Tag: corporate expansion

Existing Business Growth Outpaces New Development for the First 8 Months This Year

The City of Edwardsville received $30,935,343 in new business/commercial permits for the first 8 months of 2019. This compares to $17,307,150 in new business/commercial permits from new development and companies entering the Edwardsville market for the first time.

 

These numbers are not usual, said, Walter Williams-Economic Development Director. “Existing business growth should account for 60 to 80% of new job growth and new investment.  Edwardsville provides an ideal location for business growth with our skilled workforce, robust transportation routes, and a stable community. Supporting business growth and development is a core economic development function that helps to diversify and strengthen our local economy.”

 

Arguably the biggest existing business growth belongs to Hershey.  Hershey added nearly 300,000 square feet onto the existing warehouse distribution facility in Edwardsville.  The 292,410-square-foot expansion increases the existing plant’s size from an original 1.1 million square feet to nearly 1.3 million square feet. The cost of this project is valued at $4,535,765.

 

Stillwater Senior Living is expanding from 46 living units and 40 employees to 80 units and add 32,000-square-feet by winter 2020. This addition will be built behind the current building.  The new addition will cost $5 million and add at least 20 new employees.

 

Donco will pump $2,155,000 into the local economy by building on an addition to its existing facility. Once completed Donco will hire an additional 50 employees.

 

Amazon is spending $1,900,000 in the Lakeview Commerce Center location retrofitting this facility to handle large item distribution (pianos, televisions).

 

Target is leading the way in sustainable operations and recognizes that meeting their energy needs through solar is good for the community and environment. The Edwardsville Target is spending $705,224 in solar panel to reduce their energy costs It is anticipated that their rooftop solar project will generate enough energy to offset between 15 and 40 percent of a property’s energy needs.

 

Smaller, locally owned businesses like McDonald’s, Kettle River, Cassens, Joe Pizza, Culvers also made sizeable investments into their current business operations.

 

We recognize that business is at the heart of our success as a city.  That’s why throughout the various city departments, we make every effort to make doing business in Edwardsville as attractive and trouble-free as possible. These new investments from existing businesses bode well for the future of the city’s employment opportunities and its continuing economic strength.  The proof is in our success, said Hal Patton-Mayor City of Edwardsville.

 

Edwardsville Breakfast shows city is on upward swing with business, real estate and parks growth

Edwardsville Mayor Hal Patton.

EDWARDSVILLE – Spirits were high Tuesday morning at the Edwardsville 2017 Business Forecast Breakfast at Wildey Theatre, reflecting on a sensational year in 2016 and a strong outlook ahead for this year.

Edwardsville Mayor Hal Patton started the meeting off on positive note about how 2016 was an incredible year for the city of Edwardsville and the area. Patton was followed by Madison County Chairman Kurt Prenzler and Cathy Hamilton of BARBERMurphy Group, the moderator.

Madison County Community Development Director Kristen Poshard provided insight to the 2017 prospects. Dr. Timothy Sullivan of SIUE then gave national and local economic outlook, Mike Hurley, of Balke Brown Transwestern did a presentation on the market analysis for Class A Office Space Outlook in Edwardsville. A Realtors’ Roundtable followed with questions and answers was positioned at the end of the breakfast.

Edwardsville Economic/Community Development Director Walt Williams organized the Business Forecast and was commended by Mayor Patton and the others for those efforts.

“We had a record year of job creation and investment in Downtown Edwardsville,” Patton said reflecting on 2016. “Business is trending up and we made a lot of progress with infrastructure improvements.”

Patton discussed the two spec buildings that were created in the Gateway Commerce Center, one housing the new Amazon distribution business. The mayor also mentioned First to the Finish and Prairie Farms locating headquarters in Edwardsville. He then explained other large projects – the new SIUE Fire Station construction, the new Public Safety Building on Main Street in Edwardsville and Madison County Mutual Insurance Company occupying two floors of the new Park Plaza in Downtown Edwardsville.

Patton said the various construction projects created thousands of jobs and over 1,300 permanent jobs, valued at $154 million to Edwardsville.

Madison County Community Development Director Kristen Poshard
Madison County Community Development Director Kristen Poshard

Poshard said the Gateway Commerce Center area is one of the hottest places to do business throughout the entire region and country. She said creating the logistics enterprise zone has generated a new tax base with transportation jobs and the future looks bright there and throughout Madison County with a changing workforce.

Patton’s final words summed up his prime mission since becoming mayor: “Edwardsville is a place where you can live, work and play” his emphasis during his administration.

J.K. Electric was named the Business of the Year honor at the annual breakfast.

Stories on J.K. Electric, and presentations by Sullivan and Hurley to come.

If you have a news, human interest or sports idea, e-mail Danbrannan@riverbender.com or call or text 618-623-5930. Follow Dan Brannan on Facebook and on Twitter.

Madison Mutual Insurance nears move to new five-story building on Park Street in Edwardsville

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EDWARDSVILLE – The new five-story Park Street Plaza building is already becoming a beautiful addition to Downtown Edwardsville while in its construction phases.

The structure will be the new home for Madison Mutual Insurance, the major occupant of the building with naming rights.

A Madison Mutual Insurance spokesperson provided some new news about the building late last week and said, “We will probably be moving to the new building the first week of February. That is the tentative date. We are all very excited about the move.”

The Madison Mutual Insurance move is dependent on the completion of construction work inside and outside the building. Park Street Plaza at 222 E. Park St. in Edwardsville is another property for Plocher Construction.

Edwardsville Economic Director Walt Williams has said another anchor occupant for the five-story building in downtown will be Flint Law Firm, now in Glen Carbon. The Flint Law Firm is a national operation that specializes in asbestos and mesothelioma cases.

The Madison Mutual spokesperson said the current offices for the company at 1 Mutual Court will be demolished shortly after the move is completed. The demolition of the old Madison Mutual Building will make room for a new Town Center shopping district that will go up after the demolition.

Madison Mutual Insurance’s offices will occupy the second and third floors of the new Park Street Plaza structure.

“The new building should be gorgeous,” Williams said. “It is a big project and it should be amazing.”

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Aldermen approve enterprise zone expansion Hurdle cleared for relocation of Prairie Farms headquarters

Posted: Monday, April 25, 2016 12:14 pm
By MATTHEW KAMP mkamp.edwi@gmail.com | 0 comments

The relocation of the Prairie Farms headquarters from Carlinville to Edwardsville took an important step Tuesday.
At the recent City Council meeting, Edwardsville aldermen approved the expansion of the enterprise zone to accommodate the move of Prairie Farms.

“Prairie Farms has expressed interest in moving to Edwardsville, and one of the prerequisites is having the enterprise zone available,” City Economic Development Director Walt Williams said.

The new $9 million, three-story headquarters would be located in the Edwardsville Corporate Center, located to the east of Interstate 55. Scott Credit Union and Hortica Insurance are currently located there.

Currently, the enterprise zone is 12-square acres with businesses taking up 5.5 to six acres. An additional six acres is being sought for the move.

“It’s a really small amount,” Williams said.
Once the move is complete, there will be the creation of 90 to 100 professional jobs, according to Williams.

Prairie Farms represents over 700 farm families and is one of the largest farmer-owned dairy cooperatives in the Midwest. Annual sales near $3 billion for the company that employs 5,700 and has 36 manufacturing plants.

Prairie Farms was founded in 1938.
Pontoon Beach and Madison County have already approved the resolutions for the expansion.

The project is estimated to take 18 months.

In other business, the aldermen approved a $6,000 tourism fund request for the upcoming Edwardsville Art Fair.
The Art Fair will take place Sept. 23-25 in City Park. If the weather is bad, it will be housed inside the Edwardsville High School gymnasium.

Last year, there were 68 artists, including several high schools, for the event. Iowa, Wisconsin, Kentucky, Michigan, Missouri and Illinois were all represented. There were 32 hotel room nights generated, according to the application.
Those numbers are expected to rise this year.

“They are expecting over 100 artists and more overnight stays,” Alderman Art Risavy said. “Based on those numbers and the expectations, we thought the additional amount was in line.”
The Edwardsville Art Fair was approved for a $5,000 tourism fund request last year.

Edwardsville seeks expansion of enterprise zone Expansion would house new headquarters for Prairie Farms Dairy

EDWARDSVILLE — The city is seeking an expansion of its enterprise zone to accommodate the planned construction of a new headquarters for Prairie Farms Dairy.

The Carlinville-based dairy cooperative plans to build a new, three-story 37,000 square-foot headquarters facility in Edwardsville’s corporate center, which sits along I-55 and Route 143. While the Carlinville headquarters will remain open, 90 employees will be relocated to the new facility, which will cost $9 million to construct.

The new construction is contingent on being included in the Gateway Commerce Center Enterprise Zone, which includes Pontoon Beach and parts of Madison County. Both Pontoon Beach and the county will have to pass ordinances approving the enterprise zone expansion.

The Edwardsville City Council moved the ordinance for second reading at its meeting Tuesday night. It can be approved at the next council meeting on April 19.

Businesses in government-defined enterprise zones benefit from incentives like property tax abatement, sales tax exemptions, tax credits and deductions, low-interest financing programs and training programs.

Prairie Farms reports annual sales of $3 billion and employs 5,700 individuals. Founded in 1938, it operates 36 manufacturing plants and more than 100 distribution facilities in the Midwest and South.

Hortica Insurance and Employee Benefits, a national insurance company, is also located in the city’s corporate center.

Reach reporter Kelsey Landis at 208-6460, Ext. 1396 or on Twitter @kelseylandis.