Facilitator: Patty Huddle Panelists: Quinten Harris, Mark Raiff, Ryan Scribner

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ED 101 – Fundamentals

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Vision
DEFINING A GREATER PURPOSE
To be the most prosperous region
in the United States.
Prosperity Defined
The process by which more and more people
in a region improve their economic and social well-being.

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is to prepare for success
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The quickest and most efficient path to success

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 November 1999 completion of Polaris
Parkway/Cleveland Ave extension
 941 acres identified for commercial
development
 The farmland in 1999 is now home to DHL,
Nationwide Childrens, Central Ohio Primary
Care, Century Insurance, Vertiv, Syneos
Health, Bank of America, Ohio Health and T.
Marzetti
30 years in the making
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Westar

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2019 top factors influencing
location decisions
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Preparing to win
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Assess existing conditions
Stakeholder engagement/visioning
Gaps between existing conditions and vision
Prioritize focus, policies and resources based on agreed upon community priorities
Performance metrics – accountability against the plan
ECONOMIC DEVELOPMENT STRATEGIC PLAN
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B u i l d i n g b l o c k s

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Economic development assets
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E x i s t i n g c o n d i t i o n s
Workforce Infrastructure Quality of Life
Business
Climate
Sites and
buildings

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 Self awareness of community strengths and challenges
 Establishes and provides agreed upon vision
 Engages stakeholders
 Defines path for execution
 Prioritizes use of scarce resources
 Defines success
 Provides investors & constituents insight into use of resources
 Provides accountability
 FOR THE CLIENT: Predictability, speed and $ savings
WHY?
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E c o n o m i c D e v e l o p m e n t S t r a t e g y

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Executive Director, Pickaway Progress Partnership
R y a n S c r i b e r
It takes a community,
The Pickaway Progress
Partnership (P3)

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P i c k a w a y P r o g r e s s P a r t n e r s h i p

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 Economic development agency for all of Pickaway County
 Community Improvement Corporation (CIC) /501c3
 Small staff – big Board
 34 board members…
 Cross section of public/private sector leadership
 Public/Private Partnership
 50/50 Mixed Funding
P3 OVERVIEW
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P i c k a w a y P r o g r e s s P a r t n e r s h i p

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 Why not? vs. Why not.
 Embrace partnership - regionalism
 Alignment
 Focus
 Balance
P3 PRINCIPLES
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P i c k a w a y P r o g r e s s P a r t n e r s h i p

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 Business Retention & Expansion (BRE)
 Infrastructure & Community Development
 Marketing and Attraction
P3 INITIATIVES
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P i c k a w a y P r o g r e s s P a r t n e r s h i p

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P i c k a w a y P r o g r e s s P a r t n e r s h i p

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Superintendent, Olentangy Local School District
M a r k R a i f f
A school’s perspective on economic
development collaboration

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C o s t o f e d u c a t i o n

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Do schools benefit when
incentives ar e used?
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 Single Family Homes create on average 1.6-1.8 students per home
 Single Family Home = $350,000 = generates approximately $6,000 in taxes to the schools annually
 Single Family Home Places annual cost of at least $17,611 on the School District
 Multifamily projects requires at least 6-8 units to generate 1.6-1.8 students
 Multifamily projects are taxed at higher rate = average unit cost $80,000 * 6 = $480,000
 Example 801 Polaris = generates $500,000 annually to schools in taxes = generates 15 kids (6
previously in the district)
SUPPORTING INFRASTRUCTURE DEVELOPMENT BY LEVERAGING MULTIFAMILY PROJECTS
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S m a r t e c o n o m i c d e v e l o p m e n t

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Deputy Director, Economic Development, City of Columbus
Q u i n t e n H a r r i s
A city’s response to rapid growth can be
varied…

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Columbus is the best U.S.
City for tech jobs
- Fortune Magazine
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A g r o w i n g c i t y
The Columbus Region's GDP
grows over $3.41 billion
Columbus Business First
Columbus is named a
top 10 city for young,
growing families
- CNBC
Millennials continue to
leave largest cities for
cities like Columbus
- Wall Street Journal
Columbus is a
Midwestern bright spot
and a 'market to watch,'
investors say
- Columbus Business
First
Columbus hiring outlook for
fall best in nation
- The Columbus Dispatch
Ohio State kicks off 'historic' $2.4B in
construction driven by master plan
- Columbus Business First

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U n d e r s t a n d e x i s t i n g c o n d i t i o n s

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A l i g n i n g p o l i c y t o a c h i e v e d e s i r e d o u t c o m e

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Factors considered when evaluating projects:
• Capital investment
• New job creation and payroll
• Job retention level and payroll
• Priority location/place-based development
• Enhancement of built environment
• Creation of a vibrant, mixed-income, mixed-use neighborhood
• Additional investment factors for job creation, growth and innovation
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C r i t e r i a - w h a t i s m o s t i m p o r t a n t ?

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Adopted Plan Recommendations – Columbus Site Information Resource (CSIR)
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L a n d U s e - C i t y o f C o l u m b u s
http://gis.columbus.gov/csir/

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Wo r k i n g w i t h o u r s c h o o l s

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The City of Columbus Department of Development uses its
Office of Infrastructure Investments to coordinate the delivery
of P3 projects to ensure the appropriate and efficient use of
public funds.
Public-Private Partnerships (P3) are commercial
development projects supported by public infrastructure
improvements funded wholly or partially by public funds.
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I n f r a s t r u c t u r e i n v e s t m e n t s

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P r o j e c t s i n t h e C o l u m b u s a r e a

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Market Tower
28 story Mixed-Use Tower
$192 Million Expansion
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P 3 d e v e l o p m e n t
White Castle – new HQs
HQ Expansion and Mixed-Use Development
$65 Million Expansion
Gravity Project
Urban Redevelopment Residential, Office &
Retail
$54 Million Investment

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P 3 d e v e l o p m e n t
Confluence Village
Future Home to Major League Soccer
Team: Columbus Crew
$240 Million Investment CoverMyMeds
Electronic Pharmaceutical Solutions
$240 Million Expansion
OhioHealth
$89 million investment
+/- 240,000 SF administrative operations facility

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I m p e r a t i v e s f o r s u c c e s s
Sustain our
economic
momentum
Develop, inspire
and attract
a talented,
adaptive and
diverse workforce
Enable the
innovation capacity
Increase global
identity and
connectivity
The Columbus Region must:
to compete for
investment.
by continuing to
make economic
growth and
prosperity a top
priority
of business, academic
and government
sectors to grow
dynamically.
to attract investment
and talent from
around the world.

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THANK YOU