GrimesJohnston Development Forum

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GrimesJohnston Development Forum

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Title: GrimesJohnston Development Forum

1
Grimes/JohnstonDevelopment Forum

March 29, 2006

2
the greater des moines partnership
3
Our Mission The Greater Des Moines
Partnership is the economic and community
development organization serving Greater Des
Moines. Its mission is to maximize local
resources to address opportunities for economic
and community growth. Greater Des Moines
will reach its full potential only through a
united economic development effort, with one
voice, one mission, one focus.
4
Greater Des Moines Partnership 2006 Work Plan

Regional unity
Workforce attraction and development
Inclusion/Diversity competency
Building upon the power of our organizational
identity

5
Who We Are --Choose Des Moines Communities

The economic development "arm" of the Greater Des
Moines Partnership.
Public/private partnership supported by private
investors and local governments.
Represent a three-county region.

6
What We Do --Choose Des Moines Communities

Research
Marketing and recruitment of new businesses
Expansion and retention of local businesses
Workforce attraction

7
Research

Primary site and building inventory
Databases of corporate site selectors, local
employers with non-Iowa headquarters and targeted
industries
Regional Research Center
2006 Distribution study by Iowa State University

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Research Des Moines vs. LA

Cost of doing business 92.7 vs. 130.0
Unit labor 98.6 122.2
State/local tax 99.1 98.6
Energy 72.9 200.8
Office rent 78.2 101.8
(Economy.com)
Office rental asking rate (Grubb Ellis
Research)
Class A 17.46 30.24
Class B 14.72 24.00
(per square ft. on an annual, full service
gross basis)

12
Research Iowa vs. California

Retail price for electricity
(average retail price, bundled and unbundled,
cents per kilowatthour)
Commercial 6.24 12.19
Industrial 4.16 9.85
(U.S. Energy Information Administration, US
Department of Energy)
Workers comp costs (manufacturing average per
100 payroll)
2.95 10.55
(Actuarial Technical Solutions, Inc.)

13
Research Des Moines vs. LA

Local salary variance index 95.0 125.0
(Robert Half for IT, accounting and
administrative positions)
Cost of living index 93.1 157.4
(The Council for Community and Economic
Research)
Monthly apartment rent 610 1,571
(The Council for Community and Economic
Research)
Singe-family home price 140,800 446,400
(National Association of Realtors)

14
Research Iowa vs. California

Public high school graduation rate
Second highest 85.0 67
(Manhattan Institute for Policy Research)
SAT score (The College Board)
Verbal 596 504
Math 608 522
ACT score (ACT, Inc.) 22 21.6

15
Research Iowa vs. California

Quality of life ranking 2 30
(National Policy Research Council)
Most livable state ranking 3 34 (Morgan Quinto
Press)

16
Business Recruitment

Conduct national and international recruitment
trips (industry targets, site selection
consultants and corporate headquarters)
Marketing campaign to promote regions business
advantages (new campaign begins in 2006)
Develop business accelerator program

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National Recognition

ABC World News Tonight Feb. 2005
St. Louis Post-Dispatch - In Des Moines we say
Youre Hired! 5/05
Sunday World Herald Des Moines Arts Festival
6/05
Associated Press Some Americans Trading in
Cities for Towns
(Included New York Metro, Boston Globe, Seattle
Post Intelligencer, Forbes.com, Newsday, LA
Times, Washington Post) 9/05
The New York Times - World Food Festival, - 9/05
The New York Times - 36 Hours-Des Moines,
10/05
USA Today, Evacuees finding jobs away from
Katrina Territory, 10/05

19
National Recognition

Expansion Management - 50 hottest cities 1/05
Chamber Executive - Telling the Chamber Story
6/05
Midwest Real Estate News - Turning the Lights
Back On 6/05
Associated Press - Iowa Companies Pledge jobs
for Hurricane Refugees (picked up by Waterloo
Cedar Falls Courier , Sioux City Journal) 9/05
Business Facilities - Transforming Iowas
Economy, 10/05
Midwest Real Estate News - People on the Move
11/05

20
Existing Businesses

Identify expansion or retention opportunities
Assist companies to expand or retain presence
locally by working with local governments
Coordinate visits with our community development
partners

21
Existing Businesses

Focus on
Insurance and financial services
Life sciences
Advanced manufacturing
Information technology solutions

22
Workforce Attraction

Market Greater Des Moines to people around the
world
Change Your View campaign in 2000
Raised awareness of Greater Des Moines to
business leaders and jobseekers across the
country
New campaign this year

23
Workforce Attraction