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Greater Beloit Communityand

Economic Development UpdateDecember 14, 2016

GBEDC Annual Investors Meeting

Project Announcement

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G5 Brewing Company

• Lee and Jill Gunderson proprietors• Craft brewery-restaurant/bar/beer garden

• Initial 10 barrel brewing system

• 8-10 Regular & Seasonal beers

• Growth goal- 10,000 barrels annually• Employ 50-70 full and part-time workers• 9,750 square foot facility• Beloit City Council considering approving

offer to purchase next Monday

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G5 Brewing Company

Proposed Gateway location

1801 Gateway Blvd.5.12 acre site

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City Center/Redevelopment Activity

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Continued Redevelopment ofthe Ironworks

* Ebates/FatWallet Expansion

* Comply365

* AccuLynx

* Mastercraft

* Stateline FamilyYMCA (Groundbreaking was held April 2016and Grand Opening scheduled for Spring 2017)

* Hendricks CareerTek (Construction is underway and openingscheduled for January 2017)

IronworksSouth

Parking LotExpansion

Net New StallsApproximately 90

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Business Incubator

Co-working Space

Tech Hub

gBETA

Score

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The Power of the Powerhouse

Beloit CollegePower House project

*Adaptive reuse

*From a vacant power generatingfacility to -

*A campus activity and recreationcenter

*Fitness Center/Pool/Track

*Health &Wellness Center

*Flexible Meeting Spaces

*Lecture Hall/MovieTheatre

*Nearing fundraising goal of $38million

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IndustrialDevelopment

Altra Industrial Motion

• Renovation of South BeloitGardner Street location

• $1.5 Million capital investment

• 30 new jobs

• Adding new Research andDevelopment capabilities

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Riverside Energy Center

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

* 700 Megawatt

* $750 Million investment

* 200-300 Construction jobs

over 2 years

* Additional long-termoperational positions

Approved by the PSC-

* Demo work began in May

* Large scale construction 2017-2019

* Fully operational 2020

TreeHouse Foods (Formerly ConAgra)

•Recently completed a major expansion to its South Beloit cookiefactory facility

•$15 Million Investment

•150 Net new jobs created

•Potential to add an additional new line

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DuPont ExpansionPhase II

• Significant production

capacity expansion project

• 2 new jobs

• $23 million investment

TMD

• Leasing the entire 105,000 SF space from HCP at2401 Stateline Road

• $14 million investment

• 118 Full-time jobs

• Average wage- $16/hr.

• Preliminary production- February 2017

• Full production- May 2017

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(State Line Industrial Park)

31.59 Acre Site

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*PHASE I (Leased)* Initial 105,000 SF building

*Construction began the end of April 2016

*Substantial completion December 31, 2016

*$6 million capital investment

*PHASE II (Adjacent toWillowbrook Road)*105,000 SF building construction to begin spring 2017

*$6 million capital investment

*PHASE III and Beyond*Addition of up to 210,000 SF of building space

*$12 million in additional private capital investment

Townline/Walters Industrial Park

* 85 Acres

* May be Subdivided

* Immediately Adjacent to Riverside Energy Facility

* Town Owned

* New Aggressive Incentive Pricing Strategy

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Midwest Refrigerated Services

• MRS leasing with an option to buy 2555 Kennedy Drive

• $1.5 Renovation and conversion to a refrigeratedwarehouse/distribution facility

• Creating 8 new jobs

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Synder’s Lance

• Snyder’s Lance the Nations second largest salty snack makerrecently purchased Diamond Foods including the Beloit KettleChips Manufacturing facility

• Adding 2 new potato chip fryers

• $9 Million Capital Investment

Frito-Lay Expansion Project

• 2810 Kennedy Road

• New potato chip line

• 30,000 SF warehouseaddition

• Construction complete

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OTHER NOTABLE PROJECT

• $13.8 Million Project

• New Hybrid Operating Room

• 2 Cardiac Catheterization Labs

• 3 Phase Project withcompletion in 2017

Hendricks Family HeartHospital & Packard Cardiology Clinic

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Residential Development

ASSISTED LIVING

Beloit Senior Housing

*2250West Hart Road

*44-100 units

*5 acre development

*Project will create 24 new jobs

*$5,000,000 private investment

*Construction Complete – Grand Opening - September 24, 2016

Cranston Elderly Care Facility

*1971 Cranston Road

*20 Units (assisted living)

*Construction to begin Spring 2017

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Multi-Family

Hawk’s Ridge Expansion

*3 New 4 Story Buildings

*400 Additional Units

*441 New parking stalls

Hawk’s Ridge Expansion

Condo Project

Walnut Grove Condos

*Duplex Condos

*6 buildings/12 units

*Some pre-sold

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Single FamilyEagles Ridge Subdivision (Gateway)

* Building permits for new homes (and sales) increasing since great recession.

* 14 since 2012

* New Leaf Homes has built 13 of the 14 and has plans to construct more includingthe newly platted Raven Drive Subdivision.

* New home values range from $154,000 to $206,000

Town of Beloit Residential Opportunities

* Blackhawk Run

* Cora Court/Lockhart Project

* Heron Bay

* Town Owned Incentivized Pricing

* Potential Combined Impact

* 137 New homes

* $22.5 million net tax base

* 600 New residents

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*Stateline Business Journal

*Chicago Industrial Properties

*Midwest Real Estate News

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Workforce DevelopmentActivity

Jobs In Rock County

Streamline your talent recruitment and retention efforts by usingJobsInRockCounty.com, the area’s one-stop employment and information portal.

* Launched March 2016

* Robust, Easy-to-Use Online Job Posting Interface

* Create, Save & Update PostingTemplates

* Job Board, Search Engine & Social Media Compatibility

* Access Applicant Information in Real-Time

* Automate & Customize Applicant Communication

* Share Pre-Qualified Candidates;Access aTrailing Spouse & Lock-In the Candidate by Leveraging theCommunity Connection Program

* AccessValue-Added Community Information & Data

* Serve as a Resource forThird-Party Recruiters

* 90 companies signed on

* 130 job positions

* Average 1 new posting per day

www.jobsinrockcounty.com

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*Crafting and delivering an accurate and enthusiastic brand promise andmessage (promoting Beloit)

*Interacting with HR and recruiting staff

*Interacting with existing and prospective professional employees

*A solid understanding of Beloit and its assets (knowledge)

*Making connections with people (engagement)

*Familiarization of Greater Beloit’s major employers

*Superb customer relationship skills

*CommunityTours

*Establish and maintaining a network of local “go to” resources

Talent Recruitment and RetentionCommunity Concierge Pilot ProgramVision Beloit Partners hire and manage a part-time position to provideemployment candidates customized interaction.

Community Concierge PilotProgram Funded $20,000

Initial Investors*Hendricks Companies

*Kerry

*Beloit College

*Beloit Health System

*First National Bank &Trust

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Maggie LittlefieldCommunity Concierge

Major InfrastructureProjects

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*Widening Project scheduled to start in 2017and expected to be completed in 2022

*Final I-39/90-I-43 interchange alignmentdetermined (construction 2020-2022)

*Sign up for updates:http://projects.511wi.gov/i-39-90/emailupdates/

I-39/90 Expansion

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Questions should bedirected to Andy Hill inEngineering at 364-6692

• Total reconstruction ofColley Road betweenGateway Boulevard andthe East City limits.

• Curb/gutter• Roadway• Lighting• Utility Extension• Signalized intersection

*Connecting linkfrom Hwy G(Prairie Ave.) toCounty S (ShopiereRd.)

*ConstructionComplete

Inman ParkwayExtension

County HWY BT

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*GBEDC supported cost of initial feasibility study

*Initial draft completed and presented to the taskforce and contributors

*Key stakeholders will be evaluating the study todetermine the next steps in the next 30 days

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GBEDC

Business Retention andExpansion Program

263 Interviews in RockCounty

conducted to date

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• Loan Portfolio Update• 3 loans active

• $83,578 lent out

• 1 loan approved and pending closing

• Funds Available• $328,461.20

Investors Update

* Paid InvestorsYTD: 75

* Past Due: 0

* New InvestorsYTD: 5* Community Health Systems

* Father & Son’s Cleaning

* Western Container

* Kurt Egan – Individual

* Johnson Bank

* Budgeted Income: $66,000

* IncomeYTD: $69,713.75

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Unemployment for the City of Beloit

Month/Year Rate Rank

October 2015 5.2% 3

November 2015 5.2% 4

December 2015 5.4% 3

January 2016 6.4% 3

February 2016 6.8% 2

March 2016 6.6% 2

April 2016 6.3% 2

May 2016 5.5% 3

June 2016 6.3% 3

July 2016 6.0% 3

August 2016 5.5% 3

September 2016 4.7% 3

October 2016 4.9% 3

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

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Economic Development Activity

Number of Jobs

New

Square Feet Value

Total 350 100,000 $861,400,000

Number of Jobs

New

Square Feet Value

Total 3,540 4,349,404 $1,488,028,195

Summary of Economic Development ActivitySince 1999

Summary of Current Economic Development Activity

QUESTIONS?

THANKYOU!