arts mean business one a

Quality of Life – The Arts ---- Connects the Community

THE ARTS MEAN BUSINESS

The Arts Mean Business

The Arts Means Business

The Arts Builds Leaders

The Importance of the Arts

“In my own philanthropy and business endeavors, I have seen the critical role that the arts play in stimulating creativity and in developing vital communities. As this study indicates, the arts have a crucial impact on our economy and are an important catalyst for learning, discovery, and achievement in our country.” Paul Allen – Co-Founder Microsoft

Riverfront Arts District in Hamilton

Economic Development Impact of Arts

55,000 to 75,000 program participants

Over $5M in funds brought into the local and regional economy

Access to the Arts improves the quality of life

The Arts Economic Impact - National

1

2

3

4

0 20 40 60 80 100 120

Arts Economic Impact

2005

2000

Organization Expenditures

Audience Expenditures

Organization Expenditures

Audience Expenditures

Billions of Dollars

$63.1

$103.18

$53.2

$80.8

Butler County Community Art Centers

and Arts Resources

Fairfield

Middletown

Hamilton

Butler County

Oxford

Fairfield’s Village Green

Regional Economic Development

Fitton Center for Creative Arts Middletown Arts Center and the Pendleton

Arts Center in Middletown Fairfield Community Arts Center The Arts Council of West Chester and Liberty Oxford Community Arts Center

Art Investment and Resources in Butler County

Regional Art SW Ohio

Cincinnati Contemporary Art Center

Dayton Art Institute

Art Institute of Cincinnati

Use powers to enhance, support, facilitate and coordinate the economic health of Butler County

Butler County Port Authority Mission

BCPA Board Meetingin St. Clair Township

Ohio Port Authority Projects

Music - Arts -Entertainment

Sports Akron Civic Theater

Port Authorities in Ohio

Ohio Revised Code 4582Broad powers under ORC 4582: Allows transactions, grants, sales tax and financing cost savings

Established financing and project development capability in the late 1980’s

BCPA started in 2004 and operational in 2005.

Butler County Port Authority ProjectsProjects 2005 to 2010 Projects

Quaker Chemical Middletown Regional

Hospital Deconstruction YMCA Electric Lock Switch – Rail Intermodal Rail Study Intelligrated Greenwood Fuels

Butler County Port Authority

Ohio Revised Code Section 4582 Provides bond funding for projects in Ohio Revised Code 4582Broad powers under ORC 4582: Allows transactions, grants, sales tax and financing cost savings

Established financing and project development capability in the late 1980’s

BCPA started in 2004 and operational in 2005

Conduit Financing Off Balance Sheet financing as owner

of facility Third Party Grant Management During construction Port ownership of

property can provide sales tax savings $3M and larger Transactions

Types of Organizations for Port Authority Projects

Port Authority

Not for Profits

For Profits Private Sector

Institutions and Healthcare

Rail Project Car Rebate and

Grants

Commercial Lending and Funding Categories

1. Economic Development Organizations and Banks – private and public ---- CDC example

2. Angel Investors and Venture Capitals3. Investment Bankers4. Public Markets

American Recovery & Reinvestment Act of 2009

Strategy and Funding Process

Local PrivateState Non-ProfitFederal Institutions

American Recovery & Reinvestment Act Walkable Waterfronts and ODOT funding

Collaborative Partnerships to develop projects with Institutional partners

Policy

Strategy

Funding

Strategy

Funding for Project

Development

Funding Sources:Ohio Dept. of Development, Ohio Dept. of Transportation, Ohio Rail Development Commission – freight and intermodal

Clean Ohio Revitalization Funds, ORDC Grant, BRLF, USEPA , Bonds

Example: Strategy for USEPA Grants

BCPA Transactions

Economic Development

Banks

PartnersThe Arts

ODOD

CustomerExpectations

Meeting Customer Expectations

Financing Projects

Benefits of PA Financing and Programs

New jobs New payroll dollars New sales tax revenues New health care and

educational resources for the community

New construction job opportunities

New investment

The Goal: Benefits to Butler County

Quality of Life Redevelopment & Development in Butler County

Riverfront Arts District, ArtSpace, RiversEdge, Boathouse, Riverside Riverwalk

Pendleton Arts Center in Middletown and Downtown Redevelopment

Middletown, Hamilton, Fairfield and Trenton - Bike Path for Riverfront

Oxford Arts Center and the Art Council of West Chester and Liberty

The Arts, Riverfronts, Recreation and Outdoor Pursuits, Health and Wellness,

Education

Fairfield and Middletown Redevelopment

Patterson Place Redevelopment in Fairfield Pendleton Art Center in Middletown

Butler County

Aquifer and Water Rail and Interstate Access Education Resources Quality of Life Opportunities in the Arts "Liveability" is what Butler County is all about. The county's

desirable location along Interstate-75; healthy mix of businesses and services; strong educational network; accountable government; and array of cultural, civic and recreational offerings make Butler County one of the most exciting growth areas in Ohio and the Midwest.

The Arts Mean Business Key Points Strategy – Sources and Uses of Funds The Port Authority can do a wide range of projects Importance of the Arts and Quality of Life Projects

for the future of Butler County and the region Leadership Means Action -Support Strategic

Planning Organizations such as CICs, Chambers, Economic Development Organizations and Planning Departments

• Pepsi• The Fitton Center for the Creative Arts Staff • The Coach House Staff• The Greater Hamilton Chamber of Commerce and

Leadership Hamilton• The Butler County Port Authority Board• Judy Campbell and Brenda Myers

Recognition and Thank You