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ED411 | 2017 | Track 3: Economic Development for Newly Elected Officials

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ED411 | 2017 | Track 3: Economic Development for Newly Elected Officials

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ED411 | 2017 | Track 3: Economic Development for Newly Elected Officials

  1. 1. #ED411 ECONOMIC DEVELOPMENT FOR NEWLY ELECTED OFFICIALS December 1, 2017
  2. 2. #ED411 Chris Magill Economic Development Manager, Ice Miller LLP Mark Raiff Superintendent, Olentangy Local Schools Steve Cuckler Partner, Taft Stettinius & Hollister LLP
  3. 3. #ED411 CONSIDERATIONS FOR ELECTED OFFICIALS A look at the external and internal influencers
  4. 4. #ED411 EXTERNAL ENVIRONMENT Political and Regulatory • Upcoming elections, candidate plans & policies • Monitoring the legislature • Business regulations, industry challenges Economic • Unemployment, housing, infant mortality • Workforce: skills and affordability • Access to credit and disposable income • Economic base jobs and companies Sociocultural • Population demographics • Generational shifts in attitudes, values and beliefs • Health, education and social mobility Technological • New technologies and research trends • Infrastructure impact (remote working & commuting) • Enabling investments and partnerships
  5. 5. #ED411 INTERNAL ENVIRONMENT Organizational Structure • City Charter, State Agency Structure • Customer service vs. internal interfacing • Staff capacities and alignment with goals • Training and development Goals & Performance Measures • Review of all existing plan documents • Understanding how success is measured • Understanding challenges Major Events and Deadlines • Upcoming elections • Annual events • Policy & plan updates; annual reports; performance reviews, capital bill Budget and Revenues • Review of budget constraints • Review of budget flexibilities • Understanding revenue sources and uses
  6. 6. #ED411 INCENTIVE TOOLS Payroll & Jobs Property Business Activities Geography & Industry Abatement (CRA/EZ) Redirection (TIF) Assessment (SID/NCA/SA/TID) Payroll Tax Credit (JCTC) Income Tax Credit (MITC) Income Tax Grant (JGI) Training Grant (JOWG) Capital Investment Grant/Loan (JOEDG) R&D Grants/Loans (JORDC,RDILF, IOLF) Initiative Incentives (Targeted Industry, FDI, Brownfield) Federal Zones & Distress (USDA, CDFI, SBA, HUD) Keys to Incentives  Budgets & value limitations  Major Factor - Why does this need public funding?  Job Creation?  How can sources be combined?  What is my qualitative and quantitative ROI?  What is the risk and compliance with each program? Public Infrastructure and Public Projects • Debt/Bond capacity • Public Works • EDA • Broadband • Transportation (ODOT, FDOT)
  7. 7. #ED411 COMMUNICATIONS & ETHICS What are limitations for elected officials participating in economic development deals? Economic development projects can involve interactions with the following groups: • Approval Boards • Private Business (“project owner”) • Internal Staff • Lobbyists • Associations and Non-profits Resources: Ohio Ethics Commission, Ohio Revised Code 102 (Public Officers) and 149 (Documents, Reports and Records); Ohio Sunshine Laws Manual; Local Executive Order, Local Ethics Policy, Local Ordinances Considerations • Giving and receiving gifts • Influencing staff/process • Failing to register • Communicating • Transparency and disclosure
  8. 8. #ED411 THANK YOU Chris Magill Economic Development Director https://twitter.com/ProfessorMagill https://www.linkedin.com/in/chrismagill/ https://www.icemiller.com/people/christopher-j-magill/ Chris.Magill@icemiller.com 614-462-1141
  9. 9. #ED411 SCHOOL DISTRICTS ROLE IN ECONOMIC DEVELOPMENT
  10. 10. #ED411 SCHOOL FUNDING 101  Ohio’s School Funding  Over-Reliance on Property Taxes  The Need to Build a Diversified Tax Base
  11. 11. #ED411 THE NEED TO ENCOURAGE ECONOMIC DEVELOPMENT  Working with Local Leaders to Build Capacity for Agreements  Educating the Community on Benefits of Economic Development  Community-Wide Improvements to Infrastructure
  12. 12. #ED411 Mark T. Raiff, Superintendent Olentangy Local Schools mark_raiff@olsd.us Twitter: @SuperOlsd
  13. 13. #ED411 WHAT IS OUR VISION FOR COMMUNITY/AREA? LEAD! DelawareNow!
  14. 14. #ED411 IS OUR COMMUNITY REALLY COMMITTED TO ECONOMIC DEVELOPMENT? SPEAKING TO A LOCAL CLUB, MAYOR BUCK RINEHART ASKED WHETHER THE AUDIENCE KNEW HOW A PIG AND A CHICKEN ARE CONNECTED WITH MAKING BACON AND EGGS. “THE CHICKEN’S INVOLVED,” RINEHART SAID. “THE PIG’S COMMITTED.” DelawareNow!
  15. 15. #ED411 WHAT DO OUR CURRENT EMPLOYERS THINK ABOUT US? DelawareNow!
  16. 16. #ED411 WHAT DO COMMERCIAL DEVELOPERS/SITE SELECTORS THINK ABOUT US? DelawareNow!
  17. 17. #ED411 KNOW YOUR MARKET. KNOW YOUR COMMUNITY. KNOW WHAT OTHER COMMUNITIES ARE DOING. DelawareNow!
  18. 18. #ED411 LAND COSTS ZONING ROADS UTILITIES DelawareNow!
  19. 19. #ED411 CERTAINTY PREDICTABILITY SPEED POLITICAL STABILITY DelawareNow!
  20. 20. #ED411 HOW CAN WE CREATE A WIN/WIN FOR COMMUNITY AND PROJECT? DelawareNow!
  21. 21. #ED411 THANK YOU

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