Upstate SC Alliance 2015 Mid-Year Report

2015MID-YEARREPORT

A MESSAGE FROM OUR PRESIDENT // JOHN LUMMUS

MID-YEAR BUDGET

The Upstate SC Alliance was founded on the idea that marketing and branding ourselves as a region makes us stronger and more competitive in the world of economic development. We believe that this approach allows all of our Upstate counties to gain exposure, capitalize on the strengths of surrounding areas, and have a better chance at recruiting new industry to our communities.

With a record-setting number of announcements in 2014 and a strong start in 2015, the Upstate is setting a solid pace for growth over the next several years. Our region’s acceptance

into the competitive Global Cities Initiative represents our commitment to becoming a leader in the global economy. As economic development trends evolve over time, it’s important for the Upstate to remain on the cutting edge. We are committed to staying at the forefront of economic development and ensuring our region is globally recognized, globally connected, and globally competitive.

As many of us repeat over and over, economic development is a team sport. The announcements and success we have experienced represent countless

days, months, and sometimes even years of teamwork between our local economic development offi ces, the SC Department of Commerce, and our private sector investors. We are honored to work with and for such a talented group of professionals who can work together to achieve continued growth for our region. We are grateful for the support of our team of investors and partners who help us fulfi ll our mission of bringing the Upstate to the world and the world to the Upstate.

It’s true now more than ever, “Business moves here.”

#1 Southeastern State for Export Growth(State of SC)

#7 Of 10 Best Places to Visit in the U.S.Lonely Planet(Greenville, SC)

MAJOR MARKETING & BUSINESS RECRUITMENT CALENDAR

MID-YEAR HIGHLIGHTS

PROPOSED EVENT DATE(S) LOCATION TARGET(S) CONTACT

Outbound Events

Charlotte COI Mission Aug. 25 Charlotte, NC Site Consultants/COIs Jacob Hickman

IAA & 40th Anniversary Mission Sept. 10-18 Sweden & Germany All Sectors John Lummus

United Kingdom NW Mission Sept. 21-25 NW United Kingdom Industrial Manufacturing Jacob Hickman

IAMC Fall Forum Sept. 26-30 Cleveland, OH COIs Aimee Redick

Toronto Mini Mission Oct. 5-7 Toronto, ON All Sectors Jacob Hickman

Spain Mission Oct. 19-23 Spain/Ireland All Sectors Aimee Redick

AirTec International Aerospace Supply Fair Nov. 3-5 Frankfurt, Germany Aerospace Jacob Hickman

OESA Annual Outlook/Detroit Mission Nov. 10 Detroit, MI Automotive Aimee Redick

SEUS Japan Nov. 14-16 Birmingham, AL All Sectors TBD

PLMA Private Label Show Nov. 15-17 Chicago, IL Agribusiness/Food Jacob Hickman

Inbound Events

SCAC/OESA Joint Meeting Aug. 27 Greenville, SC Automotive Aimee Redick

SC Aerospace Industry Event Aug. 26-27 Columbia, SC Aerospace Jacob Hickman

Upstate Consultant Event Oct. 7-9 Upstate SC COIs Aimee Redick

UK Delegation in the Upstate Oct. 19-23 Upstate SC UK Companies Jacob Hickman

SCBIO Nov. 5-6 Charleston, SC BIO Jacob Hickman

MID-YEAR FUNDRAISING MILESTONES

INVESTOR SUMMARY NEW INVESTORS

146 INVESTORStotal private and public 132 PRIVATE

sector investors

Chairman’s Circle 3

Board 48

Honorary Board 2

Partner 1

Advocate 4

Sponsor 22

Friend 66

Chase Bank

Goodwyn, Mills, Cawood

Greenville Downtown Airport (GMU)

HRP Associates

Human Technologies, Inc.

Redwood Living

Sage Automotive

Triangle Construction Co.

Windstream

41%Private Sector

28%Public Sector

28%State Funding

3%other

INCOME SUMMARY

Actual Income Through 6/30/15

2015 Projected Income

Percent to Projected

2014 Actual Income

2015 Investor Revenue $650,552.65 $1,401,751.00 49.41% $1,333,256.50

Sponsorships / Grants / Other Revenue $26,280.99 $53,679.84 48.96% $141,847.18

States Funds Applied to Budget $207,445.30 $575,000.00 36.08% $409,092.77

Total Revenues $926,278.94 $2,030,430.84 45.62% $1,884,195.77

EXPENSE SUMMARY

Expenses Through 6/30/15

2015 Approved Budget

Percent to Budgeted

2014 Actual Expenses

Total Operational Expense $273,547.67 $595,753.90 45.92% $488,049.84

Total Program & Service Expense $562,101.94 $1,364,676.94 41.19% $1,159,678.70

Total Fundraising Expense $22,992.10 $70,000.00 32.85% $55,734.00

Total Expenses $858,641.71 $2,030,430.84 42.29% $1,703,462.42

GLOBAL CITIES UPDATE RECENT RANKINGS & RECOGNITION

#1 Best Place to LiveLivability.com(Greenville, SC)

The Upstate SC Alliance’s work with the Global Cities Initiative, a joint project of the Brookings Institution and JPMorgan Chase, continues to be a priority focus for the organization. Launched in 2012, the Global Cities Initiative helps business and civic leaders grow their metropolitan economies by strengthening international connections and competitiveness.

The Upstate SC Regional Export Plan was formally launched at the Alliance’s annual meeting on March 11, marking the transition from plan development to plan implementation which will be completed over the next three years. The plan lays out strategies and tactics designed to link regional strengths developed over decades of strong international recruitment to the needs of both established and emerging domestic enterprises to help them become globally nimble companies, the next generation of Upstate headquartered multi-national corporations.

Recognizing that the Upstate’s

future prosperity and competitiveness is tied strongly to its global connectivity, the Upstate SC Alliance also won acceptance into the 2015 group of metropolitan regions that will develop their Foreign Direct Investment (FDI) plans over the next several months.

The Alliance kicked off the FDI planning process with a visit from Brad McDearman and Ryan Donohue from the Brookings team who discussed current FDI trends and highlighted key themes and findings from the FDI pilot cohort at the Q2 Board Meeting. Plan development working sessions with partner organizations and stakeholders will take place through the fall with a target for FDI Plan launch set for early 2016.

#1 Micro City of the Future in North & South AmericaFDi Intenllegence(Greenville, SC)

#2 Micro City for Business FriendlinessFDi Intenllegence(Greenville, SC)

#1 Top U.S. Economic Development GroupsSite Selection Magazine (Spartanburg Economic Futures Group & Oconee Economic Alliance)

14 PUBLICsector investors 10 NEW

investors

A MESSAGE FROM OUR PRESIDENT // JOHN LUMMUS

MID-YEAR BUDGET

The Upstate SC Alliance was founded on the idea that marketing and branding ourselves as a region makes us stronger and more competitive in the world of economic development. We believe that this approach allows all of our Upstate counties to gain exposure, capitalize on the strengths of surrounding areas, and have a better chance at recruiting new industry to our communities.

With a record-setting number of announcements in 2014 and a strong start in 2015, the Upstate is setting a solid pace for growth over the next several years. Our region’s acceptance

into the competitive Global Cities Initiative represents our commitment to becoming a leader in the global economy. As economic development trends evolve over time, it’s important for the Upstate to remain on the cutting edge. We are committed to staying at the forefront of economic development and ensuring our region is globally recognized, globally connected, and globally competitive.

As many of us repeat over and over, economic development is a team sport. The announcements and success we have experienced represent countless

days, months, and sometimes even years of teamwork between our local economic development offi ces, the SC Department of Commerce, and our private sector investors. We are honored to work with and for such a talented group of professionals who can work together to achieve continued growth for our region. We are grateful for the support of our team of investors and partners who help us fulfi ll our mission of bringing the Upstate to the world and the world to the Upstate.

It’s true now more than ever, “Business moves here.”

#1 Southeastern State for Export Growth(State of SC)

#7 Of 10 Best Places to Visit in the U.S.Lonely Planet(Greenville, SC)

MAJOR MARKETING & BUSINESS RECRUITMENT CALENDAR

MID-YEAR HIGHLIGHTS

PROPOSED EVENT DATE(S) LOCATION TARGET(S) CONTACT

Outbound Events

Charlotte COI Mission Aug. 25 Charlotte, NC Site Consultants/COIs Jacob Hickman

IAA & 40th Anniversary Mission Sept. 10-18 Sweden & Germany All Sectors John Lummus

United Kingdom NW Mission Sept. 21-25 NW United Kingdom Industrial Manufacturing Jacob Hickman

IAMC Fall Forum Sept. 26-30 Cleveland, OH COIs Aimee Redick

Toronto Mini Mission Oct. 5-7 Toronto, ON All Sectors Jacob Hickman

Spain Mission Oct. 19-23 Spain/Ireland All Sectors Aimee Redick

AirTec International Aerospace Supply Fair Nov. 3-5 Frankfurt, Germany Aerospace Jacob Hickman

OESA Annual Outlook/Detroit Mission Nov. 10 Detroit, MI Automotive Aimee Redick

SEUS Japan Nov. 14-16 Birmingham, AL All Sectors TBD

PLMA Private Label Show Nov. 15-17 Chicago, IL Agribusiness/Food Jacob Hickman

Inbound Events

SCAC/OESA Joint Meeting Aug. 27 Greenville, SC Automotive Aimee Redick

SC Aerospace Industry Event Aug. 26-27 Columbia, SC Aerospace Jacob Hickman

Upstate Consultant Event Oct. 7-9 Upstate SC COIs Aimee Redick

UK Delegation in the Upstate Oct. 19-23 Upstate SC UK Companies Jacob Hickman

SCBIO Nov. 5-6 Charleston, SC BIO Jacob Hickman

MID-YEAR FUNDRAISING MILESTONES

INVESTOR SUMMARY NEW INVESTORS

146 INVESTORStotal private and public 132 PRIVATE

sector investors

Chairman’s Circle 3

Board 48

Honorary Board 2

Partner 1

Advocate 4

Sponsor 22

Friend 66

Chase Bank

Goodwyn, Mills, Cawood

Greenville Downtown Airport (GMU)

HRP Associates

Human Technologies, Inc.

Redwood Living

Sage Automotive

Triangle Construction Co.

Windstream

41%Private Sector

28%Public Sector

28%State Funding

3%other

INCOME SUMMARY

Actual Income Through 6/30/15

2015 Projected Income

Percent to Projected

2014 Actual Income

2015 Investor Revenue $650,552.65 $1,401,751.00 49.41% $1,333,256.50

Sponsorships / Grants / Other Revenue $26,280.99 $53,679.84 48.96% $141,847.18

States Funds Applied to Budget $207,445.30 $575,000.00 36.08% $409,092.77

Total Revenues $926,278.94 $2,030,430.84 45.62% $1,884,195.77

EXPENSE SUMMARY

Expenses Through 6/30/15

2015 Approved Budget

Percent to Budgeted

2014 Actual Expenses

Total Operational Expense $273,547.67 $595,753.90 45.92% $488,049.84

Total Program & Service Expense $562,101.94 $1,364,676.94 41.19% $1,159,678.70

Total Fundraising Expense $22,992.10 $70,000.00 32.85% $55,734.00

Total Expenses $858,641.71 $2,030,430.84 42.29% $1,703,462.42

GLOBAL CITIES UPDATE RECENT RANKINGS & RECOGNITION

#1 Best Place to LiveLivability.com(Greenville, SC)

The Upstate SC Alliance’s work with the Global Cities Initiative, a joint project of the Brookings Institution and JPMorgan Chase, continues to be a priority focus for the organization. Launched in 2012, the Global Cities Initiative helps business and civic leaders grow their metropolitan economies by strengthening international connections and competitiveness.

The Upstate SC Regional Export Plan was formally launched at the Alliance’s annual meeting on March 11, marking the transition from plan development to plan implementation which will be completed over the next three years. The plan lays out strategies and tactics designed to link regional strengths developed over decades of strong international recruitment to the needs of both established and emerging domestic enterprises to help them become globally nimble companies, the next generation of Upstate headquartered multi-national corporations.

Recognizing that the Upstate’s

future prosperity and competitiveness is tied strongly to its global connectivity, the Upstate SC Alliance also won acceptance into the 2015 group of metropolitan regions that will develop their Foreign Direct Investment (FDI) plans over the next several months.

The Alliance kicked off the FDI planning process with a visit from Brad McDearman and Ryan Donohue from the Brookings team who discussed current FDI trends and highlighted key themes and findings from the FDI pilot cohort at the Q2 Board Meeting. Plan development working sessions with partner organizations and stakeholders will take place through the fall with a target for FDI Plan launch set for early 2016.

#1 Micro City of the Future in North & South AmericaFDi Intenllegence(Greenville, SC)

#2 Micro City for Business FriendlinessFDi Intenllegence(Greenville, SC)

#1 Top U.S. Economic Development GroupsSite Selection Magazine (Spartanburg Economic Futures Group & Oconee Economic Alliance)

14 PUBLICsector investors 10 NEW

investors

Automotive & Transport

Advanced Materials

Bioscience & Healthcare

Aerospace & Defense

Energy & Utilities

Industrial Manufacturing

Business Services

2015 PIPELINE YTDNEW & EXPANDING COMPANIES

Canada

Ireland

Germany

United Kingdom

COUNTRIES OF INTERESTTop 6 Countries by Active Contacts in Pipeline

Pipeline by Target Industry Type

3S International CorporationBorgWarner Inc.CareCam Health systemsCH2MCoca-ColaCott BeveragesDollar TreeEuWe Eugen Wexler US Plastics Inc.ITECH SouthITT CorporationKing AutomationKobelco Construction Machinery USA Inc.MAIRECMarleylillyModerna ProductsO’Neal Inc.Pantex Americas Inc.PecTec CorporationPolydeck Screen CorporationRite Aid CorporationSchaffler Group USASYNNEX CorporationTechtronic Industries NA (TTI)U.S. Building Innovation, Inc.Vapor Apparel

upstateSCalliance.comFollow us on Twitter @SCUpstateFind us at facebook.com/upstateSCallianceWatch at youtube.com/upstateSCalliance

2015 YTD ANNOUNCED CAPITAL INVESTMENT & JOB CREATION

CAPITALINVESTMENT

JOBSCREATED

COMPANIES13 NEW // 12 EXISTING

$455,030,0002,706

PRESENTATIONS

390141

TOTAL IN2014

YTD2015

presentations made to external market audiences about the Upstate

VISITS

TOTAL IN2014

YTD2015

visits by companies and centers of influence to the Upstate

TOTAL IN2014

YTD2015

formal prospect information requests issued to economic development teams

Upstate SC Alliance 2015 Mid-Year Report

Documents

Transcript of Upstate SC Alliance 2015 Mid-Year Report