Overview
What is Lansing Economic Area Partnership?
Lansing Economic Area Partnership (LEAP) is a vital nonprofit organization based in Lansing, Michigan, dedicated to fostering economic growth in the metropolitan Lansing region, encompassing Ingham, Eaton, and Clinton counties. Their primary mission is to attract, retain, and expand businesses within targeted industries, both domestically and internationally. LEAP achieves this by collaborating with regional businesses, municipalities, universities, and colleges. In 2022, they successfully recruited three major projects, resulting in substantial investments and job creation. Additionally, they facilitated numerous business expansion projects and continued their efforts in preparing vacant industrial sites for development. By securing grants, LEAP assists property owners and developers in conducting necessary environmental assessments and encourages the growth of specific industries, such as medtech, in the region. In essence, LEAP works tirelessly to strengthen the local community by attracting and supporting businesses.
Official website here: www.purelansing.com
Is Lansing Economic Area Partnership legitimate?
Lansing Economic Area Partnership is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lansing Economic Area Partnership submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $569,680
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,069,073
For more financial information, click here
Official website here: www.purelansing.com
What is the mission statement of Lansing Economic Area Partnership?
The Lansing Economic Area Partnership, in its mission, aims to strengthen the community by promoting business growth, retention, and attraction in the region. They achieve this by providing economic development services and programs, collaborating with regional businesses, municipalities, universities, and colleges. The organization's proactive team works with key businesses in targeted industries, both domestically and internationally, to offer assistance and incentives. This leads to the creation and retention of jobs and investments, as demonstrated by several successful projects in 2022. These projects resulted in significant investments and the creation of numerous new jobs, exceeding the average wage threshold. The partnership also focuses on preparing vacant industrial sites for development and assisting property owners and developers with environmental assessments. Additionally, they are working on creating a Medtech cluster strategy for the region.
Official website here: www.purelansing.com
Who is the CEO of Lansing Economic Area Partnership?
Robert L Trezise Jr is the Ex-Officio Member of Lansing Economic Area Partnership. The CEO's salary of Lansing Economic Area Partnership is $340,000 and their total compensation is $392,761.
Official website here: www.purelansing.com
What is the revenue of Lansing Economic Area Partnership?
Lansing Economic Area Partnership's revenue in 2022 was $9,213,964.
Official website here: www.purelansing.com
Who are the executives of Lansing Economic Area Partnership and what are their salaries?
The average compensation at Lansing Economic Area Partnership during 2022 was $78,036. There are 21 employees and 104 volunteers at Lansing Economic Area Partnership.
Here are 89 key members and their salaries (Lansing Economic Area Partnership's CEO's salary is $340,000 and their total compensation is $392,761):
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Official website here: www.purelansing.com
Where can I find the form 990 for Lansing Economic Area Partnership?
Lansing Economic Area Partnership's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.purelansing.com
Learn more at the official website: www.purelansing.com
Mission Statement of Lansing Economic Area Partnership
Lansing Economic Area Partnership, often referred to as LEAP, is an organization dedicated to enhancing the community by promoting business growth, retention, and attraction. Their mission is to construct a stronger community for all, engaging in daily efforts to foster a conducive business environment within the metropolitan Lansing region, encompassing Ingham, Eaton, and Clinton counties.
LEAP achieves this mission through proactive measures, collaborating with key businesses in targeted industries both domestically and internationally. They provide assistance and incentives that result in job creation and investment in the Lansing region. This is accomplished by maintaining regular communication with regional businesses, real estate site selection communities, and local universities and colleges to attract and retain talent. In 2022, LEAP successfully recruited and announced several significant projects, including a large-scale electric battery manufacturer, attracting a German company leading in drivetrain testing, and a unique Chinese student exchange operation.
By facilitating business expansion projects, LEAP contributed to substantial investments and job creation in the region. For instance, in 2022, they assisted in projects totaling over $2.6 billion in pledged investment and over 2,700 new jobs. Additionally, they supported three more business expansion projects, contributing over $581 million in pledged investment and creating more than 115 jobs. These projects offered salaries well above the ALICE single adult wage threshold, demonstrating LEAP's commitment to improving the community's economic standing.
In summary, Lansing Economic Area Partnership, or LEAP, focuses on strengthening the community by promoting business growth, retention, and attraction. They achieve this by providing economic development services and programs, collaborating with businesses, real estate communities, and educational institutions. Their efforts have led to significant job creation and investment in the Lansing region, ultimately contributing to a stronger and more prosperous community.
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Impact
October, 2024
The Lansing Economic Area Partnership plays a critical role in bolstering the economy of the Metropolitan Lansing region, encompassing Ingham, Eaton, and Clinton counties. Its business attraction division actively engages in economic development efforts aimed at growing, retaining, and attracting businesses.
In 2022 alone, the organization facilitated the recruitment of six significant projects, which collectively promised over $3.18 billion in pledged investment and the creation of more than 2,800 new jobs. This includes a landmark project with a large-scale EV battery manufacturer, which alone projected $2.6 billion in investment and over 2,700 jobs. Additionally, it aided in attracting foreign direct investments from a German company specializing in drivetrain testing and a Chinese company focused on student exchange operations.
Further showcasing its impact, the partnership conducted 100 site searches for potential businesses, hosted 11 visits from prospective companies, and engaged in 23 retention visits to ensure the stability and growth of existing businesses. The organization also secured a grant of $120,500 to enhance the preparation of vacant industrial sites, making them more appealing for future development.
Furthermore, its efforts extended to environmental assessments, where it completed an EPA assessment grant project that positively affected approximately a dozen sites, converting a third of these grants into prospective projects. The establishment of the Lansing region’s MedTech cluster strategy underscores its commitment to cultivating industry-specific opportunities, contributing to job creation and economic diversification in the region.
By fostering partnerships with local municipalities and educational institutions, the Lansing Economic Area Partnership is integral in developing a skilled workforce ready to meet the demands of emerging industries. Overall, its strategic initiatives are central to building a stronger, more vibrant community by driving sustained economic growth and elevating the quality of life for residents in the Lansing area.
This information is meant to be a general summary of Lansing Economic Area Partnership. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $108,243
- Program Service Revenue: $1,991,782
- Gross Receipts: $9,213,964
Assets and Liabilities:
- Total Assets: $22,008,824
- Total Liabilities: $18,561,858
- Net Assets: $3,446,966
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,484,950
CONTRACT SERVICES
Revenue
$423,333
ADMINISTRATIVE SERVICE
Revenue
$83,499
Organization Details
Founding Year
2007
Phone
(517) 702-3387Principal Officer
Robert L Trezise Jr
Main Address
1000 S WASHINGTON AVE STE 201, LANSING, MI, 48910
Website
www.purelansing.comNTEE Category
Code: S41 - Community improvement
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