COSADC CY 2012 Annual Report
http://www.sanangelodevelopment.com/

Robert Schneeman, Interim Director of
Economic Developm...
Working with economic development partners, COSADC retains, strengthens
and diversifies the job base of the community to e...
Evolution of COSADC
1999 Ballot
Approved ½ cent sales tax
Approved uses:
o Lake Nasworthy Dredging
o Coliseum and Fairgr...
Evolution of COSADC
2004 Ballot
Approved Uses:
oinfrastructure projects relating to the development of
water supply facil...
Evolution of COSADC
2004 Ballot cont’d
o coliseum and fairgrounds improvements
odevelopment of an Affordable Housing Progr...
Evolution of COSADC
2010 Ballot cont’d
omaximum amount of total half cent sales tax receipts
allocated for job creation an...
Economic Snapshot
New Jobs in Tom Green County, TX 2007 to 2013
(1st quarter, 3rd month employment)
723

Public Administra...
Economic Snapshot
New Businesses in Tom Green County, TX 2007 to 2013
(1st quarter, 3rd month establishments)
Trade, Trans...
Economic Snapshot
Dec 2012 Balance Sheet
Marketing & Business Recruitment
 Marketing & Recruitment by San Angelo Chamber of
Commence
 By Contract with COSADC
 A...
Marketing & Business Recruitment
Trade Shows attended - 5
Association events attended – 10
Prospects hosted – 21
Adds plac...
Recruitment Projects
MedHab, LLC
 Medical Device Company – manufacturing & sales
 Job Creation – between 75 & 225
 Capi...
Recruitment Projects
MedHab, LLC Incentives (cont’d)
oRent forgiveness – 3 years at 2009 W. Beauregard
(CVCED Annex) at $1...
Recruitment Projects
Ethicon (July 2012)
 Medical Manufacturer
 10th largest employer in San Angelo
 Expanding existing...
Recruitment Projects
Hirschfeld Energy Systems (Martifer Hirschfeld) (Dec 2010)

Wind energy plant ( tower manufacturing)...
Recruitment Projects
Hirschfeld Energy Systems (formerly Martifer Hirschfeld) (cont’d )

Incentives paid to date
o2010 – ...
Recruitment Projects
Glazer Wholesale Drugs (May 2010)
Land Acquisition – 10.757 Acres
Facility Construction - $7,200,00...
Recruitment Projects
Blue Cross Blue Shield of Texas (April 2009)
Total payroll of at least $12M
Incentive - $37,118 per...
Business Retention & Expansion
Per the Strategic Plan- “Implement a formalized Business
Retention and Expansion Program (B...
Business Retention & Expansion
Use the program to probe supplier opportunities and to better
understand and support the g...
Business Resource Center
From Concept

To Completion
Business Resource Center
Description: A one-stop shop for business resources
Mission: To grow and retain local businesse...
Business Resource Center
Full Time Occupants
 COSADC staff
 ASU Small Business Development Center
(SBDC)
 The Business ...
Target Industries
Key Strategies
Goals of the Strategic Plan
 Strengthen San Angelo’s infrastructure and
enhance connectivity to other regi...
Key Strategies
Goals of the Strategic Plan (cont’d )
 Clarify and formalize the roles of San Angelo’s
economic developmen...
Development Process
Development Process
Development Process
Development Process
Major Voter Approved Projects
Affordable Housing - $335,000 per year
Gap Financing - $202,631, 5 new housing
units for fir...
Major Voter Approved Projects
Concho River Improvement Project
$13.6M including grants
Major Voter Approved Projects
Hickory Aquifer Pipeline
$12M
Major Voter Approved Projects
Rio Vista Park - $636,400

(Now Jaime Pardon Memorial Park)
Major Voter Approved Projects
Livestock Barn- $1M
Major Voter Approved Projects
Municipal Swimming Pool Improvements- $3.2M
Major Voter Approved Projects
Airport Terminal Renovation- $5.9M ($500,000
COSADC funded for non-FAA funded items)
Major Voter Approved Projects
50th Street Extension (Lakeview Heroes Drive)
On the Horizon
 Activation of “Advance San Angelo” Web Portal

Development of the Industrial Park
Business & Retention ...
www.advancesananglo.com
Board of Directors
Board of Directors 2012

left to right: Tony Villareal, 1st Vice President Chris Cornell, Randy
Brooks,...
Board of Directors
Board of Directors 2013

left to right: Tommy Hiebert, Daniel Anderson, 2nd Vice President Tony Villarr...
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San Angelo City Council 10-15-13 development corporation annual report

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  • Partners include: Angelo State University Small Business Development Center, Concho Valley Workforce Development Board, Center for Entrepreneurial Development and the San Angelo Chamber of Commerce
  • San Angelo City Council 10-15-13 development corporation annual report

    1. 1. COSADC CY 2012 Annual Report http://www.sanangelodevelopment.com/ Robert Schneeman, Interim Director of Economic Development
    2. 2. Working with economic development partners, COSADC retains, strengthens and diversifies the job base of the community to ensure a vibrant business climate for San Angelo and the region.
    3. 3. Evolution of COSADC 1999 Ballot Approved ½ cent sales tax Approved uses: o Lake Nasworthy Dredging o Coliseum and Fairgrounds projects othe promotion and / or development of new or expanding business enterprises Term of financing limited to 6 years
    4. 4. Evolution of COSADC 2004 Ballot Approved Uses: oinfrastructure projects relating to the development of water supply facilities for water reuse othe use of fresh or brackish ground water o and the development and institution of water conservation programs o Concho River improvements o parks and sports facilities improvements and the maintenance thereof o Fort Concho Museum
    5. 5. Evolution of COSADC 2004 Ballot cont’d o coliseum and fairgrounds improvements odevelopment of an Affordable Housing Program Term extended to 20 years 2010 Ballot Approved Uses: oVoter approved projects oAffordable Housing for 30 years owater related projects on an increasing basis from a minimum of 21% of total receipts increasing to a maximum of 72% of receipts as voter approved projects are completed.
    6. 6. Evolution of COSADC 2010 Ballot cont’d omaximum amount of total half cent sales tax receipts allocated for job creation and retention projects authorized under the act was set at 28% oCapital improvement and infrastructure projects other than water infrastructure and economic development requiring additional funding must be resubmitted to the voters
    7. 7. Economic Snapshot New Jobs in Tom Green County, TX 2007 to 2013 (1st quarter, 3rd month employment) 723 Public Administration 313 Professional & Business Services Industry Supersectors 233 Other Services 137 -44 Natural Resources & Mining -41 Manufacturing 731 Financial Activities Education & Health Services 641 Construction -100 -800 Leisure and Hospitality Information -788 133 -1,000 Trade, Transportation & Utilities -600 -400 -200 0 200 400 600 Difference in employment between 1st quarter, 3rd month, 2007 and 2013 800 1,000
    8. 8. Economic Snapshot New Businesses in Tom Green County, TX 2007 to 2013 (1st quarter, 3rd month establishments) Trade, Transportation & Utilities -3 Public Administration 0 Professional & Business Services 38 Other Services Industry Supersectors 8 Natural Resources & Mining 3 Manufacturing -14 Leisure and Hospitality 38 Information -5 Financial Activities -21 Education & Health Services 25 Construction -2 -30 -20 -10 0 10 20 30 40 Difference in number of establishments between 1st quarter, 3rd month, 2007 and 2013 50
    9. 9. Economic Snapshot
    10. 10. Dec 2012 Balance Sheet
    11. 11. Marketing & Business Recruitment  Marketing & Recruitment by San Angelo Chamber of Commence  By Contract with COSADC  Annual Contract $225,000 plus specifically identified reimbursable expenses
    12. 12. Marketing & Business Recruitment Trade Shows attended - 5 Association events attended – 10 Prospects hosted – 21 Adds placed in trade magazines – 6 Marketing materials sent to trade show contacts – 600+  Requests for Proposals - 49     
    13. 13. Recruitment Projects MedHab, LLC  Medical Device Company – manufacturing & sales  Job Creation – between 75 & 225  Capital Investment – Minimum $125,000 w/in 2 yrs  Capital Investment or lease w/in 6 yrs – up to $2M  Incentives include: o Job creation - $7,929.00 per FTE - $1,800,000 max (must retain 6 yrs from date of incentive) oCapital Investment – 15% - $300,000 max oReal Property Investment (w/in 6 yrs)- 52% - $575,000 max oCode Compliance – 25% - $12,500 max
    14. 14. Recruitment Projects MedHab, LLC Incentives (cont’d) oRent forgiveness – 3 years at 2009 W. Beauregard (CVCED Annex) at $1.00 per year oAs of December 31, 2012 MedHab had received no incentives oTo date MedHab has not received any incentives other than rent forgiveness
    15. 15. Recruitment Projects Ethicon (July 2012)  Medical Manufacturer  10th largest employer in San Angelo  Expanding existing plant w/ Capital Investment between $16M & $28M  Retain / retrain up to 30 at risk positions  Incentives include: o 4 year City tax rebate decreasing yearly oCounty tax abatement to match City terms oJob retention at $5,000 per position retained and up to $10,000 for retraining - $300,000 max
    16. 16. Recruitment Projects Hirschfeld Energy Systems (Martifer Hirschfeld) (Dec 2010) Wind energy plant ( tower manufacturing) Capital Investment - $20M Ph 1 & $20M Ph 2 Job creation – up to 225 FTEs Incentives include: o Land Purchase - $280,000 o Construction Funding Incentive - $500,000 oConstruction Funding Incentive 2 - $500,000 oJob Creation Incentive - $6,000 per FTE up to 225 or a total of $1,350,000
    17. 17. Recruitment Projects Hirschfeld Energy Systems (formerly Martifer Hirschfeld) (cont’d ) Incentives paid to date o2010 – 47 FTEs / $282,000 o2011 – added 134 FTEs / $804,000 o2012 – added 50 FTEs / * *Although the total salary paid for the year 2012 yielded the equivalent of 50 additional FTEs, total employment at the end of the year was less than at the height of employment for the year. When the 4th quarter payroll for the year was annualized, the equivalent rate was 155 FTE’s or 26 FTEs less than the total incentivized for the previous year. COSADC and Legal staff are currently working with the company to determine the long range employment goals for the company and a schedule for repayment of any funds due.
    18. 18. Recruitment Projects Glazer Wholesale Drugs (May 2010) Land Acquisition – 10.757 Acres Facility Construction - $7,200,000.00 Job Retention - 45 FTEs (FTE = $31,720.00 per year) Job Creation – 79 FTEs (FTE = $33,390.00) Incentives include: o124 FTEs / $930,000 ($7,500 /FTE) oCity Property Tax Rebate - $204,235.40 to date Glazers currently have 173 FTEs and have continually performed above their required level
    19. 19. Recruitment Projects Blue Cross Blue Shield of Texas (April 2009) Total payroll of at least $12M Incentive - $37,118 per year for 10 years Paid to date - $111,354.00
    20. 20. Business Retention & Expansion Per the Strategic Plan- “Implement a formalized Business Retention and Expansion Program (BREP) with regular outreach to existing San Angelo businesses” Develop goals and performance metrics for retention and expansion program administered / conducted by the San Angelo Chamber of Commerce, w/ involvement by COSADC and other E.D. partners Develop an annual retention and expansion report which can be shared with local officials & residents Address issues identified by working with city, county, or state officials survey existing businesses through online surveys and inperson interviews every six months
    21. 21. Business Retention & Expansion Use the program to probe supplier opportunities and to better understand and support the growth trends of local businesses Visit corporate headquarters of firms with major local operations that are not headquartered in San Angelo Establish an Ambassador Program in which Chamber members as Ambassadors play an active role by engaging with new Chamber member businesses to encourage participation
    22. 22. Business Resource Center From Concept To Completion
    23. 23. Business Resource Center Description: A one-stop shop for business resources Mission: To grow and retain local businesses by providing exceptional business services and to strengthen San Angelo’s appeal as a place to do business Goals: •Consolidate many of San Angelo’s ED agencies into one facility •Create an improved environment for small businesses and the recruitment of businesses •Increase the knowledge sharing, synergy, cooperation, and collaboration amongst the Economic Development Partners
    24. 24. Business Resource Center Full Time Occupants  COSADC staff  ASU Small Business Development Center (SBDC)  The Business Factory (Concho Valley Center for Entrepreneurial Development) Satellite Offices  Chamber of Commerce  Downtown San Angelo, Inc.  Concho Valley Workforce Development Board  Howard College
    25. 25. Target Industries
    26. 26. Key Strategies Goals of the Strategic Plan  Strengthen San Angelo’s infrastructure and enhance connectivity to other regions  Continue to invest in downtown San Angelo and the Concho  Fully capitalize on the unique opportunities provided by Angelo State University and Goodfellow Air Force Base  Tap into San Angelo’s innovative culture and leverage small business resources to support entrepreneurship and minority business development
    27. 27. Key Strategies Goals of the Strategic Plan (cont’d )  Clarify and formalize the roles of San Angelo’s economic development partners to ensure that economic development is streamlined, transparent, and well-understood by all stakeholders.  Improve San Angelo’s image and ensure that marketing efforts highlight regional assets and focus on target industries  Ensure that workforce development and education programs are connected to the marketplace and support the retention of young professionals  Engage in specific strategies to grow existing and emerging target industry sectors
    28. 28. Development Process
    29. 29. Development Process
    30. 30. Development Process
    31. 31. Development Process
    32. 32. Major Voter Approved Projects Affordable Housing - $335,000 per year Gap Financing - $202,631, 5 new housing units for first time homebuyers Helping Hands - $53K, rehab of 25 housing units for elderly homeowners Blitz - $150K, siding and painting of 48 housing units for low income homeowners
    33. 33. Major Voter Approved Projects Concho River Improvement Project $13.6M including grants
    34. 34. Major Voter Approved Projects Hickory Aquifer Pipeline $12M
    35. 35. Major Voter Approved Projects Rio Vista Park - $636,400 (Now Jaime Pardon Memorial Park)
    36. 36. Major Voter Approved Projects Livestock Barn- $1M
    37. 37. Major Voter Approved Projects Municipal Swimming Pool Improvements- $3.2M
    38. 38. Major Voter Approved Projects Airport Terminal Renovation- $5.9M ($500,000 COSADC funded for non-FAA funded items)
    39. 39. Major Voter Approved Projects 50th Street Extension (Lakeview Heroes Drive)
    40. 40. On the Horizon  Activation of “Advance San Angelo” Web Portal Development of the Industrial Park Business & Retention & Expansion Program Possible Coworking Space in the Business Factory Completion of the BRC finish out
    41. 41. www.advancesananglo.com
    42. 42. Board of Directors Board of Directors 2012 left to right: Tony Villareal, 1st Vice President Chris Cornell, Randy Brooks, 2nd Vice President Scott Tankersley, President Larry Teague, Joe Terrazas, and John Bariou September of 2012 Pedro Ramirez was appointed to the COSADC board with the departure of Joe Terrazas.
    43. 43. Board of Directors Board of Directors 2013 left to right: Tommy Hiebert, Daniel Anderson, 2nd Vice President Tony Villarreal, President Scott Tankersley, President 1st Vice President John Bariou, Pedro Ramirez, Richard Crisp
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