Approved: Hawks Prairie Logistics Park

Last night the Lacey City Council approved the master site plan and wetland development permits for Hawks Prairie Logistics Park, a 130-acre industrial development that will feature three buildings totaling 1.9 million square feet of industrial space.  The main building on the site will house a new Home Depot distribution center.

Our firm played an instrumental role in the project’s approval, providing the project’s economic impact analysis and performing required land use analysis to address the policies and conditions that limit the granting of wetland development permits.

Additionally, we provided early project management services to support the project’s pre-application site plan review,  the processing of the land use applications, and the facilitation of a meeting with the adjacent residential neighborhoods.

The Impact of Micropolitans

Our firm focuses the majority of our economic development consulting services on Micropolitan Statistical Areas.  Why?

  1. There are 551 micropolitan areas which are comprised of 21% of the nation’s counties.
  2. Micropolitans are labor market areas with at least one urban core of no less than 10,000 population and no more than 50,000 population
  3. Total population in micropolitan statistical areas can range from around 11,000 to over 200,000
  4. Pearsall, TX (Frio County) is the nation’s newest micropolitan, having been announced in OMB Bulletin 18-03 in April 2018
  5. Micropolitans have a significant footprint across the US

The following map shows the footprint of Micropolitans across the US.

You Should Know the Economic Impact

How often have you. . .

  • Heard a company press on a city or county to make a decision based on their economic impact locally, but without any data?
  • Considered incentives for an economic development deal without knowing more than the number of jobs and total investment as given by the company?
  • Lacked specific information on the projects your economic development group helped support?
  • Had a developer tout the economic benefits of their proposed speculative building, but not have data to back it up?

In every case, it is important to have this data:

  • To help prioritize how to invest your resources
  • To ensure incentives are based on a ROI to your community
  • To prove the effectiveness of your EDO

Our firm helps our clients (cities, EDOs, companies) with the analysis of the economic impact.  Relying on RIMS II multiplier data from the BEA, we can help you analyze and determine the direct, indirect and induced impacts of a project (or projects) on jobs, economic output and wages.

Contact us and let us help you determine the impacts of your next project.

 

If You Don’t Have a Certified Site, You Need This

Site certification has gained importance over the last several years as states, utilities and railroads create certification programs.

But what if you can’t afford to “certify” your site?

Simple, you can do your own due diligence as if you were the project.  Why?  Because site certification was really born out of economic developers not being prepared and knowing their available sites as integrally as they should.

Below is a simple template we use in the early stages of competing due diligence for our private sector clients.  And, if you have this information on hand, I’m confident that you’ll save yourself a lot of time the next time your asked to respond to a site selectors RFP.

Preliminary Industrial Site Assessment verson 1.3

Spencer Project Complete

On Monday (Jan 7, 2019) we presented the Spencer City Council (Spencer, Iowa) with a final draft of their Economic Development Strategic Work Plan.  The plan, developed in conjunction with the city’s Grow Spencer Commission, covers a range of economic development initiatives for the next five years.  Check out the plan.

In accepting the final plan, the Spencer City Council unanimously approved a resolution to implement the plan.

News Coverage:
Council Approves Grow Spencer ED Plan (KCID-FM)