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Listening sessions
1.
2. Agenda
[ Economic Development Listening Sessions ] Presentation
Specific questions
Other Questions
Ground Rules:
1. So that everyone has a chance to speak, only answer each question one
time and limit the length of your answer.
2. Allow me to present and hold the questions to the end so that we respect
each other’s time.
3. The goal is to gain a deeper understanding of the subject matter through
your active participation.
4. Be respectful of other people’s opinions.
5. Respect each other and any time limitations that we may face.
4. Cities pursue growth to survive
Healthy Tax Base
- Rising land values
- Business Prosperity
- Good Business Climate
Underlying Assumption:
- Private Investment is the Key to Economic
Development
- Pubic Investment is often a catalyst to give confidence to
private investors.
> Retention > Expansion > Attraction > Entrepreneurial support
Economic Development
5. [ Economic Development Partnership ]
How we arrived at this destination :
Mitchel Silver, Chief Planning and Development Officer drafted an MOU that
was adopted in 2011. That MOU summarized the responsibilities of economic
development on behalf of the City and who held what responsibility. That MOU
also lead to the creation of the Office of Economic Development.
Economic Development
6. [ Economic Development in the Comprehensive Plan]
1. Commercial Corridor Reinvestment
2. Neighborhood Reinvestment
3. Entrepreneurs and Business Development
4. Economic Development Through the Arts
5. Workforce Training and Access to Employment
6. Economic Development and Land Use
7. Creative Industries
8. Downtown Raleigh
9. Regional and Inter-Jurisdictional Coordination
Economic Development
7. [ Economic Development ]
Potential future activities
1. Capitalize a fund to acquire and assemble property (aside from
redevelopment areas)
2. Centralize management of Request for Proposals
3. Pre‐entitle property
4. Dispose or swap land
5. Strategically use Capital Improvement Funds to leverage private
investment
6. Package prime development sites with properties in distressed areas
7. Target areas near future transit stops and corridors
8. Develop a business incentives program
9. Explore the use of incentives such as TIF and Special Assessment Districts
Economic Development
8. [ Economic Development ]
Potential future activities
1. Capitalize a fund to acquire and assemble property (aside from
redevelopment areas)
2. Centralize management of Request for Proposals
3. Pre‐entitle property
4. Dispose or swap land
5. Strategically use Capital Improvement Funds to leverage private
investment
6. Package prime development sites with properties in distressed areas
7. Target areas near future transit stops and corridors
8. Develop a business incentives program
9. Explore the use of incentives such as TIF and Special Assessment Districts
Economic Development
9. [ Economic Development ]
Potential future activities
1. Capitalize a fund to acquire and assemble property (aside from
redevelopment areas)
2. Centralize management of Request for Proposals
3. Pre‐entitle property
4. Dispose or swap land
5. Strategically use Capital Improvement Funds to leverage private
investment
6. Package prime development sites with properties in distressed areas
7. Target areas near future transit stops and corridors
8. Develop a business incentives program
9. Explore the use of incentives such as TIF and Special Assessment Districts
Economic Development
10. [ Economic Development ]
Potential future activities
1. Capitalize a fund to acquire and assemble property (aside from
redevelopment areas)
2. Centralize management of Request for Proposals
3. Pre‐entitle property
4. Dispose or swap land
5. Strategically use Capital Improvement Funds to leverage private
investment
6. Package prime development sites with properties in distressed areas
7. Target areas near future transit stops and corridors
8. Develop a business incentives program
9. Explore the use of incentives such as TIF and Special Assessment Districts
Economic Development
11. [ Economic Development ]
Potential future activities
1. Capitalize a fund to acquire and assemble property (aside from
redevelopment areas)
2. Centralize management of Request for Proposals
3. Pre‐entitle property
4. Dispose or swap land
5. Strategically use Capital Improvement Funds to leverage private
investment
6. Package prime development sites with properties in distressed areas
7. Target areas near future transit stops and corridors
8. Develop a business incentives program
9. Explore the use of incentives such as TIF and Special Assessment Districts
Economic Development
12. [ Economic Development ]
Potential future activities
1. Capitalize a fund to acquire and assemble property (aside from
redevelopment areas)
2. Centralize management of Request for Proposals
3. Pre‐entitle property
4. Dispose or swap land
5. Strategically use Capital Improvement Funds to leverage private
investment
6. Package prime development sites with properties in distressed areas
7. Target areas near future transit stops and corridors
8. Develop a business incentives program
9. Explore the use of incentives such as TIF and Special Assessment Districts
Economic Development
13. [ Economic Development ]
Potential future activities
1. Capitalize a fund to acquire and assemble property (aside from
redevelopment areas)
2. Centralize management of Request for Proposals
3. Pre‐entitle property
4. Dispose or swap land
5. Strategically use Capital Improvement Funds to leverage private
investment
6. Package prime development sites with properties in distressed areas
7. Target areas near future transit stops and corridors
8. Develop a business incentives program
9. Explore the use of incentives such as TIF and Special Assessment Districts
Economic Development
14. [ Economic Development ]
Potential future activities
1. Capitalize a fund to acquire and assemble property (aside from
redevelopment areas)
2. Centralize management of Request for Proposals
3. Pre‐entitle property
4. Dispose or swap land
5. Strategically use Capital Improvement Funds to leverage private
investment
6. Package prime development sites with properties in distressed areas
7. Target areas near future transit stops and corridors
8. Develop a business incentives program
9. Explore the use of incentives such as TIF and Special Assessment Districts
Economic Development
15. [ Economic Development ]
Potential future activities
1. Capitalize a fund to acquire and assemble property (aside from
redevelopment areas)
2. Centralize management of Request for Proposals
3. Pre‐entitle property
4. Dispose or swap land
5. Strategically use Capital Improvement Funds to leverage private
investment
6. Package prime development sites with properties in distressed areas
7. Target areas near future transit stops and corridors
8. Develop a business incentives program
9. Explore the use of incentives such as TIF and Special Assessment Districts
Economic Development
16. [ Economic Development ]
Potential future activities
1. Capitalize a fund to acquire and assemble property (aside from
redevelopment areas)
2. Centralize management of Request for Proposals
3. Pre‐entitle property
4. Dispose or swap land
5. Strategically use Capital Improvement Funds to leverage private
investment
6. Package prime development sites with properties in distressed areas
7. Target areas near future transit stops and corridors
8. Develop a business incentives program
9. Explore the use of incentives such as TIF and Special Assessment Districts
Economic Development
17. [Potential Outcomes]
M aximizing of resources and outcomes to benefit commercial districts,
neighborhoods and the City at large.
Capturing the entrepreneur spirit and dreams, welcoming new businesses to our
community (local and corporate), nurturing our neighborhoods and neighborhood
commercial areas and investing in key areas, both in projects and public
infrastructure, to strategically encourage further development.
Economic Development
21. [ Office ]
25000000
20000000
Construction Value
15000000
Office
10000000
Linear (Office)
50000000
0
[ Commercial ]
20000000
Construction Value
15000000
10000000
Commercial
Linear (Commercial)
50000000
0
2002
2004
2005
2006
2007
2008
2009
2010
2011
Year
Raleigh and ETJ New Non-Residential Building Activity
Economic Development
22. [ Industrial ]
40000000
35000000
Construction Value
30000000
25000000
20000000
Industrial
15000000
Linear (Industrial)
10000000
5000000
0
[ Institutional ]
20000000
18000000
16000000
Construction Value
14000000
12000000
10000000
Institutional
80000000
60000000 Linear (Institutional)
40000000
20000000
0
2002
2004
2005
2006
2007
2008
2009
2010
2011
Year
Raleigh and ETJ New Non-Residential Building Activity
Economic Development
25. Based on what you have heard today are there other issues to be addressed?
Economic Development
26. Is there a particular issue that you feel is critical to Raleigh’s
success in economic development?
Economic Development
27. What do you believe to be a priority for economic development? (two votes
each)
a) New business development (not currently located here)
b) Expansion and retention of existing businesses
c) Neighborhood redevelopment (commercial components)
d) Innovation and entrepreneurship ventures
Economic Development
![Agenda
[ Economic Development Listening Sessions ] Presentation
Specific questions
Other Questions
Ground Rules:
1. So that everyone has a chance to speak, only answer each question one
time and limit the length of your answer.
2. Allow me to present and hold the questions to the end so that we respect
each other’s time.
3. The goal is to gain a deeper understanding of the subject matter through
your active participation.
4. Be respectful of other people’s opinions.
5. Respect each other and any time limitations that we may face.](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)