12/12/2018

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Greater Beloit EconomicDevelopment

GBEDC Annual Investors MeetingDecember 12, 2018

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12/12/2018

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• 132,000 SF Office Expansion

• New 4 story building

• $30,500,000 Investment

• 270 Associates will work there initiallywith projected growth up to 600

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ABC Supply Expansion

New Office 4 Story Office Building

12/12/2018

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New Office 4 Story Office Building

New Office 4 Story Office Building

12/12/2018

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New Office 4 Story Office Building

New Office 4 Story Office Building

12/12/2018

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• Manufacturer of High-Performance Residential Doorsrelocating from Rockford, IL

• Leasing 105K SF Spec Building II

• 16 Million Dollar Project

• 84 New Jobs

• WEDC Providing a $250K Tax Credit

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Seal-Rite Door

12/12/2018

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• Provides Support to the Pulp and Paper Industry

• Former Beloit Corp. Subsidiary

• Recently purchased and rehabbed 16200 Woodmint Lane in South Beloit –Relocated from Machesney Park

• 12K Building

• 17 Employees

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PMP Americas

• Significant MilestoneAchieved

• November Announcement

• Department of Interiorpublished the EIS in theFederal Register

• Public Hearing heldDecember 11th

• ETA for Federal Approval –April 2019?

• Governor Review <12 Months

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Beloit CasinoProject

12/12/2018

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City Center/Redevelopment Activity

Ironworks Pedestrian Bridge completed and dedicated to the public

12/12/2018

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• 500 Public Avenue

• 34 Room BoutiqueHotel

• Velvet Buffalo Café

• Rooftop MeetingSpace

• 35,000 SFRenovation

• $5.2 Million Project

• Open

Hotel Goodwin

•$5.5 Million Dollar Project

•26,000 SF

•Construction scheduled to be completed by Summer 2019

BMHS Master Plan - Phase I - WelcomeCenter Administration Offices

12/12/2018

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Continued Redevelopment of the IronworksIronTek Expansion

8K SF - Complete

(35 companies currently - waiting list of 18)

Ebates Expansion

25K-35K SF - Complete

Acculynx Expansion

12K-22K SF – Complete

First National Bank & Trust

22K SF - Complete

• Planning and fundraising phases complete - $38 Million

• 150,000 SF complete renovation

• Official demo/building phase began last summer

• Construction through 2018 - Complete by fall 2019

12/12/2018

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•Former Kerry manufacturing site

•Vacant 10+ years

•HCP is transforming the buildinginto a 72-unit upscale apartmentbuilding

•Studio, One, Two and Three-Bedrooms will be available

•Unique floor plans, amenities, andmaterials (brick, steel, etc.)

•$12 Million Investment

•Construction starts 2019

200 West GrandAvenue

Photo provided by the Beloit Daily News

Truk’t Street Tacos

• 443 East Grand Ave.

• International Tacos

• Tequila & Whiskey Bar

• Open

Blue Collar Coffee

• 408 Pleasant St.

• Unique/Specialty Coffees & Teas

• Craft Pastries

• Open

Combined creates new 50 jobs

Truk't Street Tacos and Blue Collar Coffee

12/12/2018

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IndustrialDevelopment

• Implementation of the North American Phase with over 70rollouts already taken place across the globe

• Program involves the standardization of business processes anddata via a global computer (SAP) System

• One of Kerry’s most significant capital investments everundertaken

• 120 additional staff members and 3rd party consultants

• Program will be headquartered in Beloit with the Kerry ConnectTeam occupying 25,000 SF at the Ironworks Complex

(SAP)= System, Applications, Products

Kerry GroupKerry Connect Program

12/12/2018

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Recently gained approval from the USDA to produce radioisotopes intheir RadioGenix System

Radioisotopes are used in 10 Million medical diagnostic procedures ayear in the US

Construction on Phase II including a 20,000 SF 50% complete

$9 Million Investment (building only)

NorthStar Medical Radioisotopes

A Pacific Bearing Company

• $10 Million Expansion Project of South Beloit Campus

• 66,000 SF New Building

• Manufacturing

• Office / Support

• Cafeteria

• $6.25 Million

• New Machinery & Equipment

• $3.75 Million

• 2 Year Project

• 70% Complete

12/12/2018

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Alliant Energy proposednatural gas-fueledgenerating station-Town of Beloit RiversideEnergy Center 730 Megawatt $700 Million investment60% CompleteCurrent onsite labor forceover 700Fully Operational by early2020

Riverside EnergyCenter

New 18,000 SF Engine Paint Shop

New Security Center

$2,750,000 Investment

Fairbanks Morse

12/12/2018

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LCS 29 TO BE NAMED USSBELOIT

Graphic provided by the U.S. Navy

This graphic illustration shows the future Independence-variant littoral combat ship USS Beloit. The new ship wasannounced October 9th by U.S. Sen. Tammy Baldwin, D-Wis.,and recognizes a partnership between Fairbanks Morse inBeloit and the U.S. Navy since 1938.

MARCIA ANDERSON

Retired U.S. Army Major General

Beloit Native

First Black Woman Promoted to Army Major General

Will participate in milestones in the life of the ship

Keel laying

Launching

Commissioning

Maintains a lifelong relationship with the ship and crew

USS BELOIT SPONSOR

12/12/2018

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COMMERCIAL/RETAIL ACTIVITY

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Casey’s GeneralStore

Town of Beloit

• 4,700SF

• Corner of PrairieAvenue and InmanParkway

• Opened November 9th

12/12/2018

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G5 Brewing Company

Craft micro brewery- restaurant/bar/beer garden

50-70 full and part-time employees

9,750 SF facility

$2.8 Million Investment

Construction underway

March opening

• New Holiday Inn Express Hotel• 6 Stories/84K SF• 124 Rooms• 3022 Ford Street (former Wickes Lumber site)• Outlot Development Opportunities• Under Construction – Open April 2019

KDN Hospitality

12/12/2018

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Beloit Hotel Group LLC

Hilton Home 2

(Extended Stay Hotel)

102 Rooms/64K SF

Adjacent to Hampton Inn

(Cranston/Milwaukee Road)

$11,200,000 Investment

Out lot DevelopmentOpportunities

Open

Other Notable Commercial Projects

Bryden Quick Lube

Cornerstone Credit Union SouthBeloit

The Rock Bar and Grill -OutdoorVenue Amenities

12/12/2018

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ResidentialDevelopment

Town of Beloit Residential DevelopmentBlackhawk Run• Single family and duplex mix

• 3 units under construction• 50 available

Courtney Condos• Duplex condos

• 5 buildings constructed• 6-14 expected in 2019

Glen Hills• Plat approved• Infrastructure and home construction to

begin spring• 36 single-family lots

River Bay Estates• Mix of single and multi-family units

• 1 under construction• 25 available

12/12/2018

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Single Family

Eagles Ridge Subdivision (Gateway)• New Leaf homes continues to pull

permits and build homes• 3 homes under construction• New home values range from

$154,000 to $206,000• Construction on Phase III (22 lots)

and extension of Eagles Ridge Driveon hold for winter

4 Buildings

18 Units (Multi-Family)

28,500 SF

Under Construction

Leasing first 6 unit building underway

Ribbon cutting September 20th

Elm Grove Estate Condos

12/12/2018

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1 new building

58 units

$11.4M Assessed Value

Construction underway

Construction of a 7th building being considered

Hawk’s Ridge Apartments

Major InfrastructureProjects

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Funded and underconstruction

Project being advanced by1 year

Most local work will takeplace 2019-2021

Complete by 2021including new interchange

I-39/90Expansion

Town Hall Road Reconstruction

Townhall Road fromGateway Blvd going southto near the railroad tracks

Complete reconstruction New pavement & base Curb & gutter Ditches & sidewalk Lighting

Re-pavement from railroadtracks to curve

Construction complete

12/12/2018

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Gateway Water Extension

Creates loop/resiliency in system Prepares the Dougan Meadows site

for future single-family residential

South Beloit Wastewater Treatment Plant

June 2018Groundbreaking

$34.7 Million

20% Complete

Operational 2020

12/12/2018

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STRATEGICINITIATIVES

Gateway Housing Master Planning and Marketing

- 15 acres Multi-Family- Master Plan prepared- Request for Proposals issued- 1 proposal Forward Construction Group, LLC

12/12/2018

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Concept Plan

Vision Beloit

Vision Beloit Partners gave up space at 500 Public Ave. tosupport space needs for the Hotel Goodwin Project.

Currently exploring several options for reestablish new VisionBeloit offices

• Existing facilities

• Existing with additions

• New build

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ECONOMICINDICATORS

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Unemployment for the City of BeloitMonth/Year Rate Rank

October 2017 3.7% 29

November 2017 3.7% 30

December 2017 3.2% 29

January 2018 3.6% 28

February 2018 4.2% 31

March 2018 4.2% 31

April 2018 3.5% 31

May 2018 3.6% 30

June 2018 5.0% 31

July 2018 4.4% 30

August 2018 4.5% 29

September 2018 3.2% 28

October 2018 3.3% 29

*Source: Wisconsin Department of Workforce Development, Bureau of Workforce Training – Labor Market Information Section

Economic Development Activity

Number of Jobs

New

Square Feet Value

Total 183 366,404 $842,063,400

Number of Jobs

New

Square Feet Value

Total 4,191 4,805,558 $1,582,691,595

Summary of Economic Development Activity Since 1999

Summary of Current Economic Development Activity

12/12/2018

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Questions/Comments?!