CRMEA Report June/July 2018

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NEW MEMBERS CRS Small Business Services 2609 Iris Ave. NW, Cedar Rapids, IA Muscular Dystrophy Association 3925 Fountains Blvd. Ste. 100, Cedar Rapids, IA | www.mda.org Pilot Flying J 5508 Lonas Drive, Knoxville, TN | https://pilotflyingj.com Vast 9362 Deer Valley Dr. NE, Cedar Rapids, IA | www.vastiowa.com Coming up in 2018: The Y. For a Better Us. 150 years of improving lives in the Cedar Rapids community. BECOME A MEMBER TODAY! June 8th-10th - Camp Wapsie Alumni Reunion June 9th - Camp Wapsie Centennial Celebration August 25th - “Cranking for 150 More” Y Bike Ride August 27th - Golf Classic Fundraiser November 3rd - YMCA 150th and Camp Wapsie 100th Anniversary Celebration Gala Receive access to all five locations in the area plus any YMCA in the country, a large variety of free fitness classes daily, discounts on programs, financial assistance, free child watch and much more! YMCA of the Cedar Rapids Metropolitan Area | www.crmetroymca.org 6 JUNE/JULY 2018
THE SIGNIFICANCE OF EA BUSINESS RETENTION AND EXPANSION BUSINESS RETENTION & EXPANSION It has been a little over a year since the Cedar Rapids Metro Economic Alliance and Iowa City Area Development Group (ICAD) dually announced Jennifer Daly as President & CEO of ICR IOWA, a joint venture between the two organizations. Since that time, Daly has been responsible for leading regional efforts in workforce development and business recruitment. While business attraction efforts are now regionally focused, the Economic Alliance has continued with a renewed focus specifically on retention and expansion of existing businesses. Recently announced, former Cedar Rapids Mayor Ron Corbett is beginning his strategic role focused on regional economic growth. In the role of Business Retention & Expansion Strategist, Corbett is responsible for relationships with major businesses in the Cedar Rapids metro area, particularly those with future job growth and company expansion plans. Duties of the role include working in cooperation with business leaders, developers, commercial Realtors, city/county/state/federal agencies and utilities to make sure businesses that want to grow here succeed in doing so. The significance of business expansion projects is larger than many may realize. Between January and April 2018, the Economic Alliance announced three successful existing business expansion projects. Typically with those announcements, it is communicated when construction is expected, how many jobs are being added and the project’s capital investment. But there is a wider ripple effect the project has on the community. The three successful business expansion projects announced as of April 2018 total around $27M in capital investment. Of the 89 jobs created for the projects, further economic growth is spurred through additional jobs created in the community, sales output and compensation. With that ripple effect, 89 jobs created from the expansion projects actually total 160 jobs, over $50M in annual total sales/output, over $13M in annual total compensation, for an annual total economic impact of $64,231,739. ECONOMIC ALLIANCE REPORT 7
Page 1 and 2: THE SIGNIFICANCE OF BUSINESS RETENT
Page 3 and 4: 25 YEARS OF DEVELOPMENT IN 5 YEARS:
Page 5: ovement Grants BRING FACELIFTS TO C
Page 9 and 10: San Francisco, CA Santa Clara, CA D
Page 11 and 12: ROOTING YOUNG PROFESSIONALS IN OUR
Page 13 and 14: PRIORITIES FROM LEGISLATIVE SESSION
Page 15 and 16: CEDAR MEMORIAL: DRIVING INDUSTRY IN

CRMEA Report June/July 2018

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