GBEDC Quarterly Board Meeting March 11, 2020 80 acre site - - PowerPoint PPT Presentation

GBEDC Quarterly Board Meeting March 11, 2020

HH Photography

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• 80 acre site
• 1,000,000 SF building
• Over $100,000,000

investment

• Fulfillment Center
• 500 FTE Jobs
• 1,200 parking stalls
• Open end of September

HCP Spec Buildings III & IV

• 40 Acre GBEDC
• wned site
• Offer approved
• $1,000/acre
• Proposed 2

208,000 square foot buildings

• Goal to close

April

• Construction

Spring/Summer

4

One ne Reynolds ynolds Dr Driv ive Pratt Industries Expansion

• Leasing building #10
• 142,740 S.F.

warehousing space

• Former Alcoa

campus 100%

• ccupied

5

NorthStar thStar Me Medical dical Rad adiois ioisotopes

• pes
• Recently gained approval from the FDA to produce radioisotopes in

their RadioGenix System

• Construction on Phase II including a 20,000 SF addition completed in

August – fully operational 2020

• $9 Million Investment (building only)
• Construction on Phase III of the 34,700 S.F. underway
• 200 jobs by end of 2020
• $35 Million Investment

Lyons

• ns TRU

TRU to

• Nature

ture

• April announcement that Lyons Magnus had purchased TRU

Aseptics LLC – rebranded Lyons TRU to Nature

• The Company plans to significantly add to production and

warehouse/distribution capacity

• Doubling facility size 62,000 S.F.
• Utilizing existing Allied Games former facility
• Increasing workforce (200)
• $70 Million Investment

Al Alli lied ed Ga Game mes

• New Construction
• 18,120 S.F.
• $2,500 investment
• Moving across the street to accommodate Lyons TRU to

Nature expansion

9

AB ABC C Supp upply ly Ex Expansion ansion

• 132,000 SF Office

Expansion

• New 4 story building
• $30,500,000

Investment

• 270 Associates will

work there initially with projected growth up to 600

• Under construction-

completion ETA July 2020

#3 ABC Drive

Riv iver erside side Ene Energy rgy Ce Cent nter er

Alliant Energy proposed natural gas- fueled generating station - Town of Beloit Riverside Energy Center

• 730 Megawatt
• $700 Million investment
• More than 99%

complete

• Current onsite labor

force over 125

• About 3 million work

hours

• Fully Operational very

soon.

Vision Beloit Project

• 656 Pleasant Street (former

Angel Museum site)

• Early 2019 City conducted a

formal RFP process

• Selected Visit Beloit’s

Proposal

• Phase I – Reuse of Existing

Building (2020)

• Temporary offices for Visit Beloit
• New Event Venue
• $434,000 Investment
• Phase II – New Addition (2021)
• Construction of a new 7,980 SF
• ffice suite
• $2,185,000

Wright and Wagner Lofts

200 West Grand Avenue

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Building # 1

Under Construction

• HCP has spent much of 2019 preparing the site

and conducting strategic demolitions

• Mid-year determination that re-use of existing

structures was not economically viable

• 3 new structures-
• 58,396 SF each
• $14 Million each
• Market rate multi-family residential
• 54 units each
• some retail/office- 2,000 S.F.

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Wright and Wagner Lofts – cont’d

200 West Grand Avenue

• 150,000 SF complete

renovation

• $38 Million Investment
• Pedestrian bridge set in

June

• Existing building dedicated
• 2/7/2020
• New fieldhouse open end of

November – 17,200 S.F.

511 Public Avenue – Former Methodist Church site

• 14 High-end Row

houses

• 2,300 Commercial
• PUD/Rezoning

Approved

• Groundbreaking

Spring

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Riverbend Stadium - Snappers

• 7 acre City-owned Riverbend site
• 5,000 seat facility
• Team will be owned/operated by

Quint Studer

• $34 million project
• Riverbend Stadium Authority

formed and organized to own facility-20 year lease

• Next Steps
• Capital approval
• DNR approval
• City of Beloit approval – land

sale,building,code,lease,etc.

• City of South Beloit – land for

parking

• Major and Minor Leagues

approvals

• Start construction April ?
• Opening Day – April 2021?

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Oaks II

• HCP single-family “professional level” housing
• 22 Lots
• GBEDC providing a $25K Discretionary Grant for infrastructure

costs

• Construction on public infrastructure underway (sanitary complete)
• Foundations to begin by end of year
• First home start Spring 2020

Wi Willo lowick wick Ass ssist isted ed Li Living ving – Town wn of f Belo eloit it

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• 3010 Bartells Drive
• 29,817 S.F.
• 36 units
• $4.4 cost
• First building under

construction

• Second building

under consideration

Town n of

• f Bel

eloi

• it

t Res eside dent ntial Devel elop

• pme

ment nt

Blackhawk Run

• Single family and duplex mix
• 2 units – 1 duplex and 1 single are under construction
• 3 Single family homes are expected to break ground soon
• 24 Single Family lots remain and 21 duplex lot remain

Courtney Condos

• 2 Buildings with a total of 4 units are under construction

Green Hills

• 3 Single family homes are under construction

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Si Single ngle Fami mily ly

Eagles Ridge Subdivision (Gateway)

• New Leaf homes continues to pull

permits and build homes

• 7 homes completed on market for

sale

• 3 homes under construction
• 2 sold
• Plats No 4 & No 5 in planning stage

(70 Lots)

Hawk’s Ridge Apartments

• 1 new building
• 75 units
• $11.4M Assessed Value
• Construction of building number 9 (75 units) is under

construction

Other notable Commercial Projects

• O’Reilly Auto Parts – 4th Street
• $433K

Open

• 7,200 S.F.
• Burger King
• $1M

Open

• 3,249 S.F.
• OfficePro
• Relocation – Janesville/Elkhorn
• 24,000 S.F.
• 30 Jobs

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I-39 39/90 /90 Ex Expansion ansion

• Funded and under

construction

• Most interchange

work will take place 2020-2021

• Complete by fall

2021

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GBEDC, Chamber and Visit Beloit supporting temporary directional signage

So Sout uth h Bel eloi

• it

t

Wastewater Treatment Plant

• June 2018

Groundbreaking

• $34.7 Million
• 65% Complete
• Operational July 1st

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Str trat ateg egic ic In Init itia iati tives es

Ten en-Mi Mile le Ci City ty Rep epor

• rt

Collaborative Effort with Beloit 200

• Jointly hiring Belmark & Associates
• Retail Market Analysis
• Housing Component
• Platform for consistency moving forward
• Complete April 2020

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WORKF RKFOR ORCE CE DEVEL EVELOPMENT OPMENT

• Practice Interview Program - pairs local business

people with BMHS juniors for credit requirement (graded)

• Craftspeople with Character (High School for Credit

Program) Pathway for Manufacturing Careers

• Support of Early Literacy Project being led by the

Stateline Community Foundation

• Talent Pipeline Research Project completed

Workforce Development highlights

Workforce Development Programs cont.

• Rock Internship

Program (Earn & Learn)

• Paid Internship

($10/hour) for all Rock County HS Seniors

• Rock County 5.0

Covering 50% of cost

• GBEDC provided 1

scholarship

• Deadline extended to

March 20th

“Overall, it’s a

golden opportunity not to pass by.”

Ec Econ

• nomi
• mic

c In Indi dica cator

• rs

Unemployment for the City of Beloit

Month/Year Rate Rank December 2018 3.2% 29 January 2019 4.3% 32 February 2019 4.4% 32 March 2019 4.4% 32 April 2019 3.7% 32 May 2019 4.1% 31 June 2019 4.9% 32 July 2019 4.4% 31 August 2019 5.4% 32 September 2019 4.1% 31 October 2019 3.7% 30 November 2019 3.8% 30 December 2019 3.9% 30

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

City of Beloit Building Permit Activity

2019

• 1,171 Permits issued
• $ 138,382,587 Million value

Economic Development Activity

Number of Jobs New Square Feet # of units Value Total

790 1,907,882 201 $1,035,191,000

Summary of Current Economic Development Activity

Questions/Comments? Thank You!