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Three Reinvestment District Projects receive provisional funding approvals

The Iowa Reinvestment District Program is designed to assist communities in developing transformative projects that will improve the quality of life, create and enhance unique opportunities and substantially benefit the community, region and state. The program provides for up to $100 million in new state hotel/motel and sales tax revenues to be “reinvested” within approved districts. Districts cannot exceed 25 acres in size and must be in an Enterprise Zone or Urban Renewal Area.

Iowa Reinvestment District plans must include tax revenues generated by “new retail establishments” and “new lessors”.  New retail establishments cannot exceed 50 percent of the total proposed capital investment. At least one of the new proposed projects within the district must reach a total capital investment of $10 million. And, the total amount of new tax revenues to be remitted to the municipality cannot exceed 35 percent of the total cost of all proposed projects in the district plan.

Three of the 10 applicants received a score in excess of 70 points (out of 100) and presented their projects to the Due Diligence Committee in May. The IEDA board today, upon the recommendation of the Due Diligence Committee, decided on provisional funding for the projects in the city of Des Moines, the city of Muscatine and the city of Waterloo.

The provisional funding decisions are designed to provide practical feedback for municipalities interested in creating a reinvestment district but are not final or binding. Following the provisional approval, final application materials fully meeting all of the program’s requirements are due prior to March 1, 2015. Applicants may amend any part of the pre-application to represent any change to the proposed projects within the district. The final application will be re-scored in the same manner as the pre-application, if changes are made. The board’s final funding decision may be different from the provisional funding decision based on the final application.

The city of Des Moines was provisionally approved for a maximum of $36,487,400 in funding for its proposed district in the city’s downtown. The Des Moines plan proposes a total capital investment of $178.5 million and includes building a convention headquarters hotel, investing in infrastructure and amenities to support new visitors, redeveloping important downtown sites, preserving significant architecture, improving walk-ability throughout downtown, and connecting important amenities such as the Iowa Events Center, Principal Riverwalk, the Civic Center of Greater Des Moines and Cowles Commons, the East Village, Court Avenue and Western Gateway Park.

The Muscatine Reinvestment District received provisional funding approval of $10 million maximum for its $41.1 million capital investment. This district includes one major project, the Riverview Suites Development, consisting of three elements: the construction of a new hotel, the remodel of a vacant building into a conference and events center, and the construction of a parking ramp.

The city of Waterloo was provisionally approved for $12 million maximum for the TechWorks district, located at the west end of downtown and made up of land donated by Deere & Company. The district has a capital investment of $74.1 million and includes three projects. The first is a mixed-use development including a business-class hotel, industrial incubator, private sector lab and manufacturing maker-space and John Deere Tractor & Engine Museum.  The second project area includes commercial out-lots such as a restaurants and retailers that complement other project areas. The third project area includes a marina for boat storage, boat sales, fuel sales and a riverfront restaurant.

Full application materials for these three projects will be available within 10 days for public viewing at www.iowaeconomicdevelopment.com/CommunityDevelopment/ReinvestmentDistrict. Applications for subsequent Reinvestment Districts will be accepted from March 1-15, 2015.

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Download a spreadsheet of today’s awards:
http://iowaeconomicdevelopment.com/UserDocs/documents/IEDA/june14awards.pdf

Economic Development Board Approves Cedar Valley Project

The Iowa Economic Development Authority (IEDA) board  awarded direct financial assistance and tax benefits to nine companies for job creation and expansion projects including a major project in the Cedar Valley. These awards will assist in the creation/retention of 484 jobs and will result in nearly $105 million in new capital investment for the state.

A proposed project includes an investment to expand tractor product laboratories at the John Deere Product Engineering Center in Cedar Falls. These investments will address the evolution of tractor size and power, and add test capabilities to help ensure that John Deere products meet customers’ expectations for productivity, reliability, efficiency and comfort. The project is expected to have a capital investment of $27.7 million and would retain 29 jobs at a qualifying wage of $18.84. The board awarded John Deere tax incentives through the HQJP to complete this project in Iowa.

 

Employment Opportunities: Communications Assistant and Administrative Assistant with Alliance & Chamber

COMMUNICATIONS ASSISTANT

The Greater Cedar Valley Alliance & Chamber seeks candidates to become our full-time Communications Assistant. The main responsibility is to fulfill the graphic design and marketing needs for events, social media and website content support including analytics, and assisting with overall graphic design needs of organization and special projects.

Marketing, Communications or Graphic Design degree preferred, or experience equivalent. Must be proficient in Adobe products (InDesign, Photoshop, and Illustrator), website content management systems, and Microsoft Office. Candidate must be comfortable working in various forms of media including television, radio, print, social media, e-media, etc. The successful candidate will have excellent oral and writing communication skills, including copywriting and proofreading. Additional experience that will be beneficial includes photography, html coding and video production. This position will entail a heavy emphasis on graphic design, so a portfolio of previous work will be requested at the interview

ADMINISTRATIVE ASSISTANT / RECEPTIONIST

The Greater Cedar Valley Alliance & Chamber seeks a positive and organized candidate to become our full-time Administrative Assistant/Receptionist. The main responsibility is to provide administrative support to the office, answer multi-line phone and greet guests.  Also assist with office management, membership functions, and meeting/event invitations and preparation.

Requirements include at least 2 years of related work experience and proficient computer skills, including Microsoft Office, Outlook, mail merge and database management. Minimum typing speed of 50wpm. Additional research skills a plus. Must have proven organizational and time management skills. NCRC certification preferred.

Competitive wage and benefit package available. Please send cover letter, resume, and professional references to: SSommerfelt@cedarvalleyalliance.com. Greater Cedar Valley Alliance & Chamber, 10 West Fourth Street, Suite 310, Waterloo, IA 50701. EOE

The Greater Cedar Valley Alliance & Chamber is a private, not-for-profit corporation whose investors include businesses, institutions, local governments and professionals dedicated to continuously improving the economic environment and quality of life in the Cedar Valley.  The Alliance & Chamber works to increase wealth and economic vitality through collaborative economic and community development throughout the Cedar Valley economic area.

 

Cedar Valley Investor Report

The Cedar Valley Investor Report gives a snap shot of the activities of the Alliance & Chamber, news from our investors, and informative articles selected for their relevance to economic growth in the Cedar Valley.

Cedar Valley Investor Report

Clayberg Joins Alliance & Chamber as Director of Business Retention & Expansion

The Greater Cedar Valley Alliance & Chamber is pleased to announce Nate Clayberg has accepted the position of Director of Business Retention & Expansion.

As Director of Business of Retention & Expansion, Clayberg will plan, develop, and implement regional economic development initiatives to encourage and facilitate growth in targeted industry sectors. An important initiative to be lead by Clayberg  is Advance Cedar Valley, local implementation of Advance Iowa, a statewide Economic Gardening program operated by UNI.

“Nate’s familiarity with the business community of the Cedar Valley economic region and the work of the Alliance & Chamber is a great asset. He will be able to provide services to growing Cedar Valley businesses immediately,” says Alliance & Chamber CEO Steven Dust, “It will be a fast transition for a talented professional like Nate.  This is an important addition to our organization.”

Clayberg was previously the Executive Director of Economic Development in Buchanan County and the current Chair of the Cedar Valley Regional Partnership , an economic development marketing collaboration. In addition to his work in the field of economic development, Clayberg is known in the Cedar Valley through his work in development at the University of Northern Iowa Athletics and Sartori Hospital. He is a 2013 Cedar Valley Courier Communications 20 Under 40 honoree.

Clayberg received his bachelor’s degree in Journalism and Mass Communications from Iowa State University and a master’s degree in Sports Administration from Virginia Commonwealth University. He is a graduate of the Economic Development Institute at the University of Oklahoma, and is in the process of attaining the Certified Economic Developer designation.

“We were looking for a candidate with strong economic development knowledge and experience who would work hard for the Cedar Valley,” says Lisa Skubal, Vice President of Economic Development. “We believe Nate will be highly effective in this role, delivering results in a very short time.”

Clayberg will assume his role with the Alliance & Chamber on May 1, 2014.

“I value the type of work I do every day as an economic developer as it contributes to the overall good of the entire community,” comments Clayberg.  “I look forward to utilizing my skills to help the Cedar Valley region grow and prosper,”

Originally from Webster City, Clayberg  lives in Jesup with his wife Kelly, a perfusionist with Cedar Valley Medical Associates at Unity Point – Allen Hospital and his two children Rachel, 11 and Daniel, 7.

The mission of the Greater Cedar Valley Alliance & Chamber is to increase economic vitality and wealth by leading collaborative economic and community development.  Details about the many programs and initiatives of the Alliance & Chamber can be found at www.cedarvalleyalliance.com or by calling Steve Dust, CEO at (319) 232-1156.

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Sue Beach Joins Alliance & Chamber as Director of Investor Relations

The Greater Cedar Valley Alliance & Chamber is pleased to announce that Sue Beach has joined the Alliance & Chamber as Director of Investor Relations.

The Director of Investor Relations is responsible for investor recruitment and retention. Beach will work collaboratively with Bette Wubbena, Director of Investor Services.

 “Sue has served as a volunteer on Alliance & Chamber committees and as an Ambassador for both the Greater Cedar Valley Alliance & Chamber and the Waverly Chamber,” says Cary Darrah, Vice President of Community Development, “Her knowledge of our services and the return on investment available to investors will be a major benefit to our existing investors and to other businesses and institutions in the Cedar Valley economic area looking to give their operations a competitive advantage through the Alliance & Chamber.”

Beach has over 20 years of sales, marketing, fundraising, and management experience. Most recently, Beach led the Cedar Valley through the adoption and implementation of the Blue Zones Project of Waterloo and Cedar Falls as the Program Manager.

Beach is a graduate of North Iowa Area Community College and Hamilton College.

“Sue is a respected leader in the community with extensive expertise in building relationships and generating revenue, volunteer support and action,” says Alliance & Chamber CEO Steven Dust, “Her business and non-profit experience is a good match for this new role in the Alliance & Chamber. Our investors can expect the same kind of enthusiasm and energy to ensure they’re receiving maximum return on their Alliance & Chamber investments.”

Beach resides in Cedar Falls with her husband Sean and has an adult daughter Cheyenne.  She will begin her duties with the Alliance & Chamber on May 12,2014.

The mission of the Greater Cedar Valley Alliance & Chamber is to increase economic vitality and wealth by leading collaborative economic and community development.  Details about the many programs and initiatives of the Alliance & Chamber can be found at www.cedarvalleyalliance.com.

Alliance & Chamber Investor Bossard NA Receives Contract with American Electric Auto Manufacturer

Steen Hansen, President, Bossard North America announces that Bossard NA has received a contract to supply  American electric vehicle manufacturerTesla with fasteners, engineering and logistics. This contract is significant to Bossard and the strength of the Cedar Valley headquarter operations. All parts of the work – engineering, planning, administration, logistics support – will be fulfilled in the Cedar Valley with warehousing in California. (Read More)

Three-Year Contract with Tesla Opens Up New Opportunities

Zug, March 12, 2014 – The Bossard Group is strengthening its collaboration with the American electric vehicle manufacturer, Tesla. Tesla awarded Bossard with a three- year contract with a total volume of around USD 140 million to provide production fasteners, engineering and logistical services. The importance of this co-operation has prompted Bossard to open a new distribution center near the Tesla factory in Fremont (California).

For more than four years, the two companies have collaborated in the design and development of the cutting edge Model S, including engineering, prototyping and ultimate delivery of production fasteners utilizing Bossard’s globally unique inventory management system, SmartBin®. Bossard Group has proven to be the preferred fastener supplier for Tesla while offering exceptional engineering and design services. This collaboration is reflected in sharply increasing sales volume for Bossard in support of the California based auto manufacturer: “Bossard considers it an honor that the existing successful collaboration is now solidified with a three-year contract with an estimated value of USD 140 million for this period” explains CEO, David Dean. Opening the new distribution center near the Tesla factory in Fremont will allow Bossard to provide valuable and quick customer service coping with the increasing demands. Bossard has steadily expanded its market share in the past few years in the United States; in part due to the intensified collaboration with Tesla.

Tesla’s goal is to accelerate the world’s transition to sustainable transport with a full range of increasingly affordable electric cars. Founded in 2003, California-based Tesla designs and manufactures electric vehicles (EV), as well as EV powertrain components for partners such as Mercedes and Toyota.

For further information:

David Dean, CEO, E-mail             investor@bossard.com www.bossard.com

 

 

Alliance & Chamber Announce 2014 Annual Award Recipients

WATERLOO, April 2, 2014— The Greater Cedar Valley Alliance & Chamber (GCVAC)  is announcing their 2014 Annual Award recipients. These awards recognize Cedar Valley individuals, organizations and businesses and were presented to a record setting crowd of 580 investors and supporters at the Alliance & Chamber Annual Celebration on March 27 at the Park Place Event Centre, Cedar Falls.   Master of Ceremonies was Kathy Flynn of Hawkeye Community College with KWWL Television’s Ron Steele presenting the awards.

The Annual Celebration’s premier sponsor was University of Iowa Community Credit Union. Gold sponsors were HGS, Kirk Gross Company, and KWWL Television.

As 2014 marks the 10th anniversary of the Greater Cedar Valley Alliance & Chamber, special commemorations and recognitions were made throughout the evening, including the presentation of the Legacy Award.

The Legacy Award recognizes an individual or business for their continued leadership and noteworthy contributions to the Cedar Valley through philanthropy and volunteerism, working to create a positive environment for business expansion and community, and enhancing the quality of life for talent recruitment and retention. This year’s recipients are three men considered the founders of the Greater Cedar Valley Alliance & Chamber retired UNI president Bob Koob, former John Deere Waterloo Works General Manager Barry Schaffter, and local business man Ken Lockard. This award is sponsored by Bertch Cabinet Mfg.

The Greater Cedar Valley Alliance was formed when Mr. Lockard, Mr. Koob, and Mr. Schaffter  began meeting with area leaders to find ways to move to a more regional and collaborative approach to economic development in the Cedar Valley.

This is the second year the Greater Cedar Valley Alliance & Chamber presented Diversity & Inclusion Awards. This recognition is given to two businesses or organizations, of varying size, for leadership in creating and strengthening an environment of diversity and inclusion in their workplace culture, business practices and in the community. This year’s recipients are Allen College – Unity Point Health and Veridian Credit Union. This award is sponsored by Courier Communications.

The Fulfilling the Vision of One Award recognizes an outstanding contribution by an individual in the private sector for leadership in creating and strengthening regional collaboration and cooperation for economic and community development. This year’s recipient is Tim Hurley. This award is sponsored by PDCM Insurance.

The Business of the Year Award recognizes the efforts of a Greater Cedar Valley Alliance & Chamber investor in promoting the quality of life and offering leadership within the Cedar Valley, achieving a major business accomplishment, or making an outstanding contribution to the Cedar Valley community, economy, and citizens. CUNA Mutual Group is this year’s recipient. This award is sponsored by Community Bank & Trust.

The John Deere Treating Capital Well Award recognizes the efforts of a private sector firm for a significant investment in the Cedar Valley that most emphasizes the attributes of the Cedar Valley. This year’s recipient is Hydrite Chemical. This award is sponsored by John Deere Waterloo Operations.

The Harold Brock Innovation Award recognizes the efforts of a private sector firm for innovation in technology, advanced manufacturing, or talent development. This year’s recipients are Kryton Engineered Metals and Schumacher Elevator. This award is sponsored by ACES.

The Cedar Valley Partner Award recognizes the efforts of an educational institution, non-profit organization, service club, or human service agency in promoting economic growth and employment, quality of life, offering leadership, or making an outstanding contribution to the Cedar Valley and its citizens on a continuing basis or with a specific project. This year’s recipient is Blue Zones of Waterloo & Cedar Falls (BZP). This award is sponsored by Wartburg College.

“We were very pleased with the reaction of our investors and friends who attended, and gratified with how many of our Cedar Valley businesses came out to celebrate the strength of our Cedar Valley economy, the free enterprise system, and our award winners,” commented Steve Dust, CEO of the Alliance & Chamber.

Videos featuring each of the award recipients and more information about the Alliance & Chamber can be found at http://cedarvalleyalliance.com/video-gallery.php?id=9.

Photos from the evening are available at https://www.facebook.com/cedarvalleyalliance or by contacting Communications Director Wendy Knapp at wknapp@cedarvalleyalliance.com.

 

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Leader Valley and the University of Northern Iowa to Cosponsor 2015 Franklin Covey Leader in Me Symposium

WATERLOO & CEDAR FALLS, IOWA –The Greater Cedar Valley Alliance & Chamber and Leader Valley, in partnership with the University of Northern Iowa, announce that the Cedar Valley has been selected as a 2015 Leader in Me Symposium Series site by FranklinCovey. The Leader in Me Symposium will be held April 22-24, 2015 on the UNI Campus. An estimated 400 people are expected at this regional professional learning conference. Attendees will be introduced to the advancements of Cedar Valley schools implementing Leader in Me, FranklinCovey’s whole school education transformation process, which teaches leadership principles to students in K-12 schools and embeds leadership as a core within their school culture.
Leader Valley Director, Melissa Reade, is particularly excited about this opportunity. “We’ve gone through an extensive vetting process to be selected as a Symposium site and we are thrilled for many reasons. This professional learning conference is world class. To be able to host it here in the Cedar Valley is a unique opportunity and honor.”

Symposium participants will learn in a high-powered environment that hosts an impressive lineup of inspirational thought leaders on education leadership topics. Participants will observe students demonstrating their leadership mind-set and skill-set through public speaking, practitioner sessions, talent presentations, and assigned leadership roles. Participants will also visit Leader in Me schools throughout the Cedar Valley to learn first-hand how leadership is infused into all facets of school life, including relationships, environment, curriculum, instruction, systems, and traditions of each school. Lastly, participants will engage in dynamic breakout sessions on developing leadership cultures and building family and community partnerships, as well as providing students with authentic and meaningful leadership opportunities.
CBE Companies CEO and current Greater Cedar Valley Alliance and Chamber Board Chair Tom Penaluna accepted a congratulatory call from FranklinCovey’s Sean Covey, during which Penaluna was informed of the Cedar Valley’s selection as a Symposium site. Covey reiterated the significance of the work that Leader Valley is doing to collectively support all of the students and schools in Waterloo-Cedar Falls. Dustin Odham, Leader Valley’s assigned FranklinCovey Education Practice Leader went on to say, “Leader Valley is creating a community unlike any other. The school and community leaders involved in this leadership work are doing it for the right reasons and have the heart and desire to do this well. I leave more inspired every time I visit and I want many more people to have the same opportunity. That is why I fought to ensure this community hosted a Leader in Me Symposium.”
UNI College of Education Dean Dr. Dwight Watson expressed his excitement about the announcement by saying, “It is an honor to host the 2015 Leader in Me Symposium. I have been a fan of Covey’s work since the beginning of my professional career.  I celebrate the fact The 7 Habits of Highly Effective People has been transferred into K-12 practices for children and youth because these habits are important elements in their leadership and character development.  Our hope is that the Symposium will showcase how engaged the Cedar Valley is in the work of Leader in Me and that we can perfect what we do by learning from others.”
Reade says, “It is reflection of the great leadership work being done collectively in our Cedar Valley schools. When you consider that the Symposiums are typically held in larger cities like St. Louis, Chicago, Denver, and Brooklyn, FranklinCovey believes we are doing something right. The Symposium provides an opportunity to not only showcase student leadership from the Cedar Falls Schools, Cedar Valley Catholic Schools, and Waterloo Schools, but also highlight our higher-education partnership in this leadership work, as well as bring attention to the Cedar Valley.”

“As we learn more about the preparation process for the Symposium, we are confident there will be ample opportunities for Leader Valley and UNI to synergize with other education and community organizations, as well as Iowa Leader in Me schools outside the Cedar Valley and businesses to make this Symposium one of the best,” said Reade. Hawkeye Community College and CBE Companies have already committed as awareness partners for the upcoming promotions of the Symposium.
Leader in Me has been adopted as a core operating system in 1,500 schools in more than 35 countries, with more than 600,000 students and 50,000 staff having been trained worldwide. Across the Cedar Valley, there are 14 Leader in Me schools, with 6,075 students and 842 educators already trained and embarking on their leadership journey. Within the Waterloo Community School District, Dr. Walter Cunningham Elementary, Fred Becker Elementary, Kittrell Elementary, Orange Elementary, Poyner Elementary, George Washington Carver Academy, and Hoover Middle School are implementing Leader in Me. Cedar Falls Community Schools implementing Leader in Me include North Cedar Elementary, Orchard Hill Elementary, Southdale Elementary, and Lincoln Elementary. Cedar Valley Catholic Schools infusing Leader in Me include Blessed Maria Assunta Pallotta Middle School and St. Edwards Elementary.
For more information on the Leader in Me Symposium, visit http://www.theleaderinme.org/events/symposium or http://cedarvalleyalliance.com/cms/220/Leader_Valley.You can also learn more by contacting Melissa Reade, Leader Valley Program Director at (319) 232-1156 or at mreade@cedarvalleyalliance.com.
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