Dear Investors/ Members,Each year, this report addresses the successes in economic and market growth achieved throughout the Cedar Valley of Iowa. The focus of this year’s annual report is Return on Investment delivered to you.

The numbers and achievements presented

in this report are the result of work of a talented and diverse team of professionals committed to business, institutional, and community success. I am so proud of this team, as you should be. Our work is guided by those of you who volunteer your valuable time and add your expertise to our boards, specialty councils, and task forces.

No one else does what we do together. With your support, the Alliance & Chamber team strives to supply the talent needed to fuel your business growth by working to retain, engage, and attract talented people to the Cedar Valley.

We deliver industrial and office expansions and locations with quality jobs which expand the tax base. We work with our partners to accelerate new business growth and product development. We collaborate with you to bring even more vitality to our region’s service and retail markets.

We rely on your willingness to fund our existing operations and emerging initiatives. Hopefully, the high returns on your current investment will convince you that continued investment in our work will bring even greater value to your business and the Cedar Valley of Iowa.

Sincerely,

Steve Dust, CEcDCEO

Jim AnfinsonCary DarrahDorothy de Souza GuedesSteve FirmanCassie GrimsmanChristine HougasWes JamesJohanna Kneedler

Danny LaudickMelissa Reade, EdDJim SchaeferKim SchleismanLisa Rivera Skubal, CEcDSandi SommerfeltTeri TraskBette Wubbena

Annual ReportFY 2017

STAFF

July 1, 2016 - June 30, 2017

Greater Cedar Valley Alliance & Chamber360 Westfield Ave., Suite 200, Waterloo, Iowa319-232-1156 | www.cedarvalleyalliance.com

2016-2017BOARD OF DIRECTORS

Greater Cedar Valley Alliance & ChamberSue Armbrecht, Chair, MidWestOne BankBob Smith Jr., Vice Chair, Lockard CompaniesEric Johnson, Treasurer, Beecher, Walker, Morris, Hoffman & Johnson, P.C.Steve Tscherter, Past Chair, Retired, Lincoln Savings BankSteve Dust, Secretary, Greater Cedar Valley Alliance & ChamberSandi Sommerfelt, Assistant Secretary, Greater Cedar Valley Alliance & ChamberDr. Linda Allen, Hawkeye Community CollegeStacey Bentley, Community Bank & TrustDave Bowling, Hy-VeeSteve Brewer, US BankJames Bronner, City of WaverlyMayor Jim Brown, City of Cedar FallsMike Butler, Retired, Stifel, Nicolaus & Co.Mark Collett, Bloom ManufacturingDr. Darrel Colson, Wartburg CollegeBrent Dahlstrom, DK ManagementDavid DeVault, John DeereJack Dusenbery, Wheaton Franciscan HealthcareBryan Earnest, AmperageChris Fereday, PDCM InsuranceTim Godfrey, Witham Auto CentersMatt Halbur, Rydell ChevroletMayor Quentin Hart, City of WaterlooTim Hurley, Retired, John Deere and City of WaterlooBrent Johnson, Bike TechPhil Jones, Rada ManufacturingReid Koenig, Retired, CUNA MutualJim Krieg, Cedar Falls UtilitiesKathryn Kunert, MidAmerican Energy CompanyDr. Jane Lindaman, Waterloo Community SchoolsJim McKernan, KWWLDave Morgan, SingleSpeed Brewing Co.Tom Nagle, Nagle Sings, Inc. and Eagle Sign Co.Dharmendra Patel, Days Inn & SuitesDr. Andy Pattee, Cedar Falls Community SchoolsBob Petersen, Northland Products Co.Ryan Sheridan, Denver Savings BankErik Skovgard, Lincoln Savings BankAndy Van Fleet, Visual Logic / id8 Jed Vander Zanden, Sidecar Coffee RoastersJim Wohlpart, University of Northern Iowa

Chamber CouncilTim Godfrey, Chair, Witham Auto CenterPete Meehan, Vice Chair, Financial Decisions GroupErik Skovgard, Past Chair, Lincoln Savings BankTammy Bedard, Advanced Systems, Inc.Nick Elliott, DISTek Integration, Inc.Deonna Fritz, Expense Reduction AnalystsKathy Joblinske, Manpower, Inc.Phil Kenealy, ACES Inc.Phil Nash, Wells Fargo BankMatt Waller, VGM Group, Inc.

Leader Valley CouncilTom Penaluna, Chair, CBE CompaniesMonte Berg, Treasurer, Veridian Credit UnionSteve Dust, Secretary, Greater Cedar Valley Alliance & ChamberJane Bradley, Hawkeye Community CollegeMayor Jim Brown, City of Cedar FallsJim Denholm, CUNA Mutual GroupBryan Earnest, AmperageChris Fereday, PDCM InsuranceTim Godfrey, Witham Auto CenterMayor Quentin Hart, City of WaterlooJenny Leeper, Cedar Falls School BoardDr. Jane Lindaman, Waterloo Commu-nity SchoolsMatt Meyers, John Deere Waterloo WorksDr. Dale Monroe, Cedar Valley Catholic SchoolsDr. Andy Pattee, Cedar Falls Communi-ty SchoolsVickie Robinson, UNI College of EducationRep. Walt Rogers, Iowa House

TechWorks CampusTim Hurley, Chair, Retired, John Deere and City of WaterlooSteve Dust, Vice Chair, Greater Cedar Valley Alliance & ChamberBarb Anderson, Treasurer, VGM Group, Inc.Noel Anderson, City of WaterlooDave Deaver, DWDEAVER, LLCJeff Hassman, Cedar Valley PartnersMark Kittrell, Eagle View PartnersEd McCann, John Deere Waterloo WorksBob Petersen, Northland Products Co.Randy Pilkington, University of Northern IowaDon Temeyer, Retired, HR Green Inc. and City of WaterlooMayor Quentin Hart, City of Waterloo (ex-officio)

The Greater Cedar Valley Alliance & Chamber is a 501c(6) nonprofit corporation.*

*In compliance with our nonprofit status, we file IRS Form 990 for all organizations

Greater Cedar Valley Alliance & Chamber revenue and expense shown net of inter-company transfers

Investor Dues

Programs/Events

38%

15%

Economic Development Investors47%

Communications

Advocacy

7%

6%

Investor Relations 11%

Community Development 17%

Economic Development 31%

General & Administrative 28%

EXPENSES$1,339,631

GREATER CEDAR VALLEY ALLIANCE & CHAMBER

TechWorks Campus is a 501c(3) nonprofit corporation.TECHWORKS CAMPUS

Rent & CAM Income

9%

91%

Interest Income REVENUE$88,531

.07%Economic DevelopmentContract Services

39%

Facilities Expenses 54%

General & AdministrativeEXPENSES$892,401

Programs/Events4%

The Leader Valley Foundation is a 501c(3) nonprofit corporation.LEADER VALLEY FOUNDATION

14%

Leader in Me Facilitation Expenses 46%

Legal & Professional Services

EXPENSES$504,508

FINANCIALS

REVENUE$1,431,512

Research 1%

Leader Valley Grants & Contributions96%

REVENUE$601,921

40%General & Administrative

MISSION: Increase economic vitality and wealth by leading collaborative economic and community development

ECONOMIC DEVELOPMENT

$7.55 Million New Capital Investment

150,000 Sq. Ft. New Construction 41,500 Sq. Ft. Existing Space Occupied

Completed Projects • Furniture Mart USA D.C. (Ashley) • CPM Roskamp • Natural Soy Products, Ltd

58 New Jobs Created

69 Existing Business Solutions

INVESTOR SUPPORT

828Investors 54

New Investors

51%Increase in

Website Visits

WORKFORCE & TALENT

WORK THE VALLEY JOB BOARD(Percent increase over the previous year)

37,753 Job Searches

246,352 Facebook Job Post Views

50,439 Visits

104.9%

124.6%

139.6%

224.8%

Businesses of the Year: The Accel Group & Advanced Systems, Inc.

Diversity & InclusionThe Sayer Law GroupCUNA Mutual Group

Fulfilling the Vision of OneStacey Bentley

Harold Brock Innovationid8 WorkspaceMill Race Coworking Space

John Deere Treating Capital WellRydell Warehousing

Legacy AwardBob Petersen Dan Watters

Workforce

Recruitment

& Retention

Events

Cedar Valley

Leadership

Institute

Graduates

Attendees at

the Diversity

& Inclusion

Summit

57 Site Selector Visits/Meetings

3

Cedar Valley PartnerCedar Falls Schools

Waterloo Community Schools Center for Advanced Professional Studies Program

Center for Technical Education Program

Leader Valley is the Alliance & Chamber’s business and education collaboration platform to prepare our PreK-12 students with skills that are important to

economic and community success. The cornerstone of Leader Valley is The Leader in Me® initiative.

SchoolDistricts

Lighthouse Schools

Schools

1,278Educators Impacted

9,887Students Impacted

118EVENTS

• Principal Academy with Muriel Sommers and 30 Cedar Valley Administrators• 2nd Leader in Me Symposium

Melissa Reade, EdDTeri Trask

Create Great is a capitalcampaign to expand The Leader in Me to all schools in theWaterloo-Cedar Falls Metro area. The goal is to raise $7 million: $3.5 million forimplementation in schools and $3.5 million for endowment to ensure the sustainability.

$2,123,833128

RAISED

DONORS

Leader Valley

FranklinCovey launched its

first Coaching Certification pilot

program in the world in the Cedar

Valley with our Leader Valley team.

5

212

The Techworks Campus is a 30-acre business parkfeaturing manufacturing, research and development,education, and commercial operations

Located in downtown Waterloo adjacent to John Deere operations, the Campus is comprised of development sites and 300,000 square feet in two historic John Deere manufacturing buildings, now known as Tech 1 and Tech 2.

1 2

TechWorks

40% of available square

feet is leased (floors 1-3)

4,500

2017

John Deere training center opens 2018

Courtyard by Marriott

Open December

Floor 1 UNI Metal Casting Center expansion & prep for another expansion

Floor 2 New Alliance & Chamber office

Floor 3 New Natural Soy Products, Ltd.

166rooms

$49,000,000

sq.ft.

in capital improvement

Waterloo Cedar Falls

total meeting space

Developed by Financial District Properties (FDP)

Tech 2 Under Renovation