2017-2021 Morton Economic Development Council

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2017-2021 Morton Economic Development Council
>>2017-2021
2017-2021 Morton Economic Development Council
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.

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2017-2021 Morton Economic Development Council
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

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2017-2021 Morton Economic Development Council
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.

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2017-2021 Morton Economic Development Council
>>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/

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2017-2021 Morton Economic Development Council
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.

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2017-2021 Morton Economic Development Council
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)

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2017-2021 Morton Economic Development Council
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

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2017-2021 Morton Economic Development Council
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

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2017-2021 Morton Economic Development Council
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 •

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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.

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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.

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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.

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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

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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.

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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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