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Published byEaster James Modified over 9 years ago
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¼ - CENT S ALES T AX B UILDS J OBS
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Economic Development Sales Tax REQUEST A PPROVE AN OPTIONAL QUARTER - CENT SALES TAX FOR ECONOMIC DEVELOPMENT AT THE GENERAL ELECTION IN N OVEMBER 2010 ¢
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2006 Goshen County adopted an optional sales tax for economic development for a two- year period Leveraged local sales tax funds 7:1 Allowed Goshen County to be competitive with larger communities when contending for the UW – GE Energy Coal Research Center H ISTORY ¢
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F UNDAMENTALS OF E CONOMIC D EVELOPMENT Encourage job growth 6.4% unemployment rate in Goshen County – the highest in 12 years Success of existing businesses is top priority for GCEDC ¢
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A CCOUNTABILITY Is a nonprofit organization created in 1987 to create jobs, encourage business growth, and build on local community assets Keeps a separate accounting of all sales tax funds Enjoys strong support from local business and industry, city and county government and the citizens of Goshen County ¢ Goshen County Economic Development Corp.
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A P ROVEN T RACK R ECORD Instrumental in developing and obtaining financing for Goshen County fairgrounds Creating a community-owned cooperative, Our Clothing Store Supporting the development of Heartland BioComposites, which operates today as Natures Composites Recruiting the Wyoming Medium Correctional Facility Obtaining financing for the Alzheimer’s Unit Assisting in obtaining grant funding for the new Lincoln Center Founding the Goshen County 2-Shot Goose Hunt ¢ Goshen County Economic Development Corp.
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Business Development Blue Sun Biodiesel GE Energy/UW USE: USE: engineering, survey, research, etc. CustomizedProposals
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Business Development ACTION: ACTION: Develop Cold Springs Business Park UW-GE Companies looking for site served by public water and wastewater Shovel-ready Highway access Room for expansion Lessons Learned
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Business Development Cold Springs Business Park 66 acres – located on Highway 85 19 lots Goal is to add 200 jobs in the next 20 years Tax benefits = $7.5 million First tenant – Schlagel Mfg.
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Business Development Schlagel Manufacturing A Wyoming Corporation in its 15 th year Designs and manufacturers agricultural farm equipment, metal art, and pickup accessories Has outgrown its current facilities Will increase from 22 to 36 jobs Leveraged$3,000,000
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Community Development A community, cultural and business center 4 suites available for lease on second floor Community library Computer lab Museum Break/conference room Fitness center Leveraged$1,355,944 Before After LaGrangeHeritageSquare
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Community Development Hawk Springs CommunityBuilding Historic preservation Community gathering place Leveraged$300,000
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Community Development Goshen County Housing Study Assessment included: Demographic trends Housing stock challenges Homeownership options Rental housing availability Elderly population trends Special needs households Race, ethnicity, and housing Economic impact analysis of opening of WMCI Goshen County Housing Survey Scottsbluff/Gering housing market P URPOSE : P URPOSE : to assess the gap between the existing housing supply and the number of housing units needed Helping Goshen County establish housing and funding priorities.
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Community Development Grants and Matching Funds Fort Laramie Rendezvous Town of LaGrange Hawk Springs Community Building Association Torrington Retail Merchants Association Oregon Trail Historic By-way Platte Valley Young Professionals Network
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Conclusion ¢ Without economic development sales tax, Goshen County has very limited resources to stimulate the economy Optional sales tax is necessary for economic development to initiate business development and community enhancement projects for a greater impact in all communities
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