ADVANCING BUSINESS TOGETHER FOR OUR REGION

ADVANCING BUSINESS TOGETHER FOR OUR REGION 2 0 1 5 A N N U A L I N V E S TO R S R E P O R T SCOTT LUBBERS Community President Fifth Third Bank 2015...
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ADVANCING BUSINESS TOGETHER FOR OUR REGION 2 0 1 5 A N N U A L I N V E S TO R S R E P O R T

SCOTT LUBBERS Community President Fifth Third Bank

2015 Business Intelligence Report Lakeshore Advantage

AT FIFTH THIRD BANK WE RECOGNIZE HOW CLOSELY OUR SUCCESS IS LINKED TO THE STRENGTH AND VITALITY OF THE WEST MICHIGAN REGION REGION. HAS SEEN UNEMPLOYMENT RATES DROP TO THE LOWEST POINT IN THE PAST TEN YEARS.

FOR OVER A DECADE, LAKESHORE ADVANTAGE HAS LED THE CHARGE IN CATALYZING ECONOMIC VITALITY THROUGHOUT THE REGION—FROM STRENGTHENING BUSINESSES TO ATTRACTING NEW TALENT, SUPPORTING A CULTURE OF INNOVATION AND BOLSTERING THE REGION’S ECONOMIC VITALITY.

WHAT WE DO BUSINESS SERVICES

Retaining, growing and attracting worldclass employers and communities.

TALENT SOLUTIONS

Creating talent development, attraction and retention solutions to ensure a prosperous region.

INNOVATION

Accelerating the success of current and future start-up businesses.

REGIONAL MARKETING & PARTNERSHIP

Sharing information and stories within the private, public and non-profit sectors to plan for the future.

780+

NEW JOBS IN THE REGION

$110+ MILLION

IN NEW PRIVATE INVESTMENT IN 2015

LAKESHORE ADVANTAGE SERVES EXISTING AND PROSPECTIVE BUSINESSES LOOKING TO GROW IN OUR REGION. SCOT LINDEMANN Co-CEO JR Automation Board of Directors Chair Lakeshore Advantage

DAN SHAW Vice President of Operations OMT-Veyhl

HUNDREDS OF PUBLIC, PRIVATE AND NON-PROFIT ORGANIZATIONS CONNECT TOGETHER THANKS TO LAKESHORE ADVANTAGE. ADVANTAGE HAS BEEN A TRUE PARTNER TO OMT-VEYHL SINCE OUR INCEPTION IN 2005. THE TEAM TRULY LIVES UP TO ITS MISSION.

OMT-VEYHL

SUPPORT IN 2015 HAS INVOLVED: Assisted in 22 business expansion projects, resulting in more than $115 million in new private investment. Gained insights from 150+ business leaders to our Business Intelligence gathering system to anticipate local economic trends and opportunities. Proactively engaged and educated over 200 area business leaders. Collaborated with leaders from companies headquartered outside of the region on extending the reach of our community’s value proposition.

BUSINESS SERVICES

LAKESHORE ADVANTAGE IN PARTNERSHIP WITH WEST MICHIGAN WORKS!, GRAND HAVEN AREA CHAMBER AND WEST COAST CHAMBER WORKED WITH AREA EMPLOYERS TO HELP PUT THE STATE’S SKILLED TRADE TRAINING FUNDING TO WORK IN OTTAWA COUNTY.

$784,000

IN SKILLED TRADE TRAINING FUNDING TO OTTAWA COUNTY EMPLOYERS

1,300

AREA WORKERS TRAINED IN 2014.

MICHIGAN SMART COAST SUMMER INTERN SERIES

CINDY BROWN Executive Director Hello West Michigan

ANGELA HUESMAN Vice President, Talent & Innovation Solutions Lakeshore Advantage

WITHOUT LAKESHORE ADVANTAGE, OUR MESSAGE WOULDN’T BE NEARLY AS STRONG. WEST MICHIGAN NOW COMPETES WITH OTHER TOP METROS IN THE COUNTRY FOR THE BEST TALENT. TALENT COMES HERE BECAUSE WE HELP THOSE EMPLOYEES FEEL CONNECTED TO THE CULTURE OF THIS COMMUNITY.

TALENT SOLUTIONS TEAM WORKS TO RETAIN, DEVELOP AND ATTRACT THE WORKFORCE OF TODAY AND TOMORROW.

DEVELOPMENTS IN 2015 INCLUDE: Support to 100+ employers with talent retention, wage information, internship development, employee engagement and other best business practices. The launch of the new Michigan Smart Coast brand and intern programming. Partnerships with education leaders focused on providing information and techniques that our students and college graduates require to support the region’s workforce needs.

TALENT SOLUTIONS

Held four Michigan Smart Coast Intern engagement gatherings in partnership with the West Coast Chamber, Grand Haven Area Chamber and Hello West Michigan this summer.

50% heard

Majority

of interns were pursuing engineering or other technical field degrees.

150

about the events from their employer

INTERNS PARTICIPATED 51% said these

events sparked their interest in starting a career in West Michigan

79% said

they would participate again next summer or recommend these events to other interns.

Marketing Strategy Campaign.

AWARDED BY MICHIGAN ECONOMIC DEVELOPERS ASSOCIATION TO THE MICHIGAN SMART COAST CAMPAIGN.

11 START-UPS

MENTORED AND AWARDED

$125,000

IN BUSINESS ACCELERATION FUNDING.

40%

INCREASED INVESTMENT FOR LAKESHORE ADVANTAGE IN 2015.

150 INTERNS 200+ONE ON ONE PROACTIVE

CONSULTATIONS WITH AREA BUSINESS LEADERS.

HOLLAND SMARTZONE PROJECTED ANNUAL REVENUES OVER 15-YEAR PERIOD.

$7.5 MILLION IN RESOURCES

PARTICIPATED IN MICHIGAN SMART COAST EDUCATION AND LIFESTYLE SUMMER SERIES.

60% OF LAKESHORE ADVANTAGE SUPPORT COMES FROM THE PRIVATE SECTOR.

$784,000

IN SKILLED TRADE TRAINING FUNDING TO OTTAWA COUNTY EMPLOYERS

1,300 AREA WORKERS

TRAINED IN 2014.

YEAR

EACH $1

INVESTED IN LAKESHORE ADVANTAGE CREATED

$175

OF INVESTMENT IN THE COMMUNITY.

JACK JOHNSON Director of Operation Volta Power Systems

BRUCE ADAIR Chief Operating Officer Lakeshore Advantage

LAKESHORE ADVANTAGE HAS BEEN AN IMPORTANT PART OF GETTING VOLTA OFF THE GROUND. WE ARE VERY THANKFUL TO HAVE AN ORGANIZATION THAT INVESTS IN NEW IDEAS LOCALLY. LOCALLY SUPPORTING NEW BUSINESS HAS BROUGHT MILLIONS OF DOLLARS AND HUNDREDS OF NEW JOBS TO THE REGION. WHEN A NEW BUSINESS SUCCEEDS, WE ALL WIN.

LAKESHORE ADVANTAGE WORKS WITH AREA LEADERS TO STRENGTHEN OUR ENTREPRENEURIAL ECO-SYSTEM. HOLLAND SMARTZONE BILL SIGNING

OUR EFFORTS IN 2015:

SMARTZONE PROJECTED ANNUAL REVENUES OVER 15-YEAR PERIOD

Established 22 new business partnerships this year.

$7.5 MILLION

Connected start-ups to over 100 local resources that offer support programs to further their business efforts. Established the Holland Satellite SmartZone, in partnership with the City of Holland, Holland Charter Township, Ottawa County, the City of Grand Rapids and others to bring $7.5 million in additional support for entrepreneurs over the next 15 years. Educated more than 200 professionals on startup support services.

YEAR

INNOVATION

DICK AND MATTHEW HAWORTH GENERATIONS LEADERSHIP SERIES

JENNIFER OWENS President Lakeshore Advantage

SCOTT SPOELHOF Managing Director Bayside Capital

THE TASK NOW IS TO ENSURE THAT THE NEW GENERATION OF LEADERSHIP HAS THE SAME COMMITMENT TO INVESTING IN THE COMMUNITY AS PRECEDING GENERATIONS. GENERATIONS OF BUSINESS LEADERS HAVE CREATED THE ENVIRONMENT THAT MADE OUR COMMUNITY SUCH A GREAT PLACE TO WORK AND LIVE. IT’S NOW UP TO OUR CURRENT BUSINESS LEADERS TO FOLLOW THEIR EXAMPLE.

“WE HAVE A GREAT FOUNDATION TO CONTINUE TO MOVE FORWARD INTO A BRIGHTER FUTURE.” - MATTHEW HAWORTH CHAIRMAN

2015 ACCOMPLISHMENTS: Lakeshore Advantage partnered with multigenerational business leaders to launch the Generations Campaign; a series of discussions encouraging future generations to take the lead in economic development for the region. Lakeshore Advantage met the Ottawa County Challenge Grant, doubling financial support for economic development initiatives throughout the county. 32 new investors and 29 increased commitments led to a 40% increase in overall funding for 2015.

REGIONAL MARKETING & PARTNERSHIPS

INVESTMENT GROWTH

$756K

$786K

$1.2M

$758K

40%

$730K

increase in funding

$816K

OUR INVESTORS MAKE A REGIONAL IMPACT. The work of Lakeshore Advantage could not be accomplished without the support of local business leaders. For every $1 you give, $175 are generated in private investment in the community. Investors not only contribute to the economic health of the region, but also collaborate and network together to lead our business community.

In additon, LAKESHORE FELLOWS is an elite group of the current board of directors, former board of directors, founders and investors committed at the Advisor level and above. These leaders serve as strategic advisors to our organization throughout the course of the year, including active participation in our strategic planning process and strategy session.

TO LEARN MORE ABOUT INVESTING IN OUR WORK,

contact the Lakeshore Advantage Team at (616) 772-5226.

CORNERSTONE

$50,000+

TRAILBLAZER

$30,000+

MENTOR

$20,000+

ADVISOR LEADER

$10,000+ $5,000+

EMERGING LEADER $2,500+

OVER 90 public and

private sector investors enable the work of Lakeshore Advantage. Many have served as our partners for years. Their commitment to our team and our community continues to define the progress and growing notoriety of this region.

INVESTORS BUSINESS SERVICES Boileau Communications Colliers International Coldwell Banker DeNooyer Chevrolet Edify North Holland Litho Printing Service Kiekover, Scholma & Shumaker Manpower Padnos softArchitecture The Image Group Town & Country Group Twisthink COMMUNITY Brooks Capital Management Community Foundation of The Holland/Zeeland Area EDP Management West Coast Chamber West Michigan Works! MANUFACTURING Agape Plastics Big Dutchman Boar’s Head Provisions Co. Bradford Company Buhler Prince Charter House Innovations Evoqua Water Technologies Extol Fairlife Flextronics Gentex Corporation Genzink Steel GNS America Haworth, Inc. Herman Miller Hudsonville Creamery & Ice Cream Company, LLC Impact Fab, Inc. InnoTec Group Integrated Fabric Resource Johnson Controls, Inc. KAM Plastics Corporation LG Chem Magna Engineered Glass Mead Johnson Nutrition Metal Flow Corporation Motus Integrated Technologies ODL, Inc. OMT-Veyhl Perrigo Quincy Street Meats Request Foods, Inc. Royal Technologies The Stow Company Trans-Matic Mfg. Trendway Corporation Zeeland Farm Services FINANCIAL SERVICES 42 North Partners Bank of America Bayside Capital Chemical Bank

Consumers Credit Union Huntington Bank Fifth Third Bank Macatawa Bank Mercantile Bank of Michigan The Bank of Holland West Michigan Community Bank CONSTRUCTION, ARCHITECTS, ENGINEERING & CONSULTING Elzinga & Volkers, Inc. Geenan Dekock Properties GMB Architecture Lakewood Construction Midwest Construction Pioneer Construction INNOVATION & AUTOMATION BizStream Disher JR Automation Technologies Koops, Inc. EDUCATION Grand Rapids Community College Grand Valley State University Hope College Michigan State University Muskegon Community College ENERGY & UTILITIES AcenTek Consumers Energy DTE Energy Holland Board of Public Works ITC Holdings Michigan Gas Utilities SEMCO Energy Zeeland Board of Public Works HEALTH CARE Holland Hospital Mercy Health Spectrum Health Zeeland Community Hospital

MEET THE LAKESHORE TEAM

STAFF

JENNIFER OWENS

PRESIDENT [email protected]

BRUCE ADAIR

CHIEF OPERATING OFFICER [email protected]

ANGELA HUESMAN

VICE PRESIDENT, TALENT & INNOVATION SOLUTIONS [email protected]

KEN RIZZIO

DIRECTOR OF BUSINESS SERVICES [email protected]

BRUCE CISLER

DIRECTOR OF BUSINESS RELATIONS [email protected]

BROOKE CORBIN

MANAGER OF INNOVATION SOLUTIONS [email protected]

JEANNINE MAUDLIN

ADMINISTRATION MANGER [email protected]

BOARD OF DIRECTORS CHAIR • Scot Lindemann, JR Automation VICE CHAIR • Michael Ramirez, Herman Miller TREASURER • Kris DePree, Colliers International

LEGAL Barnes & Thornburg, LLP Varnum, LLP Warner Norcross & Judd, LLP

SECRETARY • Jeff Disher, Disher

GOVERNMENT Allendale Charter Township City of Coopersville City of Holland City of Hudsonville City of Zeeland Crockery Township Holland Charter Township Jamestown Charter Township Olive Township Ottawa County Park Township Port Sheldon Township Tallmadge Charter Township Wright Township Zeeland Charter Township

Jane Clark, West Coast Chamber of Commerce

Lakeshore Fellows Investor at Advisor level or above

Jim Bachmeier, Grand Valley State University Chelsea Brown, Metal Flow Garth Deur, Bank of Holland Larry Koops, Retired, Fifth Third Bank Dave Koster, Holland Board of Public Works Jennifer Remondino, Warner Norcross & Judd, LLP Ross Rubley, Boar’s Head Mark Schmidt, BizStream Dave Tebo, Hamilton Community Schools Jim Vander Kolk, Royal Technologies Al Vanderberg, Ottawa County Jeweral Washington, J-Max Transportation Bruce Warren, Magna Engineered Glass

201 W Washington Ave Loft 410, Zeeland, MI 49464 (616) 772-5226 • lakeshoreadvantage.com