Blount Knowledge Based Economic Development Briefing 2009
Blount Technology Initiative 2001 Blount IDB Retreat 2002 Site visits to North Carolina  (RTP  & Centennial) 2003  Site exploration 2004 Conceptual Designs and funding for purposed tech park 2005 Intergovernmental Agreement, first in Tennessee’s History 2006 Site Visit to Cumming’s Research Park. Huntsville, Alabama 2008  EDA, TDOT, ECD, and Federal Government help fund first phase of construction. Total committed funding for phase one $28,000,000.00
WHERE ARE WE?
 
 
Flow Chart for Funding  Pellissippi Place Blount County City of Alcoa City of Maryville Knox County Blount Economic Development Board Incentives to Prospects Purchase property Make infrastructure improvements
Flow Chart of Tax Monies Blount County  property taxes Blount Economic Development Board Knox County  25% City of Maryville  25% City of Alcoa  property taxes City of Alcoa  25% Blount County  25%
Diagram for  Organizational Responsibilities Blount Partnership Marketing  Malvern Science Park Marketing Blount UK Blount Japan Marketing Knoxville Partnership Marketing ETEDA Marketing State of Tennessee Marketing Blount Economic Development staff Pellissippi Research Centre Operating Committee (PRCOC) Blount Economic Development Board Incentives Flow to Prospects Responsibilities Negotiate project, make recommendations to operating committee Committee Members Designee from: Alcoa, Blount County, Maryville, Knox County,  Chair of BCEDB  Responsibilities: Consider and act on recommendations from operating committee;  Daily operations of park, tenants, and oversee all construction projects Committee Responsibility Review Economic Development Staff Recommendations, make changes, send recommendation to Economic Development Board for ratification
Anchor Tenant Announcement Blount Co. Tech Park and Anchor Tenant    Knoxville-Oak   Ridge Innovation Valley Governments Cooperate, Attract Anchor Tenant to New High Tech Park     MARYVILLE, Tenn., Oct. 19  PRNewswire/ -- Economic regionalism in the Knoxville-Oak Ridge Innovation Valley is paying off in the form of a state-of- the art high tech park with a cutting edge anchor tenant, officials announced today.  The city mayors of Alcoa and Maryville as well as the mayors of Blount and Knox Counties and the Economic Development Board of Blount County have named their 450-acre park located near McGhee Tyson regional airport the Pellissippi Research Centre, On the Oak Ridge Corridor. They announced the park's first tenant will be Molecular Pathology Laboratory Network (MPLN).
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Regionalism Joined 6 other agencies to address education issues related to workforce Develop technology inventory of research assets and companies that need those assets Hire technology director for region.
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Six Program Areas Education and  Workforce Development Technology and  Entrepreneurship Global  Marketing Resources  For Living Public  Policy Business Retention  and Expansion
All Program Performance Metrics Evaluation Criteria Innovation Valley FY 2008 Target Innovation Valley Five-year Target Education and Workforce Development:     High School Graduation Rate (%)  83.0 90.0 New Technology Curriculum Offerings at High School Level 2 12 New Curriculums Added at UT and Other Local Educational Institutions 4 16 Technology and Entrepreneurship:     Number of New Knowledge-based Start-up Companies Formed 5 50 Number of Technology-Related Jobs Created  77 2,750 Business Retention and Expansion:     Number of Existing Company Jobs Added 3,800 19,000 Capital Investment of Expansions (Millions) $440.0 $2,200.0 Number of Existing Industry Headquarter Visits 35 200 Public Policy:     Reduction in Population-weighted Ambient Concentration of Fine Particulate Matter (PM2.5) in All Monitored Counties (%) TBD   TBD Number of Technology-related Incentives Legislation Changes Supported and Passed 0 2 Resources for Living:     Increase in Number of Direct Flights (%) TBD TBD Number of Members in Minority Executives Association 0 36 Increase in Quality Housing Stock in Innovation Valley (%) 0 25%
QUESTIONS???

Europe 2009 Tech Park Trip

  • 1.
    Blount Knowledge BasedEconomic Development Briefing 2009
  • 2.
    Blount Technology Initiative2001 Blount IDB Retreat 2002 Site visits to North Carolina (RTP & Centennial) 2003 Site exploration 2004 Conceptual Designs and funding for purposed tech park 2005 Intergovernmental Agreement, first in Tennessee’s History 2006 Site Visit to Cumming’s Research Park. Huntsville, Alabama 2008 EDA, TDOT, ECD, and Federal Government help fund first phase of construction. Total committed funding for phase one $28,000,000.00
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    Flow Chart forFunding Pellissippi Place Blount County City of Alcoa City of Maryville Knox County Blount Economic Development Board Incentives to Prospects Purchase property Make infrastructure improvements
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    Flow Chart ofTax Monies Blount County property taxes Blount Economic Development Board Knox County 25% City of Maryville 25% City of Alcoa property taxes City of Alcoa 25% Blount County 25%
  • 8.
    Diagram for Organizational Responsibilities Blount Partnership Marketing Malvern Science Park Marketing Blount UK Blount Japan Marketing Knoxville Partnership Marketing ETEDA Marketing State of Tennessee Marketing Blount Economic Development staff Pellissippi Research Centre Operating Committee (PRCOC) Blount Economic Development Board Incentives Flow to Prospects Responsibilities Negotiate project, make recommendations to operating committee Committee Members Designee from: Alcoa, Blount County, Maryville, Knox County, Chair of BCEDB Responsibilities: Consider and act on recommendations from operating committee; Daily operations of park, tenants, and oversee all construction projects Committee Responsibility Review Economic Development Staff Recommendations, make changes, send recommendation to Economic Development Board for ratification
  • 9.
    Anchor Tenant AnnouncementBlount Co. Tech Park and Anchor Tenant    Knoxville-Oak Ridge Innovation Valley Governments Cooperate, Attract Anchor Tenant to New High Tech Park     MARYVILLE, Tenn., Oct. 19 PRNewswire/ -- Economic regionalism in the Knoxville-Oak Ridge Innovation Valley is paying off in the form of a state-of- the art high tech park with a cutting edge anchor tenant, officials announced today. The city mayors of Alcoa and Maryville as well as the mayors of Blount and Knox Counties and the Economic Development Board of Blount County have named their 450-acre park located near McGhee Tyson regional airport the Pellissippi Research Centre, On the Oak Ridge Corridor. They announced the park's first tenant will be Molecular Pathology Laboratory Network (MPLN).
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    Regionalism Joined 6other agencies to address education issues related to workforce Develop technology inventory of research assets and companies that need those assets Hire technology director for region.
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    Six Program AreasEducation and Workforce Development Technology and Entrepreneurship Global Marketing Resources For Living Public Policy Business Retention and Expansion
  • 56.
    All Program PerformanceMetrics Evaluation Criteria Innovation Valley FY 2008 Target Innovation Valley Five-year Target Education and Workforce Development:     High School Graduation Rate (%) 83.0 90.0 New Technology Curriculum Offerings at High School Level 2 12 New Curriculums Added at UT and Other Local Educational Institutions 4 16 Technology and Entrepreneurship:     Number of New Knowledge-based Start-up Companies Formed 5 50 Number of Technology-Related Jobs Created 77 2,750 Business Retention and Expansion:     Number of Existing Company Jobs Added 3,800 19,000 Capital Investment of Expansions (Millions) $440.0 $2,200.0 Number of Existing Industry Headquarter Visits 35 200 Public Policy:     Reduction in Population-weighted Ambient Concentration of Fine Particulate Matter (PM2.5) in All Monitored Counties (%) TBD   TBD Number of Technology-related Incentives Legislation Changes Supported and Passed 0 2 Resources for Living:     Increase in Number of Direct Flights (%) TBD TBD Number of Members in Minority Executives Association 0 36 Increase in Quality Housing Stock in Innovation Valley (%) 0 25%
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