2020 Chamber of Greater Springfield Annual Report

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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...

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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!

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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

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• 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.

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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.

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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

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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


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