Presented by: St. Louis Economic Development Partnership Toolbox for Growth Presented by: St. Louis Economic Development Partnership

Our Mission and Organizational Structure To lead in the development and growth of long term diversified business and employment opportunities by creating innovative solutions that generate increased wealth and enhanced quality of life for the citizens, businesses and institutions of the St. Louis region. Saint Louis Economic Development Partnership World Trade Center St. Louis St. Louis Mosaic Project EB-5 Business Development & Finance Innovation & Entrepreneurship St. Louis Venture Works Marketing & Communications General Counsel Real Estate & Community Development Strategic Initiatives Advanced Manufacturing

Business Development Business Retention/Expansion Clusters Track companies for growth Facilitate incentives and financing Solve Infrastructure issues Examples – NGA, Cushman & Wakefield Focus on growing sectors in the region Target funding mechanisms that assist company expansion Collaboration Collaborative effort with communities to produce common goals and objectives – getting everyone on the same page Clusters

Programs State programs Local programs Missouri Works / Zone Works Training BUILD and Tax Credits for Contribution Brownfield Tax Credits Sales tax exemptions for energy & equipment – Manufacturing Only Local programs Chapter 99/100/353 & TIF/EEZ/FTZ Sales tax exemptions on construction materials Local training programs – SLATE , On-the-Job Training New Markets Tax Credits

Basics on Programs MO Works & Zone Works 10 new jobs, 90% of county avg. wage (MO works); 2 new jobs min., 80% of county avg. wage (Zone Works) Retain state w/h taxes Must offer group health insurance Chapter 100 Only program that can provide abatement for real & personal property Chapter 99 Up to 10 year abatement exclusive of improvements. Project must be substantially completed as well as having obtained the occupancy permit before being implemented Must be “blighted area” Chapter 353 Tax abatement available for 25 years. Typically first 10 years, real property receives 100% abatement May receive remaining 15 years at 50% abatement Must be “blighted area”

Basics on Programs New Market Tax Credit’s Revolving Loan Fund Location-based incentive Gap financing tool Offers ~20% equity into the project Community impact driven New Market Tax Credit’s Partnership w/ Advantage Capital $500K - $5MM Lending Range Designated specifically for Operating Businesses Revolving Loan Fund

Typical 504 Loan Structure Existing Business, Multi-use Building 50% Bank 40% BFC 10% Down payment New Business OR Single Use Building 50% Bank 35% BFC 15% Down payment Both New Building and Single Use Property 50% Bank 30% BFC 20% Down payment

SBA 504 Loan Program Overview Advantages to program Low 10 or 20 Year Fixed Rates Lower Down Payment (Typically 10%) Longer Terms on Equipment Preserves More Liquidity in Business Collateral Typically Limited to Project Property Eligible costs Land & building acquisition Construction or renovation Purchase of heavy machinery or equipment Reasonable contingencies Furniture & fixtures (typically 30% of project amount) Generally “soft costs”(i.e., professional fees & construction interest)

Specialty Loan Programs BOOST Loan Program Purchase of fixed-asset such as buildings or large equipment Faster turnaround than the SBA 504 Revolving Loan Programs (Metropolitan Loan Program & EDA Loan Program) Can be used for most business purposes Typically must create at least one job per $35,000 borrowed Can be a good gap filler for larger projects Most programs do require a bank decline letter or bank participation IDA Bonds Projects in excess of $2 million For manufacturing or 501(c)(3)

Past Projects in University City Loan through the SBLP program for SLEDROC Construction – minority owned contractor SBA 504 for the purchase of the building at 6262 Olive Blvd for Formula Impressions Corp. d/b/a Cruisin’ USA Small loan for the Palomino Lounge, located right outside of U City on Delmar.

39° North – Plant Sciences Innovation District Proposed Master Plan Creve Coeur Location Shared use greenways Central along MO Agriculture Corridor Mixed-use Center of Activity Proposed Folded Diamond Intersection

STL Venture Works wellston west county helix center grand center south county

Real Estate & Community Investment Staff Support Land Clearance Redevelopment Authority Promise Zone St. Louis Port Authority EDA Fund STLVentureWorks Property Management Community Development Block Grants Jamestown Mall Lemay Streetscape New Construction Special Projects

World Trade Center – St. Louis What we do Increasing trade & investment Trade training & education Foreign market research Foreign Trade Zone EB-5 foreign investment Enhancing connectivity Inbound & outbound delegations St. Louis Sister Cities

Mosaic Project – Programs Mosaic Ambassadors Program 700+ people, 32 schools, 6 companies Professional Connectors Program- over 120 foreign-born assisted in career networking International Students/ Corporate Hiring Program Immigrant Entrepreneurship St. Louis Shows Biggest Gain in Foreign-Born Population of 20 Largest Metros

Contact Info St. Louis Economic Development Partnership www.stlpartnership.com – 314-615-7663 Business Development Jason Archer VP of Business Development jarcher@stlpartnership.com 314-615-8139 Jeff Frankel AVP – New Market Tax Credits jfrankel@stlpartnership.com 314-615-1613 Zack Folk Business Development Specialist zfolk@stlpartnership.com 314-615-7676 Business Finance Judy Cromer VP of Business Finance Operations jcromer@stlpartnership.com 314-615-7689 Ron Epps AVP of Business Finance repps@stlpartnership.com 314-615-8146