¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL...
-
Upload
easter-james -
Category
Documents
-
view
215 -
download
0
Transcript of ¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL...
![Page 1: ¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL QUARTER - CENT SALES TAX FOR ECONOMIC DEVELOPMENT AT THE.](https://reader036.fdocuments.in/reader036/viewer/2022062716/56649e0e5503460f94af8607/html5/thumbnails/1.jpg)
¼ - CENTSALES
TAX
BUILDS
JOBS
![Page 2: ¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL QUARTER - CENT SALES TAX FOR ECONOMIC DEVELOPMENT AT THE.](https://reader036.fdocuments.in/reader036/viewer/2022062716/56649e0e5503460f94af8607/html5/thumbnails/2.jpg)
Economic Development Sales Tax
REQUEST
APPROVE AN OPTIONAL
QUARTER-CENT SALES TAX FOR ECONOMIC
DEVELOPMENT AT THE GENERAL ELECTION IN
NOVEMBER 2010
¢
![Page 3: ¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL QUARTER - CENT SALES TAX FOR ECONOMIC DEVELOPMENT AT THE.](https://reader036.fdocuments.in/reader036/viewer/2022062716/56649e0e5503460f94af8607/html5/thumbnails/3.jpg)
2006 Goshen County adopted an optional sales tax for economic development for a two-year period
Leveraged local sales tax funds 7:1 Allowed Goshen County to be
competitive with larger communities when contending for the UW – GE Energy Coal Research Center
HISTORY¢
![Page 4: ¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL QUARTER - CENT SALES TAX FOR ECONOMIC DEVELOPMENT AT THE.](https://reader036.fdocuments.in/reader036/viewer/2022062716/56649e0e5503460f94af8607/html5/thumbnails/4.jpg)
FUNDAMENTALS OF ECONOMIC DEVELOPMENT Encourage job growth 6.4% unemployment rate in Goshen
County – the highest in 12 years Success of existing businesses is top
priority for GCEDC
¢
![Page 5: ¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL QUARTER - CENT SALES TAX FOR ECONOMIC DEVELOPMENT AT THE.](https://reader036.fdocuments.in/reader036/viewer/2022062716/56649e0e5503460f94af8607/html5/thumbnails/5.jpg)
ACCOUNTABILITY Is a nonprofit organization created in
1987 to create jobs, encourage business growth, and build on local community assets
Keeps a separate accounting of all sales tax funds
Enjoys strong support from local business and industry, city and county government and the citizens of Goshen County
¢Goshen County Economic Development Corp.
![Page 6: ¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL QUARTER - CENT SALES TAX FOR ECONOMIC DEVELOPMENT AT THE.](https://reader036.fdocuments.in/reader036/viewer/2022062716/56649e0e5503460f94af8607/html5/thumbnails/6.jpg)
A PROVEN TRACK RECORD Instrumental in developing and obtaining financing for
Goshen County fairgrounds Creating a community-owned cooperative, Our
Clothing Store Supporting the development of Heartland
BioComposites, which operates today as Natures Composites
Recruiting the Wyoming Medium Correctional Facility Obtaining financing for the Alzheimer’s Unit Assisting in obtaining grant funding for the new
Lincoln Center Founding the Goshen County 2-Shot Goose Hunt
¢Goshen County Economic Development Corp.
![Page 7: ¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL QUARTER - CENT SALES TAX FOR ECONOMIC DEVELOPMENT AT THE.](https://reader036.fdocuments.in/reader036/viewer/2022062716/56649e0e5503460f94af8607/html5/thumbnails/7.jpg)
Business Development
Blue Sun BiodieselGE Energy/UW
USE: engineering, survey, research, etc.
CustomizedProposals
![Page 8: ¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL QUARTER - CENT SALES TAX FOR ECONOMIC DEVELOPMENT AT THE.](https://reader036.fdocuments.in/reader036/viewer/2022062716/56649e0e5503460f94af8607/html5/thumbnails/8.jpg)
Business Development
ACTION: Develop Cold Springs Business Park
UW-GE
Companies looking for site served by public water and wastewater
Shovel-ready Highway access Room for expansion
Lessons Learned
![Page 9: ¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL QUARTER - CENT SALES TAX FOR ECONOMIC DEVELOPMENT AT THE.](https://reader036.fdocuments.in/reader036/viewer/2022062716/56649e0e5503460f94af8607/html5/thumbnails/9.jpg)
Business Development
Cold Springs
Business Park
66 acres – located on Highway 85
19 lots
Goal is to add 200 jobs in the next 20 years
Tax benefits = $7.5 million
First tenant – Schlagel Mfg.
![Page 10: ¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL QUARTER - CENT SALES TAX FOR ECONOMIC DEVELOPMENT AT THE.](https://reader036.fdocuments.in/reader036/viewer/2022062716/56649e0e5503460f94af8607/html5/thumbnails/10.jpg)
Business Development
Schlagel Manufactur
ing A Wyoming Corporation in its 15th
year Designs and manufacturers
agricultural farm equipment, metal art, and pickup accessories
Has outgrown its current facilities Will increase from 22 to 36 jobs
Leveraged$3,000,000
![Page 11: ¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL QUARTER - CENT SALES TAX FOR ECONOMIC DEVELOPMENT AT THE.](https://reader036.fdocuments.in/reader036/viewer/2022062716/56649e0e5503460f94af8607/html5/thumbnails/11.jpg)
Community Development
A community, cultural and business center
4 suites available for lease on second floor
Community library
Computer lab
Museum
Break/conference room
Fitness center
Leveraged$1,355,944 Before
After
LaGrangeHeritageSquare
![Page 12: ¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL QUARTER - CENT SALES TAX FOR ECONOMIC DEVELOPMENT AT THE.](https://reader036.fdocuments.in/reader036/viewer/2022062716/56649e0e5503460f94af8607/html5/thumbnails/12.jpg)
Community Development
Hawk SpringsCommunity
Building
Historic preservation Community gathering place
Leveraged$300,000
![Page 13: ¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL QUARTER - CENT SALES TAX FOR ECONOMIC DEVELOPMENT AT THE.](https://reader036.fdocuments.in/reader036/viewer/2022062716/56649e0e5503460f94af8607/html5/thumbnails/13.jpg)
Community Development
Goshen County
Housing Study
Assessment included: Demographic trends Housing stock challenges Homeownership options Rental housing availability Elderly population trends Special needs households Race, ethnicity, and housing Economic impact analysis of
opening of WMCI Goshen County Housing Survey Scottsbluff/Gering housing
marketPURPOSE: to assess the gap between the existing housing supply and the number of housing units needed
Helping Goshen County establish
housing and funding priorities.
![Page 14: ¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL QUARTER - CENT SALES TAX FOR ECONOMIC DEVELOPMENT AT THE.](https://reader036.fdocuments.in/reader036/viewer/2022062716/56649e0e5503460f94af8607/html5/thumbnails/14.jpg)
Community Development
Grants and Matching
Funds Fort Laramie Rendezvous Town of LaGrange Hawk Springs Community Building
Association Torrington Retail Merchants Association Oregon Trail Historic By-way Platte Valley Young Professionals Network
![Page 15: ¼ - CENT S ALES T AX B UILDS J OBS. Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL QUARTER - CENT SALES TAX FOR ECONOMIC DEVELOPMENT AT THE.](https://reader036.fdocuments.in/reader036/viewer/2022062716/56649e0e5503460f94af8607/html5/thumbnails/15.jpg)
Conclusion¢ Without economic development sales tax, Goshen County has very limited resources to stimulate the economy
Optional sales tax is necessary for economic development to initiate business development and community enhancement projects for a greater impact in all communities