GrimesJohnston Development Forum

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Grimes/JohnstonDevelopment Forum

• March 29, 2006

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the greater des moines partnership
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Our Mission The Greater Des Moines
Partnership is the economic and community
development organization serving Greater Des
Moines. Its mission is to maximize local
resources to address opportunities for economic
and community growth. Greater Des Moines
will reach its full potential only through a
united economic development effort, with one
voice, one mission, one focus.
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Greater Des Moines Partnership 2006 Work Plan

• Regional unity
• Workforce attraction and development
• Inclusion/Diversity competency
• Building upon the power of our organizational
  identity

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Who We Are --Choose Des Moines Communities

• The economic development "arm" of the Greater Des
  Moines Partnership.
• Public/private partnership supported by private
  investors and local governments.
• Represent a three-county region.

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What We Do --Choose Des Moines Communities

• Research
• Marketing and recruitment of new businesses
• Expansion and retention of local businesses
• Workforce attraction

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Research

• Primary site and building inventory
• Databases of corporate site selectors, local
  employers with non-Iowa headquarters and targeted
  industries
• Regional Research Center
• 2006 Distribution study by Iowa State University

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Research Des Moines vs. LA

• Cost of doing business 92.7 vs. 130.0
• Unit labor 98.6 122.2
• State/local tax 99.1 98.6
• Energy 72.9 200.8
• Office rent 78.2 101.8
• (Economy.com)
• Office rental asking rate (Grubb Ellis
  Research)
• Class A 17.46 30.24
• Class B 14.72 24.00
• (per square ft. on an annual, full service
  gross basis)

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Research Iowa vs. California

• Retail price for electricity
• (average retail price, bundled and unbundled,
  cents per kilowatthour)
• Commercial 6.24 12.19
• Industrial 4.16 9.85
• (U.S. Energy Information Administration, US
  Department of Energy)
• Workers comp costs (manufacturing average per
  100 payroll)
• 2.95 10.55
• (Actuarial Technical Solutions, Inc.)

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Research Des Moines vs. LA

• Local salary variance index 95.0 125.0
• (Robert Half for IT, accounting and
  administrative positions)
• Cost of living index 93.1 157.4
• (The Council for Community and Economic
  Research)
• Monthly apartment rent 610 1,571
• (The Council for Community and Economic
  Research)
• Singe-family home price 140,800 446,400
• (National Association of Realtors)

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Research Iowa vs. California

• Public high school graduation rate
• Second highest 85.0 67
• (Manhattan Institute for Policy Research)
• SAT score (The College Board)
• Verbal 596 504
• Math 608 522
• ACT score (ACT, Inc.) 22 21.6

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Research Iowa vs. California

• Quality of life ranking 2 30
• (National Policy Research Council)
• Most livable state ranking 3 34 (Morgan Quinto
  Press)

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Business Recruitment

• Conduct national and international recruitment
  trips (industry targets, site selection
  consultants and corporate headquarters)
• Marketing campaign to promote regions business
  advantages (new campaign begins in 2006)
• Develop business accelerator program

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National Recognition

• ABC World News Tonight Feb. 2005
• St. Louis Post-Dispatch - In Des Moines we say
  Youre Hired! 5/05
• Sunday World Herald Des Moines Arts Festival
  6/05
• Associated Press Some Americans Trading in
  Cities for Towns
• (Included New York Metro, Boston Globe, Seattle
  Post Intelligencer, Forbes.com, Newsday, LA
  Times, Washington Post) 9/05
• The New York Times - World Food Festival, - 9/05
• The New York Times - 36 Hours-Des Moines,
  10/05
• USA Today, Evacuees finding jobs away from
  Katrina Territory, 10/05

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National Recognition

• Expansion Management - 50 hottest cities 1/05
  
• Chamber Executive - Telling the Chamber Story
  6/05
• Midwest Real Estate News - Turning the Lights
  Back On 6/05
• Associated Press - Iowa Companies Pledge jobs
  for Hurricane Refugees (picked up by Waterloo
  Cedar Falls Courier , Sioux City Journal) 9/05
  
• Business Facilities - Transforming Iowas
  Economy, 10/05
• Midwest Real Estate News - People on the Move
  11/05

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Existing Businesses

• Identify expansion or retention opportunities
• Assist companies to expand or retain presence
  locally by working with local governments
• Coordinate visits with our community development
  partners

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Existing Businesses

• Focus on
• Insurance and financial services
• Life sciences
• Advanced manufacturing
• Information technology solutions

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Workforce Attraction

• Market Greater Des Moines to people around the
  world
• Change Your View campaign in 2000
• Raised awareness of Greater Des Moines to
  business leaders and jobseekers across the
  country
• New campaign this year

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Workforce Attraction

• Diversity Career Fairs in 2006
• Women in Technology International (LA)
• NAACP (DC)
• American Business Womens Association (LA)
• National Society of Hispanic MBAs (Cincinnati)
• IDED Alumni Receptions
• BIO

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Workforce Attraction

• Web Site for posting job openings and posting
  resumes (www.desmoinesmetro.com)
• Community tours for professional partners
• Four Hire and YPC

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2006 Goals

• 10 new company locations
• 20 business expansions
• Increase capital base of the metro by 150
  million through business expansion and
  recruitment

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2005 Results

• 10 new company locations
• 22 business expansions
• 1,921 jobs created
• Increased capital base of the metro by 246
  million

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Contact Us

• David Maahs, Executive Vice President, 286-4958
• Vic Cameruci, Vice President, 286-4912
• Mike Swesey, Senior Project Manager, 286-4997
• Stacie LoVan, Manager, Business Assistance,
  286-4971
• Marlena Bandurski, Director of Research, 286-4953
• Kim Brennan, Economic Development Coordinator,
  286-4929
• Amanda Steward, Media/Marketing Director, 286-4947

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Questions?

• 286-4950 phone
• www.desmoinesmetro.com