2020 ANNUAL REPORT
From Chamber to Partnership By Mike McDorman, President and CEO It has been 15 years since The Chamber formed a “Dream Big” vision to help guide where the chamber and community could go in the future. Over those years our team has grown and matured greatly in the work we are doing with our community partners in moving Greater Springfield forward. We are now beginning to realize that dream and are experiencing momentum we have not witnessed in decades. The partnership that has been built and fostered over many years is now helping to land major opportunities in Springfield and Clark County. Because of the Chamber’s leadership and the efforts of many stakeholders, more than 5,000 new jobs and a half billion dollars in investments have been realized over the past 7 years. The Greater Springfield Moving Forward Pillar Groups formed in 2010 are making incredible progress on 4 targeted areas. With tens of millions of dollars having been invested in pillar projects since the community vision plan’s start. The Jobs & Jobs Readiness Team has grown a nationally recognized workforce development collaborative that is a major component in bringing new jobs and investments to our area. We have become laser focused on revitalizing our downtown with new retail, restaurants, market rate housing, entertainment amenities, and a new city owned parking garage being added. The investments that have been made in the Springforward Downtown Catalytic Fund and by our government partners are helping to garner the first real private developer interest in decades. Our key gateways and corridors are getting better because of the City’s efforts to paint poles, install gateway signage, and make key investments in the South Limestone Corridor, our City’s premier corridor leading from I70 into our downtown. Continued...
01
2020 GREATER SPRINGFIELD ANNUAL REPORT
From Chamber to Partnership In the age of new power, our community will no longer be moved forward by four or five major industry players. It will take all of us getting in the same boat and rowing in the same direction to succeed. That is why The Chamber, and its affiliates the Clark County Community Improvement Corporation, and the Greater Springfield Convention and Visitors Bureau, will now be known as THE Greater Springfield Partnership. The Chamber, an old power organization, has continued to innovate and change over a century, but has always been known simply as the chamber. This new brand we are now launching helps better define who we are as an organization working with community partners to help make our region better. For us to achieve the goals that will help build a vibrant town with a thriving business community, it can only happen through a strong partnership. It has been a tough season for all of us dealing with the COVID-19 pandemic, but this pause has given us an opportunity to reflect on who we are and where we are going with all the good things happening in our community right now. We have accomplished a great deal together to get to this point, and we will all be stronger as we come out of this time because we have done the hard work of building a strong partnership. THANK YOU AGAIN FOR YOUR INVESTMENT IN THIS IMPORTANT WORK being done to help move your businesses and our community forward. We are confident we will achieve even greater success in the coming years as we all continue to work together as The Greater Springfield Partnership!
02
2020 GREATER SPRINGFIELD ANNUAL REPORT
$1/2M
Business Savings Enjoyed by Chamber Members 2020 CHAMBER OF GREATER SPRINGFIELD ANNUAL REPORT
Redsigned Website with improved user interface
800
4,000+
Business Members Employing 15,000 Citizens
Attendees at virtual events & webinars
Recipient of the Entrecon Community Resiliency Award
600
ZOOM calls supporting local businesses during the COVID-19 pandemic
$4M Added Talent & Education Coordinator to staff
20
Career cluster videos in production
129
Companies Assisted
4
Launched data tool for small businesses
Virtual Career Fairs
Twenty-two restaurants received direct support through our Keep Calm & Carry Out campaign
$440M
in local Tourism Impact (Source: Tourism Economics)
4
Added Destination Downtown videos Events produced with Programmer to 50,000+ views staff
Raised to support Workforce and Economic Development initiatives
185K
Social Media Impressions from Media Influencers
Looking Forward Our Annual Awards were presented virtually on March 25th. Join us this fall for a live, in-person reception honoring all of our winners.
Vision The Greater Springfield Partnership is the collective voice of 800 companies that represent 15,000 employees in our region. We believe a vibrant Greater Springfield is the catalyst for a thriving business community. It will take all of us, in partnership, to achieve our goals.
STRATEGIC PLAN INITIATIVES • • • • • • •
Champion Key Community Initiatives Build the Economic Engine Cultivate the Local Workforce Enable Business Success Enhance Quality of Living An Attractive Destination for Fun and Entertainment A Healthy and Thriving Chamber Membership
2021 PROGRAMS + INITIATIVES • Keep driving vision of a Vibrant Community • Coordinate aggressive business retention and expansion program • Lead and support community engagement platform, “The Hub” • Continue to convene key stakeholders around key opportunities/issues impacting community through Greater Springfield Moving Forward • Continue to Grow Participation in Young Professionals Program • Develop roadmap for future talent • Support housing and living communities
04
• Continue aggressive business targeting, solicitations and cultivation • Focus on key target industries • Coordinate ACT Work Ready and YouScience Initiatives • Create and distribute class-leading publications • Lead and Support Downtown Wayfinding Project + Public Art Program • Drive downtown events bringing economic impact to our community • Market our key tourism assets within a 3-hour drive market with an emphasis on Columbus.
2020 GREATER SPRINGFIELD ANNUAL REPORT
Greater Springfield Moving Forward COMMITTEE UPDATES JOBS & JOB READINESS Jennifer Sirucek & Melanie Flax Wilt Co-Chairs The Jobs/Job Readiness Taskforce is an employer-lead collaboration between Clark County Business leaders, Education leaders and community entities focused on connecting employers with the current and future workforce. Always adaptable, the Taskforce met throughout 2020 and continued working on their two primary initiatives. Short-term initiative to fund and push forward a campaign for residents of Clark and neighboring counties to local job opportunities, inclusive of all industries within the county. Long-term initiative remains focused on the collaboration of businesses and schools; make students aware of career opportunities inside Clark County and prepare them to enter the workforce. The J/JR Taskforce, as a collective, serves as an ideation and design thinking laboratory, where business and education are equally represented at monthly meetings to continue create and define best practices.
GATEWAYS & CORRIDORS Bryan Heck & Mike McDorman, Co-Chairs Preliminary design was completed for the South Limestone corridor from Leffel Lane to Singer Street. A Public Comment period was held from November to January of 2020, with detailed design to begin in the first quarter of 2021. The City of Springfield finalized a location for the western gateway sign, working with interested stakeholders on sign location. Construction to begin sometime in 2021.
05
2020 GREATER SPRINGFIELD ANNUAL REPORT
Greater Springfield Moving Forward COMMITTEE UPDATES DOWNTOWN DEVELOPMENT John Landess & Ted Vander Roest, Co-Chairs Co-Hatch the Market opened in May with all of the office spaces leased. The space includes the Market Bar and five food vendors including Painted Pepper, Cork and Board, North High Brewing, Ironworks Waffle Café and Fresh Abilities. The Parking Garage opened in May at a cost of $6.8 million and includes 305 parking spaces. The city is offering free parking for all of 2021. Planning is underway for the 3,000 square foot retail space along Fountain Avenue. The first six unit building of the Center Street Residential project was completed and four of the units were sold with one being used as a model. The second four unit building is under construction and plans were submitted on a third building. A group was formed to make improvements to Springfield’s Columbia Street Cemetery and fund raising is underway. The cemetery holds the remains of seven Revolutionary War soldiers and two from the War of 1812.
PARKS & GREENSPACE Mayor Warren Copeland & Tom Loftis, Co-Chairs The OSU Master Gardeners and Hollandia/Kiwanis have continued to build out the Snyder Park Gardens and construct permanent structures on the property. The Springfield Conservancy District continues to clean up the property at Water Street and North Street along Buck Creek.
06
2020 GREATER SPRINGFIELD ANNUAL REPORT
GREATER SPRINGFIELD FINANCIAL REPORTS Greater Springfield Chamber of Commerce Financial Report
Greater Springfield Community Improvement Corporation Financial Report
Greater Springfield Convention & Visitors Bureau Financial Report
Revenues
Revenues
Revenues
Contributions
$347,737
Accomodations Tax
$129,512
Fiscal Sponsor Passthrough
$46,500
Farmers Market
Administration Fees
$963,551
Local Government Funding
$329,600
Holiday in the City
$95,762
Contract Reimbursements
$159,902
State Grant
$700,000
Grant income
$37,000
Membership
$370,969
Programs/Grants/Publications
Other Total Revenue
$17,471 $1,641,405
Contract Revenue
$179,625
Other
Rents/Project Revenue
$429,691
Total Revenue
Total Revenue
$2,033,153
$324,754 $31,298
$8,305 $497,119
Expenses
Expenses Operating
$588,439
Expenses
Passthrough Expenses
$963,551
Project Related
$1,030,429
Operating
$356,926
Marketing
$67,592
Programs/Publications/Activities $104,528
Operating
$504,067
Programs/Grants/Sponsorship
$24,237
Total Expenses
Interest Expense
$123,222
HITC - Net of Capital Expend.
$62,933
Fundraising
$184,974
Farmers Market
$29,109
Workforce Development
$180,719
Fiscal Sponsor Passthrough
$46,500
Total Expenses
$540,797
Property Taxes
$33,867
Change in Net Assets
$(43,678)
Depreciation
$12,969
Change in Net Assets
$1,656,518 $(15,113)
Statement of Financial Position Assets Cash - Unrestricted
$176,557
Cash - Temp Restricted
$42,254
Accounts Receivable
$205,726
Other Current Assets
$33,870
Net Fixed Assets
$45,743
Total Assets
$504,150
Total Expenses
$2,116,747
Change in Net Assets
$(83,594)
Accounts Payable
$19,532
Deferred Revenue
$144,401
Other Liabilities
$113,961
Fund Balance - Temp. Restricted
$42,254
Fund Balance - Unrestricted
$184,002
Cash - General Fund
$190,341
Accounts Receivable
$80,263
Other Current Assets
$24,101
Assets
HITC Assets - Net
$37,811
Other Fixed Assets - Net
$17,662
$207,383
Cash - Custodial
$29,456
Total Assets
Accounts Receivable
$75,320
Other Current Assets
$21,465
Liabilities and Fund Balance
Land
$12,164,098
Net Fixed Assets Total Assets
$122,012 $12,619,734
Total Liabilities & Fund Balance $504,150 Accounts Payable Line of Credit SBDC Loan Funds
$74,546 $275,632
Total Liabilities & Fund Balance $350,178
$2,098,928 $29,456 $1,909,630
Fund Balance - Unrestricted
$8,416,876
Total Assets
Fund Balance - Unrestricted
$135,388
Notes Payable Fund Balance - Restricted
Accounts Payable
$350,178
Liabilities and Fund Balance
Fiscal Year Ended December 31, 2020 (unaudited)
Assets
Statement of Financial Position Cash - Unrestricted
Liabilities and Fund Balance
Statement of Financial Position
$29,456 $12,619,734
Fiscal Year Ended December 31, 2020 (unaudited)
Fiscal Year Ended December 31, 2020 (unaudited)
2020 CHAMBER OF GREATER SPRINGFIELD BOARD OF DIRECTORS EXECUTIVE COMMITTEE Sunny Dhingra Chairman CEO|Broker Always Sunny Realty
Michael McDorman President/CEO Chamber of Commerce
Daren Cotter Chief Financial Officer The Turner Foundation
John McKinnon Shareholder Clark, Schaefer, Hackett & Co.
Tom Sothard Past Chairman Senior Advisor Konecranes Americas
Tammi Angle Attorney, Cole Acton Harmon Dunn
Jo Alice Blondin President Clark State Community College
John Brown President Security National Bank
Daren Cotter Chief Financial Officer The Turner Foundation
Nick Demana President/CEO Benjamin Steel Company
Michael Frandsen President Wittenberg University
Mary Garrick Senior Vice President Upward Brand Interactions
Cathy Maus Business Development ARC Staffing
John Landess Executive Director The Turner Foundation
Brad Pepper Senior Vice President Topre America
Glenn Plumby Senior VP Operations Speedway LLC
Brian Roberts CEO The MacRay Company
Arlin Tolliver Ex. Director Springfield Metro Housing Authority
Bernie Willis Deputy Commander 178th Operations Group
DIRECTORS
YOUNG PROFESSIONALS & BOARD MENTEES Andy Barlow Baker Krizner Financial Planning
Scott Greene Ambassador
Eric Powell Baker Krizner Financial Planning
2020 COMMUNITY IMPROVEMENT CORPORATION BOARD OF DIRECTORS Tom Sothard Chairman Senior Advisor Konecranes Americas
Michael McDorman President/CEO Chamber of Greater Springfield
Warren Copeland Mayor City of Springfield
Sunny Dhingra CEO|Broker Always Sunny Realty
Daren Cotter Chief Financial Officer The Turner Foundation
Melanie Flax Wilt Clark County Commissioner
Dr. David Estrop Commissioner City of Springfield
Secretary
Lowell McGlothin Clark County Commissioner
John McKinnon Shareholder Clark, Schaefer, Hackett & Co. Treasurer
2020 GREATER SPRINGFIELD CONVENTION & VISITORS BUREAU BOARD OF DIRECTORS
8
Daren Cotter Chairman Chief Financial Officer The Turner Foundation
Michael McDorman President/CEO Chamber of Greater Springfield
Dean Blair Executive Director Clark County Fairgrounds
Leann Castillo Director NTPRD
Kevin Loftis Mother Stewart’s Brewing Company
Jim Scoby Trustee Springfield Township
Rob Rue VP Littleton & Rue Funeral Home + Crematory
Marta Wojcik Executive Director and Curator Westcott House
Joyce Chilton Commissioner City of Springfield
Eric Evans Owner, Ohio Caverns
2020 GREATER SPRINGFIELD ANNUAL REPORT