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For those who would like a second look at Innovation Valley's Real Estate Brokers Luncheon PowerPoint
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Board of Directors
DR. THOMAS E. MASONPresident and CEO, UT-
Battelle LLC
PATRICK BIRMINGHAMPresident and Publisher, Knoxville News Sentinel
KEVIN CLAYTONCEO, Clayton Homes Inc.
JAMES A. HASLAM IIICEO, Pilot Flying J
RANDY BOYDPresident and CEO, Radio
Systems Corporation
BRUCE HARTMANVice President of Sales, E.W.
Scripps Company
MARK ISOMPresident and CEO, Premiere
Building Maintenance Corporation
RAJA JUBRANCEO, Denark Construction
MINTHA ROACHPresident and CEO, Knoxville
Utilities Board
WES STOWERSChairman, Stowers Machinery
Corporation
PARTNERS
INNOVATION VALLEY IS THE REGIONAL ECONOMIC DEVELOPMENT INITIATIVE MANAGED BY THE KNOXVILLE CHAMBER.
STRATEGIC PRIORITIES
I. AGGRESSIVE, NEW BUSINESS & EXPANSION PROGRAMS
II. STRENGTHEN GLOBAL BRAND AWARENESS
III. TALENT RETENTION & DEVELOPMENT
IV.ENHANCE ENTREPRENEURSHIP & INNOVATION
V. CELEBRATE THE REGIONS SUSTAINABILITY EFFORTS
RESULTS2008-2013
RESULTS
10,266NET NEW JOBS
SOURCE: Tennessee Department of Economic & Community Development & Community Disclosures
RESULTS
$1.138BCAPITAL INVESTMENT
SOURCE: Tennessee Department of Economic & Community Development & Community Disclosures
RESULTS
10% INCREASEIN THE ANNUAL AVERAGE
WAGE$39,112 TO $43,459SOURCE: Tennessee Department of Labor and Workforce Development
RESULTSRECENT ANNOUNCEMENTS
HOW WE DO IT
NEW LEADS
MARKETING
KnoxvilleOakRidge.com
CONFERENCES
KEY MARKET VISITS
Green Carpet Tour
• Founded in 1993
• Boundaries cover .67 square miles and 400 acres
• Funding
• DEVELOPMENT– Small Development Grants– Beautification/Curb Appeal– Retention/Recruitment
• MARKETING & EVENTS– Revamping Website– Sponsor Events– Social Media– Buy Local Program
• SECURITY– KPD– Graffiti Removal– Panhandling
• PARKING & TRANSPORTATION– www.parkdowntownknoxville.org– Parking App-Parker– Parking Token Program
STAFF TO SIX BOARDS
• City of Knoxville Industrial Development Board
• Downtown Cinema, Inc. Industrial Development Board
THE DEVELOPMENT CORPORATION OF KNOX COUNTY ALSO SERVES AS THE:
• Knox County Joint Economic & Community Development Board
• Knox County Industrial Development Board
• Knox County Health, Education & Housing Facility Board
Butler Site
KARNS VALLEY BUSINESS PARK
PROPERTY SALES CONSIDERATIONS
• INTENDED USE
• JOBS– NET NEW AND/OR RETAINED
• WAGE RATES
• CAPITAL INVESTMENT
TDC POLICY REAL ESTATE COMMISSIONS
Real Estate Commissions PaidSale
PricePercent
CommissionCumulative Commission $
$0 to $500K 8% Up to $40K
$500K to $1M 6% $40K + up to $30K
$1M to $2M 4% $70K + up to $40K
$2M+ 2% $110K + up
+Properties will be priced with commissions included
+Owner reserves the right to negotiate commissions on a case by case basis.
BHS CORRUGATED
LOCAL INCENTIVES
• Land Discounts
• Tax Incentives
• PILOT
• TIF
ECONOMIC DEVELOPMENT PILOTS
BHS CORRUGATED NA
REDEVELOPMENTPILOTS
TAX INCREMENT FINANCING
SOUTH GROVE UNIVERSITY COMMONS
HOW YOU CAN HELP
SITES & BUILDINGS DATABASE
www.knoxvilleoakridge.com/sites-buildings/
IDENTIFY NEW RECRUITS
KEY HERE = NET NEW JOBS TO OUR REGION
HOW WE CAN HELP YOU
INPUT FORM
JOE RILEY [email protected]
865-246-2655
www.tvasites.com
*Minimum office space is 10,000 sq. ft.; minimum industrial/warehouse space is 20,000 sq. ft.
INCENTIVES
I. TRAININGII. TAX CREDITS
I. LOCALII. TENNESSEEIII.TVA
III.INFRASTRUCTUREIV.POWER DISCOUNTSV. LOAN PROGRAMS/GAP FINANCING
KEY= NET NEW JOBS & CAPITAL INVESTMENT
QUESTIONS?
