Anderson Downtown Rebound

Presented by:Mr. Ziuchkovski’s

Calculus Class

WHY SHOULD WE REVITALIZE DOWNTOWN?

WHY SHOULD WE REVITALIZE DOWNTOWN?

A vibrant downtown boosts the economy by:

Creating jobsIncubating small businessesProtecting property valuesIncreases the community’s options for goods and services

A symbol of community pride and history

WHY IS DOWNTOWN IMPORTANT?

Downtown is often the largest employer in a community.

Independent businesses keep profits in town.

Industries look at: Current businesses Quality of life Viability Appearance

WHY IS DOWNTOWN IMPORTANT?

Representation of tax base. Shopping and service center (local). Highlights history. Represents investment (public and

private). Tourist attractions (unique). Government center. SENSE OF COMMUNITY AND PRIDE!

REVITALIZING DOWNTOWN BENEFITS

Local Residents/ Consumers

Property Owners

City Government

Retail Business Owners

Service Business Owners

Financial Institutions

County Government

Utility Companies

SURVEY Exhibits residential support of downtown

revitalization effort both philosophically and fiscally.

Excellent

Good Fair Poor

Downtown Condition

1.63% 16.39% 67.21% 14.75%

Yes No

Revitalization Need

96.72% 3.28%

Yes No

Acceptance of a minor tax increase to raise funds?

80.32% 19.68%

PROPOSAL

I. Establish a Downtown Committee

II. Downtown Logo Design

III. Provide information for both visitors and possible volunteers (Website, Flyers, Brochures)

IV. Downtown Improvements and Public Infrastructures i. Sidewalks and Roads ii. Parking iii. Attractions (Parks, Offices, Buildings) iv. Replenish works of art (Fountain, Statues) v. Lighting vi. Utilities

PROPOSAL

V. Improve Character of Downtown i. Historical sites and Heritage (State Theatre,

Wigwam) ii. Attractive Arts ( Paintings, Buildings Designs)

VI. Explore Partnerships and Sponsors

VII. Encourage Private Investors i. New Businesses ii. Funding (Enterprise, Grants, Partnerships)

VIII. Promote Downtown Events

CHARACTERISTICS OF A SUCCESSFUL COMMUNITY

CHARACTERISTICS OF A SUCCESSFUL COMMUNITY

No Single organizational Model exists Getting entire community interested in downtown

effort and involved in organizing into bodies based on individual interests.

Necessary Services: Business assistance Retail promotion Downtown advocacy

Local Amenities Support of big business

CHARACTERISTICS OF A SUCCESSFUL DOWNTOWN

Use of local college facilities and their higher education programs Combined with attraction/development of small businesses

Create and Install Positive Community Image Civic leaders market the regional significance and historic values

downtown. Gathering collective opinions

Ability to Overcome Challenges

Walkway Access for Pedestrians Recognition/Formation of town square Surrounding local amenities


Commitment to Mixed Use Development Close range downtown facilities Implicit understanding of development

Broad Public/Private Investment Form partnerships with private stakeholders and

access more public funds

Prosperous Downtown Essence

CHARACTERISTICS OF SUCCESSFUL DOWNTOWNS

Entertainment: A Driving Center Extends downtown life (bringing more money in) Helps other businesses by attracting people

originally brought by entertainment facilities Ex.'s: historic theatres, performing arts centers,

diverse restaurant themes. Strengthen Downtown Neighborhoods

More prominent, wealthy (middle class) individuals/families supporting effort by using downtown facilities and programs

Daily cash flow through expenditures made from those residents who have money.


Generate Interest in Downtown Housing Market

Affordability is a concern for those trying to purchase homes in these districts

8th Street Ex.

BRIEF HISTORY OF ANDERSON

ANDERSON’S HISTORY

The Very Beginning May21, 1827

Indiana General Assembly established a new town

was known as Anderson town grew gradually

July 4, 1851 The Bellefontaine railroad was built through

Anderson, establishing connections with surrounding areas, including Indy

Became populous enough to announce itself a city


1886

A Natural Gas Well discovery led to dramatic migration to the city and swift business immigration (Gas Belt)

Ex.’s: American Steel and Wire, Pennsylvania Glass Plate, Fowler Nut and Bolt Company

Transformed Anderson into an industrial based city! (Boom Town)


1886 – early 1900’s Emerging Downtown, increased

construction of retail.

Led to bustling main street resulting in development of electric car system.

During early 1900s growth slowed …


Automotive years, 1910 – 1970s Automotive experts moved in around 1910 creating

another city boom Ex.’s: General Motors, Delco-Remy

Drawing away workers to a mass boom on the southern side of the city

Jobs increased but plants coming into the town did not

Brought forth “dead downtown” as merchants found fewer customers willing to invest in a congested city


Automobile industry went through depression due to high gas prices

1970’s – Onward Downtown conditions worsened due to increased

area development of malls and strip centers Revitalization requires interest in many parts of

community Necessary involvement of multiple stakeholders Must build on and promote past character/history

for an economic success!

How much will this “new Anderson” cost?

FINANCE

COST-THE BREAKDOWN

Lighting Fixtures………………………....….$124,835

Signage………………………………………………$5,000

Parking……………………………….……….$8,560,000

Road Reconstruction……………………...$600,000

COST-THE BREAKDOWN (CONT.)

(Note: The following costs, along with labor costs, are not included in the final estimated cost.)

Bike Lanes…………………………..$5000-$50,000

Demolition……………………….$10,000-$500,000

Renovation…………….……$750,000-$1,500,000

COST-FINAL

And the grand total is (approx.)……………………….

$10,764,835 (excluding the afore mentioned

exceptions)

COST-EXPLAINATION

Lighting Fixtures: 28 ft. each max Non-corrosive metal 100 watts each 100 lighting fixtures ( [100 x $580.35] + [100 x $668] =

$124,835.00)

COST-EXPLAINATION (CONT.)

Signage: 50 signs needed (approx.) 50 x $100 =$5000

Parking: 5-story parking garage (145,000ft2) $8,560,000

COST-EXPLAINATION (CONT.)

Road Reconstruction: Louisville (model) 2 miles of road = $1,500,000 (approx.) One-way Two-way = $150,000 per road

(approx.) 4 x $150,000 = $600,000

Bike lanes = $5,000-$50,000 per mile(road dependent)

COST-EXPLAINATION

Demolition: $10,000-$500,000 (building condition

dependent)

Landscaping: $175,000 (approx.) (case-to-case dependent)

Renovation: 10,000 ft2 (model)

$750,000-$1,500,000 (case dependent)

COST-CHART

Landscaping2%

Lighting1%

Signage0%

Road Re-con-

struc-tion6%

Parking90%

Finance/Cost

GOVERNMENT SUBSIDIES, GRANTS, FINANCIAL PROGRAMS, ETC.

FEDERAL REVOLVING LOAN FUNDS

(RFLs) Aid in urban and rural

renewal/revitalizationMost common aiding RFLs:

Brownfield Sustainability Brownfield Clean-up Small businesses Incubating residential areas

REVOLVING LOAN FUNDS

The Environmental Protection Agency (EPA) provides a numerous amount of these RFLs to aid in the development of brownfields and their clean-up from hazardous wastes and any other harmful environmental factors.

Goshen Ex.

REVOLVING LOAN FUNDS

Small businesses emerge once brownfields are capable of inhabitability.

Projects gain independence

Named duly for revolving aspect of loan payment where the central fund is replenished as individual projects pay back their loans.

BALL BROTHERS FOUNDATION GRANT

Mission: dedicated to legacy of the Ball Brothers and pursuit of improving the quality of life of East Central IN in particular through leadership and philanthropy.


Funding: Innovative approaches for addressing

community needs that result in long-term, systematic solutions which consider the use of community impact models and result I measurable outcomes.

Seed-money to help launch new programs, projects or initiatives


Will not support: Requests from organizations that are not

501c3 organizations as determined by the IRS.

Public services

Program Focuses with Program Area: Public Affairs/ Society Benefit


Type of Grant BBF Rapid Grants – designed to provide

funding to organizations that require immediate funding for formulating a project idea or seed-money to begin a new project.

Must be submitted between February 1st and November 30th


Letter of Inquiry (LOI): includes some of the following Category Contact information Name of project and projected status Total Amount Requested IRS Status

Letter of Inquiry Questions 2000 characters or less Describe organization and mission Brief description of needs addressed and how they will be met. Population description

BALL BROTHERS FOUNDATION GRANT Past winners:

2010 City of Muncie, $60,000

2010 – Community Enhancement Projects, Inc, $45,000

Muncie Civic Theatre Association- $5,000

DO SOMETHING SEED GRANTS

Purpose: To help jump start a communal program.

Details: Worth $500 Given away one a week No deadline


Requirements: Budget detailing how the $500 will be used A recommendation from a non-family member

Eligibility Rules: Applicant must be 25 or older Must be a U.S. or Canadian citizen Can apply for as many grants on the Do

Something website, but can only win once every 12 months


Judging Criteria: Strong Grant Projects

Driven by Youth Long term action plans in mind Focus on community, among others.

Steps to Apply: Go to

http://www.dosomething.org/grants/seed-grants

Create a project posting Fill out online application



MISCELLANEOUS SEED GRANTS

Average amount given: up to $2 million

No Madison County recipients

PLANNING SEED GRANTS

Avg. Amount given: up to $50,000

Madison county recipients: Alexandria, 2008, 2010 - $49,000,

$50,000 Comprehensive Plan, Downtown Revitalization

Elwood, 2009 - $10,173 Comprehensive Plan

Lapel, 2005 - $38,000 Water/Storm water Plan

STATE GRANTS

Community Focus Fund Avg. Amount given: $500,000 Madison county recipients: Alexandria,

2011-- $180,000 Demolition

Disaster Recovery 1 Avg. Amount given: Varies ($1,000-

$150,000) No Mad. County recipients

STATE GRANTS

Disaster Recovery 2 Avg. Amount given: Varies ($200,000-$2

million) Alexandria, 2010 - $1 million Drinking

Water Project

Downtown Enhancement Grant (Main Street) Avg. Amount given: Varies ($5,000-

$20,000)

ECONOMIC DEVELOPMENT FUND

Encourage a focus on long term development in eligible populations.

Criteria: Area has a substantial low and moderate income

population (51% or greater) or is designated as a slum or blighted area.

Project addresses long term planning and development efforts

The funds granted will have a significant impact The project is ready to proceed and will be

completed within 18 months after being awarded

ECONOMIC DEVELOPMENT FUND

Some eligible projects are as listed: Infrastructure in support of housing Community centers Downtown revitalization Historic preservation

Funding in addition to meeting criteria must have a primary focus on employment creation and/or retention.

PLANNING GRANTS

Funded with Fed. Community Development Block Grant dollars from the U.S. Dept. of Housing and Urban Development.

Goal: encourage communities to plan for long term community development.

Community leaders can apply for projects relating to such issues as infrastructure and down town revitalization.

PLANNING GRANTS

Must Demonstrate: Meet a goal of the Federal Act Planning initiative addresses long term

priorities Funds will have significant impact overall Strong community commitment Project is ready to proceed upon the grant

being awarded and will be completed within 12 months.

ASSESSMENT GRANTS

Assessment grants provide funding for a grant recipient to:

Inventory Sites: Compile a listing Characterize Sites: Identify past uses Assess Sites: Determine existing contamination Conduct Cleanup and Redevelopment Planning:

Scope and plan process Conduct Community Involvement: Inform and

engage community

ASSESSMENT GRANTS

For a Site-Specific Grant: A site-specific assessment grant must be applied for

if the assessment is limited to one, and only one, site. A site-specific assessment grant application must be made if a waiver of the funding limitation is requested.

Applicants will not be allowed to substitute another site for a site-specific assessment grant where

ASSESSMENT GRANTS

Applicants submit a proposal for each grant type that they are applying for (i.e., assessment, revolving loan fund, and/or cleanup). Each proposal must address the selection criteria outlined in the guidelines.

- Proposals must include: a Cover letter describing project a Applicant information a Applicable mandatory attachments (e.g., state letter) a Responses to evaluation criteria All applicants must refer to the Proposal Guidelines

published by EPA.

ASSESSMENT GRANTS

Eligible entities include: state, local, and tribal governments

Total grant fund requests should not exceed a total of $400,000 unless such a waiver is requested.

Up to $1 Million for assessment coalitions. A coalition is made up of 3 or more eligible applicants that submits one grant proposal under the name of one of the coalition members who will be the grant recipient.

The performance period for an assessment grant is three years.

ASSESSMENT GRANTS

Electronic copies of the Proposal Guidelines can be obtained from the EPA brownfields Web site at: http://www.epa.gov/brownfields/applicat.htm

ECONOMIC DEVELOPMENT FOR A GROWING ECONOMY

(EDGE Tax Credit)

Provides incentive to businesses to support job creation, capital investment, and to improve the standard of living for Indiana residents.

ECONOMIC DEVELOPMENT FOR A GROWING ECONOMY

A refundable corporate income tax credit is calculated as a percentage of the expected increased tax withholdings generated from new jobs creation.

Credit certification is phased annually for up to 10 years based upon the employment ramp-up outlined by the business.

One of the requirements that will help in keeping prosperous growth in our downtown: A company may not receive credit for any jobs a

company relocates from one site in IN to another site in IN.

HOOSIER BUSINESS INVESTMENT TAX CREDIT

(HBI) Provides incentive to business to support jobs

creation, capital investment and to improve the standard of living.

A non refundable tax credit is calculated as a percentage of the eligible capital investment to support the project.

INDUSTRIAL RECOVERY TAX CREDIT

Provides an incentive for companies to invest in facilities requiring significant rehabilitation or remodeling expense.

After a building has been designated as an industrial recovery site, companies may be eligible for a tax credit calculated as a percentage of qualified rehabilitation expense.

The tax credit may be carried over to the immediately following taxable years if the credit exceeds the taxpayer’s state tax liability.

PATENT INCOME EXEMPTION

Tax payers are exempt from certain income derived from qualified utility and plant patents.

Qualified tax payers are eligible for an exemption of 50% of patent income for each of the first five years.

The exemption decreases over the next five years to 10% in the tenth year.

PATENT INCOME EXEMPTION

The total amount of exemptions claimed by a taxpayer may not exceed $5 million per year

The exemption is only available to companies with 500 or fewer employees

END OF GOVERNMENT SUBSIDIES, GRANTS, ETC.

Now on to…

CASE STUDIES

MUNCIE STUDIES

What did Muncie do to grow its downtown economy? Partnering up with local colleges.

(Ball State and Ivy Tech)

MUNCIE STUDIES

Ball State – Building Better Communities Program

Experts and skilled faculty members offer solutions and help with a group’s community, economic, and business development.

“Whether it be a community organization looking to revitalize down town or an economic developer needing a strategic marketing plan … -- Building Better Communities can get you started.”

MUNCIE STUDIES

Most beneficial Services include: Strategic planning and advice Project administration Customer service strategies Organizational development initiatives Marketing Strategies Web site evaluation and development Development of performance appraisal

systems

MUNCIE STUDIES

Ball States: Tool Box Guide to Developing Funds

A searchable database providing a comprehensive listing of grants loans, tax programs, and incentives available in Indiana.

Connecting entrepreneurs or groups to projects that best fit their needs.

MUNCIE STUDIES

Ivy Tech Community College Strategic Plan

Accelerating Greatness 2013

MUNCIE STUDIES

Parts relevant to revitalization efforts: Strategy 2: Ensure that Indiana’s citizens,

workforce, and businesses are globally competitive.

2a. Design and implement a process for engaging the employer community.

2c. Design and implement a process to ensure our programs advance Indiana’s global competitiveness.

MUNCIE STUDIES

Strategy 4: Ensure and adequate and sustainable resource base

4b. Implement a comprehensive approach to developing and nurturing external partnerships.

4d/e. Communicate and leverage the linkage between Ivy Tech’s success and the state’s economic success and the success of Indiana’s businesses as they compete in the global market place.

MUNCIE STUDIES

Utilize Energize ECI Partnership(The Regional Economic Development Partnership

for East Central Indiana)

Presents some of the benefits of starting up a business in East-Central Indiana:

Central location to North America Established transportation networks Low cost of operation and living Available sites and buildings

MUNCIE STUDIES

Contact Energize ECI for answers to specific questions and needs (data, demographics, incentives, etc.) concerning small business start up in the region.

Contacts: [email protected] PH: 765-641-4001

mailto:[email protected]

MUNCIE STUDIES

Innovation Center

Mission: to support and accelerate the creation of successful technology based and emerging companies in order to improve the economy of East Central Indiana.

The Company connects new entrepreneurs to academic and government institutions, professional service providers, and others who can supply the knowledge and resources necessary to transform their ideas into realities.

MUNCIE STUDIES

Also provide a variety of priceless services and resources within the facility

Ex.’s strategic guidance Funding recommendation Space and equipment

MUNCIE STUDIES

Services offered:

Networking – common gathering place

Financial Packaging- where to acquire funds.

Business Consulting and Coaching

Patent, Trademark, and Copyright Assistance – provides assessment of needs with legal consultant and act as guide through the process

MUNCIE STUDIES

Innovation Connector Contacts:

1208 W White River BLVD Muncie, IN PH: 765-285-4900

MUNCIE STUDIES

East Central Small Business Development Center An online state organizational site offering

a wealth of free and low cost information, management counseling and education services to support Indiana small business owners and entrepreneurs.

Mission: To create new jobs within the state and encourage business growth.

MUNCIE STUDIES

The site offers resources for… Starting a business Relocating a business Obtaining license and permits Information on job resources and labor law

MUNCIE STUDIES

The East Central Indiana Small Business Development center is a direct lender of the Rural Revolving Loan Fund.

Funds can be used to purchase of fixed assets or working capital.

MUNCIE STUDIES

General Requirements:

Applicants are required to provide a detailed business plan.

Applicants must usually be a small business located in a small community of 20,000 or less.

MUNCIE STUDIES

INDURE Easy to access database of expertise,

intellectual property, and research projects at Indiana’s leading universities.

Helps entrepreneurial businesses and investors identify and connect with resources available for furthering business development.

MUNCIE STUDIES

New and Small Business Educator Center

Indiana Department of Revenue’s online tool enabling a better understanding for state tax laws and resources available to sole proprietors, partnerships, corporations, and non-profits.

NOBLESVILLE STUDIES

Job Training Partnership Act (JTPA) Federally funded program offering employment and training

services to disadvantaged youth and adults, older workers, and dislocated workers.

Purpose: to help people who want a better life obtain the skills necessary for employment.

(Also, stimulates economy by putting more willing workers out there who have money and a job to buy things locally around them.

The programs provide training for occupations that are considered to be “in demand.”

NOBLESVILLE STUDIES

Purdue University Technical Assistance Program (TAP)

Purpose – to advance Indiana’s economic prosperity, health and quality of life.

TAP supports performance through programs that utilize faculty, students, and staff.

Employers served include companies and governmental units throughout the state.

NOBLESVILLE STUDIES

TAP Achievements: since 1986 programs have assisted over 10,000 organizations, contributed to cost savings of $75 million, increased capital investments by $137 million, and saved or added over 7500 jobs in IN.

Contact Info: Purdue University MEP Center 6640 Intech Blvd. Building Ten, Suite 120 Indianapolis, IN 317-275-6810 [email protected] http://www.tap.purdue.edu/


http://www.tap.purdue.edu/

NOBLESVILLE STUDIES

Façade Grant Program Designed to stimulate downtown investment,

maintain and initiate aesthetic improvements downtown.

What it is. 50/50 Matching Reimbursement Grant Program boundaries Commercial activity as Primary purpose Up to date on taxes Applications due last Friday of each month Funded through TIF (tax increment fixing)

NOBLESVILLE STUDIES

To Apply: 2 bids per project Specific plans Façade Grant Review Committee Board of Public Works Contractual Agreement Inspection and paid invoices

NOBLESVILLE STUDIES

Tax Increment Financing (TIF)

Permits cities or counties to use increased tax revenues stimulated by redevelopment or economic development to pay for the capital improvements needed to induce economic development.

NOBLESVILLE STUDIES

Access to TIF’s: The use of TIF is initiated by the declaration of a tax

allocation area by a county or city redevelopment commission.

Bonds payable from TIF may be used to finance the cost of redevelopment and construction of improvements in the area to be redeveloped or benefit the area.

Bond amounts are determined by the size of the project and the amount of the increment available.

NOBLESVILLE STUDIES

Small Business Loan Guaranty Program

City sides with all local existing banks to participate as a guarantor as part of the financing for qualified businesses.

NOBLESVILLE STUDIES

How it really works. Institutions participating (banks) will

provide SBA and conventional loans for small businesses.

The city’s guarantor will act as a “bridge” between conventional underwriting standards or add necessary support to facilitate the availability of capital to these businesses.

NOBLESVILLE STUDIES

Tax-Phase Ins (Abatements)

Used in order to attract private investment and job creation by exempting portions of the new or increased assessed value resulting fro a new business venture.

NOBLESVILLE STUDIES

Partnering with the National Main Street Organization

a unique economic development tool that serves as the foundation for local initiatives to revitalize their districts by leveraging local assets—from cultural or architectural heritage to local enterprises and community pride

Basically, takes advantage of the city’s historic value in order to create a solid basis for revitalization efforts.

NOBLESVILLE STUDIES

Main Street 4-Point Approach1. Organize –

building partnerships with those who have stakes in the community,

recruiting volunteers from all over the city district

Getting those in head of organizing volunteer efforts to spread the word and coordinate specific volunteer efforts

NOBLESVILLE STUDIES

2. Design – keeping downtown looking nice by maintaining store fronts, planting flowers, using what is already there and repairing if necessary, through allocation of grants and volunteer coordinated efforts as well as other financial measures.

Design activities also include instilling good maintenance practices in the commercial district, enhancing the district's physical appearance through the rehabilitation of historic buildings, encouraging appropriate new construction, and educating business and property owners about design quality, and a continuation of this process.

NOBLESVILLE STUDIES

Economic Restructuring Committee strengthens your community's existing economic

assets while diversifying its economic base. Ex.’s – allocating more finances through state and

regional programs as well as city stakeholders, residents, and fund raising through events.

as well as, boosting the downtown web page and campaign to inform and help business owners more.

Also, getting the community surrounding downtown more involved to spark business to want to come, organizing more programs, getting downtown businesses in on the effort.

NOBLESVILLE STUDIES

Promotion Committee - create a positive image that will rekindle community pride and improve consumer and investor confidence in your commercial district. Promotions communicate your commercial district's

unique characteristics, as well as , business establishments to shoppers, investors, potential business and property owners, and visitors.

Ex’s. Newspaper involvement in creating a positive image is Key! getting in touch with PIP and other existing downtown businesses that relate to communication, and reaching out to other’s in the area who deal with advertising and PR!

NOBLESVILLE STUDIES

Joining Main Street Contact the Main Street Coordinating

Program which can be located easily online to find out about the application process for Indiana.

Network and stay in touch with already successful programs, ex. Noblesville.

KOKOMO STUDIES

Indiana Business Growth Network Program believes economies can be grown

“internally” by local companies The role of the community is to provide

sophisticated information and services that improve this natural entrepreneurial process.

Most relative services include: Assisting with web search engine optimization

and Web marketing Tracking regulations

KOKOMO STUDIES

Inventrek park – helps new technology-driven business succeed in developing their ideas.

Provides a variety of services for entrepreneurs in the technological field. Assistance gaining financial capital Coaching and mentor assistance

KOKOMO STUDIES

Property Tax Abetments Seeks to revitalize the Kokomo community by

providing favorable financing for new industrial and service companies

Available on new equipment or real property improvements for periods of up to 10 years.

Provides 1/3 gap financing up to $300,000 at very attractive rates

KOKOMO STUDIES

Developed and raised community awareness/ interest in a Riverside District Board walk along the river Shops and restaurants located close by to

attract customers and help economy Clean river programs gets community

involved Programs/festivities to be held along the

river also do this.

KOKOMO STUDIES

Customized Business Incentives

Relocation grants for companies moving to Kokomo

Infrastructure grants

Other grants related to Economic Development Income Tax

LAFAYETTE STUDIES

Neighborhood Stabilization Program (NSP)

Allocated through the Indiana Housing and Community Development Authority made available from the Department of Housing and Urban Development. (HUD) .

HUD – mission is to provide money to help revitalize and stabilize communities impacted by the foreclosure crisis.

City received $7,774,200.00!!!

LAFAYETTE STUDIES

Area of focus for redevelopment – Glen Acres neighborhood.

The new development focuses attention on installment of Chatham square, a square brings communities centrally together!

LAFAYETTE STUDIES

Money distributed to a variety of contributing factions making the square possible

Administration ($370,200.00) – provides funds to pay for expenses related to administering the grant.

Redevelopment/New Construction ($5,720,000.00) – involves demolition of existing structure and new construction.

LAFAYETTE STUDIES

Rehabilitation of foreclosed/abandoned homes ($1,000,000.00) - purchase and resell refurbished homes.

Demolition ($210,000.00) - getting unsafe and unneeded homes out of the way for further development.

Funding Mechanisms ($474,000.00) – provides assisting funds for new buyers located along the square.

ANDERSON ASSETS

Programs needed to be taken advantage of! Score of Madison County – non-profit

association dedicated to entrepreneur education and the formation of growth and success for small businesses

ANDERSON ASSETS

Working and retired executives and business owners dedicate their time and expertise as business counselors to provide free counseling and low cost workshops.

In the event they are challenged beyond their expertise they have the entire national organization to draw upon.

Madison County Address: 2701 Enterprise Dr, Suite 202 Anderson, IN 46013

Contact: through Madison County Chamber of Commerce 765-642-0264

ANDERSON ASSETS

Economic Revolving Loan Fund – The city in cooperation with local banks offers a low interest loan program for businesses located in Anderson.

Offers loans up to $100, 000 at rates as low as 4 percentage points below the prime rate for 20 years.

Borrowers must create one job for every $10,000 borrowed.

ANDERSON ASSETS

Enterprise Zone Program

Designed to stimulate reinvestment with a designated disadvantaged zone and create jobs for zone residents.

The Indiana Zone Board oversees the enterprise zone programs in each locality.

ANDERSON ASSETS

In order to stimulate reinvestment and create jobs within zones, businesses located within an enterprise zone are eligible for certain tax benefits.

Tax Benefits Include: No property tax on business inventory

Exemption from Indiana Gross Income Tax on the increase of receipts from the base year.

State Income Tax Credit (up to 30% of purchase price) for individuals purchasing an ownership interest in an enterprise zone business

State Income Tax Credit on lender interest income (up to 5%)

ANDERSON ASSETS

Property Abatements

Any property owner in a locally designated economic revitalization area who makes improvements to real property or installs new manufacturing equipment is eligible.

Used manufacturing equipment may also qualify

QUICK REMINDER!!!

Why should we bother?

Indiana sub-state forecast conducted by IU: For 2011-2014 all MSAs show employment

growth except Anderson.

Lets Prove them Wrong!!!

ANDERSON ASSETS

Cheap and abundant factory buildings already in place

Low tax rates Affordable housing Low living costs Board walk along the white river coupled with bridge

leading to extensive Shadyside trails and parks

Access to many major rail way systems for easy business shipping and exporting materials

ANDERSON ASSETS

The overall cost of doing business in Indiana is cheaper than surrounding Midwestern states.

Low unemployment insurance and workers compensation rates

Indiana if fifth best for manufacturing and logistics in the nation due to human capital, global position, and tax climate.

ANDERSON ASSETS

Attractions such as state theatre, paramount, historic museum, art museum, historic 8th street (glimpse into Victorian era)

Located very close to I-69 and other prospering cities to deal in business with

Located close to several business enhancing programs for support and help

Resources such as the downtown fountain by Paramount, YMCA, concert stage, beautiful buildings, and small kids park located centrally downtown by other attractions.

PROBABLY MOST IMPORTANT PART

So Please if you faded away from us…

HEAR US OUT ON THIS PART!!!

SUBSTANTIAL CONSIDERATIONS

Town squares from all case studies showcase the city courthouse as the main icon surrounded by shops.

What surrounds our court house? Our town square? Demolish park Demolish some parking space

Put in their places, restaurants and other services that would attract office employees, downtown business people


Attract businesses by promoting Assets and marketing these Assets to a broad spectrum.

Need to redo and update, make more easily accessible and inviting, economic development website.

Showcase and explain small business incentives for downtown and helpful places where one might find financial aid through the city, region, and state.


State Theatre Renovation Program

Allocation of grants for use of renovating structure inside as well as outside of this historic city structure.

Can be used once refurbished as a low cost movie theatre running past movies for a lower cost to public (Provides a downtown entertainment service)


Something to do downtown that will save money and help economy

Promoting this historic feature in all its old glory, showcase its old pride and experience through media, marketing, as well as on its build board and through possible partnership with the Paramount (which also serves as an entertainment tool)


Get the community united!!! About the school system, we have a great system

with more class opportunities then surrounding county schools!

Market this!

Partner with Herald Bulletin on this downtown effort is crucial! (we want to promote and unite this city effort by displaying to the entire city and county our plans and why were a great incubator for business)


Plan more down town events, get downtown centers and businesses to host their own or help in efforts (YMCA, APL, local businesses, Churches, even the city)

The Wigwam

It has computer labs, a televised screening room, one if not two weight rooms, class rooms, gyms, pool, kitchen areas, clinic rooms, a track, could convert fields by it to usable soccer fields ( which is right by the YMCA who would probably love it!)


Market it, school system, local groups, city could buy it and use it as a community Rec-center which is downtown.!!!

Could block parts of the inside and use it as a central middle school or a new and very equipped high school for Liberty Christian!!!

Demolish old schools that aren't needed, Robinson elementary, they are depressing and waste space as well as are eye sores.

More lenient historic 8th street controls on businesses, Ex.


creating a positive image is Key! getting in touch with PIP and other existing downtown businesses that relate to communication, and reaching out to other’s in the area who deal with advertising and PR!

Broadcast Paramount events and down town events more, make a bigger deal out of it by uniting with the Herald and other downtown corporations!


Form a partnership with Anderson University’s “top ranked” Falls Business School.

Contact Info: Business Office, [email protected] , PH: 765 641-4001

Form a Partnership with Ivy Tech’s Accelerating Greatness 2013 and Ball State’s Building Better Communities Program


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Anderson Downtown Rebound

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