arts mean business one a
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Arts and Business Program for Leadership Hamilton and West ChesterTRANSCRIPT
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Quality of Life – The Arts ---- Connects the Community
THE ARTS MEAN BUSINESS
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The Arts Mean Business
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The Arts Means Business
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The Arts Builds Leaders
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The Importance of the Arts
“In my own philanthropy and business endeavors, I have seen the critical role that the arts play in stimulating creativity and in developing vital communities. As this study indicates, the arts have a crucial impact on our economy and are an important catalyst for learning, discovery, and achievement in our country.” Paul Allen – Co-Founder Microsoft
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Riverfront Arts District in Hamilton
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Economic Development Impact of Arts
55,000 to 75,000 program participants
Over $5M in funds brought into the local and regional economy
Access to the Arts improves the quality of life
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The Arts Economic Impact - National
1
2
3
4
0 20 40 60 80 100 120
Arts Economic Impact
2005
2000
Organization Expenditures
Audience Expenditures
Organization Expenditures
Audience Expenditures
Billions of Dollars
$63.1
$103.18
$53.2
$80.8
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Butler County Community Art Centers
and Arts Resources
Fairfield
Middletown
Hamilton
Butler County
Oxford
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Fairfield’s Village Green
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Regional Economic Development
Fitton Center for Creative Arts Middletown Arts Center and the Pendleton
Arts Center in Middletown Fairfield Community Arts Center The Arts Council of West Chester and Liberty Oxford Community Arts Center
Art Investment and Resources in Butler County
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Regional Art SW Ohio
Cincinnati Contemporary Art Center
Dayton Art Institute
Art Institute of Cincinnati
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Use powers to enhance, support, facilitate and coordinate the economic health of Butler County
Butler County Port Authority Mission
BCPA Board Meetingin St. Clair Township
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Ohio Port Authority Projects
Music - Arts -Entertainment
Sports Akron Civic Theater
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Port Authorities in Ohio
Ohio Revised Code 4582Broad powers under ORC 4582: Allows transactions, grants, sales tax and financing cost savings
Established financing and project development capability in the late 1980’s
BCPA started in 2004 and operational in 2005.
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Butler County Port Authority ProjectsProjects 2005 to 2010 Projects
Quaker Chemical Middletown Regional
Hospital Deconstruction YMCA Electric Lock Switch – Rail Intermodal Rail Study Intelligrated Greenwood Fuels
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Butler County Port Authority
Ohio Revised Code Section 4582 Provides bond funding for projects in Ohio Revised Code 4582Broad powers under ORC 4582: Allows transactions, grants, sales tax and financing cost savings
Established financing and project development capability in the late 1980’s
BCPA started in 2004 and operational in 2005
Conduit Financing Off Balance Sheet financing as owner
of facility Third Party Grant Management During construction Port ownership of
property can provide sales tax savings $3M and larger Transactions
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Types of Organizations for Port Authority Projects
Port Authority
Not for Profits
For Profits Private Sector
Institutions and Healthcare
Rail Project Car Rebate and
Grants
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Commercial Lending and Funding Categories
1. Economic Development Organizations and Banks – private and public ---- CDC example
2. Angel Investors and Venture Capitals3. Investment Bankers4. Public Markets
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American Recovery & Reinvestment Act of 2009
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Strategy and Funding Process
Local PrivateState Non-ProfitFederal Institutions
American Recovery & Reinvestment Act Walkable Waterfronts and ODOT funding
Collaborative Partnerships to develop projects with Institutional partners
Policy
Strategy
Funding
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Strategy
Funding for Project
Development
Funding Sources:Ohio Dept. of Development, Ohio Dept. of Transportation, Ohio Rail Development Commission – freight and intermodal
Clean Ohio Revitalization Funds, ORDC Grant, BRLF, USEPA , Bonds
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Example: Strategy for USEPA Grants
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BCPA Transactions
Economic Development
Banks
PartnersThe Arts
ODOD
CustomerExpectations
Meeting Customer Expectations
Financing Projects
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Benefits of PA Financing and Programs
New jobs New payroll dollars New sales tax revenues New health care and
educational resources for the community
New construction job opportunities
New investment
The Goal: Benefits to Butler County
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Quality of Life Redevelopment & Development in Butler County
Riverfront Arts District, ArtSpace, RiversEdge, Boathouse, Riverside Riverwalk
Pendleton Arts Center in Middletown and Downtown Redevelopment
Middletown, Hamilton, Fairfield and Trenton - Bike Path for Riverfront
Oxford Arts Center and the Art Council of West Chester and Liberty
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The Arts, Riverfronts, Recreation and Outdoor Pursuits, Health and Wellness,
Education
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Fairfield and Middletown Redevelopment
Patterson Place Redevelopment in Fairfield Pendleton Art Center in Middletown
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Butler County
Aquifer and Water Rail and Interstate Access Education Resources Quality of Life Opportunities in the Arts "Liveability" is what Butler County is all about. The county's
desirable location along Interstate-75; healthy mix of businesses and services; strong educational network; accountable government; and array of cultural, civic and recreational offerings make Butler County one of the most exciting growth areas in Ohio and the Midwest.
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The Arts Mean Business Key Points Strategy – Sources and Uses of Funds The Port Authority can do a wide range of projects Importance of the Arts and Quality of Life Projects
for the future of Butler County and the region Leadership Means Action -Support Strategic
Planning Organizations such as CICs, Chambers, Economic Development Organizations and Planning Departments
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• Pepsi• The Fitton Center for the Creative Arts Staff • The Coach House Staff• The Greater Hamilton Chamber of Commerce and
Leadership Hamilton• The Butler County Port Authority Board• Judy Campbell and Brenda Myers
Recognition and Thank You