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HomeMy WebLinkAbout255809 03/01/16 t� CITY OF CARMEL, INDIANA VENDOR: 119775 ONE CIVIC SQUARE HAMILTON COUNTY ECON DVMT CORFCHECK AMOUNT: $"'*85,927.00' CARMEL, INDIANA 46032 INVEST HAMILTON COUNTY CHECK NUMBER: 255809 37 E MAIN ST CHECK DATE: 03/01/16 . *ox CARMEL IN 46032 DEPARTMENT ACCOUNT PO NUMBER INVOICE NUMBER AMOUNT DESCRIPTION 1401 4358700 2016 85,927.00 HAM CNTY ECON DVMT FE VOUCHER NO. WARRANT NO. ALLOWED /y ,� 20 � � UWI„(TTorN COIAVI�-1 IN SUM OF $ O p��i $ � q �� vv . ON ACCOUNT OF APPROPRIATION FOR 00un ell 5� q— Board Members PO#or INVOICE NO. ACCT#!TITLE AMOUNT DEPT.# I hereby certify that the attached invoice(s), 6ffla– g6 q01---or bill(s) is (are) true and correct and that the materials or services itemized thereon for which charge is made were ordered and received except w t 20 -13 -- — �t;x51LCsiilw7Q Cost distribution ledger classification if Title --- claim paid motor vehicle highway fund Prescribed by State Board of Accounts ACCOUNTS PAYABLE VOUCHER City Form No.201(Rev.1995) CITY OF CARMEL An invoice or bill to be properly itemized must show: kind of service, where performed, dates service rendered, by whom, rates per day, number of hours, rate per hour, number of units, price per unit, etc. � `r Payee I+ n V S fl C 't rl�Purchase Order No. I L Terms �C�I�►'y��,< �yL T 4' �� Date Due Invoice Invoice Description Amount Date Number (or note attached invoice(s) or bill(s)) 9a Total I hereby certify that the attached invoice(s), or bill(s), is (are)true and correct and I have audited same in accor- dance with IC 5-11-10-1.6. 20 Clerk-Treasurer invest. hamilton county INDIANA 2016 Investment Invoice The Hamilton County Economic Development Corporation mission - To encourage and facilitate the attraction of corporate investment and jobs throughout Hamilton County, Indiana in order to expand the county's nonresidential tax base. 2016 Goals t,, -v ca��,� � S' �U�Ls 2 0,,o lam- AC"A/19 Goal #1 - Communicate monthly to 1,140 c-suite executives with 285 target companies the location advantages of the City of Carmel. 1 hit H Goal #2 - HCED Business Intelligence Center will create customized collateral information to support the City of Carmel recruitment qac efforts �� oil�� Nis ? �� 01;0 1-/V, 02, /V) ? </ Goal #3 - Communicate monthly with 600 site consultants to increase 011 awareness of the locational advantages of the City of Carmel. wN xa Dt>� M,I Ad2 Goal #4 - Represent the City of Carmel at national site consultant forums and target industry professional forums. L u.,4A-- Ate- yD"`" W q- 11 1 Amount based on$1.00 per resident using the US Census 2013 Population Estimate. p is /Y '7 p Hamilton County _conomic Development Corpos,ation 37 East Main Sireet,Carmel,IN 46032 • • JUST NORTHOF INDY invest9 . hamilton county -- INDIANA January 19,2016 Mayor James Brainard City of Carmel One Civic Square . Carmel,IN 46032 Dear Mayor Brainard, Thank you for your investment in the Hamilton County Economic Development Corporation.We look forward to our continued partnership with the City of Carmel to attract new corporate investment and jobs in 2016. 2015 was another good year in Hamilton County for announced corporate investment and jobs.In 2015 there were 33 announced corporate projects with proposed jobs totaling 2,161 and approximately$234 million of capital investment. Congratulations to you and your economic development team for contributing to the county's Liiwiaceconomy. mehle z-hecountuwithsths stannouneedwEoiects.jobs and investment.Our tracking shows the City of Carmel a 15 announced projects wi h 1,319 jobs and$106 million of investment. lam' tq,0 e� 17 The Hamilton County Economic Development Corporation looks forward to representing Carmel in pursuit of new corporate investment and jobs.In 2015 we ramped up our outreach to 1,140 c-suite executives with 285 target companies and 600 site consultants.Our communications includes both direct mail and email,including the HCED quarterly"location intel."We created the Business Intelligence Center,powered by Duke Energy,to provide information on the location advantages of Hamilton County to corporate clients.One example of the Center's work is the newly created 7 Finance and Insurance industry cluster overview. �;,� b�, UJB Enclosed is an invoice for the City of Carmel 2016 Investment.On behalf of the HCED Board and staff,thank you to the Carmel City Council,Carmel economic development team and you for your commitment to economic development. who l.� 641 �� i�A� Best regards, Timot y J.Monger - President&CEO Cc: ChrSue1PClerk-Treasurer a4 FinkamCarmel City Council w �' CvP G Havaeai@on Count; Economic Development f'orporacion - .e o 0 0 • � -°• �_=.r .. z��-,, mow. ,� '.� •T �,��<. ��.. , ti maton count t e+ I DID I ANA US�- a - M�—,x -"`� -*_^F..- j=tea°' 990 Finance & Insurance Hamilton County ranked 25th nationally(2o13)among counties for the x w percentage of employment,nearly 1o/,in Finance and Insurance,according to the Bureau of Labor Statistics.Data from EMSI Analyst show that in 2015 the A s industry employed over 13,000 in Hamilton County,which is 1441 above the ,:?4, national average.The percentage change in industry employment from 2012-2015 was 33.3%compared to 3.2%growth nationally.Economic out for the industry in 2oi3 was$2.83 billion,which was 17%of the County's total. ,�;Y4= _ 41 W DOD` O n . © U < s`e : tet,. t,,.,,• ��`-;-_. � x - - Ch1ef�Executives 1 of 18,6 97 3 General Operations Managers 0.94 24% $5171 ( Yx r Marketing Manageis :l, 29 Sales Managers 1.61 25% $53-99 n, - . Financiar Manageis 1 28 19550 Information Systems Managers 1.47 30% $57.70 Education l Pipeline In 2013,regional higher education institutions-those within a 75 mile radius of downtown Indianapolis-conferred 55,268 degrees ranging from a two year certificate to a doctoral degree. Ke11ey School of Business,Indiana University Bloo"mington 5 504 1 S25 Krannert School of Management-Purdue University-West Lafayette 2,594 753 Ke11ey.School of Business,Indiana University-Indianapolis 1,138 514 Scott College of Business,Indiana State University-Terre Haute 1,267 88 Miller College of Business Ball State University-Muncie z,3g 295 IT 'Sources:STA TS America,BLS;EMSI Ana lyst2o15,Q3;JLL 2025,Q3;U.S.Census Bureau. �� � �}+� vY CITY OF CARMEL,INDIANA VENDOR: 119775 .;g .• ONE CIVIC SQUARE HAMILTON COUNTY ECON DVMT CORFCHECK AMOUNT: $•"`85,927.00• s9 � CARMEL,INDIANA 46032 INVEST HAMILTON COUNTY CHECK NUMBER: 241513 37 E MAIN ST CHECK DATE: 01/27/15 CARMEL IN 46032 DEPARTMENT ACCOUNT PO NUMBER INVOICE NUMBER AMOUNT DESCRIPTION 1401 4358700 2015 85,927.00 HAM CNTY ECON DVMT FE eo�� iffiv, est01nance and Insurance ha i0tcn county I'ND'IANA _ 1 —= P.- Finance..& Insurance' Hamilton County ranked 25th.'nationally(2013)among counties for the RESIDENTS OF of em to ment,"nearl 10 ,in Finance and Insurance,accordin to � • percentage. P .Y . . Y. . g5 BACHELORS the Bureau-of Labor Statistics.Data from EMSI Analyst show that in-2015 the OR industry employed over 13,000 in.Hamilton County,which is 1441 above the. national,average.The percentage change in industry employment from 2012-2015 was 33.3%.compared-to 3.2%growth nationally.Economic output for = the industry.in 2.018 was$2.83 billion,which was 17%of the County's total. POPULATION GROWTH SINCE Location Employment Median Hourly ••• Hamilton County,IN Quotient Change(5-year) Earnings 66 Yo Chief Executives 1.01 18% $97.35 e General Operations.Managers 0.94 24% $51.71" — —Marketing Managers V'1.59 '' 29% $48.38 { 3605000 Sales Managers 1.61 25% $53.99 ry Financial Managers _ 1.28 a 19% V $56Ao - _I • • PROJECTED ••• • Information Systems Managers 1.47 30% $57.70 Edudationai-Pipeline In 2013,regional higher education institutions-those within a 75 mile radius of downtown Indianapolis-conferred,55,268 degrees ranging from a two year certificate to a doctoral degree. Business/Management School Enrollment Undergraduate Graduate .Kelley School of Business,Indiana University. Bloomington 5.504 1,525 Y Krannert School of.Management .Purdue University-West Lafayette 2,594 753 Kelley School of Business,Indiana University-Indianapolis ?s T 1,138 s ' -� - 514 Scott College of Business,Indiana State University-Terre Haute 1,267 88 T _ Miller College of Business,Ball State University`Muncie— _2.391.:: 295 'Sources:STATSAmerica,BLS;EMSI Analyst 2015,Q3:AL 2015,Q3:U.S.Census Bureau. invest9 Finance - • Insurance hamdton county - INDIANA ENT Lnrty CNO FINANCIAL GROUP FREEDOM MORTGAGE° Mutual. GEICO. Baldwin&Lyons,In NEXT�Ei4R CAPITAL The Pledge n oJExedlmGROUP"A P I T L: Location Advantages of Hamilton County- Indiana ounty- Indiana is one of only 11 states to receive a AAA credit rating from all 3,major credit rating agencies. • Ranked#1 state in 2015 as lowest in cost of doing business in the U.S. • Corporate income tax is.decreasing from the current 6.5%to 4.9%to 2021. • Indianapolis International Airport named"Best Airport in North America"by Airports Council International,2010, 2012,2013,2014 and 2015. Carmel,Fishers and-Noblesville ranked#1,#4 and#20,respectively,in the"Best Small Cities to Live In according to Nerdwallet,20i4.. Operating Cost Comparison The Operating Cost Comparison is based on a business unit of 150 employees in 40,000 SF. Location Employment Average Class A Class A Employment Real Estate Cost Combined Location Quotient Change Earnings Urban Suburban Cost (Suburban) Co.st Indianapolis,IN i.o6 2% $88,205 $20.73 $20.64 $13,230,750 $825,600 $14,056,350 Hamilton County,IN P-44 24% $941364 ri/a $21.01 $14,154,600 $840,400 $14,995,000 Dallas,TX 1.47 15% $102,774 $26.28 $25.86 $15,416,ioo $1,034,400 $16,450,500 1-'- - - - - - - -- - - - -- -- - - -- - --- - - -- - Atlanta,GA 1.o8 14% $110,030 $25.58 $23.93 $16,504,500 $957,200 $17,461,700 .j Baltimore,MD 1.27 2% $115,327 $25.30 ,$25.59 $17,299,050 $1,023,600 $18,322,650 I Los Angeles,CA 1.14 1% $126,493 $38.35 $37.70 $18,973,950 $1,5o8,000 $20,481,950 Washington,DC-VA' 2.o8 -2% $127,941 $59.26 $36.26 $19,191,150 $1,450,400 $20,641,550 Chicago,IL 1.09 -3% $135,838 $32.10 $25.80 $20,375,700 $1,032,000 $21,407,700 Boston,MA 1.24 0% $173,454 $37.95 $25.04 $26,018,100 $i,00i,600 $27,019,700 San Francisco,CA' 1.44 -3% $199,056 $69.93 $66.01 $29,858,400 $2,640,400 $32,498,800 New York,NY' 1.21 2% $259,635 $78.io $29.04 $38,945,250 $1,i6i,60o $40,1o6,85o 'Suburbs:Northern Virginia(Washington D.C.),Non-CBD(San Francisco),Northern New Jersey(New York) 'Sources:STATSAmerica,BLS;EMSI Analyst 2015,Q3;JLL 2015,Q3;U.S.Census Bureau. PresidentTim Konger • 317,573.4950 Consultant Connect Atlanta, GA January 21 - 22, 2016 Thursday,January 21, 2016: Amy Gerber: Jones Lang LaSalle Chris Schastok: CBRE James Blair: Navigator Consulting-specializes with companies located in Europe expanding into the U.S. Before starting his own firm he worked for the German American Chamber of Commerce and the State of Georgia including heading up Georgia's European office for 18 years. Kathy Mussio: Atlas Insight Lindsey Myers: McCallum Sweeney Mike Dvorsak: The William B. Hare Company-his projects are mostly distribution and logistics. Rajeev Thakur: Newmark Grubb Knight Frank Carol Henderson: Cushman&Wakefield John Longshore: Global Location Strategies Friday,January 22, 2016: Ann Petersen: Jones Lang LaSalle Carter Wood: Ernst&Young Martin Brannon: Mohr Partners Rose Burden: Ernst&Young LLP Sara Maffey Duncan: Edgewood Strategies -before starting her own firm in 2015 she worked as a Senior Consultant with Cushman&Wakefield. Derith Jarvis: Mohr Partners Matt Eddleman: The Austin Company There were only eight economic development representatives attending the summit.The program started each day with our moderator asking about various issues. It was a time for the consultants to openly respond with their opinions and experiences. Most of the discussions centered around workforce,site visits and communication. We have all heard most of their comments however; it was more of a time used to open up the dialogue. The remainder of our time was spent in individual meetings with the consultants to talk about our regions. The following are some of the comments, opinions,and suggestions made by the consultants: WORKFORCE: • Talent attraction has to be community based. Need to go into schools and present options to students at a much earlier age. College isn't necessarily the best decision. • Companies want to know we have programs to attract and retain people in our area. • There is a disconnect with the way companies are hiring young talent. Companies indicate they will hire a candidate without experience and then train them to work for their company long term. The disconnect is that many 25 year olds view their career path differently. It's not necessarily a goal to stay long term with a company. Rather,they consider each job as a"project". An average 25 year old will have 15 to 20 "projects" throughout their career with many different companies. Companies are frustrated by the investment they have,made to train the young talent and the high turnover rate. SITE VISITS • During site visits make sure.-there is a local employer in the room that can tell a compelling story about operating in the area. The local employer should be a potential peer to the new company. Companies want to feel wanted. • Prior to the meeting- ask the consultant what your community is perceived to be lacking? Are there any open issues? Address the open issues during the meeting. Consultants want to hear from you and they want you to ask the questions. If the meeting doesn't go well-the consultant looks bad. • Economic developers must be able to talk about the future direction of their community. It was suggested the economic development office work closely with their urban planning departments so they are well aware of what's going on and future plans. • In most situations a company will not make a site selection decision until they have met with local companies. COMMUNICATION • Continued to stress they only want to meet with states and regions-not individual communities. • Don't bring literature or send mail. Don't give them thumb drives! They do like to receive postcards with announcements. They would like for us to include on the postcards why a company expanded or located and if possible the incentives offered. • Everyone indicated they read articles posted on LinkedIn. None of them read any of the site selection magazines. Waste of money to advertise in magazines. • It is more important to spend the money on our websites. They want to be able to do a deep dive on our websites to see who is in our community and understand why they are there. They want to be able to determine what makes the place a place. • When communities offer incentives-they need to make sure the company submits the proper paperwork. The community needs to make sure they continue to take care of the company once they decide to locate.