Frank Knorek Wilkes University Thesis PresentationFrank Knorek
Wilkes University Political Science undergraduate thesis presentation on the analysis of national downtown revitalization best practices, and history of downtown economic development within the four third-class cities in Luzerne County, Pennsylvania.
Frank Knorek Wilkes University Thesis PresentationFrank Knorek
Wilkes University Political Science undergraduate thesis presentation on the analysis of national downtown revitalization best practices, and history of downtown economic development within the four third-class cities in Luzerne County, Pennsylvania.
Economic development power point presentation on tax increment financing. Presents a plausible setting for municipal administrators to utilize for securing financing without having the need for excessive and unpopular tax increases.
Economic development power point presentation on tax increment financing. Presents a plausible setting for municipal administrators to utilize for securing financing without having the need for excessive and unpopular tax increases.
Human Engine is proud to launch our latest report Commercial Edge: Renewing the case for the local investment state developed in partnership with leading think tank Localis.
Planning in the region starts with a vision about what we want to be. It is the aspiration of the Filipinos particularly those from SOCCSKSARGEN Region to have a long-term vision for the region and the country as a whole to become a prosperous, predominantly middle class society where no one is poor. The challenge is how every Filipino can afford to have a “matatag, maginhawa at panatag na buhay by 2040.”
A Presentation prepared to inform participants in the inaugural workshop about the proposed Fylde Coast LEP on the role and purpose of Local Enterprise Partnership
In 2013, the City of Swift Current engaged Onagon International to conduct an industry gap and impact
assessment for the city and rural municipality of Swift Current.
This work encompasses two key phases:
Phase 1: Understand the Economy- Focusing on first understanding the city and region’s economy.
Phase 2: Create Connectedness- Focusing on creating greater connectedness within the local economy.
This document outlines the research work coming out of that report.
Promoting Local Economic Development through Strategic Planning
Role of Econ Dev in Local Govt
1. The Role of Local Government in Economic Development
Economicdevelopment: Ithappensat the local level. The final locationdecisionbetweenabusiness
and itsphysical location,orservice area,isverymucha phenomenonrootedinlocal regulation,
planningandpeople. Whetherornotthe local jurisdictionorregional stakeholderstake anactive role in
the processis oftendetermineshowefficient,effective,cohesive andsustainable the developmentwill
be for the community.
What IS economicdevelopment? The classicdefinitionscaninclude: “Addingwealthtoyour
community”, “Commercial andindustrial investmentof new and/orexpandingbusiness”,Jobcreation
and/orjob retention”.
Creatingthisconsensusof definitionandwhateconomicdevelopmentwill meanforyourcommunityis
the firststepin the planningphase whichwill thenbe the foundationtoperformance measurements.
Statutoryauthoritycan give Countiesaregulatoryrole ineconomicdevelopment
Tax IncrementFinancing(TIF) Districtsare aneconomicdevelopmenttool usedbymunicipalitiestopay
for the costs of the improvedinfrastructure inthe redevelopmentarea(i.e.roads,sewers,wateretc). A
tax incrementisthe difference betweenthe amountof propertytax revenue receivedpriortothe
adoptionof the tax incrementfinancingredevelopmentplanandthe amountof propertytax revenue
receivedafternewdevelopmentoccursinthe redevelopmentarea. The Countyisresponsiblefor
calculatingthe propertytax revenuesthatare generatedbythe economicdevelopmentinthe TIF
district. The CountyTreasurerdistributesthe propertytax revenuestothe local municipalityandtothe
trust fundestablishedtoreceivethe tax incrementthatisgeneratedbythe economicdevelopmentin
the TIF district.65ILCS 5/11-74, 4.1
Enterprise Zone Actwasestablishedtostimulate economicgrowthandneighborhoodrevitalizationin
economicallydepressedareasof the State. Anarea maybe eligible (i) entirelywithinamunicipalityor
(ii) entirelywithinthe unincorporatedareasof a county,exceptwhere reasonable needisestablished
for suchzone to coverportionsof more thanone municipalityorcountyor(iii) bothcomprisesall or
part of a municipalityandanunincorporatedareaof a county.55 ILCS 90/1 Sec.1
EconomicDevelopmentTax-A Countywithapopulationunder100,000 may levyanannual tax on all the
taxable propertyinthe county,asequalizedorassessbythe Departmentof Revenue,forthe purpose of
promotingeconomicdevelopment,uponapproval of the tax ata referendumheldinaccordance with
general electionlaw. 55ILCS 5/5-1035.2
Accordingthe national league of cities(NLC),local officialscanplaya keyrole inbuildingconsensusfora
visionandgoalsthat provide acleardirectionforlocal economicdevelopment.
A strategicapproachmeanslinkingeconomicdevelopmentgoalstospecificactivities,allocatinga
budgetandstaff to these activitiesandevaluatingperformancebasedonmeasuredoutcomes.
2. Whencraftingeconomicdevelopmentpolicies,itisessential toconsiderhow otheragencywide policies
affectyoureconomicdevelopmentgoals.
For more informationaboutotherkeycomponentssee http://www.nlc.org/Documents/10things-
EconDevelop.pdf
One approach to local economicdevelopmentisacounty wide economicdevelopmentcouncil. The
advantagesof thisapproachare:
One stopresource for statistical anddemographicdataaboutthe Countyandall the
communitiesinthe County
Listingof all available propertysitessuitable fordevelopment
Liaisontothe IllinoisDepartmentof Commerce andEconomicOpportunity,The Chamberof
Commerce andWorkforce DevelopmentBoard
AdministersEnterpriseZone andrevolvingloanfund
Eliminatesorcreatesamore levelsthe competitionbetweenmunicipalitiesfornew investment
County wide economicdevelopmentcouncil representsthe entire Countytoprospective
developers,businesses,investorslookingtolocate/orexpandinthe County.
County wide economicdevelopmentcouncil canpresentacomprehensiveproposal tailoredto
specificneedsof the client.
County wide economicdevelopmentcouncil bringstothe table the key playersinvolvedin
economicdevelopmentwithinthe Countyincluding Business,Local Government,Labor,&
Education
County wide economicdevelopmentbroadensthe base of supportforinvestmentthroughout
the County
The keyplayerscommitto make a financial investmentandapersonal investmentinthe county
wide economicdevelopmentcouncil
Local governmenthasanimportantrole toplayin economicdevelopment. The more proactive and
deliberateeffortsare thenthe more sustainable projectswill be forboththe publicandprivate sectors.
Contact Aimee Ingalls,Community&EconomicDevelopmentEducator,aingalls@illinois.edu