ECONOMIC DEVELOPMENT ACTION PLAN 1
Delaware County 2
Growth of Delaware County Population Growth 1990 = 50,000 2016 = 193,013 2035 = 300,000 2040 = 350,000 3
American Economic Success Story Economic Comparison of Ohio s Ex-Urban Counties County Population Median Family Income Home Ownership Rate Bachelor Degree Mean Commute Time Poverty Rate Wood 129,730 $51,258 67.1% 30.8% 20 minutes 13.5% Medina 176,395 $66,296 79.1% 29.9% 27 minutes 7% Warren 224,496 $73,177 77.3% 38.7% 24.6 minutes 5.8% Butler 376,353 $56,958 69.9% 28.1% 23.8 minutes 14.4% Delaware 193,013 $91,936 81.6% 51.1% 25.7 minutes 4.8% 4
Value of High-Wage Jobs Olentangy Schools Dublin Schools Westerville Schools New Albany Lakota Schools (Butler County) Southwestern Schools (Franklin County) Northwest Local (Hamilton County) Total Assessed Value $3,232,700,030 $2,914,821,560 $2,319,980,730 $849,472,320 $2,469,690,500 $2,324,059,180 $1,431,543,850 Principal Commercial Taxpayers Value $103,763,450 $191,447,930 $101,784,020 $100,773,700 $149,498,510 $237,683,010 $93,689,480 Commercial Percentage of Total Value 3.21% 6.57% 4.39% 11.86% 6.05% 10.23% 6.54% 5
Delaware County Three Areas 6
Growth of Delaware County Growth Areas U.S. 36/37 Corridor East of City of Delaware to I-71 I-71 Corridor Polaris area to 36/37 Corridor South U.S. 23 Corridor South of City of Delaware to City of Columbus North U.S. 23 Corridor North of City of Delaware Sawmill Parkway South of City of Delaware to City of Powell U.S. 42 Corridor West of City of Delaware to Union County 7
Goal & Benchmarks Goals of the Economic Development Action Plan To enhance the quality of life within the County To create new revenue sources to provide for the needs of County residents Benchmarks of the Economic Development Action Plan Create 56,000 net new jobs, focus on high-wage jobs Increase median family income to $115,000, through the attraction of high wage jobs Facilitate $500,000,000 in infrastructure development 8
Delaware County Economic Challenges Commute/Traffic Times Water, Sewer & Fiber Infrastructure Development Process 9
Recommendations Economic Development Area Action Step County Region Served Infrastructure Site Development Tax Policy & Development Process Develop and implement public-private agreements that will result in at least $500,000,000 in infrastructure investment over the next 13 years Implement public-private agreements that will incentivize the development of at least five industrial and office sites to create more high-wage advanced manufacturing and advanced service jobs Streamline tax incentives and development processes with local jurisdictions, the county and school districts to promote more high-wage jobs and commercial development All of Delaware County I-71 Corridor, 23 Corridor and 36/37 Corridor Southern and Central Delaware County 10
INFRASTRUCTURE Transportation Improvement District Work with the County Engineer to determine if this is mechanism that could help facilitate transportation improvements within the County First Action - Engage the County Engineer on an internal committee to determine the benefits and feasibility of establishing a TID Sanitary Sewer Strategic Plan Actively engage in public-private partnerships that will help address the capital projects that are highlighted in the Strategic Plan First Action Review and approve the economic development tools that will be used to assist these capital projects Fiber Optic/5G Strategic Plan Actively engage in public-private partnerships that will facilitate the placement of additional Fiber in the City and position the County to meet the 5G demands of the future First Action Engage the public and private sector to establish a committee that can focus on the steps needed to facilitate additional fiber development and establishing policies that will promote a 5G environment 11
Site Development Incentivize Office Site Developments Actively engage property owners and developers to identify sites, structure partnerships related to those sites and then position those sites for commercial development First Action Work with the Finance Authority to identify sites within Delaware County that could be pursued for commercial development Incentivize Industrial Site Developments Actively engage property owners and developers to identify sites, structure partnerships related to those sites and then position those sites for commercial development First Action Work with the Finance Authority to identify sites within Delaware County that could be pursued for commercial development Establish Last Mile policies regarding utilities Actively engage utility providers, public entities and private partners to explore how Last Mile issues can be tackled First Action What role can a revolving loan fund play in supporting these specific options, Smart Works in Franklin County could be a good example 12
Development Process and Tax Incentive Policy Enhancements Enhance the Development Process in Delaware County Actively engage jurisdictional and County partners to enhance this process First Action Engage our public partners to establish a committee that can focus on the steps needed to enhance the development process in the County Streamline Zoning/Land Use Policy in the County Actively engage jurisdictional and County partners to enhance these policies First Action Engage our public partners to establish a committee that can focus on the steps needed to enhance these policies in the County Establish Tax Incentive Policies that will encourage commercial development Actively engage jurisdictional, School Districts and County partners to enhance these policies First Action Engage the school districts to establish a committee that can focus on the steps needed to enhance these policies in the County 13
Marketing Marketing efforts are a critical component of a successful economic development plan The County is in the process of identifying a new brand Partnerships need to be formed Revenue needs to be secured Targeted audiences need to be identified, both internal and external Action steps need to be created 14
Additional Actions Workforce Development Work with partners and key stakeholders to determine how the County can assist the leaders in this area Entrepreneurism Research best practices in this area and work with stakeholders to determine how the County can facilitate a better entrepreneurial atmosphere Business Retention & Expansion Continue to work with our jurisdictional partners to engage their business community and make sure that we are addressing red flag issues in the community 15
Comments & Questions Bob Lamb Economic Development Director Delaware County, Ohio blamb@co.delaware.oh.us 614.614.1020 8/8/16 16