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With building permits on the rise, new businesses opening, and investment being made in the Cedar Valley, Steve Dust, President and CEO of the Greater Cedar Valley Alliance & Chamber says confidence is high in the Cedar Valley business community. Listen to Steve’s comments in this June 21st interview with Tim Harwood on News Talk KXEL.
Learn more about the Midwest Supply Chain Managers Survey here.
Construction has begun on the hotel on the TechWorks Campus in the Cedar Valley of Iowa.
$40M hotel, training center, conference space, restaurant construction launch in Tech 2 building
Today, TechWorks Campus, a subsidiary of the Greater Cedar Valley Alliance & Chamber, together with the City of Waterloo, Iowa Economic Development Authority, and Financial District Properties (FDP), celebrated the construction launch of the Courtyard by Marriott Hotel, John Deere Training Center, and restaurant in the Tech 2 building on the TechWorks Campus. The construction launch represents a significant step in the continued progress of developing The Green@TechWorks.
Governor Terry Branstad, Lieutenant Governor Kim Reynolds, and Iowa Economic Development Authority representatives were present to celebrate the launch and its significance as one of the first designated Iowa Reinvestment Districts (IRD) and one of the first IRD project to get underway.
Tech 2, an 88-year old former John Deere tractor manufacturing building, is being transformed into The Green@TechWorks re-development project. The 180,000 square foot, six-story building will house a 191-room Courtyard by Marriott hotel; a new restaurant operated by Consolidated Restaurant Operations, Inc. (CRO); John Deere Regional Training Center and a conference center (managed by Courtyard). The Green project is a principal feature of the overall TechWorks Campus riverfront re-development.
Also celebrating the launch was hotel operator Hotel Specialists, Inc. (HSI) of Jacksonville, Illinois and restaurant operator Consolidated Restaurant Operations, Inc. (CRO) of Dallas, Texas.
The Green & Overall Project
The Green@TechWorks is part of the larger 33-acre TechWorks Campus. In addition to the Tech 1 and Tech 2 buildings (formerly John Deere Westfield R & C2) the campus includes parcels suitable for light manufacturing and retail. TechWorks Campus is the first technology park of its kind in Iowa to combine world class business amenities within a Brownfield redevelopment site.
The John Deere Waterloo Tractor & Engine Museum is already established in the Campus area, as is the Tech 1 Center for Applied Advanced Manufacturing, including the University of Northern Iowa’s Metal Casting and Additive (3D) Manufacturing Center and a Design Lab in partnership with Hawkeye Community College.
A marina and a riverfront restaurant along the Cedar River are also part of the overall $74.1 million Campus development plan.
“This is a momentous day for TechWorks, the city, and the state of Iowa,” says Cary Darrah, General Manager of TechWorks Campus. “Finally, the public can see the results of years of planning and the efforts of those who believed in the vision for this campus. This is the first of many celebrations to come!”
Downtown Momentum
TechWorks Campus is just steps to the Cedar Valley Recreation Trails, entertainment & museum districts, and a variety of Riverloop District amenities.
Other developments underway in the vicinity include: Grand Crossing mixed use residential/condominiums, Single Speed Brewery with Sidecar Coffee Shop, and Hawkeye Community College Urban Campus.
Construction of the Tech 2 building is now underway, with a projected hotel opening in Spring 2017.
TechWorks Campus is a private non-profit corporation and subsidiary of the Greater Cedar Valley Alliance & Chamber. More information can be found at www.techworkscampus.com or by contacting Cary Darrah, General Manager at cdarrah@cedarvalleyalliance.com, or Wes James Facilities Manager at wjames@cedarvalleyalliance.com, or by calling (319) 232-1156.
Read more in the Waterloo Cedar Falls Courier.
Development Team Contacts:
The Green@TechWorks – Financial District Properties: Rodney Blackwell 563-324-9898
City of Waterloo: Mayor Quentin Hart 319-291-4301 or
Economic Development Director Noel Anderson 319-291-4366
CEO Mike Mallaro accepts the Business of the Year Award.
The Greater Cedar Valley Alliance & Chamber presented their Annual Awards on Thursday, March 31, 2016. The VGM Group received the Business of the Year Award for companies with 51+ employees. PDCM Insurance sponsors this award.
View the presentation video about the VGM Group, produced by Pyke Studios, here.
With 25 years of success, The VGM Group includes more than 20 business units. The most recent $20m expansion adds 70,000 square feet of new offices to the San Marnan Ave. corporate campus and will be home to 300 employees. The $2m renovation of the Alexandra Drive location accommodates growth of new tech based jobs.
VGM is a 100% owned by its 650+ employees through Employee Stock Ownership Plan “ESOP”, keeping wealth in the Cedar Valley and creating an employee focused culture and unique employment brand. VGM is one of Iowa’s 2015 Top Workplace in the Large Company category selected through an independent survey by Workplace Dynamics.
VGM’s annual Heartland Conference contributed an economic benefit of $1.1 million in the Cedar Valley in 2015 alone.
To help develop, strengthen, and retain talent in the company and the Cedar Valley, VGM participates in Iowa’s STEM Student Internship Program and has developed an internal professional development program for emerging leaders with in their company.
(Cedar Valley of Iowa) Cedar Falls Community Schools proposes to fund upgrades at North Cedar and Orchard Hill elementary buildings and build a new elementary school in southwest Cedar Falls at a total cost of $32 million. The board also reinforced the district’s and superintendent’s design of the programs to provide the benefits of the Career-Technical curriculum to students throughout the Cedar Valley. The Board of Directors of the Greater Cedar Valley Alliance & Chamber voted unanimously during its January 5th meeting to endorse the proposal by the Cedar Falls school district.
Cedar Valley Wide Impact
The Cedar Falls’ CAPS program will easily transfer credit to Hawkeye and UNI degree programs. This is important to ensure the student can seamlessly continue work toward a degree, obtaining the most current knowledge in the field, and entering the career field at the most opportune time for the student. It also defines clear career pathways for the student, and a quantifiable pipeline of candidates for jobs in the Cedar Valley.
The Alliance & Chamber board believes the taxpayers should approve this proposal. Business and education must work together to ensure continuing growth in our economy, while preparing smart, knowledgeable, engaged citizens. This proposal, well executed, will do both. Plus, a smooth transition to Hawkeye and UNI is precisely what students need to minimize their cost and time spent preparing for a great career in the Cedar Valley.
Cedar Valley Alliance & Chamber Chairman David Braton recapped the discussion of the board, stating, and “Workforce development is critical to the growth of the Cedar Valley. The Alliance & Chamber applauds Waterloo and Cedar Falls Schools staff and school board for taking these bold steps to give our students the best education in a changing world. Workforce development is the key to our economic success.”
Vote “Yes” on April 5
The Alliance & Chamber encourages all voters in the Cedar Falls School District to view these initiatives favorably, and as investments in the future generations of Cedar Valley citizens.
Please vote Yes on Tuesday, April 5 for Cedar Falls’ Elementary Construction & Upgrades Plan.
Cedar Falls CAPS and Elementary School Construction Program
Usually, the Alliance & Chamber would not publicly endorse proposals for specific elementary school construction and expansion programs. This time, however, it is important to underscore that modern education requires attention to facility upgrades at all levels of education. Cedar Falls’ student population is projected to increase significantly over the next decade, in contrast to many other locations that are projecting shrinking elementary populations. Cedar Falls’ growth has generated the need for additions onto some schools to eliminate trailer-like, temporary classrooms. The need to add flexibility in the use of the space and install advanced technologies infrastructure in all schools combines with District growth to be sound reasons to support this proposal. During the presentation, the Alliance & Chamber Board focused first on the implementation of the Center for Advanced Professional Studies (CAPS) initiative, and immediately connected success in CAPS at the high school level with the need for modern elementary and middle school facilities.
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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For further information, contact Steve Dust, CEO, at SDust@CedarValleyAlliance.com or Wendy Bowman, Director of Communications at WBowman@CedarValleyAlliance.com or 319-232-1156; or Dave Braton, Chair of the Board, at 319-291-1400 or David.Braton@Lee.net
| The Greater Cedar Valley Alliance & Chamber encourages our investors and business owners in the Cedar Valley to contact Senators and encourage them to pass the bill regarding Business Tax Coupling. |
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| The Greater Cedar Valley Alliance & Chamber is closely watching legislation that would allow coupling of Iowa state taxes with federal tax law under Section 179 to allow tax deductions for equipment purchased, certain investments made, and particular individual deductions claimed by businesses in 2015.
Here are some of the items that will not be eligible for a deduction on your Iowa taxes if the Iowa Senate does not act:
The bill has already passed the Iowa House (House File 2092) and is now being considered by the Iowa Senate. Please contact your Senator and encourage them to pass this bill that would couple state and federal tax policies to allow for these business deductions. District 25 – Senator Bill Dix District 26 – Senator Mary Jo Wilhelm mary.jo.wilhelm@legis.iowa.gov District 27 – Senator Amanda Ragan District 30 – Senator Jeff Danielson District 31 – Senator Bill Dotzler District 32 – Senator Brian Schoenjahn brian.schoenjahn@legis.iowa.gov District 36 – Senator Steve Sodders District 38 – Senator Tim Kapucian Unsure who to contact? Find your district Senator here. For more information, contact Steve Firman, Director of Government Relations. |
Alliance & Chamber Supports Upcoming Waterloo and Cedar Falls Schools Proposals
(Cedar Valley of Iowa) The Board of Directors of the Greater Cedar Valley Alliance & Chamber voted unanimously to endorse two proposals by Waterloo and Cedar Falls school districts. Waterloo Community Schools has a $47 million proposal to build a career center, expand career and technical education and renovate its high schools. Cedar Falls Community Schools proposes to fund upgrades at North Cedar and Orchard Hill elementary buildings and build a new elementary school in southwest Cedar Falls at a total cost of $32 million. The Board took the action following detailed presentations by the districts’ superintendents and questioning during its January 5 meeting.
Specifically, the Alliance & Chamber approved each proposal separately, though in characteristic manner, the actions were combined into one motion, displaying unity of the regional business community.
The board also reinforced the districts’ and superintendents’ design of the programs to provide the benefits of the Career-Technical curriculum to students throughout the Cedar Valley.
Cedar Valley Wide Impact
A compelling factor in the support for the two proposals is the ability for students from outside the host District to enroll in the Career-Technical Education programs, utilizing channels already in place to ensure the District is adequately compensated for the high-value curriculum delivered. Also, both Waterloo’s Academies and Cedar Falls’ CAPS programs will easily transfer credit to Hawkeye and UNI degree programs. This is important to ensure the student can seamlessly continue work toward a degree, obtaining the most current knowledge in the field, and entering the career field at the most opportune time for the student. It also defines clear career pathways for the student, and a quantifiable pipeline of candidates for jobs in the Cedar Valley.
The Alliance & Chamber board believes the taxpayers should approve these proposals. Business and education must work together to ensure continuing growth in our economy, while preparing smart, knowledgeable, engaged citizens. These proposals, well executed, will do both. Plus, a smooth transition to Hawkeye and UNI is precisely what students need to minimize their cost and time spent preparing for a great career in the Cedar Valley.
Cedar Valley Alliance & Chamber Chairman David Braton recapped the discussion of the board, stating, “Workforce development is critical to the growth of the Cedar Valley. The Alliance & Chamber applauds Waterloo and Cedar Falls Schools staff and school boards for taking these bold steps to give our students the best education in a changing world. Workforce development is the key to our economic success.”
Vote “Yes” on February 2 and April 5
The Alliance & Chamber encourages all voters of the Waterloo and Cedar Falls schools to view these initiatives favorably, and as investments in the future generations of Cedar Valley citizens.
Please vote Yes on Tuesday, February 2 for Waterloo’s Career Center and High School Renovation Plan.
Please also vote Yes on Tuesday, April 5 for Cedar Falls’ Elementary Construction & Upgrades Plan.
Waterloo Schools Career Center
The Alliance & Chamber Board recognizes the outstanding research and planning by Waterloo Schools that included broad representation of the business community. The District included the entire community in the development of a plan that matches the needs of students and our businesses. The Waterloo District is focusing the use of this specialized building on implementation of a menu of academies that will begin a student’s preparation for a career in a well-paying and significant job, or even starting their own business. Waterloo plans to implement 15 Academies in school year 18-19, and fully implement the 30-Academy structure by school year 20-21. The first 15 Academies address areas of immediate impact such as Computer Science, Engineering & Robotics, and Bio-medical and Nursing; while others start students toward careers in needed trades and services such as Construction Technology, Computer Aided Drafting & Design, Automotive Technologies, and Manufacturing Technology. These address current and anticipated high-demand skills in the Cedar Valley.
Cedar Falls CAPS and Elementary School Construction Program
Usually, the Alliance & Chamber would not publicly endorse proposals for specific elementary school construction and expansion programs. This time, however, it is important to underscore that modern education requires attention to facility upgrades at all levels of education. Cedar Falls’ student population is projected to increase significantly over the next decade, in contrast to many other locations that are projecting shrinking elementary populations. Cedar Falls’ growth has generated the need for additions onto some schools to eliminate trailer-like, temporary classrooms. The need to add flexibility in the use of the space and install advanced technologies infrastructure in all schools combines with District growth to be sound reasons to support this proposal. During the presentation, the Alliance & Chamber Board focused first on the implementation of the Center for Advanced Professional Studies (CAPS) initiative, and immediately connected success in CAPS at the high school level with the need for modern elementary and middle school facilities.
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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For further information, contact Steve Dust, CEO, at SDust@CedarVAlleyAlliance.com or Wendy Bowman, Director of Communications at WBowman@CedarValleyAlliance.com or 319-232-1156; or Dave Braton, Chair of the Board, at 319-291-1400 or David.Braton@Lee.net
$40M hotel and training center construction set to begin with Tech2 building sale to developer.
(Cedar Valley of Iowa) – The TechWorks Campus, announces the sale of the Tech2 building to Financial District Properties (FDP) and the start of construction of the highly anticipated Green@TechWorks mixed-use project.
Tech2, an 88 year old former John Deere tractor manufacturing building, is the starting point of the Green@TechWorks re-development project. The 180,000 square foot, six-story building will house a 191-room Courtyard by Marriott hotel; third-party restaurant; John Deere Regional Training Center and conference center. The Green is a principal feature of the overall $74M TechWorks Campus river-front re-development.
“It is gratifying to see The Green @ TechWorks become reality. The project will provide our Campus tenants with tremendous amenities just steps from their operations,” said Steve Dust, CEO of the Greater Cedar Valley Alliance & Chamber and President of the TechWorks Campus. “Combined with the industrial 3D printing and design center, labs and shop in Tech 1, and the fantastic new John Deere Tractor and Engine Museum, the opportunities for the TechWorks building sites and the marina become clear. These new operations compliment the downtown Waterloo revitalization and anchors new Cedar Valley developments along the river from Waverly through Cedar Falls to Waterloo. This is a very exciting time in the Cedar Valley.”
Since The Green@TechWorks project was announced in 2012, FDP along with TechWorks has moved forward with steady determination, pursuing federal, state, and local re-development financing, and brokering agreements between the developer, the City of Waterloo, and others.
FDP Managing Principal Rodney Blackwell has significant experience with downtown real estate redevelopment and is recognized for successfully assembling complex financing structures for downtown projects. Earlier FDP projects include the Mississippi Plaza Center in downtown Davenport, IA, and the North American headquarters for KONE Corp. in Moline, IL. FDP is currently developing Machinery Row, a mixed use re-development area in downtown Racine, Wisconsin. FDP also owns the river-front building occupied primarily by the Waterloo-Cedar Falls Courier at 100 East Fourth.
“Despite the inevitable bumps in the road and some unexpected big challenges; creativity, commitment, and a lot of patience tied all the pieces of the financing puzzle together,” says Blackwell. “We are eager to start construction and look forward to delivering a venue that will compliment the Campus and delight the community.”
Helping to finance the project is $12 million from the Waterloo Reinvestment District.
A portion of the TechWorks Campus has also become the first designated Iowa Reinvestment District (IRD). The District, established by The City of Waterloo will provide up to $12M in new state hotel/motel and sales tax revenues generated within the district for capital projects. $8M will be used to pay off bonds financing The Green@TechWorks. $3M will go to the development of the Tech1 building, with $1M boosting a proposed marina development.
The projected economic impact of the District is significant. Up to 562 new permanent jobs will be created to accommodate the anticipated 275,000 annual visitors to the Campus. Visitors are expected to generate $2.9M in annual food, retail and other sales generated on Campus or in the vicinity.
Construction set to begin on The Green@TechWorks.
Interior pre-construction will begin in March with mobilization expected in mid-April. The target opening date for the project is May 2017. The Davenport office of contractor Ryan Companies US, Inc. has been named to complete the project. Ryan Companies’ Greg Lundgren, Midwest President is senior Project Executive Officer.
An estimated 130 people will be employed during the one year construction period. FDP is committed to use local trades and subcontractors to the greatest extent possible. Only when faced with a skill, schedule, or major price constraint outside trades would be sought, according to developer Blackwell.
Amenities for the business class traveler.
Business travelers to the Campus will enjoy the amenities of the 191-room Courtyard hotel, the newest Marriott property in the market. The hotel will be operated by Hospitality Specialists Inc. of Grand Rapids, Michigan. Hospitality Specialists Inc. has been operating hotels for over 30 years with properties in Illinois, Michigan, Wisconsin, Indiana, and Florida.
The John Deere Regional Training Center will be constructed on the 2nd floor to address a range of skills upgrades for John Deere employees across its operations.
Consolidated Restaurant Operations, Inc. (CRO) of Dallas will expand its footprint to Iowa for the first time with a property in the Tech 2 building. CRO operates more than 91 full-service and 24 franchise restaurants in 17 states and globally. CRO manages brands ranging from the traditional steak house to Tex-Mex. The Green’s restaurant will be a new concept for CRO, consistent with Campus clienteles’ requirements.
$74.1 million TechWorks Campus mixed-use development offers unique opportunities.
The TechWorks Campus site and buildings, donated by John Deere to TechWorks in 2006 is located at the gateway to Downtown Waterloo at Highway 218 and West Commercial Street. The 30 acre TechWorks Campus is currently home to University of Northern Iowa Metal Casting Additive Manufacturing Center and Design Lab, Hawkeye Community College Design Lab, the Iowa Advanced Manufacturing Network Hub, John Deere Tractor and Engine Museum, and Cedar Valley Makerspace. TechWorks Campus is just steps to the Cedar Valley Recreation Trails, entertainment & museum districts, and a variety of Riverloop District amenities.
Four sites are available on the campus for light industrial, research and development, and retail. 100,000 sf remains in the six-floor Tech 1 building for build-to-suit space ideal for light manufacturing and R&D tenants. Six laboratories are also available. Plans for a marina and a riverfront restaurant along the Cedar River are part of the overall $74.1 million Campus development plan.
“Identifying and attracting the right tenant and development is the next priority for TechWorks,” says Cary Darrah, Vice President and General Manager of TechWorks Campus. “My job now is to work with the Greater Cedar Valley Alliance & Chamber development team to help companies understand the tremendous value of locating on the TechWorks Campus. With access to University research and training, a wealth of resources, opportunities to make the right connections and create synergies, the amenities of The Green right outside their door, the Campus location shouldn’t be hard to sell.”
TechWorks Campus is a private non-profit corporation and subsidiary of the Greater Cedar Valley Alliance & Chamber. More information can be found at www.techworkscampus.com or by contacting Steve Dust, President of TechWorks Campus by email sdust@cedarvalleyalliance.com, Cary Darrah, Vice President and General Manager at cdarrah@cedarvalleyalliance.com, or Wes James Facilities Manager at wjames@cedarvalleyalliance.com, or by calling (319)232-1156.
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Emily Schettler, Communications Coordinator, Iowa Association of Business and Industry
Business and education leaders from around the state will gather at Wartburg College on December 10th, to discuss the importance and value of partnerships between Iowa’s business community and educational institutions.
The forum is part of the Iowa Association of Business and Industry’s (ABI) Connecting Statewide Leaders discussion, which brings together experts from across Iowa to discuss important issues and present ideas.
Learn about two existing business education partnerships, Elevate Advanced Manufacturing and Leader Valley, as well as STEM initiatives taking place around the state.
Elevate Advanced Manufacturing is an ABI initiative focused on teaching students, parents and educators about the valuable career opportunities available in advanced manufacturing in Iowa. Leader Valley, a program of the Greater Cedar Valley Alliance and Chamber, prepares students for life by providing them important life skills.
Panelists for Thursday’s forum include Michele Farrell, Elevate Iowa program manager; Teri Trask, Orange Elementary Principal and a member Leader Valley’s Leader in Me task force; Tom Penaluna of CBE Companies and Leader Valley; and Adriana Johnson, who works on STEM initiatives for Rockwell Collins. Steve Dust, president and CEO of the Greater Cedar Valley Alliance & Chamber will moderate the event.
The forum will take place at 11 a.m. in the McCaskey Lyceum at the Saemann Student Center on Wartburg’s campus. It will be followed by a networking lunch in the Hagemann Castle Room at the Saemann Student Center. Both events are open to the public. Those who are interested in attending can register here.
Mark your calendar for our upcoming Connecting Statewide Leaders forums:
March 3: Discussion on business and industry in Dubuque
April 7: Discussion on public safety in Council Bluffs
Alliance & Chamber Host Asia Export Experts
The Greater Cedar Valley Alliance & Chamber will host members of the Iowa Economic Development Authority International Trade Offices (IEDA) for a familiarization tour on December 8, 2015.
The purpose of the IEDA Foreign Trade Team tour is to become acquainted with actively exporting manufacturers in the Cedar Valley Region. IEDA International Foreign Offices including China, Japan, Germany, Mexico, and Taiwan, assist Iowa companies with global market research, trade missions and trade shows. The tours of the Cedar Valley will focus on IEDA’s efforts to enhance export competitiveness in the Asia-Pacific markets, and to create more jobs in Iowa.
“More than 95 percent of the world’s consumers live outside of the U.S., accounting for 70 percent of the world’s purchasing power,” said Debi Durham, director of the IEDA. “Exporting is important to Iowa’s economy because it results in new jobs right here in our state.”
The day will include a tour of the TechWorks Campus with a demonstration of the 3D sandcast printer located in University of Northern Iowa Metal Casting Center Additive Manufacturing Lab, and tours of United Equipment Accessories and CPM Roskamp.
United Equipment Accessories, located in Waverly, custom engineers and designs slip rings, hydraulic swivels, cable reels and shift controls for electronics applications. CPM Roskamp, located in Waterloo, is a designer and manufacturer of pelleting and particle size reduction equipment and automation systems for the animal feed milling and oilseed processing, pet food, ethanol and super absorbent polymer industries. Both companies export products.
The Alliance & Chamber will host an Asia Executive Briefing & Market Overview at the Isle Casino Hotel Waterloo from 3:00 – 4:30 pm. Companies already exporting to Asia are encouraged to attend for the latest market briefing. “IEDA’s international experts will provide the latest information on growing market opportunities in China, Japan and Taiwan,” said Steve Dust, CEO of the Alliance & Chamber. “Companies interested in export opportunities to Asia markets are welcome to attend to learn about current market conditions and establish network relationships with IEDA’s International Foreign Offices,” Dust added.
“Cedar Valley exports totaled $362 million in 2014 including machinery, processed foods, agriculture commodities, fabricated metal products and more with opportunity for growth,’’ explains Dust. “We provide these opportunities to educate and connect our businesses to international markets because exports are important to the growth and diversity of the Cedar Valley economy.”
The Alliance & Chamber will announce details of its second Global Familiarization Tour to China scheduled for October 2016.
Following the briefing, the Alliance & Chamber will hold its annual Legislative Reception & Networking event. The IEDA International Trade Office representatives and Cedar Valley Legislative Delegation will be present for casual meetings and conversation.
For more information about the IEDA International Trade Office familiarization tour of the Cedar Valley, contact Lisa Skubal, Vice President of Economic Development, Alliance & Chamber, lskubal@cedarvalleyalliance.com. Register for the Asia Executive Briefing & Market Overview through the Alliance & Chamber web-site’s event calendar at www.cedarvalleyalliance.com.
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