CoreNet Economic Development Awards Finalist: City of Farmers Branch, Texas Date: March 16, 2005 Category: Leadership & Innovation.

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Presentation transcript:

CoreNet Economic Development Awards Finalist: City of Farmers Branch, Texas Date: March 16, 2005 Category: Leadership & Innovation

JPMorgan International Plaza

JPMorgan Investment Services Tenant Rep : Staubach Company Developer: The Wilcox Group, Dallas, Tx Incentive Advisor: Stadtmauer Bailkin Biggins

Incentive Package Sales tax exemption program Tax abatement Training grant Fast track permitting process

Team Mayor and City Council Director of Economic Development City Manager & City Attorney Brookhaven College Dallas County Wilcox Development

Impact to Company $1.1 million annually in property taxes* $4.9 million in sales tax exemption $932,342 in state training grant *Estimated

Impact to City 1,650 new jobs $170,000,000 in capital investment $683,421 in administrative fee ( )