1. ECONOMIC DEVELOPMENT 2018 BUDGET DISCUSSION

2. 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).

3. 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

4. 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).

5. IMPACT
Source: EMSI Developer Q Data Set

6. 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).

7. 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.

8. 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.

9. 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.

10. 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.

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

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

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

14. “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

15. 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 Class of Worker
Working hours per year: 2,080

16. 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.

17. 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.

18. North Summit High School 11/3/2017
IMPACT
“Hi Jeff,
I have meant to 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

19. QUESTIONS? jjones@summitcounty.org