Presentation Transcript

1. Pearland EDC 2011 Chamber Presentation November 16, 2011
2. Overview PEDC Overview Economic Update Activity Update
3. PEDC Background ED Corporation Sales Tax Legislation passed in 1989 Voters approved half cent sales tax on January 1995 City Council approves by-laws, annual budget and program of work City Council appoints 7 member Board of Directors Five Staff Members Areas of focus include: Business Attraction and Retention, Marketing, Workforce Development, Infrastructure and Redevelopment
4. 2010 Annual Report
5. PEDC Board of Directors Chair - Charles D. Gooden, Jr. Vice Chair - Gary Idoux Secretary – Lucy Stevener Jim Burnett Brandon Dansby Mike O’Day Rushi Patel *Ex-Officio Members: Tom Reid, Pearland Mayor Bill Eisen, Pearland City Manager Carol Artz-Bucek, Pearland Chamber of Commerce President and CEO Matt Buchanan, PEDC President
6. Economic Update
7. Pearland Historical Population Pearland ranks 15th in the nation in population growth percentage from the 2000 – 2010 census among cities that had 10,000 people or more in 2000.
8. Houston MSA Largest Cities o o O ?L
9. Pearland Census Demographic Comparison: 2000 - 2010
10. Median HH Income 2009 At almost $86,000 annual income, Pearland is just slightly lower than The Woodlands ($87,670).
11. Historical Percentages of Residents by Educational Attainment Only 8.0% of Pearland residents do not have a high school diploma as compared to 14.5% for the U.S. as a whole.
12. Onset of the Recession 20 Largest US Metro Areas Chicago Baltimore Washington San Diego Riverside Boston San Francisco ’07 Philadelphia Miami Atlanta Dallas New York Seattle St. Louis Houston U.S. Los Angeles Minneapolis Detroit - May ’00 Source: U.S. Bureau of Labor Statistics Tampa – Sep’06
13. Total Jobs Lost
14. Depth of Recession % Jobs Lost During Recession Largest U.S. Metro Areas* * Excludes Detroit Source: U.S. Bureau of Labor Statistics
15. Length of Recession Source: U.S. Bureau of Labor Statistics
16. Jobs Recovered Through Aug ‘11 Source: Texas Workforce Commission
17. Houston Recovery Halfway Point 11,100 Jobs 9.2% 110,100 Jobs, 90.8% Source: Texas Employment Commission
18. Percent of Jobs Recovered Through Aug ’11Houston vs. Top Ten Metros Source: U.S. Bureau of Labor Statistics
19. Workforce 2011 Estimated Labor Force
20. Workforce 2011 Estimated Labor Force Comparison
21. Growth in Payroll Jobs for Zip Codes 77584 and 77581
22. City of Pearland Residential Permits 2000 – 2010 YTD As of September 30, 2011 Source: City of Pearland
23. City of Pearland Commercial Permits 2000 – 2010 YTD As of September 30, 2011 Source: City of Pearland
24. Pearland Taxable Sales History 2000 – 2010 YTD (Collected) As of October 2011 Source: Texas Comptroller
25. Texas' 50 Largest City Retail MarketsRanked By Annual Retail Sales Growth Rate 2004-2009 Pearland ranked first in the state of Texas among the top 50 retail markets in average annual retail sales growth from 2004 to 2009. From 2000 to 2008, Pearland’s annual sales tax revenues increased by over $14 million. That increase equates to an annual average compound growth rate of 14.7%. Source: 2010 Texas Retail Survey
26. Activity Update
27. Marketing: www.pearlandedc.com
28. Marketing: Demographics Profile
29. Workforce Support and expand the relationship between ACC and Texas State Technical College Texas Workforce Commission/Workforce Solutions Office
30. Redevelopment: Pearland Old Townsite Pearland Old Townsite, est. 1894 Business Coalition Formed in 2009 Grant Program Available Façade- Simms Automotive Ben Best Lawyer Signage/Construction Pearland Coffee Roasters Wyndowbox Florist Pearland Florist Los Brothers Plats Farmer’s Market Redevelopment Plan for South Grand Boulevard
31. Business Attraction and Retention: BizConnect Program
32. Business Attraction and Retention Corporate Headquarters 4-story, 170,000 square feet office building, 12.86 acre site Announcement 4th quarter 2011 750+ positions $15m+ new investment
33. Business Attraction and Retention SCR – Shadow Creek Parkway and Kirby Drive
34. Business Attraction and Retention
35. Business Attraction and Retention R & D/Medical device manufacturing facility 2-story, 118,000 square feet, 12 acre site 200+ positions $20M of new investment Groundbreaking October 24, 2011
36. Business Attraction and Retention
37. Business Attraction and Retention Timeline January 7 Referral from GHP January 10 Conference call with company and real estate consultant January 12 Proposal submitted March 22 Site visit March 28 Brief Board of Directors, Mayor and City Council April Applications for assistance, economic impact analysis and negotiations May Site under contract May 17 Predevelopment meeting with City May 20 Submittal of rezoning application May 23 Company meets with PEDC Board of Directors, Mayor, City Council and Harris County
38. Business Attraction and Retention Timeline (continued) June 6 Rezoning workshop June 13 Tax Abatement public hearing June 20 Rezoning public hearing June 30 PEDC approves loan agreement July 11 City Council approves tax abatement and loan agreements July 27 Predevelopment meeting with City August 2 Purchased site October 11 Harris County approves tax abatement October 12 Announcement October 24 Groundbreaking
39. Business Attraction and Retention

40. Thank you

    Matt Buchanan President 281-997-3002 mbuchanan@pearlandedc.com