first 20 years of nedc
Post on 21-Jul-2015
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1995 NEEDS…
A central organization charged withproviding services to existing employers and
recruiting new quality employers to the Norman community
1997 – STRATEGIC PLAN
Strengths
Labor relations and labor
costs
Higher Ed
Highway access
Operating costs
Telecom & electric
Weak-nesses
Ready-to-go sites
and buildings
Economic develop-
mentefforts
Local incentives
Water &
sewer
Fantus Consulting Results • Hired first staff person
• Established economic development office
June 1997April 1997
CURRENT & FORMER BOARD MEMBERS
Andy Anderson
Cheri Cartwright
Richard Cosier
W.D. "Gus" Gertsch
Jim Pappas
Harold Powell
Neil Schemmer
Anna Mary Suggs
Chuck Thompson
Jane Bowen
Leslie Christopher
Steve Corley
Mike Fowler
Anil Gollahalli
Chris Kuwitzky
Steve Lewis
Daniel Pullin
Dan Quinn
John Woods
Stuart Amos
Sean Bauman
Jeff Bryant
B.C. Danner
Dan Davis
Brad Gambill
Terry Garner
Ted Greb
Joe Harroz
Nick Hathaway
Lois Lawler
Richard Massie
Skip Porter
Paul Risser
Lindy Ritz
Lee Williams
George Wilson
1996 Directors Current Directors Former Directors Former Directors
OUTSIDE FUNDING
Economic Development Administration
$3,750,000
OU Research Campus
UNPCC/AMC
U.S. Dept., Housing and Urban Development
$360,000
eTec²
Oklahoma Department of Transportation
$1,500,000
Southwestern Wire
Norman Business Park
Sysco
UNPCC/AMC
Norman Business Park
116 acre business park
Home to 6 companies
1,000+ jobs
1 site remaining
On tax roll
University North Park Corporate Centre
60 acre project area on tax roll
400,000 SF of Class A office space
Water features and public art
Airport Access (pending)
2,000 jobs anticipated, $100 million yearly payroll
University North ParkAdvanced Manufacturing Centre
60 acre project area on tax roll
30 acres contiguous to Corporate Centre
300,000 SF manufacturing space
Airport Access (pending)
High architectural standards
IMMUNOMYCOLOGICS
(IMMY) Locally owned company / at
risk of leaving Norman
Manufacturing and R&D
1st Tenant in UNPAMC
5.75 acre lot, closed on 6/25/14
40,000 SF State-of-the-art facility
50 direct jobs/50 indirect
$12.5 million capital investment
10 Year Economic Impact
Taxable sales in city - $8,441,355
Tax Rolls in Year 1 - $14,520,000
Residential property value -$2,285,106
GROW YOUR OWN…ETEC – 710 ASP AVENUE
◦ Purchased by NEDC in 2000
◦ 10,000 square feet
◦ Owned and operated by NEDC
◦ Targeted to support technology developed
at OU and in Norman
◦ Small Business Development Center
◦ On the tax roll
ETEC² - 3209 N FLOOD
◦ Purchased by NEDC in 2008
◦ 4,500 sq. ft. office space
◦ 500 sq. ft. bay space
◦ Purchased using federal grants $217,000
$137,000
◦ On the tax roll
Employment Average Wage
764 $58,809
LOCAL EMPLOYER ASSISTANCE
Approximately 2,000+ local businesses served
Major assistance
◦ State incentive programs
◦ Tax issues
◦ Site selection
◦ Expansions
HITACHI COMPUTER PRODUCTS, (HICAM)
• 200,000 SF expansion
• $20 million capital investment
• Oklahoma Pooled Finance Program
• 300 jobs retained, 75 new jobs
JOB CREATION OVER 20 YEARS
47,905
56,581
49,310
58,254
45,000
47,000
49,000
51,000
53,000
55,000
57,000
59,000
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Employment Growth versus Labor Force Growth
Employed Labor Force
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