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Home My WebLink AboutWS1 - Greater Iowa City, Inc � N } v � v _ No O c CO wcu 5w > O }I z L N Q O O J_ C a) a) u> > Uz3 >, a) z CO bo cu c D a) o5cu QE o 0 Y L Q) L o p >O � Q V > V O • L L W O 0 ,0- O L O O V U Q C13 W �_ O L p U) •O F- c O 00 O V) cU C ry U) O O _ N v F L � Ocu O N O D C (3 •- = Y O >, Q N = U 70 Z a � �CU C) 2 m a - Iowa City Investment in Greater Iowa City, Inc. A. a . r 4- It City of Iowa City Council _ Work Session r k' February 2024 GREATER F° GREATER IOWA CITY, INC. Agenda • Report on 2023 ICAD service agreement (+ other service) • Share major changes with new merged organization • Present Iowa City opportunities for FY25 with Greater IC Economic Development t ➢ Business Retention & Expansion Business Attraction w, ➢ Real Estate & Development GREATER IOWA CITY,INC. BUILD GreaterIC FY22 -FY24 Business Development KPIs Current progress 3 year target Businesses Expanded & Retained 15 18 New Capital Investment 650M* New Companies in Iowa City Area 9 10 High Quality Jobs Created 1153 1800 Business Development Leads Submitted 48* Start-Up Companies Assisted 8 12 Running Goal" Pipeline Projects 1 10 'Goal has been adjusted higher after achieving original goal"Goal is to have 10 ongoing projects in our pipeline 1 1 Business Support I n novation Workforce Development �� ➢ Inclusive Economic Development A ➢ Entrepreneurial Support GREATER IOWA CITY.INC. ELEVATE Workforce Development • Talent attraction marketing (Talent Hub) • Ignite ICP Summer Intern Program / • Inclusive ICP Coalition INCLUSTHIS Is IOW VConnecting Talent with ;14EOpportunity: A Pilot Program for Personalized Recruitment in •;,— �� > s Iowa - ' 1 ELEVATE Inclusive Economic Development • Adoption of the Inclusive Economic Development Plan • Participated in Critical Race Theory workshop presented by ProfessorAdrien Wing • Supported City of Iowa City's Inclusive Economic Development ARPA Fund Applications • Supported and highlighted South of 6 Business District + BIPOC-led community partners and spaces LIM n : s r=-i—'"-- ELEVATE Entrepreneurial Support 1t • Business Startup Speaker Series • Lunch + Coffee Connections • 1 Million Cups r ' • Women's Entrepreneurship Lunch Series Design Dash • Startup Weekend • EntreFEST in Iowa City • Workplace Learning Connection Entrepreneurship Day • Hosted international Estimated monthly entrepreneur groups through ` participation of diverse Tippie Institute for International populations and Business and Global Ties Iowa industry sectors • Builders and Backers c 100 LEI • S . Du buq ue Street 49 kic Pyy�� y r _ a I ' t r. 6nui[n M E RG E - 136 S . Du b u q u e Street Leased Offices - Services & Starter Businesses MERGE actively supports 186 emerging companies with: 1 Iowa State University, Cl RAS 2 Spark Consulting Group • Bench space for entrepreneurs 3 Ian Shapiro, PhD • Bench space for remote workers 4 Marten Roorda • Conference rooms 5 LSF Medical Solutions • Event space/ kitchen 6 UI Ventures • ICDD events (Gallery Walk, etc.) 7 UlProtostudios • Iowa Cityaddress / mailbox 8 MD Orthopedics 2 vacant offices (87% occupancy) 9 Executive Podcast Solutions 10 Mazinar LLC Greater Iowa City, Inc. HQ / Resources 11 Silver Arrow Technologies 12 Tailored Tax and Accounting 13 Evergrow Marketing 14 Llewellyn Enterprises LLC AIM- ADVOCATE ' . Advocacy Guiding Principles A, Collaborative Strategic • Process/System Focused • Creates/Engages with Diverse Coalitions _ GREATER IOWA CITY,INC. t ` � hl Community r Development 2023 Highlights II Better Together 2030 (BT2030) Community Development Corporation f Incorporation and Establishment r V Integrating services of Greater IC and BT2030 GREATER IOWA CITY,INC. INVEST Livability - Neighborhoods • Affordable Housing Technology 3D Printing Experimentation and Field Trips oHTFJC Loan Award oCity Collaboration e • Family Resource Center Development Support - • 15- Minute Cities • Basic Income Pilot i INVEST Livability - Inclusion Welcoming Week Support and Programming Team 9 Liveable Communities Workgroup - _ JOHNSON COUNTY E) AARP ��I _ 4 AMBULANCE SWCE Community Conversations host and convener for Global Ties Iowa visitors �° INVEST Childcare C . Chi ldcareSol utionsCoaIition Continues Childcare Solutions Childcare Wage Enhancement Program A JOHNSON COUNTY COMMUNITY OF COLLABORATION • Iowa City invested $750,000 - APPA and $158,550 raised from employers • $1,658,550 tota I so fa r with a n additional pledge of $100,000 secured over five years I • Over $150k in wage enhancement to ; date with over 62,000 hours of childcare provided and 112 childcare t staff participating. -MMITripConnect Grant Workshop and Transit Workgroup - � . Application Support Bus Pa pid Transit Study Stakeholder Participation PPAIO Active Transportation Plan Affif Submissionsfor ECICOG E ' IN ►+ � e 6xunx T = - - - What's ahead in 2024 - 2025 Y spy' r +� Continued Services Business & Entrepreneurial Support / Innovation • Economic Development •' Workforce Development • State & Federal Policy Advocacy =�- Leadership Programs r + GREATER IOWA CITY, INC. Major Changes Coming in 2024 - 2025 i. Testing a vision of what economic growth looks like through the All In Vision plan ( Better Together 2030) 2. Approach to implementing services. 3. Inclusive membership model - everyone is a member. 4. New services and targets. a) Local advocacy b) Community Development Corporation (Better Together 2030) c) Guided by Innovation Councils BETTER TR6ETHER II. AUTHENTIC, III. A WELL IV. A THRIVING ALL VIBRANT CONNECTED, INCLUSIVE V � S � Q NAND D STR CTSS MOBILE REGION EC S S EM 6nui[n 2. Approach • Place-based, strategic, & collaborative ( public / private) • Prioritize retention - while welcoming new companies and fostering local entrepreneurs • Inclusive, welcoming , & uplifting • Advocates for local economic resiliency • Guided by 4 new Innovation Councils • Brave 2. Approach Place-Based Economic Development BROOKINGSElection'24 U.S.Economy International Affairs Technology&Information Race in Public Policy Topics Regions RESEARCH Mapping America's activity centers: The = - _ equitable, and `, t Tracy Hadden Loh,DW Rowlands,Adie Tomer,Joseph "� ' !? �'� � ,r� T• October 20,2022 •� 'F S✓ ,n �,9i. ., ,� I +x� ,rr"$ ,, 4J r�Z•..A Y.� L 1 y 6vui[n 2. Approach Place-Based Economic Development Power of 10+ Goal: Guide Investment How Cities Transform Through Placemaking into Activity Centers, or places within regions where economic, physical, social, and civic assets cluster at a clearly • • defined hyperlocal scale. • � \ ON , 13° Other terms: - . . • Smart growth I • 15-Minutecities , • Livable cities CITY/REGION DESTINATION PLACE 10.major destinations 10+places in each 110+things to do (layered to create synergy) 2. Approach Place-Based Economic Development MAPPING 15-MINUTE ° CITIES IN METRO AREA ° Current Opportunities • Sycamore - 1st Avenue • Towncrest - 1st Avenue o • So6 • ACT Campus ° Future Opportunities eO • West - Walden Square o ® O. O5 MIN.NEIGHBORHOODS • East - Olde Towne Village LINKAGES O POTENTIAL 15 MIN.CITY n - _,., O 15 MIN.CITY 2. Approach Place-Based Economic Development ,0 15 Minute Map Iowa city,Iowa Early studies: UI Geographic Information System Students UA • Mapping 15 Minute City concept Workshop and Research Teams 00 • UI Tippie Social Impact Community Ea[ dxM iwie rthls Ike numMt°I xrv[n Ixen Eebv) N • Grant Competition through s ®gas z � Ozaa O zIXc t�„' N S F N'�' O9J6 Uriwueswveuq �SIX6 2. Approach Place-Based Economic Development Figure ES-1: Potential Commuter Rail Stations Ponn SVoot Station (North Liperly) Exisling CRANDIC CmrrNor Current study: Forever Green Roatl Station Bus Rapid Transit Options Is it possible? Propose0 Passeiper ' Rau Service omits 1 This study can help us line up investment districts to a eq support the Bus Rapid oraNille blbn Transit options on the VA Hospilel Sblion CRANDIC line. NJ Downtown loa'a CMN of I Statin° Google Earth Uri (Burlin n SYreell Dudqua Sheet Station(bore City) 2. Approach Place-Based Economic Development Where do we start? • Work with City staff / planning • Engage the community through forums and Innovation Councils • Call in businesses for interest / opportunities • Seek investors Strong precedence in Iowa INVEST DSM - non profit County, Municipal, Private Investors = public/private Target areas in need of investment Assess opportunities Guide investment through targeted programs 2. Approach Place-Based Economic Development • Invest Special Investment Districts DSM STRENGTHENING NEIGHBORHOODS l 1, Oak Park / Highland Park Drake Franklin Area Columbus Park Historic neighborhood business Beautiful historic homes on Charming homes on tree-lined Little Italy on the rivers, district surrounded by well-built stately boulevards in an eclectic streets with friendly neighbors; spectacular views of downtown, homes pLus beautiful McHenry and diverse neighborhood,home top-rated schools in a affordable single-family homes Park overlooking the river—a to Drake University,friendly convenient location;walk and plus upscale,modern great value close to downtown neighbors,and unique bike to neighborhood icons apartments. employment and amenities. community events. including Snookie's,Waveland Cafe,the Franklin Avenue ® ® Library,and the re-activated FronLlin Ir HIa6 2. Approach Place-Based Economic Development Special Investment Districts - Program Example + HOMEOWNER RENOVATION PROGRAM + SINGLE FAMILY DEVELOPER PROGRAM COMMERCIAL / BUSINESS PROGRAM The purpose of the Commercial Grant Program is to provide financial incentives to encourage existing or new commercial property owners within the Special Investment Districts to invest in properties in order to improve the appearance, marketabiLity, functionality, and desirability of the commercial area. For questions, please call 515-221-8410 or email Info@InvestDSM.org. **In order to be considered for Invest DSM's Commercial Grant Program, applicants must first go through the City of Des Moines' Pre- Application Conference process.All projects must meet applicable city building and zoning codes. ** 2. Approach The partnership we need for this approach to be successful Image matters MOST in economic development. • Perception is reality. • "No comment" is not a good option for the City • Learning from Downtown. • We can be an extension of your economic development staff. • We are here to support community education and information through specialized forums, coffees, social media shares, newsletter highlights, etc. • Mutual understanding is critical. We'll ask for information before acting. • Make time to visit with local businesses. Come to IC Lunch Connections. • Participate in forums with us! 3. Inclusive membership model Juty 2024-Jxno 2025 Im eftmmtLeveb68enefitf Summery •"'dn' `^"^ . All businesses are members and have " access to services (inclusive). .xx,....MMmxxxf nwM<....m.bl..a.w.Fw+rt.l.s[....u.•uw.+V P.1 x x Businesses that want specific services �� =� OR participation in guiding initiatives also invest with us - recognizing it is an - �•---.•-- - -•_ investment into the larger county'su �•=� v economic prosperity. �� m nn, x.ry.ury v nrn • wMrt M.w O,Rov We ask all stakeholders to add 20% to e.,rt nx their investment to support charitable opportunities and funding theAllln Vision Plan •� -•� t.T.,•1111xxIxlxM..l Ul.x.x[p.r.cF Uri GF•.nuvfWvgseb CNMFf• .%.xs, f�f Q 4TMx r".�•Tr M.. w•...Frww.w4 •.. 4. New Services and targets • Local advocacy to support economic resiliency • Community Development Corporation ( Better Together 2030) • Implement the Inclusive Economic Development Plan • Keep underestimated businesses at the table • Identify systemic problems to solve • Ensure diverse and integrated representation within the organization to mimic community • Work guided by Innovation Councils ( public/private) BUILD Economic Development Innovation Council Guide economic development initiatives, develop new processes and roles for business development, and oversee economic cluster initiatives. • P2 Co-Chairs: Nick Lindsley / Jasmine Almoayyed • 2024/2025 Focus Areas • BRE - surveys & meetings • Pural Development • BPT Study & Plan completion • Data management • Industry clustering W&j ELEVATE Business Support Innovation Council Guide special initiatives and professional development opportunities that helps companies grow and employees flourish. Core function is Business Support and Entrepreneurism and is dedicated to the advancement of supporting particularly small, emerging, and locally owned companies. • P2 Co-Chairs: Joni Troester / Jennie Wunderlich • 2024/2025 Focus Areas • Talent attraction and retention initiative • Offering meaningful connection opportunities for members and investors • DEI and Inclusive Economic Development initiatives • Small business education and financial support INVEST Community Development Innovation Council Guide special initiatives and professional development opportunities that helps companies grow and employees flourish. Core function is Business Support and Entrepreneurism and is dedicated to the advancement of supporting particularly small, emerging, and locally owned companies. • P2 Co-Chairs: Nick Bergus / Lisa Shileny • 2024/2025 Focus Areas • Strategic Investment Districts • Cultivate public-private partnerships • Support innovative affordable housing opportunities and other pilots • Pitch the path for federal, state, and local funding opportunities We welcome your questions. We welcome your IOWA CITY GREATER IC involvement. Thank you. PRESENTATION CONCLUDED CITY OF IOWA CITY 410 East Washington Street Iowa City, Iowa 52240-1826 (3 19) 356-5000 (319) 356-5009 FAX www.icgov.org