EDC Update/Summary      December 2018

https://www.youtube.com/watch?v=0hblG6jDNTU

EDC Investors Update - November 2018 www.youtube.com EDC Investors Update - November 2018

Business Recruitment targets:

- Advanced Manufacturing

- Specialized Engineering

- Scientific Research & Development

- Info-Tech

Joint KU/EDC/Community Efforts

- Various KU Career Services integrated to Chamber membership/communications to directly communicate events/career opportunities to local business community

- Joint plan development for West Campus; Innovation Zone/Research Park

- Connect First mentorship program with KU Honors

- Lawrence/Douglas County Career event scheduled for 02/19/19

Future Industrial Sites

- After multi-year effort, zeroing in on the next industrial site

- From 10 sites, narrowed to one

- Approximately 155 acres

- Partnership with city is critical to moving forward

Opportunity Zones and New Markets Tax Credits

- Lawrence was fortunate enough to receive two OZ designations

- Includes both main and west campus and everything east side of Mass Street to Noria Road

- We are working to understand the implications of both designations and how best to leverage them

- OZ seminar/educational meeting planned for 01/15/18

Catalyst Program:

- More than 300,000 square feet of industrial space exist in our community as direct result of this program

- Three projects, roughly $43MM in investment, and at least 60 new jobs

- One of the strongest ED tools we have at present

Expansion overall:

- Manufacturing sector has seen significant growth in last 12-24 months for various reasons

- API Foils moved headquarters to Lawrence from New Jersey; expanded 20,000SF

- Amarr/Entrematic completed an internal, equipment expansion

- Berry Plastic completed a $7+ million internal expansion to add new production line and compete with other locations within the company

- Allen Press has invested heavily in new equipment, particularly for digital print services

- Hallmark has expanded its workforce by approximately 80 employees

-  Hilary’s Eat Well added space and consolidated some of its warehousing and operations to Lawrence

Business Recruitment

- Approximately 50 recruitment projects seen through 2018

- 11 are currently viable for Lawrence

- Two are in the final stages of considerations for Lawrence