Presenting October 23, 2015

Transcription

1 Presenting October 23, 2015

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3 Economic Developers from: MI Green Thumb I 69 International Trade Corridor

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5 Talent Tour Transportation Funding

6 Talent Tour Transportation Funding

7 Education Asset Mapping

8 Fiber Optics: Vision for the I 69 Thumb Region

9 Advertised Broadband Download Speeds

10 Craft Ag Strategy

11 Agribusiness Why Agribusiness? Significant strength in the region Forecasted to grow yield, freight volume, and value Strong connection to regional supply chain and talent New assets coming on line including KWA Pipeline Industry target in I 69 Thumb Regional Plan

12 Agribusiness New Regional Agribusiness Strategy Funded by MEDC in 2014 Conducted by Janet Ady, national site consultant Documented advantages and strengths Identified strategic opportunities Created target industry list

13 Agribusiness Agribusiness Opportunities Focus on the needs of existing agribusiness Devote resources to both craft and industrial firms Increase collaboration with ag association partners Recruit companies that fit different economic assets

14 Agribusiness Recommended Activities Increase awareness of services and strengths Support local firms marketing, technology, and talent Attract new firms value add processing with national/ international distribution Promote sites and infrastructure assets, support new facility construction Capitalize on talent and education resources

15 Agribusiness Strategies Agribusiness Attraction Targets Subsector Multiplier Ave Earnings Animal Feed 1.71 $35,784 Milling Grain & Oil Seed ,866 Dairy Processing ,676 Commercial Bakery ,834 Beverage ,724 Source: ESMI Data 2015

16 Regional Manufacturing Coalition Engage a Broad Base of Regional Manufacturers to Achieve Shared Goals Improve Image of Manufacturing in the Region Increase Volume of Workers Trained for Manufacturing Careers Harness and Influence Assistance Programs Education/Hiring/Training, Financial Support Strengthen Supply Chain and New Sales Opportunities Awareness of Local Company Capabilities TMI Climate Solutions Northgate Genesee Packaging General Motors Coffee Beanery Accu Shape Die Cutting TGI Direct Logofit Landaal Packaging MacArthur Corporation

17 Regional Manufacturing Coalition Public Awareness Campaign Post & Promote Positions on Web (mitalent.org) Develop Print & Video Promotional Content $50,000 Awarded To Our Region Introduce Students & Families To Manufacturing Careers Classroom Career Prep Visits; Plant Visits; Social Media Messaging; Speakers Bureau Seek Positive Media Coverage Press Releases & Business Interest Stories Host Events For National Manufacturing Day (October 2)

18 Lack of Available Industrial Square Footage in Region Strategy for Sites, Buildings and the Lack of Available Square Footage in the Region Analyze trends in prospect requests Determine site preparedness and viability of speculative building Analyze supply/demand and comparable transactions Position sites and market development opportunities Determine next steps

19 Industrial Square Footage Analysis 245 site inquiries to MEDC since Q required a building size greater than 50,000 sf. 6 current listings in Flint & Genesee greater than 50,000 sf. 40 industrial/commercial property sales since 2012 Avg. sale price of $31/sf MEDC Inquiries by Company Type Manufacturing/Assembly 2 10 Agribusiness 3 Call Center/Technical Center 11 Trans/Dist/Logistics 6 R&D 4 73 Utility/Power Headquarters/Office

20 Industrial Square Footage Analysis Available buildings as of June 2015 Reasons for Needing New Square Footage 1) Landing space for attraction companies 2) Growth space for retention clients 3) Indicator to investors that Flint & Genesee is a smart investment opportunity 4) Return blighted sites to production and heal the community!

21 Industrial Square Footage Analysis Target Audience 1) Developers 2) Site Selectors 3) Manufacturers 4) Grant Funders Key Points Modern facilities over 50,000 are not available Genesee County private investment is going up Inquiries for manufacturing facilities are on the rise, especially auto related Freight movement is projected to grow by several billion dollars through 2030 Sites with heavy infrastructure and transportation solutions are readily available Now is the time to invest!

22 Industrial Square Footage Analysis Next Steps Promote business case for new square footage construction Aggressively list and market land available for industrial development on Zoom Prospector ( Work with local municipalities to identify ways to shorten approval steps for development projects on key sites Identify areas that make sense to zone commercial or industrial and initiate the process. Identify partners that can assist

23 Anna Pinter, Planner III GLS Region V apinter@co.genesee.mi.us Justin Sprague, Director, Special Projects Flint & Genesee Chamber of Commerce Jsprague@FlintandGenesee.org