Maximizing Economic Development Incentives
|
|
- Shanon Andrews
- 6 years ago
- Views:
Transcription
1 GFOAT Maximizing Economic Development Incentives Jay Chapa, Housing and Economic Development Director City of Fort Worth
2 Agenda Outline Economic Development in Fort Worth Provide you with a basic understanding of incentives most utilized by the City to promote private investment and economic development Provide examples of projects that have received incentives Show how incentive agreements have been successful in promoting City goals/produce outcomes
3 What is economic development? Economic development is a program, group of policies, or activity that seeks to improve the economic well-being and quality of life for a community by creating and/or retaining jobs that facilitate growth and provide a stable tax base. -International Economic Development Council
4 Why does economic development matter? Creation of jobs Increased human capital Infrastructure improvements Private investment Growth and diversification of tax base Better economic conditions Improved quality of life
5 Fort Worth, Texas Cowboys, culture, and so much more
6 Quick Facts: Fort Worth 16 th largest city in the United States 3.9% annual average population growth rate Could exceed 1 million people by 2030 Ranked among the top places in the nation to work, live and do business by Money, Fortune, Site Selection, and Newsweek magazines Cost of living 14% below the national average Recently named as having the #1 Downtown in the nation Source: Fort Worth Chamber of Commerce
7 City of Fort Worth: Housing & Economic Development Department 5-Year Goals Preserve and increase the number of quality, affordable, accessible housing units; Increase job growth and commercial investment; Increase investment in targeted neighborhoods and increase the proportion of low- to moderate-income persons served by our programs; Create mixed-income, mixed-use development in urban villages and transit-oriented development (TOD) areas; and Be recognized as a leader in business and housing development by our peers and customers. Source: City of Fort Worth
8 Use of Tax Incentives in Fort Worth
9 Use of Incentives City incentives focus on promoting development projects that: Conform to the City s Comprehensive Plan and Strategic Goals Meet the But for test Avoid negative fiscal impacts Effectively leverage private dollars Provide quality, sustainable job opportunities Have verifiable financing gaps Create contract opportunities for Fort Worth companies Capitalize on near or mid-term market opportunities and niches Provide preference for projects in targeted Central City areas and that create mixed-use activity centers
10 Priority Preference Area Central City Area established by the City Council within Loop 820 consisting of: All CDBG-eligible census block groups; and All state-designated enterprise zones; and All census block groups that are contiguous by 75 percent or more of the perimeter to CDBG eligible block groups or enterprise zones.
11 Incentives Tax Abatements Chapter 380 Economic Development Grants Tax Increment Financing Districts Neighborhood Empowerment Zones Enhanced Community Facilities Agreements Enterprise Projects
12 Example Projects
13 Bell Helicopter - Textron
14 Proposed Project Expansion/consolidation of current Fort Worth facilities at the main headquarters operation located south of Hwy 10 and north of Trinity Blvd. and at Centreport distribution facility Project consist of a new headquarters facility, employee center and training academy at the headquarters site This project will be constructed in four phases Effort is to improve efficiencies that will allow Bell to stay competitive in the long term Company was considering two other area cities for potential consolidation
15 Bell Operations in Fort Worth Area Plant 8A (Fort Worth) Training Academy / Customer Service Center, Bldg. 63 / Military Programs Center (MPC) Plant 8B (Roanoke) Bldg. 55 / Logistics Center, Repair and Overhaul Center (ROC) Plant 1 & 2 (Fort Worth) HQ, Rotor Systems Center (RSC), Advanced Composite Center (ACC) Plant J (Fort Worth) Warehouse Plant 3 (Fort Worth) Central Distribution Center (CDC) Plant 5 (Grand Prairie) Drive Systems Center (DSC) Bell Helicopter Facility Facility to Consolidate Facility to Remain in Current Location Plant 6 (Arlington) XworX
16 Development Commitments Investment Minimum investment of $235 M by December 31, 2015 Fort Worth Construction Minimum of 30% Fort Worth M/WBE Construction Minimum of 25% Jobs Retain 4,500 FTE from Dec. 31, 2014 through Dec. 31, 2020 Maintain 20% of FTE with Fort Worth residents Maintain 5% of FTE with Central City residents Supply & Service Fort Worth contractors minimum of $1 million Fort Worth MWBE contractors minimum of $500,000
17 Development Commitments by Phase Phase I-- $5 M Construction of a new employee center by December 31, 2012 Phase II -- $5 M Relocation, consolidation and renovation for the repair and overhaul activities as well as relocation of inventory to the central distribution center at CentrePort by December 31, 2013 If the additional new investment is not met the program grants will be reduced by 15% for the remainder of the agreement Phase III --$50 M Construction of a new main headquarters and administration building and associated infrastructure at Hwy 10 and Bell Spur by December 31, 2014 If the additional new investment is not met the program grants will be reduced to a maximum of 50% for the remainder of the agreement Phase IV --$15 M Construction of a new training academy at Norwood Drive and Trinity Blvd by December 31, 2015 If the additional new investment is not met the program grants will be reduced by 5% for the remainder of the agreement $160 million in personal property to be invested by
18 New Administration Building Consolidated campus Center for administration, engineering, human resources, program offices Traditional design Intra-building connectivity 18
19 Training Academy Consolidated campus Utilizes existing facility resources for training, ROC, and warehousing World class integrated training facility Flight training and airfields in a location less affected by metroplex growth 19
20 Proposed Incentives Incentive proposal is for the City to enter into a 1-year tax abatement and 19-year, Chapter 380 Economic Development Program agreement to abate/refund up to 80% on incremental Ad-valorem taxes created within Fort Worth Waiver of development fees associated with the project
21 Proposed Incentive Terms Company Commitment Potential Abatement Real and Personal Property Investment 30% Fort Worth Contractors 10% Fort Worth M/WBE Contractors 5% Overall Employment 5% Employment of Fort Worth Residents 10% Employment of Fort Worth Central City Residents 10% Utilization of Fort Worth Companies for Services and Supplies 5% Utilization of Fort Worth M/WBE Companies for Supplies and Services 5% TOTAL 80% Failure to meet investment deadline for Phase 1 results in default and termination of agreement and other phases have reduction of abatement/grant Failure to meet a commitment will result in a reduction of the corresponding component of the grant for that year proportional to the amount the commitment was not met
22 Development Summary Private Investment Minimum $235 M in real and personal property Employment 4,500 by December 31, 2020 Public Investment for abatement and 380 grant capped at 10:1 ratio private investment to public investment Est. Benefit $13,500,000 Est. Ratio 17:1 Norwood Infrastructure ECFA: $1,000,000 CFW Tax Revenue (20 yr projection) Est. New RP & BPP $ 5,875,000 Existing RP & BPP $43,325,000 Total Revenue $49,200,000
23 Waterside Development Project 23
24 Development Proposal 74 acre mixed-use development Surface and garage parking Public infrastructure including bridge, riverfront park and trail Retail Office Residential Hotel 24
25 Waterside Plan Required Bridge 25
26 Proposed Incentives Overview Proposed $185 mil. total investment (excl. land) $19.0 million in required public infrastructure $3.0 million in structured parking Phase 1 $90 M investment Minimum 465,000 SF Commercial: 140,000 SF Residential: 325,000 SF (approx. 400 units) Phase 2 $35 M additional investment Minimum 150,000 SF commercial or residential (approx. 400 units) Phase 3 $60 M additional investment Minimum 200,000 SF commercial or residential Costs to construct single-family, non-rental housing will count towards investment minimum but will not be counted toward SF commitment or grant payments 26
27 Proposed Incentives Overview Chapter 380 grant for 15 years equal to an average of 75% of the incremental real and personal property and 75% of the one cent sales tax revenue with an overall cap based on the level of investment. Grant percentages: 80% years 1-5, 75% years 6-10, 70% years Value of incentive is capped at $18.5 Mil. NPV at highest level if investment levels are met (3 phases): Minimum Investment Maximum Incentive Level 1: $ 90 M $ 9 M/PV (12 M gross) Level 2: $125 M $12.5 M/PV (18 M gross) Level 3: $185 M $18.5 M/PV (30 M gross) 27
28 Waterside Contracting Commitments 30% of hard construction costs to be spent with FW contractors for 25% of grant 25% of hard construction costs to be spent with FW MWBE contractors for 25% of grant Spend $200k annually on supply and service contracts with FW companies Spend $100k annually on supply and service contracts with FW MWBE companies 28
29 Waterside Affordable/Workforce Housing Developer prefers proposed alternative to substitute funding for set aside units Annual grant payment reduced $200 per unit, per year for term of grant agreement deposited by City directly into housing trust fund to be administered by Fort Worth Housing Finance Corporation Estimated annual revenue to FWHFC: $150, units x $200 per yr x 15 yrs 400 units x $200 per yr x 13 yrs Estimated total revenue to FWHFC over term of agreement: $2,250,000 29
30 Proposed Incentive Terms Company Commitment Potential Abatement Real Property Investment 30% Fort Worth Contractors 10% Fort Worth M/WBE Contractors 10% Overall Employment 10% Utilization of Fort Worth Companies for Services and Supplies Utilization of Fort Worth M/WBE Companies for Supplies and Services 10% 10% TOTAL 80%
31 Waterside 15 Year Tax Projection (Maximum Incentive) General Fund: Tax Projection Total Tax Developer CFW FWHFC* Property $22.6 M $13.65 M $ 7.7 M $1.25 M Sales Tax 17.6 M M 4.5 M 1.00 M Total: $40.2 M $25.75 M* $12.2 M $2.25 M Other Tax CFW Crime District The T County Hospital College Water District FWISD $ 8.8 M $ 8.8 M $ 6.9 M $ 6.0 M $ 3.9 M $ 0.5 M $35.0 M Total Local Tax Benefit: $110.1 M (CFW $12.2 M) Total to FWHFC for housing trust fund: $2.25M 31
32 Measuring Progress: Audits
33 Measuring Progress: Audits Commitments verified, findings used to determine annual incentive levels Minimum investment levels met Number of jobs created or retained through incentive projects Number of Fort Worth/Central City residents employed at companies receiving incentives Value of Fort Worth and Fort Worth MWBE contracts through incentive projects Required affordable housing set aside met (if applicable) 33
34 Measuring Progress: Audits 2012 Review Summary Tax Abatement Agreements 13 agreements were reviewed Economic Development Program Grant Agreements 22 agreements were reviewed 34
35 Measuring Progress: Audits 2012 Employment Summary 35
36 Measuring Progress: Audits 2012 Fort Worth Business Participation In Millions 36
37 Measuring Progress: Audits 2012 M/WBE Business Participation In Millions 37
38 Measuring Progress: Audits Collected Tax Abatements Agreement vs. Projection $ Value to Company $ Taxes to City Estimated Per Agreements $3,038,240 $ 776,386 Awarded Value Per Audit $1,873,316 $1,941,310 City collected $1,164,924 above projected. 38
39 Measuring Progress: Audits Review Findings for Economic Development Program Agreements 39
40 Measuring Progress: Audits Economic Development Agreements Company Grant Max. Grant Earned Value to Company Value to City Acme (2038) Sales 100% 100% $622,374 $311,187 Cabela s (2025) BPP, Sales, Inventory 67% 67% $417,012 $462,061 ER at Alliance (2022) BPP 80% 70% $6,981 $2,992 La Gran Plaza (2027) RP, BPP, Sales 80% 80% $321,179 $436,098 Montgomery Plaza (2029) RP, BPP, Sales 100% 100% $904,513 $239,450 Museum Place Dev. (2025) RP, BPP, Sales 55% 55% $185,362 $179,616 Oliver s Fine Foods (2032) Sales 100% 100% $9,652 $4,826 Omni Fort Worth Hotel (2026) RP, Sales, HOT 100% 100% $2,702,074 $67,118 40
41 Measuring Progress: Audits Economic Development Agreements (Continued) Company Grant Max. Grant Earned Value to Company Value to City Pier 1 (2025) RP, BPP 90% 80% $448,334 $174,352 Parole Office (2022) RP 100% 100% $10,390 $0 Presidio Hotel (2029) HOT 100% 87% $510,556 $76,290 RadioShack (2016) RP, Sales 100% 100% $162,761 $9,163 Railhead Business Park (2015) RP 90% 90% $459,731 $0 Renaissance Worthington (2024) Sales, HOT Target at Montgomery Plaza (2031) RP, BPP, Sales 100% 100% $93,845 $45, % 100% $588,012 $189,349 The Tower (2015) RP 100% 100% $764,702 $43,000 Trinity Bluff Phase 1 (2024) RP 100% 100% $193,650 $94,805 41
42 Measuring Progress: Audits Economic Development Agreements (Continued) Company Grant Max. Grant Earned Value to Company Value to City Trinity Bluff Phase 2 (2030) RP 50% 50% $37,802 $37,802 Trinity Bluff Phase 3 (2030) RP 100% 100% $286,350 $0 West 7 th Development (2026) RP, BPP, Sales 70% 64.5% $948,512 $667,344 TD Ameritrade Inc. (2022) BPP 50% 50% $12,195 $12,195 TTI, Inc. (2017) Road Project 100% 100% $116,941 $0 42
43 Measuring Progress: Audits Economic Development Program Grants: Summary Total Taxes Collected $15,173,629 Total Grants $ 9,689,095 Net Revenue to City $ 5,484,534 43
44 Comparison of Incentives to Total Ad Valorem Taxes CFW total appraised value of real & personal property: $ 59.8 Billion Estimated total real & personal property taxes: $374.7 Million Estimated sales taxes: $113.4 Million Estimated total ad valorem & sales taxes: $ Million Total taxes abated/granted: $ 11.6 Million Percent of taxes abated/granted: 2.4% Total Private Investment Leveraged $1.4 Billion Percent of City Participation on Private Investment:.83% Private to Public Ratio: 122:1 44
45 Recap Project being considered furthers the community s goals Meet the But for test (but for public funds, the project as proposed will not be realized) Avoid negative fiscal impacts (no impact to existing tax base) Effectively leverage private dollars (FW model is minimum 1 to 10) Provide quality, sustainable job opportunities Have verifiable financing gaps on development projects and competition on corporate developments Show direct positive impact to existing tax payers 45
46 Questions?
Bell Helicopter Textron. Jay Chapa Housing and Economic Development Department November 1, 2011
Bell Helicopter Textron Jay Chapa Housing and Economic Development Department November 1, 2011 Company Background Founded in 1935 Headquartered in Fort Worth, Texas Additional plants in Amarillo, TX and
More informationCity 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 informationFinancing 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 informationPublic/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 informationSouthern 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 informationCULTURAL SPACES UPDATE. Report reference for City Council June 1, 2016 RTS 11482
CULTURAL SPACES UPDATE Report reference for City Council June 1, 2016 RTS 11482 AGENDA 1. Strategic Direction / Types of Cultural Space 2. Ways the City Supports Cultural Spaces 3. Challenges / Trends
More informationTAX PHASE-IN GUIDELINES FOR BEXAR COUNTY AND CITY OF SAN ANTONIO
TAX PHASE-IN GUIDELINES FOR BEXAR COUNTY AND CITY OF SAN ANTONIO Effective June 15, 2006 through June 14, 2008 BEXAR COUNTY CITY OF SAN ANTONIO Economic Development Department Economic Development Department
More information- Program Funds Available - Schedule - Application Materials
1 1) Welcome 2) What s New? 3) General Overview: - Program Funds Available - Schedule - Application Materials www.nyshcr.org 2 4) UF Review Process 5) Early Awards 6) UF 2012 Funding Initiatives 7) M/WBE
More informationIncentives 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 informationHousing and Economic Development Proposed Business Incubator for James E. Guinn Campus (Third Building)
Housing and Economic Development Proposed Business Incubator for James E. Guinn Campus (Third Building) April 2, 2013 Presentation Purpose Obtain the Housing and Economic Development Committee s endorsement
More informationBALBOA RESERVOIR PROJECT Recap: Project History & January CAC Meeting
BALBOA RESERVOIR PROJECT Recap: Project History & January CAC Meeting Balboa Reservoir Community Advisory Committee OVERVIEW 1. Project History & Next Steps 2. Recap of January CAC Meeting (Topic: Housing)
More informationEast Harlem Commercial Opportunity RFP
East Harlem Commercial Opportunity RFP Site Description 2321-2325 3rd Avenue (MN Block 1791 Lot 46) Convenient access via subway, Metro North, bus, and highway Located in a fast growing neighborhood Component
More informationGovernors Pkwy & Rte 157, Edwardsville IL 62025
For Sale New Retail Development Governors Pkwy & Rte 157, Edwardsville IL 62025 For More Information: 1 314 994 4081 psheahan@naidesco.com 314 994 4944 mmiller@naidesco.com The information contained herein
More informationCity 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 informationTransforming Hamilton s Waterfront. Presented By: Chris Phillips
Transforming Hamilton s Waterfront Presented By: Chris Phillips Hamilton By the Numbers Current and Projected Population 2015 520,000 2031 660,000 10 th largest in Canada 5 th in Ontario Hamilton by the
More informationCity of Niagara Falls May Niagara Street. Informational Brochure
324 Niagara Street Informational Brochure The City of Niagara Falls is seeking competitive development proposals for the building at 324 Niagara Street, Niagara Falls, NY 14303 Invitation from the Mayor
More informationCity of Joplin Capital Plan Presentation
Working Draft City of Joplin Capital Plan Presentation June 11, 2015 Working Draft Agenda Overview of HUD CDBG-DR program and key parameters Capital Planning Process Project Overview Outputs from the Capital
More informationMassWorks 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 informationWelcome, 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 informationTAX ABATEMENT FOR INDUSTRIAL REAL AND PERSONAL PROPERTY, OWNED OR LEASED CITY OF WACO GUIDELINES AND POLICY STATEMENT
TAX ABATEMENT FOR INDUSTRIAL REAL AND PERSONAL PROPERTY, OWNED OR LEASED I. GENERAL PURPOSE AND OBJECTIVES CITY OF WACO GUIDELINES AND POLICY STATEMENT Certain types of business investment which result
More informationRural Grants Program (
Created 2013 Rural Grants Program (http://www.nccommerce.com/rd/rural-grants-programs) Statutory Authority G.S. 143B-472.126 to 472.128 Purpose Seeks to stimulate the creation of new, full-time jobs by
More informationLeague 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 information2016 Community Development Block Grant (CDBG) General Information
Housing & Community Development Services 1690 W. Littleton Blvd. Suite 300 Littleton, CO 80120 (303) 738-8040 2016 Community Development Block Grant (CDBG) General Information The Community Development
More informationREDEVELOPING BROWNFIELDS IN KANSAS CITY
REDEVELOPING BROWNFIELDS IN KANSAS CITY A GENERAL OVERVIEW JUNE 26, 2018 Presented by Andrew Bracker Brownfields Coordinator City of Kansas City, Missouri Overview Program Summary Case Studies Incentives
More informationCITY OF WACO GUIDELINES AND POLICY STATEMENT TAX ABATEMENT FOR REAL AND PERSONAL PROPERTY
CITY OF WACO GUIDELINES AND POLICY STATEMENT TAX ABATEMENT FOR REAL AND PERSONAL PROPERTY I. GENERAL PURPOSE AND OBJECTIVES Certain types of business investment which result in the creation of new jobs,
More informationCITY 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 informationThe 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 informationHEMPSTEAD LIVABLE CENTERS STUDY VALUES WORKSHOP
HEMPSTEAD LIVABLE CENTERS STUDY VALUES WORKSHOP PARTNERS AGENDA Project Background Purpose of Livable Centers Study Approach and Process Expectations Review Goals for Livable Centers Study Opportunity
More informationTARGETED BUSINESS PROGRAM
Attachment #B Page 1 of 21 TARGETED BUSINESS PROGRAM In the Corporate Limits of the City of Tallahassee Adopted: October 10, 2001 (City) November 27, 2001 (County) Revised: October 14, 2015 (City) September
More informationFUNDING SOURCES. Appendix I. Funding Sources
Appendix I. Funding Sources FUNDING SOURCES planning and related efforts can be funded through a variety of local, state, and federal sources. However, these revenues have many guidelines in terms of how
More informationRoanoke Regional Chamber of Commerce 2012 Legislative Policies
Roanoke Regional Chamber of Commerce 2012 Legislative Policies The Roanoke Regional Chamber works on behalf of its members to create a thriving business climate, strengthen private enterprise, and improve
More informationEconomic Development Incentive Policy
Economic Development Incentive Policy Section I. Purpose: This policy establishes general procedures and requirements to govern the fair, effective and judicious use of incentives by the City in order
More information- Program Funds Available - Schedule - Application Materials
1 1) Welcome 2) What s New? 3) General Overview: - Program Funds Available - Schedule - Application Materials www.nyshcr.org 2 4) UF Review Process 5) Early Awards 6) UF 2011 Funding Initiatives 7) M/WBE
More informationREQUEST 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 informationDirector s Office/ Operations Group. Convention & Visitors Service
Victor Hoskins, Director 1100 NORTH GLEBE RD., SUITE 1500, ARLINGTON, VA 22201 703-228-0808 aed@arlingtonva.us Our Mission: To continue to develop Arlington County as an economically vital, competitive,
More information2011 Community Revitalization Programs
2011 Community Revitalization Programs Nicholas Sekmistrz Community Assistance Team Michigan Economic Development Corporation www.michiganadvantage.org/cat 2011 Brownfield Program Act 381 Work Plans (TIF)
More informationHOW 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 informationThe Arts and Economic Development Paducah Artist Relocation Program
The Arts and Economic Development Paducah Artist Relocation Program Lower Town Area August 2000 Lower Town Existing Conditions August, 2000 The Lower Town neighborhood has been in decline since the 1940
More informationIncentives 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 informationCOMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) (Technical Assistance Program)
COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) (Technical Assistance Program) Objective: Provides technical assistance to recipients of CDBG program funds. Administering Agency:, and Development NYS Object Code:
More information2016 ANNUAL PROGRAM & INCENTIVES PERFORMANCE REPORT
2016 ANNUAL PROGRAM & INCENTIVES PERFORMANCE REPORT 617 N 3RD ST, BATON ROUGE, LA 70802 800.450.8115 OPPORTUNITYLOUISIANA.COM Introduction Included below is an annual overview of each business incentive
More informationCity of Miami. City Hall 3500 Pan American Drive Miami, FL Meeting Agenda. Monday, July 30, :00 PM
City of Miami City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Meeting Agenda Monday, July 30, 2012 5:00 PM FREDERICK DOUGLASS ELEMENTARY SCHOOL 314 NW 12TH STREET SEOPW Community Redevelopment
More informationMinnesota Statewide Quality Reporting and Measurement System:
This document is made available electronically by the Minnesota Legislative Reference Library as part of an ongoing digital archiving project. http://www.leg.state.mn.us/lrl/lrl.asp Minnesota Statewide
More informationEconomic 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 informationTHE STATE OF THE MILITARY
THE STATE OF THE MILITARY What impact has military downsizing had on Hampton Roads? From the sprawling Naval Station Norfolk, home port of the Atlantic Fleet, to Fort Eustis, the Peninsula s largest military
More informationStakeholders and Money. Donna Ann Harris, Heritage Consulting Inc. & Diane C. Williams, Business Districts Inc.
Stakeholders and Money Donna Ann Harris, Heritage Consulting Inc. & Diane C. Williams, Business Districts Inc. Introduction Brief overview of Main Street Four Point Approach Integration of NYMS Housing
More informationLogan Square Corridor Development Initiative Final Report Appendix
Logan Square Corridor Development Initiative Final Report Appendix Appendix A: All development proposals Appendix B: Keypad and online polling Appendix C: Financial analysis assumptions Page 2 Page 11
More informationGreater Richmond. Relocation Council. April 12, 2016
Greater Richmond Relocation Council April 12, 2016 Economic Development Organizations State Virginia Economic Development Partnership Region Greater Richmond Partnership Local City of Richmond Dept. of
More informationNew York State COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM. Economic Development & Small Business Assistance PROGRAM GUIDELINES
New York State COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM Economic Development & Small Business Assistance PROGRAM GUIDELINES OFFICE OF COMMUNITY RENEWAL ANDREW M. CUOMO, GOVERNOR RUTHANNE VISNAUSKAS, COMMISSIONER
More informationFinancing the Future of Water Systems
May 17, 2016 Financing the Future of Water Systems Seth Robertson, PE Overview Background Infrastructure needs Funding availability Summary of funding provided by Division of Water Infrastructure programs
More informationFlorida 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 informationStatus of Convention Center Hotel Project. Briefing to the Economic Development Committee August 15, 2008
Status of Convention Center Hotel Project Briefing to the Economic Development Committee August 15, 2008 Purpose 2 Bring Committee up to date on negotiations with Matthews Southwest (MSW) Update Good Faith
More informationREPORT OF THE CHIEF LEGISLATIVE ANALYST
REPORT OF THE CHIEF LEGISLATIVE ANALYST DATE: December 8, 2017 TO: Honorable Members of the City Council FROM: Sharon M. Tso Chief Legislative Analyst Council File No: Assignment No: 14-0425-S4 17-12-1126
More informationSUMMARY OF ELIGIBLE AND INELIGIBLE COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM ACTIVITIES
ATTACHMENT D-1 SUMMARY OF ELIGIBLE AND INELIGIBLE COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM ACTIVITIES This is a summary of the activities that are eligible and ineligible for assistance under the Community
More informationRACINE 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 informationEconomic 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 informationENTERPRISE ROSE ARCHITECTURAL FELLOWSHIP ITHACA NEIGHBORHOOD HOUSING SERVICES, ITHACA, NY
ENTERPRISE ROSE ARCHITECTURAL FELLOWSHIP ITHACA NEIGHBORHOOD HOUSING SERVICES, ITHACA, NY Opportunity for a two-year fellowship beginning in January 2019 JUL. 15, 2018 SEP. 2018 NOV. 2018 JAN. 01, 2019
More informationCity of Los Angeles, Consolidated Annual Performance and Evaluation Report, Program
SECTION IX LEVERAGING OF RESOURCES This section provides an overview of leveraging of Consolidated Plan funds from the perspective of overall city activities. Earlier in the CAPER report, individual leveraging
More informationA Special Thanks to our Community Development Advisory Committee Members:
Application Process This document explains the application process for the City of Denton's Community Development Block Grant (CDBG) and Home Investment Partnerships Program (HOME) funding. The primary
More informationEconomic 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 informationRequest for Proposals (RFP) for Planning Consultant Services Africa Town Neighborhood Revitalization Plan. Bid#NRP2015-1
Request for Proposals (RFP) for Planning Consultant Services Africa Town Neighborhood Revitalization Plan Section 1 Introduction and Project Overview The City of Mobile, Alabama s Community and Housing
More informationDepartment of Planning and Development Budget Statement Acting Commissioner David L. Reifman
Department of Planning and Development 2016 Budget Statement Acting Commissioner David L. Reifman Good afternoon Chairman Austin, Vice Chairman Ervin and honorable members of the City Council. Thank you
More informationNew York Main Street Program & New York Main Street Technical Assistance RESOURCE GUIDE
ANDREW M. CUOMO GOVERNOR DARRYL C. TOWNS COMMISSIONER/CEO New York Main Street Program & New York Main Street Technical Assistance RESOURCE GUIDE For more information about the New York Main Street (NYMS)
More informationSTATEWIDE STRATEGIC PLAN FOR ECONOMIC DEVELOPMENT: RURAL PRIORITY
STATEWIDE STRATEGIC PLAN FOR ECONOMIC DEVELOPMENT: RURAL PRIORITY 2006 2008 Strategic Plan of Work Enterprise Florida, Inc. 390 North Orange Avenue, Suite 1300 Orlando, Florida 32801 eflorida.com Background
More informationSECTION I Applicant/Project Information
FINANCIAL ASSISTANCE APPLICATION For use with projects requesting general City assistance (For projects requesting CRA property tax abatements and Income Tax Incentives, do not use this application) SECTION
More informationEmpire 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 informationNON-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 information168 th Street Redevelopment RFP. Information Session March 12, 2015
168 th Street Redevelopment RFP Information Session March 12, 2015 Agenda Introduction Project Overview Project Goals Site Description Jamaica Context & District Proposal Elements Economic and Workforce
More informationRequest 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 informationRenewable Energy Tax Incentives Program
Renewable Energy Tax Incentives Program Calendar Year 2016 Annual Report Prepared by the: Table of Contents Incentive Overview... 3 Reporting Requirements... 4 Calendar Year 2016 Program Activity... 4
More informationComparison of Drinking Water State Revolving Fund (DWSRF) Programs and other Federal Assistance to Disadvantaged Communities in EPA Region 4
Comparison of Drinking Water State Revolving Fund (DWSRF) Programs and other Federal to Disadvantaged Communities in EPA Region 4 By Chris Heaney Chris Heaney is a graduate assistant who has worked with
More informationCITY OF WACO GUIDELINES AND POLICY STATEMENT TAX ABATEMENT FOR REAL AND PERSONAL PROPERTY
CITY OF WACO GUIDELINES AND POLICY STATEMENT TAX ABATEMENT FOR REAL AND PERSONAL PROPERTY I. GENERAL PURPOSE AND OBJECTIVES Certain types of business investment which result in the creation of new jobs,
More informationOFFICE OF THE CITY ADMINISTRATIVE OFFICER
REPORT FROM OFFICE OF THE CITY ADMINISTRATIVE OFFICER Date: February 25, 201 1 GAO File No. 0220-00540-0930 Council File No. 11-0223 Council District: 6, 7,8,9, 15 To: From: Reference: Subject: The Mayor
More informationLayering Financial Incentives Lowering the Bottom Line. 15th FBA Annual Conference October 28, 2012
Layering Financial Incentives Lowering the Bottom Line 15th FBA Annual Conference October 28, 2012 Presentation Overview Florida Brownfields Program Brownfields Redevelopment Act Economic Incentives Other
More informationFiscal Year 2018 COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM Application for Funding
Fiscal Year 2018 COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM Application for Funding Project category: (check one only) Agency Title Public Service Economic Development Capital Improvement Project (CIP)
More informationREAL 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 informationFORT WORTH HOUSING SOLUTIONS DEVELOPMENT OPPORTUNITY BUTLER PLACE APARTMENTS REQUEST FOR QUALIFICATIONS
FORT WORTH HOUSING SOLUTIONS DEVELOPMENT OPPORTUNITY BUTLER PLACE APARTMENTS REQUEST FOR QUALIFICATIONS Release Date: August 9, 2016 Submission Date: November 30, 2016 1 P a g e RFQ for Master Developer
More informationNewport News Business and Commercial Property Incentive Summary
Newport News Business and Commercial Property Incentive Summary Overview Newport News offers a number of incentives to assist businesses and commercial property owners investing in Newport News. The variety
More informationFY2016 City Funding Application
Sustainable Housing Matters October 2014 www.nrha.us Summary Each year NRHA receives various sources of funding from the City of Norfolk to implement its programs. Funding is provided by the City of Norfolk
More informationColumbus-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 informationNORTH CENTRAL TEXAS COUNCIL OF GOVERNMENTS METROPOLITAN PLANNING ORGANIZATION REQUEST FOR PROPOSALS
NORTH CENTRAL TEXAS COUNCIL OF GOVERNMENTS METROPOLITAN PLANNING ORGANIZATION REQUEST FOR PROPOSALS CITY OF CEDAR HILL CITY CENTER TRANSIT-ORIENTED DEVELOPMENT PLAN August 19, 2011 REQUEST FOR PROPOSALS
More informationRiverdale 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 informationCity of Poughkeepsie Main Street Program 2010
Public Information Session September 14, 2011 What is New York Main Street? A program of NYS Homes and Community Renewal $15 million dollars in grants awarded to assist 38 communities in their downtown
More informationCity of Coeur d Alene Community Development Block Grant 2017 Community Opportunity Grant Application Guidelines
City of Coeur d Alene Community Development Block Grant 2017 Community Opportunity Grant Application Guidelines Dear Interested Applicant: The City of Coeur d Alene is currently accepting applications
More informationFINANCIAL 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 information634 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 information2. Nature and Reasons For Any Changes In Program Objectives and Indicate How the County Would Change Its Programs As A Result Of Its Experiences
SECTION V: PROGRAM'S PERFORMANCE A. Community Development Block Grant Performance 1. Assessment Of Relationship Of the Use Of CDBG Funds To the Priorities, Needs, Goals, and Objectives Identified In the
More informationFUNDING OPPORTUNITIES
FUNDING OPPORTUNITIES TRANSPORTATION PROJECTS CDBG Allocation (formerly formula) Program CDBG Competitive Program Critical Infrastructure (high-priority, single component infrastructure improvement) TMACOG
More informationThe Changing Landscape of Brownfield Cleanup and Redevelopment Strategies in New York State
The Changing Landscape of Brownfield Cleanup and Redevelopment Strategies in New York State Mark Gregor Manager of Municipal Environmental Programs LaBella Associates Overview 1. Strategies/Funding for
More informationTeam DCG Corplan. February 21, DCG Corplan Consulting LLC Norman E. Taylor & Associates, LLC D H & Associates Consulting, LLC
North Fort Myers Market Based Assessment Phase One #CN160044 Final Report tp Presentation ti Team DCG Corplan February 21, 2017 DCG Corplan Consulting LLC Norman E. Taylor & Associates, LLC D H & Associates
More informationConsolidated Grant Process
2018-2019 Consolidated Grant Process Funding Preparation Information and Steps City of McKinney Pre-Application Meeting March 22, 2018 City Council Chambers City of McKinney Unique by Nature. McKinney
More informationEconomic 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 informationThinking 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 informationPLANNING DEPARTMENT ADMINISTRATION
PLANNING DEPARTMENT ADMINISTRATION Support Division Planning & Community Zoning Administration Review & Compliance Land Use & Design Rezoning & Permitting Plan Review Community LDO Management Zoning &
More informationGuidelines for the Major Eligible Employer Grant Program
Guidelines for the Major Eligible Employer Grant Program Purpose: The Major Eligible Employer Grant Program ( MEE ) is used to encourage major basic employers to invest in Virginia and to provide a significant
More informationNC General Statutes - Chapter 136 Article 19 1
Article 19. Congestion Relief and Intermodal 21 st Century Transportation Fund. 136-250. Congestion Relief and Intermodal Transportation 21 st Century Fund. There is established in the State treasury the
More information137 Centre Street Assemblage RFP Information Session March 12, 2015
137 Centre Street Assemblage RFP Information Session March 12, 2015 NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION Agenda Site Description Existing Condition Project Elements RFP Procedures & Deadlines
More informationLitchfield Hillsborough County, New Hampshire
Litchfield Hillsborough County, New Hampshire Transportation Access/Directions: The town of Litchfield is located 11 miles south of Manchester and 50 miles north of Boston. Litchfield is accessible by
More informationREQUEST FOR PROPOSALS for Neighborhood Advisory Committee Program Funding
REQUEST FOR PROPOSALS for Neighborhood Advisory Committee Program Funding The City of Philadelphia s Office of Housing and Community Development (OHCD) is soliciting proposals for the Neighborhood Advisory
More informationThe Santa Monica Civic Auditorium and Site Opportunity. Santa Monica Community Workshop #3 June 13, 2015
The Santa Monica Civic Auditorium and Site Opportunity Santa Monica Community Workshop #3 June 13, 2015 The District s development could be undertaken in one of two major ways. District Development City
More information