Economic Development

Economic Development | Introduction
Focus of our recommendations:
New jobs and career advancement
Casino as an economic development catalyst
Making use of taxes generated from the casino

Economic Development | Jobs & Advancement
Goals
Commitment to hiring local from the casino operator
Positively impacting unemployment rate; locally, regionally
Steps
Local hiring goals for Design & Construction jobs: 90% from the seven county region
Local hiring goals for Permanent Casino jobs:
At least 50% from Cleveland
At least 70% from seven county region
At least 90% from 16 county area
As an example, in East St. Louis (St. Clair, IL), 80% of the employment came from the home county
Develop job training & career ladder programs for employees

Economic Development | ED as a Catalyst
Goals
Augment & enhance entertainment options for residents and tourists
Recapture wandering entertainment dollars, specifically gaming revenue
Create positive spillover effects for the adjacent downtown business community & districts (Historic Warehouse District, Historic Gateway Neighborhood, Playhouse Square, Convention Center/Medical Mart)
Steps
Shared parking strategies that provide for essential parking at the casino with additional parking options throughout downtown
Extend the trolley and/or bus service to improve the connection between the downtown districts
“Players Card” that includes incentives at businesses, venues and retail outside of the casino as perks
Encouraging a Cleveland flavor in restaurants and retail inside the casino
Commit to local sourcing (food, supplies, etc.)

Economic Development | Using Tax Revenue
Goals
Use the tax revenue to fund economic development strategies and job growth
Steps
Use Cleveland’s share of the tax on gross casino revenue for:
Workforce development
Augment Cleveland Police Department and Downtown Cleveland Alliance safety forces
Use a potential tax increment financing (TIF) strategy for:
Infrastructure to support and augment the casino
Implement urban connectivity projects such as enhanced trolley system
Undertake quality of life projects such as improvements to Public Square and Canal Basin Park
Projects that support recommendations from the other Cleveland Coalition Crooked River Gaming workgroups

Economic Development

by ClevelandCoalition on May 24, 2010

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Economic Development — Presentation Transcript

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