Economic Development Committee

COLUMBIA ECONOMIC DEVELOPMENT COMMITTEE MEETING AGENDA TUESDAY, NOVEMBER 8, 2022 The Columbia Economic Development Committee will conduct a meeting on Tuesday, November 8, 2022 at 1:00 p.m. at City Hall (Mayor's Conference Room), 1737 Main Street, Columbia, South Carolina 29201. Members of the public may view the meeting online at www.columbiasc.gov. Please contact the City Clerk’s Office at (803)545-3045 or cityclerk@columbiasc.gov if you have questions regarding the meeting. The Honorable Joe E. Taylor, Jr., Chair The Honorable William Brennan, District III  The Honorable Tina N. Herbert, District I Prior to entering the meeting please turn all electronic communication devices to the silent, vibrate or off position. All presenters are asked to speak directly into the microphone for recording purposes. CALL TO ORDER COMMITTEE DISCUSSION 1. Review of Economic Development Partners 2. Creation of a 5-Year Real Estate Plan 3. Update on Positions for the Economic Development Office 4. Establishing Quarterly Reporting Based on the Measures within the 2022 Economic Development Plan EXECUTIVE SESSION 5. Discussion of matters relating to the proposed location, expansion, or provision of services encouraging location or expansion of industries or other businesses in the area served by the public body pursuant to §30-4-70(a)(5) GSM of North Main/Peak Drift Beverages Golden Eagle 2222 Main View Apartments 6. Discussion of negotiations incident to proposed contractual arrangements pursuant to S.C. Code §30-4-70(a)(2) 1225 Laurel Street ADJOURNMENT Page 1 of 1  1 MEETING DATE: November 8, 2022 DEPARTMENT: City Clerk FROM: Erika Hammond, City Clerk SUBJECT: Review of Economic Development Partners FUNDING SOURCE & ORIGINAL BUDGET: ATTACHMENTS:  #a: Deliverable Spreadsheet - ED Committee (PDF) Updated: 11/4/2022 3:34 PM Page 1 Packet Pg. 2  1.a Partner Deliverables - FY 2021/2022 Partner Deliverables Annual Cost Collaborate with Experience Columbia SC on the installation and use of four new digital kiosks on Main Street Continue ongoing efforts to strategically recruit and position retail merchants Continue ongoing marketing to suburbs within 40 miles of downtown Columbia Continue to work to create a welcoming feeling to our downtown, one that is clean, safe and beautiful. Continue to include a sense of culture, place and history as a part of all the things to do City Center Partnership Continue to encourage implementation of connectivity recommendations for pedestrian, bicycling, vehicular and public transportation Continue to maintain street lighting in the BID Gather data and publish State of Downtown Report to show the impact of the BID over time Continue collaborative partnership to address/support the homeless effort in the BID Continue to encourage increased collaboration and a shared vision among all stakeholders City Center Partnership Total (government payment made in lieu of a standard BID allocation on taxed property) $70,000 Expand mentoring programs for high growth potential (250K+ revenue per year) companies in Columbia, SC Assistance with ecosystem development, working to identify, engage and recruit new companies into the GrowCo community and Columbia ecosystem. 12 new companies GrowCo Promotion - Raising visibility and sharing success stories for Columbia’s entrepreneurs Access to Capital - Expanding access to capital for promising founders and their companies through pipeline development, programming/ education and referrals to qualified and founder-friendly sources of capital. GrowCo Total $37,500 Coordinate in-person and virtual recruitment opportunities with the City to seek corporate partners for the park and next stage, entrepreneurial partners for the Accelerator Midlands Technical College Marketing cost to recruit corporate partners for the park and recruit next stage, entrepreneurial partners for the Accelerator Escalate entrepreneurship through growth of the MTC Accelerator Midlands Technical College Total $10,000 Packet Pg. 3  1.a On demand research and mapping support, with access to several different data subscriptions including ESRI, JobsPlus, ROI Gazelle, and other tools. Assistance with providing informationa nd responses to prospects, mapping for properties and amenities, photography, aerial drone footage, cost of doing business comparisons, labor profiles, demographics, social data, and business intelligence. Custom marketing support to include website promotion via a dedicated page to City of Columbia, and a wide variety of marketing collateral with prominently highlights the City. Available property promotions on the Central SC website, with ability to promote City properties of interest, share flyers, and pull labor reports on the fly. Site photos and some video are available for download as well. Central news page features updates, key City employers, and quality of life information. A $5000 marketing grant is available to local developers to assist with collateral development of their choosing. Hosting of startcentralsc.org, a new talent recruitment and job hosting site focused on connecting prospective employees with job and internship opportunities and promoting quality of life in the Midlands Marketing support to quality of life and workforce related videos, access to Richland County videos and assets, aerial Central SC videos of City properties (MTC Enterprise Campus and BullStreet), access to Central SC photo libraries for use in City collateral, testimonial videos from local business leaders. Development of custom marketing materials for ads, travel missions, sales publications (executive summary, brochures, etc...). Industry specific marketing materials, and translation assistance for presentations and brochures as needed. Digital marketing assistance including eblasts to site consultants and companies highlighting available properties, and social media promotion including highlights, new rankings, positive media and PR, cross posting, and news features. Local lead generation support to engage with businesses and industry sectors of interest for local developers, with the City prominently displayed on virtual calls. Support with business recruitment trips and events, including mission planning and execution custom City/County generated trips, funding support when traveling on behalf of Central SC Alliance (all trip costs covered with exception of flights). Prospect visit support including property and community tours, lunches, dinners, etc… Support and sponsorship for local events (i.e. Growth Summit sponsorship), assistance with connections to local suppliers/vendors, and help with local company and labor interviews. - Event assistance and monetary support, Incentive negotiation assistance, connections to potential suppliers and vendors, company and labor interviews CentralSC Total Membership $72,000 Packet Pg. 4  1.a Build international network of cities around universities focusing on Education, Landing Pad, IT, AI, Digital Economy & and Biotech/Life Sciences Explore UK partnership for Economic Development (Liverpool and Essex) Identify 8 business leads for Columbia Coordinate actual or virtual spring mission trip specific to landing pad opportunities, IT and Innovation Cluster Columbia World Affairs Development Council Underwrite intern for CED to coordinate CWAC activities Execute Global Vision Awards Gala Cover City’s payment in Sister City International Schedule and host at least one call or video conference per month with Columbia’s sister city partners and/or related business prospects Columbia World Affairs Total $30,000 Council Summit on Diversity in IT – 1 Day Conference Lunch and Learns: Provide quarterly lunch and learn interactive workshops designed to attract under-represented IT-ology populations to the IT Field. Diverse IT Speaker Series: Produce 2 Podcasts Diverse IT Career Fair – Spring 2022 IT-ology Total $10,000 USC Incubator Management of 43 incubator companies with an earned total of $21 million in revenue USC Incubator Total $25,000 Columbia Chamber of Commerce Local military support and support with regards to BRAC discussions Columbia Chamber of Commerce Total (not funded directly out of Economic Development budget) $53,500 Total $308,000 Packet Pg. 5  2 MEETING DATE: November 8, 2022 DEPARTMENT: City Clerk FROM: Erika Hammond, City Clerk SUBJECT: Creation of a 5-Year Real Estate Plan FUNDING SOURCE & ORIGINAL BUDGET: Updated: 11/4/2022 3:04 PM Page 1 Packet Pg. 6  3 MEETING DATE: November 8, 2022 DEPARTMENT: City Clerk FROM: Erika Hammond, City Clerk SUBJECT: Update on Positions for the Economic Development Office FUNDING SOURCE & ORIGINAL BUDGET: Updated: 11/4/2022 3:33 PM Page 1 Packet Pg. 7  4 MEETING DATE: November 8, 2022 DEPARTMENT: City Clerk FROM: Erika Hammond, City Clerk SUBJECT: Establishing Quarterly Reporting Based on the Measures within the 2022 Economic Development Plan FUNDING SOURCE & ORIGINAL BUDGET: Updated: 11/4/2022 3:36 PM Page 1 Packet Pg. 8  5 MEETING DATE: November 8, 2022 DEPARTMENT: City Clerk FROM: Erika Hammond, City Clerk SUBJECT: Discussion of matters relating to the proposed location, expansion, or provision of services encouraging location or expansion of industries or other businesses in the area served by the public body pursuant to §30-4-70(a)(5) FUNDING SOURCE & ORIGINAL BUDGET: PURPOSE: GSM of North Main/Peak Drift Beverages Golden Eagle 2222 Main View Apartments Updated: 11/4/2022 2:59 PM Page 1 Packet Pg. 9  6 MEETING DATE: November 8, 2022 DEPARTMENT: City Clerk FROM: Erika Hammond, City Clerk SUBJECT: Discussion of negotiations incident to proposed contractual arrangements pursuant to S.C. Code §30-4-70(a)(2) FUNDING SOURCE & ORIGINAL BUDGET: PURPOSE: 1225 Laurel Street Updated: 11/4/2022 3:00 PM Page 1 Packet Pg. 10