A BlueprinT for suCCess - A MAster PlAn for econoMic redeveloPMent pot

A MASTER PLAN FOR ECONOMIC REDEVELOPMENT EXECUTIVE SUMMARY | AUGUST 31, 2011 ECONOMIC DEVELOPMENT COALTION OF SOUTHWEST INDIANA [...]... Evansville Area Association of Realtors a blueprint for success | A master plan for economic redevelopment Staff Economic Development Team Community Development Team The Economic Development Team for the EDC, which The EDC also serves in a unique position as the serves as the umbrella economic development organization regional planning organization for the four Indiana for Southwest Indiana, are seasoned... measurement Not applicable • Percent of County Average Wage a blueprint for success | A master plan for economic redevelopment Gross Regional Product Relationship measurement Not applicable • Annual Dollars Venture/Angel Capital Relationship measurement Not applicable • Number of Funds • Dollar Amount of Funds Tax Revenue Generated Relationship measurement Based on County Average • Annual Revenue Stream New... Certify Mega Sites Recommendation Certify two mega sites in Southwest Indiana area Approach Economic Impact Medium 22 Project Cost High EDC Cost Hire consultant to begin mega site certification High a blueprint for success | A master plan for economic redevelopment 23 Economic Development Coalition of Southwest Indiana Organizational The asset-based analysis also made specific organizational recommendations.. .a blueprint for success | A master plan for economic redevelopment Health/Life Sciences The Health/Life Sciences target focuses on three major areas of opportunity: Health Related Manufacturing, Clinical Research, and Ag Technology All of these target areas comprise sectors found within the more broadly defined Life Sciences category and have areas of cross-over The Health Related Manufacturing... Approach Offer these forums on a quarterly basis 25 Economic Development Coalition of Southwest Indiana Regional Economic Development Metrics One of the primary reasons for the asset-based analysis is to draw a picture of where Evansville and the Southwest Indiana region stands in relation to a set of similarly situated metro areas – areas of like size with many of the same human capital and physical... Medicinal and Botanical Manufacturing • Pharmaceutical Preparation Manufacturing • In-vitro Diagnostic Substance Manufacturing • Other Biological Product Manufacturing • Optical Instrument and Lens Manufacturing • Surgical Appliance and Supplies Manufacturing Clinical Research/Ag Technology • Research and Development in Biotechnology •  esearch and Development in the Physical, R Engineering, and Life... development to a Technology Park Economic Impact High Project Cost medium EDC Cost Medium Economic Impact Medium Certify Parks for Plastics and Process Manufacturing Recommendation Maintain Vanderburgh Industrial Park and Warrick County Industrial Park as State Certified Industrial Parks; position to attract plastics and process manufacturing companies Approach Ongoing marketing of Industrial Parks as part of... that were But to create a competitive heard and observed by the advantage, Southwest Indiana Southwest Indiana has achieved take the lead in proposing state success in many areas but it can be a legislation for a sustainable economic great region by implementing these development funding mechanism with courage for the region is to move forward and with courage It will need to differently and consultant... Interstate-69 These infrastructural assets and its central location provide a strong basis to capture firms that are participating in the fast developing sector of supply chain management • Scheduled Passenger Air Transportation (Air Service) •  onscheduled Chartered Passenger Air Transportation N (Charter Air Service) • Rail Transportation • General Freight Trucking, Long-Distance, Truckload •  eneral... Relationship measurement Tied to Investor Mix and Goals • Revenues Generated • Investors Percentage • State Fund Percentage • Fee Based Percentage Real Estate Vacancy Rate Relationship measurement Tied to RE Data by Asset Types • Percent Vacancy Rate by Asset Type Real Estate Cost Relationship measurement Tied to RE Data by Asset Types • Cost per Square Foot by Asset Type Available Developable Land . and all three MSA’s have multiple states in their geography. A BLUEPRINT FOR SUCCESS | A MASTER PLAN FOR ECONOMIC REDEVELOPMENT 7 Approach DISCOVERY ANALYSIS CONCLUSIONS DISCOVERY ANALYSIS CONCLUSIONS Competitive. INDIANA 8 A BLUEPRINT FOR SUCCESS | A MASTER PLAN FOR ECONOMIC REDEVELOPMENT 9 Optimal industry target selection is based on the site-specific characteristics