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REAL ESTATE PPP AND ECONOMIC DEVELOPMENT

Explore the art and science of PPP-driven economic development in the United States, balancing public and private interests for job creation and growth. Learn how successful collaborations and problem-solving initiatives lead to tangible economic benefits, as exemplified by the case study of Kilgore, Texas. Discover the impact of PPP models on job creation, corporate growth, and overall economic prosperity.

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REAL ESTATE PPP AND ECONOMIC DEVELOPMENT

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  1. REAL ESTATE PPP AND ECONOMIC DEVELOPMENT “LET’S MAKE A DEAL”

  2. PPP AND ECONOMIC DEVELOPMENT • Formula for success • Create mutual opportunity for both public/private sector • Many times more “art than science” despite our best efforts • Human Factor • Political Dimension • Solve problems in novel way leads to more success and economic growth

  3. THE ECONOMIC DEVELOPMENT CONUNDRUM IN THE UNITED STATES • Motivated by job creation goal • Competition is fierce • Pure Governmental units have limits on ability to engage private sector • ED Goal is to not only get jobs in the door—but good paying jobs

  4. THE REAL ESTATE DEVELOPMENT CONUNDRUM IN THE UNITED STATES • Motivated by Profit • Highly competitive • Provincial attitudes • Barriers to entry • Building trust in an environment of high hopes and fear of failure • SPEED and EFFICIENCY

  5. SOLUTION—PPP DRIVEN ECONOMIC DEVELOPMENT • PPP real estate Project • “What it takes” • Concept to Completion—VISION • Collaboration • Coordination • Communication

  6. PPP CASE STUDY KILGORE, TEXAS BUILDING AN ECONOMIC DEVELOPMENT BASE—GROUND UP

  7. SOLUTION—NEW GROWTH FOR KILGORE, TEXAS • Kilgore Economic Development Corporation (KEDC) always looking to diversify/expand economic base • Historically an Oil industry dominated economy • Located between Shreveport, Louisiana and Dallas, Texas on I-20 • Create additional base of jobs • Common goal with SP • Common “client” with SP • Objectives clear

  8. SOLUTION—RETAIN AND GROW CORPORATE CLIENTS • Bring together resources of both KEDC and SP • Communication and Problem Solving Approach • Great Working relationship • KEDC provided 9.2 acre site to SP for $1 • KEDC provided grant $ and tax abatement to Alcoa Closure Systems International (CSI) • SP invested $8.5 Million USD • Provide 70 new jobs in Kilgore, Texas • Provide a new facility for Alcoa CSI

  9. RESULTS—PRODUCING STRONG ECONOMIC GROWTH

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