6. Flow Chart for Funding Pellissippi Place Blount County City of Alcoa City of Maryville Knox County Blount Economic Development Board Incentives to Prospects Purchase property Make infrastructure improvements
7. Flow Chart of Tax Monies Blount County property taxes Blount Economic Development Board Knox County 25% City of Maryville 25% City of Alcoa property taxes City of Alcoa 25% Blount County 25%
8. Diagram for Organizational Responsibilities Blount Partnership Marketing Malvern Science Park Marketing Blount UK Blount Japan Marketing Knoxville Partnership Marketing ETEDA Marketing State of Tennessee Marketing Blount Economic Development staff Pellissippi Research Centre Operating Committee (PRCOC) Blount Economic Development Board Incentives Flow to Prospects Responsibilities Negotiate project, make recommendations to operating committee Committee Members Designee from: Alcoa, Blount County, Maryville, Knox County, Chair of BCEDB Responsibilities: Consider and act on recommendations from operating committee; Daily operations of park, tenants, and oversee all construction projects Committee Responsibility Review Economic Development Staff Recommendations, make changes, send recommendation to Economic Development Board for ratification
55. Six Program Areas Education and Workforce Development Technology and Entrepreneurship Global Marketing Resources For Living Public Policy Business Retention and Expansion
56. All Program Performance Metrics Evaluation Criteria Innovation Valley FY 2008 Target Innovation Valley Five-year Target Education and Workforce Development: High School Graduation Rate (%) 83.0 90.0 New Technology Curriculum Offerings at High School Level 2 12 New Curriculums Added at UT and Other Local Educational Institutions 4 16 Technology and Entrepreneurship: Number of New Knowledge-based Start-up Companies Formed 5 50 Number of Technology-Related Jobs Created 77 2,750 Business Retention and Expansion: Number of Existing Company Jobs Added 3,800 19,000 Capital Investment of Expansions (Millions) $440.0 $2,200.0 Number of Existing Industry Headquarter Visits 35 200 Public Policy: Reduction in Population-weighted Ambient Concentration of Fine Particulate Matter (PM2.5) in All Monitored Counties (%) TBD TBD Number of Technology-related Incentives Legislation Changes Supported and Passed 0 2 Resources for Living: Increase in Number of Direct Flights (%) TBD TBD Number of Members in Minority Executives Association 0 36 Increase in Quality Housing Stock in Innovation Valley (%) 0 25%
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