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Christos Industrial Site Greg Lowe City of Lewisburg Director of Economic Development (931) 993-7499 [email protected]

Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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Page 1: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

Christos Industrial Site Greg Lowe

City of Lewisburg Director of Economic Development

(931) 993-7499 [email protected]

Page 2: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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Christos Industrial Site Table of Contents

3 Letter of Welcome & Overview

4-5

6

7-8

Christos Industrial Site Details

Christos Industrial Site Access

Christos Industrial Site Utilities

10-15

16-18

19

22-25

Maps & Logistics

Workforce & Training

Existing Industry

Community Data

9 Permitting Processes

20-21 Taxes & Incentives

Mission Statement The City of Lewisburg Department of Economic Development exists to assist local business

and industry growth and to recruit new business and industry to Lewisburg to create sustainable

wage jobs and expand the tax base

Link to Video about Marshall County

Page 3: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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Welcome to Lewisburg, TN

As Director of Economic Development for the City of Lewisburg, I would like to welcome you and your company or client to Lewisburg, TN.

Lewisburg has a 100-year reputation as a manufacturing hub with 56 manufacturing operations in Lewisburg and Marshall County. In the past five (5) years, we have worked with twenty (20) existing industry expansions and twelve (12) relocations or start-ups totaling over $163M in capital investments. The most recent projects are the first North American facility for Meiwa Industry Co. Ltd. of Japan that chose to locate in one of our two industrial parks in 2013, Multimatic of Canada/Indiana that leased an existing building in the Lewisburg Industrial Park in 2015 and Minth Group LTD of China that purchased an existing building in the Lewisburg Industrial Park in 2017.

Located on I-65, Lewisburg provides one-hour proximity to Nashville, TN and Huntsville, AL. Lewisburg sits in a nine (9) county workforce area of 450,000 out of a total population of 1,300,000 providing a multi-skilled employment region with an average commute time of 28 minutes.

For you or your company or client to consider, Lewisburg has a privately-owned 53-acre Certified site in an established industrial park.

Lewisburg offers to You and Your Company/Client:

An available 53-acre Select TN Certified site A site located less than ½ mile from a 4-lane Highway (50/431) A site located less than 10 miles from I-65 (Exit 37) A sizable workforce area of multi-skilled employees An existing Advanced Manufacturing environment Proximity to 16 OEMs in 300-mile radius Proximity to Four (4) vocational training centers Proximity to Community College and twelve (12) colleges/universities – 60 Miles Proximity to two (2) metro areas – 50 Miles Proximity to Nashville BNA International Airport – 50 Miles Local tax-abatement incentive program

Lewisburg and Marshall County have the experience to work with you and your client from early-stage to

full maturation and beyond. We are excited about the opportunity to assist you in joining our community and its family of manufacturing.

Thank you. Greg Lowe City of Lewisburg – Director of Economic Development

Christos Industrial Site Welcome to Lewisburg, TN

Page 4: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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Christos Industrial Site Christos Certified Site Details

Industrial Drive, Lewisburg, TN 37091 35⁰25’50.58”N 86⁰44’20.27”W Tax Map 072 – 147.00

Page 5: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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Christos Industrial Site Christos Select TN Site Details

Industrial Drive, Lewisburg, TN 37091 35⁰25’50.58”N 86⁰44’20.27”W Tax Map 072 – 147.00

Land Type Vacant

Land Status Available

Shovel Ready/Certified

Yes – Select TN

Divisible Yes (Min. 5 acres)

Additional Acres Yes – 17.4

Cont. Acres for Development

47.4

Previous Use Agriculture

Revitalization Area

No

New Market Tax Credit Area

No

Rail Access No

Airport Zone No

Ownership Billy Coble & Ginger Hardison

Land Price $20,000/acre

Site 53 acres available

Zone I-2 (Industrial Park)

Flood Zone 0%

Terrain Level to Gentle Slope

Phase I Report Link Here

Geo-Technical Report Link Here

Wetland Report Link Here - No

Brownfield No

Enterprise Zone No

Free Trade Zone No

Opportunity Zone

No

TIF Area No

Page 6: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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Main Access

Industrial Drive

4-Lane Hwy

Less than ½ Mile to Highway 431

Interstate Less than 12 Miles to Exit 37 of I-65

Airports Nashville BNA – 52mi Huntsville International – 60mi Atlanta – 234mi Ellington Airport – 4mi

Rail Radnor Yard – 52mi Huntsville Intermodal – 60mi

Ports Cumberland River – 54mi Huntsville/Florence/Decatur – 60-70mi Mobile – 380mi Savannah – 483mi

Christos Industrial Site Christos Certified Site Access

Industrial Drive, Lewisburg, TN 37091 35⁰25’50.58”N 86⁰44’20.27”W Tax Map 072 – 147.00

Page 7: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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Christos Industrial Site Christos Certified Site Utilities

Lewisburg Electric System

Voltage 3-Phase 470/6MW/500amp

Substation 2 Miles from Site

Lewisburg Water

Line Size 12 inch

Pressure 145 PSI

System Usage 2.8 MGD

System Capacity 4.0 MGD

Lewisburg Wastewater

Line Size 10 inch

System Usage 4.0 MGD

System Capacity 6.0 MGD

Lewisburg Gas

Line Size 8 inch

Pressure 17 PSI

AT&T, Charter, United Communications & Megawatt

Communications Copper & Fiber All services available upon

request up to Gigabyte/sec

Industrial Drive, Lewisburg, TN 37091 35⁰25’50.58”N 86⁰44’20.27”W Tax Map 072 – 147.00

Page 8: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

Electricity Source Company Tennessee Valley Authority

Local Distributor - City Lewisburg Electric System

Local Distributor - County Duck River Electric Membership Corp.

Source Company Spectra Energy

Local Distributor - City Lewisburg Gas Department

Gas

Source Duck River

Water

Local Distributor - City Lewisburg Water & Wastewater

Capacity 4.0M Gallons Per Day

Current Consumption 2.5M Gallons Per Day

Storage Capacity 6.1M Gallons Per Day

Treatment Type Full Biological

Local Distributor - City Lewisburg Water & Wastewater

Capacity 6.0M Gallons Per Day

Current Usage 2.0M Gallons Per Day

City Sewer Coverage 90%

Storm Sewer Coverage 15%

Solid Waste Disposal Type Landfill

Sewer

Source Company AT&T, Charter, United Communications, Megawatt Communications

Telecom

Services All High-Speed and Telecom Services

Costs Pricing Determined by Carrier and Level of Services

KWH Industrial Rates at or Below National Avg. Sample Bill Available Upon Request

Water $16.59 1st 2K Gallons $3.56 Avg. after 2K Gallons

Sewer $19.47 1st 2K Gallons $6.49 Avg. after 2K Gallons

Heat Load Industrial Rates at or Below National Avg. Sample Bill Available Upon Request Process Industrial Rates at or Below National Avg. Sample Bill Available Upon Request

8

Christos Industrial Site Local Utilities

Page 9: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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Christos Industrial Site Permitting Process

Locally - 30-45 Days Site Plan Review & Approval Utility Review & Approval Fire Codes Review & Approval Building Permit Approval

State - 30-90 Days Air Permit Approval Stormwater Pollution Prevention Plan (SWPPP) Approval Land Disturbance Permit Approval State Highway Access Approval

Requires Utility Meeting & Review of Plans Prior to Planning and Zoning Meeting to Approve. Timeline Assumes Company Provides all Necessary Paperwork and Requirements on or before Process Deadlines.

Not All State Permits Above will be Required for Every Project. Timeline Assumes Company Provides all Necessary Paperwork and Requirements on or before Process Deadlines.

Start Here

Helpful Links http://www.lewisburgtn.gov/codes-stormwater/planning-codes http://www.lewisburgtn.gov/codes-stormwater/stormwater https://www.tn.gov/environment/section/apc-air-pollution-control https://www.tn.gov/environment/article/permit-water-npdes-stormwater-construction-permit

Buck Beard Director of Operations/Codes City of Lewisburg (931) 359-1544 [email protected]

Don Nelson Building & Codes Inspector Marshall County (931) 359-8839 [email protected]

Page 10: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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Christos Industrial Site Maps & Logistics

Page 11: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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Christos Industrial Site Maps & Logistics

Page 12: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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Christos Industrial Site Maps & Logistics

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Christos Industrial Site Maps & Logistics

50 Miles

50 Miles

50 Miles

50 Miles

Page 14: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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Christos Industrial Site Maps & Logistics

Non-Stop Service to These Cities To and From Nashville

BNA Airport

Sea Ports in the Region

Page 15: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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Christos Industrial Site Maps & Logistics

4-Year Colleges in Tennessee Community/Technical Colleges in Tennessee

Page 16: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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Schools Enrollment Elementary Schools 5 2,385 Middle Schools 3 1,296 High Schools 3 1,545

Marshall Co. Schools

Public Cost Per Student $9,399.83 Student/Teacher Ratio 17:1

HS Graduation Rate

95% College-Going Rate

65% With Degree or Certification

27%

Pulaski - Shelbyville

Avg. ACT Score

20.3 Bachelor’s or Higher

14% Technical Colleges

4 Community Colleges

2 Students Training

2,000+

Christos Industrial Site Labor & Workforce

Page 17: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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* Labor Market Area is defined as Bedford, Giles, Lawrence, Lincoln, Marshall, Maury, Moore, Rutherford and Williamson Counties

Labor Shed 9 Counties

Drive Time 28 Min. Avg.

Avg. Starting Wage $13.00/hr.

Labor Force Participation Rate

62%

Marshall Co.

Christos Industrial Site Labor & Workforce

Source: September 2019 from TN Dept. of Labor and Workforce

Unemployment % 3.0

Labor Force 451,435

Unemployed 11,703

Unemployment 3.0%

Labor Force 15,669

+3,989 Since Dec. 2014

Page 19: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

Automotive Aerospace & Defense Electronics Tool & Die/Machining Plastics & Chemicals Die Casting & Metalworking Corrugated Products Food & Beverages Commercial Printing Tank Refurbishing Seating Warehouse/Distribution

Tool & Die Heavy Hardware Lubricants Abrasives Foundry Sheet Metal Welding Supply Coatings

“Coming to Lewisburg was a remarkable decision for us.”

Paul DiGiovanni – President

Companies 55 Employees 3,900+ % of Jobs 32

Expansions 20+

Local Industrial Support

Industry Types

In the Past 10 Years Manufacturing

Associations Industrial Development Board Manufacturers’ Association Workforce Employer Outreach Committee

Automotive Dashboard Electronics

1,300 1984 2011-2014

Aluminum Die Casting 850 1959 2007-2014

Defense/Aerospace Electronics

340 1966 2013

Automotive Brakes and Steering Hoses

265 2002 2006-2013

Corrugated Products 226 1975 2014

HVAC Distribution 180 1971 1975-1990

Structures and Suspensions 260 2015

Systems Manufacturing and Integration

150 2002 2013-2014

Commercial Printing 135 1898 2010-2014

Polyethylene Wrap 112 1984 2012-2014

Top Employers

Product/Service Employees Established Expanded

New Industries 12

Capital Investment 163M+

New Jobs 3,500+

Foreign Direct Investment

19

Christos Industrial Site Existing Industry

Page 20: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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Christos Industrial Site Tax Structure

Local Property Taxes City County Rate Per $100 Value $1.69 $2.81 Ratio of Assessment Residential and Farm 25% 25% Commercial/Industrial 40% 40% Personal (Equipment) 30% 30% Bonded Debt $17,626,226 $49,910,000 Total Local Assessment (2015) $231,400,572 $518,404,582 Hotel-Motel Tax 0 % 7.0 %

State Sales Tax 5% tax on food and food ingredients; 7% on all other tangible personal property unless specifically exempted. Local Sales Tax Rate 2.25% Local & State Sales Tax Collected (FY2016): $28,626,857 Income Tax • Personal: 6 % on Interest & Dividends • Corporate Excise Tax: 6.5% of Tennessee taxable income • Franchise Tax: .25% of the greater of net worth or real and • tangible property in Tennessee. The minimum tax is $100. • Unemployment Tax: New Employers 2.7% of first $9,000

Page 21: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

Property Tax Abatement

1 One-Page Application

2 Votes to Approve

30 Days to Finalize

21

Christos Industrial Site Local Incentives

Other Incentives The City of Lewisburg Department of Economic Development is prepared to offer its assistance to the

company/prospect in any area required. Assistance Includes: Site/Building Location and Development Grant Application and Assistance for Any Federal, State, Regional or Local Agency Workforce Development and Training Program Development Permitting Process – Federal, State, Regional and Local Agencies Requested Assistance Not Listed Above

Payment in Lieu of Taxes (PILOT)

This incentive is available to both new and expanding industries and begins with a request for a PILOT Application Form from City of Lewisburg Director of Economic Development Greg Lowe. A PILOT includes: Real (Land & Building) and Personal (Machinery & Equipment) Property Tax Abatement for BOTH City and County Property Taxes – up to 10 years for Personal and up to 20 years for Real Property A PILOT is developed by the Industrial Development Board and offered to a Prospect/Company based on Total Number of New Net Full-Time Jobs created by Prospect/Company Total Amount of Capital Investment of Project (Minimum $500,000 in Real Property or $150,000 in Personal

Property) Average Wage Rates of Total New Net Full-Time Jobs created by Prospect/Company Overall Economic and Industry Impact to Community of Project Annual Survey of Jobs Created will need to be completed by Company to insure compliance with PILOT If at any time a Company is not compliant, the IDB can choose to terminate the PILOT – no clawbacks

Other Documentation/Procedures include: Project, PILOT and Tax agreements to be drafted by attorneys (Company Attorney & City/IDB Attorney), signed and recorded by both parties, as well as a Bill of Sale on any machinery/equipment for which a PILOT is developed.

Page 22: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

Population Marshall Co. 32,380 Lewisburg 12,060

2030 Projected Growth =+20%

Cost of Living Index

89 90

83 103

85 147

110 123

100

0 50 100 150 200

LewisburgShelbyville

PulaskiColumbia

FayettevilleFranklin

MurfreesboroSpring Hill

National Average2017 Total 827 2017 Houses 256

Building Permits

Business Licenses

Lewisburg

2018 Total 253

$46,925

Sales Tax Collections

Annual Average Temperature: 57.7°

Average High Temperature: 70.5°

Average Low Temperature: 45.0°

Annual Average Precipitation: 54.84"

Annual Average Snowfall: 2.2“

Mean Length of Freeze-Free Period (days): 180-220

Climate Police & Fire

-1.3%

3.1% Median Household Income

1.5%

2017

-39% 2018

2017-2018

2017-2018

11.3% 2016-2017

2.1% 2017-2018

2.0% 2017-2018

#Employed Labor Force

Job Growth Rate

7% 2012-2017

Median Industry Earnings - $64,454 3.6%

Crime Rate 2,943 Per 100,000 Violent Crimes 110 Property Crimes 230

Rating Class 3

0 50

Violent

PropertyNational

State

Marshall

National Rank Top 4%

22

Christos Industrial Site Community

Lewisburg, Marshall County, Tennessee

• Latitude: N35° 26.95‘

• Longitude: W86° 47.33‘

• Elevation: 707‘

• Website: www.lewisburgtn.gov

Tax Rate - $1.69 City/$2.81 County

Median Home Cost - $219,736 22%

Workforce – September 2019

Unemployment Rate 3.0% Labor Force 15,669 Unemployment # 472

Page 23: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

“It amazes me that a community of this size possesses the amenities that Lewisburg does.”

Steve Elledge – ED Consultant

Top 100

Micropolitan

High Performance

Award Atlas Advertising

2014

Gold Level

Sustainability

TVA 2015

Benchmark

II TN ECD 2015

Economic Development

Three Star

“Lewisburg’s Park and Recreation system, per capita, meets or exceeds national standards in almost every category.”

Richie Jones – Partner

Assets

23

Christos Industrial Site Community

3 X Site Selection Magazine

Page 24: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

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Safest in TN Healthiest in TN Quality of Life in TN

Below National Avg. – Cost of Living

School System Rank by TN Dept. of Education

Most Dynamic Micropolitan in the Nation 2018

14th Fastest Growing

Micropolitan in the Nation 2017

6th

Christos Industrial Site Lewisburg is Ranks Among the Best

Page 25: Christos Industrial Site - LoopNet · 2019. 11. 6. · 2 . Christos Industrial Site Table of Contents 3 . Letter of Welcome & Overview 4-5 6 7-8 Christos Industrial Site Details

Lewisburg is in the

Middle of Everything. We

have all the tools and

amenities you need to

succeed at home or in the

office, the classroom, the

board room, the production

floor and even the ground

floor. Let us prove to you

that your decision to come

here will be the right one.

Location and Logistics

Labor and Workforce

Education and Training

Utilities Quality of Life Industry Support

Leadership Growth Climate

“This community has totally proven that our decision was the right one.”

Matt Jung – President

Find Us On:

25

Christos Industrial Site Lewisburg is Where You Need to Be

www.lewisburgtn.gov

(931) 359-1544

131 East Church St. Lewisburg, TN 37091