199
Cool Creek, LLC
6720 North 44 Street Omaha, NE 68112
Michele Bowers
Owner
michele.bowers@finigree.com
+1 (402) 651-6654
No
Mission: Drive community growth and development while improving quality of life.
Trade Lyft – Entrepreneur Ecosystem
15030770.0
15000000.0
Combination of capital project and service/program
Create an Entrepreneur Ecosystem for the trade industry by providing affordable industrial space and housing. Offering affordable space for small business owners and affordable housing for their workforce creates employment and economic opportunities. It will create new jobs with meaningful wages that benefit the community economically. The proposal will continue to recycle supporting entrepreneurs and entrants into the trade industries. It can be scaled and replicated in multiple areas. Building basic infrastructure is the first step to ensure future growth and training of local workforce. The local trade industry desperately needs qualified, skilled craft professionals. Trade entrepreneurs often find a large amount of capital going towards leasing suitable space. The proposal can help free up capital to invest in talent acquisition. The trade industry must do more to effectively recruit younger workers. It’s important to develop a robust marketing campaign to attract the next generation of qualified workers who may not know about the opportunities that exist in the industry. This means tailoring recruitment techniques and outreach strategies to include incentives that the next generation actually wants. The proposed commercial flex building will accommodate eight trade entrepreneurs. Providing affordable space allows for greater investment in attracting and building strong workforce apprenticeship programs. Offering affordable housing to apprentices gives employers an edge in this tightening labor market. The proposed 32-unit affordable housing built near the commercial space, attracts a younger workforce. To be eligible for housing, the participant must be actively enrolled in a trade apprenticeship program. Providing this as a community resource promotes career pathways while decreasing labor shortages. This is not a new concept; Henry Ford created a similar program in the early 1900’s with great success. Two sites have been identified; both sites will accommodate the industrial space as well as housing. Both sites are in the Qualified Census Tracts (QCT), one is in north Omaha, and one is in south Omaha. Site analysis is underway to determine optimization.
Timeline: finalize funding July 2023, land acquisition September 2023, begin construction October 2023, complete construction June 2025.
1.0
Fundamental Change (i.e., a proposal that will continue to elevate North or South Omaha's presence and perception within the region, significantly improving the lives of area residents through physical development) Long-Lasting Economic Growth (i.e., a proposal that will foster gainful employment opportunities and financial investment in the area, leading to the creation of generational wealth and widespread economic vitality in North and South Omaha)
Other Infrastructure (i.e., develop or improve broadband, business districts, roadways, sewer, etc.) Policy (i.e., develop or improve context-sensitive education, finance, health, training, zoning, etc.) Quality of Life (i.e., create or enhance natural spaces, mixed uses, parks, safety, etc.) Sustainable Community (i.e., create or enhance housing, services, education, civic uses, recreation, etc.)
Creating affordable industrial space for small business owners while providing affordable housing for their workforce creates employment and economic opportunities. It nurtures and supports existing entrepreneurs and provides economic opportunity to younger generations. The proposal creates transformation, long-lasting economic growth, and fundamental positive change aligning with the communities’ identified needs. It will create new jobs with meaningful wages that benefit the community economically. The proposal will continue to recycle benefiting entrepreneurs and entrants into the trade industries. It can be scaled and replicated in multiple areas. The proposal supports entrepreneurship while facilitating exposure and training for apprenticeship. With effective apprenticeships programs, organizations can set out to close the deepening skills divide while promoting social equity. Reducing poverty and unemployment by creating economic opportunities thus increasing quality of life. The proposal supports development of vacant or underutilized land and broadens infrastructure. The development will bring new housing, jobs, services, and amenities to neighborhood while improving access to employment opportunities. Offering future partnerships with non-profits as a wraparound service.
The proposal addresses community weaknesses of high unemployment rates and poverty threatening quality of life. It provides resources for career development with a clear pathway to quality employment. It offers younger generations high paying career options without a four-year college degree. The proposal supports entrepreneurship and the development of small businesses. It addresses the needs of affordable housing for younger generations entering the job market. The proposal will continue to recycle supporting entrepreneurs and entrants into the trade industries. It can be scaled and replicated in multiple areas. It aligns with the development of vacant or underutilized land with opportunities for commercial and residential development. Fostering desirable transformation, fundamental change, and long-lasting economic growth in the communities of North and South Omaha.
The proposal aligns by providing economic recovery through community resources that support and strengthen Omaha.
Anticipated temporary jobs = 325 Anticipated permanent jobs = 50
50
325
42k - 150k
Mandate all organizations involved in this project need to be located in the Qualified Census Tracts.
Creating affordable industrial space for small business owners while providing affordable housing for their workforce creates employment and economic opportunities. It nurtures and supports existing entrepreneurs and provides economic opportunity to younger generations. The proposal creates transformation, long-lasting economic growth, and fundamental positive change aligning with the communities’ identified needs. It will create new jobs with meaningful wages that benefit the community economically. The proposal will continue to recycle benefiting entrepreneurs and entrants into the trade industries. It can be scaled and replicated in multiple areas.
The proposal supports entrepreneurship while facilitating exposure and training for apprenticeship. With effective apprenticeships programs, organizations can set out to close the deepening skills divide while promoting social equity. Reducing poverty and unemployment by creating economic opportunities thus increasing quality of life.
Creates career paths with meaningful wages that benefit the community economically.
Further research is necessary.
Yes, it offers future partnerships with non-profits as a wraparound service.
Yes
Spark
No
Two sites have been identified; both sites will accommodate the industrial space as well as housing. Both sites are in the Qualified Census Tracts (QCT), one is in north Omaha, and one is in south Omaha. Site analysis is underway to determine optimization.
Within one or more QCTs
No
Yes
Yes
No
No
Industry Standard - Olsson Support
No
See PCS - Olsson Support
Land acquisition and development
Yes
DED TIF Owner Equity
ARPA
Yes
Separate Developments
75k
1.0
1.0
1.0
1.0
Proposal Budget/Sources and Uses Request Rationale Documentation