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Industrial growth catalyst needed 10 11-2016
- 1. Long Term Industry Growth Catalyst is Major Gap Sharp Increase in Business Tax Base Growth Needed John Michitson Andy Vargas Melinda Barrett October 11, 2016
- 2. Bottom Line Up Front • Problem: • Data reveals sharp decline in business tax base growth in last 5 years • Catalyst for commercial growth Harbor Place underway • Spawning new commercial opportunities downtown • New consultants in economic development office off and running • Addressing new leads in downtown & industrial parks • Major gap: catalyst for long term industrial growth • Innovation economy transforming manufacturing quickly • Hypotheses: Need niche & research/training center in advanced manufacturing • Example research and training centers identified • Why Haverhill needs leap in business tax base • Address push & pull factors (facilities, great schools, clusters or niche, navigating City Hall, taxes) • Recommendations
- 3. Haverhill Commercial, Industrial & Personal Property (CIP) Growth 2016 *Tax Increment Financing (TIF) Incentive Delays Tax Benefit of Recent Development Commercial & Industrial Tax Base Growth Small in 2016 Source: City Assessor Personal Property – 89% Commercial – 9% Industrial – 2%
- 4. Haverhill Commercial, Industrial & Personal Property (CIP) Growth 2007 - 2016 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 CIP Total Personal Property Commercial and Industrial Commercial & Industrial Tax Base Growth Declined Sharply in Last Six Years Source: City Assessor/Mass.Gov *Tax Increment Financing (TIF) Incentive Delays Tax Benefit of Recent Development
- 5. Haverhill CIP Growth vs. Similar Cities 0 1000000 2000000 3000000 4000000 5000000 6000000 2012 2013 2014 2015 2016 Commercial & Industrial Tax Base Growth Declined in Last 5 Years vs. Similar Cities Source: City Assessor/ Mass.Gov *Tax Increment Financing (TIF) Incentive Delays Tax Benefit of Recent Development
- 6. Harbor Place Commercial Growth Catalyst in Downtown Domino Effect Started Downtown Investors Source: Harbor Place Source: Eagle Tribune
- 7. New Economic Development Resources 2014 • William Pillsbury, Director (One-man band!) 2016 • William Pillsbury, Director • Noah Koretz, Planner • Nate Robertson, Economic Dev. • Alison Colby-Campbell, Marketing Investors Identifying & Addressing New Leads in Downtown & Industrial Parks + Developing Marketing Materials Source: Eagle Tribune
- 8. • Hypotheses: Need niche & research/training center in advanced manufacturing • Examples: • The Massachusetts Green High Performance Computing Center (MGHPCC) in Holyoke • Factory 2050 at UK’s Sheffield University • Georgia Tech Internet of Things Research Center • Advanced manufacturing workforce development training center, in conjunction with NECC, HHS, Whittier Vo-Tech, UMASS/Lowell & industry (concept) Gap: Catalyst for Long Term Industrial Growth
- 9. Why Haverhill Needs Leap in Business Tax Base • Meet its long term financial needs • Provide good jobs at every level to reflect our diversity • Turn around our challenging neighborhoods and improve our quality of life • Provide support and funding needed to continue improving public education Fantini Bakery $3M Expansion in Mount Washington NeighborhoodFamily owned since 1902Sources: Fantini Bakery & MB
- 10. • Facilities – expansion, growth of company Push or Pull Factors • Taxes – rate, breaks, etc. • Great schools – education for children of employees • Clusters or niche – collaboration, innovation, productivity • Navigating City Hall – information, leadership, vision
- 11. Addressing Push or Pull Factors • Facilities – expansion, growth of company Recommendation: • Zoning review • Master Plan • Information Design & Distribution – What’s available? Why come? Search engine optimization (SEO)
- 12. Addressing Push or Pull Factors Recommendation: • School Facilities (Capital Improvements) – submitting statement of interests (SOIs) to MSBA in a timely manner • “The team also recommends that the district develop a long-range facilities plan. Without a comprehensive long-range capital plan it is not clear to staff or the public what kind of schools students will attend and how suitable they will be for learning.” (Department of Elementary & Secondary Education, Haverhill Accountability Report, 2015) • Get Data Driven! • “The district does not have an up-to-date, data-driven District Improvement Plan. There is little evidence of student achievement driving budget decisions, and the two new goals developed for the district do not reflect analysis of current student achievement results.” (DESE) • Great schools – education for children of employees
- 13. Addressing Push or Pull Factors Recommendation: • Asset mapping – Building on common industries in Haverhill – advanced manufacturing, food, etc. • Define our story – what is Haverhill’s story, our brand? • Clusters or niche – collaboration, innovation, productivity
- 14. Addressing Push or Pull Factors Recommendation: • Master Plan! • Redesign of www.HaverhillMA.gov -- this is our city’s front door, perhaps more so than exiting off 495! • Transparency & Ease of Understanding Data – it should be easy for businesses to get a high level view of the state of the city, utilizing all the data we collect (ClearGov) • Business Portal – A clear & concise roadmap of what it takes to bring your businesses to Haverhill/starting a business here. • Navigating City Hall – information, leadership, vision
- 15. Recommendation • Request that Economic Development Director/Team: • Address Push or Pull Factors and associated recommendations • Address niche, value and feasibility of a research/training center in advanced manufacturing Thank You