January 23, 2008

1. Grow Johnston! January 23, 2008

2. Grow Johnston! Agenda • Welcome and Introductions • Convene Annual Meeting • Election of JEDCO Board Members • John Deere Credit Expansion • James E. Meenagh • Polk County • E. J. Giovannetti • Tour 2007 Reprise • 2008 JEDCO Activity Overview

3. Grow Johnston! Board Election • Steve Scott (Term Expiring December, 2010) • Kevin Tubbs (Term Expiring December, 2010) • Rick Helps (Term Expiring December, 2008) • Filling Vacant Position (Deb Bengston)

4. John Deere Credit Expansion January 23, 2007

5. Disclaimer • Still subject to formal approval by the Deere Board of Directors • Current schematic drawing are subject to change JDC moved it’s world headquarters to Johnston in Miwgeoiwe ibowiyfw wioyfbouiwbfoiwlbg y of 2000 Our existing building is approximately 240,000 square feet and comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er Current occupation is roughly 1050 people and our total capacity is estimated at 1150 seatsfg;eug e;rogneogne;ogne;onge;ogn neorienorge;orng;o ;oerno In short, we’re running out of roomwretetr nryehht,nnewyhdhdhtl mvmvmieoojdjkmfmoiejnro erogneongo eigneporgn eorngoerngongornogn e;orgnnog Jfjfkstoo mcmkskirir vmxmjsdiiek lkfnweffuiben iofeiuefb iof;ui;wh ufifb uhfiwfiwfu wkufnfwfiuwfn luirfbwilbifbibibfiwbfbwubwlifbbibilbilbbblsblsbbldbldblvdlbvksdbvslbslbbuvbdlfbdlibildbvbvilsbvilsdbvildblidblblvfbvcomprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er Kbleibilebibubluibglfbwfirbgifbsfkbwsfun;oi;bbsfuwdlwfnofilsfbwuf; iowfbpiruf iwufbpiwe iwbfiwbfiuwfbiwub;iw w;ofnowufbw;oebbcomprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er Our existing building is approximately 240,000 square feet and comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er Our existing building is approximately 240,000 square feet and comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er Bfoibfiu irufbirbueirueireifbifbipfggierbeiubeiubgi;fbwpifbbbergb;ifbufibebgoehfo ukfiowf wifyuwgpfi ilwfbfiberif;irf ifpifubefil Eubfiepfi uibfpiufbei irfuepibei;beifiwfvifvlief ierbpiebfg;iebf;ibf;iwbf;iwfb ifbpifbpifbpifbbieurbgepirgbe ;ierbfpierb fuiebfpiebg;rifub eriu Ebfiebpiebpgi pirfbpiebr[bgpierupie; eruibepigbeigbu peirbfpiebibf erpigepwfpiberpi; ;ifpibfibfbpipfw;fpbi ryifibrpfbpfbpfbffpvyfypifvvf! comprised of two 115,000 square foot buildings adjoined by a common atriumhf;hr;g ;eonrg;oergn;oeng;er

6. General Information • JDC is a unit of Deere & Company • Offices in 17 countries • Primary role is to provide financing to enhance the sale of Deere equipment around the world • We provide installment loans, lease products, revolving credit, operating loans, wholesale financing, crop insurance and we also provide debt and equity financing for wind energy projects • One of the largest equipment financing companies in the US…2007 finance volume was nearly $32B.

7. General Information • JDC moved it’s world headquarters to Johnston in May of 2000 • Our existing building is approximately 240,000 square feet and comprised of two 115,000 square foot buildings adjoined by a common atrium • Current occupation is roughly 1050 people and our total capacity is estimated at 1150 seats • In short, we’re running out of room!

8. Growth Projections • Current 5 year projections call for over 300 additional employees to manage our anticipated growth • While growth will come from all of our existing businesses, it is our newer businesses that are driving our more significant growth (wind energy, insurance and other renewables

9. New Building Details • Square Footage: ~145,000 • Capacity: ~700 employees • Amenities: • Mirror existing design, materials and aesthetics • Open office environment • Fitness rooms (lockers & showers) • Large conference center • Expanded per capita conference space • Expanded cafeteria • Enhanced courtyard • Structured parking • 2 Connector links to existing buildings • LEED Silver Rating • Total Cost in excess of $30MM

10. High Level Project Timeline • RFP Sent: December 3, 2007 • Bids Due: December 21, 2007 • Bid Selection: January 14, 2008 • AFE to Finance Committee: February 6, 2008 • Deere Board Meeting: February 26, 2008 • Site Work Begins: April 21, 2008 • Building Shell: June 3, 2008 • Occupancy: July 29, 2009 • Facility Renovations: July 16, 2009 – October 16, 2009

15. Questions?

17. Grow Johnston! 2007 Highlights • Pioneer and John Deere Credit Expansion • Tour 2007 • Johnston Competitiveness • Merle Hay Road Redevelopment • Marketing Johnston • (BIO 2007 and CORENET)

18. Grow Johnston! JEDCO 2008 Activities • Project Focus – Merle Hay Redevelopment • Marketing • Communication • Relationship Building • Advocacy and Representation

19. Grow Johnston! JEDCO 2008 Activities • Merle Hay Road • Comprehensive Plan and Zoning • Development Incentives • Property Owner Collaboration • Retail Recruitment

20. Grow Johnston! JEDCO 2008 Activities • Marketing • Fundamentals • Joint Trade Show Exhibit • Location One Information System • Web Site • Johnston Business Directory “Development Guide” • Building on the “Johnston” Brand • Updated Marketing Materials

21. Grow Johnston! JEDCO 2008 Activities • Communication • www.growjohnston.com • Grow Johnston Member Updates • Johnston Development Forum – April 2 • Regional Issue Forums (Topic To Be Determined) • Congressional Delegation Briefing

22. Grow Johnston! • Relationship Building • Grimes, Polk City, Urbandale, Granger, Ankeny • 141/Saylorville Corridor • Des Moines Area Economic Development Practitioners • Professional Organizations • Iowa Commercial Real Estate Association • Professional Developers of Iowa • Technology Association of Iowa • Key Partners • IDED, Polk County, Greater Des Moines Partnership JEDCO 2008 Activities

23. Grow Johnston! • Advocacy and Representation • Community Competitiveness • New Johnston Mayor and City Council • Infrastructure • NW Connector and Beltway • Road Improvement Funding • Special Projects • Merle Hay Road Redevelopment JEDCO 2008 Activities

24. Grow Johnston! Thank You For Investing In Johnston Economic Development • Partnership with the City of Johnston • Collaboration with the Johnston Chamber • Member Investments (2/3 of JEDCO Budget)

25. Grow Johnston! Phil Dunshee Johnston Economic Development Corporation Johnston Chamber of Commerce 5408 NW 88th Street, Suite 120 Johnston, IA  50131 (515) 276-9064 (515) 309-0144 FAX pdunshee@growjohnston.com

26. Grow Johnston! THANK YOU!