northeast IndIana regIonal partnershIp NORTHEAST INDIANA ...
northeast Indiana partnership regional partnershiP annual report reporT 2008
LEADERSHIP LETTER Embarking on a mission to garner prominent awareness of the assets, workforce and opportunities found in our member counties, the Partnership rose to a new level with enhanced marketing campaigns, heightened collaboration among our local economic development partners and enthusiasm to improve the quality of our business attraction strategies.
The businesses highlighted throughout this annual report were all featured in the 2008 year-end success stories campaign.
Our business development team established personal relationships with influential and active site selectors bringing many new opportunities to compete for projects. Our regional communication efforts were directed toward stakeholders who can help deliver on the strategic plan. Increased collaboration was achieved through routine meetings with area commercial brokers and developers. Commissioner and mayor luncheons enhanced our communications with government partners. Teamwork with our region’s economic development professionals in marketing campaigns produced top-of-the-line results. With support from WorkOne Northeast, Indiana Michigan Power, NIPSCO, and the Northeast Indiana Foundation, local economic leaders now have access to ExecutivePulse, the nation’s leading business retention and expansion software. In addition, the Partnership’s benchmarking initiative began in earnest to advance the effectiveness of our efforts throughout the region. Northeast Indiana’s reach proved to be steadily increasing in 2008 and its story is being heard by more and more people; the right people. The Partnership team has worked to increase the region’s exposure through multifaceted efforts, including website improvements, targeted mailings, monthly e-newsletters and a new blog, launched in October, creating one more avenue to globally broadcast northeast Indiana’s assets. All of these efforts have been made possible and successful through the continuous support and participation of business and economic development leaders throughout the region. Working together to achieve the region’s goals, northeast Indiana is positioning itself in the path of economic prosperity and growth. Our work is far from done. In these uncertain economic times, it is more essential now than ever that the Partnership forges ahead with aggressive efforts to bring new investment to northeast Indiana. It will take steadfast commitment and tireless perseverance from all our stakeholders. As we close 2008, we offer our sincere thanks to our investors, board members, public officials and local economic development leaders. The progress we are witnessing within our region is validation that success has a home in northeast Indiana.
“We have a culture. Good people want to be around other good people.” Chuck Surack – CEO | Sweetwater Sound
Chuck Surack founded Sweetwater in 1979, selling keyboards out of the back of his VW van. Since, the company has grown into the fourth largest pro audio retailer in the world.
Jim Marcuccilli President & CEO STAR Financial Bank
Mike Packnett President & CEO Parkview Health
Chairman of the Board
Chairman of the Investor Board
business development 4 4* 8 12 14
iedc sales trips
lessons learned
iedc assisted projects
The Northeast Indiana Regional Partnership has completed a vigorous year, building relationships with key site selectors while
site selector visits here
gaining an heightened awareness of what they are looking for when evaluating locations. Site selection experts Matt Szuhaj
visits to site selectors NEIRP projects issued
* NEIRP started managing IEDC leads for the region in October 2008
and Darin Buelow of Deloitte Consulting, LLP and representatives from the Austin Consulting Group emphasized during their area visits the necessity to “be ready”—ready to connect, ready with data, ready with community partners, ready with available sites, ready to be resourceful, ready to be creative and ready to go.
site selectors GETTING TO KNOW US MEETINGS outside the region ATLANTA . CHICAGO . CLEVELAND DALLAS . DETROIT . INDIANAPOLIS PHOENIX . SAN FRANCISCO ST. LOUIS visits in the region atlanta . chicago . cleveland columbia . dallas . indianapolis san francisco
In 2008, our commitment to being ready and aggressive resulted in more projects and the initiation of even more vital relationships. Planning and preparation was the Partnership’s key to advancing opportunities as we networked with influential and active site selectors.
hours dedicated exclusively to business development in 2008
qualified contacts made with prospect companies
4,596 235
states the business development team traveled to for tradeshows & conferences
breakdown of project sources
5 6 16 visits 5-6 visits
”The work ethic of our team has catapulted our business.” Pete Eshelman
President & CEO | American Specialty
Founded by Pete Eshelman in the basement of his own home, American Specialty is one of the nation’s leading providers of insurance and risk management to the sports and entertainment industries.
3-4 visits 1-2 visits
Northeast indiana regional partnership | ANNUAL REPort 2008
3
Site Selection Consultants
tradeshows, conferences, and forums
other sources
3
MARKETING total website visits to chooseneindiana.com
Telling the Story
25,425
Northeast Indiana has a vast array of assets available for businesses to leverage. The corporate success stories that testify to their effectiveness are plentiful. The Partnership’s marketing team spent 2008 broadcasting this message, showcasing the region’s assets and placing detailed information at the fingertips of business leaders and site selectors. Four of northeast Indiana’s six target industries were condensed into concise sales sheets available
WEbsite traffic sources by type
on the web and in print. The Partnership’s new economic development blog, Northeast Indiana Pulse, was launched in October. NEIRP also completed its first annual mass marketing campaign in December, connecting with site selectors through a mailing of northeast Indiana products, information and
28%
copies of “Success Stories: 11 Counties, 11 Stories,” which was also made
DIRECT
49%
available online.
search engine
start date of economic development blog: northeast indiana pulse
23%
referred
Blog entries in 2008
37
oct 8
website traffic by month 3000 2250 1500 750
January
February
March
April
may
June
july
august
september
october
november
december
open rates for the northeast indiana leads e-newsletter by month
Plant Manager | Millennium Industries
december
august
july
june
april
Northeast indiana regional partnership | ANNUAL REPort 2008
30% 27% 25% november
25%
october
30%
14% march
february
Producing more than 2 million fuel rails and 1.5 million power steering components annually, Millennium Industries serves as North America’s leading tier-one supplier of fuel systems to the automotive industry.
JANUARY
23%
“The region’s low cost of business is incredible, especially compared to Michigan.” Jason Eytcheson
26%
25%
may
29%
september
36% 34%
Click-thrus to top story on e-newsletter
164 success stories pdf download
5
regional communications
northeast indiana foundation nif expenses in 2008
broker luncheon attendance
18% 28%
ship Investor Board, updates for city councils, county councils and boards of
other projects*
economic development organizations, broker luncheons with area real estate agents and luncheons with mayors and commissioners ensured that all of our economic development partners were updated on the organization’s goals,
8% ledo
activities and progress. The cultivating of these working relationships has created an integral network of economic development partners collaborating to maximize efforts to bring economic investment and opportunity to
“The area’s central location for distribution is a huge plus” Ed Snyder
hea 1001 - 32 rfi 101 - 19
22%
in 2008 allowing the Partnership to begin an initiative to bench-
target industry study business dynamics database
59
spring
pizza hut fort Wayne HQ
65
ExecutivePulse Business Retention Program, ultimately increasing regional support for the continued growth of existing business; and initiate a regional site certification program to increase the inventory of development-ready sites. Additionally, the Foundation supported four regional forums to educate area economic development partners on issues such as tax reform, basic economic development functions,
* Other Projects includes: VCR Project, Project Dry Run, Austin Group Consulting, IHIF Asset Mapping Project, and Industrial Park Survey
Attendance at the investor board meetings
mark regional functions against national best practices; acquire the
RFI development and community collaboration efforts.
dollar amounts of grants
fall
sweetwater sound
$10,000 LAGRANGE
$10,000 Wabash
$8,740 steuben
$5,000 huntington
dekalb
annual conference - 165 Ed 101 - 65
at-large
the region’s eleven counties received grant monies to increase their
$1,200
ATTENDANCE
6
Indiana’s economic development capacity. In 2008 a majority of
adams
forums
IN
economic growth. The NIF has significantly enhanced northeast
$2,000
ledo edc boards
AD
provide an avenue for charitable activities to help foster regional
operational effectiveness. NIF also approved three strategic grants
ort
5%
11
major investors
benchmarking lilly ENDOWMENT project strategic planning
supp
8%
Investor one-on-one meetings
Northeast Indiana Foundation. The Foundation was established to
ts
M
northeast Indiana.
33
8%
ledo
gran
f
june 18th
august 20th
June 2008 welcomed Mark Becker as Executive Director of the
essential component of organizational success. Meetings with the Partner-
on al
24 27
The Regional Partnership believes that effective communication is an
4% ACP/CAR & IHIForums 2% data support
March 19th
Nurturing Support
Regi
37
collaborative network
“This is a great home for us – the city, county and state all stand behind our ever-expanding business.”
Vice President Living Essentials
Dave Capkovitz
Living Essentials, the maker of 5-Hour Energy, has experienced phenomenal, consistent growth since opening its manufacturing and bottling facility in Wabash.
In 2004, Dave Capkovitz relocated his precision machining business to Angola from Coldwater, Michigan. Since then, he has more than tripled the size of his team, and is set to triple it again by 2010.
Owner C&K Tool
financials northeast indiana regional partnership
2008 NEIRP investments
statement of financial position Year ended December 31, 2008 (preliminary)
ASSETS Cash and Cash Equivalent
$923,544.33
Property and Equipment
$152,359.07
(2008 accumulated depreciation of $63,296.58)
Other Assets TOTAL ASSETS
public funding
50%
$24,573.11 $1,100,476.51
private funding
29%
foundation funding
LIABILITIES Current Liabilities
$32,177.51
Other Current Liabilities
$16,544.81
TOTAL LIABILITIES
21%
$48,722.32
EQUITY Unrestricted Net Assets
$147,143.18
Retained Earnings
$833,638.89
Net Income
2008 NEIRP CORE FUNCTION expenses
$70,972.12
TOTAL EQUITY
$1,051,754.19
TOTAL LIABILITIES AND EQUITY
$1,100,476.51
15%
7%
capacity building
regional communications
northeast indiana foundation statement of financial position Year ended December 31, 2008 (preliminary)
Cash and Cash Equivalent TOTAL ASSETS
$704,696.44
Business development
21%
ADMINISTRATION
ASSETS
32%
9%
16%
marketing
WEBSITE
$704,696.44
LIABILITIES Current Liabilities TOTAL LIABILITIES
$38,993.38 $38,993.38
EQUITY Opening Balance Equity
$680,086.96
Unrestricted Net Assets
($38,969.40)
Net Income
“Our key? A team that offers innovation through experience.” Joe Peters
VP of Programs | Ultra Electronics - USSI
As the industry leader in the design, development and production of ultra-advanced sonobuoys, USSI draws on the area’s rich, deep experience in the military and defense industries.
$24,585.50
TOTAL EQUITY
$665,703.06
TOTAL LIABILITIES AND EQUITY
$704,696.44
Northeast indiana regional partnership | ANNUAL REPort 2008
9
INVESTORS
board of directors OFFICERS Chairman of the Board James Marcuccilli STAR Financial Bank Vice Chairman of the Board Bob Taylor Do It Best Corp. Secretary Keith Busse Steel Dynamics, Inc. Treasurer Joe Pierce Farmers State Bank Chairman of the Investor Board Mike Packnett Parkview Health Systems Past Chair Timothy J. Haffner Baker & Daniels President/CEO John Sampson Northeast Indiana Regional Partnership
BOARD OF DIRECTORS
ADVISORY BOARD
Mark Becker City of Fort Wayne
Jill P. Korte AEP - Indiana Michigan Power Company - Dist.
Gene A. Donaghy Northeastern REMC
Andrew Briggs Bank of Geneva
Mayo Sanders Steuben County Commissioner
Kirk C. Kemmish Northeast Indiana Corporate Council
Bill Brown Allen County Commissioner
Mayor Wayne Seybold City of Marion
Tom Leedy Dekko Foundation, Inc.
Jim Cook JPMorgan Chase
Rick Sherck Noble County Economic Development Corp.
Mark Royse Allen Co. Dept. of Planning Services
Mayor Norm E. Yoder City of Auburn
John Stafford Community Research Institute Indiana University-Purdue University Fort Wayne
Mayor Ted Ellis City of Bluffton Steve Ford Ford Meter Box Scott Glaze Fort Wayne Metals Research Products Corp. Jerry Helvie Huntington County Commissioner Bill Konyha Economic Development Group of Wabash County
Rob Young Fort Wayne-Allen County Economic Development Alliance
EX-OFFICIO BOARD MEMBERS Kathleen Randolph WorkOne Northeast Brook Steed Indiana Economic Development Corp.
Andrew J. Welborn Whitley Manufacturing
HONORARY BOARD MEMBERS Maclyn T. Parker Baker & Daniels
Thomas Rethlake Whitley County Commissioner
Assistant Treasurer Katy Silliman Operations Manager/NEIRP
number of voting board members
twenty one
Platinum Division Investors
Small Business Division Investors
Do It Best Corp. Independent Alliance of Banks Indiana Michigan Power JPMorgan Chase Lutheran Health Network/Triad Parkview Health Systems Pizza Hut of Fort Wayne STAR Financial Bank Steel Dynamics, Inc. Tower Bank Verizon Wells Fargo Bank N.A.
Accountable Solutions, Inc. Better Business Bureau BND Commercial Briner Building, Inc. Commercial Filter Service, Inc. Current Mechanical Custom Coating, Inc. Don R. Fruchey, Inc. Duke Energy Glenbrook Dodge Hyundai J.O. Mory, Inc. Ligonier Telephone Co., Inc. Lupke Rice Insurance & Financial Services marketshare+ incorporated Master Consultants, L.P. Michael Kinder & Sons MSKTD & Associates Price’s Laundry, Inc. Rea Magnet Wire Richard K. Brooks & Associates S&H Metal Products, Inc. Sperry Van Ness Thumbs Up Glove and Safety Inc. Wells Business Development The Zacher Co.
Gold Division Investors Baker & Daniels Equity Investment Group Farmers State Bank Fort Wayne Metals Hylant Group Lake City Bank NEI Touchstone Energy Cooperatives Time Services Vera Bradley Designs
Silver Division Investors Brooks Construction Building Contractors Association Community State Bank Harbor Investments III, LLC Mike Thomas & Associates NAI Harding Dahm NE IN Construction Advancement Foundation People’s Federal Savings Bank Shindigz
Foundation Support Dekko Foundation (Platinum) English-Bonter-Mitchell Foundation (Platinum) Lincoln Foundation (Platinum) NIPSCO (Gold) Olive B. Cole Foundation (Platinum) Steel Dynamics Fund/Community Foundation of Greater Fort Wayne (Silver) Verizon Foundation
voting board member BREAKDOWN BY SECTOr
Public Support
Number of investors by investor type
10%
16%
FOUNDATIONS
platinum
16%
public support
12% gold
12%
34%
silver
small business
investment breakdown by investor type
Adams County Allen County City of Fort Wayne DeKalb County Grant County Huntington County LaGrange County Noble County Steuben County Wabash County Wells County Whitley County
29%
FOUNDATIONS
40%
PLATINUM
21%
PUBLIC SUPPORT
9% 2% GOLD
Number of investors
48% 52% PUBLIC
PRIVATE
74
board member with perfect attendance
RICK SHERCK
SILVER
1%
SMALL BUSINESS
total investment in 2008
$1,585,112 Northeast indiana regional partnership | ANNUAL REPort 2008
11
NEIRP TEAM John Sampson
mark becker
John strategically directs the Partnership’s mission to generate business investment in the region through supporting collaborative relations with stakeholders, encouraging regional communications and expanding all channels of business development.
Mark champions regional economic development capacity building through the work of the Northeast Indiana Foundation in providing financial support for growth-oriented initiatives.
dean barber
Dale buuck
President & CEO
vp business development
Dale serves as a point of contact at the Partnership by providing information to inquiring consultants or client companies looking to expand or build in northeast Indiana.
katy silliman
Erica mccutchan
Katy oversees the Partnership’s marketing initiatives, finance and office administration, supports the business development team and fosters relations with the Partnership’s board members and investors.
Erica optimizes northeast Indiana’s message of success and extends the region’s range of impact through a wide array of web marketing and print materials.
vanessa kuhn
carrie hursh
Vanessa brings northeast Indiana together and supports regional collaboration through the coordination of events, educational forums and regional communications.
Carrie keeps the Partnership running smoothly by processing Partnership financials and acting as administrative coordinator for the Northeast Indiana Foundation.
sin
EB W C Bu apa ildi ci t n y g
r to s es n Inv atio l Re
Northeast Indiana Foundation
regional communicatio n
evelopme nt
eight
A
Bu
marketing manager
office administrator
sD
Number of full-time neirp team members
M
G ETIN RK
es
15,151
project coordinator
BREAKDOWN OF HOURS
project manager
Dean attends conferences and tradeshows on behalf of northeast Indiana, interacting with site selectors and connecting the region with quality businesses and clients who can best utilize northeast Indiana’s assets.
operations manager
Number of hours worked by the NEiRP Team
executive director | nif
stasha dirrim
marketing associate Stasha advances northeast Indiana’s message through assisting with public relations campaigns as well as managing the Partnership’s blog and distributing NEIRP’s two monthly e-newsletters.
Northeast indiana regional partnership | ANNUAL REPort 2008
13
ELEVEN ONE counties
80 90 80
Shipshewana
69
Lagrange
20
20
LAGR ANGE
90
Angola
STEUB EN
PARTNERSHIP
DEKA LB
Kendallville 6
NOBL E
COUNTIES
Garrett
Auburn
33
adams allen
69
dekalb
30 33
469
Columbia City
30
WHIT LEY
lagrange
27 33
noble
69
24
WABA SH
steuben
24
Decatur
224
24
Wabash
30
ALLEN
469
Huntington
huntington
New Haven
North Manchester
grant
24
Fort Wayne
224
HUNT INGTO N
33
Bluffton
ADAM S 27
WELL S
Berne
wabash wells whitley
69
Marion
Gas City 35
GRAN T
NORTHEAST INDIANA REGIONAL PARTNERSHIP 300 E. MAIN STREET SUITE 210 FORT WAYNE, IN 46802 TOLL FREE: 877 469-3469 FAX: 260 469-3470
www.chooseneindiana.com
LEADERSHIP LETTER Embarking on a mission to garner prominent awareness of the assets, workforce and opportunities found in our member counties, the Partnership rose to a new level with enhanced marketing campaigns, heightened collaboration among our local economic development partners and enthusiasm to improve the quality of our business attraction strategies.
The businesses highlighted throughout this annual report were all featured in the 2008 year-end success stories campaign.
Our business development team established personal relationships with influential and active site selectors bringing many new opportunities to compete for projects. Our regional communication efforts were directed toward stakeholders who can help deliver on the strategic plan. Increased collaboration was achieved through routine meetings with area commercial brokers and developers. Commissioner and mayor luncheons enhanced our communications with government partners. Teamwork with our region’s economic development professionals in marketing campaigns produced top-of-the-line results. With support from WorkOne Northeast, Indiana Michigan Power, NIPSCO, and the Northeast Indiana Foundation, local economic leaders now have access to ExecutivePulse, the nation’s leading business retention and expansion software. In addition, the Partnership’s benchmarking initiative began in earnest to advance the effectiveness of our efforts throughout the region. Northeast Indiana’s reach proved to be steadily increasing in 2008 and its story is being heard by more and more people; the right people. The Partnership team has worked to increase the region’s exposure through multifaceted efforts, including website improvements, targeted mailings, monthly e-newsletters and a new blog, launched in October, creating one more avenue to globally broadcast northeast Indiana’s assets. All of these efforts have been made possible and successful through the continuous support and participation of business and economic development leaders throughout the region. Working together to achieve the region’s goals, northeast Indiana is positioning itself in the path of economic prosperity and growth. Our work is far from done. In these uncertain economic times, it is more essential now than ever that the Partnership forges ahead with aggressive efforts to bring new investment to northeast Indiana. It will take steadfast commitment and tireless perseverance from all our stakeholders. As we close 2008, we offer our sincere thanks to our investors, board members, public officials and local economic development leaders. The progress we are witnessing within our region is validation that success has a home in northeast Indiana.
“We have a culture. Good people want to be around other good people.” Chuck Surack – CEO | Sweetwater Sound
Chuck Surack founded Sweetwater in 1979, selling keyboards out of the back of his VW van. Since, the company has grown into the fourth largest pro audio retailer in the world.
Jim Marcuccilli President & CEO STAR Financial Bank
Mike Packnett President & CEO Parkview Health
Chairman of the Board
Chairman of the Investor Board
business development 4 4* 8 12 14
iedc sales trips
lessons learned
iedc assisted projects
The Northeast Indiana Regional Partnership has completed a vigorous year, building relationships with key site selectors while
site selector visits here
gaining an heightened awareness of what they are looking for when evaluating locations. Site selection experts Matt Szuhaj
visits to site selectors NEIRP projects issued
* NEIRP started managing IEDC leads for the region in October 2008
and Darin Buelow of Deloitte Consulting, LLP and representatives from the Austin Consulting Group emphasized during their area visits the necessity to “be ready”—ready to connect, ready with data, ready with community partners, ready with available sites, ready to be resourceful, ready to be creative and ready to go.
site selectors GETTING TO KNOW US MEETINGS outside the region ATLANTA . CHICAGO . CLEVELAND DALLAS . DETROIT . INDIANAPOLIS PHOENIX . SAN FRANCISCO ST. LOUIS visits in the region atlanta . chicago . cleveland columbia . dallas . indianapolis san francisco
In 2008, our commitment to being ready and aggressive resulted in more projects and the initiation of even more vital relationships. Planning and preparation was the Partnership’s key to advancing opportunities as we networked with influential and active site selectors.
hours dedicated exclusively to business development in 2008
qualified contacts made with prospect companies
4,596 235
states the business development team traveled to for tradeshows & conferences
breakdown of project sources
5 6 16 visits 5-6 visits
”The work ethic of our team has catapulted our business.” Pete Eshelman
President & CEO | American Specialty
Founded by Pete Eshelman in the basement of his own home, American Specialty is one of the nation’s leading providers of insurance and risk management to the sports and entertainment industries.
3-4 visits 1-2 visits
Northeast indiana regional partnership | ANNUAL REPort 2008
3
Site Selection Consultants
tradeshows, conferences, and forums
other sources
3
MARKETING total website visits to chooseneindiana.com
Telling the Story
25,425
Northeast Indiana has a vast array of assets available for businesses to leverage. The corporate success stories that testify to their effectiveness are plentiful. The Partnership’s marketing team spent 2008 broadcasting this message, showcasing the region’s assets and placing detailed information at the fingertips of business leaders and site selectors. Four of northeast Indiana’s six target industries were condensed into concise sales sheets available
WEbsite traffic sources by type
on the web and in print. The Partnership’s new economic development blog, Northeast Indiana Pulse, was launched in October. NEIRP also completed its first annual mass marketing campaign in December, connecting with site selectors through a mailing of northeast Indiana products, information and
28%
copies of “Success Stories: 11 Counties, 11 Stories,” which was also made
DIRECT
49%
available online.
search engine
start date of economic development blog: northeast indiana pulse
23%
referred
Blog entries in 2008
37
oct 8
website traffic by month 3000 2250 1500 750
January
February
March
April
may
June
july
august
september
october
november
december
open rates for the northeast indiana leads e-newsletter by month
Plant Manager | Millennium Industries
december
august
july
june
april
Northeast indiana regional partnership | ANNUAL REPort 2008
30% 27% 25% november
25%
october
30%
14% march
february
Producing more than 2 million fuel rails and 1.5 million power steering components annually, Millennium Industries serves as North America’s leading tier-one supplier of fuel systems to the automotive industry.
JANUARY
23%
“The region’s low cost of business is incredible, especially compared to Michigan.” Jason Eytcheson
26%
25%
may
29%
september
36% 34%
Click-thrus to top story on e-newsletter
164 success stories pdf download
5
regional communications
northeast indiana foundation nif expenses in 2008
broker luncheon attendance
18% 28%
ship Investor Board, updates for city councils, county councils and boards of
other projects*
economic development organizations, broker luncheons with area real estate agents and luncheons with mayors and commissioners ensured that all of our economic development partners were updated on the organization’s goals,
8% ledo
activities and progress. The cultivating of these working relationships has created an integral network of economic development partners collaborating to maximize efforts to bring economic investment and opportunity to
“The area’s central location for distribution is a huge plus” Ed Snyder
hea 1001 - 32 rfi 101 - 19
22%
in 2008 allowing the Partnership to begin an initiative to bench-
target industry study business dynamics database
59
spring
pizza hut fort Wayne HQ
65
ExecutivePulse Business Retention Program, ultimately increasing regional support for the continued growth of existing business; and initiate a regional site certification program to increase the inventory of development-ready sites. Additionally, the Foundation supported four regional forums to educate area economic development partners on issues such as tax reform, basic economic development functions,
* Other Projects includes: VCR Project, Project Dry Run, Austin Group Consulting, IHIF Asset Mapping Project, and Industrial Park Survey
Attendance at the investor board meetings
mark regional functions against national best practices; acquire the
RFI development and community collaboration efforts.
dollar amounts of grants
fall
sweetwater sound
$10,000 LAGRANGE
$10,000 Wabash
$8,740 steuben
$5,000 huntington
dekalb
annual conference - 165 Ed 101 - 65
at-large
the region’s eleven counties received grant monies to increase their
$1,200
ATTENDANCE
6
Indiana’s economic development capacity. In 2008 a majority of
adams
forums
IN
economic growth. The NIF has significantly enhanced northeast
$2,000
ledo edc boards
AD
provide an avenue for charitable activities to help foster regional
operational effectiveness. NIF also approved three strategic grants
ort
5%
11
major investors
benchmarking lilly ENDOWMENT project strategic planning
supp
8%
Investor one-on-one meetings
Northeast Indiana Foundation. The Foundation was established to
ts
M
northeast Indiana.
33
8%
ledo
gran
f
june 18th
august 20th
June 2008 welcomed Mark Becker as Executive Director of the
essential component of organizational success. Meetings with the Partner-
on al
24 27
The Regional Partnership believes that effective communication is an
4% ACP/CAR & IHIForums 2% data support
March 19th
Nurturing Support
Regi
37
collaborative network
“This is a great home for us – the city, county and state all stand behind our ever-expanding business.”
Vice President Living Essentials
Dave Capkovitz
Living Essentials, the maker of 5-Hour Energy, has experienced phenomenal, consistent growth since opening its manufacturing and bottling facility in Wabash.
In 2004, Dave Capkovitz relocated his precision machining business to Angola from Coldwater, Michigan. Since then, he has more than tripled the size of his team, and is set to triple it again by 2010.
Owner C&K Tool
financials northeast indiana regional partnership
2008 NEIRP investments
statement of financial position Year ended December 31, 2008 (preliminary)
ASSETS Cash and Cash Equivalent
$923,544.33
Property and Equipment
$152,359.07
(2008 accumulated depreciation of $63,296.58)
Other Assets TOTAL ASSETS
public funding
50%
$24,573.11 $1,100,476.51
private funding
29%
foundation funding
LIABILITIES Current Liabilities
$32,177.51
Other Current Liabilities
$16,544.81
TOTAL LIABILITIES
21%
$48,722.32
EQUITY Unrestricted Net Assets
$147,143.18
Retained Earnings
$833,638.89
Net Income
2008 NEIRP CORE FUNCTION expenses
$70,972.12
TOTAL EQUITY
$1,051,754.19
TOTAL LIABILITIES AND EQUITY
$1,100,476.51
15%
7%
capacity building
regional communications
northeast indiana foundation statement of financial position Year ended December 31, 2008 (preliminary)
Cash and Cash Equivalent TOTAL ASSETS
$704,696.44
Business development
21%
ADMINISTRATION
ASSETS
32%
9%
16%
marketing
WEBSITE
$704,696.44
LIABILITIES Current Liabilities TOTAL LIABILITIES
$38,993.38 $38,993.38
EQUITY Opening Balance Equity
$680,086.96
Unrestricted Net Assets
($38,969.40)
Net Income
“Our key? A team that offers innovation through experience.” Joe Peters
VP of Programs | Ultra Electronics - USSI
As the industry leader in the design, development and production of ultra-advanced sonobuoys, USSI draws on the area’s rich, deep experience in the military and defense industries.
$24,585.50
TOTAL EQUITY
$665,703.06
TOTAL LIABILITIES AND EQUITY
$704,696.44
Northeast indiana regional partnership | ANNUAL REPort 2008
9
INVESTORS
board of directors OFFICERS Chairman of the Board James Marcuccilli STAR Financial Bank Vice Chairman of the Board Bob Taylor Do It Best Corp. Secretary Keith Busse Steel Dynamics, Inc. Treasurer Joe Pierce Farmers State Bank Chairman of the Investor Board Mike Packnett Parkview Health Systems Past Chair Timothy J. Haffner Baker & Daniels President/CEO John Sampson Northeast Indiana Regional Partnership
BOARD OF DIRECTORS
ADVISORY BOARD
Mark Becker City of Fort Wayne
Jill P. Korte AEP - Indiana Michigan Power Company - Dist.
Gene A. Donaghy Northeastern REMC
Andrew Briggs Bank of Geneva
Mayo Sanders Steuben County Commissioner
Kirk C. Kemmish Northeast Indiana Corporate Council
Bill Brown Allen County Commissioner
Mayor Wayne Seybold City of Marion
Tom Leedy Dekko Foundation, Inc.
Jim Cook JPMorgan Chase
Rick Sherck Noble County Economic Development Corp.
Mark Royse Allen Co. Dept. of Planning Services
Mayor Norm E. Yoder City of Auburn
John Stafford Community Research Institute Indiana University-Purdue University Fort Wayne
Mayor Ted Ellis City of Bluffton Steve Ford Ford Meter Box Scott Glaze Fort Wayne Metals Research Products Corp. Jerry Helvie Huntington County Commissioner Bill Konyha Economic Development Group of Wabash County
Rob Young Fort Wayne-Allen County Economic Development Alliance
EX-OFFICIO BOARD MEMBERS Kathleen Randolph WorkOne Northeast Brook Steed Indiana Economic Development Corp.
Andrew J. Welborn Whitley Manufacturing
HONORARY BOARD MEMBERS Maclyn T. Parker Baker & Daniels
Thomas Rethlake Whitley County Commissioner
Assistant Treasurer Katy Silliman Operations Manager/NEIRP
number of voting board members
twenty one
Platinum Division Investors
Small Business Division Investors
Do It Best Corp. Independent Alliance of Banks Indiana Michigan Power JPMorgan Chase Lutheran Health Network/Triad Parkview Health Systems Pizza Hut of Fort Wayne STAR Financial Bank Steel Dynamics, Inc. Tower Bank Verizon Wells Fargo Bank N.A.
Accountable Solutions, Inc. Better Business Bureau BND Commercial Briner Building, Inc. Commercial Filter Service, Inc. Current Mechanical Custom Coating, Inc. Don R. Fruchey, Inc. Duke Energy Glenbrook Dodge Hyundai J.O. Mory, Inc. Ligonier Telephone Co., Inc. Lupke Rice Insurance & Financial Services marketshare+ incorporated Master Consultants, L.P. Michael Kinder & Sons MSKTD & Associates Price’s Laundry, Inc. Rea Magnet Wire Richard K. Brooks & Associates S&H Metal Products, Inc. Sperry Van Ness Thumbs Up Glove and Safety Inc. Wells Business Development The Zacher Co.
Gold Division Investors Baker & Daniels Equity Investment Group Farmers State Bank Fort Wayne Metals Hylant Group Lake City Bank NEI Touchstone Energy Cooperatives Time Services Vera Bradley Designs
Silver Division Investors Brooks Construction Building Contractors Association Community State Bank Harbor Investments III, LLC Mike Thomas & Associates NAI Harding Dahm NE IN Construction Advancement Foundation People’s Federal Savings Bank Shindigz
Foundation Support Dekko Foundation (Platinum) English-Bonter-Mitchell Foundation (Platinum) Lincoln Foundation (Platinum) NIPSCO (Gold) Olive B. Cole Foundation (Platinum) Steel Dynamics Fund/Community Foundation of Greater Fort Wayne (Silver) Verizon Foundation
voting board member BREAKDOWN BY SECTOr
Public Support
Number of investors by investor type
10%
16%
FOUNDATIONS
platinum
16%
public support
12% gold
12%
34%
silver
small business
investment breakdown by investor type
Adams County Allen County City of Fort Wayne DeKalb County Grant County Huntington County LaGrange County Noble County Steuben County Wabash County Wells County Whitley County
29%
FOUNDATIONS
40%
PLATINUM
21%
PUBLIC SUPPORT
9% 2% GOLD
Number of investors
48% 52% PUBLIC
PRIVATE
74
board member with perfect attendance
RICK SHERCK
SILVER
1%
SMALL BUSINESS
total investment in 2008
$1,585,112 Northeast indiana regional partnership | ANNUAL REPort 2008
11
NEIRP TEAM John Sampson
mark becker
John strategically directs the Partnership’s mission to generate business investment in the region through supporting collaborative relations with stakeholders, encouraging regional communications and expanding all channels of business development.
Mark champions regional economic development capacity building through the work of the Northeast Indiana Foundation in providing financial support for growth-oriented initiatives.
dean barber
Dale buuck
President & CEO
vp business development
Dale serves as a point of contact at the Partnership by providing information to inquiring consultants or client companies looking to expand or build in northeast Indiana.
katy silliman
Erica mccutchan
Katy oversees the Partnership’s marketing initiatives, finance and office administration, supports the business development team and fosters relations with the Partnership’s board members and investors.
Erica optimizes northeast Indiana’s message of success and extends the region’s range of impact through a wide array of web marketing and print materials.
vanessa kuhn
carrie hursh
Vanessa brings northeast Indiana together and supports regional collaboration through the coordination of events, educational forums and regional communications.
Carrie keeps the Partnership running smoothly by processing Partnership financials and acting as administrative coordinator for the Northeast Indiana Foundation.
sin
EB W C Bu apa ildi ci t n y g
r to s es n Inv atio l Re
Northeast Indiana Foundation
regional communicatio n
evelopme nt
eight
A
Bu
marketing manager
office administrator
sD
Number of full-time neirp team members
M
G ETIN RK
es
15,151
project coordinator
BREAKDOWN OF HOURS
project manager
Dean attends conferences and tradeshows on behalf of northeast Indiana, interacting with site selectors and connecting the region with quality businesses and clients who can best utilize northeast Indiana’s assets.
operations manager
Number of hours worked by the NEiRP Team
executive director | nif
stasha dirrim
marketing associate Stasha advances northeast Indiana’s message through assisting with public relations campaigns as well as managing the Partnership’s blog and distributing NEIRP’s two monthly e-newsletters.
Northeast indiana regional partnership | ANNUAL REPort 2008
13
ELEVEN ONE counties
80 90 80
Shipshewana
69
Lagrange
20
20
LAGR ANGE
90
Angola
STEUB EN
PARTNERSHIP
DEKA LB
Kendallville 6
NOBL E
COUNTIES
Garrett
Auburn
33
adams allen
69
dekalb
30 33
469
Columbia City
30
WHIT LEY
lagrange
27 33
noble
69
24
WABA SH
steuben
24
Decatur
224
24
Wabash
30
ALLEN
469
Huntington
huntington
New Haven
North Manchester
grant
24
Fort Wayne
224
HUNT INGTO N
33
Bluffton
ADAM S 27
WELL S
Berne
wabash wells whitley
69
Marion
Gas City 35
GRAN T
NORTHEAST INDIANA REGIONAL PARTNERSHIP 300 E. MAIN STREET SUITE 210 FORT WAYNE, IN 46802 TOLL FREE: 877 469-3469 FAX: 260 469-3470
www.chooseneindiana.com
