Norwood Souvenir’s Cedar Rapids facility on F Ave NW was severely damaged by the flood, the company decided to relocate operations to another plant in Red Wing, MN. Shortly after the plant was closed, former Norwood employees approached Priority One to discuss the feasibility of starting their own company. In addition to investigating various financial aid opportunities, Priory One sought out the assistance of the entrepreneurial Development Center. Working hand-in-hand, Priority One and the EDC were able to assist with the opening of Cedar Crest Manufacturing in July of 2009. The locally owned and operated business will be a new writing instruments supplier to the promotion products industry, and create 40 to 50 new jobs over the next three years with an average annual salary of $40,700.
continued
Never forgetting
the impact of existing
industry.
pr
oje
Ct
S
8
Business recruitment/existing Business expansion
the StAte Of the global economy this past year changed the way many corporations are evaluating their
corporate footprint. though some experienced growth, many are looking to cut costs, improve efficiencies and become more sustainable. When meeting with companies considering expansion, or more commonly this year, consolidation, Priority One’s strategy is to present value propositions. Though the Cedar Rapids area may not always be the low cost option, our area offers an exceptional workforce and diverse economy. Our clusters of similar industries provide unique opportunities for companies to build business-to-business relationships and share best practices. these advantages allow our area to continue to attract and retain companies on the cutting edge of technology and innovation. By targeting a select collection of industries, maintaining strong relationships with corporate decision makers through the headquarter contact program, and developing new contacts and potential clients through industry conferences and office visits, Priority One is able to prepare the Cedar rapids area for opportunities as the economy begins to recover.
to both the city of Cedar Rapids and iDeD on behalf of affected companies. As a result, Penford Products Co. received $2 million in aid, while Diamond V Mills was granted $435,000 in flood recovery assistance. These financial assistance packages allowed the companies to retain a combined 299 jobs in the Cedar rapids area.
financial assistance applications for five other Cedar
In fiscal year 2009, Priority One assisted 10 existing businesses with expansions and was involved in the attraction of three new companies. these projects produced over $24 million in capital investment, created 843 new jobs and retained 370 jobs.
Headquarter Visits
During fiscal year 2009, Priority One made 33 visits to the corporate headquarters of companies with significant operations in the Cedar Rapids area, including five visits to corporate headquarters in europe. the headquarter contact program continues to provide essential feedback on key issues for business growth and expansion, and the strong and lasting relationships built by these visits often lead to new business ventures for the Cedar rapids area.
Flood recovery
As companies in the Cedar rapids area continue to rebuild and recover from the flood of 2008, Priority One is working with the Iowa Department of economic Development to secure financial assistance for affected businesses. Priority One has requested specific waivers of non-statutory requirements related to project initiation and program dollar limits, assisted with the application process, and given presentations
Rapids area companies are currently under review at IDED, with $1,395,000 in aid anticipated to be awarded to these companies in early fiscal year 2010.
in addition to assisting affected businesses, Priority One has helped new companies take shape after the flood as well. When Norwood Souvenir’s Cedar Rapids facility on F Ave NW was severely damaged by the flood, the company decided to relocate operations to another plant in Red Wing, MN. Shortly after the plant was closed, former Norwood employees approached Priority One to discuss the feasibility of starting their own company. In addition to investigating various financial aid opportunities, Priory One sought out the assistance of the entrepreneurial Development Center. Working hand-in-hand, Priority One and the EDC were able to assist with the opening of Cedar Crest Manufacturing in July of 2009. The locally owned and operated business will be a new writing instruments supplier to the promotion products industry, and create 40 to 50 new jobs over the next three years with an average annual salary of $40,700.
continued
Never forgetting
the impact of existing
industry.
pr
oje
Ct
S
8
Industry development
Eight years ago, the Cedar Rapids/Iowa City Technology Corridor was selected by the Iowa Department of economic Development to participate in an industry cluster study to better define the strengths and opportunities of the economy in our region. Based on the findings of that study, Priority One continues to focus on a collection of industries where our region has a track record of success and a story to tell.
Wind Energy
In fiscal year 2009, Priority One continued to develop relationships with suppliers in the wind energy industry. Staff members represented Priority One at several wind conferences, including Hannover Messe in Hannover, Germany, the American Wind Energy Association’s Windpower 2009 Exhibition in Chicago, and the husum Wind international trade Fair in Husum, Germany. Attendance at these events allows Priority One staff to maintain relationships with industry leaders, as well as connect with emerging companies looking for growth and expansion opportunities. Special attention is paid to European businesses, as countries like Germany, Denmark and the netherlands have been developing this industry for decades.
In May, Priority One, in partnership with the iowa Department of economic Development, Alliant Energy, MidAmerican Energy, and the Iowa City Area Development Group (ICAD), hosted 40 individuals from 25 Danish wind energy companies for a day long event in the Cedar Rapids/Iowa City Technology Corridor. the agenda included tours of Acciona and Clipper Windpower, as well as presentations by IDED, the University of Iowa, Kirkwood Community College, Priority One and iCAD. All 25 companies were exhibitors at Windpower 2009 in Chicago and made a special stop to our region to learn more about the growth of the wind energy industry in the Corridor.
Bio-processing/Food Ingredients•
Food Processing•
Logistics/Distribution•
Electronic Equipment •& Design
Insurance/Financial Services•
Wind Energy Component •Suppliers
and waste streams for our local companies.
the project was implemented to build on the success of several existing business-to-business relationships in our area. for example, J. Rettenmaier USA and SunOpta utilize oat hulls from Quaker Oats to produce dietary fiber; Red Star Yeast uses corn syrup from
ADM to manufacture yeast; and Bio-Springer will use Red Star’s yeast to produce yeast extract, a
key ingredient in many thickeners, emulsifiers
and flavorings used in food manufacturing.
pr
oje
Ct
S
Food and Industrial Bio-processing
During fiscal year 2009, Priority One and the University of Iowa’s Henry B. Tippie College of Business worked together to develop a database of by-products and waste streams from 25 large food processing, food ingredient and bio-processing companies located within the Cedar rapids area. the goal is to use the database to market by-products as raw materials for companies interested in locating in our community and to add value to by-products
Planting seeds for future growth.
10 11
Industry development
Eight years ago, the Cedar Rapids/Iowa City Technology Corridor was selected by the Iowa Department of economic Development to participate in an industry cluster study to better define the strengths and opportunities of the economy in our region. Based on the findings of that study, Priority One continues to focus on a collection of industries where our region has a track record of success and a story to tell.
Wind Energy
In fiscal year 2009, Priority One continued to develop relationships with suppliers in the wind energy industry. Staff members represented Priority One at several wind conferences, including Hannover Messe in Hannover, Germany, the American Wind Energy Association’s Windpower 2009 Exhibition in Chicago, and the husum Wind international trade Fair in Husum, Germany. Attendance at these events allows Priority One staff to maintain relationships with industry leaders, as well as connect with emerging companies looking for growth and expansion opportunities. Special attention is paid to European businesses, as countries like Germany, Denmark and the netherlands have been developing this industry for decades.
In May, Priority One, in partnership with the iowa Department of economic Development, Alliant Energy, MidAmerican Energy, and the Iowa City Area Development Group (ICAD), hosted 40 individuals from 25 Danish wind energy companies for a day long event in the Cedar Rapids/Iowa City Technology Corridor. the agenda included tours of Acciona and Clipper Windpower, as well as presentations by IDED, the University of Iowa, Kirkwood Community College, Priority One and iCAD. All 25 companies were exhibitors at Windpower 2009 in Chicago and made a special stop to our region to learn more about the growth of the wind energy industry in the Corridor.
Bio-processing/Food Ingredients•
Food Processing•
Logistics/Distribution•
Electronic Equipment •& Design
Insurance/Financial Services•
Wind Energy Component •Suppliers
and waste streams for our local companies.
the project was implemented to build on the success of several existing business-to-business relationships in our area. for example, J. Rettenmaier USA and SunOpta utilize oat hulls from Quaker Oats to produce dietary fiber; Red Star Yeast uses corn syrup from
ADM to manufacture yeast; and Bio-Springer will use Red Star’s yeast to produce yeast extract, a
key ingredient in many thickeners, emulsifiers
and flavorings used in food manufacturing.
pr
oje
Ct
S
Food and Industrial Bio-processing
During fiscal year 2009, Priority One and the University of Iowa’s Henry B. Tippie College of Business worked together to develop a database of by-products and waste streams from 25 large food processing, food ingredient and bio-processing companies located within the Cedar rapids area. the goal is to use the database to market by-products as raw materials for companies interested in locating in our community and to add value to by-products
Planting seeds for future growth.
10 11
State of the economy
iN 2008, THE CEDAR Rapids economy weathered not only a national recession, but faced a long road to flood recovery as well.
Despite the global financial crisis, companies like RF Micro Devices, APAC Customer Service, and GE Capital expanded their workforce, creating new high quality jobs; CCB Packaging and HJ Heinz were among local
companies announcing significant capital investments this past year.
The unemployment rate increased slightly from 2007 to 2008, but stayed below the state unemployment rate of 4.1% as well as the national unemployment rate of 5.8% over the same period. Construction valuations leveled off in 2008, falling back to 2006 levels. However, retail sales in Linn County continued to climb, reaching an all time high of 3.1 billion.
Focusing on the future.
2007 2008 Growth 2007 2008 Growth
Manufacturing Employment 21,900 22,400 + 2.3% 13,879,000 13,431,000 - 3.2%Non-Manufacturing Employment 115,900 117,100 + 1.0% 123,719,000 123,635,000 - 0.1%Unemployment Rate 3.8% 4.0% + 5.2% 4.6% 5.8% + 26.1%Resident Total Employment 137,800 139,500 + 1.2% 146,047,000 145,362,000 - 0.5%Resident Civilian Labor Force 143,200 145,400 + 1.5% 153,124,000 154,287,000 + 0.8%New Construction Valuations $218,030,843 $141,846,798 - 34.9% $1,150 billion $1,072 billion - 6.8%Single-Family Housing Permits 298 292 - 2.0% 979,900 575,600 - 41.3%Single-Family Housing Valuations $33,829,577 $30,247,877 - 10.6% $183.7 billion $110.7 billion - 39.7%Multi-Family Housing Permits 49 41 - 16.3% 418,600 329,800 - 21.2%Multi-Family Housing Valuations $14,418,797 $9,749,758 - 32.4% $41.6 billion $30.9 billion - 25.6%*Retail Sales (for Linn County only) $3.0 billion $3.1 billion + 3.2 $3,994 billion $3,959 billion - 0.9%
Note: The statistical data included in this report is one year in arrears.
national
St
at
e o
F t
He
eC
on
oM
y
unemployment (Major Midwest Metros)
Cedar Rapids
4.0
%
Iowa City
3.1
%
Des Moines
3.9
%
Dubuque
4.3
%
Wate
rloo
3.9
%
Iowa
4.1
%
U.S.
5.8
%
Cedar Rapids
6.4
%
Iowa City
5.0
%
Des Moines
6.0
%
Dubuque
6.5
%
Wate
rloo
6.0
%
Iowa
6.8
%
U.S.
9.7
%
Cedar Rapids
4.0
%
Chicago
6.2
%
Minneapolis
5.2
%
St. Louis
6.6
%
Milwaukee
4.8
%
Kansas City
5.7
%
U.S.
5.8
%
Cedar Rapids
6.4
%
Chicago
11 %
Minneapolis
8.5
%
St. Louis
9.9
%
Milwaukee
9.8
%
Kansas City
8.7
%
U.S.
9.7
%
Cedar Rapids
4.0
%
Chicago
6.2
%
Minneapolis
5.2
%
St. Louis
6.6
%
Milwaukee
4.8
%
Kansas City
5.7
%
U.S.
5.8
%
Cedar Rapids
6.4
%
Chicago
11 %
Minneapolis
8.5
%
St. Louis
9.9
%
Milwaukee
9.8
%
Kansas City
8.7
%
U.S.
9.7
%
Cedar Rapids
4.0
%
Iowa City
3.1
%
Des Moines
3.9
%
Dubuque
4.3
%
Wate
rloo
3.9
%
Iowa
4.1
%
U.S.
5.8
%
Cedar Rapids
6.4
%
Iowa City
5.0
%
Des Moines
6.0
%
Dubuque
6.5
%
Wate
rloo
6.0
%
Iowa
6.8
%
U.S.
9.7
%
2008
8 %
8 %
12 %
4 %
4 %
0 %
0 %
August 2009
2008 August 2009
unemployment (MSa)
Cedar rapids MSa
12 13
State of the economy
iN 2008, THE CEDAR Rapids economy weathered not only a national recession, but faced a long road to flood recovery as well.
Despite the global financial crisis, companies like RF Micro Devices, APAC Customer Service, and GE Capital expanded their workforce, creating new high quality jobs; CCB Packaging and HJ Heinz were among local
companies announcing significant capital investments this past year.
The unemployment rate increased slightly from 2007 to 2008, but stayed below the state unemployment rate of 4.1% as well as the national unemployment rate of 5.8% over the same period. Construction valuations leveled off in 2008, falling back to 2006 levels. However, retail sales in Linn County continued to climb, reaching an all time high of 3.1 billion.
Focusing on the future.
2007 2008 Growth 2007 2008 Growth
Manufacturing Employment 21,900 22,400 + 2.3% 13,879,000 13,431,000 - 3.2%Non-Manufacturing Employment 115,900 117,100 + 1.0% 123,719,000 123,635,000 - 0.1%Unemployment Rate 3.8% 4.0% + 5.2% 4.6% 5.8% + 26.1%Resident Total Employment 137,800 139,500 + 1.2% 146,047,000 145,362,000 - 0.5%Resident Civilian Labor Force 143,200 145,400 + 1.5% 153,124,000 154,287,000 + 0.8%New Construction Valuations $218,030,843 $141,846,798 - 34.9% $1,150 billion $1,072 billion - 6.8%Single-Family Housing Permits 298 292 - 2.0% 979,900 575,600 - 41.3%Single-Family Housing Valuations $33,829,577 $30,247,877 - 10.6% $183.7 billion $110.7 billion - 39.7%Multi-Family Housing Permits 49 41 - 16.3% 418,600 329,800 - 21.2%Multi-Family Housing Valuations $14,418,797 $9,749,758 - 32.4% $41.6 billion $30.9 billion - 25.6%*Retail Sales (for Linn County only) $3.0 billion $3.1 billion + 3.2 $3,994 billion $3,959 billion - 0.9%
Note: The statistical data included in this report is one year in arrears.
national
St
at
e o
F t
He
eC
on
oM
y
unemployment (Major Midwest Metros)
Cedar Rapids
4.0
%
Iowa City
3.1
%
Des Moines
3.9
%
Dubuque4
.3 %
Wate
rloo
3.9
%Iowa
4.1
%
U.S.
5.8
%
Cedar Rapids
6.4
%
Iowa City
5.0
%
Des Moines
6.0
%
Dubuque
6.5
%
Wate
rloo
6.0
%
Iowa
6.8
%
U.S.
9.7
%
Cedar Rapids
4.0
%
Chicago
6.2
%
Minneapolis
5.2
%
St. Louis
6.6
%
Milwaukee
4.8
%
Kansas City
5.7
%
U.S.
5.8
%
Cedar Rapids
6.4
%
Chicago
11 %
Minneapolis
8.5
%
St. Louis
9.9
%
Milwaukee
9.8
%
Kansas City
8.7
%U.S.
9.7
%
Cedar Rapids
4.0
%
Chicago
6.2
%
Minneapolis
5.2
%
St. Louis
6.6
%
Milwaukee
4.8
%
Kansas City
5.7
%
U.S.
5.8
%
Cedar Rapids
6.4
%
Chicago
11 %
Minneapolis
8.5
%
St. Louis
9.9
%
Milwaukee
9.8
%
Kansas City
8.7
%
U.S.9
.7 %
Cedar Rapids
4.0
%
Iowa City
3.1
%
Des Moines
3.9
%
Dubuque
4.3
%
Wate
rloo
3.9
%
Iowa4
.1 %
U.S.
5.8
%
Cedar Rapids
6.4
%
Iowa City
5.0
%
Des Moines
6.0
%
Dubuque
6.5
%
Wate
rloo
6.0
%
Iowa
6.8
%
U.S.
9.7
%
2008
8 %
8 %
12 %
4 %
4 %
0 %
0 %
August 2009
2008 August 2009
unemployment (MSa)
Cedar rapids MSa
12 13
Creation of 843 • direct jobs retention of 370 jobs• Creation of $24.5 • million of capital investment
economic Impact
tHE ECONOMIC impact analysis quantifies the extent to which Priority One’s attraction, expansion and retention
activities stimulate economic growth, generating employment, income and local business activity.
Priority One’s economic development activities in fiscal year 2009 (September 1, 2008 – August 31, 2009) generated considerable economic impact in the local economy. The organization’s accomplishments for this time period include 17 “projects” representing 15 different companies. Of the total:
13 were expansions and attractions • of businesses located in the Cedar rapids area
4 retentions •
One’s job creation activities. the calculations
were computed based on the following inputs:
The total impact of Priority One’s economic development efforts is calculated based on the IMPLAN (IMpact analysis for PLANning) economic model customized to reflect Cedar Rapids’ economy. Below is a summary of the economic impact of Priority One initiatives in terms of jobs, earnings, output and personal expenditures attributed to Priority One’s investments in FY 2009.
the economic impact of new jobs reaches far beyond the companies and industries that created these jobs. Various service industries that supply goods and services to these companies will have an impact as well. In addition, the economic activity generated via the induced impact (household expenditures) will have the largest effect on sectors in which firms sell directly to consumers. In fact, virtually all sectors of the local economy are influenced at some level by Priority
1 Direct Impact: the impact generated directly from the jobs created with the assistance of Priority One initiatives in FY 2009.
2 Indirect Impact: the changes in employment, income, and output (business sales) in various industry sectors of the local economy that supply goods and services to the companies that have expanded.
3 Induced Impact: the increased sales from household spending of the income earned on vari-ous supporting industry sectors of the local economy.
4 Output: total value of all of the goods and services produced in an entity’s/region’s economy.5 Disposable Personal Income: Personal income less personal tax and nontax payments.6 Personal Consumption Expenditures: disposable personal income less interest, personal
transfer payments & personal savings.7 Deposit Potential: personal savings rate less deposit leakage estimate with area turnover
(reserve requirement ratio).
Direct Impact1 Indirect Impact2 Induced Impact3 Total Impact4
Jobs 843 208 166 1,217Earnings $26,626,766 $7,844,690 $5,129,631 $39,601,087Output $97,937,394 $22,639,700 $15,918,638 $136,495,732
The new earnings are estimated to generate:
Disposable Personal Income 5 $33,660,924Personal Consumption Expenditures 6 $28,611,785Deposit Potential for Area Financial Institutions 7 $10,098,277
eC
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Mp
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Through the multiplier effect, investments in Priority One’s initiative supported the creation of a total of 1,217 total jobs in the region. This total job impact yields a multiplier of 1.44. That is, for every direct job created as a result of Priority One’s attraction and expansion efforts, an additional 0.44 job is created in the region’s economy.
Source: Economic Strategy Center, Atlanta, Georgia
the direct earnings were • calculated based on the average wage rate reported by each company
the personal consumption • expenditures and deposit potential for financial institutions were calculated based on national average rates
14 15
Creation of 843 • direct jobs retention of 370 jobs• Creation of $24.5 • million of capital investment
economic Impact
tHE ECONOMIC impact analysis quantifies the extent to which Priority One’s attraction, expansion and retention
activities stimulate economic growth, generating employment, income and local business activity.
Priority One’s economic development activities in fiscal year 2009 (September 1, 2008 – August 31, 2009) generated considerable economic impact in the local economy. The organization’s accomplishments for this time period include 17 “projects” representing 15 different companies. Of the total:
13 were expansions and attractions • of businesses located in the Cedar rapids area
4 retentions •
One’s job creation activities. the calculations
were computed based on the following inputs:
The total impact of Priority One’s economic development efforts is calculated based on the IMPLAN (IMpact analysis for PLANning) economic model customized to reflect Cedar Rapids’ economy. Below is a summary of the economic impact of Priority One initiatives in terms of jobs, earnings, output and personal expenditures attributed to Priority One’s investments in FY 2009.
the economic impact of new jobs reaches far beyond the companies and industries that created these jobs. Various service industries that supply goods and services to these companies will have an impact as well. In addition, the economic activity generated via the induced impact (household expenditures) will have the largest effect on sectors in which firms sell directly to consumers. In fact, virtually all sectors of the local economy are influenced at some level by Priority
1 Direct Impact: the impact generated directly from the jobs created with the assistance of Priority One initiatives in FY 2009.
2 Indirect Impact: the changes in employment, income, and output (business sales) in various industry sectors of the local economy that supply goods and services to the companies that have expanded.
3 Induced Impact: the increased sales from household spending of the income earned on vari-ous supporting industry sectors of the local economy.
4 Output: total value of all of the goods and services produced in an entity’s/region’s economy.5 Disposable Personal Income: Personal income less personal tax and nontax payments.6 Personal Consumption Expenditures: disposable personal income less interest, personal
transfer payments & personal savings.7 Deposit Potential: personal savings rate less deposit leakage estimate with area turnover
(reserve requirement ratio).
Direct Impact1 Indirect Impact2 Induced Impact3 Total Impact4
Jobs 843 208 166 1,217Earnings $26,626,766 $7,844,690 $5,129,631 $39,601,087Output $97,937,394 $22,639,700 $15,918,638 $136,495,732
The new earnings are estimated to generate:
Disposable Personal Income 5 $33,660,924Personal Consumption Expenditures 6 $28,611,785Deposit Potential for Area Financial Institutions 7 $10,098,277
eC
on
oM
IC I
Mp
aC
t
Through the multiplier effect, investments in Priority One’s initiative supported the creation of a total of 1,217 total jobs in the region. This total job impact yields a multiplier of 1.44. That is, for every direct job created as a result of Priority One’s attraction and expansion efforts, an additional 0.44 job is created in the region’s economy.
Source: Economic Strategy Center, Atlanta, Georgia
the direct earnings were • calculated based on the average wage rate reported by each company
the personal consumption • expenditures and deposit potential for financial institutions were calculated based on national average rates
14 15
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priority one Staff
Mark Seckman, President
Allen Merta, Vice President financial & Administrative Programs
Dennis Jordan, Vice President economic Development
Kari Stillman, Vice President Project Development & Marketing
Kari Lammer, Director Workforce Initiatives
Kathleen Pegg, Manager Communications & research
Jim Sullivan, Manager Existing Business Services
June Morrison, Administrative Manager
Actual
3
Goal
8
Actual
10Goal
30
Actual
$2
4,5
47
,00
0
Goal
$17
0,0
00
,00
0
10
Goal
30
recruitment of new Companies
assistance in expanion
new job Creation
jobs with pay at or above $17.50
Capital Investment
Actual
84
3
Goal
120
0
Actual
16%
Goal
50
%16 17
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priority one Staff
Mark Seckman, President
Allen Merta, Vice President financial & Administrative Programs
Dennis Jordan, Vice President economic Development
Kari Stillman, Vice President Project Development & Marketing
Kari Lammer, Director Workforce Initiatives
Kathleen Pegg, Manager Communications & research
Jim Sullivan, Manager Existing Business Services
June Morrison, Administrative Manager
Actual
3
Goal
8
Actual
10
Goal
30
Actual
$2
4,5
47
,00
0
Goal
$17
0,0
00
,00
0
10
Goal
30
recruitment of new Companies
assistance in expanion
new job Creation
jobs with pay at or above $17.50
Capital Investment
Actual
84
3
Goal
120
0
Actual
16%
Goal
50
%
16 17
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To Date
16
To Date
Goal
29
Campaign Goal
40
To Date
51
To Date
Goal
110
Campaign Goal
150
To Date
4,8
40
To Date
Goal
4,4
00
Campaign Goal
6,0
00
To Date
55
%
To Date
Goal
50%
Campaign Goal
50%
To Date
$1,
20
5,2
67
,00
0
To Date
Goal
$623
,333
,333
Campaign Goal
$8
50
,00
0,0
00
recruitment of new Companies
assistance in expanion
Business recruitment/expansion (by Industry)
Bio-Processing/Food Ingredient . . . . 19Food Processing . . . . . . . . . . . . . . . . . 6Logistics/Distribution . . . . . . . . . . . . . 7Process Manufacturing . . . . . . . . . . . 13Electronic Equipment & Design . . . . . 6Office/Professional . . . . . . . . . . . . . . 11Insurance/Financial . . . . . . . . . . . . . . . 2Service Sector . . . . . . . . . . . . . . . . . . . 2Wind Energy . . . . . . . . . . . . . . . . . . . . 2
Bio-Processing/Food Ingredient . . . . 346Food Processing . . . . . . . . . . . . . . . . 208Logistics/Distribution . . . . . . . . . . . . 144Process Manufacturing . . . . . . . . . . . 824Electronic Equipment & Design . . . . 955Office/Professional . . . . . . . . . . . . 1,668Insurance/Financial . . . . . . . . . . . . . . 550Service Sector . . . . . . . . . . . . . . . . . . . 16Wind Energy . . . . . . . . . . . . . . . . . . . 129
Bio-Processing/Food Ingredient
Food Processing
Logistics/Distribution
Process Manufacturing
Electronic Equipment & Design
Office/Professional
Insurance/Financial
Service Sector
Wind Energy
jobs Created (by Industry)
Capital Investment (by Industry)
new job Creation
jobs with pay at or above $17.50
Capital Investment
priorities 2010 accomplishments as of august 31, 2009Business developmentPriorities To Date: January 1, 2006 – August 31, 2009Priorities Campaign Goal: January 1, 2006 – December 31, 2010
$855,525,000
$90,100,000
$47,600,000
$64,997,000
$54,850,000
$63,445,000
$500,000
$2,450,000
$25,800,000
18 19
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To Date
16
To Date
Goal
29
Campaign Goal
40
To Date
51
To Date
Goal
110
Campaign Goal
150
To Date
4,8
40
To Date
Goal
4,4
00
Campaign Goal
6,0
00
To Date
55
%
To Date
Goal
50%
Campaign Goal
50%
To Date
$1,
20
5,2
67
,00
0
To Date
Goal
$623
,333
,333
Campaign Goal
$8
50
,00
0,0
00
recruitment of new Companies
assistance in expanion
Business recruitment/expansion (by Industry)
Bio-Processing/Food Ingredient . . . . 19Food Processing . . . . . . . . . . . . . . . . . 6Logistics/Distribution . . . . . . . . . . . . . 7Process Manufacturing . . . . . . . . . . . 13Electronic Equipment & Design . . . . . 6Office/Professional . . . . . . . . . . . . . . 11Insurance/Financial . . . . . . . . . . . . . . . 2Service Sector . . . . . . . . . . . . . . . . . . . 2Wind Energy . . . . . . . . . . . . . . . . . . . . 2
Bio-Processing/Food Ingredient . . . . 346Food Processing . . . . . . . . . . . . . . . . 208Logistics/Distribution . . . . . . . . . . . . 144Process Manufacturing . . . . . . . . . . . 824Electronic Equipment & Design . . . . 955Office/Professional . . . . . . . . . . . . 1,668Insurance/Financial . . . . . . . . . . . . . . 550Service Sector . . . . . . . . . . . . . . . . . . . 16Wind Energy . . . . . . . . . . . . . . . . . . . 129
Bio-Processing/Food Ingredient
Food Processing
Logistics/Distribution
Process Manufacturing
Electronic Equipment & Design
Office/Professional
Insurance/Financial
Service Sector
Wind Energy
jobs Created (by Industry)
Capital Investment (by Industry)
new job Creation
jobs with pay at or above $17.50
Capital Investment
priorities 2010 accomplishments as of august 31, 2009Business developmentPriorities To Date: January 1, 2006 – August 31, 2009Priorities Campaign Goal: January 1, 2006 – December 31, 2010
$855,525,000
$90,100,000
$47,600,000
$64,997,000
$54,850,000
$63,445,000
$500,000
$2,450,000
$25,800,000
18 19
Tom Aller, President/Interstate Power and Light Co., an Alliant Energy Co.
Georg Anderl, Vice President Engineering & Operations/DuPont Danisco Cellulosic Ethanol (DDCE)
Pat Baird, CEO/AEGON Insurance group
Lu Barron, Chair/Linn County Board of Supervisors
Barry Boyer, President & CEO/ Van Meter Industrial, Inc.
Steve Caves, Regional President/ U.S. Bank NA
Don Chizek, Director of Operations/Quaker Foods & Snacks, A Division of Pepsico Inc.
Jordan Cohen, Vice President for research and economic Development/The University of Iowa
*Jack Evans, President/ The Hall-Perrine Foundation
Steve Hammes, Steve Hammes Business Planning, retired MSM McGladrey
*Don Hattery, Retired Chairman/ Shive-Hattery Inc.
Tom Hayden, President/Shive-Hattery group
*Joe Hladky, Chairman of the Board/gazette Communications
*Jim Hoffman, Retired President/Allliant Energy Resources
Clay Jones, Chairman, President & CEO/Rockwell Collins, Inc.
*Barbara Knapp, Retired Chair & CeO/SCi financial group
Mark Long, Chair/Priority One, President/Wells Fargo Bank Cedar rapids
Dave Martin, Chair/Marion Economic Development Co. (MEDCO)
Shannon Meyer, President & CEO/Cedar rapids Area Chamber of Commerce
*Jim Nikrant, Vice President/ Corridor Management Co LLC
Chuck Peters, President & CEO/gazette Communications
Lon Pluckhahn, City Manager/ City of Marion
Jim Prosser, City Manager/ City of Cedar Rapids
Randy Ramlo, President & CEO/ united fire group
*Tom Reed, Retired President and General Manager/Penford Products Co.
Gary Rogers, City Administrator/ City of Hiawatha
Charles A. Rohde, President/King’s Material, Inc./Dakota Red Corporation
Ralph Russell, President/ Howard R. Green Company, CEO/ Green Companies, Inc.
*Frank Rydzewski, Faculty/Department of Marketing/The University of Iowa
Mark Seckman, President/Priority One
Kyle Skogman, Vice Chair/ Priority One, President/Skogman Homes
John Smith, President & CEO/ CrSt international inc.
Mick Starcevich, President/ Kirkwood Community College
Roger Stone, President/ Simmons Perrine Moyer Bergman P.L.C.
Gary Streit, President/ Shuttleworth & Ingersoll P.L.C.
Dan Thies, Chair/ eastern iowa Airport Commission
Jim Tinker, President Emeritus, Mercycare Service Corporation
Theodore Townsend, President & CEO/St. Luke’s Hospital
*Robert Verhille, General Agent Amerus/true north Companies
Allen Witt, Chair/Cedar Rapids Area Chamber of Commerce
Brandt Worley, President/ Worley Warehousing Inc.
* Advisory Council Member
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Tom Aller, President/Interstate Power and Light Co., an Alliant Energy Co.
Georg Anderl, Vice President Engineering & Operations/DuPont Danisco Cellulosic Ethanol (DDCE)
Pat Baird, CEO/AEGON Insurance group
Lu Barron, Chair/Linn County Board of Supervisors
Barry Boyer, President & CEO/ Van Meter Industrial, Inc.
Steve Caves, Regional President/ U.S. Bank NA
Don Chizek, Director of Operations/Quaker Foods & Snacks, A Division of Pepsico Inc.
Jordan Cohen, Vice President for research and economic Development/The University of Iowa
*Jack Evans, President/ The Hall-Perrine Foundation
Steve Hammes, Steve Hammes Business Planning, retired MSM McGladrey
*Don Hattery, Retired Chairman/ Shive-Hattery Inc.
Tom Hayden, President/Shive-Hattery group
*Joe Hladky, Chairman of the Board/gazette Communications
*Jim Hoffman, Retired President/Allliant Energy Resources
Clay Jones, Chairman, President & CEO/Rockwell Collins, Inc.
*Barbara Knapp, Retired Chair & CeO/SCi financial group
Mark Long, Chair/Priority One, President/Wells Fargo Bank Cedar rapids
Dave Martin, Chair/Marion Economic Development Co. (MEDCO)
Shannon Meyer, President & CEO/Cedar rapids Area Chamber of Commerce
*Jim Nikrant, Vice President/ Corridor Management Co LLC
Chuck Peters, President & CEO/gazette Communications
Lon Pluckhahn, City Manager/ City of Marion
Jim Prosser, City Manager/ City of Cedar Rapids
Randy Ramlo, President & CEO/ united fire group
*Tom Reed, Retired President and General Manager/Penford Products Co.
Gary Rogers, City Administrator/ City of Hiawatha
Charles A. Rohde, President/King’s Material, Inc./Dakota Red Corporation
Ralph Russell, President/ Howard R. Green Company, CEO/ Green Companies, Inc.
*Frank Rydzewski, Faculty/Department of Marketing/The University of Iowa
Mark Seckman, President/Priority One
Kyle Skogman, Vice Chair/ Priority One, President/Skogman Homes
John Smith, President & CEO/ CrSt international inc.
Mick Starcevich, President/ Kirkwood Community College
Roger Stone, President/ Simmons Perrine Moyer Bergman P.L.C.
Gary Streit, President/ Shuttleworth & Ingersoll P.L.C.
Dan Thies, Chair/ eastern iowa Airport Commission
Jim Tinker, President Emeritus, Mercycare Service Corporation
Theodore Townsend, President & CEO/St. Luke’s Hospital
*Robert Verhille, General Agent Amerus/true north Companies
Allen Witt, Chair/Cedar Rapids Area Chamber of Commerce
Brandt Worley, President/ Worley Warehousing Inc.
* Advisory Council Member
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424 first Avenue neCedar Rapids, Iowa 52401(319) 398-5317 phone(319) 398-5228 faxpriority1.com
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424 first Avenue neCedar Rapids, Iowa 52401(319) 398-5317 phone(319) 398-5228 faxpriority1.com
Designed by Big Behr Design Co. • Printed by J&A Printing