E-News from the Lee's Summit Economic Development Council                                                                                                                     MARCH 2007  

LSEDC Direct Mail Postcard Campaign Launched Highlighting Local Entrepreneurs

Our newest postcard campaign’s goal is to showcase Lee’s Summit as a growing, vibrant and pro-business community that welcomes new ideas. We are featuring eight Lee’s Summit-based entrepreneurial ventures. Starting March 1, the 8-month direct mail campaign to 2,500 regional decision and opinion makers will highlight some bright, successful business men and women who see Lee’s Summit as a great place to build and run a company. The postcards feature pictures of the entrepreneurs in their places of business and a brief overview of their companies.

Those featured include:

The first card features ViraCor, an LSEDC Pacesetter Investor. Pictured on the front under the headline, "Saving Lives of the Most Vulnerable" are ViraCor’s CEO and Founder Phillip "Flip" Short, CFO John Martin, President Patti Aspenleiter and the company mascot, a reliable lab dog.

Of the company, the postcard says, "Every day medical specimens from critically ill patients around the country arrive at ViraCor’s Lee’s Summit testing laboratory. Patients with transplants, cancer, severe burns or other conditions can’t fight viral or fungal infections like the rest of us. They don’t have four or five days to wait for their results. Their life depends on the 24-hour turn around that ViraCor provides - even on Christmas Eve, 2005 when a ViraCor team drove to the airport, tracked down a specimen, unlocked their lab and found the reason why a young boy in a distant city was rejecting his transplant. ViraCor started in 2000 with one test, two client hospitals and averaged three diagnoses a day. Today they run 7,000 tests a month for over 100 hospitals. 'If you take care of the patient, everything else will come,' founder Flip Short says." Learn more at www.viracor.com.

Each postcard ends with an invitation for recipients to contact the LSEDC. It says, "Entrepreneurs love Lee’s Summit. See why at www.leessummit.org or contact Jim Devine, President and CEO, Lee’s Summit Economic Development Council, 218 SE Main Street, Lee’s Summit, MO 64063. 816-525-6617."

This is the fourth series of cards we have done in recent years. They are eye-catching, informative and a great way to share our message with the Greater Kansas City business and civic community.

 

LSEDC Supports Renewal of 1/2 Cent Transportation Sales Tax

On April 3, the citizens will be asked to vote for the continuation of the transportation sales tax to fund nearly $70,000,000 in new and improved roads in Lee’s Summit.

On March 7, the LSEDC Board and Advisory Board passed a resolution supporting the renewal and continuation of the ½ cent sales tax.

By voting "Yes" on this no tax increase ballot issue, new or continuing improvements will be made to Bailey, Chipman to View High, Hook, Lee’s Summit Road, Ward Road, and Jefferson Street over the next 10 years. Also included in these projects are sidewalks and multi-use bike paths.

Click HERE to link to the City’s website for further information.

LSEDC Retreat A Success

Armed with investor and customer survey feedback forms, members of the LSEDC Board and Advisory Board dug into several important issues facing the community’s competitiveness at the March 7th board retreat. Consultants assisted LSEDC members during small group discussions on each topic Listed below:

  • Diversity

  • Growth and Development

  • Business Retention and Expansion

  • Community Leadership Development,

  • Implementing Lee’s Summit’s Brand,

  • Board Effectiveness.

In the coming weeks and months, the staff and Executive Committee will sift through attendees’ recommendations. While our mission will remain the same -- Community Product Improvement, Business Retention and Expansion, Targeted Industry Attraction and Community Image Enhancement --certain new initiatives discussed at the retreat are already being considered within these broad goals.

  • "Lunch with Jim:" This will be an investor- and interest-group-driven forum to brief investors and industry peer groups on Lee’s Summit issues and events. Arranged and hosted by investors at a place of their choice, Jim and a member of the Executive Committee will be on hand to discuss current issues and events. The details are yet to be worked out, but if you are interested in hosting a lunch with Jim and a member of the Executive Committee, let us know.
     

  • Increased collaboration with the Lee’s Summit Chamber on areas of mutual interest such as small business development and entrepreneurship.
     

  • Focusing on workforce issues and needs: Lee’s Summit’s strength lies in its people and their skill sets. How we market our workforce assets and provide for a diverse workforce will set Lee’s Summit apart from other communities.
     

  • More face-to-face outreach to metro opinion- and decision- makers.
     

  • Increased input in local, regional and state issues affecting Lee’s Summit’s competitiveness.

County Executive Mike Sanders Meets Eastern Jackson County Realtors

 

Lee’s Summit EDC, along with the Eastern Jackson County Development Alliance, recently hosted the first quarterly meeting of the Eastern Jackson County Realtors Roundtable at Chapel Ridge Banquet Center. The Roundtable, started in Lee’s Summit, has evolved into a quarterly event hosted by members of the Eastern Jackson County Development Alliance. The next one will be in Independence in April.

In addition to a presentation about Legoland and the sharing of leads, the group of over 50 people welcomed newly elected Jackson County Executive Mike Sanders, who shared his vision for Jackson County and answered questions. The attendees were impressed with Sanders’ commitment to listening and learning from the eastern Jackson county electorate. The county executive reaffirmed his commitment to work with the local economic developers in mutually supportive ways.

Legoland Watch

As Chairman Nancy Blackwell recently said, "Let the conversation begin," and so it has. Legoland is the topic of print and electronic media coverage; it is the talk at coffee shops, school functions and in the classroom.

The City is currently awaiting more information on the costs and benefits of the theme park, its hotel and convention center, the festival retail, aquarium and spin-off development. Be assured that this project will be the subject of professionally directed due diligence and public scrutiny. After all, mega projects require mega attention on both the pros and cons. We are confident, however, that with communication and collaboration, the right balance for Lee’s Summit will be determined, and the Council will make an informed decision.

One thing is for sure, this is a high profile project which has and deserves considerable discussion and scrutiny.

Southern Gateway Business Alliance Formed

LSEDC has been asked to staff an informal group of business executives from businesses south of 50 Highway. The group, which employs over 1,000 people, will meet regularly to learn what is happening in the city and share issues and concerns in areas of workforce development and transportation. City staff recently briefed the group on the projects proposed in the ½ cent transportation sales continuation. Of special interest were the proposed improvements to Bailey Road, Jefferson Street and Lee’s Summit Road. The alliance passed a resolution supporting the ½ cent sales tax continuation. LSEDC investors in the alliance include: Plastics Enterprises Co., Inc; Toys R Us; Metcraft Industries; American Food Service; R&D Tool & Engineering; Billy Goat Industries; and Geiger Ready Mix. Plastic Enterprises President Chuck Koester serves as the informal chairman of the group.

Retail Development: An Important Economic Development Strategy

A recent poll of 4,000 economic developers demonstrates that retail development is a widely accepted strategy for communities needing cash to fund growth and expanding public services. A recent survey by The Buxton Company, a leader in customer analysis and retail site selection, revealed:

  • 85% of communities surveyed use retail development as a component of their economic development strategy

  • 69% of communities offer incentives to retailers
     

  • 52% offer infrastructure assistance

  • 42% offer tax increment financing (TIF)

  • 26% tax abatements or exemptions

  • 25% loans or loan guarantees

  • 21% grants

Why do communities want more retail development?

  • 85% for a better quality of life

  • 81% for increased sales tax revenue

  • 86% to encourage residents to shop and dine within their community

  • 72% to stop retail leakage

Arts and Culture Contribute to Community Quality of Life and Economy

Retail isn’t the only strategy to improve a community’s quality of life. Arts and Culture are major contributing economic drivers to local economies and infrastructure in the metropolitan area. They add over $279 million to our local economy, and billions more nationally.

 The City of Lee’s Summit has engaged a nationally-recognized consulting firm, AMS Planning & Research, to oversee the research and prepare the City’s first Cultural Plan. The Cultural Plan will set future priorities in areas such as public art and arts education, and make recommendations on how the City can best support arts and cultural programs and organizations.

 Input will be obtained by intercept surveys of residents on a random basis over the next several weekends. Results from this survey will help set direction for the City’s cultural plan.

 Members of the public also have an opportunity to complete this survey on the web and provide valuable input to the City. Please visit the consulting firm’s website at http://www.ams-online.com/, click on the Community Forum tab, and then on the Lee’s Summit Cultural Plan Resident Survey link. The survey takes about 5-10 minutes to complete.

 The development of a cultural plan is a significant step towards maintaining the livability and quality of life for residents of Lee’s Summit. Arts and culture contribute not only to the esthetic of our community, but to the economic viability and vitality of the city overall.

Community Image Has Steadily Increased In Site Selection Importance

Site selection guru Bob Ady’s January 2007 newsletter affirms the importance of one of LSEDC’s goals: Community Image Enhancement.

Bob’s newsletter states: "In a typical site location checklist, 50 to 100 factors may be evaluated before selecting a final location for a new facility. Of course, the relative importance of each location factor varies according to time, company, and type of operation. But general trends have always been discernable, especially to those in the site selection business. Generally, tight labor market conditions swung the location criteria pendulum to quality of life factors and global competition to cost containment.

However, there is one location criterion today that defies the macro-pendulum swing described above - the importance of community image on site selection. Based on Ady International experience, this location factor has steadily increased in importance in recent years. This has been caused by a more critical assessment of community image by relocating transferees and the high level of global labor market competitiveness.

How exactly is community image measured? There is no simple answer. It is difficult to identify and even more difficult to quantify. Currently, it represents a mix of traditional factors and new factors. Among the traditional factors are quality of education, crime rates, and various lifestyle considerations. Newer evaluative yardsticks include the physical appearance of the community, after-hour activities, and ease of newcomer assimilation, especially foreign nationals.

In addition, image is now being more closely evaluated at the corporate level. The image that a community projects is intrinsically linked to the image that the company projects. This also drives the increasing importance of image as a site location factor.

Never discount the importance of 'community image' in the site selection process. It is increasingly the tie- breaker among finalist locations."

New Business Portal for Small and Start-up Businesses

It is an axiom in economic development that the majority of new jobs are created by small business. Governor Blunt and Secretary of State Carnahan recently launched the Missouri Business Portal, a new Internet site to help entrepreneurs in Missouri start their own small business. The new business portal is a one-stop-shop for Missourians looking to start their own business or grow their existing business. It combines state resources making it as easy as possible for entrepreneurs and business owners to get the information they need to start or grow their business in Missouri. Visit the Missouri Business Portal Internet site at http://www.business.mo.gov. In the near future, LSEDC will be adding some links for small businesses and entrepreneurs as well.

Investor Focus
The Zimmer Company: A Kansas City Real Estate Institution With Strong Ties in Lee's Summit

Each quarter we highlight an LSEDC Investor company in our E-Newsletter. If you would like to be featured, attend our Quarterly Investor Meeting and drop your business card in the box. If your card is drawn, you will be featured in an upcoming e-newsletter.

Since its founding in 1948, Zimmer has been providing commercial real estate service to its clients in the Midwest, across the country and throughout the world. Zimmer began business as A.W. Zimmer & Company, an industrial real estate brokerage firm, and has evolved into an interrelated group of commercial real estate companies offering brokerage, development, project management, property management, corporate services and consulting services to its broad base of corporate and governmental clients. Zimmer has helped shape the skyline of Kansas City and has made major contributions to the economic growth of its metropolitan area and surrounding communities like Lee’s Summit. Zimmer has been responsible for the development of over 2,500 acres of planned business parks and over 28,000,000 square feet of commercial buildings.

Clients look to Zimmer for solutions to their real estate problems. Today, Zimmer Real Estate Services, L.C. is operating with the third generation of its founding family active in the company and with business units in the industrial, office, retail and urban residential fields. Recent major projects include acting as Owners' Representative of the 4,000,000 square foot Sprint World Headquarters Campus, as well as the new Federal Reserve Bank of Kansas City Headquarters, co-developer of the 630,000 square foot office tower at 2555 Grand Boulevard, Master Developer of the 400-acre Village West Tourism District, and developers of the 100-acre Beacon Hill Residential Neighborhood Redevelopment area. As it looks forward with confidence to the future, Zimmer offers years of experience and technical prowess to its many clients, both large and small.

Gary O’Dell is Zimmer’s representative in Lee’s Summit. He offered these comments on the LSEDC.

Why did you join the LSEDC?
Zimmer has been active in Lee’s Summit for many years. In our business you have to know what is happening in the communities you’re working in, and the LSEDC is one of the best organizations in the area in the economic development business. It has been a great place to meet people and to stay in touch with what’s going on in Lee’s Summit. The Zimmer organization has always been very impressed with the LSEDC.

What have you gained from your investment in the LSEDC?
The contact with other members. The LSEDC members and staff are just good people to know. The Lee’s Summit business community is very impressive and being involved in LSEDC it makes us all better.

What projects are you currently involved with in Lee’s Summit?
Zimmer has a wide range of experience in Lee’s Summit. We started in the city working with Aquila with the development of the Lee’s Summit North Business Park and the Lee’s Summit South Business Park. Other development projects include the Blue Parkway Business Center and Rollins Meadows. We have had success partnering with John Ivey in the lease-up of the Lakewood Business Park, and our current projects include the marketing of the Eastside Business Park, the available office space at 3350 NE Ralph Powell Road and 255 NW Blue Parkway, which are two of the finest office buildings in Lee’s Summit.

Zimmer is located at 1220 Washington Street, Suite 200, P. O. Box 411299
Kansas City, Missouri 64141-1299
Phone: 816-474-2000 Fax: 816-421-6666 www.zimmercos.com


Gary’s direct line is 816-268-4218, e-mail
godell@zimmercos.com.
 

LSEDC Supports Renewal of 1/2 Cent Transportation Sales Tax
LSEDC Retreat a Success
County Exec Mike Sanders Meets Eastern Jack Realtors
Legoland Watch
Southern Gateway Business Alliance Formed
Retail Development Important
Arts & Culture Contribute to Quality of Life and Economy
Community Image & Site Selection
New Business Portal for Small, Start-up Businesses
Investor Focus: The Zimmer Company

The following list includes our newest investors since December 2006.

Welcome New Investors

Benefactors - $2,500 - $4,999
Adams-Gabbert & Associates - Jo Anne Gabbert


Emery Sapp & Sons - Tim Paulson

Great Southern Bank - Henry Heimsoth

Patrons - $1,500 - $2,499
Spaces Inc. & Evologic - David Anderson

Investors - $750 - $1,499
Curry Investment - Michael Sweeney


The Fristoe Group - Daren Fristoe

For a complete listing of ALL of our Investors, click here.