ECONOMIC DEVELOPMENT 2018 BUDGET DISCUSSION

PROGRAMS & SERVICES: Business Expansion and Retention (BEAR) Entrepreneurship Site Selection/New Business Attraction Capacity Building (housing, real estate development and reuse, civic leadership and data clearinghouse).

BUSINESS EXPANSION AND RETENTON: Our department proactively supports the expansion/retention of existing businesses in Summit County. Businesses that are already located in Summit County are in the best position to quickly create jobs and contribute to the tax base. Moreover, the County’s perception and endorsement as a business-friendly community – or lack thereof – can make or break future investments by others. We visited 68 companies between July/2016 and June/2017

ENTREPRENEURSHIP: The Ice House Entrepreneurship Program (16 week program) is an experiential, problem- based learning program designed to expose participants to the fundamental aspects of an entrepreneurial mindset. The Economic Development Department has facilitated two Ice House cohorts. The third cohort is scheduled to begin as soon as the new Kamas Library is completed. Classes are limited to ten (10) students and are facilitated on Thursday nights (two hour sessions).

IMPACT Source: EMSI Developer Q3 2017 Data Set

SITE SELECTION/NEW BUSINESS ATTRACTION: The Economic Development Department responds to requests for information (RFIs) and works with brokers and building owners throughout the County to find the best location for potential locates. Data packages that address multiple site location factors, such as labor, logistics, rate studies, economic incentives and real estate are prepared in advance of visiting companies. Assisted locates include Armada Skis, 3DSIM LLC, and Snowsports Industries America (SIA).

CAPACITY BUILDING: Cline Dahle. Introduced the concept of Transportation Oriented Development (TOD) as a potential land use for the property and led a team from the University of Utah to prepare a capacity study to evaluate the property’s potential for TOD. The next project phase will involve the preparation of a RFQ/RFP to masterplan the subject property. The planning effort will include a charrette & community engagement process.

CAPACITY BUILDING: Housing. The Economic Development Department has been tasked with the County’s affordable/workforce housing program. A housing assessment is currently under development and should be completed this month. The Economic Development Department will take the findings and recommendations within the housing assessment and begin to formulate an implementation plan in concert with the Community Development Department and County Council.

CAPACITY BUILDING: Civic Leadership. Established an intern program in concert with North Summit High School. One intern cohort has been completed. Currently working with the second. Serve on the Revolving Loan Board for Mountainlands Association of Governments (gap financing). Coordinate activities with the Office of the Governor on his 25K jobs initiative. Recently worked with Kamas City to establish a new enterprise zone in support of a local company expansion.

Project manager for the Local Update of Census 2020 (LUCA). CAPACITY BUILDING: Data Clearinghouse. The Economic Development Department also provides demographic and economic data in support of companies, governments, non-profits and others within Summit County. Project manager for the Local Update of Census 2020 (LUCA). Meet monthly and share data with local economic developers including Pandolabs, Park City Angel Network, Park City Business Resource Center, the University of Utah and Park City Municipal.

Business Expansion and Retention Grant: DEPARTMENT REVENUES: Business Expansion and Retention Grant: $4,000, Business Visits $2,800, Ice House Entrepreneurship Program

MAJOR BUDGET CHANGES FY2018: $135,000 Cline Dahle Master Plan $6,500* EMSI – Data subscription $50,000 Housing Contract (Transferred from Community Development Department) *Granted by Park City Chamber and Visitor Bureau

CLINE DHALE MASTER PLAN $135,000 22 days 1/5/2018 - 1/26/2018 RFQ/RFP 15 days 2/2/2018 - 2/16/2018 Consultant selection 30 days 3/2/2018 - 3/31/2018 Pre-Charrette coordination 4 days 4/13/2018 - 4/16/2018 Site visit/community charrette 45 days 4/30/2018 - 6/13/2018 Draft documents are prepared 30 days Graphic exhibits are prepared and include feedback from County and selected stakeholders 7/4/2018 - 8/2/2018 60 days 8/6/2018 - 10/4/2018 Public Meetings 2018 2018 Jan Feb Mar Apr May Jun Jul Aug Sep Oct 2018 Today

“The pay rates I got from you are far superior than the BLS, unedited data. Thanks again.” --Bob Rosenthal, 11/2/2017 EMSI LMI DATA $6,500 Public Traditional LMI Private Real Time LMI

HOUSING $50,000 Creative Class (301 Occupations) Working Class (272 Occupations) Service Class (196 Occupations) Agricultural Class (15 Occupations)   2017 Jobs 2027 Jobs Change % Change Average Earnings Per Job Average Earnings Per Job adjusted by Cost of Living Creative Class 7,497 9,551 2,054 27% $30.92/HR $26.43/HR Working Class 4,881 5,952 1,071 22% $18.70/HR $15.98/HR Service Class 17,545 21,638 4,093 23% $15.41/HR $13.70/HR Agricultural Class 72 90 18 25% $13.05/HR $11.16/HR Total Employment 30,161 37,359 7,198 24% $19.79/HR $16.92/HR Creative Class (301 Occupations) Computer and mathematical occupations Architecture and engineering occupations Life, physical, and social science occupations Education, training, and library occupations Arts, design, entertainment, sports, and media occupations Management occupations Business and financial operations occupations Legal occupations Healthcare practitioners and technical occupations Working Class (272 Occupations) Construction and extraction occupations Installation, maintenance, and repair occupations Production occupations Transportation and material moving occupations Service Class (196 Occupations) Health care support occupations Food preparation and food-service-related occupations Building and grounds cleaning and maintenance occupations Personal care and service occupations Office and administrative support occupations Community and social services occupations Protective service occupations Sales and related occupations Agricultural Class (15 Occupations) Farming, fishing, and forestry occupations Source: EMSI Developer 1017.3 Class of Worker Working hours per year: 2,080

DEPARTMENT NAME: Any potential federal, state mandates/legislation affecting department: Potential changes to Redevelopment Laws GOP Tax Bill – Bond Financing Impact to the department if the propposed tax increase is not approved. Slow or delay the master planning process for the Cline Dahle property. Eliminate the data subscriptions services used to support all areas of the Summit County Economic Development program.

Dimensions of measurement: PROGRAM ASSESSMENT: Dimensions of measurement: Progress: Carrying out program activities on schedule and within budget. Effectiveness: Determining whether efforts achieve prescribed objectives. Impact: Measuring positive changes in the economic environment and relating those changes to specific program efforts and activities.

North Summit High School 11/3/2017 IMPACT “Hi Jeff, I have meant to email you and ask you about this. We did select Jericho Robbins as our Business & Marketing Sterling Scholar. Is it still possible for Jericho to be a part of your entrepreneurs course? (Sorry, I can't remember the name of the program). He said he would be very interested in attending.” If not, may I still call on you during the year to help him prepare for the competition? I appreciate your help and all you have done for our students.” Thank you, Rhonda Butcher North Summit High School 11/3/2017

QUESTIONS? jjones@summitcounty.org