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HomeMy WebLinkAbout09/16/2008 Council Presentation - TREO UpdateS Town- Council ~ Presented to the Marana 'z~ f f 4 1 s ... T What We Do and Why • TREO's purpose is to synergize and coordinate all economic development activities and programs within the region, under one umbrella: - To create opportunities that will give a greater number of people better access to wealth through personal economic growth - To increase the tax base of governmentsJcommunities in order to provide higher quality services to citizens - To diversify the economic base, thereby cushioning the community against economic shocks ~` li i'I~Ih11i n~ U4IUN1 I , r Y ECONOMIC DEVELOPMENT: AN OVERVIEW r~~~°~ F~~:us; lh'EALTN GE"~E~.ATION ~x E ONOMtC OP OB UNITIES ~_,. ~~' ~ ~~. I-' ~~'' F _ t r '. `~"~, ~. /Y~` ~ ~'` ~~ ICI~RECT JCDBS ~ ~> a3, °~.'~_ Ftrsrtitar~ ~ ,t ~° >~~"' i. _ C u4,tat l: ~~ ~ ~- Hr3n~~ ~~F~~~`~~ ~ ;~let~n~rs °. ~U'PPLIE~~ _~,st~~i.t~ntx ~M .,, .~ .wt~'t-'.{„ r'~~.+'~ ~'-~' Lawcy~~ts +, ~ '' . < ~3itice Ft€tl~itu~~ Eri€.uprient Frini?r3 SUPPt~PT`Et~ ~Y SE3IGE PROVIDERS ~ i 1, I~` ~~~ GENERATE TAKES E'. Tice Mate cif Arizona Pima ~nl~n~r ~.€. I}I'i tt tt I l I p 3 c I t 3'''Sr Targeted Industries Biotechnology Regional Assets Growing, , State Strategy Strong "~ E;EC,i~~~dai ~invu~+u ni nFn ~,n~~~', Aerospace & Defense Top 5 Region in the U.S. r ~ ~.. ~~ Sr ~~ fi ~ ~; [ti Solar ~~~~_ An Emerging Industry, .:.r A Natural Fit Transportation & Logistics Building on a Strategic Location High Wage Job Development 2007-2008 Accomplishments • Attracted, expanded and retained 14 companies Attraction: Retention/Expansion: Solon America Corporation (July 2007)AFNI, Inc. (August 2007) Prism Solar (October 2007) sanofi-aventis (September 2007) Latitude Corp. (October 2007) Intuit (January 2008) Stanley, Inc. (December 2007) Asarco (February 2008) STG, Inc. (January 2008) Timkin (February 2008} Stardancer Yachts (January 2008) Air Systems Components (Feb 2008) Schletter, Inc. (May 2008) Texas Instruments (April 2008) • 40% increase over fiscal year 06-07 in attraction/recruitment • 75°/© increase over fiscal year 06-07 in expansion/retention • 3.,572 total jobs impact ~~ ~~~~ i~~~yn~~i ~ ~ ~i;~ur,irr, ~" ~tl . ~_ - _,.. ~ dlarnirW s•- l rn rn„~ nl ,.~ ' `J c f. .,,.r. -~ ~~;i ~, _ . _ ~ r_._.. -:..... t rr:- ~ t 3~nLT~ 41' Lerch _ k _ y ~/> ~" _ _ ~ [ ~l~rw t91 , Lnlr iv.N S ~~ ~~ ~~ Ro~~ttefr ~- Uentan,a I~~edical ~.,,~., ,~ Sy~st~~s .. _ AFl~il .r, si ~ L 55''55 ~ 'S ~ y. ~ -. r nl - j ,~,. R _ ,e { p' ~'~~ i ,.~. .... S i ~ ~ N.1 ~' 111 e~ _ _ 1 _ ~ ` V . _ tP~sa i9 ~~' v, i 1. [ ~~~., I. C_...~: '~ k },.~i.. IJ ~:i..: ~ `, i 4 r ~..: i1 a..r. ...r lil r rt .cry: r,r _.ra"., .. ,,,r„COnt ~~1L~t5 ~ ~~ a Tin~iien t ~ ~~~~. ~~,~ hS~R~C~} ~~~ _ _ 4 .w. 1r 11.E ~. i Gi~bal t ~%1 1,^r. GEIC~ I~i.~w~~.~A l? ~~ _:. ~ ,.~_ T~f~,.~0~1 In,rastrn~nt ~, E ...~~-,,, ~ ,...~. K.~ . n ~~ ,. ~ ~t9 ~ltu{~P. EY• ho r#,.i .r.,r;v..J ~ta~l~1 _- ~ ~, C€~r .~ ~ Ina. ~~ . ~ , .,r 1_ ~ ~ ~ Tt~acstee( ti„,..{ Raytheon :. r lr~tuit '~ ~ `_ _~~.~.~~~_ r Service 1~9issile • , ;..~~. `-. Cam{~uter ~ •.,`,:, ~ Centers.. ~ ~ste~s Laid `.. ,. Designs Inc, - _ Glahai Solar Glass Fib . _ _. ~ ,.,~,~ Peila CarP• ~; :, ,.~.,., ~ ,~~~ r- ~.__~rizona ,,., ~'_. STG . ~~;`->~ `~~=~- Car~nin GoF LLG',. (SiQrr; Sion ~ .., Unite ~ ~~~ ~r~eriea ~ ~ Sta dar Target.aom Gnllectia~ns Life~yele air era~~ien ~ Fltili~e~t (Sie~r, Bureau In~er "~~~~ . ~~ istics Center Closing the Wage Gap LEGEND Tucson MSA ($36,379) ~ State ($.36,213) ~ TREO Projects ($40,490) U.S. ($39,190) 41,000 40,000 39,000 38,000 37, 000 36,000 35, 000 34, 000 ~~:. R ~~(, I (1 PJ~A 1 ~~" li iNil^r^'li i I 'u4'll,il+l' I', Infrastructure/Capacity Development 2007-2008 Accomplishments • Launched Shovel Ready Pilot Program • Developed coordinated International business development strategy and Inland Port/Logistics concept • Led Portland Leadership Exchange Trip • Launched Targeted Industry Planning Councils • Generated 106 print articles and region earned 18 new rankings • Launched community-wide Blueprint mobilization strategy, annual report card model and methodology ~~~ R E G I O N A I LC~NOMItONPO[~TIINII~I'~~ J~x _ ~ ,~ ..~ ...,, .. ri;l~ "h Y1 ~'G' ~~ `b ~, ... V i ~~~ ~« , c.4~6Y~ . r »e^ .x,44*>. s~ ~, r^t `, "+. .. ~`. :' TUCSON RE~+I`J1t4L ~ ;I+r:iVllf t P?~i~TJNETIES, INS. 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"': 3uhtta~nmtx~' nF ~~'t,?.arak~ ~ SIE xa: ~N3n BG~rt~l, 'S?>. r~,~`,a~ ?fir, ...r.i : I6 Br+r ~ _ F cs~n _s.'t?; -ass kw~~Ia- -_-n?'<uvn{r ' ~r cr Faaaua'rarxr: _ ~- x. ., `,,FL :haa~ral 'n.-rtsr f~.aa<aht ~4aGC1aL'~:BI ~T LCi~,c KA'k!5=.,,-1i ~ansra( ..,~ .a.t'~,! ~B~k of a~,zts ,!Ars..~~1`. >ki ':fiaery 6e3rd' ~~~ftaac;#`1:"' ~ I1. 8 ','' ..oT1°ti4'~ .. i=3~tFRt ,~~ r~: ,~ :.X74t'1, .6eranr iranac4ina nxna' Ice = iF- . _rt M~~anx: x.(-,~. El'EAhAELEA6 RC;4VITA,11tih5 '008-2009 Priorities :~~ ~_ ~:~~ .,Fr ~;:~ ;.~. Program Focus Areas HIGH GE ~ INFR~ y\UCTU DEVELOPMENT CAPACI EVELOPM SUSTAINABILITY TREO Initiatives and Programs »Foreign Direct Investment: • Mexico • Canada • Western Europe • United Kingdom »Sales Missions/Trade Shows: • Biosciences • Logistics • Solar • Aerospace/Defense »Site Selector Marketing »Local Business Assistance »National Marketing/Branding »Web Marketing »Shovel Ready »Workforce Development via WIRED »Targeted Industry Planning Councils »Mobilization of Blueprint Strategies »Legislative/Governance Support »Strategic Partnerships »Research »Leadership Exchange »Tax Incentive Programs »Inland Port Model Development »Shareholder Engagement.: • Public • Private • Community »Annual Meeting »Community Report Card »Revenue Growth: • Private sector investor program • Public sector diversification revenue model »Accountability and Evaluation: • Successful audit/fiscal management • Return on investment analysis OUTCOMES - Increased National/International Awareness of Tucson region as a business location - New or expanded employment opportunities in targeted industries - Increased FDI, specifically in bio and solar - Higher wage employment opportunities - Greater diversity of economic base - Align workforce skills to be compatible with targeted industry requirements - Improved market intelligence within the targeted industries - Detailed implementation strategies for inland port concept development - Increase speed-to-market capabilities of real estate - Facilitate better coordination and common measurement matrix throughout the community - Improve communication and engagement from stakeholders - Measure and evaluate our competitiveness - Increase private sector financial support of economic development - Equitable funding support from public sector ^ 2008-2009 Budget f I ~ '' »~. ... K~ 3 f , ~.~w~r.. ~ ~ ~ as ix ~ .3 ~' «h; Budget ~ FY08-FY09 Revenue Wired Grant $85,000 (2%) Private Sector $1,200,000 (33%) Other Sources $91,500 (3%) City of Tucson Regional Government ~~ $125,000 (3%) ~ R~ h l U N h l ~~~~~~nr~i~ ui~~~~~ui~~n;r, Pima County $490,000 (14%) *Workforce Development Funding TBD COMPANY CONFIDENTIAL RESTRICTED USE Budget FYO8-FY09 Expenditures Operations $401 K (11 %} Administration $403K (12%) r F~ ~ ~~, i n ~~ ~ n ~~ ~~ ~~~,~~u>~i, ,,,,,~4iu~,i i~, Programs COMPANY CONFIDENTIAL RESTRICTED USE i R E G I O N A L ECONOMIC OPPORTUNITIES www.treoaz.org