Economic Development

Focused on the Future

Goal

In 5 years, beginning January 2008, The Chamber Coalition’s Economic Development Division will work to support the creation of:

• 100 Businesses with 10 Employees Each

• 10 Businesses with 100 Employees Each

OrganizationThe Economic Development Committee has operating and administrative authority that is autonomous from the Board of Directors

•Separate Leadership

•Separate Bank Accounts

•Dedicated Staff

CBCC Board of Directors

Marketing

Economic Development

Committee

Retention Expansion Start-Up Entrepreneurship Recruiting

Membership Services Finance

AdvocacyInfrastructure

Government Affairs

Economic Development Committee

• Lyle Hutchens - Chair, Devco Engineering

• Skip Rung, ONAMI

• Ron Adams, OSU Engineering

• Bob Warren, Business Oregon

• Katherine Cleland, Cleland Marketing

• Chuck Crowe, ATCO America

• Rich Holdren, OSU

• Bob Baird, The Book Bin

• Chris Nordyke, State Farm Insurance

• Eric Blackledge, Blackledge Furniture

• Matt Andresen, Sherpa Dash

STAFF• John Sechrest, Economic Development Director (1.0 FTE)

• Aaron Edewards, Recruiter (.5 FTE)

Ex Officio• Kathleen Hutchinson, Business Enterprise Center

• Separate bank accounts• Separate accounting• Budget by event/program• Dedicated staff

Chamber Coalition$609,000 (Budget)

www.cbchambercoalition.com

PTF Plan Administration

$24K

www.prosperitythatfits.uswww.prosperitythatfits.com

Traditional Chamber

Membership Based Services

$362KDues $232KNon Dues $130K

www.corvallischamber.com

Traded Sector Economic

Development Services

$223KPublic $103KContracts $19KPrivate $101K

www.corvallisedp.comwww.willametteconference.com

www.cityclubofcorvallis.org

STAGE 0 STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5Concepts Start Ups Entrepreneurs Revenue Professional Exit Opportunities

Pre Product Product Capital Management SuccessionEarly Stage Testing Distribution Brand Name AcquisitionDevelopment Customers Profits Product Variations

Production0 1 Employee 11-99 100-499 500+ 500+

Employees 2-10 Employees Employees Employees Employees Employees

Start-Up (Outreach)

ED Staff Support• Recruited entrepreneur from

Lab2Market (Portland)• Connection to key researchers that

moved the idea into a product• Identification of professional

management team• SWOT Team• Investment a result of SWOT pitch• Introduction to the BEC• Assistance in locating space coming

out of BEC

“…We do thank John and the Chamber, theyreally have been an instrumental part of bringingus here and leading to our success so far.”

-Jon Hoffmeister, Founder

Stage: 2

Current Employees: 25

Employee Growth: 25

Client since: 3/2007

Investment: $2,100,000

Outreach ServicesStage 0&1 Need:• A place to regularly work

with business ideas, to vet with other entrepreneurs, to ask and be asked tough questions and develop solid business ideas

Tools:• Entrepreneurs Forum• Tech Pub• Beaver Bar Camp• StartUp Weekend• E-Tailers Forum• Peer Learning Groups• 1:1 Consultation

  

Since July 1, the ED Division has provided OUTREACH services to 74 of the 121 companies listed as significant clients.

Expansion (Facilitation)

ED Staff Support• Recruited project• EZ Application assistance• Infrastructure support• Business facilitation• Advocacy

“John and the Chamber were a critical resource for my firm as we looked to relocate and build our new Headquarters.  John made us aware of the opportunity that existed building in the enterprise zone and once we decided to pursue this,  literally walked us through the process.  The net result is New Corporate Headquarters doubling our space, immediate increase of employment, and a commitment to increasing our local workforce with solid family wage jobs.

-Tom Gerding, Owner

Stage: 2

Current Employees: 65

Client since: 6/2009

Investment: $2,000,000

Facilitation ServicesStage 1&2 Need:• The ability to balance product,

marketing and financial management

• A sound business plan• Leadership and management

expertise• Resources• Access to entrepreneurial

networks• Coaches/mentors willing to ask

the right questions and help entrepreneurs find the answers.

TOOLS:• SWOT Facilitation Teams• Mentors/Coaches• Workshops and Education• Entrepreneurs Forum• Tech Pub• Beaver Bar Camp• StartUp Weekend• E-Tailers Forum• Peer Learning Groups• 1:1 Consultation

  

Since July 1, the ED Division has provided FACILITATION services to

74 of the 121 companies listed as significant clients.

FundingED Staff Support• SWOT Pitch• Angel Conference Participant• Facility Support• Acceleration Support• Angel Conference Winner

“CenterSpace Software came to John Sechrest with a vision but without the expertise to make it happen. John guided us through the SWOT process during which we tore apart our vision and remade it. He put us in touch with landlords, marketing people and investors. He

urged us to sign onto the WAC process. We did so and struggled. The WAC membership criticized and cajoled us. They challenged us to think bigger. We came up with a new aggressive vision and won the WAC investment. Since then, we've been fortunate to have the WAC guide us along the path to success. We look forward to working with John on our eventual expansion.”

Trevor Misfeldt, CEO

Stage: 1

Current Employees: 8

Employee Growth: 4

Client since: 1/2009

Investment: $125,000

Funding ServicesStage 1, 2 & 3 Need:• Access to financial resources• Preparation for funding

opportunities that include: – Friends– Family– Financial Institutions– Outside Investors– Potential partners– Angels & Angel Investor Groups – Conferences– Venture capitalists

Tools:• Pitch Preparation• Connections to Experienced

Management• Willamette Angel Conference• SWOT• Willamette Valley Investors

Network• 9 Venture Capital Groups• Local Angels and Venture

Capitalists• Cascades West Financial Services

Inc.• Traditional Financial Institutions• Deal Structure Training• Conference Information

  

Since July 1, the ED Division has provided FUNDING services to

15 of the 121 companies listed as significant clients.

Retention (Acceleration)

ED Staff Support• Grant identification and application

support• Research and information to prevent

relocation• Workforce Analysis• Connection to critical resources

“…We needed timely and quality information to make a critical decisionabout whether to move our operations…We received significantdata from the Chamber Coalition, which allowed us to recommend to our corporate partner that it would be beneficial to our organization if we stayed in Corvallis.”

-Nancy Hawkins, HR Manager

Stage: 3

Current Employees: 125

Jobs Saved: 125

Client since: 8/2006

Payroll + Multiplier: $70,000,000 (Annually)

Acceleration ServicesStage 2, 3 & 4 Need:• Entrepreneurs need

accommodations and support that maximize the productive output while minimizing the entrepreneurs time spent on noncritical activities.

Tools:• The BEC• ONAMI• Microproducts

Breakthrough Institute• Facility Resources• University Plaza• 1:1 Consultation

  

Since July 1, the ED Division has provided ACCELERATION services to 10 of the 121 companies listed as significant clients.

Recruiting(Cluster)

ED Staff Support• Identified location• EZ Application assistance• Infrastructure support• Business facilitation• Advocacy

"As someone who was raised in Philomath and Corvallis, I really wanted to keep investing in the local community.  John was instrumental in helping us locate our new headquarters in the Enterprise Zone and showing us how Corvallis can meet our needs.“

-Jim Richardson, CEO

Stage: 2

Current Employees (In Benton Co):

0

Jobs Coming

(To Benton Co):18

Client since: 11/2009

Investment: $2,000,000

Cluster Support ServicesStage 3, 4 & 5 Need:• Ability to interact with

businesspeople in similar or related industries

• Continual enhancement of performance

• Trend and industry information

• The ability to attract businesses that expand the strength of the cluster for workforce, global competitiveness, etc.

Tools:• Targeted Recruiting• E-Tailers Forum• Software Association• Peer groups• Oregon Biosciences

Association• Trailing Spouse Support• Cluster Mapping • Peer Learning Groups• 1:1 Consultation

  

Since July 1, the ED Division has provided CLUSTER services to 22 of the 121 companies listed as significant clients.

We Know You Have Choices…

The Chamber Coalition’s Economic Development Division Desires:

• A closer working relationship• Aggressive ED policy led by Benton County• Clear expectations and metrics• A significant partnership• The ability to offer more services• Participation on the ED Committee

We Offer the Following:

• Creation of a new partnership• Joint effort to define metrics and expectations• Development of an accountability report and

communications process• Voting seat on the ED Committee• Monthly work session• Point of contact services for economic

development services