3. WHY SHOULD WE REVITALIZE DOWNTOWN?
A vibrant downtown boosts the economy
by:
Creating jobs
Incubating small businesses
Protecting property values
Increases the community’s options for goods
and services
A symbol of community pride and history
4. WHY IS DOWNTOWN IMPORTANT?
Downtown is often the largest employer in a
community.
Independent businesses keep profits in town.
Industries look at:
Current businesses
Quality of life
Viability
Appearance
5. WHY IS DOWNTOWN IMPORTANT?
Representation of tax base.
Shopping and service center (local).
Highlights history.
Represents investment (public and private).
Tourist attractions (unique).
Government center.
SENSE OF COMMUNITY AND PRIDE!
6. REVITALIZING DOWNTOWN BENEFITS
Local Residents/ Service Business
Consumers Owners
Property Owners Financial
Institutions
City Government
County
Retail Business Government
Owners
Utility Companies
7. SURVEY
Exhibits residential support of downtown
revitalization effort both philosophically and fiscally.
Excellent Good Fair Poor
Downtow 1.63% 16.39% 67.21% 14.75%
n
Condition
Yes No
Revitalizat 96.72% 3.28%
ion Need
Yes No
Acceptan 80.32% 19.68%
ce of a
minor tax
increase
to raise
funds?
8. PROPOSAL
I. Establish a Downtown Committee
II. Downtown Logo Design
III. Provide information for both visitors and possible
volunteers
(Website, Flyers, Brochures)
IV. Downtown Improvements and Public Infrastructures
i. Sidewalks and Roads
ii. Parking
iii. Attractions (Parks, Offices, Buildings)
iv. Replenish works of art (Fountain, Statues)
v. Lighting
vi. Utilities
9. PROPOSAL
V. Improve Character of Downtown
i. Historical sites and Heritage (State Theatre, Wigwam)
ii. Attractive Arts ( Paintings, Buildings Designs)
VI. Explore Partnerships and Sponsors
VII. Encourage Private Investors
i. New Businesses
ii. Funding (Enterprise, Grants, Partnerships)
VIII. Promote Downtown Events
11. CHARACTERISTICS OF A SUCCESSFUL
COMMUNITY
No Single organizational Model exists
Getting entire community interested in downtown effort
and involved in organizing into bodies based on
individual interests.
Necessary Services:
Business assistance
Retail promotion
Downtown advocacy
Local Amenities Support of big business
12. CHARACTERISTICS OF A SUCCESSFUL
DOWNTOWN
Use of local college facilities and their higher education programs
Combined with attraction/development of small businesses
Create and Install Positive Community Image
Civic leaders market the regional significance and historic values
downtown.
Gathering collective opinions
Ability to Overcome Challenges
Walkway Access for Pedestrians
Recognition/Formation of town square
Surrounding local amenities
13. CHARACTERISTICS OF A SUCCESSFUL
DOWNTOWN
Commitment to Mixed Use Development
Close range downtown facilities
Implicit understanding of development
Broad Public/Private Investment
Form partnerships with private stakeholders and access
more public funds
Prosperous Downtown Essence
14. CHARACTERISTICS OF SUCCESSFUL
DOWNTOWNS
Entertainment: A Driving Center
Extends downtown life (bringing more money in)
Helps other businesses by attracting people originally
brought by entertainment facilities
Ex.'s: historic theatres, performing arts centers, diverse
restaurant themes.
Strengthen Downtown Neighborhoods
More prominent, wealthy (middle class)
individuals/families supporting effort by using downtown
facilities and programs
Daily cash flow through expenditures made from those
residents who have money.
15. CHARACTERISTICS OF A SUCCESSFUL
DOWNTOWN
Generate Interest in Downtown Housing Market
Affordability is a concern for those trying to purchase
homes in these districts
8th Street Ex.
17. ANDERSON’S HISTORY
The Very Beginning
May21, 1827
Indiana General Assembly established a new town
was known as Anderson town
grew gradually
July 4, 1851
The Bellefontaine railroad was built through
Anderson, establishing connections with surrounding
areas, including Indy
Became populous enough to announce itself a city
18. ANDERSON’S HISTORY
1886
A Natural Gas Well discovery led to dramatic migration
to the city and swift business immigration (Gas Belt)
Ex.’s: American Steel and Wire, Pennsylvania Glass
Plate, Fowler Nut and Bolt Company
Transformed Anderson into an industrial based city!
(Boom Town)
19. ANDERSON’S HISTORY
1886 – early 1900’s
Emerging Downtown, increased construction of
retail.
Led to bustling main street resulting in
development of electric car system.
During early 1900s growth slowed …
20. ANDERSON’S HISTORY
Automotive years, 1910 – 1970s
Automotive experts moved in around 1910 creating
another city boom
Ex.’s: General Motors, Delco-Remy
Drawing away workers to a mass boom on the
southern side of the city
Jobs increased but plants coming into the town did
not
Brought forth ―dead downtown‖ as merchants found
fewer customers willing to invest in a congested city
21. ANDERSON’S HISTORY
Automobile industry went through depression
due to high gas prices
1970’s – Onward
Downtown conditions worsened due to increased area
development of malls and strip centers
Revitalization requires interest in many parts of
community
Necessary involvement of multiple stakeholders
Must build on and promote past character/history for an
economic success!
24. COST-THE BREAKDOWN (CONT.)
(Note: The following costs, along with labor
costs, are not included in the final estimated
cost.)
Bike Lanes…………………………..$5000-
$50,000
Demolition……………………….$10,000-
$500,000
25. COST-FINAL
And the grand total is
(approx.)……………………….
$10,764,835
(excluding the afore mentioned exceptions)
26. COST-EXPLAINATION
Lighting Fixtures:
28ft. each max
Non-corrosive metal
100 watts each
100 lighting fixtures
( [100 x $580.35] + [100 x $668] = $124,835.00)
32. FEDERAL REVOLVING LOAN FUNDS
(RFLs)
Aid in urban and rural renewal/revitalization
Most common aiding RFLs:
Brownfield Sustainability
Brownfield Clean-up
Small businesses
Incubating residential areas
33. REVOLVING LOAN FUNDS
The Environmental Protection Agency (EPA)
provides a numerous amount of these RFLs to aid
in the development of brownfields and their clean-
up from hazardous wastes and any other harmful
environmental factors.
Goshen Ex.
34. REVOLVING LOAN FUNDS
Small businesses emerge once brownfields
are capable of inhabitability.
Projects gain independence
Named duly for revolving aspect of loan
payment where the central fund is
replenished as individual projects pay back
their loans.
35. BALL BROTHERS FOUNDATION GRANT
Mission: dedicated to legacy of the Ball
Brothers and pursuit of improving the quality
of life of East Central IN in particular through
leadership and philanthropy.
36. BALL BROTHERS FOUNDATION GRANT
Funding:
Innovative approaches for addressing
community needs that result in long-
term, systematic solutions which consider the
use of community impact models and result I
measurable outcomes.
Seed-money to help launch new
programs, projects or initiatives
37. BALL BROTHERS FOUNDATION GRANT
Will not support:
Requests from organizations that are not 501c3
organizations as determined by the IRS.
Public services
Program Focuses with Program Area:
Public Affairs/ Society Benefit
38. BALL BROTHERS FOUNDATION GRANT
Type of Grant
BBF Rapid Grants – designed to provide funding
to organizations that require immediate funding
for formulating a project idea or seed-money to
begin a new project.
Mustbe submitted between February 1st and
November 30th
39. BALL BROTHERS FOUNDATION GRANT
Letter of Inquiry (LOI): includes some of the following
Category
Contact information
Name of project and projected status
Total Amount Requested
IRS Status
Letter of Inquiry Questions
2000 characters or less
Describe organization and mission
Brief description of needs addressed and how they will be met.
Population description
40. BALL BROTHERS FOUNDATION GRANT
Past winners:
2010 City of Muncie, $60,000
2010 – Community Enhancement
Projects, Inc, $45,000
Muncie Civic Theatre Association- $5,000
41. DO SOMETHING SEED GRANTS
Purpose: To help jump start a communal
program.
Details:
Worth $500
Given away one a week
No deadline
42. DO SOMETHING SEED GRANTS
Requirements:
Budget detailing how the $500 will be used
A recommendation from a non-family member
Eligibility Rules:
Applicantmust be 25 or older
Must be a U.S. or Canadian citizen
Can apply for as many grants on the Do
Something website, but can only win once every
12 months
43. DO SOMETHING SEED GRANTS
Judging Criteria:
Strong Grant Projects
Driven by Youth
Long term action plans in mind
Focus on community, among others.
Steps to Apply:
Go to http://www.dosomething.org/grants/seed-
grants
Create a project posting
Fill out online application
45. PLANNING SEED GRANTS
Avg. Amount given: up to $50,000
Madison county recipients:
Alexandria, 2008, 2010 - $49,000, $50,000
Comprehensive Plan, Downtown Revitalization
Elwood, 2009 - $10,173 Comprehensive Plan
Lapel, 2005 - $38,000 Water/Storm water Plan
46. STATE GRANTS
Community Focus Fund
Avg.Amount given: $500,000
Madison county recipients: Alexandria, 2011--
$180,000 Demolition
Disaster Recovery 1
Avg.Amount given: Varies ($1,000-$150,000)
No Mad. County recipients
47. STATE GRANTS
Disaster Recovery 2
Avg. Amount given: Varies ($200,000-$2 million)
Alexandria, 2010 - $1 million Drinking Water
Project
Downtown Enhancement Grant (Main Street)
Avg. Amount given: Varies ($5,000-$20,000)
48. ECONOMIC DEVELOPMENT FUND
Encourage a focus on long term development in
eligible populations.
Criteria:
Area has a substantial low and moderate income
population (51% or greater) or is designated as a slum or
blighted area.
Project addresses long term planning and development
efforts
The funds granted will have a significant impact
The project is ready to proceed and will be completed
within 18 months after being awarded
49. ECONOMIC DEVELOPMENT FUND
Some eligible projects are as listed:
Infrastructurein support of housing
Community centers
Downtown revitalization
Historic preservation
Funding in addition to meeting criteria must have a
primary focus on employment creation and/or
retention.
50. PLANNING GRANTS
Funded with Fed. Community Development Block
Grant dollars from the U.S. Dept. of Housing and
Urban Development.
Goal: encourage communities to plan for long term
community development.
Community leaders can apply for projects relating
to such issues as infrastructure and down town
revitalization.
51. PLANNING GRANTS
Must Demonstrate:
Meet a goal of the Federal Act
Planning initiative addresses long term priorities
Funds will have significant impact overall
Strong community commitment
Project is ready to proceed upon the grant being
awarded and will be completed within 12
months.
52. ASSESSMENT GRANTS
Assessment grants provide funding for a
grant recipient to:
Inventory Sites: Compile a listing
Characterize Sites: Identify past uses
Assess Sites: Determine existing contamination
Conduct Cleanup and Redevelopment Planning: Scope and
plan process
Conduct Community Involvement: Inform and engage
community
53. ASSESSMENT GRANTS
For a Site-Specific Grant:
A site-specific assessment grant must be applied for if the
assessment is limited to one, and only one, site. A site-
specific assessment grant application must be made if a
waiver of the funding limitation is requested.
Applicants will not be allowed to substitute another site for a
site-specific assessment grant where
54. ASSESSMENT GRANTS
Applicants submit a proposal for each grant type that they are
applying for (i.e., assessment, revolving loan fund, and/or
cleanup). Each proposal must address the selection criteria
outlined in the guidelines.
- Proposals must include:
a Cover letter describing project
a Applicant information
a Applicable mandatory attachments (e.g., state letter)
a Responses to evaluation criteria
All applicants must refer to the Proposal Guidelines published by
EPA.
55. ASSESSMENT GRANTS
Eligible entities include: state, local, and tribal governments
Total grant fund requests should not exceed a total of
$400,000 unless such a waiver is requested.
Up to $1 Million for assessment coalitions. A coalition is
made up of 3 or more eligible applicants that submits one
grant proposal under the name of one of the coalition
members who will be the grant recipient.
The performance period for an assessment grant is three
years.
56. ASSESSMENT GRANTS
Electronic copies of the Proposal Guidelines
can be obtained from the EPA brownfields
Web site at:
http://www.epa.gov/brownfields/applicat.h
tm
57. ECONOMIC DEVELOPMENT FOR A GROWING
ECONOMY
(EDGE Tax Credit)
Provides incentive to businesses to support
job creation, capital investment, and to
improve the standard of living for Indiana
residents.
58. ECONOMIC DEVELOPMENT FOR A GROWING
ECONOMY
A refundable corporate income tax credit is calculated as a
percentage of the expected increased tax withholdings
generated from new jobs creation.
Credit certification is phased annually for up to 10 years
based upon the employment ramp-up outlined by the
business.
One of the requirements that will help in keeping
prosperous growth in our downtown:
A company may not receive credit for any jobs a
company relocates from one site in IN to another site in
IN.
59. HOOSIER BUSINESS INVESTMENT TAX CREDIT
(HBI)
Provides incentive to business to support jobs
creation, capital investment and to improve the
standard of living.
A non refundable tax credit is calculated as a
percentage of the eligible capital investment to
support the project.
60. INDUSTRIAL RECOVERY TAX CREDIT
Provides an incentive for companies to invest in facilities
requiring significant rehabilitation or remodeling expense.
After a building has been designated as an industrial
recovery site, companies may be eligible for a tax credit
calculated as a percentage of qualified rehabilitation
expense.
The tax credit may be carried over to the immediately
following taxable years if the credit exceeds the taxpayer’s
state tax liability.
61. PATENT INCOME EXEMPTION
Tax payers are exempt from certain income
derived from qualified utility and plant
patents.
Qualified tax payers are eligible for an
exemption of 50% of patent income for each
of the first five years.
The exemption decreases over the next five
years to 10% in the tenth year.
62. PATENT INCOME EXEMPTION
The total amount of exemptions claimed by a
taxpayer may not exceed $5 million per year
The exemption is only available to
companies with 500 or fewer employees
65. MUNCIE STUDIES
What did Muncie do to grow its downtown
economy?
Partnering up with local colleges.
(Ball State and Ivy Tech)
66. MUNCIE STUDIES
State – Building Better Communities
Ball
Program
Expertsand skilled faculty members offer solutions
and help with a group’s community, economic, and
business development.
―Whether it be a community organization looking to
revitalize down town or an economic developer
needing a strategic marketing plan … -- Building
Better Communities can get you started.‖
67. MUNCIE STUDIES
Most beneficial Services include:
Strategicplanning and advice
Project administration
Customer service strategies
Organizational development initiatives
Marketing Strategies
Web site evaluation and development
Development of performance appraisal systems
68. MUNCIE STUDIES
Ball States: Tool Box Guide to Developing
Funds
A searchable database providing a comprehensive
listing of grants loans, tax programs, and incentives
available in Indiana.
Connecting entrepreneurs or groups to projects
that best fit their needs.
69. MUNCIE STUDIES
Ivy Tech Community College Strategic Plan
Accelerating Greatness 2013
70. MUNCIE STUDIES
Parts relevant to revitalization efforts:
Strategy 2: Ensure that Indiana’s
citizens, workforce, and businesses are globally
competitive.
2a.
Design and implement a process for engaging the
employer community.
2c.
Design and implement a process to ensure our
programs advance Indiana’s global competitiveness.
71. MUNCIE STUDIES
Strategy 4: Ensure and adequate and
sustainable resource base
4b. Implement a comprehensive approach to developing
and nurturing external partnerships.
4d/e. Communicate and leverage the linkage between
Ivy Tech’s success and the state’s economic success and
the success of Indiana’s businesses as they compete in
the global market place.
72. MUNCIE STUDIES
Utilize Energize ECI Partnership
(The Regional Economic Development Partnership for
East Central Indiana)
Presents some of the benefits of starting up a business in
East-Central Indiana:
Central location to North America
Established transportation networks
Low cost of operation and living
Available sites and buildings
73. MUNCIE STUDIES
Contact Energize ECI for answers to specific
questions and needs
(data, demographics, incentives, etc.)
concerning small business start up in the
region.
Contacts: info@energize-eci.org
PH: 765-641-4001
74. MUNCIE STUDIES
Innovation Center
Mission: to support and accelerate the creation of
successful technology based and emerging companies in
order to improve the economy of East Central Indiana.
The Company connects new entrepreneurs to academic
and government institutions, professional service
providers, and others who can supply the knowledge and
resources necessary to transform their ideas into realities.
75. MUNCIE STUDIES
Also provide a variety of priceless services
and resources within the facility
Ex.’s
strategic guidance
Funding recommendation
Space and equipment
76. MUNCIE STUDIES
Services offered:
Networking – common gathering place
Financial Packaging- where to acquire funds.
Business Consulting and Coaching
Patent, Trademark, and Copyright Assistance –
provides assessment of needs with legal consultant and act
as guide through the process
77. MUNCIE STUDIES
Innovation Connector Contacts:
1208 W White River BLVD
Muncie, IN
PH: 765-285-4900
78. MUNCIE STUDIES
East Central Small Business Development
Center
An online state organizational site offering a
wealth of free and low cost
information, management counseling and
education services to support Indiana small
business owners and entrepreneurs.
Mission:To create new jobs within the state and
encourage business growth.
79. MUNCIE STUDIES
The site offers resources for…
Startinga business
Relocating a business
Obtaining license and permits
Information on job resources and labor law
80. MUNCIE STUDIES
The East Central Indiana Small Business
Development center is a direct lender of the
Rural Revolving Loan Fund.
Funds can be used to purchase of fixed
assets or working capital.
81. MUNCIE STUDIES
General Requirements:
Applicants are required to provide a detailed
business plan.
Applicants must usually be a small business
located in a small community of 20,000 or less.
82. MUNCIE STUDIES
INDURE
Easy to access database of
expertise, intellectual property, and research
projects at Indiana’s leading universities.
Helps entrepreneurial businesses and investors
identify and connect with resources available for
furthering business development.
83. MUNCIE STUDIES
New and Small Business Educator Center
Indiana Department of Revenue’s online tool
enabling a better understanding for state tax
laws and resources available to sole
proprietors, partnerships, corporations, and non-
profits.
84. NOBLESVILLE STUDIES
Job Training Partnership Act (JTPA)
Federally funded program offering employment and training
services to disadvantaged youth and adults, older
workers, and dislocated workers.
Purpose: to help people who want a better life obtain the
skills necessary for employment.
(Also, stimulates economy by putting more willing
workers out there who have money and a job to buy things
locally around them.
The programs provide training for occupations that are
considered to be ―in demand.‖
85. NOBLESVILLE STUDIES
Purdue University Technical Assistance
Program (TAP)
Purpose – to advance Indiana’s economic
prosperity, health and quality of life.
TAP supports performance through programs that
utilize faculty, students, and staff.
Employers served include companies and
governmental units throughout the state.
86. NOBLESVILLE STUDIES
TAP Achievements: since 1986 programs have
assisted over 10,000 organizations, contributed to cost
savings of $75 million, increased capital investments by
$137 million, and saved or added over 7500 jobs in IN.
Contact Info: Purdue University MEP Center
6640 Intech Blvd. Building Ten, Suite 120
Indianapolis, IN
317-275-6810
tapmep@purdue.edu
http://www.tap.purdue.edu/
87. NOBLESVILLE STUDIES
Façade Grant Program
Designed to stimulate downtown
investment, maintain and initiate aesthetic
improvements downtown.
What it is.
50/50 Matching Reimbursement Grant
Program boundaries
Commercial activity as Primary purpose
Up to date on taxes
Applications due last Friday of each month
Funded through TIF (tax increment fixing)
88. NOBLESVILLE STUDIES
To Apply:
2 bids per project
Specific plans
Façade Grant Review Committee
Board of Public Works
Contractual Agreement
Inspection and paid invoices
89. NOBLESVILLE STUDIES
Tax Increment Financing (TIF)
Permits
cities or counties to use increased tax
revenues stimulated by redevelopment or
economic development to pay for the capital
improvements needed to induce economic
development.
90. NOBLESVILLE STUDIES
Access to TIF’s:
The use of TIF is initiated by the declaration of a tax
allocation area by a county or city redevelopment
commission.
Bonds payable from TIF may be used to finance the cost
of redevelopment and construction of improvements in
the area to be redeveloped or benefit the area.
Bond amounts are determined by the size of the project
and the amount of the increment available.
91. NOBLESVILLE STUDIES
Small Business Loan Guaranty Program
City sides with all local existing banks to
participate as a guarantor as part of the financing
for qualified businesses.
92. NOBLESVILLE STUDIES
How it really works.
Institutions participating (banks) will provide SBA
and conventional loans for small businesses.
The city’s guarantor will act as a ―bridge‖
between conventional underwriting standards or
add necessary support to facilitate the availability
of capital to these businesses.
93. NOBLESVILLE STUDIES
Tax-Phase Ins (Abatements)
Used in order to attract private investment and job
creation by exempting portions of the new or
increased assessed value resulting fro a new
business venture.
94. NOBLESVILLE STUDIES
Partnering with the National Main Street
Organization
a unique economic development tool that serves as the
foundation for local initiatives to revitalize their districts
by leveraging local assets—from cultural or
architectural heritage to local enterprises and
community pride
Basically, takes advantage of the city’s historic
value in order to create a solid basis for
revitalization efforts.
95. NOBLESVILLE STUDIES
Main Street 4-Point Approach
1. Organize –
building partnerships with those who have stakes in the
community,
recruiting volunteers from all over the city district
Getting those in head of organizing volunteer efforts to
spread the word and coordinate specific volunteer efforts
96. NOBLESVILLE STUDIES
2. Design – keeping downtown looking nice by
maintaining store fronts, planting flowers, using what is
already there and repairing if necessary, through allocation
of grants and volunteer coordinated efforts as well as other
financial measures.
Design activities also include instilling good maintenance
practices in the commercial district, enhancing the district's
physical appearance through the rehabilitation of historic
buildings, encouraging appropriate new construction, and
educating business and property owners about design
quality, and a continuation of this process.
97. NOBLESVILLE STUDIES
Economic Restructuring Committee
strengthens your community's existing economic
assets while diversifying its economic base.
Ex.’s – allocating more finances through state and
regional programs as well as city
stakeholders, residents, and fund raising through events.
as well as, boosting the downtown web page and
campaign to inform and help business owners more.
Also, getting the community surrounding downtown more
involved to spark business to want to come, organizing
more programs, getting downtown businesses in on the
effort.
98. NOBLESVILLE STUDIES
Promotion Committee - create a positive image that
will rekindle community pride and improve consumer and
investor confidence in your commercial district.
Promotions communicate your commercial district's
unique characteristics, as well as , business
establishments to shoppers, investors, potential business
and property owners, and visitors.
Ex’s. Newspaper involvement in creating a positive
image is Key! getting in touch with PIP and other
existing downtown businesses that relate to
communication, and reaching out to other’s in the area
who deal with advertising and PR!
99. NOBLESVILLE STUDIES
Joining Main Street
Contact the Main Street Coordinating Program
which can be located easily online to find out
about the application process for Indiana.
Network and stay in touch with already
successful programs, ex. Noblesville.
100. KOKOMO STUDIES
Indiana Business Growth Network
Program believes economies can be grown ―internally‖
by local companies
The role of the community is to provide sophisticated
information and services that improve this natural
entrepreneurial process.
Most relative services include:
Assisting with web search engine optimization and
Web marketing
Tracking regulations
101. KOKOMO STUDIES
Inventrek park – helps new technology-driven
business succeed in developing their ideas.
Provides a variety of services for entrepreneurs in
the technological field.
Assistance gaining financial capital
Coaching and mentor assistance
102. KOKOMO STUDIES
Property Tax Abetments
Seeks to revitalize the Kokomo community by
providing favorable financing for new industrial
and service companies
Available
on new equipment or real property
improvements for periods of up to 10 years.
Provides 1/3 gap financing up to $300,000 at
very attractive rates
103. KOKOMO STUDIES
Developed and raised community
awareness/ interest in a Riverside District
Board walk along the river
Shops and restaurants located close by to attract
customers and help economy
Clean river programs gets community involved
Programs/festivities to be held along the river
also do this.
104. KOKOMO STUDIES
Customized Business Incentives
Relocation grants for companies moving to
Kokomo
Infrastructure grants
Other
grants related to Economic Development
Income Tax
105. LAFAYETTE STUDIES
Neighborhood Stabilization Program
(NSP)
Allocated through the Indiana Housing and Community
Development Authority made available from the
Department of Housing and Urban Development. (HUD) .
HUD – mission is to provide money to help revitalize and
stabilize communities impacted by the foreclosure crisis.
City received $7,774,200.00!!!
106. LAFAYETTE STUDIES
Area of focus for redevelopment – Glen
Acres neighborhood.
The new development focuses attention on
installment of Chatham square, a square
brings communities centrally together!
107. LAFAYETTE STUDIES
Money distributed to a variety of contributing
factions making the square possible
Administration($370,200.00) – provides funds to
pay for expenses related to administering the
grant.
Redevelopment/New Construction
($5,720,000.00) – involves demolition of existing
structure and new construction.
108. LAFAYETTE STUDIES
Rehabilitationof foreclosed/abandoned homes
($1,000,000.00) - purchase and resell
refurbished homes.
Demolition ($210,000.00) - getting unsafe and
unneeded homes out of the way for further
development.
Funding Mechanisms ($474,000.00) – provides
assisting funds for new buyers located along the
square.
109. ANDERSON ASSETS
Programs needed to be taken advantage of!
Score of Madison County – non-profit
association dedicated to entrepreneur education
and the formation of growth and success for
small businesses
110. ANDERSON ASSETS
Working and retired executives and business owners
dedicate their time and expertise as business
counselors to provide free counseling and low cost
workshops.
In
the event they are challenged beyond their
expertise they have the entire national organization to
draw upon.
Madison County Address: 2701 Enterprise Dr, Suite
202 Anderson, IN 46013
Contact: through Madison County Chamber of
Commerce 765-642-0264
111. ANDERSON ASSETS
Economic Revolving Loan Fund – The city in
cooperation with local banks offers a low interest
loan program for businesses located in Anderson.
Offers loans up to $100, 000 at rates as low as 4
percentage points below the prime rate for 20
years.
Borrowers must create one job for every $10,000
borrowed.
112. ANDERSON ASSETS
Enterprise Zone Program
Designed to stimulate reinvestment with a
designated disadvantaged zone and create jobs
for zone residents.
The Indiana Zone Board oversees the enterprise
zone programs in each locality.
113. ANDERSON ASSETS
In order to stimulate reinvestment and create jobs within
zones, businesses located within an enterprise zone are
eligible for certain tax benefits.
Tax Benefits Include:
No property tax on business inventory
Exemption from Indiana Gross Income Tax on the increase of
receipts from the base year.
State Income Tax Credit (up to 30% of purchase price) for individuals
purchasing an ownership interest in an enterprise zone business
State Income Tax Credit on lender interest income (up to 5%)
114. ANDERSON ASSETS
Property Abatements
Any property owner in a locally designated
economic revitalization area who makes
improvements to real property or installs new
manufacturing equipment is eligible.
Used manufacturing equipment may also qualify
115. QUICK REMINDER!!!
Why should we bother?
Indiana sub-state forecast conducted by IU:
For2011-2014 all MSAs show employment
growth except Anderson.
Lets Prove them Wrong!!!
116. ANDERSON ASSETS
Cheap and abundant factory buildings already in place
Low tax rates
Affordable housing
Low living costs
Board walk along the white river coupled with bridge leading
to extensive Shadyside trails and parks
Access to many major rail way systems for easy business
shipping and exporting materials
117. ANDERSON ASSETS
The overall cost of doing business in Indiana
is cheaper than surrounding Midwestern
states.
Low unemployment insurance and workers
compensation rates
Indiana if fifth best for manufacturing and
logistics in the nation due to human
capital, global position, and tax climate.
118. ANDERSON ASSETS
Attractions such as state theatre, paramount, historic
museum, art museum, historic 8th street (glimpse into
Victorian era)
Located very close to I-69 and other prospering cities to
deal in business with
Located close to several business enhancing programs for
support and help
Resources such as the downtown fountain by
Paramount, YMCA, concert stage, beautiful buildings, and
small kids park located centrally downtown by other
attractions.
119. PROBABLY MOST IMPORTANT PART
So Please if you faded away from us…
HEAR US OUT ON THIS PART!!!
120. SUBSTANTIAL CONSIDERATIONS
Town squares from all case studies showcase the city
courthouse as the main icon surrounded by shops.
What surrounds our court house? Our town square?
Demolish park
Demolish some parking space
Put in their places, restaurants and other services that
would attract office employees, downtown business people
121. SUBSTANTIAL CONSIDERATIONS
Attract businesses by promoting Assets and marketing
these Assets to a broad spectrum.
Need to redo and update, make more easily accessible and
inviting, economic development website.
Showcase and explain small business incentives for
downtown and helpful places where one might find financial
aid through the city, region, and state.
122. SUBSTANTIAL CONSIDERATIONS
State Theatre Renovation Program
Allocation of grants for use of renovating
structure inside as well as outside of this historic
city structure.
Can be used once refurbished as a low cost
movie theatre running past movies for a lower
cost to public (Provides a downtown
entertainment service)
123. SUBSTANTIAL CONSIDERATIONS
Something to do downtown that will save money
and help economy
Promoting this historic feature in all its old
glory, showcase its old pride and experience
through media, marketing, as well as on its build
board and through possible partnership with the
Paramount (which also serves as an
entertainment tool)
124. SUBSTANTIAL CONSIDERATIONS
Get the community united!!!
About the school system, we have a great system with
more class opportunities then surrounding county
schools!
Market this!
Partner with Herald Bulletin on this downtown effort is
crucial! (we want to promote and unite this city effort by
displaying to the entire city and county our plans and why
were a great incubator for business)
125. SUBSTANTIAL CONSIDERATIONS
Plan more down town events, get downtown centers and
businesses to host their own or help in efforts
(YMCA, APL, local businesses, Churches, even the city)
The Wigwam
It has computer labs, a televised screening room, one if not
two weight rooms, class rooms, gyms, pool, kitchen
areas, clinic rooms, a track, could convert fields by it to
usable soccer fields ( which is right by the YMCA who would
probably love it!)
126. SUBSTANTIAL CONSIDERATIONS
Market it, school system, local groups, city could buy it and
use it as a community Rec-center which is downtown.!!!
Could block parts of the inside and use it as a central
middle school or a new and very equipped high school for
Liberty Christian!!!
Demolish old schools that aren't needed, Robinson
elementary, they are depressing and waste space as well as
are eye sores.
More lenient historic 8th street controls on businesses, Ex.
127. SUBSTANTIAL CONSIDERATIONS
creating a positive image is Key! getting in touch with PIP
and other existing downtown businesses that relate to
communication, and reaching out to other’s in the area who
deal with advertising and PR!
Broadcast Paramount events and down town events
more, make a bigger deal out of it by uniting with the Herald
and other downtown corporations!
128. SUBSTANTIAL CONSIDERATIONS
Form a partnership with Anderson University’s ―top ranked‖
Falls Business School.
Contact Info: Business Office, adrussell@anderson.edu
, PH: 765 641-4001
Form a Partnership with Ivy Tech’s Accelerating Greatness
2013 and Ball State’s Building Better Communities
Program
129. THANK YOU FOR YOUR TIME
Our Presentation has concluded.