GFMEDC Investor update February 2016

Greater Fargo Moorhead EDC Investor Update

GFMEDC

Updates from the President

Business Development Report

Manufacturin

g

Corporate Headquarters

Back Office

Transportation

Archite

cture &

Engineering

Value Added Ag

Distrib

ution

Life Sc

iences IT

Physica

l Scie

nces

84

16 14

1 1

20

7 7

29

1

2014 BREIndustries (182)

Manufacturin

g

Corporate Headquarters

Back Office

Value Added Ag

Distrib

ution

Life Sc

iences IT

Physica

l Scie

nces

Aviation Se

rvice

s

60

1013 12 10

5

25

1 2

2015 BRE Industries (139)


Primary

Secto

r

Auto Tax Credit

MN Inve

stment F

und

MN Job Creation Fu

ndNDOF

Property Tax E

xemption

ND New Jobs

Development F

und

Corporate Inc.

Tax Exe

mption

Workforce

20/20PACE

Seed/A

ngel Credit

Sales T

ax Exe

mption

Internship Programs

CareerFM In

fo Requested

WFD St

aff Follo

wup Requested

6

24

0 13

7

20

3

12

8

16

1

25

6 5 6

Programs 2015 – 143 Total

Primary

Secto

r

Auto Tax Credit

MN Inve

stment F

und

MN Job Creation Fu

ndNDOF

Property Tax E

xemption

ND New Jobs

Development F

und

Corporate Inc.

Tax Exe

mption

Workforce

20/20PACE

Seed/A

ngel Credit

Sales T

ax Exe

mption

Internship Programs

CareerFM In

fo Requested

WFD St

aff Follo

wup Requested

28

41

1 1 3

15

39

3

12

6

25

2

32

16

42

35

Programs 2014 – 301 Total

42 – CareerFM Info from GFMEDC41 – Automation Tax Credit39 – ND New Jobs32 – Sales Tax Exemption28 – Primary Sector

25 – Sales Tax Exemption24 – Automation Tax Credit20 – ND New Jobs16 – PACE Loans12 – Corporate Income Tax Exemptions


1

6

3

1

7

1 1

20 Total Projects

Acquisiti

on

Expan

sion

New Build

ing

New Corporate

Office

New Eq

uipment

New Fa

cility

New Lo

cation

New Progra

m

0

21

30

10

25

1

42 Total Projects

30%

70%

2014 Plans for Ex-pansion

YES 54 NO 126 20%

80%

2015 Plans For ExpansionYES NO


51%

8%

42%

2015 Employment TrendIncreasing Declining Same

30%

70%

2015 Workforce Re-cruitment Issues

YES NO

49%51%

2014 Workforce Re-cruitment Issues

YES NO

57%

5%

37%

2014 Employment TrendIncreasing Declining Same


Manufacturin

g

Value Added

Ag

Corporate H

eadquart

ers

Distrib

ution IT

Back Office

Life Sc

iences

23

4 2 4 61 2

2014 BR Projects - 42

Manufacturin

g

Value Added

Ag

Corporate H

eadquart

ers

Distrib

ution IT

Back Office

12

2 2 2 1 1

2015 BR Projects - 20

$66,055,000.00 Estimated153 Estimated New jobs

$119,326,691.00 Estimated664 Estimated New Jobs

Active Success Terminated On Hold0

5

10

15

20

2520

14

4 4

2014 BR Project Status

Active Success Terminated On Hold0

5

10

15

20 19

1 0 0

2015 BR Project Status


Manufac

turing

Value A

dded Ag

Corporate H

eadquart

ers

Distribution IT

Back Office

Physical

Scien

ces

7

3

1

3

6

1 1

2014 ED Projects - 22

$205,000,000.00 Estimated 400 Estimated New Jobs

Manufac

turing

Value A

dded Ag

Corporate H

eadquart

ers

Distribution IT

Back Office

Unmanned

Aerial V

ehicle

Call Cen

ter

Child Care Reta

il

data ce

nter

7

3

0

5

12 2

1 1 1 1

2015 ED Projects - 24

$554,000,000.00 Estimated2,180 Estimated New Jobs

Won Out-Sold In Progress Canceled0

5

10

15

20

25

1 0

21

2

2015 ED Project Status

Won Out-Sold In Progress Canceled02468

101214

2

5

13

2

2014 ED Project Status

Business Development Report• ND New Jobs Program : 7 approved – $5,113,468.27

• Workforce 20/20 Program: $204,565.68

• Primary Sector: 51 applied, 47 approved

• Automation Tax Credit Program: 3 applications (1 approved, 2 pending)

• ND Development Fund: 15 applications $2,356,000 -13 projects

• Operation Intern: 45 companies - $438,530.57

• Property Tax Exemption Program: 3 approved by Fargo Commission totaling $34,685 in exemptions and $1,045,200 in PILOT.

• Pace/Flex Pace Program: 5 new loans approved by GIF in 2015 totaling $233,000. In 2015, $550,636 loaned over 11 applications.


2016 Areas of Focus (GFMEDC Strategic Plan)150 BRE Visits – Priority 4, Objective 1

Sector Summits – Priority 1, Objective 3; Priority 2, Objective 3/4(Engineering, IT,

Health, Manufacturing)

Business Attraction – Priority 3, Objective 6; Priority 4, Objective 2; Priority 5, Objective 4

Influence Economic Policy - Priority 3, Objective 8; Priority 3, Objective 10(Local, State, National)

Entrepreneurial Support & Development

1 Million Thanks


Collaborative Partnerships Instigators Connectors Image Building


Friend Of The Den• $15 per month• 1 Pass per month• 50% off Prairie Den

Rentals • Invite to members

only events


• UAS (Unmanned Aerial Systems)– Industry peers discussions– Drones Focus annual conference – June 1

• Startup Weekend – pitch night Sun 3/6• Kiva Zip• 701 Angel Fund

Growth Initiative Fund

GIF PACE Loan Activity

ApprovedLoans

ApprovedAmounts

Capital Investment

2015 4 $233,000 $3,963,000

2014 8 $397,000 $12,856,000

2013 8 $305,500 $9,248,000

Workforce Development

Partnering with EducationPartners in the classroom• 40 requests for Speakers or Judges in 2015• 15 requests in January 2016

ProFusion Speakers Bureau• Promoting to higher education partners• Building upon existing list of speakers

Education that works • Strategic planning meeting in February 2016

Workforce Development13th Annual Health, Tech & Trades Career Expo

Additional Workforce Development Programs

FM Tech Connect• Promoted Hour of Code at Health, Tech & Trades Expo 2015• In 2016, will build out additional recruitment & retention

concepts with assistance from Prime

Educators in Industry• 57 applications from across ND & western MN• 22 applications from Fargo Moorhead

Workforce Development

SponsorshipsBrainSTEM• 25 female STEM Leaders from Industry, University, and

Retirement teaching mini-STEM sessions• 178 7th graders from Ben Franklin in Fargo and Horizon in

MoorheadIntroduce a Girl to Engineering• Eight area schools• Expecting 220 8th grade girls• Participating companies: Appareo, Bobcat, John Deere, KLJ,

Microsoft, Moore Engineering, and SRF

Marketing/Public Relations

Marketing Strategy• Drive to website and careers page• Market the great things about FM• Interact and join conversations on Social

Media• Assist companies with recruiting efforts


www.smartmovefm.com/ambassador


Why Fargo Moorhead Page• Photos of Fargo Moorhead• FM Toolkit• Links to information about living and working in FM

FM Welcome Party• March 22nd

• Ecce Gallery in downtown Fargo• 6:00 – 8:30• Food, music and information


GFMEDC Annual MeetingThursday, May 5

11:30-1:00Hilton Garden Inn

GFMEDC Investor update February 2016

Economy & Finance

Transcript of GFMEDC Investor update February 2016