Notes

Outline

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Lafayette Urban Enterprise Association A Decade of Development

What is an enterprise zone? The Lafayette Urban Enterprise Zone is a specific geographic area designated by the the state of Indiana for community and economic revitalization

LUEA Board of Directors and Staff Community Development Corporation Not-for-profit 501 c 3 12 member board as defined by state statute Management team Dennis Carson, Executive Director Christan Henderson, Project Development Director Student Interns Private consultants Other organizations

What are the benefits? Benefits for business, investors and residents. These are: Inventory Tax Exemption Gross Income Tax Exemption Employment Credits Employee Wage Deduction Loan Interest Credits Investment Credits

How do businesses, residents, investors and the community benefit? Businesses through reinvestment of tax savings Residents through tax savings and increased job opportunities The zone community through reinvestment by the Lafayette UEA

Lafayette Urban Enterprise Zone Designated in 1993 1.15 sq. miles/736 acres 4,005 population 4,500 employed in zone 3.8% unemployment 26.9% resident households in poverty Mix of: industrial 20% commercial 23% residential 28% open space 29%

Lafayette Zone Today 2.44 Sq. miles/1,562 acres 6,608 population 5,650 employed in the zone 6.1% unemployment 27.2% resident households in poverty Mix of: industrial 20% commercial 25% residential 25% open space 30%

Boundary Extension One 1994 Kirby Risk and Johnson Precision Machines Expansion of two companies with over $2 million of new investment in plant and equipment 13 acres or .0203 sq. miles added to the zone Over 100 job opportunities

Boundary Extension Two 1995 Oscar Winski Co., Inc. $1.25 Million expansion 15 new jobs 15 acres or .0234 sq. miles added to the zone

Boundary Extension Three 1999 Siemens, Market Square, Hanna Neighborhood, Upper Main Street, Irvin’s Concrete Products Inclusion of additional neighborhood and commercial areas in need to revitalization Inclusion of blighted and abandoned areas in need to redevelopment Expansion and retention of area businesses More than 200 jobs retained More than $11 million in new plant and equipment invested. 798 acres or 1.25 sq. miles

Boundary Extension Proposed 2003 Wabash Center, Commercial / Industrial space (Lincoln Neighborhood), Best Distributing, Buetler Meat Processing and Indiana Steel Fabricating Co. Service partners and employment opportunities

Boundary Extension Proposed 2003 16 acres or .0250 sq. miles Total: 1,578 acres or 2.47 sq. miles Nearly 50 job opportunities Poverty rate: 27.2% (unchanged) Population: 6,608 (unchanged) A more cohesive balanced enterprise zone

Our Charge By State Statute: 1. Increase Capital Investment 2. Create and Retain Jobs 3. Increase Employment Opportunities for Enterprise Zone Residents

Capital Reinvestment

Create and Retain Jobs More than 2,000 jobs reported each year by participating zone businesses 1,400 new jobs created by participating new businesses 178 filled by zone residents Source: EZB-R registrations

Increasing Employment Opportunities for Zone Residents Zone Bounty Program: 13 new businesses, more than 71 jobs Machine Tool Training Program: 39 participants, 17 zone residents. Seven placed in zone businesses, ten zone residents placed in area businesses and three zone residents placed in zone businesses Downtown Child Care Center: 12 new jobs, child care for 23 children of zone employees’, two Ivy Tech students’ children, 25 children  of zone resident families, and six zone residents’ children working for zone businesses (first year of operation) Sky Alland marketing: A $30,000 training grant resulting in more than 75 zone residents hired in a two year period Siemens Corporation: Zone inclusion retained 220 job opportunities Investment Cost Credits: AO Quality Stamping - 15 new jobs Huth Thompson - 70 jobs retained Holiday Inn Select Center City - 65 new jobs and a first source agreement Small Business Training: Entrepreneurship Academy training has assisted 17 zone businesses and residents Healthcare Skills Alliance: targeting incumbent healthcare workers Workplace Literacy Pilot Program: This will be directed at zone businesses to upgrade workers’ skills FSSA Pilot program: Will target zone resident TANF recipients

Our Mission A decade of development Since 1993, the mission of the Lafayette Urban Enterprise Association is to enhance, revitalize, and encourage the businesses and neighborhoods of the enterprise zone through partnerships, incentives, and cooperation.

Residents working one-on-one Kim Branson purchased her first home ever in 2000 after participating in LUEA’s Individual Development Account program, in partnership with Lafayette Neighborhood Housing Services Inc. “Buying this house is like living in the country in a big city,” she says of her spacious yard and flower gardens.

Neighborhoods neighbor by neighbor, block by block LUEA has made such an impact on my home, my family and my neighborhood,” says Pat Wilkerson, homeowner, co-chair of the Historic Jefferson Neighborhood Association, Leadership Lafayette graduate and winner of the 2001 Harold Fannon Award for Leadership.

Business helping businesses thrive Karyl Traeger operates The Green Door, a Main Street retail shop launched in 1998 and today known for its fine gifts, antiques and interior décor items. “I want people to come in and sit down so I can get to know them,” she says. “I’m always glad for that.”

Culture Enriching lives and  community vitality While national acts often come to the stage of the Long Center for the Performing Arts, local youth, too, such as these gymnasts from Dance Moves and Gymnastics, showcase their talents here. LUEA supported the Long Center’s recent renovation with a $75,000 contribution; the theatre’s mezzanine was named for LUEA in thanks for the gift.

Recreation “River of Dreams”

Development Adding to Downtown’s Progress “All of the opportunities came together at the right time,” Gregg Murphy, co-owner of the $15.8 million Holiday Inn Select-City Centre says of the decision to build the eight-story, 142-room hotel in downtown Lafayette that opens in late 2002. Those opportunities included investment cost credits facilitated by LUEA and assistance recruiting and training the hotel’s 65 employees.

Development Adding to Downtown’s Progress Opened in 1998, LUEA stepped in to help raise more than $83,000 with the help of Neighborhood Assistance Tax credits from the Indiana Department of Commerce for furnishings. We also helped land a $50,000 grant for pre-opening training and staffing. “Without LUEA’s dollars, we couldn’t have done it,” says Marilyn Redmon, director Tippecanoe County Child Care.

Development Adding to Downtown’s Progress “Downtown is where the heartbeat of Lafayette pounds hard,” Gerard Benner of Huth Thompson LLP says of his firm’s desire to operate downtown. “LUEA was instrumental in providing the credibility and support so our firm could establish roots downtown,” Benner says.

Strategic Positioning Brownfield and property redevelopment Commercial real estate development Community Development Action Grant Partner organization

Strategic Work Plan 2003 - 2007 Our Partners Neighborhoods Enterprise Zone Residents Business Government Institutions Civic and Social Organizations

Strategic Work Plan 2003 - 2007 Focus Area A:  Increase in Capital Investment Focus Area B: Creation and Retention of Jobs Focus Area C:  Employment Opportunities for Zone Residents

Strategic Work Plan

Strategic Work Plan

Strategic Work Plan

Strategic Work Plan

Strategic Work Plan

Strategic Work Plan

Strategic Work Plan Vision Focus Area A:  Increase in Capital Investment Five-Year Outcome: By the end of 2007, the Enterprise Zone will be characterized by effective and more mature public and private partnerships working together to create stronger markets for capital investment. There will be more recreational opportunities, open space and parks that will be linked to a growing retail oriented downtown supported by stable neighborhoods with increasing owner occupancy. The historical integrity of the zone will be maintained and used as an asset to leverage the transition of underutilized real estate to commercial and residential development. This will be demonstrated by: Groundwork for an attractive, revitalized riverfront that includes recreational and commercial investments by both the private and public sectors An enhanced telecommunications infrastructure Increased owner occupancy New and remodeled housing Collaborative partnerships with GLCDC, private businesses, parks and recreation, and others New retail businesses, particularly in the downtown Streetscape planning and design Downtown marketing These activities increase the tax base, revitalize the zone and stabilize the market, but more importantly these capital investments retain and create jobs for the community and enterprise zone residents.

Strategic Work Plan Strategy Increase job growth through the attraction and expansion of businesses in the zone, specifically downtown.

Strategic Work Plan Goal 1 Attract, retain, and expand retail, commercial, and industrial businesses in the zone. Actions Support recruitment of small businesses and retailers. Support efforts for a Business Improvement District. Market the availability of tax incentives highlighting the enterprise zone.

Strategic Work Plan Goal 2 Provide financial and technical assistance for new and expanding businesses. Actions Market and provide technical assistance for zone incentives such as the Investment Cost Credit. Partner with the Small Business Development Center to provide technical support. Continue Microenterprise Revolving Loan Fund. Provide technical assistance to zone businesses to access programs to support and grow their business.

Strategic Work Plan Goal 3 Create job-training opportunities for zone businesses. Actions Partner with the Lafayette Adult Resource Academy and other training providers on Workplace Literacy and other job training programs. Provide support for employment training programs with Department of Workforce Development and others who provide similar services.

Strategic Work Plan Goal 4 Improve and enhance the design and incentive power of the enterprise zone program. Actions Work in partnership with the Association of Indiana Enterprise Zones to: Develop alternative incentives; Gain representation on local and state Workforce Investment Boards; Gain preference in state programs; and Gain inclusion in statewide marketing materials and events conducted by the IDOC for economic development.

Strategic Work Plan Vision Focus Area B: Creation and Retention of Jobs Five-Year Outcome By the end of 2007, in order to support job creation and retention, the Enterprise Zone will be a destination point for specialty retail, commercial offices (Lafayette’s office park), government, and a developing market for high-tech related industries. Increased business diversification will help to offset economic cycles. The heart of the Enterprise zone, Downtown Lafayette, will have the following image: A historic, quaint, and pedestrian-friendly Downtown that is vibrant, exciting, and thriving. As a cultural destination, Downtown will be characterized by a strong and growing economy with a physical presence that is aesthetically pleasing and family-friendly.

Strategic Work Plan Strategy Increase employment opportunities for Zone residents through better workforce development service delivery, attraction and expansion of business as well as property redevelopment.

Strategic Work Plan Goal 1 Create points of access for employment services. Actions Work with the Lafayette Adult Resource Academy to establish a WorkOne Express site in the Downtown. Continue partnerships with the Department of Workforce Development to bring workforce resources and training to zone residents. Work with Wabash Center to establish a WorkOne Express site in the north end of the zone.

Strategic Work Plan Goal 2 Create career advancement opportunities. Actions Continue partnerships with Department of Workforce Development to create skills alliance programs. Continue to work with Department of Workforce Development & Family Social Service Administration to develop programs for zone recipients of public assistance. Include zone resident placement services as part of business incentive packages. Continue Individual Development Account program with LNHS to encourage zone resident educational and vocational training.

Strategic Work Plan Vision Focus Area C:  Employment Opportunities for Zone Residents Five-Year Outcome By 2007, the Lafayette Zone will be marked by lower unemployment and upgraded skills for the under- employed. LUEA efforts to attract and expand business through brownfield and property redevelopment will yield greater diversity of employment opportunities to offset economic cycles. LUEA will have many partners, public and private including zone businesses that will support services and programs that will increase placement of zone residents within and outside of the zone.

Lafayette Urban Enterprise Association A Vision for the Future

Lafayette Urban Enterprise Zone and Association

Lafayette Urban Enterprise Zone and Association

Lafayette Urban Enterprise Zone and Association

What has the zone program meant for Lafayette - West Lafayette?