Community Resources Public Presentation - August 3, 2009

Yellow Springs Yellow Springs Community ResourcesCommunity Resources

Local Presentation Local Presentation

August 3, 2009August 3, 2009

11CR to Council, RE: CICCR to Council, RE: CIC

Agenda, Part 1Agenda, Part 1

Community ResourcesCommunity Resources Chamber of CommerceChamber of Commerce Local Economic Development NeedsLocal Economic Development Needs


About Community ResourcesAbout Community Resources Community Resources is a non-profit community Community Resources is a non-profit community

improvement corporation (CIC) with deep roots in Yellow improvement corporation (CIC) with deep roots in Yellow Springs and Miami Township. Springs and Miami Township.

Community Resources (CR) aims to foster and support Community Resources (CR) aims to foster and support economic and cultural life in the community by coordinating economic and cultural life in the community by coordinating and supporting the efforts of local government, community and supporting the efforts of local government, community organizations and local businesses. organizations and local businesses.

CR works on projects that promote a healthy economic CR works on projects that promote a healthy economic base for the community in ways that are consistent with the base for the community in ways that are consistent with the values of the community. values of the community.

It seeks to improve the tax base by retaining local It seeks to improve the tax base by retaining local businesses and attracting those that are community-businesses and attracting those that are community-friendly. friendly.

CR strives to understand how the local economy functions, CR strives to understand how the local economy functions, to consider how events may impact the area, and to share to consider how events may impact the area, and to share this information with the entire community.this information with the entire community.


Membership of Community Membership of Community Resources (CR)Resources (CR)

Non-profit volunteer board from large & small Non-profit volunteer board from large & small employers, citizens, nonprofit and community employers, citizens, nonprofit and community organizations, and governmentorganizations, and government

Current board: Lisa Abel, Megan Bachman, Current board: Lisa Abel, Megan Bachman, David Boyer, Mark Crockett, Michael Fishbein, David Boyer, Mark Crockett, Michael Fishbein, Tim Rogers, Jerry Sutton, Kathryn Van der Tim Rogers, Jerry Sutton, Kathryn Van der Heiden (e.o.), Karl ZalarHeiden (e.o.), Karl Zalar


History of CRHistory of CR

1999 – Formed CIC1999 – Formed CIC 2000 – Business retention study2000 – Business retention study 2001 – Economic assessment study2001 – Economic assessment study 2002 – Community commerce park 2002 – Community commerce park

discussiondiscussion 2002 –Cooperative Economic Development 2002 –Cooperative Economic Development

Agreement (CEDA) process startedAgreement (CEDA) process started 2004 – Purchased Vernay property, 46 2004 – Purchased Vernay property, 46

acres, for commerce park (CBE)acres, for commerce park (CBE) 2007 – McGregor opened at CBE2007 – McGregor opened at CBE


Current CR Focus

CBE development:CBE development:– Design for infrastructure: now-early 2010Design for infrastructure: now-early 2010– Select construction contractor: spring 2010Select construction contractor: spring 2010– Construction of infrastructure: summer-winter Construction of infrastructure: summer-winter

20102010 Network with regional & state economic Network with regional & state economic

development groupsdevelopment groups Conduct updated business retention studyConduct updated business retention study

Center for Business & EducationCenter for Business & Education


Conceptual CBE layout. ~ 35 acres

Center for Business & EducationCenter for Business & Education

Community Resources is actively pursuing the Community Resources is actively pursuing the development of a community-friendly commerce development of a community-friendly commerce and education park that will maintain and improve and education park that will maintain and improve the community tax base. It will address the the community tax base. It will address the following issues:following issues:– Lost tax revenue from 20% decrease in population over Lost tax revenue from 20% decrease in population over

30 years30 years– Lost tax and utility revenue from 15% decrease in local Lost tax and utility revenue from 15% decrease in local

jobs in 10 years (pre-Antioch impact)jobs in 10 years (pre-Antioch impact)– Service costs and tax burden spread over fewer Service costs and tax burden spread over fewer

businesses, employees and residentsbusinesses, employees and residents– Village future expenses include more than $10 million in Village future expenses include more than $10 million in

capital projectscapital projects– Lack of planned space for business growthLack of planned space for business growth


CBE Funding Sources CBE Funding Sources

Village economic development Village economic development revolving loan fund, $300,000revolving loan fund, $300,000

YS Community Foundation, $100,000YS Community Foundation, $100,000 Army Corps of Engineers and Dept of Army Corps of Engineers and Dept of

Transportation grants, $1.04 millionTransportation grants, $1.04 million Local matching grant $175,000Local matching grant $175,000 Shovel Ready Funds, Dayton Shovel Ready Funds, Dayton

Development Corporation $165,000Development Corporation $165,000

Chamber of CommerceChamber of Commerce

The mission of the Yellow Springs The mission of the Yellow Springs Chamber of Commerce is Chamber of Commerce is to promote to promote economic development and maintain economic development and maintain and improve the prosperity of its and improve the prosperity of its member businesses and member businesses and organizations, thereby improving the organizations, thereby improving the quality of life in the Yellow Springs quality of life in the Yellow Springs area communityarea community. .


Chamber Guiding PrinciplesChamber Guiding Principles

Support business development Support business development Maintain and improve the prosperity of Maintain and improve the prosperity of

Chamber members Chamber members Support local buying of goods and services Support local buying of goods and services Promote good business practices Promote good business practices Serve as a source for local and visitor Serve as a source for local and visitor

information information Conduct Chamber business professionally Conduct Chamber business professionally Operate a fiscally sound organizationOperate a fiscally sound organization


Development Within VillageDevelopment Within Village

Village has more tools to ensure Village has more tools to ensure development is appropriate:development is appropriate:– AnnexationAnnexation– Zoning Zoning – Planning & comprehensive plan Planning & comprehensive plan – Urban service boundariesUrban service boundaries

Village infrastructure and utilities are Village infrastructure and utilities are appealing to businessesappealing to businesses

Economic Development Economic Development OpportunitiesOpportunities

Growth of Antioch University-McGregorGrowth of Antioch University-McGregor Assist with return of Antioch CollegeAssist with return of Antioch College Reuse of Antioch Publishing and Vernay Reuse of Antioch Publishing and Vernay

propertiesproperties Partnerships with Arts Council, other Partnerships with Arts Council, other

economic development groupseconomic development groups Support new economic sustainability Support new economic sustainability

coordinatorcoordinator


Questions?Questions?

Comments?Comments?


Agenda, Part 2

Explanation of CICExplanation of CIC Examples of other CICsExamples of other CICs

CIC: Ohio Revised Code 1724CIC: Ohio Revised Code 1724 A Community Improvement Corporation (CIC) A Community Improvement Corporation (CIC)

may be established by one or more local may be established by one or more local political subdivisions and designated as their political subdivisions and designated as their agent, for:agent, for:

Advancing, encouraging, and promoting the Advancing, encouraging, and promoting the establishment and growth of industrial, economic, establishment and growth of industrial, economic, commercial, distribution, research and civic commercial, distribution, research and civic development of the region; development of the region;

Buying or leasing lands owned by the Village or Buying or leasing lands owned by the Village or Township for uses that will, in addition to items above, Township for uses that will, in addition to items above, promote residents, stabilize the economy, provide promote residents, stabilize the economy, provide employment, or provide additional opportunities for employment, or provide additional opportunities for employment.employment.

Promoting economic and housing development in the Promoting economic and housing development in the region.region.

Providing a plan for the above items.Providing a plan for the above items.1616CR to Council, RE: CICCR to Council, RE: CIC

Possible CIC PowersPossible CIC Powers To borrow money. To borrow money. To make loans.To make loans. To acquire, manage, and dispose of real and personal To acquire, manage, and dispose of real and personal

property.property. To acquire, reclaim, manage, or contract real estate for the To acquire, reclaim, manage, or contract real estate for the

purpose of constructing industrial plants, other business purpose of constructing industrial plants, other business establishments, or housing thereon.establishments, or housing thereon.

Dispose of industrial plants, business establishments, or Dispose of industrial plants, business establishments, or housing.housing.

To mortgage or otherwise encumber any property acquired.To mortgage or otherwise encumber any property acquired. To serve as an agent for grant applications and for the To serve as an agent for grant applications and for the

administration of grants.administration of grants. To engage in code enforcement and nuisance abatement.To engage in code enforcement and nuisance abatement. To charge fees or exchange in-kind goods or services for To charge fees or exchange in-kind goods or services for

services rendered.services rendered. To employ and provide compensation for an executive To employ and provide compensation for an executive

director. director. 1717CR to Council, RE: CICCR to Council, RE: CIC

CIC MembershipCIC Membership

40% of the designated CIC board will be 40% of the designated CIC board will be made up of elected officials or appointed made up of elected officials or appointed officers.officers.

No member of the CIC board will be No member of the CIC board will be disqualified from holding public office.disqualified from holding public office.


ConfidentialityConfidentiality

When Board of CIC, or any committee, When Board of CIC, or any committee, considersconsiders information not a public record (i.e., financial & information not a public record (i.e., financial & proprietary information in connection with proprietary information in connection with relocation, location, expansion, improvement or relocation, location, expansion, improvement or preservation) the meeting may be preservation) the meeting may be closedclosed..

Any meeting at which a Any meeting at which a decisiondecision or determination or determination of the Board is rendered shall be of the Board is rendered shall be openopen..


Per Community Resources BylawsPer Community Resources Bylaws

The Yellow Springs and Miami Township The Yellow Springs and Miami Township Community Improvement corporation Community Improvement corporation (Community Resources) is formed (Community Resources) is formed exclusively for the sole purposes authorized exclusively for the sole purposes authorized for community improvement corporations by for community improvement corporations by the Ohio Revised Code at sections 1724.01 the Ohio Revised Code at sections 1724.01 et seqet seq.,., as may from time to time be as may from time to time be amended, to provide leadership in the amended, to provide leadership in the creation and implementation of strategies to creation and implementation of strategies to address the need for economic development address the need for economic development that are congruent with the values of the that are congruent with the values of the community.community.


Miamisburg Mound CIC Mound site decommissioned by the DoE in the early Mound site decommissioned by the DoE in the early

90’s, and Federal government transferred it to 90’s, and Federal government transferred it to MiamisburgMiamisburg

City of Miamisburg created the Miamisburg Mound City of Miamisburg created the Miamisburg Mound Community Improvement Corporation (MMCIC) and Community Improvement Corporation (MMCIC) and transferred the Mound property to it.transferred the Mound property to it.

MMCIC spearheaded redevelopment and reuse of the MMCIC spearheaded redevelopment and reuse of the site and directed the sale/transfer of the site’s site and directed the sale/transfer of the site’s technologies and facilities to the private sector. technologies and facilities to the private sector.

The MMCIC the also established the Mound Advanced The MMCIC the also established the Mound Advanced Technology Center, where 16 companies and 260+ Technology Center, where 16 companies and 260+ employees continue today. employees continue today.

MATC is a powerful combination of business solutions in MATC is a powerful combination of business solutions in a nurturing environment to facilitate innovation and a nurturing environment to facilitate innovation and ED. ED.


Lake County, Ohio CICLake County, Ohio CIC

The sole purpose of the Community Improvement The sole purpose of the Community Improvement Corporation of Lake County, Ohio is to advance, Corporation of Lake County, Ohio is to advance, encourage and promote the industrial, economic, encourage and promote the industrial, economic, commercial and civic development of the County of commercial and civic development of the County of Lake, Ohio and the political subdivisions located Lake, Ohio and the political subdivisions located therein by acting as the designated agency of the therein by acting as the designated agency of the County of Lake, Ohio and one or more municipal County of Lake, Ohio and one or more municipal corporations located therein, for the industrial, corporations located therein, for the industrial, commercial, distribution, and research development commercial, distribution, and research development in such political subdivisions, in accordance with in such political subdivisions, in accordance with section 1724.10 of the Revised Code of Ohio.section 1724.10 of the Revised Code of Ohio.


Reading, Ohio CICReading, Ohio CIC

The purpose of the Reading CIC is to attract new The purpose of the Reading CIC is to attract new businesses to the City of Reading, as well as to businesses to the City of Reading, as well as to retain those businesses already operating in retain those businesses already operating in Reading. As the City’s designated agency for Reading. As the City’s designated agency for industrial, commercial, distribution, office and industrial, commercial, distribution, office and research development, the goal of the CIC is to research development, the goal of the CIC is to increase and stabilize the local tax base. The increase and stabilize the local tax base. The Reading CIC offers a variety of services and Reading CIC offers a variety of services and financial development incentives that benefit new financial development incentives that benefit new or expanding businesses including industrial or expanding businesses including industrial revenue bond program; City of Reading low interest revenue bond program; City of Reading low interest loan program; residential disaster aid loan program; loan program; residential disaster aid loan program; special economic development projects. special economic development projects.


Questions?Questions?

Comments?Comments?


Community Resources Public Presentation - August 3, 2009

Documents

community improvement corporation

yellow springs

community resources

business establishments

business

civic development

research development

community organizations