proven community strategies - civic fed baker_2.pdf · national winner econ. dev. excellence ”...
TRANSCRIPT
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Proven Community
Strategies
Business Location Decision-Making in Uncertain Political/Economic Times
Ivan Baker, CEcD, AICP Tinley Park Economic Development
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Oh No! Uncertain Times Ahead!
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Be Confident that Your Community is Ready
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Why Refer to Tinley Park?
One of the strongest and most diversified economies in the Region:
Manufacturing, Retail, Distribution, Health Care, Hospitality, Office,
Higher Education, Government, Area’s only Convention Center
During Recession, among the few cities in the Midwest:
* Maintained AA+ Credit Rating (top 5 percent in nation)
* Balanced Budget – even surplus
* No Tax Increase
* No Municipal Layoffs
* Net increase in new businesses
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Only City in Nation: Receiving All These National Awards
“America’s Best Place to Raise Kids” – Bloomberg Business Week
“National Winner Econ. Dev. Excellence” – U.S. Department of Commerce
“Award for Municipal Excellence in Economic Development” – National League of Cities
“Top 12 U.S. Cities for Leadership and Innovation” - CoreNet Global
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National Model
• 20th Largest City in Illinois – 57,000
• Market - $89,000 income; 700,000 trade area
• 13th Largest Retail Center in Metro Chicago
• Low Unemployment Rate now at 6.7 percent
• Over 29,000 daytime employment
• Reduced Comm. Vacancy Rate – 22.7% (2009) to 10.7% (2013)
• Home to 1,400 Businesses
• 165 Net New Businesses since 2008
• Only Class A Office Park on I-80 Corridor
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Proven Strategies That are Working
Tinley Park, Schaumburg, and Champaign, Illinois
Allen, and Mansfield, Texas
Fishers, and Noblesville, Indiana
O’Fallon, and Lee’s Summit, Missouri
Blaine, and Plymouth, Minnesota
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The Successful… Stick to the Basics 1. Economic Development is the
process of Creating Wealth 2. A strong, successful
Community is a Great place to Live, Work, Invest, and Play.
3. Believe. Prepare. Maintain.
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BELIEVE • In Yourself • In Your Community • In Your Future • In Your Businesses • In the Private Sector • In the Profit Motive
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Policy for Excellence Broaden and
Diversify the Tax Base
Encourage Appreciation of Home and Business Values
Quality Development Requirements
POLICY over
politics
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Strategies for Quality
• Diversify Economy - Jobs and Income • Education • Housing • Control Crime • Market Enhancement • Planning and Zoning • Protect and Enhance Investments • Incentive Policy • Financial Strength
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Be Prepared
• Plan for Good and Bad Economies • Be the Best you Can Be – Don’t Settle • Honest, Transparent Government • Be Competitive and Innovative • Be Business Friendly • Be Investor Friendly • Build on Region Strengths
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Maintain • Code Enforcement • Business Retention • Show Your Pride • First Impressions • Quality*Quality*Quality
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Communities Can Achieve Economic Development Success and Be Prepared for Uncertainty
Reduce Reliance on Other Government Funding or Grants Be Self Supporting with a Diversified Economy Consensus Building Government Leadership Take Pride – Show Pride Demand Quality and Excellence Plan Ahead