EDAC

City of Pekin REGULAR ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MEETING MONDAY, AUGUST 11, 2025 12:00 PM 1. Call to Order 2. Approve Agenda 3. Approval of Minutes 3.1. Minutes of the Regular EDAC Meeting on July 14, 2025 4. Public Input 5. Reports 5.1. Monthly Staff Report 5.2. Greater Peoria EDC Reports 6. Unfinished Business 6.1. Marketing Plan - Rebranding Initiative 7. New Business 7.1. Discussion on Vacant Buildings 8. Any Other Business to Come Before the Commission 9. Adjourn Page 1 of 42  City of Pekin PROCEEDINGS OF THE REGULAR MEETING OF THE ECONOMIC DEVELOPMENT ADVISORY COMMITTEE OF THE CITY OF PEKIN, ILLINOIS, HELD IN THE COUNCIL CHAMBERS OF CITY HALL 111 S. CAPITOL ST ON MONDAY, JULY 14, 2025 AT 12:00 PM Call to Order The regular meeting of the Economic Development Advisory Committee was called to order at 12:00 P.M. A quorum was declared by Chairperson Leman. Attendee Organization Title Status Arrived Name John Campbell Economic Development Advisory Committee Member Present Noon Danielle Owens Economic Development Advisory Committee Member Present Noon Amy McCoy Economic Development Advisory Committee Member Absent Dennis Short Economic Development Advisory Committee Member Present Noon Jack Steger Economic Development Advisory Committee Member Present Noon Drew Leman Economic Development Advisory Committee Member Present Noon Liridon Rrushaj Economic Development Advisory Committee Member Present Noon Patrick Taphorn Economic Development Advisory Committee Member Present Noon D. Neal Hanley Economic Development Advisory Committee Member Present Noon II Roy Bockler Economic Development Advisory Committee Member Present Noon Earl Riley Economic Development Advisory Committee Member Absent Caty Campbell Economic Development Advisory Committee Member Present Noon Approve Agenda D. Short motioned to approve the agenda for today’s meeting as presented, with a second by D. Owens. The motion passed by voice vote. Approval of Minutes 3.1. Minutes of the Regular EDAC Meeting on Monday, June 9, 2025 D. Short motioned to approve the meeting minutes from June 9, 2025, with a second by D. Owens. The motion passed by voice vote. Public Input None Reports Page 2 of 42  5.1. Monthly Staff Report Mr. Wray presented the monthly staff report and answered questions from the Committee members. 5.2. Greater Peoria EDC Report No comments. 5.3. Quarterly Strategic Plan Scorecard Mr. Wray presented the quarterly strategic plan scorecard and answered questions from the Committee members. Unfinished Business 6.1. Branding Initiative: Logo Concepts McDaniels Marketing presented the rebranding concepts that they developed, which included logos and taglines. After the presentation, the committee members provided feedback. It was requested that an electronic survey be sent to the committee members following the meeting so they can share additional feedback and rank the concepts. McDaniels Marketing then presented proposals for website section mapping for this committee's section on the City's website. They have asked the committee to review the ideas and provide feedback or additional thoughts for consideration. New Business 7.1. Recommendation for Continued Financial Support of Greater Peoria Economic Development Council Mr. Wray informed the committee that the upcoming City Council agenda includes an item to approve the City’s annual support of the Greater Peoria Economic Development Council (GPEDC). He requested the committee’s support on the matter. R. Bockler praised the work of the GPEDC across the five-county region and suggested requesting a summary report detailing the organization’s impact specifically on the City of Pekin. J. Steger noted that some of this information is already included in the reports Mr. Wray provides regularly. R. Bockler made a motion to recommend Council approval of the annual support, seconded by B. Hanley. The motion was approved by voice vote. 7.2. Recommendation for Project Priorities: Commercial Building Improvement Program Mr. Wray provided a high-level review of the applications received and how they ranked on the scorecard. Page 3 of 42  R. Bockler voiced concerns about the program, citing unclear requirements, insufficient marketing, and the short application window. He stated he would not support awarding TIF funds to properties with poor maintenance or management histories and requested a roll call vote if action was taken. D. Owens noted that withholding all funds after promoting the program would be unfair to applicants who met the criteria. J. Campbell highlighted the Moose Lodge’s contributions to the community. Mr. Wray requested feedback on the total award amount. R. Bockler moved to table the discussion, but J. Steger moved to award $10,000 to the top three applicants and $5,000 to the bottom three, seconded by D. Short. The motion carried 7–1, with Bockler voting no. Bockler also requested a copy of the program document. Any Other Business to Come Before the Commission R. Bockler requested that the next agenda include a discussion on vacant buildings in the City of Pekin, including whether they are insured and what actions the City is taking, as there could be public safety hazards. Adjourn Motion to adjourn the meeting by J. Campbell at 1:31 P.M., with a second by L. Rrushaj. The motion passed by voice vote. The next regular meeting is scheduled for Monday, August 11, 2025 at Noon in the City Council Chambers. Page 4 of 42  REQUEST FOR COUNCIL ACTION Agenda Date: August 11, 2025 To: Members of the Economic Development Advisory Committee From: Joshua Wray, Economic Development Director AGENDA ITEM: Monthly Staff Report DESCRIPTION: Commercial • Chipotle plans to be open by end of September. • Retail Strategies created their Pekin Marketing Guide (attached). Staff has sent edits back to them. • Staff met with a franchise owner of Scooter's looking to build in Pekin. High morning traffic volume is the biggest factor for them. • Staff met with the new partner of the owners of Motel 6. He is an experienced hotel developer / redeveloper and plans to spend up to $15M to bring the location back into productivity with a different brand. Industrial • Epic Medical plans to finalize their construction contracts this month, and they are planning another visit to Pekin in the last week of August. • Ambient Fuels continues to plan their site and buildings. • Staff met with a wine distributor looking to build a distribution facility in the Midwest. They are looking for 3-5 acres with easy access to highways. • Staff met with Vanilla Bug Spray to talk through options to expand their manufacturing operations in Pekin. Residential • Staff hosted a visit from a confidential developer who is very interested in building up to 2,000 homes ranging from $200k to over $500,000. We are discussing the Lutticken property and other potential sites. Infrastructure expansion costs will be the primary factor if they move forward. Staff is working with engineering and the utility companies to get conceptual numbers for them. • Staff met for a third time with a local developer and his investors on their plans for 60-72 apartment units in the downtown area. Their current plans include commercial tenant spaces on the first floor of some of the buildings. Incentives are being negotiated. City Projects / Initiatives Page 5 of 42  • The City closed on the purchase of the Lutticken Property. • IDOT has given permission for the City to continue with land acquisition for property needed for the Veterans Drive extension. • The Court Street reconstruction is ongoing with no major changes thus far. IDOT held their pre-construction meeting for the State's portion of the project from 8th-10th, and they plan to only complete water main work this fall and to patch the road for full use throughout the winter. • IDOT has given their first approval for the plans to resurface Broadway Street from approximately Parkway to 14th. Construction is planned to start spring 2027. • We await notification about our $10 million grant application for rehabilitation of Derby Street. Awards are supposed to be announced by September 1. • McDaniels Marketing is making progress on the marketing plan execution with branding planned for completion this month. • Staff submitted the 5-year CDBG Consolidated Plan, which calls for $1.1 million for a fire ladder truck at the Derby Street Station, $337,000 for sidewalk rehabilitation, $325,000 for program administration, $321,000 for the social worker program to address issues related to homelessness, and $230,000 to pay existing debt on a prior fire apparatus purchase. Other • Staff attended the Greater Peoria CEDS committee meeting where we learned from a guest speaker about the Port Master Plan. Through funding obtained by the Tri-County Regional Planning Commission, a firm called WSP has prepared a Port Master Plan for our section of the Illinois River. WSP presented their findings and recommendations. • Distillery Labs celebrated its 1-year anniversary in July. Page 6 of 42 City Contact Information Michael Warsaw Chicago Portfolio Director mwarsaw@retailstrategies.com Pekin, Illinois Josh Wray 205.913.5915 Director of Economic Development jlwray@ci.pekin.il.us 309.216.0788 Jimmy Pritchett Retail Development Associate 111 S Capitol Street, Pekin, IL 61554 jpritchett@retailstrategies.com 256.466.6716 Demographics (10 minute drive time) Market Guide 30,064 43.3 $81,813 Population Avg. Age Household Income Average 29,881 12,481 $62,551 Daytime Pop Households Household Income Median Peer Analysis Peer Trade Areas Rockford, IL 7219 Walton St The Peer Analysis, developed by Retail Strategies and Tetrad, identifies retail areas with similar Belvidere, IL 2101 Gateway Center Dr demographics and retail characteristics. It uses Collinsville, IL 1101 Belt Line Rd data from a 5 or 10 minute drive time from major comparable retail corridors across the country. Wood River, IL 610 Wesley Dr Collilnsville, IL 1040 Collinsville Crossing Blvd Granite City, IL 379 W Pontoon Rd Decatur, IL 4625 E Maryland St Daytime Population (10 minute drive time) Quincy, IL 5211 Broadway St Demographics Distance 3 Miles 5 Miles 10 Miles 5 Minutes 10 Minutes 15 Minutes 2024 Est. Pop 18,501 39,261 103,395 1,002 30,064 50,603 Daytime Pop 18,881 36,043 97,114 3,207 29,881 45,691 Student Children at Retired/Disable Median HH Income $65,799 $60,390 $66,751 $87,916 $62,551 $64,051 Employed Work at Home Homemakers Unemployed Populations Home Persons 9,725 1,001 6,536 4,060 1,066 6,519 975 Households 8,104 16,460 43,113 437 12,481 21,174 Page 7 of 42  Pekin, Illinois Page 8 of 42  Heart of Illinois Regional Port District Port Master Plan Public Information Briefing August 2025 Ju n e 20 , 20 24 1 Page 9 of 42  Illinois Has Diverse Transportation Assets, Linked by Shared Goals and Coordinated Planning • Economy, livability, mobility, resiliency, stewardship 2019 2021 HIRPD Port Master Plan (funded by IDOT and managed/administered by Tri-County Regional Planning Commission) and other Port District plans https://idot.illinois.gov/transportation - system/transportation - management/planning.html 2 2023 2024 (ongoing) Page 10 of 42  About the Heart of Illinois Regional Port District • One of 20 Port Districts designated by Illinois Legislature • La ke Mic h ig a n • Illin o is Rive r syst e m • Mississip p i Rive r • Oh io Rive r • Ka ska skia Rive r • Authorities • Se p a ra t e ly g ra n t e d b y le g isla t u re • Activities • Five d ist ric t s o p e ra t e o r o w n a n d le a se m a rin e c a rg o t e rm in a ls • Fift e e n o t h e rs o p e ra t e a irp o rt s o r m a rin a s, p ro vid e e c o n o m ic d e ve lo p m e n t su p p o rt , o r a re c u rre n t ly in a c t ive • HIRP D d o e s n o t c u rre n t ly o w n o r o p e ra t e a n y p o rt o r o t h e r a sse t s, b u t is a c t ive in p la n n in g a n d c o m m u n it y e n g a g e m e n t 3 Page 11 of 42  Key Geographies • Heart of Illinois Regional Port District (HIRPD) covers nearly all of six counties • Tri-Co u n t y re g io n (P e o ria , W o o d fo rd , Ta ze w e ll) • Fu lt o n a n d Ma rsh a ll (in c lu d in g t h e P o rt o f He n ry) • Ma so n e xc lu d in g Ha va n a To w n sh ip , w h ic h is a se p a ra t e p o rt d ist ric t (Ha va n a RP D) • Illinois Waterway Ports Commission • In c lu d e s HIRP D a n d Ha va n a RP D • Also in c lu d e s Bu re a u , P u t n a m , La Sa lle , Gru n d y • Parallel Studies • Ha va n a RP D Ma st e r P la n • HIRP D P o rt Ma st e r P la n • P o rt o f He n ry Ma st e r P la n 4 Page 12 of 42  Heart of Illinois Regional Port District Act (70 ILCS 1807) • Powers granted within the six -county HIRPD • Ac q u ire , o w n , c o n st ru c t , se ll, le a se a n d m a in t a in p o rt a n d h a rb o r a n d la n d t e rm in a l fa c ilit ie s • En t e r in t o a g re e m e n t w it h o t h e r p u b lic a g e n c ie s via In t e rg o ve rn m e n t a l Ag re e m e n t Co o p e ra t io n Ac t • Issu e p e rm it s fo r c o n st ru c t io n o f w a t e rw a y in fra st ru c t u re in o r w it h in 40 fe e t o f t h e Illin o is Rive r • Issu e b o n d s, sp o n so r a n d a d m in ist e r g ra n t s • Limitations • No p o w e rs o f e m in e n t d o m a in o r t a xa t io n • No p ro p e rt y, a sse t s, o r re ve n u e st re a m s • Overall: HIRPD has substantial powers, but needs a plan for utilizing them 5 Page 13 of 42  Port Master Plan -- Goals and Process • Goals • Process • Work Plan • St ru c t u re t h e P o rt • Fu n d e d b y t h e Illin o is • Ma n a g e m e n t a n d De p a rt m e n t o f Co o rd in a t io n Dist ric t t o c re a t e Tra n sp o rt a t io n t o b e n e fit fo r t h e a d va n c e t h e st a t e ’s • St ra t e g ic Asse t s re g io n a n d g e n e ra t e Lo n g Ra n g e a n d Op t io n s su st a in a b le re ve n u e Tra n sp o rt a t io n P la n • In ve st m e n t P la n s, st re a m s a n d g ra n t g o a ls Op e ra t io n s, a n d fu n d in g • Ma n a g e d a n d d ire c t e d St ra t e g ie s o p p o rt u n it ie s b y t h e Tri-Co u n t y Re g io n a l P la n n in g • Te c h n ic a l • Cre a t e p la n s t o Co m m issio n d o c u m e n t a t io n g u id e t h e n e xt st a g e a n d P o rt Ma st e r • P re p a re d in P la n , In fra st ru c t u re o f e vo lu t io n fo r t h e c o lla b o ra t io n w it h & Fin a n c e P la n , Dist ric t , le ve ra g e HIRP D a n d Gre a t e r Co m p e t it ive Gra n t s HIRP D’s p o sit io n in P e o ria EDC st a ff P la n t h e IW P C, a n d • Fo r a d o p t io n a n d im p le m e n t a t io n b y • Ext e n d e d a d va n c e st a t e w id e HIRP D Bo a rd o f Co m m u n it y o b je c t ive s Co m m issio n e rs En g a g e m e n t 6 Page 14 of 42  Marine Cargo Facilities • Farm Products • Fertilizers • Dry -bulk • Grain • Chemicals • Steel • Scrap Metal • Petroleum Products • Sand & Gravel 7 Page 15 of 42  Roadways • 1040 miles of interstate, US, and state highways • 1105 miles of county roads 8 Page 16 of 42  Freight Railroads 734 miles 10 railroads • 4 “Class I” railroads –BNSF (28% of miles), UP (19% of miles), CN, and NS • 6 shortlines Every HIRPD county has two railroads and at least one Class I 9 Page 17 of 42  HIRPD Jobs in Freight -Dependent and Logistics Industries - Treemap that breaks things down by freign intensive and not, - types of manufacturing Merchant Specialty Trade Wholesalers, Contractors Crop Production Durable Goods Professional, Insurance Scientific, and Carriers and Fabricated Food and Machinery Technical Related Metal Product Beverage Manufacturing Services Activities Manufacturing Stores General Merchandis Religious, Primary Amuseme Food Services and e Stores Drinking Places Motor Grantmaking, Metal nt, Vehicle Civic,… Manufa… Gamblin… and Parts Executive, Legislative, and Other Dealers Merchant Building Constr Gasoli General Government Support Nursing and Ambulatory Health Care Residential Care Wholesal Material uction ne Credit ers,… and… of… Stati… Services Facilities Social Intermedi Assistance ation and Personal Truck Health Miscell Related… and Transp and… aneo… Laundr… ortat… Management of Repair and Warehou Food Che Acc Administrative and Companies and Maintenanc Education sing and Manufa mica Utili om Rest of Hospitals Support Services Enterprises e al Services Storage cturing l… ties m… 10 Freight Dependent Logistics Other Page 18 of 42  HIRPD Industries that Benefit from Marine Transportation GRP in Industries Generating Commodities Moved by Water (HIRPD, 2050 $M) Grain farming Other basic organic chemical manufacturing Oilseed farming Iron and steel mills and ferroalloy manufacturing Pesticide and other agricultural chemical manufacturing Establishments Generating Commodities Moved by Water Iron, steel pipe and tube manufacturing from purchased steel Rolled steel shape manufacturing Ready-mix concrete manufacturing Other animal food manufacturing Bottled and canned soft drinks & water All other food manufacturing Industrial gas manufacturing Oil and gas extraction Spice and extract manufacturing Petroleum refineries Rest Of 0 200 400 600 800 1000 $Millions 11 Page 19 of 42  HIRPD Waterborne Commodities, 2021 7.8 million tons -- 77% originating, 23% terminating Iron or Coal Wood Minerals Steel 1.6% 0.3% 0.1% Aggregates 3.4% 7.9% Fertilizers and Chemicals Grains, Oils, 24.0% Food Products 62.8% No t e : vo lu m e s c a n c h a n g e sig n ific a n t ly b y ye a r, a n d so m e t im e s b y d a t a so u rc e . W e a re u sin g Illin o is DOT Tra n se a rc h d a t a fro m 20 21 fo r t h is a n a lysis b e c a u se it p ro vid e s t h e sa m e in fo rm a t io n fo r a ll m o d e s, p lu s fo re c a st s t o 20 5 0 . Th e US Arm y Co rp s o f En g in e e rs h a s t h e m o st c u rre n t w a t e r d a t a . 12 Page 20 of 42  Growth in HIRPD Waterborne Commodities 32% increase in tons from 2021 to 2050 (tonnage follows GRP) • Strong growth in fertilizers and chemicals; growth in grains/oils/food products, metals, coal • Most traffic is, and will remain, to/from Louisiana -- grain transload, fertilizer and chemicals Followed up data analysis with industry interviews focused on Port Opportunities 13 Page 21 of 42  HIRPD Market Opportunities • Container -on -barge • No m a c ro -sc a le su c c e ss d rive rs • Co u ld w o rk w it h sp e c ific u se r in t e re st , b u t n o n e id e n t ifie d • Corn, soybeans, and related products • P ro ve n m a rke t s, b u t va ria b le a n d c h a n g in g e n d u se rs a n d t ra n sp o rt a t io n n e e d s • Ne w c ru sh fa c ilit y in He n n e p in t o re d u c e b e a n s a n d in c re a se p o st -c ru sh p ro d u c t o n w a t e r • W e ll-se rve d t o d a y, c o u ld se e in d u st ry-sp e c ific p ro je c t s a n d re p la c e m e n t o f a g in g fa c ilit ie s • Fertilizer • So lid m a rke t w it h c o n t in u in g p ro d u c t io n , w e ll-se rve d t o d a y • LIKELY HENRY TARGET • Aggregates • So lid m a rke t , g e n e ra lly w e ll se rve d • HAVANA TARGET • Iron, Steel, Metals • Tie d t o sig n ific a n t lo c a l m a n u fa c t u rin g in a n d a ro u n d P e o ria • Tru c k t o b a rg e , ra il t ra n slo a d , fa b ric a t io n a n d va lu e -a d d e d p ro c e ssin g • P RIMARY P RODUCTS (COILS, SLABS, ETC.) IN; SCRAP OUT; ORES TRANSLOADED RAIL TO BARGE 14 Page 22 of 42  Port Opportunity: Iron and Steel Products • Region is a major Outlook : consumer of steel and metals for use in • Low current volume by water (260,000 tons) but potential to manufacturing more than double by 2050 • HIRPD historically • Barge access could significantly increase this volume and received volumes of accommodate receipts from existing mills in Blytheville AR steel via barge (Mississippi River), Tuscaloosa AL (Black Warrior River), Burns Harbor IN (Lake Michigan), and the new $3B “next gen” US Steel • Steel currently arrives mill at Osceola AR (Mississippi River) via truck from mills in the midwest, south, • Industry needs and supply chains are very specific and southwest • Lack of specialized steel-oriented barge terminal in HIRPD Multi -cargo facility for general cargo (metals, palletized goods), bulk (fertilizer, coal, slag), and container -capable 15 Page 23 of 42  Illustrative Development Concept • Master Plan team looked at how this concept could fit to four possible sites of 30+ acres • Lib e rt y St e e l • Ed w a rd s P o w e r P la n t • Kin g st o n Min e s • Ma p le t o n • Considered market, capacity, environment, cost • Key findings • Sh o u ld b e p ro fit a b le fo r t e rm in a l o p e ra t o rs a t so m e lo c a t io n s • Co u ld g e n e ra t e sig n ific a n t o p e ra t in g re ve n u e s fo r HIRP D fro m issu a n c e o f b o n d s • Re g io n a l e c o n o m ic b e n e fit ($ 70 M o r m o re ) fro m c o n st ru c t io n , u se • W o u ld like ly n e e d g ra n t s ($ 14M o r m o re ) fo r c o n st ru c t io n • No p ro p e rt y o w n e r c o m m it m e n t s 16 Page 24 of 42  Regional Partnership Concept • HIRPD can exercise its technical and financial authorities anywhere in the Port District • An y sit e a n d a n y p u rp o se c o n sist e n t w it h e n a b lin g le g isla t io n • Three main avenues to exercise these authorities • P ro p e rt y a c q u isit io n a n d d e ve lo p m e n t • HIRP D COULD ISSUE BONDS AND SEEK GRANTS • Bo n d fin a n c in g su p p o rt fo r p riva t e o r p u b lic /p riva t e p ro je c t s • P ORTS LIKE KANSAS CITY AND CLEVELAND ACT AS “BANKERS” FOR P ROJECTS CONSISTENT W ITH THEIR MISSIONS, AND RECEIVE REVENUE STREAMS • HIRP D COULD OFFER BOND FINANCING • Re g io n a l t e c h n ic a l a ssist a n c e a n d p la n n in g c o o rd in a t io n • P ORT OF P ITTSBURGH IS STATE FUNDED, OW NS NO ASSETS, BUT P ROVIDES TECHNICAL RESOURCES AND ASSISTANCE TO P RIVATE TERMINALS • HIRP D TASKED TO P ROVIDE TECHNICAL SUP P ORT TO THE TEN-COUNTY IW P C 17 Page 25 of 42  Draft HIRPD Strategy 18 Page 26 of 42  Draft Organizational Model 19 Page 27 of 42  Draft Cargo Vision HIRPD Shall Become the Leading Illinois River Port for Steel and Metals As a Regional Partnership Port, HIRPD shall strategically focus its freight investment and development in port and related facilities for receiving steel products and shipping scrap and ores used in steel manufacturing, to become a major midwest inland port and load center for steel and metals, bringing together water, rail, and truck transportation capabilities with modern, resilient, and sustainable facilities and connections. HIRPD shall serve end-user manufacturers and midstream suppliers not only within the HIRPD geography, but throughout the state of Illinois, supporting manufacturing growth and economic activity. HIRPD shall also monitor and respond to opportunities for investment and development for other commodities. 20 Page 28 of 42  Draft Non -Cargo Vision HIRPD Shall Partner in Regional Development and Environmental Stewardship As a Regional Partnership Port, HIRPD shall consider a full range of suitable uses for lands it may acquire or control in support of its primary mission. As HIRPD develops sustainable revenues, HIRPD shall engage in and support natural resource investigations and recommendations, potentially addressing invasive species, beneficial use of dredged materials, and other critical issues for the Illinois River. More generally, HIRPD shall be an engaged regional development partner and resource to other responsible agencies to implement and facilitate its legislative mission. 21 Page 29 of 42  Draft Action Plan Operating under available funding, enter into public financing agreements as soon as practical to improve or develop eligible port and related facilities in the HIRPD region 1. Develop marketing and outreach materials, including but not limited to the Master Plan. 2. Aggressively market HIRPD capabilities to potential public and private partners through distribution of materials, on-line media, and in-person meetings and events. 3. Pursue or respond to any site investment and development opportunities in the region consistent with HIRPD’s legislative mission and mandate. 4. Specifically target and discuss opportunities with property owners, developers, and regional governments in Peoria, Tazewell, and Marshall counties, especially focusing on • Port of Henry (City of Henry and Ozinga) in Marshall • Wesley Road, former Tomen Grain dock, United Facilities, and TP&W railyard in Tazewell • Liberty Steel, Edwards Power Plant, and Kingston Mines in Peoria 5. Expand outreach to the private freight community • Steel mills, input producers (scrap and iron ore processors), fabricators, and end users • Railroad and barge transportation companies 22 Page 30 of 42  Draft Action Plan (continued) g p p 6. Collaborate with partner agencies on a formal and scheduled basis. 7. Maximize grant opportunities • Immediately pursue limited federal grant funding for planning, engineering, and environmental studies necessary to advance the port development options • Compile and maintain a project investment list to guide applications for subsequent federal, state, or other grants and to respond to “call for projects” opportunities. 8. Recognizing that revenue generation will take time, immediately pursue bridge funding to support HIRPD organizational expenses, including partnering with other Illinois Port Districts to request that Legislature establish an annual program to fund operations at Illinois port districts working to achieve revenue self-sufficiency. 9. As sustainable revenue levels are achieved, support regional public and private partners – IWPC, counties, private stakeholders, etc. – with technical assistance, planning collaboration, and implementation of non-cargo or non-revenue generating projects and initiatives. 10. Over time, implement additional and multiple investment and development agreements to sustain and increase HIRPD revenues to a target level of $1 million annually. 23 Page 31 of 42  Thank You Alan Meyers, WSP Alan.Meyers@wsp.com Adam Miliszewski, WSP Adam.Miliszewski@WSP.com 24 Page 32 of 42  REQUEST FOR COUNCIL ACTION Agenda Date: August 11, 2025 To: Members of the Economic Development Advisory Committee From: AGENDA ITEM: Greater Peoria EDC Reports DESCRIPTION: GPEDC Weekend Update, July 11, 2025 GPEDC Weekend Update, July 25, 2025 GPEDC Weekend Update, August 1, 2025 GPEDC Weekend Update, August 8, 2025 Page 33 of 42 Page 34 of 42 Page 35 of 42 Page 36 of 42 Page 37 of 42 Page 38 of 42 Page 39 of 42 Page 40 of 42 Page 41 of 42 Page 42 of 42