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Complete
Community
Economies

Planning for progress, implementing for success.

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Services

Architectural Plans

Feasibility Studies

Image by Carlos Muza

Adaptive Reuse Financing & Incentives

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Project Oversight & Management

Building Construction

Community Development Capacity Building

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Grant Writing & Management

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Strategic Planning

Feasibility Studies

Development of financial feasibility reports for the rehabilitation of existing properties or new construction, including residential, commercial, or mixed-use.

 

Feasibility studies can be done on two levels of detail:

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  1. For derelict and blighted buildings, Complete Community Economies can provide a “walk through” feasibility study, which would involve a walkthrough of the building, discussion with the owners/investors and minimal zoning and market research. The resulting report will include programming recommendations and rough rehab cost estimates (accurate within about +-20%), financing options (including available incentives) and a 5 year operating proforma.

  2. A full feasibility study can be completed on a customized basis. Elements can include Design (conceptual or architectural); cost estimates; Sources & Uses; Building operating pro forma; Business operating pro forma and overview; Market Demand Study; Zoning Assessment; Incentives Assessment; Title Search; ALTA Survey, and more detailed equipment layouts, costs and staffing recommendations, if needed.

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Earl’s Glass Shop, Orange, Virginia

Complete Community Economies worked with Frazier Associates to design an adaptive reuse of a 1930s-era gas station on a major state route through Orange, VA into a community gathering space. Through consultation with the architects and client determined the highest and best use would be a “Burger Joint” serving beer and wine and focusing on local and regional ingredients and offerings served in a “treehouse” style patio overlooking a bowl shaped lawn where bands can play.

About Complete Community Economies

Jeff Sadler formed Complete Community Economies, LLC in 2019 after viewing how industrial-based economic development, housing stock replenishment, downtown/neighborhood revitalization, and small business/entrepreneurial support are often not connected in local strategies. As a Certified Economic Developer (CEcD), he focuses on all facets of downtown and smaller community growth and revitalization. His specialty is creating feasibility studies, local incentive tools, and financing stacks that support adaptive rehab projects that turn neglected buildings into community assets which complement the local and regional economic ecosystems.

 

Jeff has nearly two decades of experience in Main Street, historic rehabilitation, and building local entrepreneurship systems. Prior to starting Complete Community Economies, Jeff ran Virginia’s Community Revitalization Office at the Department of Housing and Community Development (DHCD). He has spoken at several national and state conferences and is known for his forward thinking in advancing local and regional community economic development.

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Featured
Accomplishments

2022

Developed a Tourism Zone and Revolving Loan Fund for the Town of Waverly to incentivize redevelopment of the Town in general and to attract a brewery, specifically. Received $300,000 in State funding to provide initial capitalization.

2021

Assisted the Petersburg Economic Development Authority to start a Revolving Loan Fund to provide Gap Financing for projects that exceed $10 million in upfront capital costs and create a minimum of 40 jobs. Received $600,000 in State funding to provide initial capitalization.

2020

Worked with the Harvest Foundation of Martinsville/Henry County to develop the affordable housing incentive, that provided up to $12,000 per new unit reserved for and affordable to local employees at up to 120% of AMI.

2018

Led Virginia’s task force to identify and select Opportunity Zones and served as liaison between the State of Virginia and US Department of Treasury for Opportunity Zones.

Re-wrote the Industrial Revitalization Fund Program Guidelines to allow the program to better serve as an incentive for rehabilitation and reuse of blighted commercial properties.

2011-
2013

Developed the concept for and provided seed funding for targeted community business plan competitions throughout Virginia and synthesized learned best practices into what is now known as the Community Business Launch (CBL) program. CBL was the first known statewide, locally-implemented business plan competition program and  has been the model for more than 30 other states’ business start-up and expansion competitions over the past decade. Since 2015, CBL programs have assisted more than 1000 entrepreneurs, resulting in more than 200 new, place-based businesses and nearly 700 new jobs.

“When I first came to look at Martinsville for potential projects, I really didn’t know what to make of the area. Jeff showed me around and introduced to me to many people and several potential projects. We discussed my investment needs and eventually we settled on a few promising buildings for adaptive reuse. Jeff was instrumental in providing local cultural insights and smoothing the deal making. Everytime we ran into an issue, he either had an answer or knew someone who had an answer. He knows how projects are put together and how to top off a financing stack. We currently have more than $16 million in projects wrapping up or underway, totaling more than 150 new residential units and we wouldn’t be here without Jeff’s help.
James Cherney, CEO
Cherney Development Co., Inc.

Clients &
Collaborations

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