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HomeMy WebLinkAboutWorshop Greater Oshkosh Economic Development Corporation 2019 Report 1 1 Greater Oshkosh EDC Oshkosh Common Council Update March 10, 2020 OSHEK SH 3/5/2020 Where are we today on our Strategic Plan? • Second strategic plan • The first plan with staff • Re-establishes/refocuses priorities on current needs • Regional competitiveness I jEj JE=: • 2/3 through the three-year plan OSH H I A healthy and vibrant local economy depends on the well-being of a community's existing firms. The reasons are many: • Forty to eighty percent of all new jobs are created by existing firms. • Businesses that stay competitive are more likely to remain in the community and expand. • Retaining an existing business is generally easier than recruiting a new firm. • Firms considering relocating to an area will talk with existing firms. Odds are better of attracting new firms if existing ones are happy with the community. 2 3/5/2020 Initiative * 2 : Workforce 1 1 Retention: Attraction) The single greatest influencing factor as to how quickly the Greater Oshkosh economy will grow is workforce and talent development. The population of the Greater Oshkosh region is not growing at a fast pace, and a better match is needed for growing the pipeline of graduates entering into careers of demand by area employers. Due to its unique private-public collaborative structure, Greater Oshkosh is focused on being the connector among business, education and government in facilitating the solutions for our community's workforce needs. Initiative GrowthEntrepreneurial Greater Oshkosh believes in helping our own businesses grow and striving to keep them here. Our region has many high-growth, high-value, and mature business and industry. To become a more sustainable region, however, the greater Oshkosh needs to continue cultivating a culture of entrepreneurship and innovation, while growing a pipeline of new companies that want to start and grow in our community, including graduating students. 3 3/5/2020 1 I o • In order to build upon the core strengths of greater Oshkosh and achieve diversity within the economic base of the community, Greater Oshkosh will lead targeted industry development, collaborate with complementary partners to achieve such aims, and be resourceful in anticipating new and innovative opportunity. The target segments primarily focus on manufacturing, IT, and aviation, but also downtown redevelopment, economic improvements in areas of economic distress, and blight elimination. Total Exports DISA 2014 2015 2016 2017 2018 Fond(ILL Lac;WI $559,n711,644 $5R3,1 An - 5553,srz43z5 $667,4zz,R36 $7 ,311454rz Shehuygacc WI 5709,337465 $685,6o7431 $679,SM,844 $714035,531 5355437,935 Appleton;WI 1918,n13,3nn .}R3",R)3,45( 1,n23,191,n91 s1,nR4,n23,1172 $1,n55,53n,""4 Wausau;WI $178­"83,z71 $z7z,736,z17 $z68,965,z7o $301,o39,4z7 S319,581,57o Green Bay;WI WSS,1543111 j96R,13inrz9 s1,n44,n44,27n 1,n54R4G,733 $4n44259,7 2 Madison;WI s2,369,454223 s2,28n,447,534 $2,2n4R29,9n3 $2,1R7,-A,343 s2411n,192,222 Racine'WI s1 006 ,- $ir, 6 s10 7,r,so s1, z1,o s1.z..7 63 Oshkosh-Neenah,�VI $ 3,�o8,G65 $�,3=-,9G6,004 $�,3o i;•53,9Gi $�,7��,550,494 $ -5,631,498 Eau Claire;WI $-98,1z9,7o7 $R13 zb,417 57'7,3o1,338 5670,344,314 4 Janesville-Beloit;WI 5974,675,466 $966,051 19 $1-9,576,513 $1,o122,71z,761 $Rz5,Ro3,R91 M ilwauk—Waukesha-West Allis;WI SR,�iy5,9Rz,137 $7,96367�i,rzR3 $7,z6�i,19R,167 $7,z79,nR5,�i35 �/,337,�izR,�i�iR La Crosse-Onalaska;Wl-MN S 115,597,751 $G19,Grz5,71in $553,G99,774 $537,44R,474 $515,63n,R66 Total Exports Oshkosh-Neenah MSA 1.800:000,oao i,6ao,000,000 1AD0, o o G?SQHEK S H goo,000,000 6q , , o ooS 2oa9 z _ 2 _ 014 z - a16 z - 2018 4 3/5/2020 Labor Force Participation Rate County 2008 2009 2010 2011 2012 2013 2014 2015 2o16 2017 2018 Dane 79.10% 78.40% 77.60% 75.3n% 75.40% 75.6n% 75.8n% 76.00% 75.60% 75.90% 74.40% Outagamie 72.20% 72.90% 74.10% 73.00% 72.50% 72.20% 72.20% 72.00% 72.70% 73.00% 71.6o% Eau-Claire 72.90% 71.10% 71.80% 72.00% 72.50% 71.80% 71.30% 71.20% 71.20% 71.6o% 71.10% Brown 73 60% 74.in% 72.5n% 71.80% 71.40% 71.2n% 7n.yn% 7n.5n% 70.3n% 71.20% 70.8n% Fond du Lac 71.20% 70.00% 70.70% 70.6o% 70.20% 71.00% 70.90% 70.30% 70.20% 70.20% 70.00% La Crosse 2. o% 2. o% 72.10% o. o% 71.10% 1. o% 70.6o% o.lo% 70..SO% 70..SO% 6 .to% Winnebago 73-00% 72.90% 71.20% 70.20% 70.109/ 69.40% 68.90% 68.60% 69.40% 70.20% 68.8o% 1# 7 Sheboygan 71.80% 71.30% 67.40% 67.10% 66.nn% 6650% 67.90% GG.Sn% 68.50% 7n.nn% 68.80% Calumet 72.30% 72.50% 76.6o% 73.6o% 72.6o% 71.70% 70.80% 70.10% 69.50% 68.30% 67.20% Racine 66.9o% 66.70% 67.20% 67.6o% 67.40% 66.8o% 66.6o% 66.00% 66.io% 66.50% 65.50% Milwaukee 66.in% 65.60% 66.80% 65.50% 65.4n% 65.40% 65.30% 65.00% 65.10% 65.00% 63.yn% .... REA T E R OSHKr�SH Metropolitan Economic Strength Ranking MSA 2015 2o16 2017 2018 2019 2020 Madison,WI 16 16 12 13 12 10 Green Bay,WI 56 42 48 51 59 72 Appleton,WI 126 171 138 89 100 89 Milwaukee-Waukesha-West Allis,WI 82 93 50 71 89 96 Oshkosh-Neenah,WI 102 105 128 76 83 107 Eau Claire,WI 74 91 79 126 127 124 Sheboygan,WI 191 191 192 134 io6 125 La Crosse-Onalaska,WI-MN 138 177 121 125 153 151 Wausau,WI 145 142 124 162 159 171 Fond du Lac,WI 289 298 26o 202 215 199 Racine,WI 315 323 267 270 294 271 Janesville-Beloit,WI 305 333 353 321 3i8 325 OSWkie SH 5 1 1 Greater Oshkosh Business Growth TO WN OG CInY"TON ' MY J.J Stadler Machine A.Valley Popcorn [6,250 SF Expansion] [New Building&Expansion] ® K.Aviation Plaza:Extreme Customs& B.New Hydraulics Mineshaft [Relocation&Expansion] [Redevelopment] TOWN aT v N— C.Hometown Pharmacy a L.Tent&Awning [Business Attraction] vi GE'OF M EcoNNE [Relocation] ® B TOWN OF ' TOWNOF.—Il. D.Switchgear wiNNECcu M.Viking Electric [New Building&Expansion] [9,000 SF Expansion] E.Powergrid Solutions m E N.4imprint F [21,000 SF Expansion] [87,500 SF Expansion] c1TY OF OMRO TOwA�F, G F.Panolam:Parker Hannifin ALGOMA Ha O.Shea Electric [Campus Renovation] K­Y oi`Q'--H [Relocation&Expansion] TOWN as OMRO G.Oshkosh Corporation N M ©E P.Alro Steel Headquarters o, JP 4 [195,00 SF Expansion] [191,000 SF Campus] TQi OF NEPEU5KUN Evco H.Oshkosh Food Co-Op 'ow OF UTICA [31,000 SF Expansion] [New Development] To F EK4M' R _ R.Vines&Rushes I.MToxins Venom Lab TOWN OF BLACK WOLF [Solar Project] [New Business&renovation] / .ram l 1 �fi T i 3/S/2020 I Workforce Development Projects • Winnebago Catch-A-Ride • Amtrak Connection • Talent Take-Off • CESA 6 Advisory Committee • Diversity and Inclusion _ 3111(l • Wave Robotics • Mission Wisconsinlw F•�'g��.,.�ESA 63, • Justice Support Services Center YASGDTBECRETA O S wK:>S H Wave Robotics '----'Wave K-12 STEM Programs 7 3/5/2020 Winnebago CATCH-A-RIDE ipril 2019—December 2019 43 riders served • 2,232-rides provided for employment • 3-year commitment through a grant from the Basic Needs Giving Partnership, a collaboration between U.S.Venture Fund and other organizations aimed at eliminating poverty G R E A T OSHK,`►SH Housing Multi-family OSHEK`sH 8 3/S/2020 Entrepreneurial Programs WIS ONSIN gOETASUPPLIER NETWORK nftwe Wisconsin International Trade Center LLC center Center for MOS H KOS H- TA Entrepreneurship because race matters • • • Small Business Development Center O SAHEK� -S H BR&E Program kSYNCHRONIST • Met with 21 businesses • All but one company have shared concerns regarding workforce development and availability of future employees • Companies are operating 8%- 1i%underemployed • Growth of single-family housing is a major concern • Respondents want city leadership to adopt a new competitive vision for future planning • Positive feedback regarding city services OSHEKO�SH 9 3/S/2020 RLF & Capital Catalyst Since creation: • $815,000 awarded total GREATER OSHKOSH REVOLVING o RLF: $405,000 LOAN FUND o Capital Catalyst: $410,000 GREATER OSHKOSH CAPITAL CATALYST FUND G R E A T E R OSHK,`►SH RLF & Capital Catalyst 2019 Loans&Grants • $345,000 awarded in loans - - • $3o,000 awarded in grants = • Businesses:New Hydraulics(RLF), 71 Silver Creek Specialty Meats (RLF), rr Thunderbird Bakery(CC), RG Manufacturing(CC),Ardent Fitness (RLF),and MToxins Venom Lab (CC) OSHEK SH 10 3/5/2020 Revolving Loan Fund: -A AREIENT Ardent Fitness: • Awarded Greater Oshkosh Revolving Loan Fund loan to locate in the central city and T develop a non-profit to provide fitness engaged after school tutoring program H New Hydraulics: YDRAULIC= • Awarded funding to assist with relocation _ . and build out,also received a loan from a local lender. Silver Creek Specialty Meats: • Awarded Greater Oshkosh Revolving Loan Fund loan to acquire equipment b �_ lip -4 O S'HEK► o-S H 9t BRKERY Capital Catalyst: �� Thunderbird Bakery: • Received loan and grant from Greater T Oshkosh Capital Catalyst Fund and an ;, ;' additional loan from a local lender. MToxins Venom Lab: • Received loan and grant from Greater Oshkosh Capital Catalyst Fund and an additional loan for building purchase. OSHEK -�SH 11 3/S/2020 Property Searches January 2019—December 2019 Total Property Searches: 30 • Total Building Searches: 18 • Total Site Searches: 14 Nate thatsomepraspecLreguested bath site andbuilding options Total Properties Submitted: 98 • • • Total Buildings Submitted: 50 M E N • Total Sites Submitted: 54 Total City Properties Submitted: z6 G R E A T E R 1j*. OSHK,`►SH a s• Targeted Industry Development a z3 . 3iv°sawx • • Opportunity Zones • Oshkosh Food Co-op . 3 • Aviation Business Park Taxiway neat • Wittman Airport Terminal • Enhanced Internet Speed& Connectivity �I PP �. O S HEK - S H 12 3/5/2020 Workshops in 2019 • Entrepreneurship Breakfast • Global Export Workshop • Opportunity Zone Workshop • gBeta Pitch Practice Workshop 7 O SAHEK .S H 13 1 Jason White Audra Hoy Art Rathjen rcia Rathermel Chief Executive Director of Business& Director of Sh•ategic Director of Economic Officer Economic Development Init, Development 111111�\� Andrea Fietzer Becky Payne Julia Steffes Communications& Administrative Project&Research Research Manager Assistant Assistant 13 3/5/2020 Board of Directors Brad Baumann Jim Fletcher Diane Penzenstadler Ken Arneson Mark Harris David Porter Tom Castle Steve Hoopman Mark Rohloff Stan Leedle Rob Keller Gina Schwanke Javad Ahmad Melissa Kohn Courtney Shears Amy Albright Darren Lett Burk Tower Joel Burow Dennis Lewandowski Wayne Trembly Vickie Cartwright John Newman Bill Wyman Kristin Fass 'nder Casey Niemuth G R E A T E R 0SHKfSH Next Steps • Adopt New Strategic Plan • Ramp Up Business Retention &Expansion Program • Maintain Success Administering RLF/Capital Catalyst Program • Sustainability and Engagement OSHEK -►SH 14 1 1 G B E A T E R is Mirrorless LMoP roductions O$H K+�S H