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I-69 International Trade Corridor
      Discover the Business Advantage
         IEDC Leadership Summit – Orlando, FL
                   January 28, 2013

                            By
                   Paul J. Brake, CEcD
              City Manager, City of Grand Blanc
                  Justin Horvath, CEcD
 President/CEO, Shiawassee Economic Development Partnership



                                                              1
Introduction
• 2010 Michigan legislation allows for up to five
  Next Michigan Development Corporations
• Participants must be local municipal and
  county – parties to an Interlocal Agreement
• Next Michigan Boards are authorized to grant
  project-based tax incentives to multi-modal
  businesses
Our Next Michigan Board
• Largest in Michigan with 35 municipal and
  county partners
  – Shiawassee, Genesee, Lapeer & St. Clair Counties
About the Corridor
• Our region services as a gateway




between the Midwest US and Ontario, Canada
Our Next Michigan Board
Our Next Michigan Board
• The NMDC is an independent self-governing
  entity, managed by a board with
  representatives from participating
  municipalities.
  – Revenues sources from member municipalities
  – Receives administrative support from Genesee
    Regional Chamber of Commerce and Prima Civitas
    Foundation

                                                     6
Advantages of Next Michigan
• Important new component of regional
  economic development efforts
  – Supports business – existing and new
  – Multi-modal focus encourages trade and transport
  – Unique incentives for qualified projects
  – Municipal collaboration across the region



                                                       7
Supporting Investment & Jobs
• Projects can be considered for Next Michigan
  support if…
  – Location is within participating municipality
  – Firm uses multiple modes of freight transportation
  – Project is growth, not in-state relocation
• Businesses can access information through four
  county-wide economic development agencies

                                                     8
Supporting Investment & Jobs
• Next Michigan Development Corp incentives
  – 50% tax abatement on new real & personal property
  – 100% tax abatement on new personal property
  – Formation of tax-free Renaissance Zones is expected
    to be completed mid-2013




                                                     9
Steps to Success
• Form Renaissance Zone Districts
  ─ Identify & evaluate potential sites
  ─ NMDC selects sites based on advice of Economic
    Developers and MEDC
  ─ NMDC submits sites to Michigan Strategic Fund for
    approval




                                                   10
Why become a Qualified Eligible
      Next Michigan Business
⁻ Certified as an eligible business gains opportunity for
  Renaissance Zone Tax Abatements
⁻ An Eligible Next Michigan Business is multimodal
⁻ Within a renaissance zone, a business may apply to
  NMDC for certification as a Qualified Eligible Next
  Michigan Business


                                                            11
What we have learned from the
      collaborative partnership
• The Corridor shares a common vision and mission of
  promoting economic prosperity
  ⁻ Target regional strategy on the existing and
     competitive advantages
  ⁻ Implementation framework that is result oriented,
     focused on aligning and leveraging resources


                                                    12
What we have learned from the
   collaborative partnership
• Engage stakeholders on a broader scale
  - Forum to educate about partnerships underway
  - Encourage partnerships among sectors in the
    corridor
  - Groups show willingness to collaborate across
    county lines


                                                13
What we have learned from the
     collaborative partnership
• Maximize Resources to Communicate a Message
  ⁻ Leverage funds through other NMDCs
  ⁻ Explore joint advertising opportunities through
    national media outlets
  ⁻ Work in coordination with Michigan Economic
    Development Corp


                                                      14
What we have learned from the
   collaborative partnership
• Overcame longstanding barriers that existed
  previously because of political boundaries
  and/or silo mentalities
  - The corridor has built trust amongst a diverse
    membership
  - Intercommunication is key
  - Organizational structure promotes equal
    representation & leadership
                                                     15
Project News
• Pinnacle Foods expansion in Imlay City
  – 29 new jobs; 249 existing + 300 seasonal
  – Facility and equipment expansion
                        - $14.3 million investment
                        ⁻ Retention of legacy business




                                                     16
Project News
• Pinnacle Foods expansion in Imlay City
  – Next Michigan tax abatement support
     • 100% tax abatement on new personal property
     • Additional support from Imlay City and MEDC
  – Local, regional and state impact
     • Jobs, services, and raw materials




                                                     17
18
Conclusion
• Next Michigan Development Corp benefits
  – Showcases regional collaboration
  – Highlights region’s assets and business advantages
  – Delivers unique incentive options in participating
    municipalities
  – Focus on businesses in trade and transport sectors
  – Supports new investment and jobs


                                                         19
Contact Us
         Paul J. Brake
citymanager@citygrandblanc.com
        (810) 694-1118

        Justin Horvath
    jhorvath@sedpweb.org
        (989) 725-9241


                                 20

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I 69 international trade corridor nmdc overview pdf

  • 1. I-69 International Trade Corridor Discover the Business Advantage IEDC Leadership Summit – Orlando, FL January 28, 2013 By Paul J. Brake, CEcD City Manager, City of Grand Blanc Justin Horvath, CEcD President/CEO, Shiawassee Economic Development Partnership 1
  • 2. Introduction • 2010 Michigan legislation allows for up to five Next Michigan Development Corporations • Participants must be local municipal and county – parties to an Interlocal Agreement • Next Michigan Boards are authorized to grant project-based tax incentives to multi-modal businesses
  • 3. Our Next Michigan Board • Largest in Michigan with 35 municipal and county partners – Shiawassee, Genesee, Lapeer & St. Clair Counties
  • 4. About the Corridor • Our region services as a gateway between the Midwest US and Ontario, Canada
  • 6. Our Next Michigan Board • The NMDC is an independent self-governing entity, managed by a board with representatives from participating municipalities. – Revenues sources from member municipalities – Receives administrative support from Genesee Regional Chamber of Commerce and Prima Civitas Foundation 6
  • 7. Advantages of Next Michigan • Important new component of regional economic development efforts – Supports business – existing and new – Multi-modal focus encourages trade and transport – Unique incentives for qualified projects – Municipal collaboration across the region 7
  • 8. Supporting Investment & Jobs • Projects can be considered for Next Michigan support if… – Location is within participating municipality – Firm uses multiple modes of freight transportation – Project is growth, not in-state relocation • Businesses can access information through four county-wide economic development agencies 8
  • 9. Supporting Investment & Jobs • Next Michigan Development Corp incentives – 50% tax abatement on new real & personal property – 100% tax abatement on new personal property – Formation of tax-free Renaissance Zones is expected to be completed mid-2013 9
  • 10. Steps to Success • Form Renaissance Zone Districts ─ Identify & evaluate potential sites ─ NMDC selects sites based on advice of Economic Developers and MEDC ─ NMDC submits sites to Michigan Strategic Fund for approval 10
  • 11. Why become a Qualified Eligible Next Michigan Business ⁻ Certified as an eligible business gains opportunity for Renaissance Zone Tax Abatements ⁻ An Eligible Next Michigan Business is multimodal ⁻ Within a renaissance zone, a business may apply to NMDC for certification as a Qualified Eligible Next Michigan Business 11
  • 12. What we have learned from the collaborative partnership • The Corridor shares a common vision and mission of promoting economic prosperity ⁻ Target regional strategy on the existing and competitive advantages ⁻ Implementation framework that is result oriented, focused on aligning and leveraging resources 12
  • 13. What we have learned from the collaborative partnership • Engage stakeholders on a broader scale - Forum to educate about partnerships underway - Encourage partnerships among sectors in the corridor - Groups show willingness to collaborate across county lines 13
  • 14. What we have learned from the collaborative partnership • Maximize Resources to Communicate a Message ⁻ Leverage funds through other NMDCs ⁻ Explore joint advertising opportunities through national media outlets ⁻ Work in coordination with Michigan Economic Development Corp 14
  • 15. What we have learned from the collaborative partnership • Overcame longstanding barriers that existed previously because of political boundaries and/or silo mentalities - The corridor has built trust amongst a diverse membership - Intercommunication is key - Organizational structure promotes equal representation & leadership 15
  • 16. Project News • Pinnacle Foods expansion in Imlay City – 29 new jobs; 249 existing + 300 seasonal – Facility and equipment expansion - $14.3 million investment ⁻ Retention of legacy business 16
  • 17. Project News • Pinnacle Foods expansion in Imlay City – Next Michigan tax abatement support • 100% tax abatement on new personal property • Additional support from Imlay City and MEDC – Local, regional and state impact • Jobs, services, and raw materials 17
  • 18. 18
  • 19. Conclusion • Next Michigan Development Corp benefits – Showcases regional collaboration – Highlights region’s assets and business advantages – Delivers unique incentive options in participating municipalities – Focus on businesses in trade and transport sectors – Supports new investment and jobs 19
  • 20. Contact Us Paul J. Brake citymanager@citygrandblanc.com (810) 694-1118 Justin Horvath jhorvath@sedpweb.org (989) 725-9241 20