Waterloo Business Park recognized as an Iowa Certified Site
Buildings & Sites
Governor Terry Branstad and Lt. Governor Kim Reynolds announced five additional industrial sites to achieve certification through the Iowa Economic Development Authority (IEDA) certified site program. The City’s South Waterloo Business Park was among the five announced during Governor Branstad’s weekly press conference at the Capitol this morning.
The South Waterloo Business Park totals 181 acres and is located immediately south of Highway 20 and generally bounded by Ansborough Avenue, Shaulis Road, and Kimball Avenue. Waterloo is one of only 17 sites certified in Iowa.
In an effort to address the lack of project ready industrial sites, the Iowa Economic Development Authority (IEDA) created the Iowa Certified Site Program in May 2012. Under the leadership of Director Debi Durham, IEDA retained nationally recognized site selection firm McCallum Sweeney Consulting to perform independent analysis of applicants on behalf of IEDA.
“These five additional sites give Iowa – and Waterloo – an advantage when it comes to growing our state’s economy,” said Gov. Branstad. “The Communities have gone through a rigorous process to become certified and should be proud of what they have accomplished. Each site being ‘development- ready’ means more projects coming to Iowa and, in turn, more jobs.”
“We are extremely excited to have the South Waterloo Business Park certified as a ‘development ready site’ said Quentin Hart, Mayor, City of Waterloo. “In partnership with the Alliance & Chamber we have been marketing it as a development ready site and now it has the official designation as being such by McCallum Sweeney Consultants and the Iowa Economic Development Authority.” Hart added.
“The South Waterloo Business Park is immediately located off U.S. Highway 20 and near I-380 well positioned for expanding companies to service east-west and north-south U.S. markets.” he said.
Site certification is one of the fastest growing trends in the site selection business, and by introducing certified sites to the market Iowa is better able to compete for large scale projects. By going through this rigorous process, developers -- working closely with their local officials, utility partners and consultants -- are better prepared to market their sites with specific site-related information and community data. All site due diligence is completed and resulting issues are mitigated, making the site “risk-free” and thus accelerating the development schedule.
With the help of the Greater Cedar Valley Alliance and Chamber, the City completed the certification process within 18 months, once McCallum Sweeny Consulting invited Waterloo to complete the required due diligence on the Park. To be certified the Park had to meet eight criteria including the ability to provide at least 5 megawatts of electric energy, fiber optics, and 500,000 gallons of water per day of excess capacity at the site within a 6 month timeframe. The certification process required a close partnership between City planning officials, Waterloo Water Works, Waterloo Waste Water, MidAmerican Energy Co. and Mediacom Communications.
“The Alliance & Chamber continues to see an increased demand by site selection consultants and companies for shovel ready sites versus a traditional greenfield site”, said Steve Dust, President/CEO, Greater Cedar Valley Alliance & Chamber. “The Certified Site designation essentially shortens a company’s schedule for new construction. This a location differentiator for the Park”, Dust added.
McCallum Sweeny Consultant will provide Waterloo and Alliance & Chamber officials with recommendations for marketing and industry targets which will be incorporated in the Alliance & Chamber’s external marketing initiatives for the Cedar Valley. IEDA also undertakes special marketing initiatives to promote Iowa’s Certified Sites. The South Waterloo Business Park is well suited for companies engaged in light industrial, logistics/distribution, and data centers.
- business park
- certified site
- industrial site