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Home My WebLink AboutEnvironmentConduciveToEconomicDevelopment.10-11.4thQtrTangible Result: Current overall Rating of this Result: YELLOW Measures (with desired trend and ultimate goal / benchmark) Measure New Development Improved Revenue Employment Unemployment Current State (should be Descriptive and\or Visual) for each measure Measure New Bus Lic Building Permits New Leads Sales Tax Rev Employment Unemployment New Bus. License Building Permits New Leads Sales Tax Month 17 34 5 0.06 36407 0.073 Environment Conducive to Economic Dev Desired Trend increase increase constant increase increase decrease Trend á á à á á à Progress yes yes yes yes yes yes Benchmark 10 50 3 0.02 36000 0.06 Rating/Comment developing increase this yr year to year seeing small increase Miinards starting construction soon continued growth up and down; small growth small progress down Goal 15 75 5 0.04 37000 0.04 Red Yell Y Y Y Green G G G Champion: Future State (if we do not change our strategy , what will the future result look like?) Overall the environment for economic development seems to be stagnant but improving. We have small amounts of growth and a few good leads. While we may be doing better, than a lot of the state and county, we must work hard to establish stronger growth. The analysis of the sales tax shows we are slowly emerging from the downturn starting in October of last year (see graph). We have established the 7 action items below to begin the process of strengthening our growth. We will also look at our data to see if we need to strengthen the data we are getting. Moving past the commander issue and getting the Casino on line as well as Menards will continue to bring growth to the city. Implementation Plan (Green=Task On Time/Ahead - Yellow=Task Running Behind - Red=Task Late - X=Completion Date) # 1 2 3 4 5 6 7 Outcome Measures Measure Leader Robinson Loy Eric / Scott Meyer Meyer K. Green Meyer/ Green Eric Meyer/Cunningham Scott Meyer/Eric Cunningham Tasks work with a developer interested in the Airport buildings Continue eviction process with Commander Follow up with Magnet on existing bussinesses and new leads Follow up with OTC on progress w/ CID etc. rewrite the development manual and a developers information process sheet Continue to work with the casino developer Develop options for incentives to refurbish targeted properties look at data and sources and see if improved data and benchmarks are needed Submitted: Current 7/1/2011 Milestone Dates July Aug X Sept X After Implementation Oct X Data for 4th Qtr Nov X X Dec X Jan X X Feb X 2010-2011 March April May June X Month January February March April May June July August September October November December Total Sales Tax Receipts Y2009 799664 602986 975364 743014 485220 896867 717331 530815 912711 688166 518970 722146 8593254 Y2010 875109 666784 833161 802236 528281 837162 812236 475702 942250 729346 471837 793308 8767412 Y2011 703594 858567 653515 928958 575411 887610 Building Permits - Total Y2009 20 23 26 22 24 30 27 24 25 31 15 23 Y2010 15 21 28 19 25 38 23 17 43 27 14 23 Y2011 15 35 45 28 28 34 New Business License Y2009 7 16 13 13 16 10 Y2010 20 10 17 17 17 10 7 11 11 11 18 7 Y2011 7 13 35 14 19 17 Cape County Employtment ? Unemployment % Y2009 35103 35103 35103 36222 36222 36222 36083 7.4 7.4 7.4 7.6 7.6 7.6 7.2 Y2010 36083 36083 35651 35651 35651 36020 36020 36020 34997 34997 34997 35061 7.2 7.2 7.8 7.8 7.8 7.1 7.1 7.1 8 8 8 7.7 Y2011 35061 35061 35494 35494 35494 36407 7.7 7.7 7.9 7.9 7.9 7.3