Managing Economic Development Organizations

Size: px
Start display at page:

Download "Managing Economic Development Organizations"

Transcription

1 Managing Economic Development Organizations

2 Jobs and Competitiveness Technology, Innovation Balanced Growth Investment 300,000 GDP Atlanta MSA Dynamic Growing Economy 290, , , ,000 Education Housing 250,000 Infrastructure, Transportation 240,000 Source: BEA

3 Reality Check: Economic Cycle Business-cycle-graph better.jpgimagesndibeconomics.wikispaces.com. 3

4 Reality Check: Business Life Cycle SBA estimates that the average life cycle of a business is 7 years 4

5 Cycle of Economic Development 5

6 Reality Check: Economic Development Efforts According to the US Census Bureau, this is the number of Cities in

7 Economic Development Strategies/ Organization R e t e n ti o n E x p a n s i o n A tt r a c ti o n C r e a ti o n Economic Development 7

8 Organizational Structure Housing Finance Business Development Redevelopment Legal Finance 8

9 Business Development

10 Business Development Goals Clusters of Focus Attraction Efforts Retention/Expansion Programs Entrepreneurship Programs Results

11 Atlanta is particularly attractive to firms in six key sectors Economic development efforts should focus on growing: 1. Digital arts and new media production 2. Life sciences 3. Applied computational processing and engineering 4. Corporate headquarters and professional and management services 5. Advanced logistics 6. Conventions and tourism

12 Digital arts and new media production Motion picture production Software and computer programming Audio production Broadcasting Life sciences Medical devices Biological products Medical laboratories Biotechnology R&D Pharmaceuticals Conventions and tourism Hospitality Attractions and conferences Food and beverage Transportation

13 Corporate headquarters and professional and management services Headquarters and back office Management consulting Advanced logistics Freight air transportation Distribution and logistics consulting services Applied computational processing and engineering Engineering services Computer systems design services Scientific R&D Advanced manufacturing Financial technology Health information technology

14 PROGRAMS FOR BUSINESS ATTRACTION Site Selection Assistance Foreign Direct Investment Economic Opportunity Fund Lease Purchase Bonds 501c3 Revenue Bonds Small Business Loans 14

15 BUSINESS RETENTION & EXPANSION PROGRAM OVERVIEW Operates as IA s Business Customer Service Program Business Outreach & Contact Interview, Survey & Assessment Recommendations and Referrals Action Planning Follow up and Review Assess and Report Economic Impact 15

16 Objectives Educate Entrepreneur Measure Advocate

17 3 Phases of a Simplified Innovation Process Conception Implementation Marketing * Requirement Analysis * Idea Generation * Idea Evaluation * Project Planning * Construction * Prototype Development * Pilot Application * Testing * Production * Market Launch and Penetration (national/international) 17

18 City of Atlanta Innovation Center: Demonstration Project Goals: Create new markets and new jobs Support existing local innovators and Entrepreneurs Improve quality and efficiency of City services and operations Advance the City s Sustainable Initiatives and economic development strategy Position Atlanta as a location for cutting edge innovation Retain entrepreneurs in the City of Atlanta Attract and maintain investments as a result of new innovations Create a collaborative community of relationships between government and entrepreneurs 18

19 City of Atlanta Innovation Center: Startup Atlanta Ordinance DESCRIPTION: An ordinance to amend the Occupation Tax Ordinance to provide a tax exemption for new and emerging technology businesses. GOALS: 1. Job Creation 2. Retention of entrepreneurs 3. Encourage investment in certain types of businesses in fields related to high technology, life sciences, information technology and intellectual property 4. Catalyze Atlanta s entrepreneurial ecosystem 5. Position Atlanta as a location for cutting edge innovative companies 19

20 $2,000,000,000 Business Development Economic Impact $1,800,000,000 $1,775,431,503 $1,600,000,000 $1,400,000,000 $1,200,000,000 $1,000,000,000 $800,000,000 $738,593,674 $600,000,000 $400,000,000 $200,000,000 $

21 Return on an Economic Development Services Investment For this 3 year period, for every $1 invested the City received over $9 in local taxes

22 Advanced Manufacturing 7% Wins Per Industry Other 10% Digital Arts and Media Production 10% Conventions and Tourism, 347 Advanced Manufacturing, Jobs Per Industry Other, 352 Digital Arts and Media Production, 580 Conventions and Tourism 9% Advanced Logistics 2% Corporate Headquarters and Professional Services 26% $500,000,000 $450,000,000 $400,000,000 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $0 $6,750,000 Digital Arts and Media Production $260,800,000 Life Sciences Life Sciences 7% Applied Computational Processing and Engineering 29% Investment Per Industry $65,800,000 Applied Computational Processing and Engineering $141,550,000 Corporate Headquarters and Professional Services Advanced Logistics, 25 Corporate Headquarters and Professional Services, 1237 $2,000,000 Advanced Logistics $25,000,000 $15,500,000 Conventions and Tourism Advanced Manufacturing $473,280,000 Other Life Sciences, 1060 Applied Computational Processing and Engineering, 2521

23 Business Attraction 60 companies have relocated to the City of Atlanta occupying over 8.6M square feet of real estate space 4

24 EOF GRANT Carter s/oshkosh Phipps Tower-3438 Peachtree Road The City of Atlanta offered $350,000 from the economic opportunity fund (EOF Grant) for this competitive project to expand in the City of Atlanta. The company agreed to hire 200 jobs at an average annual wage of $88,000. The project s capital investment was $30M. The company absorbed 80K sf of class A office space.

25 LEASE PROJECT Novare Project SkyHouse th Street $63,280,000 Lease Purchase Revenue Bond to Finance a Proposed Residential and Retail Project Approximately $500,000 increase in property tax Workforce Housing Component 100 construction jobs and permanent jobs Estimated Tax Savings is $3,093,031 within 10 years

26 SMALL BUSINESS LOAN PROGRAM From , Invest Atlanta has closed 117 loans representing $8,194,069 and leveraging $32,582,163 Businesses in many sectors have been financed Companies Include: Pencil Factory, White Oak Kitchen, Integrated Capital Partners, Like A River Salon and Spa, Utopia Trading Inc.

27 Redevelopment Department Programs for Revitalizing Specific Atlanta Areas

28 Programs and Initiatives Tax Allocation Districts (TADs) Community Improvement Fund Downtown Façade Improvement Grant Program New Markets Tax Credits (NMTC) Atlanta Seed Equity Initiative EB-5 Foreign Direct Investment Program (currently in the application process)

29 City of Atlanta TADs 10 Tax Allocation Districts To date, approximately $560 million in TAD bonds have provided gap financing for over $3.4 billion in private development Assessed property values in TADs have grown 20% since 1998 while City of Atlanta has grown at 5% Incentivize development in blighted and underdeveloped areas of City

30 Westside TAD Established in 1992, expanded in 1998 to leverage momentum from 1996 Olympics to redevelop Downtown Connect neighborhood assets Create live-work-play community surrounding Centennial Olympic Park Redevelop blighted residential neighborhoods west of Downtown 3 bond issues totaling: $161.3 million Allocations to Neighborhood Fund and Public Purpose Project Fund Base Assessed Value: $270,693, Assessed Value: $705,000,000 After: Before: The Ellis Hotel

31 Downtown Façade Improvement Grant Program Program Goals: Enhance the appearance of commercial areas while building safer, more attractive and stable neighborhoods Help new and established businesses attract customers and generate increased revenues Support the Atlanta Streetcar and generate ridership Leverage private investment Complement other community revitalization efforts

32 NMTC: Overview Federal program enacted by Congress in 2000 to drive private sector investment to urban and rural communities with high rates of poverty and unemployment NMTC Program attracts private investment to finance commercial, industrial, manufacturing and mixed use projects in low income neighborhoods Federal priorities for NMTC investments: Job Creation Jobs Accessible to Low Income Persons Goods and Services to Low Income Communities Flexible Lease Rates for Locally Owned Businesses Improved Access to Healthy Foods 32

33 New Markets Tax Credits Program Atlanta Emerging Markets, Inc. (AEMI), a Community Development Entity 100% owned by Invest Atlanta, has been awarded $110 Million in New Markets Tax Credit allocation since 2007 Eligible Areas for Investment The NMTC program provides real estate developers and operating businesses with below market rate debt products with favorable terms

34 NMTC Previous Transactions $25 million mezzanine loan to finance the expansion and renovation of aquarium exhibits in December Over 478 annual permanent jobs created. Aerotropolis Atlanta Georgia Aquarium $30 million mezzanine loan to finance the acquisition, demolition and remediation of the 122 acre Ford auto plant in May Over 400 annual permanent jobs created. 200 Peachtree $12 million mezzanine loan to convert the historic Macy s building into a special event center that includes a jazz club, banquet hall, meeting rooms and offices. Over 623 annual permanent jobs were created. National Center for Civil & Human Rights $13 million NMTC loan to finance the construction of the NCCHR in January Over 300 annual permanent jobs created.

35 Invest Atlanta Supports Atlanta Better Buildings Challenge Invest Atlanta s goals for energy savings projects: Upgrade older buildings with new technology Attract tenants to decrease vacancy Create jobs Four diverse buildings selected as priorities for TAD funding: 1. Walton Building historic building being converted to hotel Peachtree 35 story office building 3. English Avenue Yards warehouse and industrial loft campus 4. American Cancer Center office building with interior atrium

36 Housing Finance Department Programs for City Living

37 PROGRAMS FOR HOMEOWNERSHIP HOME ATLANTA 4.0 NEIGHBORHOOD LIFT AAHOP HOAP $60M available $500K available $800K available $400K available 1 st mortgage program FHA loans only Up to 5% grant 120% 140% AMI $374,268 max purchase price 2 nd mortgage program Up to $15K 5 year deferred loan 115% 120% AMI 203K loans eligible No purchase price limit 2 nd mortgage program Up to $10K 5 year deferred loan 80% AMI First time homebuyer $252,890 max purchase price 10% of sales price up to $15K 5 year deferred loan 115% 120% AMI Vine City/English Ave. area only No purchase price limit 37

38 PROGRAMS FOR DEVELOPERS TAX EXEMPT BONDS HOUSING OPPORTUNITY BELTLINE TRUST FUND VINE CITY TRUST FUND $75M+ available annually Below market interest Up to 100% financing Leverage 4% LIHTC year affordability 20/50 or 40/60 15% market rate units 2 nd mortgage loans Low interest rate (1% 3%) Up to 20% of project cost 15 year affordability 15% market rate units 20% of units at 60% AMI Grant dollars Must be in Beltline TAD Adherence to design guidelines Up to 30% of project cost 15 year affordability 15% of units at 60% AMI 2 nd mortgage loans Low interest rate (1% 4%) Must be in Vine City or English Ave Communities Up to 50% of project cost 38

39 TAX EXEMPT BONDS M-Street Apartments $28M in TEB financing for $31M project (80% Market; 20% Affordable) New construction of 308 apartment units in West Midtown Includes 8,500 sq.ft. of commercial space, leasing center, clubroom, fitness center, parking deck, swimming pool, limited access features Rated, lower floater bonds with Region LOC Developer: Julian LeCraw & Company

40 BELTLINE AFFORDABLE HOUSING TRUST FUND Lofts at Reynoldstown Crossing $1.1M grant for $5.1M project Conversion and adaptive reuse of warehouse to 30 condominiums Avg. purchase price $150K Includes sales office with clubhouse, business/computer center, fitness center, community room, gazebo, picnic area Developer: Atlanta Beltline, Inc. and Urban Realty Partners

41 BELTLINE AFFORDABLE HOUSING TRUST FUND Ponce City Market $2M grant for a $37M housing component project creating 52 workforce housing units located in higher cost area Adaptive Reuse of 2M sq ft into 450K sq ft of office, 330K sq ft of retail & restaurant, 259 residential units Athena Healthcare will occupy 80K sq ft of office space, providing 500 jobs Total project investment of $200M Developer: Jamestown Properties

42 Results Deployed $135 million in incentives and leveraged an additional $1.38 billion of real estate investment and business activity Created and/or retained 9,051 jobs occupying 8,680,196 square feet of real estate space Stabilized and transformed neighborhoods by financing 2,500 units of housing and making the dream of homeownership a reality for 520 families Funded 12 Tax Allocation District (TAD) projects spurring $80M in capital investment to assist in revitalizing and redeveloping five (5) neighborhoods in the City of Atlanta 1

43 Neighborhood Revitalization $80M of capital has been invested in Vine City, English Avenue, Lakewood, Greenbriar and Downtown Atlanta to fund 12 catalytic projects and assist in the revitalization of these neighborhoods Historic Westside Village Mims Park Quest Resource Center Trestletree Apartments Villas at the Dome 7

44 Catalytic Projects Invest Atlanta has incentivized several catalytic projects to advance the city s economic recovery 200 Peachtree National Center for Civil & Human Rights Dolphin Exhibit New Stadium Project Ponce City Market Wal-Mart Grand Opening Historic Westside Village 10

45 Thank you! 133 Peachtree Street NE Suite 2900 Atlanta, GA (404)

Columbus-Franklin County Finance Authority Projects Financed

Columbus-Franklin County Finance Authority Projects Financed Jean Carter Ryan, President 350 E. First Avenue ~ Suite 120 Columbus, Ohio 43201 614.429.0177 Telephone JRyan@columbusfinance.org www.columbusfinance.org Columbus-Franklin County Finance Authority Projects

More information

Chapter 9: Economic Development

Chapter 9: Economic Development Chapter 9: Economic Development 9.0 Accomplishments Since 2007 As the economic driver for the State, New Castle County continues to review development regulations and offer additional incentives and enhancements

More information

Understanding New Markets Tax Credits

Understanding New Markets Tax Credits Understanding New Markets Tax Credits A presentation by: LISC NMTC Program Financing Solutions to Rebuild America s Distressed Communities Access to Capital & Investment Tools 2010 Economic Development

More information

Westside TAD Neighborhoods Strategic Implementation Plan for the neighborhoods of Vine City and English Avenue. Summary

Westside TAD Neighborhoods Strategic Implementation Plan for the neighborhoods of Vine City and English Avenue. Summary Westside TAD Neighborhoods Strategic Implementation Plan for the neighborhoods of Vine City and English Avenue Summary September 4, 2013 Prepared by: APD Urban Planning & Management, LLC Goal 1: Create

More information

Community Benefits Plan

Community Benefits Plan Community Benefits Plan Article I. PURPOSE Section 1.01 The purpose of this Community Benefits Plan is to present recommendations to the City of Atlanta, Invest Atlanta and The Arthur Blank Family Foundation

More information

National Defense Industrial Association & Philadelphia Works. Regional Engagement Meeting Friday, July 8, 2016

National Defense Industrial Association & Philadelphia Works. Regional Engagement Meeting Friday, July 8, 2016 National Defense Industrial Association & Philadelphia Works Regional Engagement Meeting Friday, July 8, 2016 PIDC OVERVIEW Our mission is to spur investments, support business growth, and foster developments

More information

FINANCIAL INCENTIVES

FINANCIAL INCENTIVES FINANCIAL INCENTIVES Benefits are available for all types of companies - new, existing and relocating; regional and national headquarters; back-office; distribution and supply chain; manufacturing; and

More information

Financing Strategies to Encourage Transit Oriented Development Rail~Volution 2009

Financing Strategies to Encourage Transit Oriented Development Rail~Volution 2009 Financing Strategies to Encourage Transit Oriented Development Rail~Volution 2009 October 31, 2009 1 Six considerations for successful funding of transit oriented development. 1.Transit alone cannot create

More information

Going Beyond Traditional Public Private Partnerships To Promote Community Development

Going Beyond Traditional Public Private Partnerships To Promote Community Development Going Beyond Traditional Public Private Partnerships To Promote Community Development Who is NDC and What Do We Do? Oldest national non-profit community development organization in the United States. Mission:

More information

REAL ESTATE, HOUSING, AND ECONOMIC DEVELOPMENT DRAFT 5 YEAR ACTION PLAN BOARD BRIEFING

REAL ESTATE, HOUSING, AND ECONOMIC DEVELOPMENT DRAFT 5 YEAR ACTION PLAN BOARD BRIEFING REAL ESTATE, HOUSING, AND ECONOMIC DEVELOPMENT DRAFT 5 YEAR ACTION PLAN BOARD BRIEFING BACKGROUND 2 BACKGROUND Strategic Implementation Plan Approved 2013 Focused on work plan for transit, parks, trails,

More information

Economic Development Funding Matrix

Economic Development Funding Matrix Mechanism Target Market Status Program Brief Qualifications Use Future Opportunities Traditional Bank Financing Private LCA BS/JMc/TD JV/DB Reinvestment Act (CRA) Financing LCA/CFF JMc/TD/JV Banks Local

More information

County Commissioners Association of Ohio

County Commissioners Association of Ohio County Commissioners Association of Ohio Lunch and Learn: County Economic Development Essentials February 10, 2015 Mark Barbash Executive Vice President Finance Fund February 10, 2015 Presentation by Mark

More information

Oregon New Markets Tax Credit Program

Oregon New Markets Tax Credit Program Oregon New Markets Tax Credit Program Craig Campbell, on behalf of the Oregon Coalition for Capital 503-315-1411 Reynold Roeder, Roeder & Company, LLC 503-641-5457 Sara Pietka, Roeder & Company, LLC 503-941-5466

More information

GREATER PHOENIX ECONOMIC SNAPSHOT Chris Camacho, President & CEO

GREATER PHOENIX ECONOMIC SNAPSHOT Chris Camacho, President & CEO GREATER PHOENIX ECONOMIC SNAPSHOT Chris Camacho, President & CEO 1 2 THE GREATER PHOENIX ECONOMIC COUNCIL GREATER PHOENIX About the Greater Phoenix Economic Council (GPEC) 3 Our mission is to attract quality

More information

From Crisis to Start-Up City

From Crisis to Start-Up City From Crisis to Start-Up City THE NEW YORK CITY STORY Mark A. Thomas New York City Economic Development Corporation Senior Vice President - Partnerships MY ROLE @ NYCEDC Strategic private sector engagement

More information

Economic & Workforce Development

Economic & Workforce Development Participants at a Tulalip Tribes job fair learning about economic development resources. Photo credit: Flickr/Tulalip Economic & Workforce Development Tribal nations and the federal government must work

More information

Economic Development Strategic Framework and Action Plan Year 3 (2015) in Review & Projections for Year 4 & 5 (2016 & 2017)

Economic Development Strategic Framework and Action Plan Year 3 (2015) in Review & Projections for Year 4 & 5 (2016 & 2017) Economic Development Strategic Framework and Action Plan Year 3 (2015) in Review & Projections for Year 4 & 5 (2016 & 2017) City of Tacoma Community and Economic Development Ricardo Noguera, Director Economic

More information

RACINE COUNTY, WISCONSIN IN THE HEART OF THE CHICAGO-MILWAUKEE CORRIDOR

RACINE COUNTY, WISCONSIN IN THE HEART OF THE CHICAGO-MILWAUKEE CORRIDOR RACINE COUNTY, WISCONSIN IN THE HEART OF THE CHICAGO-MILWAUKEE CORRIDOR March 27, 2017 RCEDC: OVERVIEW Mission: Implement a Proactive Business Expansion and Business Recruitment Program that results in

More information

League Task Force on the Next Generation of Economic Development Tools Background Report: Community Development Corporations April 12, 2012

League Task Force on the Next Generation of Economic Development Tools Background Report: Community Development Corporations April 12, 2012 League Task Force on the Next Generation of Economic Development Tools Background Report: Community Development Corporations April 12, 2012 For the past few months, the League Task Force on the Next Generation

More information

FLORIDA JOB GROWTH GRANT FUND PINELLAS COUNTY ECONOMIC DEVELOPMENT PROJECT: THE 501 BUILDING RENOVATION LIST OF ATTACHMENTS A. ATTACHMENT A RESPONSES THAT DID NOT FIT IN TEXT BOX B. ATTACHMENT B LETTERS

More information

Beyond Housing in TOD Vision

Beyond Housing in TOD Vision Beyond Housing in TOD Vision Philadelphia, PA October 18, 2013 Placeholder, presenter logo DELETE if not needed. Presenters Moderator: Robin Hacke, Living Cities Panelists: Jennifer Standiford, Low Income

More information

Partnerships Leveraged and Matching Funds. Jefferson City July 19, 2012

Partnerships Leveraged and Matching Funds. Jefferson City July 19, 2012 Partnerships Leveraged and Matching Funds Jefferson City July 19, 2012 What Counts? EPA Brownfields grants are not intended to carry Brownfields redevelopment, only act as a bridge to get the ball rolling

More information

Economic Development Strategic Plan Executive Summary Delta County, CO. Prepared By:

Economic Development Strategic Plan Executive Summary Delta County, CO. Prepared By: Economic Development Strategic Plan Executive Summary Delta County, CO Prepared By: 1 Introduction In 2015, Region 10, a 501(c)(3) Economic Development District that services six counties in western Colorado,

More information

COMMUNITY FOUNDATIONS & ECONOMIC DEVELOPMENT. Indiana Grantmakers Alliance Wednesday, July 25, 2007

COMMUNITY FOUNDATIONS & ECONOMIC DEVELOPMENT. Indiana Grantmakers Alliance Wednesday, July 25, 2007 COMMUNITY FOUNDATIONS & ECONOMIC DEVELOPMENT Indiana Grantmakers Alliance Wednesday, July 25, 2007 4821058 Objective The State of Indiana plans to provide training and perhaps make limited grants to not-for-profit

More information

Job Creation Bonus (JCB) Program Guidelines & Application. City of Titusville Downtown Community Redevelopment Agency

Job Creation Bonus (JCB) Program Guidelines & Application. City of Titusville Downtown Community Redevelopment Agency Job Creation Bonus (JCB) Program Guidelines & Application City of Titusville Downtown Community Redevelopment Agency Adopted March 13, 2012 Introduction Job Creation Bonus (JCB) Program A Job Creation

More information

Empire State Development Programs /13/2017

Empire State Development Programs /13/2017 Empire State Development Programs 2017 6/13/2017 What is ESD Empire State Development (ESD) is the economic development arm for New York State. The mission of Empire State Development is to promote a vigorous

More information

Request for Proposals (RFP) For Restaurant Consulting Services 1657 Ocean Avenue

Request for Proposals (RFP) For Restaurant Consulting Services 1657 Ocean Avenue Request for Proposals (RFP) For Restaurant Consulting Services 1657 Ocean Avenue The City of Santa Monica (City) Housing and Economic Development Department is soliciting this Request for Proposals from

More information

Dane County Comprehensive Plan Economic Development Goals & Objectives HED Work Group July 7, 2006

Dane County Comprehensive Plan Economic Development Goals & Objectives HED Work Group July 7, 2006 Dane County Comprehensive Plan Economic Development Goals & Objectives HED Work Group July 7, 2006 Section I. Goal 1: Dane County will help to build and promote a robust, sustainable economy that enhances

More information

ECONOMIC & WORKFORCE DEVELOPMENT

ECONOMIC & WORKFORCE DEVELOPMENT ECONOMIC & WORKFORCE DEVELOPMENT Increasing economic opportunities and infrastructure development for Indian Country requires a comprehensive, multiagency approach. Indian Country continues to face daunting

More information

Florida Job Growth Grant Fund Public Infrastructure Grant Proposal

Florida Job Growth Grant Fund Public Infrastructure Grant Proposal Florida Job Growth Grant Fund Public Infrastructure Grant Proposal Proposal Instructions: The Florida Job Growth Grant Fund Proposal (this document) must be completed by the governmental entity applying

More information

Economic Development Finance The Deal, The Players, The Results. Thelma Adams Johnson, MBA, EDFP

Economic Development Finance The Deal, The Players, The Results. Thelma Adams Johnson, MBA, EDFP Economic Development Finance The Deal, The Players, The Results Thelma Adams Johnson, MBA, EDFP TOPICS TO BE COVERED What is Economic Development Finance? The Players Who are they? The Deal How to structure

More information

Department Edmonton Economic Development Corp.

Department Edmonton Economic Development Corp. Department Edmonton Economic Development Corp. Introduction Edmonton Economic Development Corporation (EEDC) was established in 1993 by the City of Edmonton as an independent, not-for-profit corporate

More information

Economic Development Element of the Arroyo Grande General Plan. Prepared by the City of Arroyo Grande Community Development Department

Economic Development Element of the Arroyo Grande General Plan. Prepared by the City of Arroyo Grande Community Development Department Economic Development Element of the Arroyo Grande General Plan Prepared by the City of Arroyo Grande Community Development Department Adopted by City Council Resolution No. 4489 on October 9, 2012 Table

More information

Business Subsidy Tax Abatement Tax Increment Financing Policy

Business Subsidy Tax Abatement Tax Increment Financing Policy Economic Development Policies Business Subsidy Tax Abatement Tax Increment Financing Policy Prepared by the City of Virginia Minnesota Offices Corporate Headquarters 85 East Seventh Place, Suite 100 St

More information

Spofford Live/Work Campus: Request For Expressions of Interest (RFEI) Public Meeting August 3, 2015

Spofford Live/Work Campus: Request For Expressions of Interest (RFEI) Public Meeting August 3, 2015 Spofford Live/Work Campus: Request For Expressions of Interest (RFEI) Public Meeting August 3, 2015 Agenda Presentation (20 minutes) Small Group Discussions (40 minutes) Report Back (10-15 minutes) Close

More information

Position Description January 2016 PRESIDENT AND CEO

Position Description January 2016 PRESIDENT AND CEO Position Description January 2016 OVERVIEW PRESIDENT AND CEO Local Initiatives Support Corporation (LISC) is the nation s largest private, nonprofit community development intermediary, dedicated to helping

More information

ECONOMIC DEVELOPMENT PROGRAMS

ECONOMIC DEVELOPMENT PROGRAMS ECONOMIC DEVELOPMENT PROGRAMS K ENTUCKY CABINET FOR ECONOMIC DEVELOPMENT: (502) 564-7670 - The Cabinet is the primary state agency in Kentucky responsible for creating new jobs and new investment in the

More information

City of Albany Industrial Development Agency (CAIDA)

City of Albany Industrial Development Agency (CAIDA) City of Albany Industrial Development Agency (CAIDA) Project Evaluation and Assistance Framework THE VISION OF ALBANY IN 2030 21 Lodge Street Albany, NY 12210 518-434-2532 IDA Info: www.albanyida.com 1

More information

Economic Development and Job Creation Programs in Minnesota

Economic Development and Job Creation Programs in Minnesota and Job Creation s in Minnesota Updated: November 2017 House Research Department Minnesota has a variety of programs designed to promote economic development and job creation throughout the state. The

More information

Brownfield Redevelopment The Developer s Perspective

Brownfield Redevelopment The Developer s Perspective Brownfield Redevelopment The Developer s Perspective About CommunitySmith Principles and Priorities CommunitySmith exists to create successful community revitalization projects by facilitating open and

More information

Thinking About Student Housing?

Thinking About Student Housing? Thinking About Student Housing? January 2015 Agenda The Team Trends SCC Motivating Factors Process Outcomes Discussion AECOM Our nearly 100,000 employees are dedicated to serving you in more than 150 countries

More information

Role of Local Government in Economic Development

Role of Local Government in Economic Development Role of Local Government in Economic Development Jonathan Q. Morgan, Ph.D. Joint Select Committee on ED Incentives April 10, 2008 What is the single most important role of local govt.? A. Provide incentives

More information

CITY OF ANN ARBOR ECONOMIC COLLABORATIVE TASK FORCE REPORT

CITY OF ANN ARBOR ECONOMIC COLLABORATIVE TASK FORCE REPORT CITY OF ANN ARBOR ECONOMIC COLLABORATIVE TASK FORCE REPORT Background Ann Arbor City Council has determined that economic health is one of its key priority areas. Economic sustainability and growth create

More information

Neighborhood Revitalization. Fiscal Year 2017 State Revitalization Programs Application. DEADLINE FOR SUBMISSION: Friday, July 15, 2016 at 3:00 p.m.

Neighborhood Revitalization. Fiscal Year 2017 State Revitalization Programs Application. DEADLINE FOR SUBMISSION: Friday, July 15, 2016 at 3:00 p.m. Maryland Department of Housing And Community Development LAWRENCE J. HOGAN Governor BOYD K. RUTHERFORD Lt. Governor KENNETH C. HOLT Secretary ELLINGTON CHURCHILL, JR. Deputy Secretary Division of Neighborhood

More information

New York University Campus Plan for Designation of Tax- Free NY Area

New York University Campus Plan for Designation of Tax- Free NY Area New York University Campus Plan for Designation of Tax- Free NY Area 1. Campus Name: New York University Contact Person: Jennifer Pautz Address: 25 West 4 th Street, 5 th Floor New York, NY 10012 2. Identification

More information

Innovative Transit Oriented Development April 4, 2014

Innovative Transit Oriented Development April 4, 2014 Innovative Transit Oriented Development April 4, 2014 1 State of MARTA 9th largest transit system in U.S. Approximately 418,000 weekday boardings 4,536 total employees Major contributor to regional and

More information

City of Tacoma Community & Economic Development Department Business Plan: Prosperity on Purpose for the City of Destiny*

City of Tacoma Community & Economic Development Department Business Plan: Prosperity on Purpose for the City of Destiny* City of Tacoma Community & Economic Development Department Business Plan: Prosperity on Purpose for the City of Destiny* City Vision The City of Tacoma will be recognized as a livable and progressive international

More information

Incentives and Economic Development Policy ELLEN HARPEL NACCTFO COURSE WASHINGTON, DC MARCH 2018

Incentives and Economic Development Policy ELLEN HARPEL NACCTFO COURSE WASHINGTON, DC MARCH 2018 Incentives and Economic Development Policy ELLEN HARPEL NACCTFO COURSE WASHINGTON, DC MARCH 2018 Agenda QUESTIONS ENCOURAGED: Exploring incentives in real life WHY we use incentives HOW we use incentives

More information

Request for Developer Qualifications-John Deere Commons Development Opportunity

Request for Developer Qualifications-John Deere Commons Development Opportunity Request for Developer Qualifications-John Deere Commons Development Opportunity Moline, IL January 2012 Open Letter Inviting the Interest of Private Developers Attached please find a Request for Qualifications

More information

Phase I 2017 NMTC Review Form. Business Strategy

Phase I 2017 NMTC Review Form. Business Strategy Business Strategy Products, Services and Investment Criteria (Qs. 14-16). 1. Does the Applicant clearly explain the rates, terms, and flexible features for each financial product it intends to offer in

More information

Proposed Policy Agenda January 20, 2015

Proposed Policy Agenda January 20, 2015 Proposed Policy Agenda January 20, 2015 BUDGET PRIORITIES CDN urges level funding for the robust Community Development programs at DHCD: CDN fully supports programs in DHCD that support community development

More information

ECONOMIC DEVELOPMENT. Page 2-141

ECONOMIC DEVELOPMENT. Page 2-141 A ECONOMIC DEVELOPMENT The City of Sacramento recognizes the importance of increasing individual wealth and creating employment opportunities while at the same time generating sufficient revenues for the

More information

FY BUDGET BY PROGRAM

FY BUDGET BY PROGRAM ECONOMIC DEVELOPMENT/REDEVELOPMENT Budget Summary CATEGORY FY 06/07 FY 05/06 FY 04/05 Proposed Year-End Actuals Budget Estimate Salaries $608,860 $686,700 $537,051 Operations & Maintenance 905,395 253,585

More information

Starting A Business in Worcester

Starting A Business in Worcester Starting A Business in Worcester Edward M. Augustus, Jr., City Manager Michael E. Traynor, Esq., Chief Development Officer Paul D. Morano, Jr., Asst. Chief Development Officer Business & Community Development

More information

Welcome, NYU Students October 16, 2015

Welcome, NYU Students October 16, 2015 Welcome, NYU Students October 16, 2015 FRISCO, TX Bring Your Dreams Frisco is Centrally Located in the U.S. All major cities in the continental U.S. are within a four hour flight time Centrally Located

More information

House Finance Committee January 20, 2016

House Finance Committee January 20, 2016 House Finance Committee January 20, 2016 2015 Assembly enacted 15 programs as part of the FY 2016 budget in support of the Governor s economic strategy Staff review of programs, purposes and implementation

More information

Request for Proposals

Request for Proposals Request for Proposals Big Bethel AME Church Campus Development Strategy October 21, 2013 Big Bethel AME Church 220 Auburn Avenue NE Atlanta, Georgia 30303 Introduction Big Bethel AME Church and Bethel

More information

Chapter 5 Planning for a Diversified Economy 5 1

Chapter 5 Planning for a Diversified Economy 5 1 Chapter 5 Planning for a Diversified Economy Introduction The Planning for a Diversified Economy chapter will identify existing job opportunities in Prescott, strengths for attracting or retaining businesses

More information

Neighborhood Revitalization State Revitalization Programs FY2017

Neighborhood Revitalization State Revitalization Programs FY2017 Maryland Departmentof Housing Neighborhood Revitalization State Revitalization Programs FY2017 Program and Application Training STATE RETIVALIZATION PROGRAMS Community Legacy CL Neighborhood Intervention

More information

Community Development Financial Institutions (CDFIs) & Community Foundations Washington Community Foundations Convening October 5, 2016 Sleeping Lady

Community Development Financial Institutions (CDFIs) & Community Foundations Washington Community Foundations Convening October 5, 2016 Sleeping Lady Community Development Financial Institutions (CDFIs) & Community Foundations Washington Community Foundations Convening October 5, 2016 Sleeping Lady Discussion Topics Understanding CDFIs How we work together

More information

Case for Support Lee County Economic Development Group. Lee County A Five-Year Strategic Initiative to Spur Economic Growth in Lee County

Case for Support Lee County Economic Development Group. Lee County A Five-Year Strategic Initiative to Spur Economic Growth in Lee County Case for Support Lee County Economic Development Group Lee County 2018 A Five-Year Strategic Initiative to Spur Economic Growth in Lee County Our Mission As the first contact and central economic development

More information

Southern Dallas GO Bond Program Public/Private Partnership Amendment

Southern Dallas GO Bond Program Public/Private Partnership Amendment Southern Dallas GO Bond Program Public/Private Partnership Amendment A Briefing to the Economic Development Committee Economic Development and Housing Department December 3, 2007 1 KEY FOCUS AREA: ECONOMIC

More information

MassWorks Infrastructure Program (MassWorks)

MassWorks Infrastructure Program (MassWorks) MassWorks Infrastructure Program (MassWorks) 1 MassWorks Created in 2010 the to provide municipalities with a one-stop shop for public infrastructure funding to support housing production, economic development

More information

City of Portsmouth Economic Development Commission 2011 Action Plan

City of Portsmouth Economic Development Commission 2011 Action Plan City of Portsmouth Economic Development Commission 2011 Action Plan Statement of Purpose: The City of Portsmouth Economic Development Commission (EDC) is committed to ensuring continued economic prosperity,

More information

REQUEST FOR PROPOSALS

REQUEST FOR PROPOSALS 1 REQUEST FOR PROPOSALS Redevelopment of property located at 507 English Avenue, NW Atlanta, Georgia 30318 October 2, 2017 Due Date: October 23, 2017 by 3:00 pm EST 133 Peachtree Street, NE, Suite 2900

More information

Public/Private Partnership Program. November 4, 2013

Public/Private Partnership Program. November 4, 2013 Public/Private Partnership Program November 4, 2013 Purpose Review the City s Public/Private Partnership Program Guidelines & Criteria Receive input from the Committee concerning the program 2 Public/Private

More information

SFY 2017 Neighborhood Development Center Small Business Programs Direct Appropriation

SFY 2017 Neighborhood Development Center Small Business Programs Direct Appropriation SFY 2017 Neighborhood Development Center Small Business Programs Direct Appropriation Report to the Legislature as required by 2016 Minnesota Session Laws, Chapter 189, H.F. 2749, Article 12, Section 11,

More information

HOW WEDC CAN ASSIST DEVELOPMENT IN YOUR COMMUNITY

HOW WEDC CAN ASSIST DEVELOPMENT IN YOUR COMMUNITY HOW WEDC CAN ASSIST DEVELOPMENT IN YOUR COMMUNITY Jennifer Hagner Campbell, Senior Staff Counsel Mary Gage, Senior Economic Development Director 2018 Municipalities Attorneys Institute Wisconsin Economic

More information

Update on HB2 Preparation. Presentation to FAMPO May, 2016

Update on HB2 Preparation. Presentation to FAMPO May, 2016 Update on HB2 Preparation Presentation to FAMPO May, 2016 Preparing for Next Round of HB2 and Next CLRP Positioning GWRC/FAMPO HB2 Projects to maximize project scores Candidate projects need to be in:

More information

Incentives for Businesses

Incentives for Businesses Incentives for Businesses The following overviews of incentive programs are summarized and presented based on a company s location in St. Petersburg,. This summary is for reference purposes only and is

More information

Financial Advisory Services. Page 1

Financial Advisory Services. Page 1 GLENDALE REDEVELOPMENT AGENCY REQUEST FOR QUALIFICATIONS/PROPOSALS FINANCIAL ADVISORY SERVICES 633 East Broadway, Suite 201 Glendale, California 91206 April 17, 2008 REQUEST FOR QUALIFICATIONS/PROPOSALS

More information

In the Community. Community Development Newsletter DID YOU KNOW? Page 1 SPRING 2017 ISSUE 25

In the Community. Community Development Newsletter DID YOU KNOW? Page 1 SPRING 2017 ISSUE 25 SPRING 207 ISSUE 25 In the Community Community Development Newsletter Lifting Minority and Women-owned Small Businesses with Increased Capital Access to capital is vital to the success of small businesses

More information

DETAILED STRATEGIC PLAN

DETAILED STRATEGIC PLAN www.dcedc.org DETAILED STRATEGIC PLAN 421 N. California Street Suite 200 Sycamore, IL 60178 [phone] 815.895.2711 [fax] 815.895.8713 MISSION STATEMENT: DCEDC is a public/private partnership working to facilitate

More information

Economic Impact of Hospitals and Health Systems in North Carolina. Stephanie McGarrah North Carolina Hospital Association August 2017

Economic Impact of Hospitals and Health Systems in North Carolina. Stephanie McGarrah North Carolina Hospital Association August 2017 Economic Impact of Hospitals and Health Systems in North Carolina Stephanie McGarrah North Carolina Hospital Association August 2017 Overview Health care industry in North Carolina Economic impact of North

More information

634 NORTH PARK AVENUE

634 NORTH PARK AVENUE Evaluation Criteria Submission Incentives, Districts & Zones Site Location Executive Summary Site Overview OPPORTUNITY FOR DEVELOPMENT 634 NORTH PARK AVENUE Warren, Ohio PREPARED BY: SITE OVERVIEW Address:

More information

CITY OF PROVIDENCE: ECONOMIC CLUSTER STRATEGY. Presentation to City Council Final Analysis November 18 th, 2015

CITY OF PROVIDENCE: ECONOMIC CLUSTER STRATEGY. Presentation to City Council Final Analysis November 18 th, 2015 CITY OF PROVIDENCE: ECONOMIC CLUSTER STRATEGY Presentation to City Council Final Analysis November 18 th, 2015 CONTENTS I. Goals and Preview II. III. IV. Economic Foundation Clusters and Actions Recommendations

More information

REGIONAL ECONOMIC DEVELOPMENT FORUMS

REGIONAL ECONOMIC DEVELOPMENT FORUMS REGIONAL ECONOMIC DEVELOPMENT FORUMS Discussion Summary Central Oregon Region Bend, Oregon Input from economic development organizations, local government, business groups, employers and education leaders

More information

ECONOMIC DEVELOPMENT STRATEGIC PLAN. Adopted by the Riverbank City Council March 2011

ECONOMIC DEVELOPMENT STRATEGIC PLAN. Adopted by the Riverbank City Council March 2011 ECONOMIC DEVELOPMENT STRATEGIC PLAN Adopted by the Riverbank City Council March 2011 INTRODUCTION Economic development is a priority for Riverbank citizens and decision makers alike. The City wishes to

More information

L AK E S TRE ET V E N T U R E S 1

L AK E S TRE ET V E N T U R E S 1 L AK E S TRE ET V E N T U R E S 1 Welcome to Lake Street With each opportunity we welcome challenges, because they bring out our best. Every day we adapt to the diversity of our business with creative

More information

East Tampa Business Exchange

East Tampa Business Exchange East Tampa Business Exchange Brenda Grove Glorida Parham Stephen Yerrakadu Cherrise Wilks Florida Institute of Government Community Real Estate Development: Class 2013 2 East Tampa Business Exchange Plan

More information

A THRIVING MIDDLE GEORGIA

A THRIVING MIDDLE GEORGIA Plan for A THRIVING MIDDLE GEORGIA Regional Opportunities and Action Items Part II January 20, 2015 Update since January 8 Meetings continue in each of the 11 counties. 5 meetings remain. Topics include:

More information

REQUEST FOR PROPOSALS

REQUEST FOR PROPOSALS WARNER AND SWASEY REDEVELOPMENT 5701 CARNEGIE AVENUE REQUEST FOR PROPOSALS 1. OVERVIEW AND INTRODUCTION The City of Cleveland s Department of Economic Development, is issuing a Request for Proposals (RFP)

More information

Enterprise Zone Application. The Town of Chestertown. and The County of Kent

Enterprise Zone Application. The Town of Chestertown. and The County of Kent Enterprise Zone Application The Town of Chestertown and The County of Kent 2016 Enterprise Zone Application_Chestertown_Kent County Page 2 Page 2 04/14/2016 Enterprise Zone Application_Chestertown_Kent

More information

Riverdale Farms Commercial Tracts - Warrior Drive Murfreesboro, TN

Riverdale Farms Commercial Tracts - Warrior Drive Murfreesboro, TN Riverdale Farms Commercial Tracts - Warrior Drive, TN Three Tracts Available 15.03 AC = $275,000 16.70 AC - $875,000 15.12 AC = $275,000 Contact: John Harney Cell: (615) 542-0715 Office: (615) 278-5029

More information

City of Dallas Office of Economic Development Public/Private Partnership Program. February 21, 2012

City of Dallas Office of Economic Development Public/Private Partnership Program. February 21, 2012 City of Dallas Office of Economic Development Public/Private Partnership Program February 21, 2012 Purpose Review the City s Public/Private Partnership Program Guidelines & Criteria in preparation for

More information

NON-PROFIT JOINT VENTURES, MERGERS AND ACQUISITIONS

NON-PROFIT JOINT VENTURES, MERGERS AND ACQUISITIONS NON-PROFIT JOINT VENTURES, MERGERS AND ACQUISITIONS Agenda: Strategic Alliances and Mergers Mark Deitcher, Mission First Housing Group Joint Ventures Non-profit Perspective Rose Gray, Asociación Puertorriqueños

More information

REQUEST FOR PROPOSALS

REQUEST FOR PROPOSALS REQUEST FOR PROPOSALS Downtown Triangle Redevelopment 1 st Street North, East Jackson Street, and Market Street City of Wisconsin Rapids 444 West Grand Avenue, Wisconsin Rapids, WI 54495 February 2017

More information

The SoNo Collection Norwalk, CT

The SoNo Collection Norwalk, CT The SoNo Collection Norwalk, CT Norwalk Common Council 04.17.17 Planning Committee Table of Contents 1 Project Site 2 Requested Approvals 3 Updated Conceptual Renderings 4 Economic Impacts 1 Project Site

More information

GBEDC Annual Investors Meeting December 10, 2014

GBEDC Annual Investors Meeting December 10, 2014 GBEDC Annual Investors Meeting December 10, 2014 Chicago Fittings Corporation Company and Project Background Company Formed in 1930 (Currently located in Belvedere, IL) Specialty Fitting Manufacturer Patented

More information

Community Development Financial Institutions (CDFI) Fund Introduction to New Markets Tax Credits Presentation

Community Development Financial Institutions (CDFI) Fund Introduction to New Markets Tax Credits Presentation COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND www.cdfifund.gov Community Development Financial Institutions (CDFI) Fund Introduction to New Markets Tax Credits Presentation PRESENTED BY David Meyer

More information

Food Enterprise Center Business Plan Executive Summary Freeport, Illinois

Food Enterprise Center Business Plan Executive Summary Freeport, Illinois Food Enterprise Center Business Plan Executive Summary Freeport, Illinois December, 2014 The Food Enterprise Center supports food entrepreneurs and farmers to sustainably grow the regional economy. The

More information

Building the Next Metropolitan Centre. The City of Surrey Economic Strategy Overview

Building the Next Metropolitan Centre. The City of Surrey Economic Strategy Overview Building the Next Metropolitan Centre The City of Surrey Economic Strategy Overview 2017-2027 City of Surrey Economic Overview PROGRESSIVE ECONOMIC POLICIES AND GROWTH 2nd lowest municipal tax for business

More information

Economic Development and Employment Element

Economic Development and Employment Element Economic Development and Employment Element Element Objectives The policies and actions of the Economic Development and Employment Element are intended to achieve the following nine objectives: 1. Provide

More information

The Johns Hopkins University Homewood Community Partners Initiative

The Johns Hopkins University Homewood Community Partners Initiative The Johns Hopkins University Homewood Community Partners Initiative Federal Reserve Bank of Philadelphia Bridging Growth & Opportunity: Reinventing Older Communities May 13, 2014 Anchor Institutions Defined

More information

Fitchburg Development Assistance Guide. A guide to technical support and incentives for business and housing development in Fitchburg.

Fitchburg Development Assistance Guide. A guide to technical support and incentives for business and housing development in Fitchburg. Fitchburg Development Assistance Guide A guide to technical support and incentives for business and housing development in Fitchburg. Foreward Fitchburg is Open for Business! In my role as Mayor, it pleases

More information

Business Financing Programs

Business Financing Programs LOANS LO 1 - Land and building aqcuisition - Loans up to $2 Million - 2.00% Fixed Interest Rate - Adjusts Quarterly Real Estate - - R&D, Ag Processors - Computer Operation Center - Hospitality - Warehousing

More information

01/01/14-12/31/14 EDA Grant Number:

01/01/14-12/31/14 EDA Grant Number: Annual Performance Report 01/01/14-12/31/14 EDA Grant Number: 06-83-05814 Prepared by West Central Indiana Economic Development District, Inc. 1718 Wabash Ave, Terre Haute, IN 47807 (812) 238-1561 The

More information

GEORGIA BAR FOUNDATION, INC. Request for Proposals

GEORGIA BAR FOUNDATION, INC. Request for Proposals GEORGIA BAR FOUNDATION, INC. Request for Proposals The Georgia Bar Foundation, Inc. ( GBF or the Bar Foundation) has received $13,005,533 as a result of a settlement between the U.S. Department of Justice

More information

Opportunity Zones Program. February 2018

Opportunity Zones Program. February 2018 Opportunity Zones Program February 2018 Presenters Matt Josephs, Senior Vice President LISC Policy John Lettieri, Senior Director for Policy and Strategy Economic Innovation Group Kevin Boes, President

More information

Council. Jill A. Jordan, RE., Assistant Joey Zapata, Assistant M.

Council. Jill A. Jordan, RE., Assistant Joey Zapata, Assistant M. Memorandum CITY OF DALLAS DATE TO SUBJECT December 2, 2016 Members of the Economic Development Committee: Rickey D. Callahan (Chair), Casey Thomas, II, (Vice Chair), Adam Medrano, Lee M. Kleinman, Carolyn

More information