Sites I Follow
Search for Sales Center
Interesting articles about Economic Development
Social Media in Economic Development
CNN Money Rates the Best Jobs in America
http://money.cnn.com/magazines/moneymag/bestjobs/2009/qualitylife/index.html
City Planning did not make the top 50.
I concur with their assessment.
Peoria is Looking Good
http://economicdevelopmentnews.blogspot.com/
350,000 to 500,000 Sq Ft Building Needed
- Building size ~ 350,000 - 500,000 SF
- Site size ~ 50 - 100 acres
- Crane coverage ~ Approximately 50%
- Height under hook ~ 30 feet
- Minimum bridge crane capacity ~ 40 tons
- Rail ~ To site at grade
- United States or Mexico preferred
- No time for “build to suit” options
- Timeline - negotiate lease in December for March followed by installation of equipment beginning in April and operational later in 2010; willing to lease or purchase
- Power - the power installed for the last user should work well
Downtown Nashville - Downtown Peoria
Downtown Nashville has a great entertainment district. It looks a lot like Peoria, with the Main Street cascading down to the River. Of course, it is a much larger city and region, but it has the kind of dynamism that we would like to build in downtown Peoria.
http://www.thedistrictnashville.org/
http://www.vacationsmadeeasy.com/NashvilleTN/pointsOfInterest/RiverfrontParkinNashvilleTN.cfm
I like one page poster plans. A simple graphic, a brief summary of the plan, and a link to the internet where the plan is explained in more depth is a simple and effective way to provide information to citizens about plans.
Most people don't have the time or interest to read a long plan. The one page summary provides most of what most people want to know, with an explanation on line that provides more information for those who want to know more about the plan.
Thanks for the Past Four Years
Thanks for a great retirement party yesterday, and for making my tour of duty with the City very interesting and rewarding. I thoroughly enjoyed working for the City, and look forward to continuing to help the economic development and improvement of the City and the region as a citizen volunteer.
I believe we made the city a little better with our efforts to revitalize the Heart of Peoria. Many more projects are in the works, and will be developed in the next few years as we come out of the Great Recession.
My new phone number is 309 634 5557
My email remains the same
hullingerc@gmail.com
My wife Beth Ruyle and I are starting a small consulting firm in Peoria.
Read all about it at:
http://ruhu12.com
Pronounced Ru, hu, 1 , 2
I will keep all the Peoria Blogs that I have started up as a public service.
I will continue to post to the blogs under:
http://peoria.blog.com
http://cityofpeoria.blogspot.com
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TURN OVER FILE - DIRECTOR OF ECONOMIC DEVELOPMENT
Craig Hullinger AICP retires 6 November 2009. This is the summary of the turn over file. The Department has outstanding people - three economic development specialists and an administrative assistant.
Feel free to call or email anytime:
309 634 5557 Hullingerc@gmail.com http://ruhu12.com/
Susan Schlupp has 11 years total with the department during two different periods, and 16 years total with the city. She has the most knowledge of Economic Development in the city, and is the senior person in the department.
w 309 494 8644 c 309 453 6843
Bobby Gray has over 3 years with the Department and 5 with the city. He is very capable. He has a very substantial knowledge of the city, and is the second senior specialist in the department.
w 309 494 8641 c 309 645 5744
Rachael Parker has 3 years with the Department and 8 years with the EDC. She has an excellent retail and regional economic development background, and manages our loan programs and Enterprise Zone.
w 309 494-8646 c 309 645-0547
Stephanie Grayson Doss is our administrator, also working as a Development Specialist with 5 years with the department. She has an excellent knowledge of the city, public relations, and marketing.
w 309 494 8641 c 309 472 1335
MAJOR ASSIGNMENTS
Susan Schlupp is the lead specialist for a number of programs, including:
Real Estate Management
Budget
Project Management
Business Retention & Financial Incentive Programs
Enterprise Zone – Sales Tax, Property Tax Abatement, DZO
__________________
Bobby Gray is the lead specialist a number of programs, including:
TIF
Southern Gateway
Warehouse
Hotel and Hospitality Improvement Zone
Renaissance Park
__________________
Rachael Parker is the lead specialist a number of programs, including:
Façade Programs
Business Development Loans
Opportunity Center Project – Mixed Use Incubator
Impact Zones (School / Neighborhoods)
Enterprise Zone – Sales Tax
__________________
Stephanie Grayson Doss is the lead on
Administration
Software
Finance
Payroll
Commission & Committees
HULLINGER PROJECTS - WHO WILL ASSUME
Susan Schlupp
Real Estate Management
Council Exec sessions buy and sell real estate
Developer recruitment
Lawcon Grant – land replacement
Business Retention
Budget
Financial Incentive Programs
Developer recruitment
Advertising Enterprise Zone
Sales Tax, Property Tax,
DZO
Bobby Gray
PHA
Taft Redevelopment
Save The Date December 7, 2009 2:00 pm
40 Leaders Under 40 Honored
Congratulations to the 40 leaders under 40 recognized last night, especially our leaders in Economic Development and Government:
Chris Setti - City of Peoria
http://www.peoriamagazines.com/ibi/2009/nov/christopher-setti
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Jessica Moroz - Heartland EDC
http://www.peoriamagazines.com/ibi/2009/nov/jessica-moroz
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Scott Sorrel - County of Peoria
http://www.peoriamagazines.com/ibi/2009/nov/scott-sorrel
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Jennifer Daley - Morton Economic Development Council
http://www.peoriamagazines.com/ibi/2009/nov/jennifer-daly
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Pamela Anderson - City of Pekin
http://www.peoriamagazines.com/ibi/2009/nov/pamela-anderson
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More info at:
http://www.peoriamagazines.com/
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New Market Tax Credits
Great Lakes Capital Fund is a not for profit organization that applied for New Market Tax Credits to assist the Build the Block and Hotel projects in Peoria
They received $26,000,000 in New Market Tax Credits. Mr Sullivan will advise the city on the next steps.
The general guidelines are driven by the requirements of the U. S. Treasury department. Great Lakes Capital will use the New Markets Tax Credit allocation to provide a below market interest rate (and interest only) loan for 7 years. Final pricing will be determined based upon future interest rates but rates currently would be fixed at 3% to 4% interest rate.
Additionally, Great Lakes would allow for higher Loan to Value levels.
Downtown Peoria fits most of the categories below:
1) Projects are located in Low Income Communities. These are generally Census Tracts that are eligible for Community Development Block Grants funds.
2) serve low-income residents… i.e. if a project isn’t located in a LI Census Tract, but will provide jobs, goods & services to Low Income Residents, that could qualify as well
3) create jobs (esp. jobs for low income residents). A manufacturing operation that relocates to a LI Census Tract (or expands its facility that’s already in a LI area, would be a prime investment). Hotels provide jobs, neighborhood shopping centers provide jobs, goods & services, … etc.
4) revitalize low income communities (i.e. a mixed use project in a neighborhood or small town commercial district .. commercial 1st floor & apartments above).
5) Green developments (LEED certified and/or Alternative Energy projects)
6) Rural developments
7) At least $5 million in Total Dev. Costs
“GREEN” SCULPTURE PARK - PEORIA, ILLINOIS
A program modeled on the successful Sioux Falls, South Dakota program could be created. www.sculpturewalksiouxfalls.com . Each year new sculptures are displayed in downtown for one year, and become a tourist attraction. After one year the sculptures are replaced by new sculptures. The sculptures are for sale and people vote for their favorite.
The Civic Center could sponsor this event, with sculptures mounted in Civic Center green space. As the event grew it could cascade down Fulton and on to the Build the Block Campus. http://buildtheblock.com.
The sculptures would be a major tourist attraction.
125,000 Square Foot Building To Purchase
We have had an inquiry for a 125,000 sq. ft. building to purchase that is currently office space or something that can EASILY be retrofitted to office space. That is all we know.
If you know of a building that would work, please contact Beth Kolowski at The Economic Development Council for Central Illinois
The Heartland Partnership
100 SW Water Street
Peoria, IL 61602-1329
309-495-5973 - Office
309-256-9011 - Cell
www.edc.centralillinois.org
The EDC for Central Illinois is now on FACEBOOK! Join Facebook and become an EDC fan today.
TIF WORKS - TAX INCREMENT FINANCING PLAYS IN PEORIA
Warehouse TIF
LaVille De Maillet, L.L.C. *
JP Riverfront Development Comp, Inc. (Sullivan) Sealtest
Iron Front, L.L.C., (Huber) 408 Washington
Iron Front, L.L.C., (Huber) 412 Washington
Iron Front, L.L.C., (Huber) 420 Washington
Edgewater Building (Huber) River
Fastenal Company *
Drumheller Properties L.L.C *
D & B Developers, L.L.C. (Waterstreet Solutions)
B & L Sales *
Illinois Medical Clinic *
HIZ Pere Marquette Mariott Hotel
Eagleview
Behr Peoria, Inc. *
Martco, LTD (Laser Electric) *
JWE Properties/Engler Meier & Justice (Westmont) *
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Search for Engineering Design Center- 30K SF Office
An engineering and technical services firm is seeking a facility in Illinois to establish a new engineering design center. The company plans to employ 200+ workers.
Facility requirements:
� 30,000 square feet of office space for lease
� T-1 data communication line
� Controlled Environment for Servers; e.g., IT Center/Computer Control Room
� Electronic controlled security system; that is, an electronic system to control worker and other individuals entry into the company's premises
Location requirement: proposed facilities must be within a 30 minute driving distance of a university with engineering programs in mechanical and electrical engineering. The company will employ graduates of engineering programs as well as utilize current students. The company will also be interested in employing graduates and students of community college engineering programs as well.
Due to the engineering school requirement and other factors your regions and county (DeKalb) have been targeted. (The company is not interested in the Chicago Metro area because they are seeking a low cost location.)
Planned workforce breakdown:
25% mechanical engineers
25% electrical engineers
50% software related
Project timeframe:
� By the end of November identify a site
� December 2009 sign a lease and thereafter begin transforming the space to their specific requirements
� January commence operations in the facility
Please submit via e-mail information on facilities satisfying the above requirements and enrollment and graduate data for mechanical and electrical engineering programs within 30 minutes of the facility to david.pierson@illinois.gov by November 3, 2009. If information is available on graduates and students with backgrounds in software development for manufacturing applications, that would be helpful as well. Lastly, if there are incentives that may apply for this project, please identify them in the response.
Thank you in advance.
Dave
Dave Pierson
Economic Development Representative
IL Dept. of Commerce and Economic Opportunity
100 W. Randolph St., Suite 3-400
Chicago, IL 60601
Phone: 312-814-1346
Fax: 312-814-5247
E-mail: david.pierson@illinois.gov
Warehouse Brochure Map Updated
This is the 16th building approved for redevelopment or development with the last three years in the Tax Increment Financing (TIF) Districts - this during the Great Recession.
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Urbanophile
Build the Block Riverfront Solar Project
Community Renewable Energy Program
Build the Block: http://buildtheblock.com/
The City has purchased the two block site. Caterpillar has demolished the buildings and cleared the site. Environmental studies on the site are complete. The citizens of Peoria County have voted for a referendum approving a new special sales tax that will generate $40,000,000 for the development. The Lakeview Museum has conducted an extensive fund raising campaign.
The City will reconstruct three adjoining roads. The underground parking garage will be constructed first. The Museum will be built on the south side of the Block. The Caterpillar Visitor Center will be constructed on the north side of the Block, and is planned to be a LEED Platinum Building. Total investment is estimated at over $140,000,000.
The city proposes sites both on and off the build the block sites. Solar power would be provided to Build the Block and the City owned Visitor Center Building at Main Street and the River. This