City staff are working with the arts community to develop an artist relocation program, intended to bring more artists to our city.
If you would like to help please send and email to hullingerc@gmail.com
Hospitality Improvement Zone (HIZ)
City Staff are making presentations on the proposed
Hospitality Improvement Zone (HIZ)
Contact us and we will be glad to tell you all about it:
CraigHullinger@gmail.com 309 494 8639
Presentations Made to date as of April 2, 2008
City Council
Downtown Hotel Owners
Downtown Property Owners
Sanitary District
Peoria County
Peoria Township
Detweiller Trust
Heart of Peoria Commission
PACVB
PCC
Library
Various citizens and developers
City staff
_____________________________
Requested Permission to Make Presentation to / Date Scheduled
Mass Transit District / April 14, 2008
Chamber of Commerce / June 5, 2008
ICC / TBD
Planning Commission / TBD
Economic Development Stakeholders / TBD
EDC / TBD
District 150 / TBD - Will schedule after agreement on previous TIF's is complete
Park District / No presentation wanted, letter was enough
Any other group - please call / TBD
More Info on http://www.peoriaed.blogspot.com/
under Hospitality Improvement Zone
City Council Economic Development Agenda Items
Tuesday March 25, 2008 6:15 pm - All items were approved by unanimous vote
1. Creation of a new facade improvement program for the area between the Warehouse and Eagle View TIF along Washington, Adams, and Jefferson. The program would provide assistance for businesses to improve their facade, with a 50/50 city match of private investment up to a maximum of $20,000 for the City.
2. Approval of a facade improvement grant to USF of $20,000 as a match for a USF investment of $120,000 in facade improvements.
3. Reservation of $9,614,095 of City Bond Cap to support future city programs. Reservation of the cap retains the use of these funds for City economic development programs such as Industrial Revenue Bonds to support industrial expansion, or to reduce mortgage rates for first time home buyers in the city.
4. Entering into a TIF Agreement in the Eagle View TIF with Westmont Interior Supply House, providing the company with a TIF incentive equal to 50% of the new additional property tax to be paid on the additional assessed valuation of the property. This is the 7th TIF agreement to be approved in the two new TIF Districts.
1. Creation of a new facade improvement program for the area between the Warehouse and Eagle View TIF along Washington, Adams, and Jefferson. The program would provide assistance for businesses to improve their facade, with a 50/50 city match of private investment up to a maximum of $20,000 for the City.
2. Approval of a facade improvement grant to USF of $20,000 as a match for a USF investment of $120,000 in facade improvements.
3. Reservation of $9,614,095 of City Bond Cap to support future city programs. Reservation of the cap retains the use of these funds for City economic development programs such as Industrial Revenue Bonds to support industrial expansion, or to reduce mortgage rates for first time home buyers in the city.
4. Entering into a TIF Agreement in the Eagle View TIF with Westmont Interior Supply House, providing the company with a TIF incentive equal to 50% of the new additional property tax to be paid on the additional assessed valuation of the property. This is the 7th TIF agreement to be approved in the two new TIF Districts.
Peoria Continues to Grow
The City recently conducted a special census, showing that the City has grown by a total of 8,455 people since the 2000 Census.
More information on the link below:
Workforce Development
Careers 2008 Wednesday, April 9, 2008
Time: 10:00am - 2:00pm
Location: Northwoods Mall
More info on the Workforce Development Blog at:
http://peoriaworkforce.blogspot.com/
More info on the Workforce Development Blog at:
http://peoriaworkforce.blogspot.com/
Alumni Housing
The web page below describes a very nice alumni housing development for MIT and Harvard. A development like this would be great for Peoria and Bradley University.
The link below describes the program of a company that specializes in University Alumni Housing.
Aging baby boomers will soon want one story homes. And many of them will want the vitality of city living without the cost of a large and expensive metro area. And some of them will fondly remember their old University.
Retirement homes in conjunction with Universities have become increasingly common. The housing can be privately developed, with alumni and retired faculty targeted as purchasers. A number of programs have been developed where private developers work with Universities to market retirement communities to alumni. The involvement of the University can be minimal, but usually involves letting their alumni know about the proposed development and conducting a survey to find out what type of homes they prefer.
The alumni bring a love of the University, a pool of supporter / volunteers / students, and the potential for donations and bequests. They can also afford a nice home, selling their single family home in a more expensive housing market, and moving to Peoria. From the City perspective a program to bring retired alumni back brings in affluent citizens with retirement nest eggs. They spend money, don't need jobs, and contribute to the city. They would help to rebuild several of our neighborhoods that need redevelopment.
In marketing Peoria to national developers, we encountered a number of Bradley alums and one who dated a Bradley student. They all were interested in how the University and City were doing. Bradley Alumni Developers would be obvious candidates for recruitment for the development of one or more retirement communities. There are also a number of firms that specialize in this type of housing. I have listed a few of the web pages below: You will notice that Campus Continuum continuously conducts a nice web based questionnaire aimed at alumni retirees - a pretty effective and low cost way to see if there is interest in retiring back to the campus, and a low cost way to help figure out the type of housing desired.
WEB PAGES
http://www.meadowoodrc.com/iuconnection.html
http://www.walshconstructionco.com/adobe/URCAD.pdf
http://www.offcampus.housing.umich.edu/files/nyt_retirement_article.pdf
"Baby Boomers, Back to Campus," University Business Magazine, 2/08, http://www.universitybusiness
"Retirees Attracted by the College Lifestyle," The Washington Times, 10/5/07, http://www.washingtontimes.com
Good article on building "Green" in InterBusiness Magazine by Don Forrest of Farnsworth Engineering. Read it at:
Farnsworth is assisting the city in promoting Sustainable Development in Peoria. Read about it at:
http://www.peoriamagazines.com
Farnsworth is assisting the city in promoting Sustainable Development in Peoria. Read about it at:
Population and Employment within 10 Mile Radius
Center Point of 10 mile circlesBlue Circle I-74 and Washington (Downtown)
Green Circle I-474 and Washington
Red Circle Route 6 and War Memorial Drive (Grand Prairie)
Tax Increment Financing (TIF) Success
http://spreadsheets.google.com/pub?key=pSt1ivzaCLuN4WFfX60coQw
TIF Districts spur revitalization of older neighborhoods, increasing tax base and jobs. Successful projects include:
Caterpillar
CBT
CityScape Apartments
Cranes & Equipment
Drumheller Bag
First Capital Bank
HCH Administration
IL Assn. of Neurosurgery
InPlay
Kirby Risk
O’Brien Stadium
O’Brien Steel
Orthopedic Institute
Plattner Orthopedic
PMP
Renal Care Center
Spring Grove Residential
Staybridge Suites
Superior Consolidated
Technicraft
U. of I. College of Medicine
Valley Park Shopping Cntr.
Valeska Hinton School
Westmont Supply
WW Grainger
401Water Street
http://peoriatif.blogspot.com/
______________________________
Hospitality Improvement Zone
(HIZ) TIF
The cities of Tinley Park, East Peoria, and Normal have developed high quality conference centers and hotels which draw business from Peoria. Springfield’s attractiveness has been greatly enhanced by the Lincoln Museum. These improved competitors all received substantial assistance from government, and will draw business from downtown Peoria.
Our downtown hotels and other hospitality industry business struggle to compete with these quality new developments. The City can choose to compete or not to compete. The proposed Hospitality Improvement Zone would assist existing and new businesses invest, improve, and expand.
City Council has directed staff to present the potential HIZ TIF to our sister governments, and request their input and direction. We also ask our citizens to send us their recommendations. Thank you for your consideration. We appreciate your viewpoint.
Send comments or questions to Craighullinger@gmail.com
309 643 0482
More info at
http://peoriatif.blogspot.com/
Turner Center for Entrepreneurship
The Turner Center for Entrepreneurship is a not-for-profit program located at Bradley University. The centers which make up the Turner Center for Entrepreneurship provide business counseling, technical assistance, training, and educational activities for individuals interested in owning their own businesses. We also help existing entrepreneurs and businesses who want to expand or take advantageof new opportunities and technologies, are interested in marketing their products and services interationally, or are seeking to commercialize new products and technologies.
More info at http://www.bradley.edu/turnercenter/
More info at http://www.bradley.edu/turnercenter/
PeoriaMagazines.com
Based in Peoria, Illinois, Central Illinois Business Publishers is the foremost business, social and arts resource in the region. On this site, you will find information about our four publications: InterBusiness Issues, The Peoria Woman, art & society and Peoria Progress magazines. Whatever your interest, you’re sure to find it covered on PeoriaMagazines.com.
Caterpillar Inc. is unveiling the first innovative AC electric drive track-type tractor in the industry. The revolutionary electric drive system developed for track-type tractors gives the D7E an unmatched balance of power, efficiency, control and maneuverability. The new product demonstrates Caterpillar's commitment to the industry with a machine that does more work and consumes less fuel and parts while providing lower operating costs.
Caterpillar Inc. is unveiling the first innovative AC electric drive track-type tractor in the industry. The revolutionary electric drive system developed for track-type tractors gives the D7E an unmatched balance of power, efficiency, control and maneuverability. The new product demonstrates Caterpillar's commitment to the industry with a machine that does more work and consumes less fuel and parts while providing lower operating costs.
NEXT Steps
NEXTsteps was designed to provide a forum for informal networking and information sharing between innovators, entrepreneurs, investors, and others interested in nurturing entrepreneurship in the Midwest. Typically, NEXTsteps features the presentation of three or more technology companies or technology concepts ready to be taken to the next level.
Date: March 18th, 2008 Additional details and directions to the event can be found at: www.peorianext.org/goto |
Peoria NEXT |
Population and Income
The data below compare three major intersections in Peoria. At the 10 and 30 mile radius point, downtown has the highest population and income. There is little difference among the 3 locations at the 30 mile radius point, which picks up most of the metropolitan population.
2000 Census Population Radius 10 Miles / 30 Miles
I-74 & Washington (Downtown) 254,725 / 387,773
I-474 and Adams (Southern Gateway 236,871 / 386,576
Rt 6 & War Memorial (Grand Prairie) 178,143 / 387,657
__________________________________________
2007 Estimated Median
Household Income Radius 10 Miles / 30 Miles
I-74 & Washington (Downtown) 47,489 / 49,616
I-474 and Adams (Southern Gateway 45, 353 / 49,388
Rt 6 & War Memorial (Grand Prairie) 45,987 / 49,591
Source US Census, Claritas.
2000 Census Population Radius 10 Miles / 30 Miles
I-74 & Washington (Downtown) 254,725 / 387,773
I-474 and Adams (Southern Gateway 236,871 / 386,576
Rt 6 & War Memorial (Grand Prairie) 178,143 / 387,657
__________________________________________
2007 Estimated Median
Household Income Radius 10 Miles / 30 Miles
I-74 & Washington (Downtown) 47,489 / 49,616
I-474 and Adams (Southern Gateway 45, 353 / 49,388
Rt 6 & War Memorial (Grand Prairie) 45,987 / 49,591
Source US Census, Claritas.
Enterprise Zone
There are nearly 100 Enterprise Zones in Illinois. These zones help to incent development. Certain types of development can get a 5 year property tax abatement and pay no sales tax on building material. Information on Enterprise Zones can be found at:
http://www.ieza.org/
http://peoriaenterprisezone.blogspot.com/
http://www.ieza.org/
http://peoriaenterprisezone.blogspot.com/
Business Showcase on Tuesday April 1, 2008
The 2008 Business Showcase, held in Peoria at the Peoria Civic Center, will take place Tuesday, April 1st.
This event is quickly growing into one of the region’s largest business networking event, and you will want to be there. This event showcases some of the Peoria area’s most dynamic businesses, together at one event. Feel free to explore the latest in technology, services, and products that could empower your business. Discover the revenue possibilities, make connections with area professionals, and increase your company’s productivity. If you may be interested in participating in the 2008 Business Showcase please visit the attached link. This will take you to the Business Showcase, on the Peoria Area Chamber of Commerce website.
http://www.peoriachamber.org/goto/BusinessShowcase You will see three live links at the top of the page. The first link is to download the Exhibitor’s Service Manual (registration information). It is a large document, so if it may take some time to open. The other two links allow you to view who is already signed up for the trade show and which booth number they are assigned to. Please let me know if you have any questions about the Business Showcase. I will be glad to help.
Thank you,
Sarah Stabler Sarah
sstabler@chamber.h-p.org
Peoria Area Chamber of Commerce
A company of the Heartland Partnership
124 S.W. Adams St. Suite 300
Peoria, IL 61602
p: (309) 495-5914f: (309) 495-5978
Visit us at: www.peoriachamber.org
This event is quickly growing into one of the region’s largest business networking event, and you will want to be there. This event showcases some of the Peoria area’s most dynamic businesses, together at one event. Feel free to explore the latest in technology, services, and products that could empower your business. Discover the revenue possibilities, make connections with area professionals, and increase your company’s productivity. If you may be interested in participating in the 2008 Business Showcase please visit the attached link. This will take you to the Business Showcase, on the Peoria Area Chamber of Commerce website.
http://www.peoriachamber.org/goto/BusinessShowcase You will see three live links at the top of the page. The first link is to download the Exhibitor’s Service Manual (registration information). It is a large document, so if it may take some time to open. The other two links allow you to view who is already signed up for the trade show and which booth number they are assigned to. Please let me know if you have any questions about the Business Showcase. I will be glad to help.
Thank you,
Sarah Stabler Sarah
sstabler@chamber.h-p.org
Peoria Area Chamber of Commerce
A company of the Heartland Partnership
124 S.W. Adams St. Suite 300
Peoria, IL 61602
p: (309) 495-5914f: (309) 495-5978
Visit us at: www.peoriachamber.org
At Issue Economic Development Video
The three part At Issue series on economic development is now posted on the station's website.
Go to www.wtvp.org and click on programming on the task bar across the top. Then click on At Issue in the drop down box. The shows will appear with the most recent at the top. Just click on the picture and the half hour show will play.
Go to www.wtvp.org and click on programming on the task bar across the top. Then click on At Issue in the drop down box. The shows will appear with the most recent at the top. Just click on the picture and the half hour show will play.
Joint Review Board (JRB)
The JRB meeting is scheduled for Wednesday March 12, 2008 at 3:00 pm in Room 404 of the City Hall. The public is welcome. This meeting will update representatives of all the City of Peoria taxing bodies on the nine existing Tax Increment Financing Districts (TIF). The performance of each TIF will be discussed, and compared to non TIF areas.
The JRB will also discuss the potential Hospitality Improvement Zone (HIZ) TIF, which would assist existing and potential hotels to improve in downtown Peoria. Our neighbors in Normal, Tinley Park, and East Peoria have all developed high quality hotel and conference centers using TIF incentives. The City of Peoria can choose to either compete for this business, or accept a decline in conference attendance in downtown.
City Economic Development staff will be presenting the potential HIZ TIF to the taxing bodies over the next month. More info at:
The JRB will also discuss the potential Hospitality Improvement Zone (HIZ) TIF, which would assist existing and potential hotels to improve in downtown Peoria. Our neighbors in Normal, Tinley Park, and East Peoria have all developed high quality hotel and conference centers using TIF incentives. The City of Peoria can choose to either compete for this business, or accept a decline in conference attendance in downtown.
City Economic Development staff will be presenting the potential HIZ TIF to the taxing bodies over the next month. More info at:
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