HomeMy WebLinkAbout[05] GSDC
EDA Agenda Item 5
MEETING DATE: February 20, 2018
AGENDA ITEM: Membership – Greater St. Cloud Development Corporation
SUBMITTED BY: EDA Director
BACKGROUND INFORMATION: The City has received an invoice to be an investor in the Greater
St. Cloud Development Corporation. The investor contribution for St. Joseph would be $ 5,000. The
City was an investor in 2017 and funds have been budgeted.
BUDGET/FISCAL IMPACT: $ 5,000
ATTACHMENTS: Request for EDA Action
Investment Request
Organization & Investors Overview
Invoice – Greater St. Cloud
REQUESTED BOARD ACTION: Provide direction
2018 Public Partner Investment Contribution Request
City of St. Joseph: $ 5,000
On behalf of the Greater St. Cloud Development Corporation, we respectfully request the City of St.
Joseph’s favorable consideration of continued financial investment and active engagement in the GSDC in
the advancement of economic development on behalf of the greater St. Cloud region. We offer the
following highlights of the financial investment request for 2018.
MISSION: We lead economic development for the benefit of the Greater St. Cloud community. GSDC is
working in collaboration with, and support of, the broader “Community Priorities” for the region.
GOALS: GSDC has four (4) mutually-reinforcing strategic objectives – engage leaders, grow business,
expand talent and support community. To that end, GSDC has established six (6) service corps directed to
undertake the following initiatives: 1 – Transportation Corps (facilitate efforts & advocate for expansion of
a comprehensive regional transportation infrastructure including highway, rail, air, bus & trail amenities in
the region), 2 – Talent Corps (attract, develop, retain & expand the talent pool which includes hosting a
web based talent portal - GreaterStCloudJobSpot.com), 3 – Well-Being Corps (identify & promote best
practice corporate wellness programs, 4 – Downtown Corps (contribute to the planning for and vibrancy
of Downtown St. Cloud), 5 – Innovation Corps (support new technologies, products, markets &
companies), and 6 – Business Corps (enable business retention, expansion and attraction across the
region).
FINANCIAL INVESTMENT REQUEST:The attached exhibit depicts a population based investment
guideline that forms the basis for the investment level being requested of our public partners. As such,
we respectfully request favorable consideration for continuation of a corporate investment level of
$5,000 for 2018. This translates to .33% of our total estimated Income of $1.52 million for 2017. In total,
79% of GSDC’s revenue source comes from private investor contributions, 12% from grants and 9% from
public investor contributions.
A population base of approximately 650,000 benefit from the initiatives of the GSDC. We are also on track
for completing 75 business retention and expansion visits in 2017. Further, we provided 30 business
attraction proposal responses in 2016. And, 2017 has responses to 11 business attraction opportunities
underway. Our pipeline of potential expansion and attraction projects over the next 24 months totals 75,
with six being potential expansion projects specific to the City of St. Joseph.
Attached please find the 2016 GSDC Annual Report (2011 – 2016 edition) which offers a more
comprehensive overview of initiatives and accomplishments of the organization during its first six (6)
years of existence.
NOTEWORTHY CALL OUTS:
Net Job Growth in City of St. Joseph 2011 – 2016: 276 (private sector). Total employment
increased 16.01% compared to the State average of 8.09% (QCEW, MN DEED)
Wage Growth in City of St. Joseph 2011 – 2016: 14.42% increase in average weekly wages
compared to the State average of 13.48% (QCEW, MN DEED)
GSDC Hosts CEO Roundtable with MN DEED Commissioner – In November 2016, GSDC gathered
15 area CEO’s to meet with Shawntera Hardy, MN DEED Commissioner and Kevin McKinnon, MN
DEED Deputy Commissioner. See the attached event brochure and also page 9 of the attached
annual report for a more complete summary. The event included a tour of the area narrated by
our investor member city economic development professionals. Because St. Joseph had
suspended participation as a GSDC investor in 2016, this was unfortunately a missed opportunity
for St. Joseph.
Airport Optimization Study Funding – GSDC successfully led efforts to secure $250,000 of State
funding to complete a comprehensive, market based study that results in the development of a
solid business case and strategy for achieving greater optimization of the STC Airport.
Talent work – Multiple strategies and efforts have been deployed to further our region’s talent
attraction, retention and development needs. Talent Corps leadership has transitioned to Jeff
Gau/Marco, Chair.
o GNP networking event was hosted for 30+ displaced executives resulting in multiple hires
amongst GSDC investor companies
o Veterans Employment Connection Group through collaborative effort
o 8 events to assist immigrant job seekers hosted through collaborative efforts
o Talent Summit attended by +500 and 4 Career & Coffee events hosted by GSDC
Business Development Assistance – Mike Markman/US Bank is now co-chair with Dave
Gruenes/Stearns Electric of the Business Corps. We welcome the addition of Larry Hosch, former
small business owner, legislator and St. Joseph Mayor, as Business Development Director.
SelectUSA Summit – GSDC participated for the third year as a member of the MN Trade Offices
th
team attending the 4annual foreign direct investment summit resulting in 6 attraction leads
that we continue to pursue.
Affordable Engagement in Workplace Well-Being Initiative – The City of St. Joseph has not yet
seized its opportunity to engage in and utilized the tools of this initiative. This initiative is fueled
extensively through a $525,000 grant from CentraCare Foundation. Membership in WELCOA
($400 per person value) and comprehensive well-being assessments for employees are available
for $10 per person.
Broadened Reach of Influence – GSDC President serves as Vice Chair of the Metropolitan Airports
Commission and a Vice Chair of the MN Medical Manufacturing Partnership.
Marketing the Region – GSDC attracted and facilitated earned media coverage for the region via
Business In Focus (twice, +363,000 distribution), Mpls/St. Paul Business Journal (twice, and Site
Selection magazine (+45,000 distribution). GSDC also invests annually in MN North magazine
(DEED’s marketing publication) with a prominent, front cover gatefold ad.
Partner Advisory Council (PAC) – GSDC hosted 4 meetings of the PAC providing resource access
to labor analytics tools, GSDC initiative updates, DEED program resource updates, and East
African business and labor development initiatives.
LOOKING AHEAD:
Regional Marketing Initiative – In mid-October, GreaterStCloud.com will come online serving as a
new, electronic gateway to the greater St. Cloud region. It will promote the region’s primary
assets and provide a single point of contact for access to its resources and information and will
include a retooled regional talent portal, JobSpot. An aggressive social media marketing campaign
will be undertaken both with the introduction of the portal and ongoing promotion. GSDC
investor cities, which includes St. Joseph, and counties will be featured in the portal with active
links to their respective websites and business development resources.
Airport Optimization – GSDC maintains its commitment to continue to lead efforts that engage
the 3 counties, City of St. Cloud and business community in developing a market based plan to
grow air service and optimize use by and benefit to the entire region at STC.
New Business Development Strategic Plan – Completion of a new strategic plan to guide the
rd
work of the GSDC’s Business Corps has been completed and was presented at the August 3
Board of Advisors meeting. Development of implementation strategies is now underway through
the work of the Business Corps led by Mike Markman/US Bank and Dave Gruenes/Stearns Electric.
Talent Pipeline Recruitment – A skilled worker pipeline focus has been launched with Mike
Gohman/W Gohman Construction leading the construction trades career field efforts and Bonnie
Supan/Brenny Transportation leading the truck driving career field efforts.
GSDC Strategic Plan Refresh – GSDC Board of Directors has initiated a strategic plan refresh that
will be undertaken over the course of the next 12-18 months and will include regular updates to
and engagement by GSDC investor businesses and organizations.
GSDC 2017 and PRELIMINARY 2018 BUDGET HIGHLIGHTS:
2017 Budget: 2018 Preliminary Budget:
Revenue Revenue
Corporate Investor Income $ 875,700 Corporate Investor Income $ 919,485
Grant Income $ 182,500 Grant Income $ 212,100
Sponsorship Income $ 225,600 Sponsorship Income $ 274,680
Project Initiative Income $ 81,500 Project Initiative Income $ 27,300
Other Income $ 17,699 Other Income $ 18,584
Fee For Service Revenue $ 136,750 Fee For Service Revenue $ 143,588
Total $1,519,749 Total $1,595,737
Expenses by Strategic Initiative Expenses by Strategic Initiative
Business Development & Business Development &
General Operations $ 748,694 General Operations $ 814,086
Air & Transportation $ 72,952 Air & Transportation $ 79,070
Talent $ 220,571 Talent $ 239,844
Downtown $ 81,771 Downtown $ 88,953
Innovation $ 83,812 Innovation $ 91,095
Well-Being $ 307,070 Well-Being $ 334,232
Total $1,514,870 Total $1,647,280
Net Revenue-Expenses $ 4,879 Net Revenue-Expenses $ (51,543)
Projected 12-31-17 Cash $ 386,841 Projected 12-31-17 Cash $ 335,298
(unrestricted)
Exhibit
2014 -2018 GSDC Requested
Public Sector Partner Investment Thresholds
Counties:
Up to 100,000 population $ 10,000 (Benton & Sherburne)
100,001 plus $ 30,000 (Stearns)
Cities:
0 – 5,000 population $ 3,000 (Cold Spring, Becker)
5,001 – 10,000 $ 5,000 (St. Joseph)
10,001 – 15,000 $ 8,000 (Sauk Rapids)
15,001 – 25,000 $ 11,000 (Sartell)
25,001 – 35,000 $ 15,000
35,001 – 45,000 $ 25,000
45,001 – 60,000 $ 35,000
60,001 – 75,000 $ 50,000 (St. Cloud)
+ 75,000 $ 70,000
ACTUAL INVESTMENT AMOUNTS
2013 2014 2015 2016 2017
Benton County $ 8,000 $ 8,000$ 10,000 $10,000 $10,000
Sherburne County $ 7,500 $ 10,000 $ 10,000 $10,000 $10,000
Stearns County $20,000 $ 25,000 $ 30,000 $30,000 $30,000
Becker $ 3,000 $ 3,000 $ 3,000
Cold Spring $ 3,000 $ 3,000 $ 3,000
St. Joseph $ 5,000 $ 5,000 $ 5,000
Sauk Rapids $ 7,500 $ 8,000 $ 8,000 $ 8,000 $ 8,000
Sartell $ 8,000 $ 11,000 $ 11,000 $11,000 $11,000
St. Cloud $40,000 $ 38,661 $ 40,000 $40,000 $40,000
The Greater St. Cloud Development Corporation (GSDC) is the vehicle through which business executives,
healthcare and education leaders, civic and community leaders, local government leaders, partner organizations, and community
members come together in guiding efforts towards making the greater St. Cloud region one of the best places to live and work in
America.
A private effort for the public good. We are a private collaboration of more than 260 regional business executives
and community leaders within Benton, Sherburne and Stearns counties in Central Minnesota. The GSDC is leading a passionate,
community-wide commitment to harness the vast resources of our region and facilitate collaboration among and between them.
Our efforts to improve the business climate and economic base of the region are 100 percent self-funded through investor fees,
grants and donations and all actions are self-governed by our investors, boards and various committees.
We are in the business of growing business. The charge of the GSDC is to spearhead the economic development
efforts of the greater St. Cloud region by identifying and unifying opportunities to engage community leaders, foster business
growth, expand and nurture the area's talent base and support the communities that make up the greater St. Cloud region.
Our Mission: We lead economic development for the benefit of the Greater St. Cloud community.
Our Vision: Greater St. Cloud is a growing and vibrant community where talented people choose to live, work and engage.
Our Values:
Leadership. We inspire trust.Diversity. We benefit from differences.Collaboration. We engage partners.
Integrity. We do what we say. Accountability. We create results.
2018 Board of Directors:
Bob White*, Microbiologics/Director
Joan Schatz, Park Industries/COO Paul Pfeiffer, ATS/CFO
Brian Myres*, Myres Consulting/CEO Tom Rickers, Bremer Bank/President John Torgerson, Bernick’s/COO
Rick Bauerly*, Granite Equity Partners/Partner Brad Goskowicz, Microbiologics/CEO Heather Pieper-Olson, CSB/Assoc. VP
Greg Klugherz*, CentraCare Health/CFO Ken Holmen, CentraCare Health/CEO Craig Broman, St. Cloud Hospital/President
Jeff Gau*, Marco/CEO Ashish Vaidya, SCSU/ Interim President
Mike Markman*, US Bank/VP Matt Varilek, Initiative Foundation/President *denotes Governance Committee member
Mary Hinton*, CSB/President Michael Hemesath, SJU/President
Ron Brandenburg*, Quinlivan Hughes/Attorney Lori Kloos, SCTCC/Interim President
2013-2018 Strategic Initiatives:
1.Business Development: Enable business retention, expansion and attraction across the region.
2.Transportation: Facilitate efforts & advocate for expansion of a comprehensive regional transportation
infrastructure system including road & bridge, rail, air, bus and trail.
3.Talent: Attract, develop, retain and expand the talent pool; grow the development and utilization of the
regional talent portal: www.GreaterStCloudJobSpot.com.
4.Workplace Well-Being: Identify and promote best practice corporate wellness programs and the
development of a wellbeing assessment & benchmarking tool.
5.Downtown Revitalization: Contribute to the planning for and vibrancy of Downtown St. Cloud.
6.Innovation: Support new technologies, products, markets and companies.
For more information about our strategic initiatives or becoming an investor, contact Patti Gartland, President (320-252-5228; 320-
260-2442, pgartland@greaterstcloud.com).
2018 GSDC Corporate Investors: Bold denotes founding investor
$100,000 or more:
CentraCare Health
$70,000 or more:
Anderson Trucking Service Coborn’s
$40,000 or more:
Morgan Family Foundation City of St. Cloud
$25,000 or more:
Microbiologics Stearns County
$15,000 or more:
Bernick’s
Coldspring Initiative Foundation Xcel Energy
Bremer Bank DeZurik Stearns Electric Association
Capital One Granite Equity Partners U.S. Bank
CliftonLarsonAllen Great River Energy Wells Fargo
$7,500 or more:
American Heritage Bank Falcon National Bank Netgain St. Cloud Opportunities
Alltran GATR Volvo Pan-O-Gold Baking Company St. Cloud Refrigeration
BankVista Geo-Comm Park Industries St. Cloud State University
Benton County GNP Company Preferred Credit St. Cloud Tech & Comm College
BerganKDV Gray Plant Mooty Quinlivan & Hughes, PA St. Cloud Times
Boser Construction Grede, LLC Rasmussen College Stinson, Leonard, Street LLP
Brenny Transportation INH Companies Rice Building Systems Strack Companies
C&L Distributing Kensington Bank Rinke Noonan Sysco Foodservice
Central McGowen Knife River Saint John’s University Tri-County Abstract & Title Guar.
Central MN Community Found. Marco Schlenner Wenner & Co. Viking Coke
Central MN Credit Union Mathew Hall Lumber Sentry Bank W. Gohman Construction
City of Sartell McGough Construction Sherburne County Winkelman Building
City of Sauk Rapids Merrill Corporation Spee-Dee Delivery Wolters Kluwer Financial Serv.
College of Saint Benedict Miller Auto Center St. Cloud Area Assoc. of Realtors Woodcraft Industries
DCI Minnwest Bank St. Cloud Industrial Products WSB Engineering
$5,000 or more:
American Door Works / DAYTA Marketing Mahowald Insurance Agency Sunset Manufacturing
MidCentral Door Co. Ferche Companies Minnesota Bus. Fin. Corp. University of MN
Central MN Builders Association Filsan Consultant Nova Flex LED, Inc. Warnert Commercial
City of Becker Geringhoff (effective 2018) Rejuv Medical
City of Cold Spring Granite Logistics/Trinity Logistics Third Street Brew House
City of St. Joseph Great River Federal Credit Union TransUnion (formerly eBureau)
Annual investment classification reflects most current year or the average of cumulative investments over the period of years of engagement with GSDC.
GSDC Advocate Investors: Annual contributions of $500 to $4,999 to GSDC
$2,500 - $4,999:
Marty & Asha Moran
$1,000 - $2,499:
Automotive Parts Headquarters East Central Energy D.J. Bitzan Jewelers Gearbox Functional Creative Granite City RE
Greenfield Communication K Johnson Construction Northland Capital Financial Palmer Printing Peters Body Shop
Rick & Helga Bauerly Wilke Sanderson
$500 - $999:
Central MN Mental Health Ctr. College of St. Scholastica Executive Express Express Employment GREAT Theatre
Laraway Financial Metro Bus NetVPro Pro Staff REM Central Lakes
Resource Training Solutions Sandler Training St. Cloud Area Chamber St. Cloud Area Planning Org. United Way of Central MN
GSDC Strategic Initiative Contributors and Patrons through December 2017
Contributors and patrons of an individual GSDC strategic initiative(s) or in the creation of the GSDC: Air Service (A), Well-Being
(W), Talent (T), Innovation (I), Downtown (D)
Aeration Industries Int’l Distinctive Cabinet Design Medica St. Cloud HRA
Aerotek Doherty Staffing Mid Central Heating & Air St. Cloud Surgical Center
AIS Planning Eich Motor Midwest Machinery Company St. Cloud VA HCS
Alexandria Extrusion Electrical Builders, Inc. MN Dept of Health St. Cloud YMCA
All Flex Flexible Circuits Empowris MN High Tech Association St. Gabriel’s Hospital
Amcon Block Encore Capital Group Minnesota School of Business Sartell St. Stephen Schools
American Heart Association Finken Companies Lee and Vicki Morgan Sauk Rapids Rice Schools
American Mfg Company Flatirons Capital Management Myres Consulting Schaefer Ventilation
Anna Maries Alliance Franklin Outdoor Nahan Printing Schuler Shoes
Apollo Insurance Freightliner of St. Cloud NativeX Sears
Anderson Center GEOTEK Netgain Servicemaster
Atlantic Credit & Finance Gilleland Chevrolet/Cadillac New Flyer Sisters of Order of St. Benedict
Atomic Learning Global Edge Northern States Supply Spartan Staffing
Bachman Jewelers Good Sheperd Community Nystrom & Associates Speed Stop Gas & Goods
Bliss Direct Media Graniteman Events Overcomers International Starrett Tru-Stone Technologies
Blue Cross Blue Shield HatlingFlint Phyxius, Inc. Stearns Benton Employment
Boy Scouts of America Ctrl MN Health Partners Prairie River Home Care, Inc. Stearns Financial Services
Bursch Travel Holland & Frank Preferred One StratX IT Solutions
Buttweiler Environmental Inc. Hughes Mathews Greer Profile by Sanford Stride Academy
C4 Welding Ickler Company Prudential Advisors Talon Innovations
Catholic Charities Ind. Com. Bankers of Am. (ICBA) PouchTec Torborg Builders
Central MN Foot & Ankle Insight Eye Care RBC Wealth Management True Friends
Central MN Mental Health Ctr J & J Holmes Reach Up Inc. Twin City Die Castings Company
Central MN Vegan Association Jennie-O Renewable Carbon Management Vector Windows
Cetera (formerly Primevest) Kain & Scott, PA RIE Coatings Vela Strategies
Clark King’s Express Rite Soft Vital WorkLife
Clean Cut Lawn & Landscaping Al & Yvonne Kremers Royal Tire WACOSA
Clear Path, LLC Lamar Russell Eyecare & Associates Watkins Aircraft Support Prod.
CM SHRM Legends at Heritage Place Sand Companies Robert & Penny White
Columbia Gear Leighton Broadcasting St. Cloud Area CVB Westaff
Country Financial Liberty-Miller Architects St. Cloud Area Schools Wiman Corporation
Creative Memories Manpower St. Cloud Conflict Resolution Xerox Business Services
CyberSource Masterson Staffing Solutions St. Cloud Downtown Council
Page 3 of 3
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DEVELOPMEN�' CORPORATION Date Invoice#
St.Cloud,MN 56301
501 W.St.Germain Street 1/1/2018 3669
Bill To
City of St.Joseph
Judy Weyrens
Administrator
75 Callaway St D
St.Joseph MN 56374
Due Date
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Description Price Each Amount
Annual Corporate Investment 5,000.00 5,000.00
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DEC 0 � 2017
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Total Due $s,000.00
Please remit to: Greater St. Cloud Development Corp.
501 W St. Germain St. Suite 100
St. Cloud, MN 56301