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HomeMy WebLinkAbout20. 14-544 DECEMBER 9, 2014 14-544 RESOLUTION (CARRIED__7-0_____LOST________LAID OVER________WITHDRAWN________) PURPOSE: APPROVE AGREEMENT WITH GO-EDC FOR ECONOMIC DEVELOPMENT SERVICES INITIATED BY: DEPARTMENT OF COMMUNITY DEVELOPMENT BE IT RESOLVED by the Common Council of the City of Oshkosh that the attached Agreement with Greater Oshkosh Economic Development Corporation (GO- EDC) to provide economic development technical assistance to further the overall goals of economic development in the greater Oshkosh area by facilitating job growth and investment through interagency cooperation and services is hereby approved and the proper City officials are hereby authorized to execute and deliver said Agreement in substantially the same form as attached hereto, any changes in the execution copy being deemed approved by their respective signatures, and said City officials are authorized and directed to take those steps necessary to implement the terms and conditions of the Agreement. � City of Oshkosh ` Community Development Department O HKO H 215 Church Avenue, Oshkosh,WI 54901 ON THE WATER TO: Honorable Mayor and Members of the Common Council FROM: Ailen Davis, Community Development Director DATE: December 3, 2014 SUBJECT: Contract with the Greater Oshkosh Economic Development Corporation (GO-EDC) Background The City's 2012 Strategic Plan identified the Economic Development goals of determining the optimal economic development structure and centralizes economic development. In 2012, the City's consultant, Prager &Associates, recommended a public-private partnership that would serve the economic development needs for the organizational structure and create a one-stop shop for economic development. In 2013, David Ward led a planning effort that authored a basic framework for a community-wide economic development mission including goals, objectives, and performance measures. As a result of the planning effort, a wide range of private and public organizations have developed and created the Greater Oshkosh Economic Development Corporation (GO-EDC), a public -private partnership. GO-EDC has been created to serve as the optimal structure, as a one-stop shop, and has incorporated the community-wide economic development goals and objectives into their By-Laws and Strategic Plan. Analysis The Prager Study recommended that a new public-private partnership be created to serve the economic development goals for the community. The requirements for the organization included: • Balanced Board of Directors • Widespread commitment from other organizations outside the control of any one current organization. • Centralized and unencumbered funding • PerFormance measures • Accountability • Systematic communication and transparency. • A robust Business Retention and Expansion program • A bold business attraction strategy GO-EDC has adopted By-laws, a Strategic Plan, a Staffing Plan, an Action Plan, and a budget. GO-EDC has also created multiple committees to coordinate fundraising, marketing, board development, and hiring. I believe GO-EDC has received the commitment and resources from private, not-for-profit, and public organizations in order to accomplish the structural goals the City had set out for economic development. Fiscal Impact The proposed City investment totals $166,000 and is a combination of City funds and Winnebago County Industrial Development Board (IDB) funds. The City funds budgeted in the 2015 Operation budget totals $166,000 for contractual services and contract employment. Ms Brenda Hicks-Sorensen's contract with the City as Interim Economic Development Manager will end on December 31, 2014. The proposed GO-EDC contract will pass through the County's $1.00/capita funding of $66,400 to GO-EDC. The additional $99,600 in funding of$1.50/capita will come from City funds. The City's 2015 budget includes this funding. The Term for the Contract would be for three years with 2 one-year option years. The City's investment will be reflected in future budget years. Recommendation The City Council approves the GO-EDC contract. Approved, ���----�-_. ��-��.. Mark Rohloff, City Manager Gr+�at�r C}��,k�sh ,,,�, Ecc�nom�e �3�v��c��m�n� Gorp�aratic�n December 5,2014 Dr. Burk Tower, Mayor; Members of the City Council; and Mr. Mark Rohloff,City Manager City of Oshkosh 215 Church Avenue P.O. Box 1130 Oshkosh,WI 54903-1130 Dear Mayor Tower, Members of the City Council,and Mr. Rohloff: Greater Oshkosh Economic Development Corporation (GO-EDC)was created in 2014 to promote comprehensive and integrated economic development for the Oshkosh area. With strong and renewed energy,this focused leadership and advocacy supports efforts to expand and diversify the regional economic base. Of utmost importance to GO-EDC is to bring a "one-stop-shopping"mentality to economic development as well as to leverage the power of public-private partnerships. Following these unique attributes,the GO-EDC Board of Directors, comprised of private business and public entities,expects economic development in the Oshkosh area to be straightforward and seamless. GO-EDC approved a strategic plan in August 2014,compiling recommendations from various studies,reports,and collaborative committee efforts. The plan outlines five strategies for success as well as key metrics. Specifically, by the end of 2017 GO-EDC will— • Complete,either directly or with partners, 150 company visits and calls annually. • Assist existing businesses to increase capital investment by$75 million. • Assist businesses in creating 1,000 new jobs, matching the greater Oshkosh area's labor force and training capacity. Targeted wage rates will exceed the median hourly wage. (The median hourly wage was$16.45 according to the May 2013 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates.) • Create a balanced industry mix targeting identified industry clusters and companies in the greater Oshkosh area. • GO-EDC will track key measurements to garner an overall sense of how the greater Oshkosh area is doing. The entire strategic plan,as well as a comprehensive roster of our governing board,committees and economic development partners, is available at the GO-EDC website—www.go-edc.com. Only with strong partnerships and financial support from organizations such as yours can GO-EDC achieve the objectives stated above as well as those outlined in the strategic plan. As such,we respectfully request an investment from the City of Oshkosh as outlined in the attached agreement. GO-EDC in turn agrees to provide direct economic development technical assistance and services to the City of Oshkosh in accordance with the adopted GO-EDC Strategic Plan and outlined in the attached agreement. Thank you for your passion for economic development and commitment to the Oshkosh area. The time is now for Oshkosh to build upon past successes,and we're proud and determined to develop our own success through the GO-EDC philosophy. Regards, William F.Wyman Chairman,GO-EDC Board of Directors AGREEMENT This agreement is between the City of Oshkosh, hereinafter the "City" and the Greater Oshkosh Economic Development Corporation, hereinafter the"GO-EDC". In accordance with this agreement,GO-EDC agrees to provide economic development technical assistance to the City,to coordinate this assistance with designated City staff and City Council, and to implement the activities set forth herein. PURPOSE The purpose of the agreement is to further the overall goals of economic development in the greater Oshkosh area by facilitating job growth and investment through interagency cooperation and services provided by GO- EDC. AGREEMENT GO-EDC agrees to provide direct economic development technical assistance to the City in accordance with the adopted GO-EDC Strategic Plan. GO-EDC will act as the City's economic development advocate. GO-EDC, along with City staff members, will expend its best efforts to promote economic development including the recruitment, retention and expansion of business within the City and greater Oshkosh area. The economic development services to be provided by the GO-EDC will consist of the following: Existin�Business Development 1. Conduct an on-going business retention and expansion (BRE) program utilizing a BRE Software System that will include a comprehensive interview with prominent industries within the City of Oshkosh and greater Oshkosh area. GO-EDC will contact the City relative to any significant concerns. The efforts will be done in coordination with the Account Management strategies in place within the City of Oshkosh. 2. Assist existing businesses upon direct contact or referral from the City Council and/or staff and report findings and resolution to the respective party. When meeting with local companies, GO-EDC will provide information on existing local, state and federal economic development assistance programs that provide funding to local businesses.These programs include low-interest loans,tax credit programs and workforce development assistance. GO-EDC staff will also provide referrals to other organizations that can meet the needs of the business. 3. GO-EDC will promote international business opportunities as appropriate. 4. GO-EDC will pursue a targeted industry approach to strengthen competitiveness of core industries in the greater Oshkosh area. Activities include: • Identify and evaluate market opportunities and requirements in the local and regional supply chains for identified industry clusters. • Collaborate with industry experts, including educational partners,to form or enhance targeted industry roundtables, councils or other initiatives. • Identify opportunities to collaborate on targeted industry efforts with appropriate partners including, but not limited to,the Wisconsin Economic Development Corporation (WEDC),the New North, and Northeast Wisconsin Regional Economic Partnership (NEWREP), and build upon previous targeted industry studies. Business Attraction 5. GO-EDC will collect and utilize data to develop a comprehensive targeted business recruitment program, with full implementation in 2016. 6. GO-EDC will provide assistance through the development of customized proposals to businesses interested in establishing a location within the City of Oshkosh upon direct contact or referral from the City Council or City staff,or other reliable sources. This activity will be reported upon, in aggregate, as part of this agreement's semi-annual reports. 7. GO-EDC will build the capacity of the organization and partners to respond to business attraction efforts. 8. GO-EDC will maintain and increase relationship-based outreach strategies to site location consultants and realtors. Marketin�Activities 9. GO-EDC will develop targeted communications tools to reach stakeholders to garner on-going support for economic development efforts in the greater Oshkosh area. Activities,and frequency of such,will include: Annually: • Presentations to Civic Clubs • Economic Development Partners Board Meetings and/or Appropriate Events • City Council/Town Board/County Board Briefings • Guest Column • Investor Meetings Quarterly: • Scheduled Radio Show • Newsletter • Updates regarding Metrics As Appropriate: • Social Media • Press Releases 10. GO-EDC will develop and implement a marketing plan that utilizes media and public relations relationships designed to increase the awareness of GO-EDC's comprehensive services and to reflect a positive image of doing business in the greater Oshkosh area. 11. GO-EDC will ensure that its website is both a reflection of the collaborative and high quality organization, as well as be a client-centered resource containing quality information. 12. GO-EDC will secure earned media placements at least once per quarter in local new media outlets to showcase the greater Oshkosh area's businesses or citizens,framed in a positive light. 13. GO-EDC will pursue opportunities to inform and educate area service providers(i.e.accountants, attorneys, lenders)about the client services provided by GO-EDC to encourage client referrals. Workforce Development 14. GO-EDC will engage local, regional, and statewide partners to ensure a technically educated,diverse and skilled workforce to support the businesses in the greater Oshkosh area. • GO-EDC will meet with education partners to learn about programs, service, and partnership opportunities and ensure collaboration at all levels of education within the greater Oshkosh area. • GO-EDC will encourage and support business/education partnerships and apprenticeships. • GO-EDC will identify and participate in committees and boards fthat strive to address area workforce development needs. • As part of discussions with area businesses, GO-EDC will ask for information about future skill sets and other workforce needs. • GO-EDC will engage local and national union leadership to understand and address workforce needs. • GO-EDC will collaborate with state and other organizations to track workforce trends, including diversity. • GO-EDC will identify opportunities to support diverse,youth, disabled, and veteran initiatives. Business Finance 15. Through business retention and recruitment activities, GO-EDC will provide existing and potential businesses with information and assistance relative to available state,federal and local business development financing programs. This activity includes providing business loans to businesses, as appropriate, utilizing appropriate GO-EDC staff to develop loan applications. 16. GO-EDC will administer the City-funded Revolving Loan Fund (RLF) in accordance with the approved program manual. GO-EDC will also seek creative ways to expand financing programs for all-sized businesses, including additional RLF's and risk capital. Capacitv Building 17. GO-EDC staff will meet with City of Oshkosh staff to understand economic development needs to ensure appropriate community or location-specific tools are implemented, as well as to provide support for economic development endeavors. 18. GO-EDC will support"place-based" economic development initiatives such as riverfront development and redevelopment efforts. 19. GO-EDC staff will partner with the Wisconsin Economic Development Association to offer the"Economic Development 101 for Local Officials" program to the City. 20. GO-EDC will provide written semi-annual reports to the City Manager and Director of Community Development. This activity will include a summary of the activities conducted during the reporting period. Additional Support Activities 21. GO-EDC will complete a benchmark analysis of similar communities. 22. GO-EDC will establish a scorecard relevant to identified metrics. This will be focused on quantifiable and measureable outcomes as well as provide results-oriented data to investors, such as the City of Oshkosh. 23. GO-EDC will implement systems and tools in order to conduct an economic impact analysis for all investment-related decisions. 24. GO-EDC will track key measurements to garner an overall sense of how the greater Oshkosh area is doing. Such measurements may include, but are not limited to: � Commercial and industrial vacancy rates • Number and square footage of buildings and sites available • Number and square footage of buildings and sites sold as well as comparisons to other communities within Wisconsin � Change in number of businesses and diversity by type or industry • Change in per capita household income • Change of families below poverty level or on public assistance • Total unemployment and unemployment rate • Equalized property values and change in tax base • New construction values • Change in average housing value • Gross County Product • Industry employment by sector • Retention of post-secondary graduates in the area 25. GO-EDC will maintain an inventory of available sites and buildings in the City of Oshkosh and greater Oshkosh area and make that information available via the GO-EDC website. Additionally,GO-EDC will implement a system for providing this information to interested parties. GO-EDC will work with the City to develop marketing materials for targeted sites and targeted opportunities. TERM This Agreement shall commence on January 1, 2015 and shall terminate on December 31, 2017. The Agreement shall then automatically renew for two additional one year periods unless terminated by one of the parties by giving written notice to the other party no later than June 30th of the preceding year for the following one year extension. TERMINATION This agreement may be terminated by either party upon thirty(30) days written notice in the event of default by the other party of any material provision hereof which remains unremedied for thirty(30) days following written notice of such default. COMPENSATION The City shall pay to GO-EDC$1.50 per capita based upon the last year's population estimate for each year that this Agreement is in effect, as determined by the State of Wisconsin Department of Administration Demographic Services Centerl. For 2015,the estimated cost shall be $99,618.00 based upon the January 1, 2014 population estimate of 66,412. In addition to the per capita payment directly from the City,the City will contribute the City's share up to$1.00 per capita of the Per Capita Economic Development Allocation from Winnebago County to GO-EDC for each year that this Agreement is in effect to support economic development and projects as outlined in this Agreement. FUTURE ASSIGNMENT OF RESPONSIBILITY FOR MANAGEMENT AND ADMINISTRATION OF INDUSTRIAL, BUSINESS PARK AND REDEVELOPMENT SITES At the City's discretion the City may assign marketing,sales, restrictive covenant enforcement, site plan review for restrictive covenant compliance and other management and administrative tasks related to the City's industrial parks, business parks and redevelopment sites to GO-EDC. If an assignment is made,the City and Go-EDC shall mutually determine a starting date for such assignment, goals and expectations, as well as additional compensation for such functions, if necessary. INDEPENDENT CONTRACTOR GO-EDC shall be an independent contractor of the City. Neither GO-EDC nor any of its officers, employees,or agents shall be considered to be an employee of the City as a result of the obligations undertaken pursuant to this agreement. GO-EDC's officers, employees and agents shall make no commitments or representation on behalf of the City to third parties without prior approval of the City. In addition,GO-EDC hereby holds harmless the City and its departments, officers, employees and agents from and against all claims,demands and liability for damages to third persons of any type whatever arising out of the actions of GO-EDC under this agreement. CONFIDENTIALITY GO-EDC Board members and staff will receive information on a regular basis which has been designated by GO-EDC or a third party as confidential. GO-EDC has determined it is vitally important to maintain confidentiality of information. GO-EDC requires all of its Board members and staff to agree to protect the confidential information that they have access to or use during their time with GO-EDC.This requirement is important to the credibility of the organization and to instilling confidence in GO-EDC for client companies and investors. GO-EDC is committed to open dialogue with City staff and City Council. However,there may be those occasions where confidentiality requirements restrict the sharing of such confidential information. 1 Source: http://www.doa.state.wi.us/Divisions/Inter�overnmental-Relations/Demo�raphic-Services-Center/Wisconsin-Poqulation- Housin�-Estimates/ LIABILITY INSURANCE GO-EDC agrees to abide by the attached City of Oshkosh Insurance Requirements for Professional Services. NOTICES All communications or notices required or permitted by this Agreement shall be in writing and shall be deemed to have been given: (i) upon delivery to an officer or the person entitled to such notice, if hand delivered,or(ii) two business days following deposit in the United States Mail, postage prepaid, or with a nationally recognized overnight commercial carrier that will certify as to the date and time of delivery,air bill prepaid, or(iii) upon transmission if by facsimile, any such communication or notice shall be addressed as follows, unless and until any such party notifies the other in accordance with this section of any change of address: If to the Citv: City of Oshkosh City Attorney's Office 215 Church Avenue Post Office Box 1130 Oshkosh,WI, 54903-1130 Attn: City Attorney Facsimile No. 920-236-5106 With a copv to: City of Oshkosh Community Development Director 215 Church Avenue Post Office Box 1130 Oshkosh,WI, 54903-1130 If to GO-EDC: Greater Oshkosh Economic Development Corporation 320 E. Parkway Avenue Oshkosh,WI 54901 Attn: Chairman of the Board ASSIGNMENT GO-EDC agrees that it will not assign this agreement or any portion thereof,or any of its responsibilities hereunder,to any other party without first obtaining the written permission of the City. [signature page to follow) IN WITNESS WHEREOF,the parties hereto have executed this agreement on the day of , 2014. GREATER OSHKOSH ECONOMIC DEVELOPMENT CORPORATION William F.Wyman CHAIRMAN OF THE BOARD CITY OF OSHKOSH Mark A. Rohloff CITY MANAGER PAMELA R. UBRIG CITY CLERK APPROVED AS TO FUNDING AVAILABILITY: TRENA LARSON, FINANCE DIRECTOR APPROVED AS TO FORM: LYNN LORENSON, CITY ATTORNEY