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Montgomery County

Montgomery County

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Montgomery County

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Presentation Transcript

  1. Montgomery County ED/GE

  2. ED/GE Economic Development/ Government Equity • Overview • History • How it Works and Why • Success Stories • Conclusion

  3. Overview • 2 inter-related but separate funds • First tax based sharing in Ohio and one of few in USA • 13 cities, 7 villages and 9 townships have joined • Creates more positive atmosphere between jurisdictions and county

  4. Overview • Creates jobs • Enhances tax base • Reduces economic development competition between municipalities • Helps economy compete in national and international markets • Leverages private, non-profit and government funds

  5. History • Concept began in 1986 • County Commissioners concerned about fiscal picture • Local governments plagued by: • Increasing service costs • Lower than predicted tax revenues • Cutbacks in state and federal aid • Increasingly mobile industrial base

  6. History • Traditional “smokestack” industries undergoing retrenchment • Area leaders perceived local governments duplicating economic development efforts – infighting • Public/private committee recommended improvement in county’s revenue collection and fiscal management

  7. History • Commissioners envisioned county-wide effort would benefit local economy • Voted in 1989 to increase sales tax by one half percent (.5%) • Created community programs – ED/GE, Arts and Affordable Housing

  8. How it Works Economic Development Component • Distributes at least $5 million per year in economic development grants • Awards based on competitive review and advisory committee • Advisory committee comprised of participating jurisdictions and business community

  9. How it Works Government Equity Component • Shares portion of tax revenues as result of growth with participants • Participants either contribute or receive money from GE fund based on previous year’s growth • Three year settle up provision - No jurisdiction contributes more to the GE fund than it receives from the ED fund

  10. How it Works • Jurisdiction must participate in tax based sharing to receive grant funds • Jurisdiction must remain in program for duration • Jurisdictions must be members of ED/GE to apply for ED funds

  11. How it Works • Advisory Board • 2 seats held by largest two cities • Eight seats rotate among 28 jurisdictions • Each seat is held for either 2 or 3 years • County Commissioners have 2 permanent seats • Private sector appoints remaining 3 seats through Chamber of Commerce

  12. How it Works • Applications accepted each April and November • County summarizes applications based on criteria • Committee assesses application and ED/GE goals • Advisory Council recommends recipients to County Commissioners

  13. ED/GE Funds and Total Leveraged Projects as of 12/31/99 Total Leveraged Projects ED/GE Funds

  14. Total Jobs Created and Retained to This Point: 15,455

  15. Otterbein Business Park • $1,202,800 total project • $919,200 ED/GE funds • 335 Jobs Created

  16. D-MAX • $300 million total project • $1 million ED/GE funds • Largest Ohio manufacturing investing in 1999 • 700 new or retained jobs

  17. City of Kettering / Victoria’s Secret Catalog • 10.5 million total project • $600,000 ED/GE funds • 1,250 Jobs Created

  18. Huber Heights / Center Point Commerce Park • $3,758, 019 total project • $1,295,932 ED/GE funds • 1,026 Jobs Created

  19. Reynolds and ReynoldsPhase I • 57 million total project • 1 million ED/GE funds • 700 Jobs Created

  20. Miami Township / Lyons Business Park • 5.1 million total project • $175,000 ED/GE funds • 150 Jobs Created

  21. Minor League Baseball • 26.6 million total project • 4 million ED/GE funds • 150 Jobs Created

  22. Conclusion • Brought urban, suburban and rural interests together • Educates communities about neighboring economic development issues • Forum for resurgence of central city discussion • Places county in center of economic development projects – connects staff to all communities • Connects community through positive actions

  23. Conclusion • Jurisdictions participated in designing program – buy in at beginning • Higher understanding of economic development than before • Region has more sophisticated outlook for economic development