City

How are economic development efforts structured?  Decision making/reporting structure

Funding

ED Tools Used

Policies on Economic Development

Philosophy on Economic Development

Other

Ames, Iowa

Ames Economic Development Coalition organizes ED efforts.  There is also Ames Seed Capital, LLC. 

AEDC is working on a five year plan to accelerate ED activities through private sector fund raising.  The City allocates hotel/motel tax funds as follows:$90K/year for AEDC projects requiring Council approval and $70K for staff time on ED projects; City also has $800K in loan fund for ED projects (no new money)

Ames offers tax abatements on a declining scale.  Additionally, Ames has several matching loan funds and seed capital funds.

 

The AEDC is becoming more aggressive as evidenced by fundraising efforts.  Active in bioscience activities, including recruitment trip to Europe.

Ames has a downtown revitalization program focusing on assisting business owners with facade improvements

Austin, Texas

ED branch of city includes: emerging tech and international trade.

City also participates in funding Greater Austin Chamber of Commerce (GACC) who coordinates ED for the 5 local governments in the area.

GACC budget FY2007 $1.5 million.  Also raised $14 million in 2004 from 280 private firms. 

City of Austin provides $350K per year funded through Austin Energy Utility.

State “Deal Closing Fund – offers up to $10K per new job.

State 512 program  -- offers refund or grant back to businesses at 30-60% of taxes paid -jobs

City ED policy and incentive policy

Focus is on jobs creation and retention in the high tech area.  Also some emphasis on international trade (delegations and exporting)

ED funding is public/private partnership with all agencies participating.

Boulder, Colorado

Boulder has struggled with the structure of its ED efforts.  Contract with Chamber for retention and attraction (more focus on retention.)  City has two positions: Redevelopment director (works on difficult to redevelop parcels w/ multiple owners) and business liaison (retention/expansion; issues with planning permits). 

$30,000 annually to Chamber for BRE; $50,000 annually to incubator and technology transfer center partnership with CU.

TIF has NOT been successful, try to steer clear; tax rebates.

(Entire budget for rebates is $800,000.)

 

ED in Boulder is basically spending time as liaison to business community and coordinating planning efforts.

 

Most successful ED has been offering rec passes at residential rate to businesses – capitalizing on quality of life issues.

College Station, Texas

ED  is in-house w/ partnerships Research Valley Partnership (RVP), Chamber and Bryan Business Council

ED –department receives funding from General Fund, ED Fund, Hotel Tax, Wolf Pen Creek TIF Fund, Business Park Fund, Hotel/Convention Center Fund.  FY 2008 budget $2 million

(Enterprise Funds support ED funding totaling $550,059)

Tax Abatement, Industrial Foundation, Reinvestment Zones, Freeport Exemption, TIF

 

Abatement ,fee waivers and fast tracking are most often used

Developing 5 -year strategic plan

 

RVP – ED Guidelines

Focus on recruitment and retention of retail development

 


 

Columbia, Missouri

Joint effort between the City, County and  Regional Economic Development, Inc. (REDI)

City/County/University and Private sector provided $471K FY2007

of which $291K is from the City.

City fund is GF.  Class B Investors provided $117K

Chapter 100 Revenue Bond

TDD

TIF being considered

Revenue Bond policy

REDI focuses on retention, attraction and assisting start-ups out of the U of M research.

 

Lenexa, Kansas

The City works closely with the Chamber of Commerce/Lenexa Economic Development Council. Chamber is recruiting entity and first point of contact for potential businesses.  At the appropriate time in the process, the Chamber contacts the Mayor or CA office for input.  Chamber is actively involved when ED policies are amended. 

City funds Chamber/LEDC through transient guest tax receipts. 

TIF, TDD, IRBs are all used. SBD’s for minimum infrastructure requirements.

 

The City has one NRD and has established a grant and low interest loan incentive program that works in tandem with the NRD. 

 

TIF Policy and Procedures

TDD Policy and draft Procedures

Private Activity Bonds Policy

 

To be competitive with neighboring communities; To retain business as they look to expand; To recruit and retain businesses that are a benefit to the community as a whole.

 

 


 

Lincoln, Nebraska

The Lincoln Economic Development Corporation heads up ED efforts.  City contracts with the agency.

City contributes up to $600,000 on a dollar for dollar match with private sector; so $600,000 from City and $600,000 from private sector annually

Nebraska law prohibits cities from directly providing cash for economic development except for TIF.  Therefore, there are two major incentives, a private fund and TIF, which is provided by the City. 

 

 

 

City provides redevelopment assistance program that enables revitalization of older commercial centers, also façade program.  They have a Downtown Lincoln recruitment packet.

Lubbock, Texas

Lubbock Economic Development Alliance 501c4 corp. The five member board is appointed by the City Council

City provided $6,435,160  FY2006

1/8 cent ED sales tax and 3 cent property tax.

No information located – Lubbock staff has not replied to request for info.

2006 LEDA Annual Report and

 Strategic Economic Development Plan

LEDA focuses on Job creation and investment

 

Manhattan, Kansas

City, Chamber and University work as a close team

City contracts with Chamber

$125,000 annually to Chamber; $2 million per year is raised from special ½ cent sales tax for economic development.  There is also a significant private sector funding element generating over $2 million for economic development through a Chamber “Advantage Manhattan” program.

TIF, TDD, tax abatement, IRBs are all used.  Exploring use of neighborhood revitalization act.

IRB, tax abatement and economic development process and procedures adopted by Commission

Recruitment and retention are both important, as well as “grow your own” through local incubators and university spin-offs.

Strong partnership with Kansas State University.

Has a downtown business improvement district.  Downtown redevelopment currently underway north and south of downtown mall. 

Norman, Oklahoma

The Norman Economic Development Council coordinates efforts between City, Chamber, University and private sector members.

$100,000 each from major entities annually and there is a program that collects $1000 from private sector “Centurians”.  In return, the group receives regular updates about economic development.

The NEDC budget is around $500,000 annually and they make money from business park development.

The City does not offer any direct incentives for economic development.  However, TIF has been used for several development projects.

The NEDC has created opportunities with the university.  They have an incubator and university research park.

NEDC holds an annual economic development summit and holds quarterly meetings to keep stakeholders abreast of ED issues.

Olathe, Kansas

Olathe Chamber of Commerce Economic Development Council (EDC) handles all new business recruiting and existing business retention and expansion activities; City monitors incentive projects, negotiates redevelopment agreements with developers, and develops incentive policies at the direction of City Council and with input from the EDC.

 

Approximately $916,000 for 2008 ($326,000 for convention & visitor’s bureau activities and $590,000 for EDC activities)

City funds the Economic Development Council through 6% transient guest tax, all of which is used for ED purposes.   Private donations for EDC also among the strongest in the KC metro area.

 

Benefit Districts, IRB, TIF, TDD, STAR bonds

The City has established policies related to benefit districts, IRB/Tax abatement, TIF, and TDD.  These policies are typically reviewed on an annual basis.  The City has recently updated its  benefit district, IRB, and TIF policies and adopted its TDD policy earlier this year. 

Olathe strives to have diversity in its commercial tax base and to have its total property tax base be 70% residential to 30% commercial.  Olathe attempts to attract businesses which create a high number of quality jobs, and attracts industries which can take advantage of existing transportation infrastructure.  Olathe uses its ED  tools to enable the development of projects which will expand existing tax base, provide new jobs, and create new retail opportunities for residents.

The City monitors the increases in valuation and property and sales tax revenue directly attributable to new development.  The City monitors tax collections in TIF and TDD projects on a quarterly basis

and reports this information on a quarterly basis in its financial and economic development reports to the City Council. 

Overland Park, Kansas

The City contracts with the Overland Park Economic Development Council, under the umbrella of the Chamber

$298,700 for 2007 provided to OPEDC from the City.  OPEDC raised remaining ¼ budget from private sector

City has used tax abatement, IRBs and TDD

City has policies on these tools, except for TIF

They have become more active in using incentives over the past decade or so. 

They provide some funding for downtown in the form of a grant. 

Salina, Kansas

The City contracts with the Chamber

$371K FY2008 of which $206K is from the city.

GF and

Incentive Fund -special ED sales tax 12.5% of ¼ cent tax.

Saline Economic Development Incentive Fund (bal $600K in place for 2 ½ years)

Abatement

TIF

Incentive Fund Policy

Focus on primary jobs and industrial businesses

 

 

Airport Authority participates in ED.

 

Shawnee, Kansas

The City contracts with the Shawnee Economic Development Council.  SEDC gets city funding plus about $40 K in private funding.

$269,586 for 2007, most of which goes to the SEDC.  The budget is increasing for 2008.

IRB and tax abatement used regularly.  They have one request for TDD and several proposals for TIF

The City has an IRB/tax abatement policy and TIF policy.  They are working on TDD policy.

Their economic development efforts and the budget for ED is increasing.

They have a very formalized downtown incentive program (grants, NRA, loans) and a Council-appointed group, Shawnee Downtown Partnership is very successful.

Stillwater, Oklahoma

Chamber has lead role. Reports to Board of Directors.  Chamber has contract w/ City.

$520K of which 120K is from City.

Sales Tax

State tax abatement, TIF and Forward Stillwater (jobs incentive payments)

5 year Economic Development Strategy (EDS)

Create an entrepreneurial climate in the region.  City and Chamber along w/ Stillwater Area Economic Partnership

EDS goal of $2.2 million – began in 2003.

Topeka, Kansas

Joint Economic Development Organization (JEDO) makes decisions regarding use of ED funds; Go Topeka administrates it

Special county-wide ½ cent sales dedicated for economic development will generate $100 M in 12 years

TIF, tax abatement, starting on one TDD, Neighborhood Revitalization (includes downtown)

JEDO has guidelines for use of funds

Topeka is positioning itself to be an ED leader in the Midwest given its dedicated funding

 

Unified Government, Kansas

City does have ED Department.  City has been very active in creating ED through STAR bonds, TIF.  There is also a Wyandotte County, Inc. that focuses on industrial development

Approximately $500,000 annually to ED Department.  No other general fund money for Economic development- philosophy is that ED project funds itself.

TIF, STAR bond, tax abatement

 

UG has been very proactive in past few years, particularly on retail development associated with the Kansas Speedway and Village West.

They use NRA for both residential and commercial revitalization

Waco, Texas

Joint effort between Chamber and City. City has ED division in City Manager’s Office.  City coordinates incentives and contracts  with business while the chamber develops relationships and recruits businesses

City ED division $3 million.

City provides $250K to Chambers (Central Texas Hispanic, Central Texas Chamber,  Black Chamber and Greater Waco Chamber)

 

 

Brownfield Redevelopment, Fee Waiver, Business Resources Center Revolving Loan Fund, Tax Abatement, Foreign Trade Zone, Tax Exempt Bond Financing, and Industrial Business Grant

Tax abatement policy, TIF Guidelines, Waco/McLennan County ED Corp. program Guidelines; Airport Redevelopment Plan

Focus is on job creation and expanding the tax base.  Chamber provides monthly report on progress to the City.

Public Improvement District --10 cents per $100 valuation of property to provide a variety of services that increase the value and appeal of properties downtown.

 

Wichita, Kansas

City has in-house ED staff.  Also, there is a Greater Wichita Economic Development Coalition.

Approx. $3 M annually, which includes $1 M for incentives annually, which Sedgwick County also provides

Tax abatement, TIF.  City exploring other tools now that the arena sales tax is expiring.

 

The community is proactive with ED opportunities.  A group consisting of Chamber, Cities, County and CVB meet weekly.

Wichita used TIF for Old Town redevelopment project, along with parking district