Presented by Mr. Ziuchkouski\'s Advanced Calculus Class | Anderson High School

1. Presented by:
Mr. Ziuchkovski’s
Calculus Class

2. WHY SHOULD WE REVITALIZE
DOWNTOWN?

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

10. CHARACTERISTICS OF A
SUCCESSFUL COMMUNITY

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.

16. BRIEF HISTORY OF ANDERSON

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!

22. How much will this ―new Anderson‖ cost?
FINANCE

23. COST-THE BREAKDOWN
 Lighting
Fixtures………………………....….$124,835
 Signage…………………………………………
……$5,000
 Parking……………………………….……….$8
,560,000

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)

27. COST-EXPLAINATION (CONT.)
 Signage:
 50 signs needed (approx.)
 50 x $100 =$5000
 Parking:
 5-storyparking garage (145,000ft2)
 $8,560,000

28. COST-EXPLAINATION (CONT.)
 Road Reconstruction:
 Louisville(model)
 2 miles of road = $1,500,000 (approx.)
 One-way  Two-way = $150,000 per road
(approx.)
4 x $150,000 = $600,000
 Bikelanes = $5,000-$50,000 per mile(road
dependent)

29. COST-EXPLAINATION
 Demolition:
 $10,000-$500,000 (building condition
dependent)
 Landscaping:
 $175,000 (approx.) (case-to-case dependent)
 Renovation:
 10,000 ft2 (model)
 $750,000-$1,500,000 (case dependent)

30. COST-CHART
Finance/Cost Landscaping Lighting Signage
2% 1% 0% Road
Reconstruction
6%
Parking
91%

31. GOVERNMENT SUBSIDIES, GRANTS, FINANCIAL
PROGRAMS, ETC.

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

44. MISCELLANEOUS SEED GRANTS
 Average amount given: up to $2 million
 No Madison County recipients

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

63. END OF GOVERNMENT SUBSIDIES, GRANTS, ETC.
Now on to…

64. CASE STUDIES

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.