January 23, 2008
description
Transcript of January 23, 2008
enterpriseMidAmerica
January 23, 2008
Grow Johnston!Grow Johnston!
Welcome and IntroductionsWelcome and Introductions Convene Annual MeetingConvene Annual Meeting
– Election of JEDCO Board MembersElection of JEDCO Board Members John Deere Credit ExpansionJohn Deere Credit Expansion
– James E. MeenaghJames E. Meenagh Polk CountyPolk County
– E. J. GiovannettiE. J. Giovannetti Tour 2007 RepriseTour 2007 Reprise 2008 JEDCO Activity Overview2008 JEDCO Activity Overview
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Agenda
Steve Scott (Term Expiring December, 2010)Steve Scott (Term Expiring December, 2010) Kevin Tubbs (Term Expiring December, 2010)Kevin Tubbs (Term Expiring December, 2010) Rick Helps (Term Expiring December, 2008)Rick Helps (Term Expiring December, 2008)
– Filling Vacant Position (Deb Bengston)Filling Vacant Position (Deb Bengston)
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Board Election
John Deere Credit ExpansionJohn Deere Credit Expansion
January 23, 2007
DisclaimerDisclaimer
Still subject to formal approval by the Deere Board of Directors
Current schematic drawing are subject to change
JDC moved it’s world headquarters to Johnston in Miwgeoiwe ibowiyfw wioyfbouiwbfoiwlbg y of 2000Our existing building is approximately 240,000 square feet and comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er Current occupation is roughly 1050 people and our total capacity is estimated at 1150 seatsfg;eug e;rogneogne;ogne;onge;ogn neorienorge;orng;o ;oernoIn short, we’re running out of roomwretetr nryehht,nnewyhdhdhtl mvmvmieoojdjkmfmoiejnro erogneongo eigneporgn eorngoerngongornogn e;orgnnogJfjfkstoo mcmkskirir vmxmjsdiiek lkfnweffuiben iofeiuefb iof;ui;wh ufifb uhfiwfiwfu wkufnfwfiuwfn
luirfbwilbifbibibfiwbfbwubwlifbbibilbilbbblsblsbbldbldblvdlbvksdbvslbslbbuvbdlfbdlibildbvbvilsbvilsdbvildblidblblvfbvcomprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er
Kbleibilebibubluibglfbwfirbgifbsfkbwsfun;oi;bbsfuwdlwfnofilsfbwuf; iowfbpiruf iwufbpiwe iwbfiwbfiuwfbiwub;iw w;ofnowufbw;oebbcomprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er
comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er Our existing building is approximately 240,000 square feet and comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er
comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er Our existing building is approximately 240,000 square feet and comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er
comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er Bfoibfiu irufbirbueirueireifbifbipfggierbeiubeiubgi;fbwpifbbbergb;ifbufibebgoehfo ukfiowf wifyuwgpfi ilwfbfiberif;irf ifpifubefilEubfiepfi uibfpiufbei irfuepibei;beifiwfvifvlief ierbpiebfg;iebf;ibf;iwbf;iwfb ifbpifbpifbpifbbieurbgepirgbe ;ierbfpierb fuiebfpiebg;rifub eriuEbfiebpiebpgi pirfbpiebr[bgpierupie; eruibepigbeigbu peirbfpiebibf erpigepwfpiberpi; ;ifpibfibfbpipfw;fpbi ryifibrpfbpfbpfbffpvyfypifvvf! comprised of two 115,000 square foot buildings adjoined by a common
atriumhf;hr;g ;eonrg;oergn;oeng;er
General InformationGeneral Information
JDC is a unit of Deere & Company Offices in 17 countries Primary role is to provide financing to enhance
the sale of Deere equipment around the world We provide installment loans, lease products,
revolving credit, operating loans, wholesale financing, crop insurance and we also provide debt and equity financing for wind energy projects
One of the largest equipment financing companies in the US…2007 finance volume was nearly $32B.
General InformationGeneral Information
JDC moved it’s world headquarters to Johnston in May of 2000
Our existing building is approximately 240,000 square feet and comprised of two 115,000 square foot buildings adjoined by a common atrium
Current occupation is roughly 1050 people and our total capacity is estimated at 1150 seats
In short, we’re running out of room!
Growth ProjectionsGrowth Projections
Current 5 year projections call for over 300 additional employees to manage our anticipated growth
While growth will come from all of our existing businesses, it is our newer businesses that are driving our more significant growth (wind energy, insurance and other renewables
New Building DetailsNew Building Details
Square Footage: ~145,000 Capacity: ~700 employees Amenities:
– Mirror existing design, materials and aesthetics– Open office environment– Fitness rooms (lockers & showers)– Large conference center– Expanded per capita conference space– Expanded cafeteria– Enhanced courtyard– Structured parking– 2 Connector links to existing buildings– LEED Silver Rating
Total Cost in excess of $30MM
High Level Project TimelineHigh Level Project Timeline
RFP Sent: December 3, 2007 Bids Due: December 21, 2007 Bid Selection: January 14, 2008 AFE to Finance Committee: February 6, 2008 Deere Board Meeting: February 26, 2008 Site Work Begins: April 21, 2008 Building Shell: June 3, 2008 Occupancy: July 29, 2009 Facility Renovations: July 16, 2009 –
October 16, 2009
Questions?Questions?
Pioneer and John Deere Credit ExpansionPioneer and John Deere Credit Expansion Tour 2007Tour 2007 Johnston CompetitivenessJohnston Competitiveness Merle Hay Road RedevelopmentMerle Hay Road Redevelopment Marketing JohnstonMarketing Johnston
– (BIO 2007 and CORENET)(BIO 2007 and CORENET)
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2007 Highlights
Project Focus – Merle Hay RedevelopmentProject Focus – Merle Hay Redevelopment MarketingMarketing CommunicationCommunication Relationship BuildingRelationship Building Advocacy and RepresentationAdvocacy and Representation
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JEDCO 2008 Activities
Merle Hay RoadMerle Hay Road– Comprehensive Plan and ZoningComprehensive Plan and Zoning
– Development IncentivesDevelopment Incentives
– Property Owner CollaborationProperty Owner Collaboration
– Retail RecruitmentRetail Recruitment
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JEDCO 2008 Activities
MarketingMarketing– FundamentalsFundamentals
» Joint Trade Show ExhibitJoint Trade Show Exhibit» Location One Information SystemLocation One Information System» Web SiteWeb Site
– Johnston Business Directory “Development Guide”Johnston Business Directory “Development Guide”– Building on the “Johnston” BrandBuilding on the “Johnston” Brand– Updated Marketing MaterialsUpdated Marketing Materials
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JEDCO 2008 Activities
CommunicationCommunication– www.growjohnston.com
– Grow Johnston Member UpdatesGrow Johnston Member Updates
– Johnston Development Forum – April 2Johnston Development Forum – April 2
– Regional Issue Forums (Topic To Be Determined)Regional Issue Forums (Topic To Be Determined)
– Congressional Delegation BriefingCongressional Delegation Briefing
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JEDCO 2008 Activities
Relationship BuildingRelationship Building– Grimes, Polk City, Urbandale, Granger, AnkenyGrimes, Polk City, Urbandale, Granger, Ankeny– 141/Saylorville Corridor141/Saylorville Corridor– Des Moines Area Economic Development PractitionersDes Moines Area Economic Development Practitioners– Professional OrganizationsProfessional Organizations
» Iowa Commercial Real Estate AssociationIowa Commercial Real Estate Association» Professional Developers of IowaProfessional Developers of Iowa» Technology Association of IowaTechnology Association of Iowa
– Key PartnersKey Partners» IDED, Polk County, Greater Des Moines PartnershipIDED, Polk County, Greater Des Moines Partnership
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JEDCO 2008 Activities
Advocacy and RepresentationAdvocacy and Representation– Community CompetitivenessCommunity Competitiveness
» New Johnston Mayor and City CouncilNew Johnston Mayor and City Council
– InfrastructureInfrastructure» NW Connector and BeltwayNW Connector and Beltway
» Road Improvement FundingRoad Improvement Funding
– Special ProjectsSpecial Projects» Merle Hay Road RedevelopmentMerle Hay Road Redevelopment
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JEDCO 2008 Activities
Partnership with the City of JohnstonPartnership with the City of Johnston Collaboration with the Johnston ChamberCollaboration with the Johnston Chamber Member Investments (2/3 of JEDCO Budget)Member Investments (2/3 of JEDCO Budget)
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Thank You For Investing InJohnston Economic Development
Phil DunsheePhil Dunshee
Johnston Economic Development CorporationJohnston Economic Development Corporation
Johnston Chamber of CommerceJohnston Chamber of Commerce
5408 NW 88th Street, Suite 1205408 NW 88th Street, Suite 120
Johnston, IA 50131Johnston, IA 50131
(515) 276-9064(515) 276-9064
(515) 309-0144 FAX(515) 309-0144 FAX
[email protected]@growjohnston.com
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THANK YOU!