2017-2021 Morton Economic Development Council
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TABLE OF CONTENTS >>Our Mission and Vision 4 >>Growth Achievements and Making a Difference 6 >>Make It Morton Investors 8 >>Shaping Our Growth 9 >>Impacts: Projects and Programs 10 >>Initiatives 12 1. Local Business is Priority One 2. New Business and Jobs 3. Entrepreneurs That Stay and Thrive 4. Making Morton the Place to Be >>Measuring Our Results 14 >>Building Momentum 15 >>Continuation of a five year initiative to build and attract talented workforce, assist local business, spur capital investment, and generate enhanced revenues in Morton to benefit our community and our region. 2 WWW.MORTONEDC.ORG
BOARD OF DIRECTORS >>Bill Aupperle >>Chris Baumann Aupperle Construction AAA Northgate Heating & Air >>Sara L. Dill >>John M. Feser UnityPoint Health The Iona Group >>Sam Heer >>Clint Heinold Renewal by Andersen, Core Construction, EDC President EDC Vice President >>Jeffrey Hill >>Andrew Honegger Morton Community Schools, Morton Community Bank, EDC Ex Officio EDC Past President >>Mark Hohulin >>Jeff Kaufman OSF Healthcare System Village of Morton Mayor >>Tony Marchand >>Darren E. Martin GROWMARK, Inc Caterpillar, EDC Treasurer STAFF >>Leigh Ann Brown >>Lenora Fisher Executive Director & CEO Community Development Director WWW.MORTONEDC.ORG 3
Our Mission The Mission of the Morton Economic Development Council ENHANCING is to enhance the quality of life for the citizens of Morton by promoting and supporting existing businesses and attracting OUR QUALITY new businesses to the community. OF LIFE Our Vision The Morton Economic Development Council seeks to: >> Preserve the unique character and traditions of Morton while nurturing a creative and progressive environment where existing and new residents and businesses thrive. >> Create a healthy and diverse tax base in Morton through balanced residential and business growth. >> Attract a variety of shopping, dining, entertainment, and The Morton Economic Development recreation amenities that contribute to the quality of life of Morton residents. Council strives to DEVELOP new and >> Foster a community culture that is attractive to professionals from diverse backgrounds, cultures, existing businesses so that we can age groups, and professions. >> Foster a community culture that supports GROW Morton’s tax base, workforce, entrepreneurial growth. and residents and help Morton ADVANCE into the future. 4 WWW.MORTONEDC.ORG
>>With the foundation in place, capture growth with advancing Morton Momentum is our third our business environment and five -year initiative to build continue to be the community and attract talented workforce, of choice for many in business, assist local business, spur capital residents to call home and investment, and generate employees to prosper their career enhanced revenues in Morton to as opportunities evolve in the benefit our community and our 21st Century. • region. Morton is positioned to Morton ranked #1 as the 2016 best city in Illinois for families. Source: https://wallethub.com/edu/best-worst-cities-for- families-in-illinois/18426/ WWW.MORTONEDC.ORG 5
GROWTH ACHIEVEMENTS Through the course of close to a decade, the MEDC’s first two campaigns, Morton in Motion and Make It Morton have had a documented track record working New Businesses with the Village of Morton and committed stakeholders to drive new investment into the local economy. 48 MORTON EDC: YEAR IN REVIEW 2008-2015 New Jobs Created 1350+ Commercial Construction $110+ Million New Businesses 48 Business Visits 215 FPO Morton in Motion: Making a Difference Since June of 2008, when the Morton Economic Development Council was officially launched, the Morton EDC has made significant strides in strengthening our local economy and providing a foundation and framework for impactful economic development efforts in Morton. At the end of Morton In Motion, our efforts played a key role in the attraction and expansion of businesses creating 624 new jobs with the following impact on our local economy: 2008-2012 JOBS PAYROLL EARNINGS OUTPUT Direct Impact 624 $28,362,841 $125,802,554 Indirect Impact 120 $6,366,106 $21,417,221 Induced Impact 96 $3,020,050 $10,922,639 Total Impact 840 $37,748,997 $158,142,414 >>Direct Impact: the impact generated directly from the jobs created with the assistance of the Morton EDC. >>Indirect Impact: the changes in employment, income, and output (business sales) in various industry sectors of the local economy that supply goods and services to the companies that have expanded. >>Induced Impact: the increased sales from household spending of the income earned on various supporting industry sectors of the local economy. >>Output: total value of all of the goods and services produced in an entity’s economy. 6 WWW.MORTONEDC.ORG
New Business Jobs Created Visits 1350+ 215 Commercial Construction $110+ Million TOTAL IMPACT Disposable personal income $32,841,627 Net personal consumption expenditures $29,557,465 Deposit potential for financial institutions $9,852,488 >>Disposable Personal Income: personal income less personal tax and nontax payments. >>Personal Consumption Expenditures: disposable personal income less interest, personal transfer payments, and personal savings. >>Deposit Potential: personal savings rate less deposit leakage estimate with area turnover (reserve requirement ratio). Make it Morton: Continued Progress The Make It Morton campaign built on the foundation of the Morton In Motion initiative. Running from 2012-2016, Make It Morton has been successful in advancing the growth of the business community in Morton, overcoming challenging state and national business climate conditions. • MAKING A DIFFERENCE, MAKE IT MORTON RESULTS Goal: 750 New Jobs as measured by our business clients Tracking: 761.5 (created jobs through June 2016) Goal: 10% increase from $43 Million benchmark measured by the Village of Morton’s commercial and industrial construction permits Tracking: $71.9 Million (generated through June 2016) Goal: 10% increase in retail sales tax based on $15 Million benchmark measured by the State of Illinois sales tax reporting Tracking: $16.8 Million (generated through June 2016) Goal: 20 new business locations assisted by our office, measured by our business clients and program assistance Tracking: 34 new business locations assisted (created through June 2016) WWW.MORTONEDC.ORG 7
Barb Heer, Jim Maloof Realty Hometown Title Insurance ITV-3 J.J. Braker & Sons Kaiser Electrical Contractors M AKE IT Keach Architectural Design Morton Chamber of Commerce MORTON Oak Lawn Mobile Estates OSF Saint Francis Medical Center PNC Bank INVESTORS Friends of the Morton EDC Aaron Miller, Coldwell Banker Honig Bell Ameren Aupperle Construction Best Western Ashland House CliftonLarsonAllen Heinold-Banwart, Ltd. Holiday Inn Express Home Instead Senior Care Economic Development takes engagement from the entire Illinois Central College community. The progress we have made stems from the investors Knapp-Johnson Funeral Home and volunteers who have supported our efforts and joined us to Kuhl Insurance propel forward our vision and strategies in the belief that we can L & F Electric and should shape the future of our community through active, Lighthouse Automotive on-going, and targeted efforts. Menold Construction & Restoration Michael L. Bush P.C. Leadership Circle Mike Murphy Ford Morton Community Bank Millennia Village of Morton NCI Business Systems N. Zobrist Construction Premier Investors Otto Baum Benckendorf & Benckendorf Parker Fabrication, Inc. CMFS Group Renewal by Andersen The Iona Group Sam Leman Chrysler-Jeep-Dodge Nelson Global Products Unzicker Equipment Unity Point - Methodist Verizon Wireless Witzig Financial Strategies Walmart of Morton Yinlun Investors Zeller Electric AEP Energy BSI/Nelson Global Products Caterpillar Inc. Clear Path IT Solutions CORE Construction Culvers of Morton D. Joseph Companies David Mills, CPA Fort Transfer G & D Integrated Heartland Bank and Trust 8 WWW.MORTONEDC.ORG
SHAPING OUR GROWTH So what’s next? While the MEDC working with the Greater Peoria EDC on has successful tracking reaching a number of initiatives where regional our goals through our first 10 years, collaboration can yield increased results. the next five years represent an opportunity to position Morton as The goal of Morton Momentum is to put a premier location for decades. In Morton ahead of the curve in identifying addition to continuing robust business changing business and community assistance and recruitment programs, trends, allowing MEDC and the Village the Morton EDC will continue to lead of Morton to build on the tremendous the efforts to improve infrastructure, assets of the community. build a healthy business environment, revitalize downtown, grow retail, and With our first 10 years as a foundation, build workforce. the Morton EDC is ready to continue advancing our community as a location Workforce is critical to the retention that responds to 21st Century business and expansion of all our employers; our and community needs. Over the next team will work regionally to develop five years, we have an exciting and better tools for workforce recruitment, innovative plan and dedicated team to retention, and skill development. And lead the charge. • speaking of regional, we are actively WWW.MORTONEDC.ORG 9
IMPACTS: PROJECTS AND PROGRAMS Memorial Plaza 2016 - Plaza construction begins, which continues to bring forth the vision for Downtown Morton to create a vibrant downtown that is inviting to visitors, residents, businesses, and our vast workforce. Downtown Morton will be bolstered by redevelopment of existing properties with an emphasis on mixed-use, and the plaza is a great catalyst. Through MEDC efforts to raise $850,000, new and less involved companies and organizations joined in supporting development growth with the plaza project. The plaza will be a central hub for our community to gather to reflect and share stories about their families, for events to take place creating new memories, and spur additional investment into the heart of Morton. Morton Facade Improvement Grant The Morton Façade Improvement Grant provides matching grants of up to $5,000 from 2012 – 2015 with increasing the match to $10,000 in 2016 to commercial property owners and occupants for exterior building and signage improvements. The grant is open to any business or building owner located in the Morton Business District, which is the vast majority of local businesses. The Morton Facade Improvement Grant is funded through the Morton Business District Fund. Façade Improvement Grant 2012 – 2016 (through June) activity spurred the injection of over $350,000 in private investment. 2012 $45,000 grant money to 14 businesses 2013 $16,175 grant money to 6 businesses 2014 $43,010 grant money to 10 businesses 2015 $24,439 grant money to 8 businesses 2016 $81,670 grant money to 13 businesses Total funds $210,294 to 51 businesses Morton MicroGrant The Morton MicroGrant is funded solely by Morton Community Bank and administered by a committee of the Morton Economic Development Council. This special program provides $1,000 - $5,000 grants to for-profit business owners interested in starting, moving, or growing in Morton. Funds can be used for property improvement or acquisition, equipment purchases, inventory, working capital, and rent subsidies. The Morton MicroGrant program has been successful at helping our small businesses with some important projects to enhance their location, build business growth, and create jobs. Morton MicroGrant reinvestment from 2012 – 2016 (through June) 2012 $8,500 grant money to 3 businesses generating 17.5 new jobs 2013 $13,500 grant money to 5 businesses generating 13.6 new jobs 2014 $8,500 grant money to 3 businesses generating 8.5 new jobs 2015 $9,500 grant money to 3 businesses generating 13.5 new jobs 2016 $22,500 grant money to 6 businesses generating 25.5 new jobs Total funds $62,500 to 20 businesses generating 78.5 new jobs • 10 WWW.MORTONEDC.ORG
Top 10 Best Place to Live Morton was recently recognized by greatschools.org as one of the top ten cities in the nation to live in for great schools and moderate housing prices. WWW.MORTONEDC.ORG 11
Initiative 2 New Business and Job Growth New business efforts will focus on recruiting both a diverse INITIATIVES mix of community-minded primary employers that offer employment opportunities with attractive wages, benefits, and work environment and new retail businesses that enhance the quality of life for local residents and increase sales tax revenue to our taxing districts. Both primary and retail recruitment will target businesses that will build on the existing mix of employers in the Village. >>Update website with available locations, resources, and community data regularly. >>Participate with the Greater Peoria Economic Development Council on regional marketing initiatives and site selection Initiative 1 conferences. Growing Our Local Businesses >>Communicate with a targeted list of site selectors and corporate real estate professionals. Send information on Assisting our existing local employers has been the top priority available buildings/sites and updates on local opportunities of the MEDC since its inception. That assistance takes a variety and incentives to this group. of forms depending on the needs of the individual company. >>Establish additional, local incentive options for new and It may be help with challenges that threaten to impede expanding businesses. their growth including workforce recruitment and retention, >>Work with the Village of Morton to market and leverage workforce training, product and service promotion, cost saving Enterprise Zone as an asset to drive new investment. measures, and infrastructure needs. >>Develop Morton marketing materials for targeted industries. >>Market available properties to developers. >>Meet with 40 businesses each year and follow up with >>Attend International Council of Shopping Centers (ICSC) concerns identified during meetings. connection events to recruit retailers and developers. >>Prepare and present quarterly reports with existing business visit findings and updates of major MEDC initiatives for Village Trustees. Initiative 3 >>Meet with decision makers at companies not headquartered Entrepreneurs that Thrive in Morton (one per year and then as needed). >>Meet with local HR professionals to discuss and respond to Identify and help local entrepreneurs to start and grow workforce challenges and connect to the regional Workforce their businesses in Morton by providing training, mentoring, Alliance and LiveGP resources. networking, and financial assistance. >>Continue to work with Village to facilitate improvements for procedures and processes in relation to business >>Continue providing one-on-one assistance to local development and expansion. entrepreneurs. >>Offer a Business Resource Workshop to showcase local, >>Establish relationships with Start-Up Peoria and PeoriaNext state, and federal financial opportunities and assistance. Innovation Center. >>Continue to administer the Morton MicroGrant Program and >>Continue the annual Morton Venture Award. provide assistance to the Village for the Morton Façade Grant >>Build a Young Professionals Forum. Program – key program to help support existing businesses. >>Continue to implement the new Morton MicroGrant. >>Examine whether low cost cooperative space is needed to support startup companies in Morton. 12 WWW.MORTONEDC.ORG
Initiative 4 >>Assist Business District Commission Making Morton with the development and implementation of a Building the Place to Be Improvement Grant. >>Provide Façade Grant and the The overall attractiveness and regional Revolving Loan Fund resources to perception of Morton is a major factor businesses to reinvest dollars to in driving new business and housing build revenues. investment in Morton. To accomplish >>Assist in the effort to improve this and position Morton as a leader the intersection at Main and in these areas, MEDC will focus on a Jackson Streets. number of initiatives to advance both >>Develop campaign strategy and brick and mortar projects and Morton’s materials that position Morton as brand/market image. the place to live, work, and play. >>Strengthening Morton’s downtown >>Work with area realtors and human district through programs and resource directors to promote activities that assist current Morton for residential locations businesses, recruit new businesses, along with connectivity to LiveGP and improve the overall appearance (Live Greater Peoria). • and infrastructure of the downtown area. CNN Best Cities to Start A New Business In October of 2009, Peoria was ranked as the 5th best city to start a new business by CNN. WWW.MORTONEDC.ORG 13
MEASURING OUR RESULTS The Morton Economic Development Council is committed to tracking and reporting the results of our efforts. We have established the following measurable goals for the Morton Momentum initiative, to be achieved by December 31, 2021: GOALS 800 New Jobs as measured by our business clients $51.7 Million in Commercial and Industrial Construction, a 10% increase from $47 Million benchmark measured by the Village of Morton’s commercial and industrial construction permits $17 Million in Retail Sales Tax, a 3% increase in retail sales tax based on $16.5 Million benchmark measured by the State of Illinois sales tax reporting 25 New Business Locations assisted by MEDC measured by our business clients $14 Mil EAV increase in Commercial and Industrial, a 10% increase in EAV based on $126.9 Mil benchmark measured by Tazewell County Assessment report Host Entrepreneur & Innovation Growth Forums to connect with 200 Entrepreneurs, Small Business owners, and Young Professionals 14 WWW.MORTONEDC.ORG
BUILDING MOMENTUM The MEDC’s past and future success is not possible without our investors. We hope that you will help us advance our initiatives and achieve continued success. To become an investor with the Morton Economic Development Council and our Morton Momentum campaign, please contact our offices. • >>Investment impact: $220,000 annually Business Assistance 38% Business Attraction 21% Quality of Life 16% Workforce Pipeline 12% Entrepreneur Network 9% Build & Connect Resources 4% INC. Magazine’s Best Cities to do Business Peoria also jumped 46 spots, up from #67 to #21, on Inc. Magazine’s 2008 Best Cities to do Business for Midsize Cities, and ranked #83 in Overall Cities, up 125 spots from #208 last year. WWW.MORTONEDC.ORG 15
CONTACT INFORMATION Leigh Ann Brown Executive Director and CEO Morton Economic Development Council 415 W. Jefferson Street Morton, IL 61550 309-263-2491 Office 309-241-8672 Cell labrown@mortonillinois.org www.mortonedc.org www.facebook.com/mortonedc
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