AR
Uploaded byAlex Rudie
PPTX, PDF741 views

Waterloo: Opportunity Zone Prospectus

The Waterloo Investment Prospectus outlines the city's diverse economic landscape, highlighting over $280 million in current and planned investments primarily in downtown revitalization, infrastructure, and workforce development. It emphasizes the successful public-private partnerships, opportunities in opportunity zones, and the area's strengths in manufacturing and health care. The prospectus aims to attract further investment, leveraging the city's historical legacy of entrepreneurship and innovative power.

Embed presentation

Download to read offline
W A T E R L O O • I N V E S T M E N T P R O S P E C T U S Preparedby VANDEWALLE & ASSOCIATES in collaborationwith THE CITY OF WATERLOO MARCH 2019 WATERLOO OPPORTUNITY ZONE PROSPECTUS A Platform for Action Based on the Accelerator for America Prospectus Template
Waterloo is a diverse city with a legacy of entrepreneurship and innovative power. • Invests with impact, a city of 68,146 residents leveraging $100 million in downtown investment in the last 10 years. • Growing and diversified economy, with regional industry strengths in manufacturing, health care, trade and transportation, and business services. • Successful public-private partnerships led to $180 millionin additional pledged investment. • Proximity to University of Northern Iowa generates workforce training and applied manufacturing technology pipeline that includes high schools, higher education, and local businesses. • The Cedar River is a regional destination for recreationand entertainment. • Regional market strength – proven return on investment on real estate and new businesses • Infrastructure ready for growth – low water and utility rates; high capacity available • Vibrant new hotel and restaurant in walkable, historic downtown MAYOR QUENTIN M. HART (319) 291-4301 mayor@waterloo-ia.org EXECUTIVE SUMMARY W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 2
WHY WATERLOO Catalytic Investment Be Part of the Investment Momentum $180M in Shovel- ready Projects Impactful OZ Projects: Convention Center & Hotel, Multi-Story Residential, Desirable Infill Sites Human Capital Supply Chain Generating Businesses that Innovate Businesses and Residents Choosing Walkable Downtown Active Lifestyle Culture: Recreational River, Trails, Downtown Sportsplex Quality of Life Urban and Natural Recreational Assets Professional Feeder League Sports: Blackhawks Hockey & Waterloo Bucks Baseball Vibrant Business & Entertainment District W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 3
POPULATION 2010 POPULATION 2017 % CHANGE SQ. MILES MSA 167,819 170,055 1% 1,498 City of Waterloo 68,406 68,146 0% 63.2 Zones 7,155 6,780 -5% 1.84 GEOGRAPHY OF WATERLOO OPPORTUNITY ZONES W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 4
WATERLOO MOMENTUM BY THE NUMBERS • Investing Impact: $100 million invested in Downtown Waterloo • Investment-Pipeline: $180 million investment planned • Corporate Leadership: $1.5 billion investment by John Deere Waterloo with pledged continued commitment • Strong Workforce: national leader in heavy machinery advanced manufacturing, education/ knowledge creation, metalworking technology, and wood products BY THE ASSETS • Riverfront Transformation: Recreation of Cedar River from industrial use to community destination • Applied Education and Training: University of Northern Iowa and Hawkeye Community College Downtown Facilities • Leadership with Integrity: AA2 Bond Rating and government history with successful public-private partnerships BY THE OPPORTUNITY ZONES • Core Strength: 3 Opportunity Zone tracts located in the heart of Waterloo • Historic Downtown: Continued Growth of new industries, venues, and businesses • Invest with Impact: Investment in Waterloo Opportunity Zones will expand economic momentum and growth to vulnerable residents W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 5
WATERLOO: “the place to live, work, play, and raise a family” WATERLOO ECONOMIC DEVELOPMENT WEBSITE: www.waterlooida.org DIRECT LINK TO WATERLOO PROSPECTUS: www.cityofwaterlooiowa.com/OZprospectus MAYOR QUENTIN M. HART (319) 291-4301 mayor@waterloo-ia.org (319) 291-4366 715 Mulberry Street Waterloo, Iowa 50703 DEPARTMENT OF COMMUNITY PLANNING AND DEVELOPMENT NOEL ANDERSON, DIRECTOR noel.anderson@waterloo.ia.org ADRIENNE MILLER, ECONOMIC DEVELOPMENT SPECIALIST adrienne.miller@waterloo-ia.org TIM ANDERA, PLANNER II tim.andera@waterloo-ia.org OPPORTUNITY ZONE C O N T A C T S W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 6
WATERLOO BY THE NUMBERS W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 7
WATERLOO METRO ECONOMY JOB GROWTH 2000-2010 +.9% 2011-2018 +2.2% EMPLOYEES UNDER AGE 29 2002-2010 -12% 2011-2015 -5% TOTAL WAGES 2001-2010 +38% 2010-2017 +22% AVERAGE MONTHLY EARNINGS 2000-2010 +37% 2011-2017 +12% UNEMPLOYMENT W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 8 2000-2010 6.6% 2011-2017 3.9%
#9 BEST JOB MARKET IN AMERICA 2018 - Zippia 2018 GREENEST CITY AWARD - Insurify #9 BEST PLACES TO BUY A STARTER HOME FOR MILLENNIALS 2019 - Realtor.com 2018 SMALL BUSINESS COMMUNITY OF THE YEAR - SBA WATERLOO BY THE RANKINGS W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 9
WATERLOO EMPLOYMENT PROFILE W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 10 2002 COUNT 2015 COUNT 2002-2015 GROWTH 2002-2015 % GROWTH Manufacturing 10,617 13,517 2,900 27.3% Health Care, Social Assistance & Educational Services 9,492 10,420 928 9.8% Trade, Transportation & Warehousing 8,015 7,791 -224 -2.8% Accommodation & Food Services 2,718 2,988 270 9.9% Public Administration 2,224 2,194 -30 -1.3% Professional & Business Services 1,523 1,788 265 17.4% Construction, Mining & Utilities 1,728 1,476 -252 -14.6% Finance & Insurance 2,159 1,406 -753 -34.9% Information 676 328 -348 -51.5%
WATERLOO-METRO LARGEST NON-GOVERNMENTAL EMPLOYERS W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 11 EMPLOYER TYPE OF BUSINESS APPROX. NUMBER OF EMPLOYEES John Deere Waterloo Operations Manufacturing 5,000 Tyson Fresh Meats Food Processing 2,900 Wheaton Franciscan Healthcare Health Care 2,883 UnityPoint Health Health Care 2,520 University of Northern Iowa Higher Education 1,816 Hy-Vee Food Store Grocery 1,733 Omega Cabinets, Ltd. Manufacturing 994 VGM Group* Diversified 941 Bertch Cabinet Manufacturing Manufacturing 925 Hawkeye Community College* Higher Education 773 Source: Greater Cedar Valley Alliance & Chamber, Cedar Valley Fact Sheet. Spring 2018 *Received updated data from employer. 2019
JOHN DEERE WATERLOO WATERLOO LEADERS AND PARTNERS Successful Public Private Partnership led by the City of Waterloo and Waterloo Development Corporation with other key partners have leveraged almost $300 million in current and future projects
ECONOMIC DEVELOPMENT STRATEGY/INITIATIVES INITIATIVES • Enhancement of Downtown civic destinations • $12M Hawkeye Community College Downtown Campus • $30M Cedar Valley SportsPlex • $15M outdoor Expo Grounds + RiverLoop Amphitheater • $6M+ for Youth Pavilion • Proven track record of executing complex financing tools – TIF, CURA, Gaming funding, Brownfields, State and Federal Grants, New Markets Tax Credits • $360 million in tourism, driven by Downtown and Riverfront destination investments
WATERLOO BY THE ASSETS W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 14
IN DOWNTOWN WATERLOO SMALL CITY – BIG IMPACT: BIG RETURN ON INVESTMENT • $180 million in new investment in Downtown Waterloo • $100 million in planned future investment • Corporate leadership: $1.5 billion investment by John Deere in Cedar Valley facilities and products in 15 years • 290 NEW housing units • Over 600 NEW downtown residents • Total estimated downtown spending of $1.7 million annually Every $1 Attracts $7 More W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 15
LARGEST EMPLOYERS 1. John Deere Waterloo Operations 2. Tyson Fresh Meats 3. MercyOne Healthcare 4. UnityPoint Health 5. University of Northern Iowa 6. Hy-Vee Food Stores 7. Omega Cabinets, Ltd. 8. VGM Group 9. Bertch Cabinet Manufacturing 10. Hawkeye Community College
WATERLOO RIVERFRONT Along the Cedar River in downtown Waterloo, over $30 Million was invested in the RiverLoop Amphitheater and connected Riverwalk system in the past 10 years to host riverfront concerts, festivals, and fireworks. Over 60 upscale apartments are being constructed adjacent to this venue. Over 110 miles of paved, multi-use trails and 10 miles of paddling trails run along the Cedar River. The revitalization of an industrial river to a premier location for new residential apartments and civic entertainment venues is underway, with more project sites and investment opportunities available. W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 18
WATERLOO ACCESSIBILITY WATERLOO REGIONAL AIRPORT (ALO) • Daily flights to and from Chicago (ORD) with connections anywhere in the world • $3.5 million in improvements to runways, taxiways, and parking areas HIGHWAY ACCESS • Crossroads of US/Iowa Hwy 218 and 63 and 20, providing access to 5 major metropolitan areas and employment centers within 5 hours RAIL ASSETS • Transloading service with 3 major railroads (INR, CN, UP) AFFORDABLE UTILITIES WITH CAPACITY TO GROW • Lowest combined water and sewer rates in the state • Redundant, low cost electricity with 70% in renewable wind energy W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 19
TECHWORKS INNOVATION CAMPUS • Gorgeously renovated $40M Marriott Courtyard hotel in historic John Deere Manufacturing space • Attracts 59,000 visitors to the Cedar Valley region annually • Active Cedar Valley Makerspace • North America’s largest 3D sand printing additive manufacturing facility • John Deere Tractor & Engine Museum • Adjacent to John Deere Waterloo Works Advanced Manufacturing Operations ENTREPRENEURSHIP • Legacy of innovation in manufacturing, tech, ag, and food processing • High-tech supply chain supports John Deere manufacturing and seeds innovation • Millennial entrepreneurs launching successful investment and projects in Downtown Waterloo • 32 businesses opened downtown in 2018 • 2018 SBA Small Business Community of the Year W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 20
HEALTH CARE SYSTEM + WORKFORCE TRAINING • 12,000 students • 160 majors, minors, and areas of study • $3.3M R&D expenditures • Money Magazine's "2018 Best Colleges for Your Money" • Enhanced STEM internships, co-funded by state-level partnership • Essential workforce/training pipeline to local/regional businesses REGIONAL SCALE INSTITUTIONS • Unity Point Hospital & Clinics • Allen College (Unity Point affiliate) - provides training and higher education programs for nursing and health science for 300+ students • MercyOne Hospital & Clinics UNIVERSITY OF NORTHERN IOWA
DOWNTOWN EDUCATION AND TRAINING UNIVERSITY OF NORTHERN IOWA METAL CASTING CENTER • A national leader in foundry research, applied technology, and technical business assistance • Education for a Vital Industry: More than 90% of manufactured durable goods contain metal castings • Hands on Learning with Industry Partners • Superior Resources: The MCC Additive Manufacturing Center is home to North America’s largest 3D Printer HAWKEYE COMMUNITY COLLEGE VAN G. MILLER ADULT LEARNING CENTER W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 22 • $11.8M downtown campus opened 2019 • Center for education and workforce training opportunities • Brand new 45,000 square foot building that includes learning and student support services • Capacity to serve 4,000 students
WATERLOO BY THE OPPORTUNITY ZONES W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 23
OPPORTUNITY ZONES OVERVIEW 3OPPORTUNITY ZONE TRACTS 13 WATERLOO TRACTS 23% OF ALL TRACTS 6,780 68,146 9% OPPORTUNITY ZONE POPULATION WATERLOO POPULATION TOTAL POPULATION W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 24
OPPORTUNITY ZONE: DOWNTOWN ZONE TYPOLOGY*: Mixed Jobs/Residential OPPORTUNITY ZONE JOBS 2015: 4,641 2010: 5,290 -12% change TOP 3 INDUSTRIES 1. Public Administration (41%) 2. Accommodation and Food Services (8%) 3. Other Services (non-Public Administration) (8%) OPPORTUNITY ZONE RESIDENTS 2017: 3,257 2010: 3,529 -8% change; 100s of units coming online in 2018-2019 RESIDENTIAL VACANCY RATE 2014: 7% COMMERCIAL VACANCY RATE 2014: 12% *Typology Methodology in Appendix W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 25
CONVENTION CENTER REMODEL/EXPANSION + HOSPITALITY ASSETS • One block from Cedar River • Award-winning Expo Grounds for indoor/outdoor events • Adjacent to 556 spaces in parking structure • Walkable to 4th Street entertainment and restaurants OPPORTUNITIES • Renovate and expand active Five Sullivan Brothers Convention Center • Renovate Ramada convention hotel • Develop adjacent infill site for additional hotel space and multi- story residential • Renovate historic Cedar River Plaza building for commercial use
DOWNTOWN/MAIN STREET COMMERCIAL & ENTERTAINMENT ASSETS • Prime investment area given proven track record of success • Competitive incentives available • Adjacent to impressive amenities, such as SingleSpeed Brewery, Cedar Valley SportsPlex, RiverLoop Amphitheater, Expo Grounds, and Dan Gable Wrestling Museum OPPORTUNITIES • Historic Black’s Building renovation for commercial/hotel use • New construction multi-family apartments (60-70 units) + commercial across from Single Speed Brewery • Renovation of unique, historic building stock for apartments or commercial uses • Catalytic infill site adjacent to substantial parking structure • Small business investment opportunities
WALNUT NEIGHBORHOOD REVITALIZATION • All-In Grocers – community-supported solution for local food desert • Chicago Central & Pacific Railroad yard relocation and redevelopment • Neighborhood housing reinvestment ASSETS OPPORTUNITIES • Active community leadership & support • Current momentum with single-family housing reinvestment • Community centers, schools, and non- profits anchored here
ASSETS • $40M investment in riverfront assets, parks, and riverwalks • Established success of new downtown apartments • Crosstown access through Riverloop bridge system • Iconic upgraded 4th Street bridge OPPORTUNITIES • Art Bloc 60 units multi-story residential • Riverfront housing sites from 7th to 11th (north side of river) • Key infill sites for multi-story residential, corporate, and commercial redevelopment • Whitewater kayak course leveraging upgraded dams RIVERFRONT REVITALIZATION
LIVE-WORK NEIGHBORHOOD OPPORTUNITIES • Commercial infill sites that radiate out from river, follow urban corridors, and connect to Main Street District • Riverfront housing sites from 7th to 11th (south side of river) • Additional neighborhood housing reinvestment • Small business investment opportunities ASSETS • Cedar River riverfront sites available • Ripe for reinvestment, adjacent to areas where redevelopment has occurred • Includes active community partners in historic Rath neighborhood • Access via riverfront trails and Riverloop bridge system
OPPORTUNITY ZONE: LA PORTE ROAD REVITALIZATION W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 31 ZONE TYPOLOGY*: Residential OPPORTUNITY ZONE JOBS 2015: 542 2010: 818 -34% change TOP 3 INDUSTRIES 1. Accommodation and Food Services (28%) 2. Educational Services (18%) 3. Administration & Support, Waste Management and Remediation (17%) OPPORTUNITY ZONE RESIDENTS 2017: 3,523 2010: 3,626 -3% change RESIDENTIAL VACANCY RATE 2014: 1% COMMERCIAL VACANCY RATE 2014: 6% *Typology Methodology inAppendix
LA PORTE ROAD COMMERCIAL REINVESTMENT OPPORTUNITIES • Commercial redevelopment sites along La Porte Road • Supporting development to Cadillac Bowling/Laser Tag Center, adding indoor recreational uses to commercial corridor ASSETS • Direct access to Interstate 380 (Cedar Rapids/Iowa City) and Highway 218 • $10M+ planned investment in corridor • Adjacent to Crossroads Mall area
OPPORTUNITY ZONES SOCIO-ECONOMIC PROFILE W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 33 Black Hispanic Foreign Born Poverty Median Household Income % Bachelors + % Some College % No High SchoolDegree % Under 18 % Over 65 Unemployment (Dec. 2018) BlackHawk County 9% 4% 5.4% 16% $26,528 28% 32% 9% 22% 15% 2.8% Waterloo 16% 6% 7.0% 17% $26,544 44% 32% 12% 24% 15% 2.6% Opportunity Zones 18% 13% 10.0% 25% $21,574 15% 28% 18% 25% 14% N/A Iowa 3% 6% 5.0% 12% $30,002 28% 33% 8% 23% 16% 2.4% United States 13% 18% 13.0% 15% $28,776 31% 29% 13% 23% 38% 3.9%
DIRECT LINK TO WATERLOO PROSPECTUS: www.cityofwaterlooiowa.com/OZprospectus DEPARTMENT OF COMMUNITY PLANNING AND DEVELOPMENT NOEL ANDERSON, DIRECTOR noel.anderson@waterloo.ia.org ADRIENNE MILLER, ECONOMIC DEVELOPMENT SPECIALIST adrienne.miller@waterloo-ia.org TIM ANDERA, PLANNER II tim.andera@waterloo-ia.org MAYOR QUENTIN M. HART (319) 291-4301 mayor@waterloo-ia.org (319) 291-4366 715 Mulberry Street Waterloo, Iowa 50703
APPENDIX TYPOLOGY METHODOLOGY AND SOURCES METHODOLOGY • Utilized the Longitudinal Employer- Household Dynamics (LEHD) data via OnTheMap application aggregated to the census tract level. • Calculated the ratio of jobs in the census tract to residents in the census tract TYPOLOGIES • Tier 1 Job Centers: >10 jobs to residents ratio • Tier 2 Job Centers: 2-10 jobs to residents ratio • Mixed Jobs/Residential: .5-2 jobs to residents ratio • Residential: <.5 jobs to residential ratio DATA SOURCES Unless otherwise noted • US Census, 2010 Decennial Census • US Census, American Community Survey 2013-2017 5-year Estimates • US Census, Longitudinal Employer-Household Dynamics (LEHD) • US Bureau of Labor Statistics, Local Area Unemployment Statistics
The use of the word “prospectus” for the purpose of the work contained herein is not to advertise about, endorse or in any other way to promote or offer specific investment opportunities in cities OR OTHERWISE. The urban investment prospectus is a template designed to help unify city leaders around a plan, to show what might occur in a city and to use as a tool to promote the city and its plans. The prospectus has been prepared for discussion purposes only and not to induce any one to enter into any agreement or transaction. For the avoidance of any doubt, the distribution of this prospectus does not constitute an offer to sell or a solicitation of an offer to buy any assets or equity securities or any investment of any kind. W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 36

More Related Content

PPTX
Metro Atlanta Opprtunity Zone Prospectus
byAlex Rudie
 
PPTX
Centergy Opportunity Zone Communities Summit
byAlex Rudie
 
PDF
Economic Place-making: How to Develop a "Neighborhood Business Plan"
byRWVentures
 
PPTX
Positioning Your Neighborhood for Economic Development
byRWVentures
 
PDF
North Georgia Digital Economy Presentation 2013
byState of Georgia
 
PPTX
Growth, stability or decline in rural enterprises - Michael Ridge, Director, ...
byenterpriseresearchcentre
 
PPTX
A New Economy for MNA
byEconomic Research Forum
 
PDF
HRF Upper Hunter Future Trends
byHunter Research Foundation Centre (HRFC) University of Newcastle
 
Metro Atlanta Opprtunity Zone Prospectus
byAlex Rudie
 
Centergy Opportunity Zone Communities Summit
byAlex Rudie
 
Economic Place-making: How to Develop a "Neighborhood Business Plan"
byRWVentures
 
Positioning Your Neighborhood for Economic Development
byRWVentures
 
North Georgia Digital Economy Presentation 2013
byState of Georgia
 
Growth, stability or decline in rural enterprises - Michael Ridge, Director, ...
byenterpriseresearchcentre
 
A New Economy for MNA
byEconomic Research Forum
 
HRF Upper Hunter Future Trends
byHunter Research Foundation Centre (HRFC) University of Newcastle
 

What's hot

PDF
JLL Great Lakes Full Circle Report 2017
byAbby Armbruster
 
PPTX
Hunter economic update - May 2015
byHunter Research Foundation Centre (HRFC) University of Newcastle
 
PPT
TASC-Hampton Roads Partnership Presentation
byMissy (Grubbs, Blankenship) Schmidt
 
PPT
Market-Based Community Economic Development
byRWVentures
 
PDF
Seeing the Forest and the Trees
byRWVentures
 
PDF
Alaska forward industry cluster eda presentation
byKathryn Dodge
 
PDF
Development Potential of Environmentally Impaired Land in U.S.
byJulie Bowden
 
PDF
GFRaugMM
byPeter Katz
 
PDF
Mobility District - Generic R+1
byPeter Katz
 
PPTX
Head and Regional Office Report Presenation
byHalifax Partnership
 
PDF
Africa investment potential
byKROTOASA FOUNDATION
 
PDF
OECD perspective on metropolitan areas
byJeanette Duboys
 
PDF
OECD productivity and jobs in a globalised world
byJeanette Duboys
 
PDF
Rochester NH State of the City 2014 kp
byKaren Pollard, CEcD, EDP
 
PDF
Mauro Pisu - The effect of public sector efficiency on firm-level productivit...
byOECD CFE
 
PPTX
Transforming Legacy Cities for the Next Economy
bygreaterohio
 
PDF
February 2016 U.S. employment update and outlook
byJLL
 
PDF
Multi level coordination
byJeanette Duboys
 
PDF
Folkestone Real Estate Outlook
byAmy Williams
 
JLL Great Lakes Full Circle Report 2017
byAbby Armbruster
 
Hunter economic update - May 2015
byHunter Research Foundation Centre (HRFC) University of Newcastle
 
TASC-Hampton Roads Partnership Presentation
byMissy (Grubbs, Blankenship) Schmidt
 
Market-Based Community Economic Development
byRWVentures
 
Seeing the Forest and the Trees
byRWVentures
 
Alaska forward industry cluster eda presentation
byKathryn Dodge
 
Development Potential of Environmentally Impaired Land in U.S.
byJulie Bowden
 
GFRaugMM
byPeter Katz
 
Mobility District - Generic R+1
byPeter Katz
 
Head and Regional Office Report Presenation
byHalifax Partnership
 
Africa investment potential
byKROTOASA FOUNDATION
 
OECD perspective on metropolitan areas
byJeanette Duboys
 
OECD productivity and jobs in a globalised world
byJeanette Duboys
 
Rochester NH State of the City 2014 kp
byKaren Pollard, CEcD, EDP
 
Mauro Pisu - The effect of public sector efficiency on firm-level productivit...
byOECD CFE
 
Transforming Legacy Cities for the Next Economy
bygreaterohio
 
February 2016 U.S. employment update and outlook
byJLL
 
Multi level coordination
byJeanette Duboys
 
Folkestone Real Estate Outlook
byAmy Williams
 

Similar to Waterloo: Opportunity Zone Prospectus

PDF
City of Waterloo - We Are Waterloo brochure
byDarren Shaw, SIOR
 
PPTX
Mike Murray Presentation: The Big Shift: Fostering Innovation in Waterloo Reg...
byCityAge
 
PDF
City of Waterloo Strategic Plan 2011
byWonderfulWaterloo
 
PPTX
dia 27/09/2011 - 14h às 17h30 - Talentos 2.0 - Karen Gallant
byRio Info
 
PPT
WATERLOO ICT CLUSTER
byRobert Lee
 
PDF
Waterloo Region Economic Development Study: Assessment of Economic Developmen...
byDarren Shaw, SIOR
 
PPTX
Planning to Layer Federal Funding
byIllinois ResourceNet
 
PDF
Indy livability challenge master show standard
byCleveland-Marshall College of Law
 
PDF
MVP 2021 Annual Report.pdf
byBriDobiesz
 
PDF
MVP_AR_2021.pdf
byBriDobiesz
 
PDF
2021 Annual Report: Progress Toward a Sustainable Future
byMichelleKramer16
 
City of Waterloo - We Are Waterloo brochure
byDarren Shaw, SIOR
 
Mike Murray Presentation: The Big Shift: Fostering Innovation in Waterloo Reg...
byCityAge
 
City of Waterloo Strategic Plan 2011
byWonderfulWaterloo
 
dia 27/09/2011 - 14h às 17h30 - Talentos 2.0 - Karen Gallant
byRio Info
 
WATERLOO ICT CLUSTER
byRobert Lee
 
Waterloo Region Economic Development Study: Assessment of Economic Developmen...
byDarren Shaw, SIOR
 
Planning to Layer Federal Funding
byIllinois ResourceNet
 
Indy livability challenge master show standard
byCleveland-Marshall College of Law
 
MVP 2021 Annual Report.pdf
byBriDobiesz
 
MVP_AR_2021.pdf
byBriDobiesz
 
2021 Annual Report: Progress Toward a Sustainable Future
byMichelleKramer16
 

More from Alex Rudie

PPTX
Greater Mankato growth inc: Visit Mankato strategic focus 2018
byAlex Rudie
 
PPTX
Visit Faribault: Fairbault Area Chamber of Commerce & Tourism
byAlex Rudie
 
PPTX
Funding Your Future: CVB Outline
byAlex Rudie
 
PPTX
Hill Capitol Legislative Lobbying
byAlex Rudie
 
PPTX
2019 MACE Conference Master Presentation
byAlex Rudie
 
PPTX
Partnership Strategies
byAlex Rudie
 
PPTX
Minne-Roadtrip Report
byAlex Rudie
 
PPTX
Step-by-Step Market Destinations
byAlex Rudie
 
PPTX
MACVB Compensation & Benefits Presentation
byAlex Rudie
 
PPTX
Final Four Guerilla Marketing
byAlex Rudie
 
PPTX
All the Things: Events as Assets
byAlex Rudie
 
PPTX
Village of Port Edwards: Opportunity Zone
byAlex Rudie
 
PPTX
Stevens Point: Opportunity Zone Project
byAlex Rudie
 
PPTX
Wausau Opportunity Zone Project
byAlex Rudie
 
PPTX
Leveraging Opportunity Zones in Wisconsin
byAlex Rudie
 
PPTX
Centergy Opportunity Zone Program Overview
byAlex Rudie
 
PPTX
How to Successfully Sell & Recruit in a Candidate-driven Market
byAlex Rudie
 
PPTX
Event Management
byAlex Rudie
 
PPTX
Immigration Issues & Policy
byAlex Rudie
 
PPTX
Cybersecurity Risks for Businesses
byAlex Rudie
 
Greater Mankato growth inc: Visit Mankato strategic focus 2018
byAlex Rudie
 
Visit Faribault: Fairbault Area Chamber of Commerce & Tourism
byAlex Rudie
 
Funding Your Future: CVB Outline
byAlex Rudie
 
Hill Capitol Legislative Lobbying
byAlex Rudie
 
2019 MACE Conference Master Presentation
byAlex Rudie
 
Partnership Strategies
byAlex Rudie
 
Minne-Roadtrip Report
byAlex Rudie
 
Step-by-Step Market Destinations
byAlex Rudie
 
MACVB Compensation & Benefits Presentation
byAlex Rudie
 
Final Four Guerilla Marketing
byAlex Rudie
 
All the Things: Events as Assets
byAlex Rudie
 
Village of Port Edwards: Opportunity Zone
byAlex Rudie
 
Stevens Point: Opportunity Zone Project
byAlex Rudie
 
Wausau Opportunity Zone Project
byAlex Rudie
 
Leveraging Opportunity Zones in Wisconsin
byAlex Rudie
 
Centergy Opportunity Zone Program Overview
byAlex Rudie
 
How to Successfully Sell & Recruit in a Candidate-driven Market
byAlex Rudie
 
Event Management
byAlex Rudie
 
Immigration Issues & Policy
byAlex Rudie
 
Cybersecurity Risks for Businesses
byAlex Rudie
 

Recently uploaded

PDF
Paul Turovsky - Entrepreneur And Real Estate Professional
byPaul Turovsky
 
PDF
Professional Insights into the Studio City Commercial Real Estate
byOne Source Real Estate
 
PDF
M3M Jewel - Retail Shops in Sector 25, MG Road, Gurgaon Brochure.pdf
byWEGROW INFRAVENTURES PRIVATE LIMITED
 
PDF
DLF The Creste in Sector 54, Golf course road, Gurugram Brochure
byWEGROW INFRAVENTURES PRIVATE LIMITED
 
PDF
Abhee Celestial City Upcoming projects in Sarjapur Road Brochure & Floor Plan...
bySarjapur Road Projects
 
PDF
Stoney Hill Condominiums, Westfield, MA 01085 Market Update: What Recent Sale...
byLesley Lambert
 
PDF
URBANISATION: MAKING INDIA’S CITIES WORK FOR ITS CITIZENS.pdf
byRAGHU RAM
 
PDF
NLI 2026 February Featured Properties Portfolio
byListing Turkey
 
PDF
Difference Between a Building Company and a Construction Company
byFidem Property + Construction
 
PPTX
Apply Now Residential rental loans lenders USA | Red Rock Capital
byRed Rock Capital
 
PDF
Listing Turkey 2026 - February Portfolio
byListing Turkey
 
PDF
Why-Communities-Fail-Without-Integrated-Security.pptx.pdf
byOhhproJunction
 
PDF
dlf alameda Luxury Apartments onSouthern Peripheral Road (SPR) , Gurugram
byWEGROW INFRAVENTURES PRIVATE LIMITED
 
PDF
Vacant Land for Sale - 3612 Pioneer Road, Town of Middleton, WI
byLee & Associates of Madison, WI
 
Paul Turovsky - Entrepreneur And Real Estate Professional
byPaul Turovsky
 
Professional Insights into the Studio City Commercial Real Estate
byOne Source Real Estate
 
M3M Jewel - Retail Shops in Sector 25, MG Road, Gurgaon Brochure.pdf
byWEGROW INFRAVENTURES PRIVATE LIMITED
 
DLF The Creste in Sector 54, Golf course road, Gurugram Brochure
byWEGROW INFRAVENTURES PRIVATE LIMITED
 
Abhee Celestial City Upcoming projects in Sarjapur Road Brochure & Floor Plan...
bySarjapur Road Projects
 
Stoney Hill Condominiums, Westfield, MA 01085 Market Update: What Recent Sale...
byLesley Lambert
 
URBANISATION: MAKING INDIA’S CITIES WORK FOR ITS CITIZENS.pdf
byRAGHU RAM
 
NLI 2026 February Featured Properties Portfolio
byListing Turkey
 
Difference Between a Building Company and a Construction Company
byFidem Property + Construction
 
Apply Now Residential rental loans lenders USA | Red Rock Capital
byRed Rock Capital
 
Listing Turkey 2026 - February Portfolio
byListing Turkey
 
Why-Communities-Fail-Without-Integrated-Security.pptx.pdf
byOhhproJunction
 
dlf alameda Luxury Apartments onSouthern Peripheral Road (SPR) , Gurugram
byWEGROW INFRAVENTURES PRIVATE LIMITED
 
Vacant Land for Sale - 3612 Pioneer Road, Town of Middleton, WI
byLee & Associates of Madison, WI
 

Waterloo: Opportunity Zone Prospectus

  • 1.
    W A TE R L O O • I N V E S T M E N T P R O S P E C T U S Preparedby VANDEWALLE & ASSOCIATES in collaborationwith THE CITY OF WATERLOO MARCH 2019 WATERLOO OPPORTUNITY ZONE PROSPECTUS A Platform for Action Based on the Accelerator for America Prospectus Template
  • 2.
    Waterloo is adiverse city with a legacy of entrepreneurship and innovative power. • Invests with impact, a city of 68,146 residents leveraging $100 million in downtown investment in the last 10 years. • Growing and diversified economy, with regional industry strengths in manufacturing, health care, trade and transportation, and business services. • Successful public-private partnerships led to $180 millionin additional pledged investment. • Proximity to University of Northern Iowa generates workforce training and applied manufacturing technology pipeline that includes high schools, higher education, and local businesses. • The Cedar River is a regional destination for recreationand entertainment. • Regional market strength – proven return on investment on real estate and new businesses • Infrastructure ready for growth – low water and utility rates; high capacity available • Vibrant new hotel and restaurant in walkable, historic downtown MAYOR QUENTIN M. HART (319) 291-4301 mayor@waterloo-ia.org EXECUTIVE SUMMARY W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 2
  • 3.
    WHY WATERLOO Catalytic Investment Be Partof the Investment Momentum $180M in Shovel- ready Projects Impactful OZ Projects: Convention Center & Hotel, Multi-Story Residential, Desirable Infill Sites Human Capital Supply Chain Generating Businesses that Innovate Businesses and Residents Choosing Walkable Downtown Active Lifestyle Culture: Recreational River, Trails, Downtown Sportsplex Quality of Life Urban and Natural Recreational Assets Professional Feeder League Sports: Blackhawks Hockey & Waterloo Bucks Baseball Vibrant Business & Entertainment District W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 3
  • 4.
    POPULATION 2010 POPULATION2017 % CHANGE SQ. MILES MSA 167,819 170,055 1% 1,498 City of Waterloo 68,406 68,146 0% 63.2 Zones 7,155 6,780 -5% 1.84 GEOGRAPHY OF WATERLOO OPPORTUNITY ZONES W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 4
  • 5.
    WATERLOO MOMENTUM BY THENUMBERS • Investing Impact: $100 million invested in Downtown Waterloo • Investment-Pipeline: $180 million investment planned • Corporate Leadership: $1.5 billion investment by John Deere Waterloo with pledged continued commitment • Strong Workforce: national leader in heavy machinery advanced manufacturing, education/ knowledge creation, metalworking technology, and wood products BY THE ASSETS • Riverfront Transformation: Recreation of Cedar River from industrial use to community destination • Applied Education and Training: University of Northern Iowa and Hawkeye Community College Downtown Facilities • Leadership with Integrity: AA2 Bond Rating and government history with successful public-private partnerships BY THE OPPORTUNITY ZONES • Core Strength: 3 Opportunity Zone tracts located in the heart of Waterloo • Historic Downtown: Continued Growth of new industries, venues, and businesses • Invest with Impact: Investment in Waterloo Opportunity Zones will expand economic momentum and growth to vulnerable residents W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 5
  • 6.
    WATERLOO: “the place tolive, work, play, and raise a family” WATERLOO ECONOMIC DEVELOPMENT WEBSITE: www.waterlooida.org DIRECT LINK TO WATERLOO PROSPECTUS: www.cityofwaterlooiowa.com/OZprospectus MAYOR QUENTIN M. HART (319) 291-4301 mayor@waterloo-ia.org (319) 291-4366 715 Mulberry Street Waterloo, Iowa 50703 DEPARTMENT OF COMMUNITY PLANNING AND DEVELOPMENT NOEL ANDERSON, DIRECTOR noel.anderson@waterloo.ia.org ADRIENNE MILLER, ECONOMIC DEVELOPMENT SPECIALIST adrienne.miller@waterloo-ia.org TIM ANDERA, PLANNER II tim.andera@waterloo-ia.org OPPORTUNITY ZONE C O N T A C T S W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 6
  • 7.
    WATERLOO BY THENUMBERS W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 7
  • 8.
    WATERLOO METRO ECONOMY JOBGROWTH 2000-2010 +.9% 2011-2018 +2.2% EMPLOYEES UNDER AGE 29 2002-2010 -12% 2011-2015 -5% TOTAL WAGES 2001-2010 +38% 2010-2017 +22% AVERAGE MONTHLY EARNINGS 2000-2010 +37% 2011-2017 +12% UNEMPLOYMENT W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 8 2000-2010 6.6% 2011-2017 3.9%
  • 9.
    #9 BEST JOB MARKETIN AMERICA 2018 - Zippia 2018 GREENEST CITY AWARD - Insurify #9 BEST PLACES TO BUY A STARTER HOME FOR MILLENNIALS 2019 - Realtor.com 2018 SMALL BUSINESS COMMUNITY OF THE YEAR - SBA WATERLOO BY THE RANKINGS W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 9
  • 10.
    WATERLOO EMPLOYMENT PROFILE WA T E R L O O • I N V E S T M E N T P R O S P E C T U S 10 2002 COUNT 2015 COUNT 2002-2015 GROWTH 2002-2015 % GROWTH Manufacturing 10,617 13,517 2,900 27.3% Health Care, Social Assistance & Educational Services 9,492 10,420 928 9.8% Trade, Transportation & Warehousing 8,015 7,791 -224 -2.8% Accommodation & Food Services 2,718 2,988 270 9.9% Public Administration 2,224 2,194 -30 -1.3% Professional & Business Services 1,523 1,788 265 17.4% Construction, Mining & Utilities 1,728 1,476 -252 -14.6% Finance & Insurance 2,159 1,406 -753 -34.9% Information 676 328 -348 -51.5%
  • 11.
    WATERLOO-METRO LARGEST NON-GOVERNMENTAL EMPLOYERS WA T E R L O O • I N V E S T M E N T P R O S P E C T U S 11 EMPLOYER TYPE OF BUSINESS APPROX. NUMBER OF EMPLOYEES John Deere Waterloo Operations Manufacturing 5,000 Tyson Fresh Meats Food Processing 2,900 Wheaton Franciscan Healthcare Health Care 2,883 UnityPoint Health Health Care 2,520 University of Northern Iowa Higher Education 1,816 Hy-Vee Food Store Grocery 1,733 Omega Cabinets, Ltd. Manufacturing 994 VGM Group* Diversified 941 Bertch Cabinet Manufacturing Manufacturing 925 Hawkeye Community College* Higher Education 773 Source: Greater Cedar Valley Alliance & Chamber, Cedar Valley Fact Sheet. Spring 2018 *Received updated data from employer. 2019
  • 12.
    JOHN DEERE WATERLOO WATERLOO LEADERS ANDPARTNERS Successful Public Private Partnership led by the City of Waterloo and Waterloo Development Corporation with other key partners have leveraged almost $300 million in current and future projects
  • 13.
    ECONOMIC DEVELOPMENT STRATEGY/INITIATIVES INITIATIVES • Enhancement ofDowntown civic destinations • $12M Hawkeye Community College Downtown Campus • $30M Cedar Valley SportsPlex • $15M outdoor Expo Grounds + RiverLoop Amphitheater • $6M+ for Youth Pavilion • Proven track record of executing complex financing tools – TIF, CURA, Gaming funding, Brownfields, State and Federal Grants, New Markets Tax Credits • $360 million in tourism, driven by Downtown and Riverfront destination investments
  • 14.
    WATERLOO BY THEASSETS W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 14
  • 15.
    IN DOWNTOWN WATERLOO SMALL CITY– BIG IMPACT: BIG RETURN ON INVESTMENT • $180 million in new investment in Downtown Waterloo • $100 million in planned future investment • Corporate leadership: $1.5 billion investment by John Deere in Cedar Valley facilities and products in 15 years • 290 NEW housing units • Over 600 NEW downtown residents • Total estimated downtown spending of $1.7 million annually Every $1 Attracts $7 More W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 15
  • 17.
    LARGEST EMPLOYERS 1. John DeereWaterloo Operations 2. Tyson Fresh Meats 3. MercyOne Healthcare 4. UnityPoint Health 5. University of Northern Iowa 6. Hy-Vee Food Stores 7. Omega Cabinets, Ltd. 8. VGM Group 9. Bertch Cabinet Manufacturing 10. Hawkeye Community College
  • 18.
    WATERLOO RIVERFRONT Along the CedarRiver in downtown Waterloo, over $30 Million was invested in the RiverLoop Amphitheater and connected Riverwalk system in the past 10 years to host riverfront concerts, festivals, and fireworks. Over 60 upscale apartments are being constructed adjacent to this venue. Over 110 miles of paved, multi-use trails and 10 miles of paddling trails run along the Cedar River. The revitalization of an industrial river to a premier location for new residential apartments and civic entertainment venues is underway, with more project sites and investment opportunities available. W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 18
  • 19.
    WATERLOO ACCESSIBILITY WATERLOO REGIONALAIRPORT (ALO) • Daily flights to and from Chicago (ORD) with connections anywhere in the world • $3.5 million in improvements to runways, taxiways, and parking areas HIGHWAY ACCESS • Crossroads of US/Iowa Hwy 218 and 63 and 20, providing access to 5 major metropolitan areas and employment centers within 5 hours RAIL ASSETS • Transloading service with 3 major railroads (INR, CN, UP) AFFORDABLE UTILITIES WITH CAPACITY TO GROW • Lowest combined water and sewer rates in the state • Redundant, low cost electricity with 70% in renewable wind energy W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 19
  • 20.
    TECHWORKS INNOVATION CAMPUS • Gorgeously renovated$40M Marriott Courtyard hotel in historic John Deere Manufacturing space • Attracts 59,000 visitors to the Cedar Valley region annually • Active Cedar Valley Makerspace • North America’s largest 3D sand printing additive manufacturing facility • John Deere Tractor & Engine Museum • Adjacent to John Deere Waterloo Works Advanced Manufacturing Operations ENTREPRENEURSHIP • Legacy of innovation in manufacturing, tech, ag, and food processing • High-tech supply chain supports John Deere manufacturing and seeds innovation • Millennial entrepreneurs launching successful investment and projects in Downtown Waterloo • 32 businesses opened downtown in 2018 • 2018 SBA Small Business Community of the Year W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 20
  • 21.
    HEALTH CARE SYSTEM + WORKFORCE TRAINING •12,000 students • 160 majors, minors, and areas of study • $3.3M R&D expenditures • Money Magazine's "2018 Best Colleges for Your Money" • Enhanced STEM internships, co-funded by state-level partnership • Essential workforce/training pipeline to local/regional businesses REGIONAL SCALE INSTITUTIONS • Unity Point Hospital & Clinics • Allen College (Unity Point affiliate) - provides training and higher education programs for nursing and health science for 300+ students • MercyOne Hospital & Clinics UNIVERSITY OF NORTHERN IOWA
  • 22.
    DOWNTOWN EDUCATION AND TRAINING UNIVERSITY OF NORTHERNIOWA METAL CASTING CENTER • A national leader in foundry research, applied technology, and technical business assistance • Education for a Vital Industry: More than 90% of manufactured durable goods contain metal castings • Hands on Learning with Industry Partners • Superior Resources: The MCC Additive Manufacturing Center is home to North America’s largest 3D Printer HAWKEYE COMMUNITY COLLEGE VAN G. MILLER ADULT LEARNING CENTER W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 22 • $11.8M downtown campus opened 2019 • Center for education and workforce training opportunities • Brand new 45,000 square foot building that includes learning and student support services • Capacity to serve 4,000 students
  • 23.
    WATERLOO BY THE OPPORTUNITYZONES W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 23
  • 24.
    OPPORTUNITY ZONES OVERVIEW 3OPPORTUNITY ZONE TRACTS 13 WATERLOOTRACTS 23% OF ALL TRACTS 6,780 68,146 9% OPPORTUNITY ZONE POPULATION WATERLOO POPULATION TOTAL POPULATION W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 24
  • 25.
    OPPORTUNITY ZONE: DOWNTOWN ZONE TYPOLOGY*:Mixed Jobs/Residential OPPORTUNITY ZONE JOBS 2015: 4,641 2010: 5,290 -12% change TOP 3 INDUSTRIES 1. Public Administration (41%) 2. Accommodation and Food Services (8%) 3. Other Services (non-Public Administration) (8%) OPPORTUNITY ZONE RESIDENTS 2017: 3,257 2010: 3,529 -8% change; 100s of units coming online in 2018-2019 RESIDENTIAL VACANCY RATE 2014: 7% COMMERCIAL VACANCY RATE 2014: 12% *Typology Methodology in Appendix W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 25
  • 26.
    CONVENTION CENTER REMODEL/EXPANSION + HOSPITALITY ASSETS •One block from Cedar River • Award-winning Expo Grounds for indoor/outdoor events • Adjacent to 556 spaces in parking structure • Walkable to 4th Street entertainment and restaurants OPPORTUNITIES • Renovate and expand active Five Sullivan Brothers Convention Center • Renovate Ramada convention hotel • Develop adjacent infill site for additional hotel space and multi- story residential • Renovate historic Cedar River Plaza building for commercial use
  • 27.
    DOWNTOWN/MAIN STREET COMMERCIAL & ENTERTAINMENT ASSETS •Prime investment area given proven track record of success • Competitive incentives available • Adjacent to impressive amenities, such as SingleSpeed Brewery, Cedar Valley SportsPlex, RiverLoop Amphitheater, Expo Grounds, and Dan Gable Wrestling Museum OPPORTUNITIES • Historic Black’s Building renovation for commercial/hotel use • New construction multi-family apartments (60-70 units) + commercial across from Single Speed Brewery • Renovation of unique, historic building stock for apartments or commercial uses • Catalytic infill site adjacent to substantial parking structure • Small business investment opportunities
  • 28.
    WALNUT NEIGHBORHOOD REVITALIZATION •All-In Grocers – community-supported solution for local food desert • Chicago Central & Pacific Railroad yard relocation and redevelopment • Neighborhood housing reinvestment ASSETS OPPORTUNITIES • Active community leadership & support • Current momentum with single-family housing reinvestment • Community centers, schools, and non- profits anchored here
  • 29.
    ASSETS • $40M investmentin riverfront assets, parks, and riverwalks • Established success of new downtown apartments • Crosstown access through Riverloop bridge system • Iconic upgraded 4th Street bridge OPPORTUNITIES • Art Bloc 60 units multi-story residential • Riverfront housing sites from 7th to 11th (north side of river) • Key infill sites for multi-story residential, corporate, and commercial redevelopment • Whitewater kayak course leveraging upgraded dams RIVERFRONT REVITALIZATION
  • 30.
    LIVE-WORK NEIGHBORHOOD OPPORTUNITIES • Commercial infillsites that radiate out from river, follow urban corridors, and connect to Main Street District • Riverfront housing sites from 7th to 11th (south side of river) • Additional neighborhood housing reinvestment • Small business investment opportunities ASSETS • Cedar River riverfront sites available • Ripe for reinvestment, adjacent to areas where redevelopment has occurred • Includes active community partners in historic Rath neighborhood • Access via riverfront trails and Riverloop bridge system
  • 31.
    OPPORTUNITY ZONE: LA PORTE ROAD REVITALIZATION WA T E R L O O • I N V E S T M E N T P R O S P E C T U S 31 ZONE TYPOLOGY*: Residential OPPORTUNITY ZONE JOBS 2015: 542 2010: 818 -34% change TOP 3 INDUSTRIES 1. Accommodation and Food Services (28%) 2. Educational Services (18%) 3. Administration & Support, Waste Management and Remediation (17%) OPPORTUNITY ZONE RESIDENTS 2017: 3,523 2010: 3,626 -3% change RESIDENTIAL VACANCY RATE 2014: 1% COMMERCIAL VACANCY RATE 2014: 6% *Typology Methodology inAppendix
  • 32.
    LA PORTE ROAD COMMERCIAL REINVESTMENT OPPORTUNITIES •Commercial redevelopment sites along La Porte Road • Supporting development to Cadillac Bowling/Laser Tag Center, adding indoor recreational uses to commercial corridor ASSETS • Direct access to Interstate 380 (Cedar Rapids/Iowa City) and Highway 218 • $10M+ planned investment in corridor • Adjacent to Crossroads Mall area
  • 33.
    OPPORTUNITY ZONES SOCIO-ECONOMIC PROFILE WA T E R L O O • I N V E S T M E N T P R O S P E C T U S 33 Black Hispanic Foreign Born Poverty Median Household Income % Bachelors + % Some College % No High SchoolDegree % Under 18 % Over 65 Unemployment (Dec. 2018) BlackHawk County 9% 4% 5.4% 16% $26,528 28% 32% 9% 22% 15% 2.8% Waterloo 16% 6% 7.0% 17% $26,544 44% 32% 12% 24% 15% 2.6% Opportunity Zones 18% 13% 10.0% 25% $21,574 15% 28% 18% 25% 14% N/A Iowa 3% 6% 5.0% 12% $30,002 28% 33% 8% 23% 16% 2.4% United States 13% 18% 13.0% 15% $28,776 31% 29% 13% 23% 38% 3.9%
  • 34.
    DIRECT LINK TOWATERLOO PROSPECTUS: www.cityofwaterlooiowa.com/OZprospectus DEPARTMENT OF COMMUNITY PLANNING AND DEVELOPMENT NOEL ANDERSON, DIRECTOR noel.anderson@waterloo.ia.org ADRIENNE MILLER, ECONOMIC DEVELOPMENT SPECIALIST adrienne.miller@waterloo-ia.org TIM ANDERA, PLANNER II tim.andera@waterloo-ia.org MAYOR QUENTIN M. HART (319) 291-4301 mayor@waterloo-ia.org (319) 291-4366 715 Mulberry Street Waterloo, Iowa 50703
  • 35.
    APPENDIX TYPOLOGY METHODOLOGY ANDSOURCES METHODOLOGY • Utilized the Longitudinal Employer- Household Dynamics (LEHD) data via OnTheMap application aggregated to the census tract level. • Calculated the ratio of jobs in the census tract to residents in the census tract TYPOLOGIES • Tier 1 Job Centers: >10 jobs to residents ratio • Tier 2 Job Centers: 2-10 jobs to residents ratio • Mixed Jobs/Residential: .5-2 jobs to residents ratio • Residential: <.5 jobs to residential ratio DATA SOURCES Unless otherwise noted • US Census, 2010 Decennial Census • US Census, American Community Survey 2013-2017 5-year Estimates • US Census, Longitudinal Employer-Household Dynamics (LEHD) • US Bureau of Labor Statistics, Local Area Unemployment Statistics
  • 36.
    The use ofthe word “prospectus” for the purpose of the work contained herein is not to advertise about, endorse or in any other way to promote or offer specific investment opportunities in cities OR OTHERWISE. The urban investment prospectus is a template designed to help unify city leaders around a plan, to show what might occur in a city and to use as a tool to promote the city and its plans. The prospectus has been prepared for discussion purposes only and not to induce any one to enter into any agreement or transaction. For the avoidance of any doubt, the distribution of this prospectus does not constitute an offer to sell or a solicitation of an offer to buy any assets or equity securities or any investment of any kind. W A T E R L O O • I N V E S T M E N T P R O S P E C T U S 36