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Missouri Partnership FY 2017 Annual Report Guiding Principles

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Missouri Partnership FY 2017 Annual Report Guiding Principles Missouri Partnership FY 2017 Annual Report Guiding Principles: OUR PURPOSE To increase economic prosperity throughout the state by attracting new jobs and investment to Missouri. OUR VALUES Accountability: Take ownership of our actions and results. Use our resources responsibly. Always keep our commitments. Quality: Pursue excellence and professionalism as both our standard and our competitive advantage. Always push to be better. Partnership: Treat our stakeholders and partners as full members of the team, with high expectations everyone will fulfill his/her respective role. Be transparent and inclusive while honoring requirements of confidentiality. Commitment: Demonstrate wisdom, creativity, and the persistence necessary to consistently win new projects for Missouri. Be committed to the team, open communication, and considering new ideas from anyone. A Message From the Chairman FY2017 was a record year for Missouri Partnership. Our top line results are measured in new jobs, annual payroll and investment created by the projects we win. Working with the Missouri Department of Economic Development and economic development organizations across the state, we closed 24 deals that will create more than $575 million in new capital investment, almost $200 million in new annual payroll, and nearly 4,000 new jobs—all three of these totals are the highest ever for Missouri Partnership. We launched a new brand on July 1, 2016, and a new web presence in August. These were the foundation for a complete upgrade of our digital outreach strategy, which targets corporate decision makers around the world within Mike Deggendorf Missouri’s key industries. The results have been very encouraging. Chairman of the Board of Directors Our team understands we are in an intense global competition for new investment and jobs, and looks at everything we do through the lens of our Purpose Statement: to increase economic prosperity throughout the state by attracting new jobs and investment to Missouri. This past year has seen not only continued success in the regions surrounding our two largest metros, but also success throughout the state in Springfield, Warrensburg, Columbia and Pettis County. We were presented with some severe budget challenges toward the end of FY2017, though I believe we’re now on solid footing. The strong support through all this from around the state and the Governor’s Office was tremendous. In FY2018, we will continue to build on the new brand and strategically select our outreach opportunities—both online and in person. We will continue to build on Missouri’s legacy strengths in logistics and distribution, automotive, aerospace, financial services and food solutions, while also promoting our emerging leadership in health innovation, agtech and energy storage. And we will continue to work with our economic development partners around the state in order to deliver a well-coordinated, customer-first approach to business recruitment that is efficient, always confidential, and highly effective. Missouri has great things in store, and we are honored to serve our entire state to help attract companies from across the globe that create jobs and investment that benefit every citizen. Sincerely, Mike Deggendorf CEO, Grid Assurance Chairman, Missouri Partnership Board of Directors Missouri Partnership 1 Fiscal Year 2017 Report Missouri Partnership Overview of Missouri Missouri Partnership works statewide to connect companies with the best Partnership locations and solutions for their busi- Founded in 2007, Missouri ness goals, in partnership with the Partnership is a public-private Missouri Department of Economic economic development partnership Development, the Hawthorn designed to increase the visibility of Foundation and economic develop- Missouri as a globally competitive ment agencies across the state. business location and attract new jobs and investment to the state. We are an expert resource to support them when the time is right to look Since 2009, we have led or sup- at Missouri. ported the successful recruitment of 129 projects, resulting in the announcement of nearly 17,000 new jobs, more than $873 million in new Purpose and Values annual payroll and $1.74 billion in new Purpose: To increase economic capital investment. We are focused prosperity throughout the state by on attracting businesses to Missouri attracting new jobs and investment by promoting the business strengths to Missouri. of Missouri and our expert team provides direct support to companies Values: Accountability. Quality. interested in investing in Missouri. Partnership. Commitment. 2 Where We’ve Been Missouri Partnership’s events, trade shows, and meetings across the globe in FY2017. Missouri Partnership Strategy Map: FY2017–2018 Purpose To increase economic prosperity throughout the state by attracting new jobs and investment to Missouri Destination Over the next two years the Partnership will facilitate new business investment leading to the creation of 5,000 new jobs, $250 million in new annual payroll, and $500 million in new capital investment Value Proposition Deliver location-based solutions that meet customer’s strategic needs: Provide real estate solutions; Liaison with community & state agencies; Counsel & advise; Create certainty Internal We will deliver this value by working through four Strategic Themes: Strategic Outreach: Advocacy for the Project: Partnership Philosophy: Financial Stewardship: Build a stronger Provide best-in-class, Work with partners to Adhere to financial project pipeline solutions-based increase competitiveness best practices; Improve project management statewide stakeholder ROI Learning & Growth Financial Align right people – right job; Secure & grow funding for operations; Ensure data-driven marketing/recruitment practices; Maintain targeted operating reserve; Demonstrate Partnership values in everything we do Maximize resources for marketing & recruitment Missouri Partnership 3 Fiscal Year 2017 Report Key Sectors Advanced Manufacturing North America’s Network Logistics Center Missouri is a center for advanced Missouri knows logistics, and can manufacturing excellence, making move products to the global market the latest in military and commercial quickly and efficiently. Missouri is aircraft, and many of America’s top North America’s rail, river, road, air selling trucks and vans. and pipeline crossroads. Global Agtech Leader Energy Solutions Missouri is the global leader in agtech Missouri’s innovative energy research and gateway to the future of ad- and manufacturing positions Missouri vanced farming, leading the way with as a prime location for companies in innovative technology and research the energy storage sector. that is transforming agriculture. 4 Financial & Professional Services Missouri has a depth of talent, with more than 236,000 employed in financial and professional services and many more providing technical support to companies nationwide. Food Solutions Missouri’s robust food production sector includes more than 300 companies due to Missouri’s leading role in agriculture and easy access to global distribution. Health Innovation Cerner, Centene and Express Scripts are all companies synonymous with Missouri’s reputation in health innovation. These companies, and others across the state, are remaking the health industry. Missouri Partnership 5 Fiscal Year 2017 Report Fiscal Year 2017 Results American Outdoor company chose to move forward with Missouri, crediting it for its highly- Brands Establishes skilled workforce, central location, National Distribution and new, conservative leadership. Center in Columbia Governor Eric Greitens announced that American Outdoor Brands Food Solutions Company Corporation (AOBC), a company Announces Plans to that represents a broad portfolio of entities in the hunting and outdoor Invest $100 Million, enthusiast market, including Smith Create 150 New Jobs & Wesson, intends to establish a in Missouri 500,000 square foot national distri- Aurora Organic Dairy, a leading bution center in the Columbia area of producer and processor of store- Boone County, creating around 300 brand organic milk and butter for U.S. jobs in the next several years. retailers, announced plans to con- struct a new dairy processing facility AOBC acquired Columbia-based in Columbia, Missouri. The new $100 Battenfeld Technologies in 2014. The million facility is expected to create company is planning to construct a 90 jobs initially, with the possibility new, larger building in the area to ac- of creating up to 150 total new jobs commodate the 100 employees that over the next five years. currently operate out of its facility, as well as the hundreds of new team “The decision to build our second milk members that are expected to be plant in Columbia culminates several hired in the future. years of research and diligence to determine the optimal location for Missouri competed against several a new processing operation,” Marc other states to land AOBC’s $55 Peperzak, founder and CEO of million-expansion. Ultimately, the Aurora Organic Dairy, said. “Columbia 6 was the best choice because it offers a location that expands and improves the efficiency of our total supply chain, from organic feed, to milk, to consumer. Central Missouri also of- fers a great workforce and attractive access to major interstate highways. We are excited to break ground on our new facility later this spring.” Above: A rendering of the future Aurora Organic Dairy facility Right: Governor Eric Greitens announc- es that American Outdoor
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