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Home My WebLink AboutWS - ICAD Group Update 2022PRESENTATION TO FOLLOW: By: Kate Moreland, ICAD Austin Corns, ICAD Item: WS. 1 1 1 _M ft. muospa•gT • CITY OF IOWA CITY 410 East Washington Street Iowa City, Iowa 52240-1826 (319) 356-5000 (319) 356-5009 FAX www.icgov.org QW City ICAD Group Update 2022 Who We are !CAD's mission is to create, collaborate and lead regional economic development initiatives that contribute to the creation and growth of companies wealth and quality jobs through a spirit of innovation and a culture of sharing that transforms knowledge into economic opportunity. Formed in 1984, ICAD Group serves the communities of Iowa City, Coralville, North Liberty, Kalonas Solon, Tiffin, Tipton, the Amenia Colonies, West Branch, West Liberty, and Johnsen County. ICAD Group is available to assist interstate commerce companies with location or expansion projects, workforce development, and entrepreneurial services. Overall Business Retention Visits - Strengths • 93% of cam pa ray's marketshare stable or increasing • 89 have introduced new products in the last three years • 91% have plans for new products in the next two years • 810 new jobs were identified through synchronist visits • $822M investment identified for expanding/modernizing facilities • Best of Iowa - ICAD Group Synchronist Program Overall Business Retention Visits Threats • 35% of companies report being at risk of losing high-value employe • 67% of companies report experiencing recruitment problems • 40% of companies report supply chain disrupting product deliver 1021 Synchronist Cornparisons Products; Iowa JoCu Iowa Cilr % of etiMpahies iria-kel • l ibr of crimpririy's k,ey prridutt(s) stbtslt Dr irrzrcaming .3°JG 93.1% 06.7% % of companies with riew pro ductalcapebllltlea In the last yeere 71.7°3 99.396 92.996 % of c roprprries with new products expected iri the next 2 yeerx Fla.7% 91.3% 13E1.9' % or companies that anticipate technology changes lo =Ampreri product, production, or operations 67.394 6.5% 91.7% MarketilFacIIIty: % of companies planning to vxpandimodemii i in ihry next 3 yarn (before 7rrvid) 67,1% 66.6% 53,596 % of companies planned to expand/modernize pre-cauid end mowing for iverd 06.6°ii ?6. 140.0% Estimalsd total investment for expans+ardrr ederniration 512,200,000 550.200,000 Estirrisled jcbg crested 1110 150 % of companies that anticipate real-estate requirements changing eve to Covid 16:6% 29.13% 36.1% % of companies with It_al ritele space stablelir5cre nsiny - Office 7E3.614 60.E 42.9°{ of companies with areal estate space atabietlnaressi - Sales 913.6% 66.7% 42.996 gra of companirs with renal a tale space xtahlelincreasing - Produriinn 93.7% EL -5.7% 7 L4°, % of companies with Jeal estate apace stablellnr~rswing - WarehouainglOistributlon 93.794 84.6% 7114% Supply Chain: % of companies with customers 9+u polychain invading business sales or c;seh1law 33.1194 29..295 50.096 % of companies that erperienced air anliclpere suppiler disruptions slowing sleben/ of product to customers 64.1 41. 40_0 51.59€ 96 of companies that antcipete bringing ouksourowri prr, ductherrices Dock in-house 13,6% 6.7%r 9.1% 1021 Synchronist Cornparisons workforce IOW JoCo Pogra City of companies Mai have host or is at risk Di losing higri vale employees in Iasline i 6 meonttrs 26.113e 31 It% 72.7% 14 of cornparnies ncperiericir►g revulrrrernt problems 69.791, 6.6 Th $f .9% Cr inrnufar 8c1glnttss CFirnak lii of companies Ma report technology Irrfraslruclure has been aderlua1e through Goliprl 91.4% 59. r 31.5% f!ai of companies Mal many no consider area lar expansion 15.1.% 32_0% 30.8% Utility Services; Internet access r Iii (1-7) 5.4 5.1 4.8 Irrtermet speed rating (i -I 5.4 5.2 5.1 Community 'Seirvicea: Chlidcare Dai'rveeoi rating (1.7) 4 8 4.5 4 7 ucl -12) coling 1-7 5,7 0.0 5,0 Pubic transit haling (11-7). 4.0 5.2 5.0 Traffic canitol rablg 11.7.1 5.2 5.9 51 Infrastructure Needs • Regional Transportation • Affordable Childcare • Workforce Housing • Rural Broadband • Developable Land Synch ronist Update 2022 • Beginning the nutreach for interviews • Ramp up into the surnrner and cc. mplete byend of September Looking for trends to determine programming and resource needs • Need help encouraging companies to participate Target Industries �• BioTechilVleciTech • EdTech • Advanced Manuf cturin: • Logistics & Distribution Project Life Initiated May 2021 • 3ioTech - Vaccine Production/Dist. 5OOM, 500K F facility 500 jobs+. 1 OOkf ear wi benefits • 200+ :sites across 25 states • 4 sites in the region, narrowed down to North Liberty option Hosted visit in November earned o ember - earned we were 1b in Februa Entrepreneursnip 11.14 BUILDERS +BACKERsir ' IOWA CITY JUN • Builders + Backers • Venture School • Iowa EdTech Collaborative •JPEC-OneMiIIionCups • Entrefest 2022 1r Workforce Development ICR IOWA TALENT HUB IOWA FUTURE WWW.ICRFUTfUI E.OI G • rek Talent ra i n Marketing • ICR Tint Hub • JocoTalent 1 R Future • Kiln wood Vision INCLUSIVE ICR 1 EI INDEX I SUPPORTED BY CEDAR RAPIDS Z ERO ECONOMIC ALLIANCE IOWA CITY AREA DEVELOPMENT IOWA CITY AREA ITLISINES PARTNERSHIP I C R IOWA APRIL 18, 2022 - MAY 08, 2022 LEARN IIURE » iliall'OTWW.HriCLUSIVEICR.DR6 Inclusive Economic Dewelopment Plan for Johnson County Outreach Results Highlights BUILT` JOHNs COUN-i • Pc°sim,pliti (LOIS) • HNI Distribution = IAC Facility ▪ IC Cannabis - McCarrel Facility ▪ Build Johnson County • Johnson County Solar Triangle - 15O - 150MW Utility Scale Solar Proje; • RE Collective + MDC 4- South [District D i ve r s i t Markets • Kirkwood Planning ICAD FY22-FY24 Business Development KPI 'CAD's mission is to create, collaborate,and lead regional economic development initiatives that contribute to the creation and growth of companies, wealth, aind iqualbs through a spirit of innovation and a culture of sharing that transforms knowledge into economic opportunity. Businesses Expanded & Retained New Capital Iorestment New Companies in Iowa City Area High Quality Jobs Created Business Development Leads Submitted Start -Up Companies Assisted Pipeline Projeas Current progress 3 year target 18 150M 10 1800 24 12 0 • Running goal 10 `Baal i� have 10 ongoing projects in our pipeline Iowa EdTech CoLiaboratve The Iowa EdTech Collaborative is a network of internationally -known education companies, successful EdTech startups, educators, and economic development leaders who are working collectively to grow human -centered K-12 and lifelong learning in the State of Iowa. Secured $391,000 grant from the EDA to grow the Ed Tech Cluster. � iawa )edtech 1-0, collaborative Jr rag, 0•FFtr 1€'. Wr,geri a?riL SASH li.fa1 INEIY 9Ti 1I � it �„ iraarrs 341.117.14.1, 1.14 rxiljff Mor I1L1r 119 i!IfCFIL 10 MALI rite icr. Business Partnership IJ7r,.1"i a llf ;' II •i I I ir'+F'aT BETTER TOGETHER 2030 A SHARED MUM FOR JOINS DNI COUNTY lin CITY Better Together 2030 Project objectives Vision: Unveiled End &June 1, Develop a dear, data -driven perspective of the region's future, This will include demographic,. econo1111r., tech n logy. political, and environmental trends that will affect how n ur residents inter work, and learn_ include the voices of immigrants, BPPOC, children, and others whose voices are often missing at the decision -masking Mable 3, Define clear priorities for the region's future that are: 1. Clear - Residerits and regional leaders will understand the vision and their role in it 2.. Shared - No single entity will "own" this plan_ The success of the region's future will be shared by a cross section of partners and individuals, and ,everyone will have an opportunity to playa 'role 3, Ambitious - Better Together 2030 should inspire a sense of what's possible and positively impact all residents. Questions? PRESENTATION CONCLUDED ar CITY OF IOWA CITY 410 East Washington Street Iowa City, Iowa 52240-1826 (319) 356-5000 (319) 356-5009 FAX www.icgov.org