MEDCO

Marion Economic Development Company

Growth
Innovation
Opportunity

30th Annual
Business Luncheon
March 11, 2015
Presenting Sponsor

3 0 t h AN NUAL B USINESS LUNCHEON

The vision of MEDCO is to be a

O
C
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M
ompany

lopment C

mic Deve
rion Econo

Ma

premiere economic development

partner in an environment that
advocates growth
and generates
success.

ESTORS

TO INV
T
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O
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R

pacted
irectly im
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v
a
h
13 we
illion in
Since 20
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2015-2019 GOALS: SUPPORTING OPPORTUNITY, INNOVATION AND GROWTH

Opportunity
Advocate and lobby for implementation of pro-business public policy at
local, state and federal levels of government
Strengthen partnerships with local, regional and state economic
development organizations
Meet annually with all investors to align strategic growth opportunities and
workforce initiatives
Support local entrepreneurs through collaborative partnerships with
regional start-up programs

Innovation
Expand and enhance MEDCO visibility
Leverage revolving loan fund to support business investment and
workforce training
Be a leader in connecting students to current & future workforce needs
Leverage Marions brand to market the community to a targeted audience
in modern and creative ways

Growth
Assist 10 existing businesses with expansion projects over five years
Secure commercial and industrial capital investments of $4 million annually
Foster an environment that creates 250 new jobs by 2019
Leverage state initiatives including Skilled Iowa and Home Base Iowa to
recruit and grow regional workforce
Retain, expand and recruit innovative companies to Marion

ELPLAST America Groundbreaking - October 22, 2014

2 0 1 4 YEA R IN REVIEW

February 10
Chad Heiman hired as MEDCO
Communications Manager

August 20
MEDCO hosts Iowa Economic Development
Authority Director Debi Durham

March 12
Record crowd attends MEDCO Annual
Luncheon to listen to Fiberight CEO Craig
Stuart-Paul

September 15
Nick Glew announced as organizations new
President

June 1
Hupp Electric Motors begins
$8 million expansion and
renovation project at new
Marion facility.
June 17
MEDCO launches Home Base
Iowa Campaign

June 19
Marion Iron breaks ground on new facility
July 22
Freund-Vector breaks ground on $2.16
million expansion project, creating 12 high
quality jobs
August 7
MEDCO assists Acterra Group to facilitate
$2.25 million expansion

2 0 1 4 YEA R IN REVIEW

September 25
MEDCO and the Marion Chamber of Commerce partner to host
Iowa House District 68 Candidate Forum
October 1
Perfect Game, Inc. purchases former GWE Building
and moves corporate headquarters to Marion
October 21
Legacy Manufacturing breaks ground on
$10.4 million manufacturing facility in the
Marion Enterprise Center
October 22
Zory, Poland based ELPLAST America
breaks ground on $6 million manufacturing
facility in the Marion Enterprise Center
November 1
MEDCO launches new, redesigned and userfriendly website
November 24
Governor Terry Branstad designates
Marion a Home Base Iowa community
(first municipality to receive the
designation)
December 15
MEDCO submits final application for
shovel ready and site certification for
the Marion Enterprise Center through
the Iowa Economic Development
Authority

M ED CO BOARD OF DIRECTORS
Ray Brown, Board Chairman
The ESCO Group

Tom Barnes, Past Chairman

Barnes Manufacturing

Eric Hanna, Treasurer

Hogan Hansen P.C.

Bill Bogert
Anderson Bogert Engineers

Jim Bouslog
Bouslog Insurance

Steve Carroll
Linn County REC

Maxwell Grant
OHE Industries

John Hartmann
Farmers State Bank

J.T. Anderson
Linn-Mar Community Schools

Lee Eilers
Marion Process Solutions

Dave Martin
Martin Gardner Architecture

Mary Meisterling
Alliant Energy

Jim Angstman
GLD Commercial Real Estate Advisors

Tom Padley
MidAmerican Energy

Scott Pantel
Rinderknecht Associates Inc.

Sarah Pinion
Marion Independent School District

Cheri Popp
CIPCO

Alan Prowse
Rockwell Collins

Mary Rathje
Rathje Construction

Tim Mooney
Mooney-Engle Land Company

Ex - Offic io B oa rd Me mbe rs
Brent Oleson
Linn County Board of Supervisors

Scott Swenson
Kirkwood SBDC

Jill Ackerman
Marion Chamber of Commerce

Snooks Bouska
Mayor, City of Marion

Chad Zrudsky
Marion Chamber Board Chair

Lon Pluckhahn
Marion City Manager

Brian Crowe
Cedar Rapids Metro Economic Alliance

14- 144 permits $17.4 million valuation

BY THE NUMBERS
Commercial Building Permits

New
Construction
NewCommercial/Industrial
Commercial/Industrial Construction
($
($ million/year)
million/year)

35
30
25
20
15
10
5
0

13.4% increase in new

commercial & industrial
Single Family Residential
construction
09- 143 permits
compared to
10- 145 permits
11- 121 permits
2013
12- 157 permits

Single Family Residential

09- 143 permits
10- 145 permits
11- 121 permits
12- 157 permits
13- 184 permits $22.6 million valuation
14- 144 permits $17.4 million valuation
2009

2010

2011

2012

13- 184 permits $22.6 million valuation

14- 144 permits $17.4 million valuation
2013

2014

Commercial Building Permits

13- $13.4 million

14- $15.2 million 13.4% increase from 13 to 14

Commercial Building Permits

13- $13.4 million

14- $15.2
Unemployment
Rate million 13.4% increase from 13 to 14

Over the past six years Marion

13- IA: 4.6Unemployment
%
Rate
continues
to see strong
Marion: 3.6%
single family growth
13- IA: 4.6 %
14- IA: 4.4%
Marion: 3.6%
Marion: 3.5%
of an average 149
14- IA: 4.4%
new homes/year
Marion: 3.5%
Unemployment Rate
6.5

100
50
0

2009

2010

13- $13.4 million

Unemployment Rate

6.3
5.9

13- IA: 4.6 %

Marion: 3.6%

5.5
5.2

5
4.7

14- IA: 4.4%

Marion: 3.5%
4.6

4.5

4.4

4.1

3.6

3.5
3

150

2011

14- $15.2 millionRate

13.4% increase from 13 to 14
Unemployment

4.5

200

2010

2011
Marion

2012
Cedar Rapids Metro

2013
Iowa

3.5

2014

2012

2013

2014

MEDCO

Marion Economic
Development Company

To be honest, from a business perspective, Marion is

doing all the right things. They're very cooperative
and it was an easy decision (to locate here).

Chad Rupert
President, ELPLAST America Inc.

When we were going through the process of

constructing a new facility for our company
we knew MEDCO would be there to help. Every
community, especially one growing at the rate we
are, needs an organization that is an advocate for
the local business community.

Mary Rathje
Rathje Construction

As the owner of an advanced manufacturing

company, I feel the challenges like so many other
employers of finding a workforce to meet today's
needs. I am confident that MEDCO will be at the
table as we discuss how we will grow our regional
workforce.

Tom Barnes
Owner, Barnes Manufacturing

Your investment in MEDCO creates new

OPPORTUNITIES for INNOVATION and GROWTH in
Marion.
Thank you for supporting MEDCO!
Contact us today to join our team:
Marion Economic Development Company
1225 6th Ave, Suite 100
Marion, Iowa 52302
(319) 743-4724
Nick Glew
President
nick@medcoiowa.org
(319) 743-4724
Chad Heiman
Communications Manager
chad@medcoiowa.org
(319) 743-4728

www. medcoiowa.org
Marion Economic Development Company
(MEDCO)
@MEDCOia