REPORT - WordPress.com 20141 2014 SUCCESS REPORT TRANSFORMATION & JOB CREATION Annual Report on economic development for Tiffin and Seneca County, Ohio SENECA INDUSTRIAL AND ... 2

1APRIL 2014

2014 RE

PORT

SUCC

ESS

TRANSFORMATION & JOB CREATION

Annual Report oneconomic development

for Tiffin andSeneca County, Ohio

SENECA INDUSTRIAL AND ECONOMIC DEVELOPMENT CORPORATION

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BEST WISHES FOR A PROSPEROUS 2014 DAVID R. ZAK, PRESIDENT & CEO

Continuing the transformation...

When the leaders of this community created the Seneca Industrial and

Economic Development Corporation (SIEDC) on August 9, 1983, they

made the conscious decision to invest in economic development and to

proactively affect and shape Seneca County’s future.

For more than 30 years, SIEDC has helped lead that transformation,

serving as a catalyst for economic growth: developing the community’s

industrial parks, attracting new businesses, helping existing and new

businesses grow, and fostering collaboration and partnership.

Since 1990, SIEDC has been led by Rich Focht, who retired at the end of

last year. And Rich is going out with a bang, as the last two years have

been some of the most exciting in the community’s history. The creation

and retention of 2,700 jobs. More than $60 million in new investment.

More than 400,000 square feet in new construction or renovation.

It’s a great record, but we know there’s a lot more work to be done. We

look to create one of the best retention and expansion programs in the

country. We want to creatively and aggressively market our community

in new and exciting ways. And we want to help create a high quality of

life. By focusing on those things, the positive change started 31 years ago

will continue, and jobs will be preserved and created. Come join us, as

we look to make the next 30 years even better.

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Talk to 1,000 businesses a year1

Identify 1,000 reasons to say yes2

Create 1,000 new jobs3

The estimated percentage of new jobs

created by existing business ranges from 60% (Small Business

Administration) to 80% (Job Creation in

America, Birch 1987.)

>>OUR STRATEGYRETENTION & EXPANSION

The key to any successful business strategy is to take care of your existing customers. In economic development, it is no different. Most of the job creation, retention and investment happens because of the 2,000 businesses already in the community.

Together with our partners, we will work on developing a best-in-class retention and expansion program that touches more businesses than any other program like it in the country.

ATTRACTION The next way we seek to grow jobs and

wealth in the community is by connecting businesses outside Seneca County with the tremendous opportunities here.

We’re launching a campaign to identify and communicate 1,000 reasons why this is such a great place to live and run a business. This community is an unpolished gem. We’re going to make it shine.

ENTREPRENEURSHIP New start-ups and small business are a

key part of Seneca County’s future. Every year, approximately 60 new businesses are formed and 90% of our businesses have under 20 employees.

By helping both the large and small businesses, we plan on seeing at least 1,000 new jobs created over the next five to ten years.

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PROJECT REPORT<<

20 Noteworthy Projects New Jobs

Retained Jobs

Investment Industry Square Footage

Taiho Corporation 45 112 $13 million Manufacturing 40,000Tiffin University 100 130+ $13 million Education 112,000

American Fine Sinter 130 $9 million Manufacturing 40,000Toledo Molding & Die 80 390 $8 million Manufacturing

National Machinery 55 402 $5 million ManufacturingHeidelberg University 250+ $4 million Education 22,000

Jacobson Manufacturing 21 50+ $2.2 million Manufacturing 40,000Laminate Technologies 10 110 $1.5 million Manufacturing 25,000

Coppus Motors 20+ $1.5 million Retail

Tiffin Scenic Studios 20+ $1.5 million Manufacturing 5,000

Advance Auto Parts 15 $1.5 million Retail 7,000Arnold Machine 10 35 $1 million Manufacturing 15,000

Rural King 30 $1 million Retail 94,000All Patriots Memorial $350K Parks & Recreation

Ag Credit 7 $200K Retail 5,000PhatCakes/Bunky’s 3+ $100K Retail 5,000Webster Industries 76 225 Manufacturing

Ameriwood Industries 73 240 Manufacturing

Tiffin Metal Products 20 50+ Manufacturing

Bailiwicks Coffee Company 5+ Retail 2,000

Given our recent top rankings for 2012 and 2013, we decided to take a two-year view with respect to our project report. With no large industrial layoffs since 2009 and almost a dozen expansions, things have been understandably upbeat. Automotive suppliers, machinery builders and consumer product manufacturers. Be it metal, plastic, or wood–our manufacturers are building quality products the market wants.

Of particular note are the two Japanese automotive subsidiaries with two of the three largest investments--American Fine Sinter and Taiho Corporation. Taiho Corporation of America began operations in Tiffin in 1996 as the company’s first overseas manufacturing base. It manufactures bearings. American Fine Sinter was founded in Tiffin in 2001 and produces valve seats and variable cam units for Toyota.

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PROJECT REPORT<<

20 Noteworthy Projects New Jobs

Retained Jobs

Investment Industry Square Footage

Taiho Corporation 45 112 $13 million Manufacturing 40,000Tiffin University 100 130+ $13 million Education 112,000

American Fine Sinter 130 $9 million Manufacturing 40,000Toledo Molding & Die 80 390 $8 million Manufacturing

National Machinery 55 402 $5 million ManufacturingHeidelberg University 250+ $4 million Education 22,000

Jacobson Manufacturing 21 50+ $2.2 million Manufacturing 40,000Laminate Technologies 10 110 $1.5 million Manufacturing 25,000

Coppus Motors 20+ $1.5 million Retail

Tiffin Scenic Studios 20+ $1.5 million Manufacturing 5,000

Advance Auto Parts 15 $1.5 million Retail 7,000Arnold Machine 10 35 $1 million Manufacturing 15,000

Rural King 30 $1 million Retail 94,000All Patriots Memorial $350K Parks & Recreation

Ag Credit 7 $200K Retail 5,000PhatCakes/Bunky’s 3+ $100K Retail 5,000Webster Industries 76 225 Manufacturing

Ameriwood Industries 73 240 Manufacturing

Tiffin Metal Products 20 50+ Manufacturing

Bailiwicks Coffee Company 5+ Retail 2,000

Tiffin’s industrial base has been going gangbusters. There is a new feel to the industrial sector of Tiffin’s economy that was lacking over the last several years: expansions and hiring are at an all-time high.

A GROWING RETAIL SECTOR

2700 JOBSNEW AND RETAINED

Over 550 new jobs have been cre-ated and 2150 retained.

$60+ MILLIONCAPITAL EXPENDITURES

More than $63 million invested in construction and equipment.

400K SQ FTCONSTRUCTION

New construction and renovation exceeds 400,000 square feet.

After years of slow decline, Tiffin’s population is on the rise, gaining 3% from 2009 to 2012. Accordingly, Tiffin’s retail sector, which has gone through various ups and downs, is growing.

The City’s west side has benefitted from the new $66 million Mercy Tiffin Hospital, an 8-screen all stadium seating movie theater, various new restaurants, the

Westgate Shopping Center, and the rapid growth of Tiffin Unversity to almost 5,000 students (more than doubling enrollment since 2007).

Tiffin’s downtown has also seen strong retail growth as local entrepreneurs open restaurants, retail shops, and service businesses in the downtown core, where a number of loft apartments are also available.

EDUCATIONGROWTH IN

Tiffin is one of the few cities in Ohio with 2 well-funded private universities - Heidelberg and Tiffin University.

240K

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We are blessed to have two growing and dynamic universities in our community.

Rich Focht, SIEDC President & CEO (1990-2013)

Heidelberg University and Tiffin University are tremendous community assets, and last year alone they invested almost $20 million in new facilities.

TIFFIN UNIVERSITY Founded in 1888, Tiffin University

is a private, coeducational university located on a vibrant 130-acre campus. Tiffin University just finished a nine-year, $30 million building campaign.

Tiffin University has experienced strong growth, with enrollment rising from 2,300 in 2007 to almost 5,000 students for the 2013 semester.

The new $13 million Heminger Center was named for the President & CEO of Marathon

Petroleum Gary Heminger, a 1976 Tiffin University Graduate and Board Chair. The project redeveloped a brownfield site in Tiffin.

HEIDELBERG UNIVERSITY Founded in 1850, Heidelberg

University is a private, coeducational univeristy located on a beautiful 125-acre campus with ten buidings on the National Historic Register. The school’s enrollment for 2013-2014 tops 1,500.

Heidelberg’s new $4.3 million Saurwein Health & Wellness Center opened in August 2012 and is open to the entire community. A new $6.6 million Residence and University Commons facility was completed in 2011.

240K 7K 2K

Seneca and surrounding counties (30 min.)

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LABOR FORCE WITHIN COMMUTING DISTANCE

BUSINESSES IN SENECA COUNTY

COLLEGE STUDENT ENROLLMENT

Includes Tiffin University and Heidelberg University

Seneca County ranks in the top 10 nationally out of 576

Community privately funds new9/11 Memorial Park

City cuts crime 60% + becomes one of the safest in Ohio and Midwest

The March 2014 issue of Site Selection magazine annually ranks the top micropolitans nationwide. Seneca County has placed in the top 20% for micropolitans seven of the last ten years, in the top 5% last year, and tied for 10th this year.

In September 2012, community residents dedicated the new $350,000 All Patriots Memorial Park, which features a 6,000 lb.

beam from the World Trade Center. There are now over 40 parks and preserves in Seneca Co. with 1,100+ acres.

Tiffin made headlines this year by announcing that property and violent crime were cut by more than 60% through in-novative policing programs, making it again one of the safest cities in Ohio to live and run a business.

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OFFICE 19 W. MARKET ST., SUITE C TIFFIN, OH 44883PHONE 419.447.3831FAX 419.447.5141BLOG SENECASUCCESS.COMNEWS SENECAMOBILE.COM WEB SENECACOUNTY.ORG FACEBOOK SENECASUCCESSTWITTER @SENECASUCCESS

BOARD OF TRUSTEES

EXECUTIVE COMMITTEEChair - Rob Huntington, President, Heidelberg UniversityVice Chair - Mike Spragg, President & CEO, Old Fort Banking CompanyPast Chair - John Arnold, President, Arnold Vending Co.Treasurer - John Kerschner, Vice President, Croghan Colonial BankCity - Aaron Montz, Mayor, City of TiffinCounty - Fred Zoeller, Commissioner, Seneca CountyDenny Kerschner, President & CEO, Tiffin Insulators

TRUSTEESRahat Ahmed, Financial Center Manager, Fifth Third BankLenny Clouse, President, Clouse Construction Corp.Steve Dandurand, Vice President, Corporate One BenefitsThomas Daniel, President, Seneca County Home Builders AssociationCharles Daughenbaugh, CEO, Quick Tab IILynn Detterman, President & CEO, Mercy Tiffin HospitalJohn Detwiler, President & CEO, Seneca Regional Chamber of CommerceTom Hay, Executive Vice President, National Machinery, LLCJoAnn King, Vice President, US BankCarl Pastorella, Human Resources Manager, Toledo Molding and DieRon Schumacher, Vice President for Development, Tiffin UniversityTyler Shuff, Councilman, City of TiffinShirley Smith, Branch Manager, PNC BankVicki Wheatley, Superintendent, Tiffin City Schools

STAFFDavid Zak, President & CEO [email protected] :: cell - 419.912.1150Karen Bowers, Director of Development [email protected] :: office - 419.447.3831