Transcript LOGAN COUNTY ECONOMIC DEVELOPMENT CORPORATION ANNUAL

LOGAN COUNTY ECONOMIC
DEVELOPMENT CORPORATION
ANNUAL MEETING
JANUARY 22, 2009
2009 Annual Meeting
New Members
Sylvia Bauder
Keith Jenkins
Rocky Joy
Kent Sager
Mark
McDonald
Dave Lebsock
Bill Henry
Anna Merrill
Tom Ashburn
Kevin Gildea
Ralph Becker
Cameron Butcher
Colorado Community Bank
NextEra Energy Resources
Joy Development
KCI Communications
McDonald-Keil Physical
Therapy
Mr. D's Ace Hardware
Skyline Machine
Sterling Sundowner
Xcel Energy
Sterling Regional MedCenter
Wind Energy
Northeastern Junior College
Agriculture
Retail Sales



Through December 31, 2008, the City of Sterling reported that taxable sales
increased slightly to $195,161,123 YTD compared to 2007, which was a
record year. Sales tax collected increased .11% to $5,854,833.
The Colorado Department of Revenue has not issued year end results for Logan
County; however, the first three quarters maintained a level comparable to
2007.
With the approved wind energy developments of NextEra Energy Resources
and Colorado Highlands Wind, and the planned Blue Sky underground gas
storage project, it is expected that over 450 temporary construction workers will
be active in Logan County during 2009. This activity has contributed greatly to
increased sales in past years.
Employment
Workforce
Employment
Unemployment
%
Oct 2008
12,092
11,637
455
3.8
Oct 2007
11,331
10,950
381
3.4
Although the unemployment rate is up slightly, there were an
additional 687 people working in the Sterling/Logan County
area compared to a year ago.
October 2008 is the latest data available and some seasonal
adjustment is normal, but construction projects already
underway should help the employment level in 2009.
New and Expanded Business



Over 10 new and expanded businesses opened in
2008
Total capital investment exceeded $6,200,000 and
79 new jobs were created
Beall’s, Burger King, Dickinson’s Country Store,
Frenchman Creek, Jimmy’s Pizza and Italian
Restaurant, McDonald’s, Mike Meat Market and
Serenity Women’s Clothing were some of those
opening in 2008
NECALG Annual Report



NECALG reported over $16,300,000 in new,
qualified capital investments in Logan County.
In 2008, total revenues in support of programs in
the six county area were $5,351,671 and that total
is budgeted to increase to $7,143,698 in 2009
Programs include home weatherization, community
service block grants, services to seniors, County
Express and others.
2009 Economic Developments




Two wind energy developers have made
commitments for over 100 new turbines
Blue Sky underground gas storage
NJC’s 14% enrollment increases and community
support via the Hope Scholarships
Sterling Regional MedCenter and the David Walsh
Cancer Treatment Center
Strategic Plan

The Mission of the Logan County Economic
Development Corporation is to provide leadership
and assistance to all Logan County communities in
their efforts to grow, while improving their
economic stability and diversity.
Strategic Plan
Approved: 05 August, 2008





Economic Development Toolbox
Industrial / Commercial Property
Industrial and Retail Targeting
Using LCEDC Cash Resources
Community Collaboration
Report on Significant Prospects
Jan. through Dec. 2008




State Prospect #08-040 “Project Alloy” is a European client seeking to open a
foundry/metal processing business in Colorado. Requires 50 acres zoned heavy
industrial and estimating 500 employees.
State Prospect #08-050 “Project Green” is a company looking to manufacture
fiberglass and composite components for diversified OEM manufacturers of
wind turbines. They are seeking an existing 50-100,000 square foot building,
preferably in a rural industrial park and anticipate creating 200 jobs.
State Prospect #08-055 Green Building Manufacturer is a company looking for
2-4 acres for a 30,000 square foot building to manufacturer a patented
building system for residential and light commercial green buildings. They
would start with 50 employees and grow to 150 over three years.
State Prospect #08-065 Project Beam is a light manufacturer looking for a
6,000 sq. ft. building with all utilities, internet and close to interstate
transportation.
Report on Significant Prospects
Jan. through Dec. 2008




BNSF approached the City and County about expanding their rail year north of
East Chestnut Street in Sterling. Initial discussions were held with property
owners in the affected area and alternative access routes to the industrial areas
northeast of the City were proposed. There are been no action by BNSF on this
proposal since 12/2007.
Trillium Corporation approached the City about developing their property west
of South Third Avenue running to South Fifth Avenue. There has been no action
by Trillium since June, 2008.
A light fabricator of farm fencing materials approached LCEDC about relocating to Sterling this past summer. New jobs were estimated at 5-10 to start
and several sites were visited by the client. This project is on hold because of
economic uncertainty.
A fabricator/supplier of oil field equipment approached LCEDC about relocating to Logan County. Initial operations would include assembling, testing
and distributing oil field equipment and would create 10-15 new jobs.
Major Projects during 2008








Contacts with 10 retail matches via Buxton
Attended ICSC in Las Vegas, May 18-20
Helped sponsor CSU Labor Study/NE Colo.
Education/Workforce Consortium/BETR
New website design and updates
Asset Resource- Commercial Property Listing
Retail Development/TRIP policies approved
Assisted NextEra Energy/ Sidney Airport issue
RETAIL DEVELOPMENT POLICY



POLICY DECLARATION.
It is hereby declared to be the policy of the City of Sterling, Colorado (City) to
encourage the location, relocation or expansion of commercial enterprises within the
corporate limits of the City, and to that end to encourage the expansion of our existing
retail sales outlets or restaurants and to secure the location of new, large-scale retail and
certain, targeted commercial businesses within the City.
The intent is to solidify our current position in the NE Colorado Region as the Retail
Center of business and trade. To that end the City desires to facilitate the attraction of
large-scale retail or targeted commercial development, including malls (to include
outdoor venues of clustered retail); entertainment venues or complexes; destination
restaurants, including nationally recognized chain outlets, not yet existing within the
municipal area and meeting the criteria set forth below; destination hotel/conference
centers; automobile dealerships or auto malls; truck stops; regional health centers;
central office or headquarters of large-scale or regional professional or technical firms,
including architects, engineers, attorneys, accountants, and/or physicians; and other
mixed-use centers consisting of multiple retail and commercial businesses operating on a
single site.
RETAIL DEVELOPMENT POLICY

The intent of this policy is to attract businesses, grow and expand our own businesses
and strengthen our center of business and trade that demonstrate one or more of the
following:

The retail or professional services will generate or draw regional customers or customers
who reside beyond 30 miles from the municipal boundaries of the City;

The sales volume is projected to meet or exceed $750,000 per year after three years of
operation;

The business is a food service or restaurant with a seating capacity of not less than 75
persons;

The business is a full service hotel of not less than 100 rooms;

The business will provide employment for at least 35 full time employees (FTE);

The business is a car dealership with estimated minimum annual volume of sales of 300
units; and

The business represents a substantial expansion of an existing business operation within
City, at least doubling existing square footage or increasing retail space by 15,000 square
feet, whichever is less.
Major Projects





Assisted 3 new retailers: Bealls, Jimmys Pizza and
Serenity Dress Shop
Broadway Plaza re-development
Developed a major re-location effort for Foster
Farms
Logan County Commissioners agreed to enter
negotiations for new 100 acre industrial park.
Facilitated Centennial Mental Health is discussions
with County, USDA and DOLA
New Industrial Site
Major Projects




Sponsored “Revitalizing Downtown Sterling” seminar
Met with City officials to promote airport
development during 2009
Revised By-laws to include SURA as voting member
and addressed attendance requirements
Co-sponsored with Colo OEDIT a “Financing Forum”
in Sterling
Airport Expansion?
Sterling Municipal Airport (Crosson Field)
Major Projects




NextEra Energy and Colorado Highlands Wind
approved for wind energy projects totaling over
400 mW.
Supported NJC’s plan to establish a wind technician
training program
Co-sponsored with NextEra, Xcel, MediaLogic Radio
and South Platte Sentinel the Holiday Ramble and
Window Display Contest
Supported the Logan County Master Plan
Design/Build Planning

The Design/Build Committee has accepted the
proposal of The Architect Group, Bruce Glass of
Garden City, Kansas, to prepare preliminary
construction drawings for three different sized
commercial/industrial buildings
Design/Build Planning

The committee has determined the size and general
specifications as follows:
Size
Height
Site Acreage
(estimated)
Overhead
Doors
35,000 sf
20 ft
5 acres
2
50,000 sf
25 ft
10 acres
4
100,000 sf
25 ft
20 acres
6
WINDPOWER 2009 Conference & Exhibition
May 4 - 7, 2009 Chicago
WINDPOWER 2009 Conference and Exhibition is the largest annual wind
conference and exhibition in the world featuring over 13,000 attendees and
over 776 exhibitors.
Logan County Economic Development Corporation
P.O. Box 72
City Hall
421 N. 4th Street
Sterling, Colorado 80751

Committees:

Asset Resource

Workforce Development

Marketing and Communications

Membership Development

Strategic Planning

Commercial / Industrial Development

Retail Development
Thank You
QUESTIONS
?
2009 LCEDC Annual Meeting