1 00:00:00,000 --> 00:00:13,520 - Thank you for coming today, we are starting, the cameras actually are on all of the time, 2 00:00:13,520 --> 00:00:19,360 so just to make you aware that you are being live streamed at all times to the entity that 3 00:00:19,360 --> 00:00:27,680 handles all of the cameras and microphones. However, they did turn it on at 11, so just 4 00:00:27,680 --> 00:00:36,640 to be aware that we are all, if you are seated at this table-ish, that you are being recorded. 5 00:00:36,640 --> 00:00:40,480 So at this point we do have forum and I would like to begin the City of Sitton's Economic 6 00:00:40,480 --> 00:00:46,400 Development Partnership Board meeting for Wednesday, February 9th, 2022. I want to thank everyone for 7 00:00:46,400 --> 00:00:52,080 being here and I also especially want to thank Erica and the staff for the board orientation 8 00:00:52,720 --> 00:00:58,880 that we had prior to this meeting beginning. It was very helpful. These slides have gone out 9 00:00:58,880 --> 00:01:03,600 and there's also a handbook that she mentioned that the state puts out that I think we're all 10 00:01:03,600 --> 00:01:08,080 going to get a link to and I encourage everyone to look at that. There are a lot of firms that we 11 00:01:08,080 --> 00:01:14,240 end up tossing around and it's a really great reminder of what the different types of economic 12 00:01:14,240 --> 00:01:18,080 incentives that we have available and what is available to our surrounding cities. 13 00:01:18,640 --> 00:01:27,520 We will begin with our items for consideration starting with AEDP 22-006. Consider approval of 14 00:01:27,520 --> 00:01:34,000 the minutes of November 10th, 2021. Of course, all of these were included in your packet that was 15 00:01:34,000 --> 00:01:39,920 sent out prior to today's meeting. I hope everyone has had the opportunity to review those minutes 16 00:01:39,920 --> 00:01:45,760 and at this time I will entertain a motion for approval in a second so we can get into discussion. 17 00:01:46,400 --> 00:01:55,680 Second. All right it has been moved and seconded to approve the minutes of November 10th, 2021. 18 00:01:55,680 --> 00:02:04,320 I'm sorry I do second at that please. Thank you. Are there any edits that are needed? Are there any 19 00:02:04,320 --> 00:02:10,320 comments regarding the minutes as they were distributed? Hearing none all those in favor 20 00:02:10,320 --> 00:02:16,800 of approval please signify by saying aye. All those opposed please signify by saying nay. And 21 00:02:16,800 --> 00:02:26,400 the motion carries unanimously. We are on fire people let's keep going. Item B EDP 22-010. Receive 22 00:02:26,400 --> 00:02:32,240 a report hold the discussion give staff direction and make a recommendation to city council regarding 23 00:02:32,240 --> 00:02:39,680 the city of Denton's policies for tax abatement and incentives. No small task. Take us through it 24 00:02:39,680 --> 00:02:45,680 Erica. Good morning my name is Erica Sullivan. I'm the economic development program administrator 25 00:02:45,680 --> 00:02:53,840 and I'm going to be providing a presentation on incentive policy today. So our objective today is 26 00:02:53,840 --> 00:02:59,360 to overview the recommended incentive policy changes that update and align with our new strategic 27 00:02:59,360 --> 00:03:05,200 plan and council priorities and seek direction from this board regarding those changes and updates. 28 00:03:07,680 --> 00:03:12,160 We're going to be talking about four areas today. We're going to be talking about the policy history, 29 00:03:12,160 --> 00:03:17,920 the economic development tools that we use, the proposed changes and then the internal processes 30 00:03:17,920 --> 00:03:28,080 and the next steps. We begin with the policy history. The city of Denton policy for tax abatement 31 00:03:28,080 --> 00:03:34,560 and incentives. The first tax abatement policy was created in 1989. This was followed with updates 32 00:03:34,560 --> 00:03:42,960 that included green incentives in 2010 and again refined in 2012. The policy also was broadened to 33 00:03:42,960 --> 00:03:49,440 include chapter 380 at the local government code and address a wider range of programs in 2014. 34 00:03:49,440 --> 00:03:55,280 Retail was addressed definitions were added these were sales tax definitions and then two of our 35 00:03:55,280 --> 00:04:00,240 programs our investment fund and aircraft incentive were incorporated into the policy 36 00:04:00,240 --> 00:04:07,200 with the 2018 update. 2020 was the most recent update there were very minor changes because we 37 00:04:07,200 --> 00:04:14,960 knew we were going to incorporate our strategic plan. We'll go over some economic development 38 00:04:14,960 --> 00:04:19,040 tools this will help frame it for those of you that were in the orientation. It's just another 39 00:04:19,040 --> 00:04:24,240 refresher but it'll frame why we made some of the changes and what the policy details. 40 00:04:25,920 --> 00:04:32,320 So the first is tax abatement. Tax abatements are regulated by chapter 312 of the Texas tax code. 41 00:04:32,320 --> 00:04:37,360 They can offer a partial or full exemption in property taxes for a 10 year period. 42 00:04:37,360 --> 00:04:41,920 How it works a property owner receives a statement from the appraisal district it's a reduction of 43 00:04:41,920 --> 00:04:47,200 the percentage that they received in their abatement agreement and then they pay that net amount. 44 00:04:48,720 --> 00:04:57,760 We have currently 11 tax abatements our most recent with tyson foods in 2019. 45 00:04:57,760 --> 00:05:03,360 The next is our chapter 380 of the local government code chapter 380 is very broad 46 00:05:03,360 --> 00:05:09,200 this is literally half a page of regulations for chapter 380 local government code and this gives 47 00:05:09,200 --> 00:05:14,800 the city the ability to offer loans and grants cash grants for different services and to stimulate 48 00:05:14,800 --> 00:05:20,320 economic activity. How it works they must be budgeted in fact we prepare a five-year forecast 49 00:05:20,320 --> 00:05:26,560 the current budget and five years out to plan. After the grantees met their threshold 50 00:05:26,560 --> 00:05:32,320 and they pay their property taxes is when we will rebate and actually pay a check for the 51 00:05:32,320 --> 00:05:41,280 Here is a summary that kind of goes over the different type of things that we've discussed. 52 00:05:41,280 --> 00:05:46,960 So the first is the tax grant type so you have tax abatement and this is property taxes that 53 00:05:46,960 --> 00:05:52,560 it's dealing with then you have a rebate so we discussed a rebate that can be property sales hot 54 00:05:52,560 --> 00:05:57,280 which is hotel occupancy tax it can also be mixed purge we have one case of that. 55 00:05:57,280 --> 00:06:02,400 We have expansion grants these are cash grants and we have a job-based grant it's also cash 56 00:06:02,400 --> 00:06:06,480 grant so then you have the agreement type so the first would be a tax abatement agreement 57 00:06:06,480 --> 00:06:12,960 and that's under chapter 312 and then we have our chapter 380 for the next three. The third 58 00:06:12,960 --> 00:06:17,760 column has our program it's our tax abatement program our rebate or chapter 380 program and 59 00:06:17,760 --> 00:06:22,880 then we have our entrepreneur tech and business expansion grants and then we have our entrepreneur 60 00:06:22,880 --> 00:06:28,320 tech and business knowledge and high wage jobs grants and then the fourth column has our source 61 00:06:28,320 --> 00:06:34,000 of funds so again we talked about tax abatements it's a reduction in your bill and then we have a 62 00:06:34,000 --> 00:06:39,280 cost share of property sales hot from these beverage taxes and then the source of funds for 63 00:06:39,280 --> 00:06:45,360 our expansion our cash grants is our investment funds so our investment fund receives 150 000 64 00:06:45,360 --> 00:06:50,720 every year and that comes from mixed beverage taxes. We try to keep that nexus kind of closed 65 00:06:50,720 --> 00:06:54,720 and then we have the statutes that I mentioned these are the regular regulatory 66 00:06:54,720 --> 00:07:00,000 the tax code chapter 312 for tax abatements and the local government code for chapter 380. 67 00:07:04,480 --> 00:07:10,640 The proposed changes of the policy we're going to go by them step by step in each area before we 68 00:07:10,640 --> 00:07:15,040 move on the most significant change to the policy and the reason we went over some of the economic 69 00:07:15,040 --> 00:07:20,240 development tools is we've separated our tax abatement and incentive policy for a tax abatement 70 00:07:20,240 --> 00:07:25,520 policy that just addresses tax abatements and our chapter 380 policy now this addresses three 71 00:07:25,520 --> 00:07:30,400 things our rebates our cash grants and our job-based grants as well as incorporating all of 72 00:07:30,400 --> 00:07:35,200 our programs under one single umbrella so we have our airport grant we have our investment fund 73 00:07:35,200 --> 00:07:41,840 grant and our entrepreneurial grants under one umbrella and it also makes it easier if you have 74 00:07:41,840 --> 00:07:46,000 one entity that only needs one type of policy they'll only receive one and they're written so 75 00:07:46,000 --> 00:07:51,920 they can stand on their own. So some of the tax abatement considerations we talk about chapter 76 00:07:51,920 --> 00:07:59,360 312 that regulates tax abatement it requires us to have policy criteria or guidelines every two years 77 00:07:59,360 --> 00:08:03,440 that's why we keep seeing these in the history we have to remove renew them every two years and 78 00:08:03,440 --> 00:08:08,640 we can't grant the tax abatement during that two-year period if we want to amend or repeal it we 79 00:08:08,640 --> 00:08:12,640 need three-quarter we need a super majority vote in order to do that which makes it a little bit 80 00:08:12,640 --> 00:08:17,600 more difficult not impossible but a little bit more challenging to amend during that two-year 81 00:08:17,600 --> 00:08:22,960 period and then the government body must hold a public hearing these are new this particular 82 00:08:23,520 --> 00:08:30,080 policy update and the last policy update in 2020 incorporated the new policy changes to 312 where 83 00:08:30,080 --> 00:08:34,640 we have to hold a public hearing now and then I also want to highlight and note that Jett and 84 00:08:34,640 --> 00:08:39,520 Canyon will participate in tax abatements but they will not participate in chapter 381 which is a 85 00:08:39,520 --> 00:08:47,200 county equivalent of chapter 383 cities. So those are some considerations that led to some of the 86 00:08:47,200 --> 00:08:57,280 changes that we proposed. Sure the public hearings is that something that is mandated by state law 87 00:08:57,280 --> 00:09:05,200 or is that that's the Texas tax code chapter 312 great thank you. Erica on that is the governing 88 00:09:05,200 --> 00:09:10,960 body or the government body is that city council then since the county is not participating that's 89 00:09:10,960 --> 00:09:18,240 exclusively city council the city council is our governing body yes. So the proposed changes one of 90 00:09:18,240 --> 00:09:23,680 the first changes that we made is incorporating the city values so these are integrity transparency 91 00:09:23,680 --> 00:09:29,520 inclusion fiscal responsibility and outstanding customer service these are public resources we 92 00:09:29,520 --> 00:09:38,400 want to make sure that we're including our city's core values. The proposed changes of policy dealing 93 00:09:38,400 --> 00:09:42,560 with the strategic plan so if you were here for the orientation you know a little bit about these 94 00:09:42,560 --> 00:09:46,480 so we've got our five guiding principles this is what establishes the framework and this is 95 00:09:46,480 --> 00:09:51,680 our core resiliency we want to be future focused we want to be inclusive have inclusive growth in 96 00:09:51,680 --> 00:09:57,360 the city entrepreneurial spirit and cultural vitality in addition to the five guiding principles 97 00:09:57,360 --> 00:10:02,080 of the strategic plan we've also incorporated into both policies the three major goals so we 98 00:10:02,080 --> 00:10:08,560 want to accelerate recovery we want to foster growth and we want to strengthen community inclusion. 99 00:10:08,560 --> 00:10:15,600 Where did these come from is this direction from council to include in our economic development 100 00:10:15,600 --> 00:10:23,040 policy or is this from staff's recommendation or a little bit of both Jessica did present to council 101 00:10:23,040 --> 00:10:27,520 when we she presented our strategic plan that we will be aligning our policy we are now aligning 102 00:10:27,520 --> 00:10:32,960 our policies it was approved last year this is the current time that we'd normally update our 103 00:10:32,960 --> 00:10:39,200 policies it's actually set to expire at the end of march so these are the five guiding principles 104 00:10:39,200 --> 00:10:45,040 from our strategic plan that we're incorporating into our policy and also the three main goals into 105 00:10:45,040 --> 00:10:53,680 our policies. And so we are to incorporate these as we consider recommendations that we make to 106 00:10:53,680 --> 00:10:58,320 council is that the intent yes just to be have this combined effort we've never included the 107 00:10:58,320 --> 00:11:07,360 city goals as well we're trying to make it all inclusive. In order to implement it it's better 108 00:11:07,360 --> 00:11:11,760 if we include it in all of our policies and people can see what our framework and direction it is. 109 00:11:11,760 --> 00:11:19,280 So proposed changes also involve strategic growth areas we're used to targeted industry sectors in 110 00:11:19,280 --> 00:11:25,520 our policy our strategic plan instead has strategic growth areas now they after council direction they 111 00:11:25,520 --> 00:11:32,080 did create a document that combines the industry code and it makes with these strategic growth 112 00:11:32,080 --> 00:11:35,840 areas and we're going to go over each one individually but they're connective creative 113 00:11:35,840 --> 00:11:44,480 sustainable and competitive. You have this center table because it is a little bit hard to read you 114 00:11:44,480 --> 00:11:49,360 will go over it in each section but you can see how you have the strategic growth area on the left 115 00:11:49,360 --> 00:11:53,360 you've got your industry code your NAICS and then the description of what that would be and this is 116 00:11:53,360 --> 00:11:59,520 at the three digits NAICS can go much much deeper but the list would have been way too long so there 117 00:11:59,520 --> 00:12:04,240 may be some businesses that aren't don't appear here in the description that are in the same family 118 00:12:04,240 --> 00:12:12,240 that we call. So our first one is our strategic growth area connective so this will be your 119 00:12:12,240 --> 00:12:17,920 electrical this is your telecommunications it also has support service transportation as well 120 00:12:17,920 --> 00:12:22,400 you'll see all the different NAICS codes I won't read all of them here but you can see these are 121 00:12:22,400 --> 00:12:31,120 involved in cultivating connective. Our next strategic growth area is creative that's really 122 00:12:31,120 --> 00:12:35,520 important for them so we have our printing services our publishers our engineering architectural 123 00:12:35,520 --> 00:12:39,920 services the first one is our largest the next three will be a little bit smaller. 124 00:12:42,800 --> 00:12:48,560 The third strategic growth area is sustainable we want to be great this ranges from utilities 125 00:12:48,560 --> 00:12:53,600 like Denton Municipal Electric to solid waste processing as well as some things in between 126 00:12:53,600 --> 00:13:02,560 construction and furniture manufacturing. Then we have our final strategic growth area competitive 127 00:13:02,560 --> 00:13:08,000 so you have financing you have insurance you have educational services and you have your medical. 128 00:13:10,320 --> 00:13:22,000 So we're incorporating the strategic plan there's certain things that need to be addressed in 129 00:13:22,000 --> 00:13:26,480 understanding the strategic plan so of course we included some definitions so you have the ecosystem 130 00:13:26,480 --> 00:13:30,960 that talks about the different elements anchor institutions for cultivating these strategic growth 131 00:13:30,960 --> 00:13:36,160 areas. Then we have the North American industry classification system that defines that system 132 00:13:36,160 --> 00:13:45,440 that we're using for our strategic growth areas. We have some proposed changes our job-based grant 133 00:13:45,440 --> 00:13:50,800 this is our our entrepreneurial program and our job-based grants and they've been incorporated 134 00:13:50,800 --> 00:13:57,120 into our chapter 380 policy. So we have an expansion a relocation grant this is a one-time 135 00:13:57,120 --> 00:14:02,720 grant and this can be used for relocating reimbursement for furniture fixtures and equipment 136 00:14:02,720 --> 00:14:08,800 permitting fees necessary site upgrades it could be infrastructure like fiber for example for 137 00:14:08,800 --> 00:14:14,560 our entrepreneurial grants. Job-based grants this is a performance-based stratified job-based grant 138 00:14:14,560 --> 00:14:20,080 based on the different wages that they have and this is provided once per year on each new eligible 139 00:14:20,080 --> 00:14:26,080 job added and then in addition to that we've established a residency bonus grant we want the 140 00:14:26,080 --> 00:14:31,680 people that we employ also to be residents of Denton we want to encourage that so that may be 141 00:14:31,680 --> 00:14:37,040 granted for each eligible new job with a primary dwelling in the city limits of Denton during the 142 00:14:37,040 --> 00:14:45,040 coverage period. Before we move on I've got a question so job-based grants is that just 143 00:14:45,040 --> 00:14:52,400 I mean anyone that adds a position can apply to be to receive a grant for having a new hire? 144 00:14:52,400 --> 00:14:58,960 No okay so in our investment fund there are three criteria currently you have to be a targeted 145 00:14:58,960 --> 00:15:04,000 industry center now it's strategic growth areas you have to have a capital investment 15 million 146 00:15:04,000 --> 00:15:08,240 and you have to have knowledge based or high-end jobs you're required to meet two of the three not 147 00:15:08,240 --> 00:15:13,120 all three but two others the next slide will actually go over the wage thank you thank you 148 00:15:13,120 --> 00:15:20,480 okay so the three criteria is a targeted industry sector which is now because we're updating that 149 00:15:20,480 --> 00:15:24,960 policy is now strategic growth area to be in the line with that once this is approved with the 150 00:15:24,960 --> 00:15:29,360 strategic plan we also have to approve that ordinance it goes along with that but we'll 151 00:15:29,360 --> 00:15:33,760 discuss that later in the presentation so then we also need a capital investment of at least 15 152 00:15:33,760 --> 00:15:45,680 million and then oh how many okay so oh high-wage jobs so what we're going to discuss right now 153 00:15:45,680 --> 00:15:51,680 those are the three they have to be two of the three so at here we're talking about the high-wage 154 00:15:51,680 --> 00:15:57,600 jobs you're used to seeing this in our policy means having an average annual wage of 65,000 155 00:15:57,600 --> 00:16:04,080 or greater for all positions or at least 25 making 75 or greater there is one change to this we've 156 00:16:04,080 --> 00:16:12,400 increased it so it used to be 55 for all positions and 65 for all 25 having that upgraded the only 157 00:16:12,400 --> 00:16:16,800 incentives that we've awarded have been 65 or higher and we think that that makes more sense 158 00:16:16,800 --> 00:16:21,760 when the investment policy was approved it was in 2016 so we've adjusted that and 159 00:16:21,760 --> 00:16:26,800 we'll see how it works if we need to adjust it we can but so far it's worked well at 65 or higher 160 00:16:26,800 --> 00:16:35,920 yes so i have a quick question have you worked with the with twc they have that website that 161 00:16:35,920 --> 00:16:42,160 has helps you calculate uh child care cost etc etc you know because i think we sometimes get into 162 00:16:42,720 --> 00:16:49,200 to a top line revenue number and then it you know you it subtracts out kind of some of those other 163 00:16:49,200 --> 00:16:54,640 costs to give you a kind of feel for what hits the bottom line to if that incentivizes people 164 00:16:54,640 --> 00:16:59,680 to come back to work or if it's cost prohibitive we haven't directly worked with that we have 165 00:16:59,680 --> 00:17:05,600 addressed child care in the incentive which we will get to later we do look at living wage you 166 00:17:05,600 --> 00:17:10,720 used to have city-wide goals that would go with hud living wage requirements we don't have those 167 00:17:10,720 --> 00:17:15,520 city-wide plans that we're implementing now okay but we will go into child care and we'll get 168 00:17:15,520 --> 00:17:22,000 great so we talked about the higher wage now we have two different things for uh we talked about 169 00:17:22,000 --> 00:17:27,600 our bonus like a residency bonus council actually separated the idea of the residency bonus that 170 00:17:27,600 --> 00:17:35,120 this board recommended so with safran they wanted to to establish a higher wage for those that were 171 00:17:35,120 --> 00:17:41,280 established residents versus new residents so we we came up with these definitions for those particular 172 00:17:41,280 --> 00:17:45,680 agreements so we have an established resident so this is eventual hired by grantee with a primary 173 00:17:45,680 --> 00:17:53,360 residence in the city limits at the time of employment and then we have a new residence 174 00:17:53,360 --> 00:17:58,400 that was hired with a primary dwelling outside the city limits at the time of employment and then they 175 00:17:58,400 --> 00:18:05,600 moved here later and they received different levels 300 and 700 in case of saffron the staff 176 00:18:05,600 --> 00:18:11,840 recommendation from this board was 500 and it's split to encourage more from local local hires 177 00:18:11,840 --> 00:18:18,560 so we have a stratified job-based grant table that we've used where you've seen for the technology 178 00:18:18,560 --> 00:18:23,040 grants that we've brought forth but we want to put it in the policy so that they it's clear to all 179 00:18:23,040 --> 00:18:27,440 that want to apply for the program so we have a stratified job-based grant you see the different 180 00:18:27,440 --> 00:18:32,480 cohorts and then as the weight is increased so does the eligible grant for new job 181 00:18:32,480 --> 00:18:40,320 and then we have the proposed changes our factors in consideration to use to seeing these in the 182 00:18:40,320 --> 00:18:46,880 policy they've been updated and more closely tied to the strategic plan and the council priorities 183 00:18:46,880 --> 00:18:52,800 so you have an evaluation matrix at your table this is the first matrix that we've ever created 184 00:18:52,800 --> 00:18:57,200 for scoring and it combines our strategic growth areas remember this replaced our targeted 185 00:18:57,200 --> 00:19:04,480 industry sectors our public benefit factors and then our priority considerations we'll go over 186 00:19:04,480 --> 00:19:09,200 each section one by one as well but i wanted you to see the document it's hard to read here 187 00:19:09,200 --> 00:19:17,040 so you have a point structure assigned to each of these and the total points is 120 a lot of these 188 00:19:17,040 --> 00:19:22,240 won't be met by every project and we'll see how this works and we might need to adjust it later 189 00:19:24,800 --> 00:19:32,800 and is this for staff's use is this for our use in consideration or is this something that has to be 190 00:19:32,800 --> 00:19:41,120 presented is this advisory or is this compulsive i guess is my question okay so if those of you 191 00:19:41,120 --> 00:19:45,040 are familiar with the downtown reinvestment grant program they have a score sheet we're 192 00:19:45,040 --> 00:19:50,480 proposing a score sheet for the first time ever for our incentive programs here it's a more 193 00:19:50,480 --> 00:19:56,560 apples apples comparison if people have questions we have a document we can rely on and this is the 194 00:19:56,560 --> 00:20:01,440 first document that we've created so i expect that we'll need to adjust it and if you have 195 00:20:01,440 --> 00:20:07,280 recommendations for adjustment this is this is where we'll be doing that as well who fills us out 196 00:20:07,280 --> 00:20:13,040 who makes the judgment on this staff will be doing part of it we'll use it internally 197 00:20:13,040 --> 00:20:18,640 we normally do something like this internally anyway we have a component like with all of our 198 00:20:18,640 --> 00:20:23,120 analysis we put on the bottom what because we have a section of our application that has what they 199 00:20:23,120 --> 00:20:28,080 need as far as being priority considerations are they environmental are they using local 200 00:20:28,080 --> 00:20:32,560 contractors that type of thing and so we already checked that and that usually gives them a higher 201 00:20:32,560 --> 00:20:38,880 rate in our calculations and then we have a table policy that we look at per year so we do some of 202 00:20:38,880 --> 00:20:43,920 this internally but now we want to make it to where everyone can use it the whole board can use it 203 00:20:44,480 --> 00:20:48,880 and we're organizing synthesizing things and we want to make sure that you can be utilized by 204 00:20:48,880 --> 00:20:54,960 everybody like i said it went from more apples to apples comparisons probably so with hypothetically 205 00:20:54,960 --> 00:21:02,000 each of us on this board would fill this out for a potential incentive and then do these then get 206 00:21:02,000 --> 00:21:08,240 put before council is this something that as chair i would collect and we can collect and we can 207 00:21:08,240 --> 00:21:13,920 score and then the total score would be presented to council similar to what we do at the downtown 208 00:21:13,920 --> 00:21:18,240 program and what i did in the past working for a council of government when we did school grads 209 00:21:18,240 --> 00:21:24,880 but ultimately are you trying to look for some type of threshold to say invest minimally be 210 00:21:24,880 --> 00:21:31,360 acceptable we do have thresholds the tax abatement policy has a valuation threshold we do have 211 00:21:31,360 --> 00:21:37,680 threshold requirements in our investment fund staff is not going to make you have to make sure 212 00:21:37,680 --> 00:21:42,400 it's complete before you receive it you won't receive something that doesn't meet the requirements 213 00:21:42,400 --> 00:21:45,440 now it might not remove obvious that they're not going to meet every requirement 214 00:21:45,440 --> 00:21:54,000 right it just seems to hamstring a bit our ability to give more weight to certain 215 00:21:54,000 --> 00:22:00,720 areas is my only and we can do that right now we can do that if you think that uh 216 00:22:00,720 --> 00:22:09,840 as opposed to like 10 10 10 well maybe this is a 50 you know on this and it might outweigh 217 00:22:09,840 --> 00:22:14,960 you know that they're not maybe as balanced uh anyways but those are just my initial thoughts 218 00:22:14,960 --> 00:22:20,880 were i initially put more weight to um i had 15 points on higher wage jobs but then revised it 219 00:22:20,880 --> 00:22:26,080 since we had knowledge-based jobs as well so we played with it a little week i sent it out 220 00:22:26,080 --> 00:22:30,560 internally as well you'll receive comments back on that and that's where i want your 221 00:22:30,560 --> 00:22:35,120 your feedback and we'll go over it individually and it might be easier to get feedback on it then 222 00:22:36,640 --> 00:22:41,760 but this is something place to start from i want to do most of the work for you before you receive 223 00:22:41,760 --> 00:22:46,960 it and then we can adjust is work i would i would just add i think the benefit of having 224 00:22:46,960 --> 00:22:51,760 you know we can have a policy conversation of what how we rank these and what weight you 225 00:22:51,760 --> 00:22:55,840 want to put on it the benefit of having a policy and the scorecard is when we're having those 226 00:22:55,840 --> 00:23:00,400 conversations with folks coming in and looking for these incentives we can say here's what we're 227 00:23:00,400 --> 00:23:06,160 looking for and it's not a case-by-case situation it makes those conversations at the staff a lot 228 00:23:06,160 --> 00:23:10,960 easier if we have it they're finding the policy here's the way we're going to put on each of the 229 00:23:10,960 --> 00:23:18,800 attributes i definitely couldn't see the value of that my there's just um in real life it's a 230 00:23:18,800 --> 00:23:25,760 little more fuzzy than max 10 max 5 that was my only concern but i i think there's of course 231 00:23:25,760 --> 00:23:30,160 there's going to be a way that we can meet somewhere to make it work for the board and 232 00:23:30,160 --> 00:23:35,920 if we just adopt it with the 380 policy we can adjust it within the two years relatively easily 233 00:23:37,120 --> 00:23:41,440 so that's and is that something that we vote on or something that council then votes on to 234 00:23:41,440 --> 00:23:47,760 impose on this board it depends how we want to structure it okay and i'll look to guidance here 235 00:23:47,760 --> 00:23:53,360 we can have it as a formal attachment right now for example our application our incentive application 236 00:23:53,360 --> 00:23:59,360 is included as an attachment but we can amend it not the policy in the interim you know if we have a 237 00:24:00,720 --> 00:24:06,320 a new distribution a new sector to add in the past or do some minor things well one of the changes 238 00:24:06,320 --> 00:24:11,440 most recent changes we made was we wanted to know that truck trip traffic how many truck trips 239 00:24:11,440 --> 00:24:16,000 truck trips in and out particularly for jim crystal in our industrial area so that's one 240 00:24:16,000 --> 00:24:21,360 question we added so we had the ability to do that but we couldn't change the policy in there 241 00:24:21,360 --> 00:24:26,000 in the room i see this being more like that although i would like the half council adopted 242 00:24:26,000 --> 00:24:32,080 at least with the chapter 380 adopt the idea and the point structure and they then you know we make 243 00:24:32,080 --> 00:24:37,600 a recommendation to council council may revise that but at least we are the advisory body with 244 00:24:37,600 --> 00:24:44,240 the background that we have already chosen for the economic development partnership i think the key 245 00:24:44,240 --> 00:24:48,720 point that maybe just we're trying to make here is council is going to have a little discretion 246 00:24:48,720 --> 00:24:53,360 in what they do and someone might score really high on this and council still turned it down 247 00:24:54,000 --> 00:24:58,320 someone might score low on this and council still approves it for a higher amount so i think maybe 248 00:24:58,320 --> 00:25:03,120 we need to build that flexibility in the policy to say this is a tool that helps guide it and make 249 00:25:03,120 --> 00:25:08,240 it fair it gives us some basis to review these but it's not going to be something that is going to be 250 00:25:08,240 --> 00:25:13,200 held against the applicant or against councils really and how they vote on any type of incentive 251 00:25:13,200 --> 00:25:17,120 i can give you an idea so what peterville is going to expand the tax base they're going to 252 00:25:17,120 --> 00:25:23,680 receive very high points in that particular area but an entrepreneurial grant team of defenders 253 00:25:23,680 --> 00:25:28,080 is not but they are going to score really high in knowledge-based jobs so it's going to vary 254 00:25:28,080 --> 00:25:32,240 depending on the project and like i said we may need to adjust it in the future we might need a 255 00:25:32,240 --> 00:25:37,840 separate scorecard for small grant programs or entrepreneurial programs but at least we have one 256 00:25:37,840 --> 00:25:42,240 that we're starting from being that we haven't had a scoring structure i guess i just want to 257 00:25:42,240 --> 00:25:46,000 make sure we have some flexibility as well as council as far as saying hey it seemed to score 258 00:25:46,000 --> 00:25:51,920 really low on a certain area however we get an a plus even though it didn't score numerically 259 00:25:52,800 --> 00:25:59,280 the way that the matrix set forth i'm sorry that's a really good point um so when we're picking 260 00:25:59,280 --> 00:26:05,440 movies to watch with the kids we use a website called common sense media and it reviews parents 261 00:26:05,440 --> 00:26:09,120 get to review the movies and the kids get to review the movies i don't know who these kids 262 00:26:09,120 --> 00:26:14,720 are who are reviewing movies but but they do and the kids say it's appropriate for these ages and 263 00:26:14,720 --> 00:26:17,920 the parents say it's appropriate for these ages and sometimes the kids tell you yeah you shouldn't 264 00:26:17,920 --> 00:26:22,320 let your kids watch this movie but my point is there are two different groups of people with two 265 00:26:22,320 --> 00:26:26,080 different perspectives and they're both really important for the decision i'm wondering if it 266 00:26:26,080 --> 00:26:33,120 wouldn't be useful for the council to get uh the staff score staff scored this this package at 267 00:26:33,120 --> 00:26:38,160 this and if you want to see the sheets or you want to see the averages or whatever you can look at 268 00:26:38,160 --> 00:26:47,040 that and see what staff thought about each of these areas the edp uh eppb excuse me scored it 269 00:26:47,040 --> 00:26:51,840 here when they were reviewing the incentive and if you want to see their averages you can 270 00:26:52,320 --> 00:26:56,400 then maybe council can get some additional information from that by seeing what two 271 00:26:56,400 --> 00:27:02,240 different sets of eyes with different perspectives how they scored it and then ultimately like max 272 00:27:02,240 --> 00:27:08,320 said or and uh jill kind of reiterated i mean council could say well yeah great you you scored 273 00:27:08,320 --> 00:27:14,560 in this range but but really what we're looking for today on this council from this policy body is 274 00:27:14,560 --> 00:27:19,680 this kind of this kind of business or something that just isn't measured here or whatever 275 00:27:20,640 --> 00:27:27,120 but i feel like the more data council's provided from various perspectives it maybe helps them 276 00:27:27,120 --> 00:27:34,160 better better hue to the strategic plan and the uh the reason why we have these these areas 277 00:27:34,160 --> 00:27:39,680 defined in the first place and that's an excellent idea it could be as simple as having a comment 278 00:27:39,680 --> 00:27:45,120 section so we can say although this isn't reflected we would like this considered i think we've got two 279 00:27:45,120 --> 00:27:51,440 comments first with mr gains and then mr edgar go ahead sure i i think i in correct when you're 280 00:27:51,440 --> 00:27:56,400 asking that threshold question you're kind of saying is there a number that it has to be over 281 00:27:56,400 --> 00:28:01,200 i think a benefit of not having a threshold as we're talking about where to lay on the 120 282 00:28:01,200 --> 00:28:07,200 is that it allows more flexibility where you can have okay hey this didn't hit whatever came over 283 00:28:07,200 --> 00:28:10,800 the threshold there could be one that comes forward that doesn't hit the threshold based on 284 00:28:10,800 --> 00:28:15,200 the numbers but you can have all the considerations so i think we just know the max is 120 here's how 285 00:28:15,200 --> 00:28:19,600 it's scored but then you're you're taking everything in your account yeah i was trying to make sure we 286 00:28:19,600 --> 00:28:27,600 stay away from a threshold right because you're i'm not a big fan of points system because it 287 00:28:27,600 --> 00:28:33,120 really should all still lead you to the strategic plan and where we're trying to go rather than the 288 00:28:33,120 --> 00:28:40,080 flat and then hopefully this is not decent enticing people to not go and get incentives or not come 289 00:28:40,080 --> 00:28:48,560 here because of something because it might scare people away master edgar yeah that's actually 290 00:28:48,560 --> 00:28:56,960 i agree and that's my concern is if you score low that company or that industry can say 291 00:28:56,960 --> 00:29:02,640 no need to take it forward if this is your scoring mechanism and i scored this low 292 00:29:02,640 --> 00:29:09,120 there are other cities for me to look at and and just pivot that would be my concern and 293 00:29:10,560 --> 00:29:17,440 approaching it on purely a point basis as well and maybe somehow couching it as advisory other than 294 00:29:17,440 --> 00:29:23,760 two plus two equals four or you know you're in or you're out right we do something similar when we 295 00:29:23,760 --> 00:29:28,400 evaluate businesses that we select business awards we don't assign a point structure we could remove 296 00:29:28,400 --> 00:29:34,240 the point structure and these are just the criteria that we look at historically with the incentive 297 00:29:34,240 --> 00:29:40,720 policy at one point we had that you the base policy particularly of tax evasion was 25 and every one 298 00:29:40,720 --> 00:29:45,920 of these considerations that you meet limit five previous limit policy prior to the 2020 i think 299 00:29:45,920 --> 00:29:52,240 prior to 18 i've been here a long time but then you it would increase that percentage your abatement 300 00:29:52,240 --> 00:29:57,440 percentage so it would take us a long time to get someone up just up to 50 to give you an idea so we 301 00:29:57,440 --> 00:30:01,680 kind of got away from that and we've done some of the case by case but we still internally utilize 302 00:30:01,680 --> 00:30:07,360 some of those programs so we could do it similar to the way that we do our awards and not assign 303 00:30:07,360 --> 00:30:11,520 the point structure but let them know that these are the things that we look at we could simply 304 00:30:11,520 --> 00:30:19,040 take off that column and the points listed there you know i i agree that a point structure can be 305 00:30:19,040 --> 00:30:25,040 really limiting but i also feel like i don't think it should be at all dispositor i don't think you 306 00:30:25,040 --> 00:30:29,920 should if you don't meet the threshold you're you're out and there's no there's no other policy 307 00:30:29,920 --> 00:30:35,440 consideration to be taking into account but at the same time i worry about taking it out because 308 00:30:35,440 --> 00:30:39,280 i think the benefit of the exercise we went through over the last couple of years getting 309 00:30:39,280 --> 00:30:45,680 the strategic plan together is strategic long-term uh you know they may be adjusted but they're 310 00:30:45,680 --> 00:30:51,040 generally going to be the same uh the same values the same criteria the same targets 311 00:30:51,040 --> 00:30:56,640 over a long period of time i feel that there's not a point that there's not some kind of guideline 312 00:30:56,640 --> 00:31:00,640 of here's how we here's how we rank these things or here's how we consider these things in the 313 00:31:00,640 --> 00:31:06,720 process then it it turns into by the time it gets to council i like this one i don't like this one 314 00:31:06,720 --> 00:31:12,800 i like it for some external reason that's specific to my particular policy interests or i like it 315 00:31:12,800 --> 00:31:18,400 because it's a cool sector i think didn't not have more of that even though nobody else has thought 316 00:31:18,400 --> 00:31:25,200 that for however long you know like the issue that i'm trying to be delicate with is when the 317 00:31:25,200 --> 00:31:30,000 council is ultimately making the decision it's a body of laypeople different professions it 318 00:31:30,000 --> 00:31:35,840 changes every every may you're going to get potential for a new council and if there's not 319 00:31:35,840 --> 00:31:41,120 something that says here's here's the vision we all agreed upon at some point in some way to kind 320 00:31:41,120 --> 00:31:48,160 of gently remind that we're following a path that we've decided already otherwise it's a little 321 00:31:48,160 --> 00:31:56,160 unmoored in our direction so i like points as an advisory advisory thing i'll just say i think 322 00:31:56,160 --> 00:32:01,040 that's a good point and maybe one thought would be to say as opposed to like pass or fail you've got 323 00:32:01,040 --> 00:32:08,320 like you know from 80 to 100 very strong the next section strong neutral you know lacking in some 324 00:32:08,320 --> 00:32:12,320 areas the way that it's couched i think we had a couple people comments we'll start with the 325 00:32:12,320 --> 00:32:18,160 mayor hits us and then we'll go to mr yeah no i think that what i'm hearing and great points i think 326 00:32:18,160 --> 00:32:24,880 maybe it's uh there's a bare minimum so you keep the points but it's like whatever 20 points goes 327 00:32:24,880 --> 00:32:29,680 on to the next level so you know then that all the points are there but it doesn't disenfranchise 328 00:32:29,680 --> 00:32:34,960 someone they're like oh i can i can meet the minimum threshold to go forward and i think we 329 00:32:34,960 --> 00:32:39,600 have a great product we'll do well but it's not discouraging if someone says hey you know 330 00:32:40,240 --> 00:32:46,000 it just kind of gives them a hey please apply the barrier is low to move forward in this process but 331 00:32:46,000 --> 00:32:52,480 uh kind of you know maybe there's a way to just set the prompt the points very low to move forward 332 00:32:52,480 --> 00:32:57,840 and and that then doesn't discourage anyone and and i if you don't like points i wish you 333 00:32:57,840 --> 00:33:07,760 would have been my high school teacher you know i think i tend to agree with if i was i try to 334 00:33:07,760 --> 00:33:12,320 put myself in your shoes sitting on council and looking if you're not intimately involved in these 335 00:33:12,320 --> 00:33:17,760 meetings right so if i'm sitting on council like you're trying to make a decision it would give 336 00:33:17,760 --> 00:33:25,680 me some guidance from what staff says and if if we as a board you know kind of agree on this you 337 00:33:25,680 --> 00:33:32,320 know or fill this out individually or as a group make that decision so maybe one comes from the 338 00:33:32,320 --> 00:33:38,000 group from us to say okay this is kind of the points that as a group we agree on for this incentive 339 00:33:38,000 --> 00:33:44,080 so you guys get one from staff one from this board cohesively so you're not looking through 340 00:33:44,080 --> 00:33:48,720 but i think it's important that we don't we make it advisory only we don't do anything that says 341 00:33:48,720 --> 00:33:53,760 this is concrete because this can be interpreted in so many different ways and another thing i 342 00:33:53,760 --> 00:33:58,480 think would be is a comment section you know i know there's lots of comments that come out of it 343 00:33:58,480 --> 00:34:04,240 but if we're if if i'm sitting on council and somebody's handing me something and i as a board 344 00:34:04,240 --> 00:34:08,720 we've said okay this is how we're rating this company there may be some objective things that 345 00:34:08,720 --> 00:34:13,360 we have an opinion on that need to be put out there i don't know if that's head would be hopefully 346 00:34:13,360 --> 00:34:18,320 you guys on council in making those ultimate decisions because we're advisory so i believe 347 00:34:18,320 --> 00:34:23,200 this should be advisory also not something concrete or have a minimum i don't know y'all's 348 00:34:23,200 --> 00:34:28,720 thoughts on that who you guys have said on council but i'd like to hear that all right we've got 349 00:34:28,720 --> 00:34:38,080 just to add i think where you were going all of you is rather than a number of points it's at 350 00:34:38,080 --> 00:34:43,760 that point hit if we say hey this is where the points are at it falls in a range so when it goes 351 00:34:43,760 --> 00:34:50,720 to the city it's a range to say red yellow various right right very broad in general this is what it 352 00:34:50,720 --> 00:35:01,360 needs for the strategic plan mr gore i like the uh the idea of the comment section but it would be 353 00:35:01,360 --> 00:35:08,000 good to have comments under each of the different categories rather than one blanket comment so it 354 00:35:08,000 --> 00:35:14,720 won't be so clustered i would like to see what your points are on the public benefit but the 355 00:35:14,720 --> 00:35:20,560 comments why they are not higher or greater so three different comment sections uh i think could 356 00:35:20,560 --> 00:35:27,840 be helpful as well and you know we might also reach out and see what other similar boards are 357 00:35:27,840 --> 00:35:34,480 are doing and that's something that um chair uh i would like to do and i've not done just yet but 358 00:35:34,480 --> 00:35:39,440 you know hope to it's great as this partner has pointed out in the past not to reinvent the wheel 359 00:35:39,440 --> 00:35:42,880 if there's something else out there and i know that you're aware of other groups and what they 360 00:35:42,880 --> 00:35:48,480 do so we will definitely include all that so i just want to say thank you for this really great 361 00:35:48,480 --> 00:35:53,360 conversation i think this is exactly what this board is for to have those that are out in the 362 00:35:53,360 --> 00:36:00,240 public and private sector that are not you know solely in economic development giving a different 363 00:36:00,240 --> 00:36:07,520 point of view as to how this can be received by businesses coming and so obviously a lot of work 364 00:36:07,520 --> 00:36:12,960 has gone into this and it's um incredibly i think useful for a lot of the different reasons that 365 00:36:12,960 --> 00:36:17,040 we've heard and i just want to again say thank you to erica and your staff and 366 00:36:17,040 --> 00:36:24,080 erica you have a comment or question yeah no just uh whenever whenever are you i'll allow it okay 367 00:36:24,080 --> 00:36:32,640 i mean i think it'd be helpful uh to lee's question to speak to that and i don't know 368 00:36:32,640 --> 00:36:39,600 where councilman davis falls but erica could you touch on um what was it freeland the meat the 369 00:36:39,600 --> 00:36:47,920 butcher or meat place that we so it's approved right whatever it's free ranchland there you go 370 00:36:47,920 --> 00:36:55,760 there you go yeah i want to go to but actually discuss that under due diligence yeah but no i 371 00:36:55,760 --> 00:37:01,520 but i think it's a great example for for lee because it is absolutely a blind corner uh once 372 00:37:01,520 --> 00:37:09,360 you go to 215 east mckinney because that's city hall so so i think it's a great example though 373 00:37:09,360 --> 00:37:15,120 because it came through the process and scored well it went to council and was approved but then 374 00:37:15,120 --> 00:37:20,080 when it hit the newspaper everyone turned on it right it's like ah you know so i think it just 375 00:37:20,080 --> 00:37:27,360 one of those things where the the answer to the question is i think you can you can do the best 376 00:37:27,360 --> 00:37:32,800 possible and it cost us no money right i mean it just didn't meet the thresholds didn't get 377 00:37:32,800 --> 00:37:38,240 any money back but it's one of those things where the comments and after the fact you thought uh the 378 00:37:38,240 --> 00:37:44,480 we didn't have a process in place at all and so that's the challenging part uh from my perspective 379 00:37:44,480 --> 00:37:54,560 is just um even when all parties agree and sign on if it takes a left turn still you know it could 380 00:37:54,560 --> 00:37:59,040 have repercussions or hey you want this or some other layer of security that's going to get 381 00:37:59,040 --> 00:38:05,760 ignored so that's really the challenge i think is to try to how to how to balance that and at the 382 00:38:05,760 --> 00:38:12,720 same time understand it's it's a living breathing thing that that has its own process i don't know 383 00:38:12,720 --> 00:38:17,440 if you have anything different but that's that's my look at it i i agree with that observation of 384 00:38:17,440 --> 00:38:21,760 course the county ran in the same thing with the salivary building and just sometimes that things 385 00:38:21,760 --> 00:38:27,040 don't pan out the way it looked like through the process but um but i really like the comment 386 00:38:27,040 --> 00:38:30,960 section because i'm thinking about to your point lead you know what's going to be helpful up there 387 00:38:30,960 --> 00:38:36,240 on the dais reviewing an industry that i don't know a lot about or a process that i may or may 388 00:38:36,240 --> 00:38:41,600 not know a lot about and and knowing here's kind of where staff put it and here's a staff comment 389 00:38:41,600 --> 00:38:46,640 staff says you know we scored it low but here's here's how it really hits a lot of other boxes 390 00:38:46,640 --> 00:38:53,040 that are on the sheet and then here's edpv's average score and here are all the comments 391 00:38:53,040 --> 00:38:57,760 from the members who said gosh this would really open up a whole other set of opportunities and then 392 00:38:57,760 --> 00:39:02,240 or you know from my perspective in my industry we've been looking for exactly this thing even 393 00:39:02,240 --> 00:39:07,840 though it doesn't hit some uh even though it's scored low on the sheet uh whatever those comments 394 00:39:07,840 --> 00:39:14,800 are and whatever the a plus on one area not so much on that area so that i think both the ranges 395 00:39:14,800 --> 00:39:20,720 and the comment section could be really really really helpful just a little report on the thing 396 00:39:20,720 --> 00:39:28,480 with everybody's perspectives i think that's an excellent idea um i originally had one um under 397 00:39:28,480 --> 00:39:35,520 the public benefit that was for a board or council and other considerations we have it in the policy 398 00:39:35,520 --> 00:39:40,480 itself but it wasn't on the score sheet we could definitely include it under each so like our 399 00:39:40,480 --> 00:39:45,520 targeted sector i could think of okay so maybe it's not in these targeted sectors but we want 400 00:39:45,520 --> 00:39:51,760 to diversify and it's something we don't have here maybe that's my comment from staff so yeah i 401 00:39:51,760 --> 00:39:55,680 i definitely see some truth to that and then you were talking about different policies we look at 402 00:39:55,680 --> 00:40:01,840 policies across the state and even in other cities uh we look outside the state boulder for example 403 00:40:01,840 --> 00:40:07,840 we have green programs and boulder for their entrepreneurial programs so we've looked all over 404 00:40:07,840 --> 00:40:14,720 we've done indc as far as a scoring matrix austin by far has the most detailed scoring matrix and 405 00:40:14,720 --> 00:40:20,960 they shared it with us and we incorporated some things that were in that here so we've looked at 406 00:40:20,960 --> 00:40:29,040 a number of things to come to to where we are right now thank you okay so the first one would 407 00:40:29,040 --> 00:40:33,200 be strategic growth areas remember these are replaced our industry sectors for those of you 408 00:40:33,200 --> 00:40:37,920 who've been on the board so we have our connected creative sustainable and competitive and that's 409 00:40:37,920 --> 00:40:42,400 also at your table that shows the different nicks families if those fall under and then 410 00:40:42,400 --> 00:40:47,200 we're proposing and it doesn't have to be scored but uh that they would receive 10 points if we 411 00:40:47,200 --> 00:40:53,200 had another section like i mentioned you could discuss why you might think they might be there 412 00:40:53,200 --> 00:41:02,960 like it diversifies our our tax base so then of the considerations this goes over the first four 413 00:41:02,960 --> 00:41:09,200 considerations uh generates new utility customers with dme this is important this also goes along 414 00:41:09,200 --> 00:41:14,640 with the growth writer goes along with our sustainability efforts encouraging new business 415 00:41:14,640 --> 00:41:16,400 suppliers and entrepreneurship 416 00:41:16,400 --> 00:41:24,720 engages in sustainable practices we already had these in there but again we want to continue that 417 00:41:24,720 --> 00:41:29,840 and it also goes along with our strategic plan we want to increase high wage jobs again 418 00:41:30,800 --> 00:41:37,760 we discussed that at length earlier the remaining considerations we want to encourage 419 00:41:37,760 --> 00:41:42,560 knowledge-based jobs things that require certification college some level of training 420 00:41:42,560 --> 00:41:48,320 moving forward we want to spur info development directly from the strategic plan we hadn't really 421 00:41:48,320 --> 00:41:53,200 addressed this before redevelopment uh headquarters that's something that we've looked at before of 422 00:41:53,200 --> 00:41:57,120 course you want to encourage that as well and that kind of goes along with the suppliers that they 423 00:41:57,120 --> 00:42:05,360 bring uh with them and then um mayor hutchpitt the final item i added last week for your benefit is 424 00:42:05,360 --> 00:42:10,000 the child care assistance so we did some research on that um so we're looking at possibly doing 425 00:42:10,000 --> 00:42:15,440 vouchers for other finalists if a business does that um we want to encourage that financial 426 00:42:15,440 --> 00:42:20,720 assistance backup services if all of a sudden something happens they have covid they have 427 00:42:20,720 --> 00:42:27,040 whatever it is some emergency they have some type of backup flexible or remote uh work accommodations 428 00:42:27,120 --> 00:42:31,760 you know we've learned how to adapt with covid and maybe we can encourage businesses 429 00:42:31,760 --> 00:42:36,560 that promote that and then flexible spending accounts of course for paying for the expensive 430 00:42:36,560 --> 00:42:40,720 child care and the other things that we looked at we want to encourage that do we know if we have 431 00:42:40,720 --> 00:42:50,080 any current employers that have on-site childcare or do any i don't know one that has on-site here 432 00:42:50,080 --> 00:42:56,560 but as far as flexible spending accounts i'm sure a bunch of them do flexible work accommodations i 433 00:42:56,560 --> 00:43:04,880 think that would be probably pretty common now we actually have looked at child care for different 434 00:43:04,880 --> 00:43:08,960 and the problem with providing that as a company is there's all kinds of insurances that come with 435 00:43:08,960 --> 00:43:16,000 that and liabilities come with that um so it for us those are the reasons that like hey that adds 436 00:43:16,000 --> 00:43:22,560 a whole other level of liability so that may be something to think about maybe um instead of on-site 437 00:43:22,560 --> 00:43:28,400 child care maybe more payment assistance encouragement or those kind of things it just 438 00:43:28,400 --> 00:43:33,280 the amount of real estate it takes and not knowing how many people are involved and 439 00:43:33,280 --> 00:43:39,440 insurance and all those things it's really prohibitive but you know if there is some kind of 440 00:43:39,440 --> 00:43:47,200 relationship with the child care facility that could be incentivized or you know whatever some 441 00:43:47,200 --> 00:43:52,160 kind of part of their payroll or something like that i think that could be and i think that 442 00:43:52,160 --> 00:43:56,560 addresses that in here anyway but i think that's kind of the boundary of entry that we've found 443 00:43:56,560 --> 00:44:02,320 thank you i was just curious i just want to set reasonable expectations however i agree that 444 00:44:02,320 --> 00:44:09,840 child care assistance is something that is very important to our economy to tackle so that we do 445 00:44:09,840 --> 00:44:14,400 have everyone in the workforce that wants to be in the workforce so but i was just curious wanting 446 00:44:14,400 --> 00:44:18,720 to make sure we were setting appropriate expectations for groups that might be coming in but i think 447 00:44:18,720 --> 00:44:21,840 you've included the vouchers maybe we'll just switch that so they don't look at that and 448 00:44:21,840 --> 00:44:26,800 think we don't have on care what do we uh one of the other things that we've done we work i've 449 00:44:26,800 --> 00:44:31,520 mentioned with our workforce solutions partners and we we uh talk about the skills development 450 00:44:31,520 --> 00:44:36,240 fund well now with business retention we're incorporating going to child care facilities 451 00:44:36,240 --> 00:44:41,200 so that's a new thing that we didn't seek to do and we're going to actually be promoting through 452 00:44:41,200 --> 00:44:47,200 our workforce partners eric that we invite with us um all their programs because they have child 453 00:44:47,200 --> 00:44:51,680 care programs they have a recent one they just announced the deals with such it's specifically the 454 00:44:51,680 --> 00:44:56,640 code so that's one thing we can do right now to help our our businesses out there so we're going 455 00:44:56,640 --> 00:45:02,480 to go ahead and do that and then we've incorporated this to where if a business is doing this and most 456 00:45:02,480 --> 00:45:06,720 of these would be large-scale businesses maybe not for the vouchers but for on-site child care 457 00:45:06,720 --> 00:45:12,880 but yeah insurance is is a is something that you definitely need to look at but at least we 458 00:45:12,880 --> 00:45:18,000 if they have it we would like to incentivize it absolutely thank you what if it is a child care 459 00:45:18,000 --> 00:45:25,520 business you know that's a company can you know i mean there's a yes that would just be like our 460 00:45:25,520 --> 00:45:31,040 environmental if they're generating if they're storing if they're manufacturing in 2010 we 461 00:45:31,040 --> 00:45:36,000 we did include manufacturing we went back in 12 and changed it but yes we could definitely address 462 00:45:36,000 --> 00:45:40,480 that and that they would score high based on this on this one i think the threshold will probably 463 00:45:40,480 --> 00:45:45,760 keep them out of you know as far as individual have some kind of really huge headquarter for a 464 00:45:45,760 --> 00:45:50,160 national yeah child care one of the things we did is we structured our tax evasion policy which we 465 00:45:50,160 --> 00:45:55,200 have historically to be five million but we didn't with our chapter 380 there is a minimum threshold 466 00:45:55,200 --> 00:46:00,480 safran wouldn't have met that minimum threshold that we just approved they met the jobs 467 00:46:00,480 --> 00:46:03,440 but the expansion they wouldn't it was a two million dollar expansion 468 00:46:06,240 --> 00:46:10,560 no to that end i think that's a that's a thought i had when i sat in on the texas workforce 469 00:46:10,560 --> 00:46:16,560 commission presentation if somehow didn't could become a hub for entrepreneurs that want to work 470 00:46:16,560 --> 00:46:23,040 in that child care space i think it then would bring uh companies as well so i think there's 471 00:46:23,040 --> 00:46:29,280 something to be said around that around developing kind of a a foundation or didn't being out there 472 00:46:29,280 --> 00:46:35,600 supporting that those type businesses and being intentional about it uh so we'll figure out i'll 473 00:46:35,600 --> 00:46:40,480 burden david and parks department to look and maybe that's just an add-on right it's like rec 474 00:46:40,480 --> 00:46:48,160 centers these other cities that that that support our community uh so i'm i'm i'm thinking that 475 00:46:48,160 --> 00:46:53,040 you're onto something some of the research showed uh councils of governments partnering with texas 476 00:46:53,040 --> 00:46:58,160 workforce solutions um hot cobb we're actually used to work i knew about that program brazos 477 00:46:58,160 --> 00:47:03,440 valley golden crescent so i sit on the economic development district board and that's something 478 00:47:03,440 --> 00:47:07,360 i'm going to bring up a founding community partner but we definitely want to make sure 479 00:47:07,360 --> 00:47:10,960 that we're not duplicating services we want to encourage we don't want to recreate the 480 00:47:10,960 --> 00:47:15,280 way with another program that might be i'm doing the same thing that other entities are so we 481 00:47:15,280 --> 00:47:25,040 got to manage our resources carefully so yeah we were talking about these this is the second set 482 00:47:25,040 --> 00:47:32,000 of the uh so this is a public benefit section okay so we went through both sets of the 483 00:47:32,000 --> 00:47:36,160 considerations and now we're on to our public benefits so our public benefit is expanding the 484 00:47:36,160 --> 00:47:44,000 tax base so we always want to expand the tax base diversify our tax base we for the first time 485 00:47:44,000 --> 00:47:48,720 include the fiscal and economic impacts we provide that information to you but we hadn't scored it 486 00:47:48,720 --> 00:47:54,720 we provide that information to council as well community investment that's something that we've 487 00:47:54,720 --> 00:47:59,520 had and continue to do uh public private partnership this is from the strategic plan 488 00:47:59,520 --> 00:48:03,520 if we can encourage other entities to participate it's going to make for a better project 489 00:48:03,520 --> 00:48:07,680 and then the use of local contractors and construction members we want to support 490 00:48:07,680 --> 00:48:16,880 our local businesses whenever possible this is the due diligence we touched on this a little bit 491 00:48:16,880 --> 00:48:22,480 with branch line so we created a due diligence form to help us address these issues so this 492 00:48:22,480 --> 00:48:27,920 enables the city to gain information they have to sign this form authorizing us to get financial 493 00:48:27,920 --> 00:48:32,560 statements creation documents credit rating information one of the things we were already 494 00:48:32,560 --> 00:48:37,600 doing is the secretary of state certification so before we get to the contract stage we have to know 495 00:48:37,600 --> 00:48:42,560 what entity it is how they're structured those of you who've worked with us we'll ask you for 496 00:48:42,560 --> 00:48:46,160 your creation documents so we understand particularly if you have multiple entities 497 00:48:46,160 --> 00:48:52,320 so we'll continue to do that to make sure they can operate here tax record verification we have 498 00:48:52,320 --> 00:48:57,360 an appraisal district we've often looked at their value in other in other areas if they're located 499 00:48:57,360 --> 00:49:01,600 in other areas and we will continue to do that and now we're going to look at max make sure they 500 00:49:01,600 --> 00:49:06,960 actually exist this is the ranch land but i don't know if that would have helped us with range line 501 00:49:06,960 --> 00:49:12,960 because it is ad so i don't know that we've ever seen anything so that it's a unique thing but 502 00:49:12,960 --> 00:49:18,720 i can say and mac may want to add more is that our agreements protected us from what happened 503 00:49:18,720 --> 00:49:23,120 with ranch line that they wouldn't have been able to receive payment if obviously they didn't move 504 00:49:23,120 --> 00:49:29,920 here and they didn't need the requirements yes i just have a question are these things that we 505 00:49:29,920 --> 00:49:37,680 were not doing before is there all new the due diligence form is new we have asked for credit 506 00:49:37,680 --> 00:49:43,200 information on a few occasions we did with the convention center for example that was kind of 507 00:49:43,200 --> 00:49:48,960 a unique project and we've had very different we had many iterations of it but that was one of the 508 00:49:48,960 --> 00:49:54,640 projects that we looked at credit rating we can get from reference usa which we rarely have access 509 00:49:54,640 --> 00:49:59,600 to we when we create our business directories that we've distributed in the past we have our 510 00:49:59,600 --> 00:50:04,240 own internal and that has the things that you you know credit rating would include when we distribute 511 00:50:04,240 --> 00:50:09,760 it but we actually have that information so even before business retention visit we pull a reference 512 00:50:09,760 --> 00:50:14,560 usa and we know who our competitors are we know their credit rating we have an idea before we 513 00:50:14,560 --> 00:50:20,720 even set foot on the door and then tax worker verification we look at this a lot of times for 514 00:50:20,720 --> 00:50:25,920 comps we want to know hey how much value are they really going to create this much value you know 515 00:50:25,920 --> 00:50:31,120 never look i mean some of the different areas and see so we did the last two we didn't have a due 516 00:50:31,120 --> 00:50:36,960 diligence form although we have looked at those particular projects so they actually have to sign 517 00:50:36,960 --> 00:50:46,960 this with their application before e-sport question okay yes erica just so i'm clear on this 518 00:50:46,960 --> 00:50:54,560 on the orientation side we were looking at the different opportunities to incentivize or reimburse 519 00:50:54,560 --> 00:51:01,040 are these things that we're presenting and reviewing specific to those districts or is this 520 00:51:01,040 --> 00:51:10,240 an opportunity throughout the city that if someone came in or wanted to be outside of those identified 521 00:51:10,240 --> 00:51:17,840 tours or outside the airport that there would be an availability we do incentives both inside and 522 00:51:17,840 --> 00:51:21,200 outside the terms it's a little bit different particularly with our worst part terms we'll use 523 00:51:21,200 --> 00:51:27,120 tyson as example the council and believes that we're already giving them an incentive with the 524 00:51:27,120 --> 00:51:32,240 turds we're spending you know 13 million in infrastructure improvements in the turds we've 525 00:51:32,240 --> 00:51:38,560 actually had our engineers quantified it's about 700 per linear square foot so we would only 526 00:51:38,560 --> 00:51:42,800 incentivize our business personal property in the turds whereas the same business was outside the 527 00:51:42,800 --> 00:51:48,160 turds then we could look at the business personal property too it's a little bit different so we it's 528 00:51:48,160 --> 00:51:52,080 a little bit complex in that particular area but this would be citywide whether you're in the turds 529 00:51:52,080 --> 00:51:56,720 or in a public improvement district or not our downtown turds is structured a little differently 530 00:51:56,720 --> 00:52:00,800 than our west park tours our west park tours is what one developed and they're supposed to do all 531 00:52:00,800 --> 00:52:08,320 the developments our downtown tours was designed for transit oriented different development projects 532 00:52:08,320 --> 00:52:15,040 or projects that enhance public safety so those are a little bit different structure okay great that helps 533 00:52:15,040 --> 00:52:25,120 some minor changes and updates we have a census tract with the economic distress 534 00:52:25,120 --> 00:52:31,200 and the qualified census tracts and there we updated that based aircraft incentive had that 535 00:52:31,200 --> 00:52:36,240 the aircraft be based here for majority of the year which didn't make sense was not in the policy 536 00:52:36,240 --> 00:52:41,200 itself because it has a separate resolution associated with it we have third-party verification 537 00:52:41,200 --> 00:52:45,920 to the dense central appraisal district and they value it on January 1 so i want i propose to review 538 00:52:45,920 --> 00:52:53,440 that so we are subject and now i have to go and check this for the majority of the year when that's 539 00:52:53,440 --> 00:52:59,200 not actually how its value goes off and then we definitions pertaining to sales tax and use 540 00:52:59,200 --> 00:53:03,920 tax is pretty complex especially with the texas direct pay permit i talked about for the orientation 541 00:53:03,920 --> 00:53:09,360 so we removed those from the tax evasion they don't apply to that but we retain those in the 542 00:53:09,360 --> 00:53:14,400 internal processes and next steps 543 00:53:14,400 --> 00:53:22,080 we need to update some of our internal policies the investment fund had the three criteria i told 544 00:53:22,080 --> 00:53:27,360 you about targeted industry sectors are now strategic growth areas once we adopt this if 545 00:53:27,360 --> 00:53:32,960 this moves forward we would go back and change that and this is done by ordinance and then we 546 00:53:32,960 --> 00:53:39,040 have our utility line fund this is a project that we've used only for one project wing co so we have 547 00:53:39,040 --> 00:53:44,640 wastewater and water funds that are dedicated to support infrastructure projects this goes through 548 00:53:44,640 --> 00:53:50,720 the pub we're proposing it will go through us as well when this policy was written we're updating 549 00:53:50,720 --> 00:53:56,720 this uh pdp didn't exist so we're adding us in there and updating other entities but essentially 550 00:53:56,720 --> 00:54:01,600 it will be a very similar policy and discord will see it moves it moves forward but again none of 551 00:54:01,600 --> 00:54:06,480 these are going to move forward until we finalize uh the policies themselves but these are the next 552 00:54:06,480 --> 00:54:11,440 steps that you need to do so then we're going to have to update our applications we're going to 553 00:54:11,440 --> 00:54:15,680 need to update our regular incentive application this is done in excel format for those of you 554 00:54:15,680 --> 00:54:20,240 haven't seen it makes it a lot easier to perform our analysis doing it in that format but we need 555 00:54:20,240 --> 00:54:24,960 to update us again our it has industry sectors we're going to update it with our strategic 556 00:54:24,960 --> 00:54:29,120 growth areas we're going to update our considerations they've changed same with 557 00:54:29,120 --> 00:54:33,200 the entrepreneurial tech grant they need the new considerations to be updated 558 00:54:33,200 --> 00:54:41,280 so we've covered a lot of grounds i wanted to summarize the changes again for you 559 00:54:41,280 --> 00:54:47,600 so uh both policies is presented in this slide so we have both the tax payment and 380 we're 560 00:54:47,600 --> 00:54:52,080 incorporating our city values we're providing the framework of the strategic plan our five 561 00:54:52,080 --> 00:54:57,760 guiding principles as well as our three major goals we're replacing our industry sectors our 562 00:54:57,760 --> 00:55:03,680 targeted industry sectors with strategic growth areas we're adding strategic plan definitions for 563 00:55:03,680 --> 00:55:09,600 better clarity we're going to align public benefit and priority considerations to the strategic plan 564 00:55:09,600 --> 00:55:16,720 and council priorities and we're going to provide an incentive evaluation matrix of some sort 565 00:55:18,560 --> 00:55:23,120 and then address due diligence which we've discussed and then update census maps so these 566 00:55:23,120 --> 00:55:31,440 are the same for both policies and specific to the chapter 380 policy we've now included our 567 00:55:31,440 --> 00:55:35,760 orange critical program and job based grants they weren't in our policies correct they're 568 00:55:35,760 --> 00:55:39,520 pretty new we were developing them at the same time the strategic plan we're working on that 569 00:55:39,520 --> 00:55:45,280 provide job based grant definitions and stratify job based grant tables so people can know what to 570 00:55:45,280 --> 00:55:50,560 expect when they apply we're going to make necessary third-party verification updates to the 571 00:55:50,560 --> 00:55:56,960 aircraft policy you don't have to update the policy itself um and then retain definitions 572 00:55:56,960 --> 00:56:06,960 pertaining to sales and use tax for better clarity these are options and recommendations 573 00:56:06,960 --> 00:56:13,040 i'm hearing a lot of changes particularly to the score sheet so we're going to add considerations 574 00:56:14,240 --> 00:56:19,360 for each of the three categories we're going to have staff if we present with 575 00:56:19,360 --> 00:56:27,360 a numeric score we're going to have full staff and the board score and maybe even without the 576 00:56:27,360 --> 00:56:35,200 numeric you have staff recommendation in addition um what other things would you all like to see 577 00:56:37,680 --> 00:56:47,200 i have a comment and a with some of the things that meredith was missing i mean or mentioning 578 00:56:47,200 --> 00:56:52,640 earlier as far as say um something that passes and gets approved from here and then goes to 579 00:56:52,640 --> 00:56:58,640 council and is approved and then the public is not really accepting of the actions i'm wondering how 580 00:56:58,640 --> 00:57:08,480 to best communicate this whole process and if there's some kind of way that we could assist 581 00:57:08,480 --> 00:57:13,760 with that i guess one of my concerns is that in the matrix we give a max of 10 points to the fiscal 582 00:57:13,760 --> 00:57:18,640 and economic impacts but when i talk to people outside of the economic development world 583 00:57:18,640 --> 00:57:23,360 that's what they're looking at they're not looking at all of the public private partnerships they're 584 00:57:23,360 --> 00:57:30,160 not looking at all of the other matrix items they're looking numbers right how much did the 585 00:57:30,160 --> 00:57:35,680 city put in how much did the city get back and so i guess this i don't really have an answer to 586 00:57:35,680 --> 00:57:43,040 my quandary but i just wanted to put in that two cents that somewhere i think communication to 587 00:57:43,040 --> 00:57:49,520 our citizens needs to be somehow part of our policy or how best to because i think right now 588 00:57:49,520 --> 00:57:53,280 the newspaper can say you know what i mean it's numbers to numbers it seems like the general 589 00:57:53,280 --> 00:57:57,840 public when i speak to them it's numbers and numbers it's not any of these other things that 590 00:57:57,840 --> 00:58:02,800 i know council is looking at and we are looking at so i'm just trying to in my mind try to make 591 00:58:02,800 --> 00:58:08,400 sure that everyone is successful when we take something from the beginning to the end while 592 00:58:08,400 --> 00:58:13,040 we're looking at this broad policy and some of the things that we've done so you know when we 593 00:58:13,040 --> 00:58:18,400 present something to council the considerations that are met we place there if it's a targeted 594 00:58:18,400 --> 00:58:23,440 industry sector we let them know that we've even instituted what almost looks like the scoring 595 00:58:23,440 --> 00:58:27,920 criteria with saccharin if you go back and look at it we're trying we weren't we didn't finalize it 596 00:58:27,920 --> 00:58:33,520 we were we were testing it out a little bit so they received that information one of the reasons 597 00:58:33,520 --> 00:58:39,520 that the score sheet has over 100 points is so that it doesn't look like someone's failing 598 00:58:39,520 --> 00:58:44,240 because we know no one's going to meet all of those that was my idea so that it wasn't failed 599 00:58:45,600 --> 00:58:49,840 because and then maybe get away from it being like an a i've heard though great 600 00:58:49,840 --> 00:58:57,440 most people may not even get to an 80 so i mean until we implement it it's it's going to be a 601 00:58:57,440 --> 00:59:01,600 little bit hard to tell like i said we've tried to incorporate it with like our blast incentive 602 00:59:01,600 --> 00:59:07,120 where we literally had those ideas and checked the boxes when we were back so we were kind of 603 00:59:07,120 --> 00:59:12,560 getting used to it and testing it out but even with all of ours before if we were put in our action 604 00:59:13,360 --> 00:59:18,960 statement our ais what we call that they met this you know they're a targeted industry sector they 605 00:59:18,960 --> 00:59:23,360 met this certain criteria these priority considerations and this is why we're we're 606 00:59:23,360 --> 00:59:28,080 recommending them from funding eric if i could just have it real quick i think i think that 607 00:59:28,080 --> 00:59:33,520 changing the amount that we put to fiscal impact is a i think a worthwhile consideration for the 608 00:59:33,520 --> 00:59:37,920 board i want to increase that as we look at the scorecard that could be one that is really worth 609 00:59:37,920 --> 00:59:42,240 more than 10 points i think it probably gets more weak than that is it's considered i think to your 610 00:59:42,240 --> 00:59:48,160 other point and as far as kind of showing the benefit and put some of that is that net revenue 611 00:59:48,160 --> 00:59:54,000 report that erica does every year where we show what the net worth of revenue and what the return 612 00:59:54,000 --> 00:59:58,800 investment is essentially i think thinking about how we can promote that more and maybe even show 613 00:59:58,800 --> 01:00:03,280 it more on an individual basis is a worthwhile thing as well so something we can consider it's 614 01:00:03,280 --> 01:00:07,280 we're already doing it it's making sure it gets out there we're promoting that because 615 01:00:07,280 --> 01:00:12,560 that's the net result of all the conversations we have whenever i give a presentation i usually 616 01:00:12,560 --> 01:00:18,560 include that in there but yes and you received it as an informal staff report and i think council 617 01:00:18,560 --> 01:00:25,040 gets that i just i'm talking about the unofficial communication that is out in the community and 618 01:00:25,040 --> 01:00:30,560 their opinion of economic development and some of the things that we talked about earlier in the 1996 619 01:00:30,560 --> 01:00:36,960 vote so that that is kind of more of my concern is getting citizens to understand all of these 620 01:00:36,960 --> 01:00:42,560 benefits they're not going to read this matrix city council will and consider it but how do we 621 01:00:42,560 --> 01:00:48,080 get um whether it be the dead record chronicle or facebook you know when when people are having these 622 01:00:48,080 --> 01:00:55,200 uh conversations how do we communicate all of the things that went into these decisions 623 01:00:55,200 --> 01:01:03,520 um is just my kind of sidebar so yes i was just going to say you made a comment about not really 624 01:01:03,520 --> 01:01:08,320 going to know until you have people with the scorecard to kind of look like points why don't 625 01:01:08,320 --> 01:01:14,000 you use past ones go through some exercises to give you some confidence that makes sense 626 01:01:14,000 --> 01:01:23,600 i can do that i can bring it back i can bring it back this particular document back to you 627 01:01:23,600 --> 01:01:29,040 incorporating some of the comments that i'm hearing and i can maybe have two or three examples of 628 01:01:29,040 --> 01:01:34,880 projects we've awarded and how they would have scored and then you can kind of see engage better 629 01:01:34,880 --> 01:01:38,800 gauge and i'll try to pick them from different areas one really high in tax base maybe one 630 01:01:38,800 --> 01:01:42,960 entrepreneur maybe an expansion grant because expansion grants are unique and we found that 631 01:01:42,960 --> 01:01:48,640 the valuation thresholds for those it they don't necessarily meet the investment because they may 632 01:01:48,640 --> 01:01:55,120 not be classified by the cab as a new use in order to increase it for example so the intent of this 633 01:01:55,120 --> 01:02:00,640 document to be internally i mean if you're talking about concerns of the media is there value for 634 01:02:00,640 --> 01:02:08,720 this to be i mean is there a concern that someone may get scored 50 and then this the score gets you 635 01:02:08,720 --> 01:02:14,320 know made public and there's no context around that i mean and then if you would have a failing 636 01:02:14,320 --> 01:02:18,000 score yes if you did the feeling score it's going to benefit to saying that this is an internal 637 01:02:18,000 --> 01:02:24,800 document like for internal city council staff and i think it is an internal document my my concern 638 01:02:24,800 --> 01:02:31,360 was with the general citizen that gets bits and pieces of information that they are not 639 01:02:31,360 --> 01:02:40,240 getting the information of all that goes into whether or not we would as this group recommend 640 01:02:40,240 --> 01:02:46,960 an incentive and what all other than the apples to apples the physical impact is is my concern is 641 01:02:46,960 --> 01:02:53,280 that that is what most of the conversations when i have with people outside of you know the interest 642 01:02:53,280 --> 01:03:00,640 of economic development they're just looking at the numbers and so how how how can we express 643 01:03:00,640 --> 01:03:06,560 what all goes into what kind of benefits we're looking for for our citizens other than 644 01:03:06,560 --> 01:03:14,160 how much tax abatement did they get how much did they pay back we can focus more on those 645 01:03:15,360 --> 01:03:23,440 multiplying effects direct and indirect like on jobs we provide in the backup to council and 646 01:03:23,440 --> 01:03:28,480 to this board we provide the the net benefits and the rate of return how many years is it going to 647 01:03:28,480 --> 01:03:38,320 take to pay itself back we can try to highlight a rule i think it's maybe thinking on what your 648 01:03:38,320 --> 01:03:44,080 ask is i think it's and and david's going to stop because he hears us all the time maybe a graphic 649 01:03:44,080 --> 01:03:49,600 right and i think i like the graphic on your training right component but then also where 650 01:03:49,600 --> 01:03:54,960 it's going and then utilizing the discover dentin feature of the comment section so what it to me 651 01:03:54,960 --> 01:04:00,320 what it would look like is this graphic a specific deal and then the image of where it's going right 652 01:04:00,320 --> 01:04:08,640 so it's like uh um peter bill here's where it's located here's how much there's a you know piggy 653 01:04:08,640 --> 01:04:15,040 bank that says this much money in how much out you know that's uh jesse running down the street with 654 01:04:15,040 --> 01:04:23,680 bags of money and then something like that so just a one page graphic that then goes up on one of our 655 01:04:23,680 --> 01:04:28,720 discuss dentin or something or link to social medias it says hey this is pending and that's 656 01:04:28,720 --> 01:04:35,520 in the by document it's documented hey we'll post this and give it two weeks to kind of let people 657 01:04:36,880 --> 01:04:42,400 know it's coming or you know i think that's a because that's really what people are going to 658 01:04:42,400 --> 01:04:47,280 go through all of this but they might see a graph and go okay that makes sense okay we've got mr 659 01:04:47,280 --> 01:04:52,960 ramseith and councilmember davis i think this i think this should be an agenda of a topic item 660 01:04:52,960 --> 01:04:59,360 on how we present tax incentives to the public because i've been involved in a lot of these 661 01:04:59,360 --> 01:05:05,040 through you know different barriers in different cities over the years when and i don't want to 662 01:05:05,040 --> 01:05:09,360 get off this tangent right now but just a couple highlights is a lot of times i said the city is 663 01:05:09,360 --> 01:05:15,280 giving this and this is what the developer is getting well really that's that's what's happening 664 01:05:15,280 --> 01:05:21,920 overall but the city doesn't give this until the developer does this and meets these requirements 665 01:05:21,920 --> 01:05:27,040 and i think to to sit in your field's chair and get the phone calls oh my gosh well the city 666 01:05:27,040 --> 01:05:32,160 didn't actually write a check you know and say for the most part in a lot of these incentives 667 01:05:32,160 --> 01:05:37,680 it's over time the there has to be this amount of taxes paid and then it's reimbursement i would 668 01:05:37,680 --> 01:05:43,280 like to recommend we have an agenda item on how we present that to the public and have some 669 01:05:43,280 --> 01:05:48,640 discussion around that because right now how it's presented it basically says the city's given this 670 01:05:48,640 --> 01:05:53,120 this is the roi or what they're giving they're going to have long term if you understand the 671 01:05:53,120 --> 01:05:57,040 tax incentives that's the best way to present it because now you're looking at the return on 672 01:05:57,040 --> 01:06:04,160 investment but most people don't fully understand what how they work and because they're complicated 673 01:06:04,160 --> 01:06:08,320 right and be like me walking in a hospital trying to understand how a hospital works i would have a 674 01:06:08,320 --> 01:06:14,560 clue and so it's not a negative just most citizens don't understand that so maybe if we standardize 675 01:06:14,560 --> 01:06:20,000 our presentation in that and look at it through eyes of people who aren't in this every day and 676 01:06:20,000 --> 01:06:24,640 understand how complicated these are our presentation of that i think that could 677 01:06:25,440 --> 01:06:29,680 filter a lot of the problems say oh the city gave this to this company so i would recommend we put 678 01:06:29,680 --> 01:06:34,800 that as a future agenda item to look at that presentation to try to help how that's presented 679 01:06:34,800 --> 01:06:40,400 to the city because sitting on council or even on this board people calling you up going what are 680 01:06:40,400 --> 01:06:46,720 you guys doing well you got to understand the whole deal so that would be i think that would be very 681 01:06:46,720 --> 01:06:52,400 helpful sorry we could certainly do that a great example i i think that's received a lot of negative 682 01:06:52,400 --> 01:06:58,000 detentions buckies buckies is a caution buckies is a partnership project of about six different 683 01:06:58,000 --> 01:07:04,240 entities for a total of 28 million dollars but we didn't sell it correctly so that would be a good 684 01:07:04,240 --> 01:07:08,720 example i mean you have the city you have the county you have text on you have cog uh regional 685 01:07:08,720 --> 01:07:14,000 transportation funds you have all that and the public uh private entity you know buckies all that 686 01:07:14,000 --> 01:07:18,320 coming together and that's probably the one i think of the one receiving the most negative and then 687 01:07:18,320 --> 01:07:22,560 even if once we had that together we presented it to some people who know that would be reading the 688 01:07:22,560 --> 01:07:27,440 dent rec chronicles brought some people in that have never heard heard of that and we present it 689 01:07:27,440 --> 01:07:31,920 to them and say what tell me what you heard from that you know i think that could with some of the 690 01:07:31,920 --> 01:07:37,280 grading we're doing back to the due diligence we're doing i think we can say as a team like hey we're 691 01:07:37,280 --> 01:07:42,480 really looking at steps forward to one make sure that those of us that know what's going on we're 692 01:07:42,480 --> 01:07:48,160 doing the best due diligence we can do and then two we're putting in a format like the mayor said 693 01:07:48,160 --> 01:07:54,000 to present it in a way that is a real understanding of what's going on rather than the city just wrote 694 01:07:54,000 --> 01:07:59,680 a check for 20 million dollars you know i think i think there's some better presentation 695 01:07:59,680 --> 01:08:05,120 not better that's the wrong words if you understand our presentation is really good but if you're not 696 01:08:05,120 --> 01:08:09,360 familiar with the industry we could probably present it a little differently i think that's 697 01:08:09,360 --> 01:08:16,160 a great idea i mean the city is us the city is all of the residents and citizens here and so i do 698 01:08:16,160 --> 01:08:26,160 think it's important with discussions that we make it easy for people to understand what we do 699 01:08:26,160 --> 01:08:32,720 and what the city's trying to do so i think that's a great idea council member david yeah i i can't 700 01:08:32,720 --> 01:08:38,320 second that more heartily i think i'd like to really know what we're doing now kind of what the 701 01:08:38,320 --> 01:08:44,720 what the current kind of pr strategy is and i'd also like to know when we come back to that agenda 702 01:08:44,720 --> 01:08:50,320 item my future agenda item i'd like to know kind of what the lead time we build in is because i 703 01:08:50,320 --> 01:08:55,360 think to the mayor's point prior to consideration because the way that it often just happens by 704 01:08:55,360 --> 01:09:01,680 default now is there is one person who as part of their job not their whole beat but one person in 705 01:09:01,680 --> 01:09:07,360 the drc covers the city and they do that in addition to other things they have to cover 706 01:09:07,360 --> 01:09:12,880 and so they watch the meeting and they write up their uh their piece about how the city had 707 01:09:12,880 --> 01:09:16,160 three different things they had to consider they're all really big they were all really 708 01:09:16,160 --> 01:09:20,560 controversial and everybody was at each other's throats about it and then next thing you know 709 01:09:20,560 --> 01:09:25,840 this economic incentive is this big controversial thing when actually it's got a whole process 710 01:09:25,840 --> 01:09:31,840 behind it like the mayor was talking about so having people know ahead of time and in ways that 711 01:09:31,840 --> 01:09:36,000 no no offense to drc they just don't have the staff in the column inches to properly cover 712 01:09:36,000 --> 01:09:41,680 these issues um having it in a format that can be shared on social media that people who are 713 01:09:41,680 --> 01:09:47,680 acting on social media can push around instead of the the day after the fact article that doesn't 714 01:09:47,680 --> 01:09:54,960 get all the nuance and everything so i think that'd be really really helpful i would agree and i 715 01:09:54,960 --> 01:10:02,560 i very much appreciate how lee presented that that as i'm looking at this as we're discussing 716 01:10:02,560 --> 01:10:10,240 tax incentives or relief or reimbursement and then i look at expand the tax base and what we 717 01:10:10,240 --> 01:10:17,520 score did it's the lowest score but to me that would be the reason for tax abatement or 718 01:10:17,520 --> 01:10:21,920 reimbursement would need to expand so if anything we're looking at that i don't know if i'm looking 719 01:10:21,920 --> 01:10:29,520 at this correctly as an edp but that's how i look at edp is if we're going to do something 720 01:10:29,520 --> 01:10:33,760 where we have habitat building houses and we're going to have to figure out infrastructure you're 721 01:10:33,760 --> 01:10:40,000 gonna have to have more taxes to do it so i think that that part of it is we're looking at these 722 01:10:40,000 --> 01:10:46,480 opportunities is what is the one year five year to 15 year down the road of what this really means 723 01:10:46,480 --> 01:10:53,440 from a tax base expansion what we're able to draw economic right right economic that's appropriate 724 01:10:53,440 --> 01:10:59,200 for almost all of our incentives except for the entrepreneurial tech that's human capital yes 725 01:11:00,880 --> 01:11:06,080 but i'm hearing that i'm going to bring back the um score sheet so we're going to talk about that 726 01:11:06,080 --> 01:11:10,000 at length we're going to bring back an item and how we present our incentive items i'm going to 727 01:11:10,000 --> 01:11:17,760 bring back some comp some comps to show you how they score um i wanted to address the policies 728 01:11:17,760 --> 01:11:25,680 these are the major changes to the policies do we have any recommendations there are there any 729 01:11:25,680 --> 01:11:30,560 changes there do we need to bring them back so i guess one of my questions would be so if we 730 01:11:30,560 --> 01:11:37,040 incorporate these things into your policy i mean how do we i mean how is transparency something 731 01:11:37,040 --> 01:11:44,320 that we can look at when a group is asking for a reinvestment or a chapter you know i mean i'm just 732 01:11:44,320 --> 01:11:51,120 trying some of these didn't kind of correlate equally to me to make sense in the implementation 733 01:11:51,120 --> 01:11:58,720 so is it when we adopt transparencies with the city staff and this board or is it transparency in 734 01:11:59,680 --> 01:12:04,480 any entity that comes in and how do we judge that i guess there are certainly more requirements 735 01:12:04,480 --> 01:12:09,680 that mac can speak to uh sales tax for example that you can't disclose that type of information 736 01:12:09,680 --> 01:12:15,600 in single entity tail sales tax no but you can be transparent on other areas and i think the 737 01:12:15,600 --> 01:12:22,320 way that we present it will help that transparency transparency of the entity that is asking for 738 01:12:22,320 --> 01:12:26,720 things that are transparency and if we're moving in and send it forward right now 739 01:12:27,600 --> 01:12:32,880 when we bring it forward they have the application that was submitted to us they have the ais backup 740 01:12:32,880 --> 01:12:38,640 they have the presentation backup that goes with what how they met that criteria what we think are 741 01:12:38,640 --> 01:12:43,200 the benefits to the community as well as the net benefits we give them economic impacts we tell 742 01:12:43,200 --> 01:12:47,440 them about jobs and tell them about those type things we talk about the tax base we include tables 743 01:12:47,440 --> 01:12:52,400 within that so we are doing what we do that is what i would consider transparency now we can't 744 01:12:52,400 --> 01:13:00,080 divulge certain information even in in in the net revenue report we can't diverge individual sales 745 01:13:00,080 --> 01:13:06,960 tax so i can't do it i can't present a table that has buckies or riley on it i could do an aggregate 746 01:13:06,960 --> 01:13:12,000 of all the sales tax intended same with our developments raise a ranch i can't do one tenant 747 01:13:12,000 --> 01:13:16,480 sales tax but i could do aggregate that's how we receive the sales tax is an aggregate from the 748 01:13:16,480 --> 01:13:20,240 control if you have to have a minimum four you know or for the controller to send to you unless 749 01:13:20,240 --> 01:13:26,480 you're financing you have access to them i was just looking what the subject was of the implementation 750 01:13:26,480 --> 01:13:33,680 of what i yeah i think i think an important context on the transparency as it is a city 751 01:13:33,680 --> 01:13:41,600 um and that's just an example of the in one of our core values we take for a number of years or at 752 01:13:41,600 --> 01:13:46,400 least the past four or five years we take we are more public with all of our economic development 753 01:13:46,400 --> 01:13:51,520 incentives than we have to be than other cities are and that can elaborate on that to the specifics 754 01:13:51,520 --> 01:13:56,960 but we make everything public to the point of when we talk to developers we're clear that this is all 755 01:13:56,960 --> 01:14:01,440 going to be public whereas they may be used to other cities where they do things in closed sessions 756 01:14:01,440 --> 01:14:06,720 that we have out in front in the public so that's a benefit of having the policy is we're making it 757 01:14:06,720 --> 01:14:12,000 clear to them up front that this is all going to be out in the public and i would make i'll use that 758 01:14:12,000 --> 01:14:17,840 as one opportunity when we talked about the score card earlier you know it's really there's really 759 01:14:17,840 --> 01:14:22,720 no way for it to be an internal document it's going to be public it's going to be as we make 760 01:14:22,720 --> 01:14:27,520 up the image it's just going to be out there i just want to make sure yeah it's built in the policy 761 01:14:27,520 --> 01:14:34,560 right now we just i'm sorry i said the score card is built in the policy it's an attachment 762 01:14:34,560 --> 01:14:39,200 too we should be able to amend it internally that we do with our application but i still would like 763 01:14:39,200 --> 01:14:43,760 council to see it and approve of it and adopt it one of the things i was going to mention is our 764 01:14:43,760 --> 01:14:47,920 transparency stars we just completed an application with the comptroller public counts 765 01:14:47,920 --> 01:14:53,680 for transparency stars so you have to meet certain criteria and of our incentives so now we can make 766 01:14:53,680 --> 01:14:58,000 that public in a way that the state would like us to do that it's currently under review but we're 767 01:14:58,000 --> 01:15:02,320 really excited about doing that and i can send you a link to it because we've temporarily put it up 768 01:15:02,320 --> 01:15:07,600 on our website but it's still under review by the comptroller and at first you have to have your 769 01:15:07,600 --> 01:15:12,240 finance department that does that and then other departments can apply and so we're excited to have 770 01:15:12,240 --> 01:15:19,200 completed that and that would be an excellent example of transparency 771 01:15:19,200 --> 01:15:27,200 it's a little off topic but is this is it the great application the same for 772 01:15:27,200 --> 01:15:35,200 taxes that is it as it would be for like land or we don't incentivize land okay that's one thing 773 01:15:35,200 --> 01:15:40,720 that we haven't done the application is the same for every applicant except for our entrepreneurial 774 01:15:40,720 --> 01:15:44,400 tech they have a separate application but they still have to fill out components 775 01:15:44,400 --> 01:15:49,120 so they still fill out the wage worksheet okay but they have a separate application 776 01:15:49,120 --> 01:16:00,000 i want to be in that meeting i mean i love this meeting 777 01:16:04,080 --> 01:16:07,680 go ahead it has to be recognized so we can strike that 778 01:16:07,680 --> 01:16:14,080 i just want to make sure that we're moving forward and i wanted to know do you want me to bring back 779 01:16:14,080 --> 01:16:20,000 the policies or do you just want me to bring back the two policies the tax bitumen and the 380 780 01:16:20,000 --> 01:16:26,080 or do you just want me to bring back the score sheet it seems that's where the majority of the 781 01:16:26,080 --> 01:16:32,240 items that we're considering today are if we think that the considerations are going to change other 782 01:16:32,240 --> 01:16:36,080 than the other priorities maybe but right now it just seems like we're going to prioritize and 783 01:16:36,080 --> 01:16:42,720 look at the those considerations differently i just want to keep us moving forward i think what i've 784 01:16:42,720 --> 01:16:47,520 heard and please speak up everyone um but what i've heard is i think it's just the score sheet we 785 01:16:47,520 --> 01:16:54,480 would like to have some additional comments on i believe the the rest we are on board with unless 786 01:16:54,480 --> 01:17:02,720 someone wants to speak up now i want to add some to the score sheet use of local contractors 787 01:17:02,720 --> 01:17:11,840 i'm not seeing any incentive to help grow small businesses we want to use local contractors but 788 01:17:11,840 --> 01:17:20,640 every business uh uh most of their products is is uh coming from outside of their business 789 01:17:20,640 --> 01:17:25,360 they're coming from outside of the city it comes from outside the state i like to see something 790 01:17:25,360 --> 01:17:32,480 where we're encouraging the big businesses just for example Peterbilt built up 3,000 parts 791 01:17:32,480 --> 01:17:38,960 and most of those parts are coming from a business on outside of the state of Texas maybe 792 01:17:38,960 --> 01:17:44,400 or some of them may be inside what are we doing to encourage the businesses to help develop those 793 01:17:44,400 --> 01:17:52,880 small service businesses that could help grow small businesses and didn't as far as even the big 794 01:17:52,880 --> 01:17:59,840 companies giving those small business grants and contract to develop within grow within so to speak 795 01:17:59,840 --> 01:18:08,240 there's nothing to say come come to didn't as a small business uh incentives for that your your 796 01:18:08,240 --> 01:18:15,440 your uh tax base is too small your income base is too small so we don't want to incentivize you to 797 01:18:15,440 --> 01:18:22,720 come to get as a small business and grow uh and when we only want to use local businesses we're 798 01:18:22,720 --> 01:18:28,480 making we're limited to those local businesses growing bigger and bigger but not having smaller 799 01:18:28,480 --> 01:18:33,760 business to come and develop within the city Peterbilt's an excellent example of a business 800 01:18:33,760 --> 01:18:39,200 that has attracted a number of other businesses that support Peterbilt and their peer locally 801 01:18:39,200 --> 01:18:45,920 the second item here encourage new business markets suppliers for our big business and 802 01:18:45,920 --> 01:18:51,360 entrepreneurship we also had grant programs that gave additional incentive additional percentage 803 01:18:51,360 --> 01:18:57,760 amount to entities that recruited suppliers for our major employers all of our major employers so 804 01:18:57,760 --> 01:19:03,120 that's something we look at doing and we try to do and sometimes they are large enough where they 805 01:19:03,120 --> 01:19:10,320 can get uh garner and incentives themselves mr kane's did you also have that on the scorecard 806 01:19:10,320 --> 01:19:16,960 the use of local contractors yeah that's what he started discussing under public benefit but i think 807 01:19:16,960 --> 01:19:25,680 to your point i think that that is an area as far as um what the city is tackling at each at a time 808 01:19:25,680 --> 01:19:32,880 so there's the business retention aspect there is the marketing to other uh businesses whether 809 01:19:32,880 --> 01:19:39,040 they're smaller big coming and and where those advertisements go to try to collect people where 810 01:19:39,040 --> 01:19:44,800 the communications the different kinds of not conferences what i can't think of the word i'm 811 01:19:44,800 --> 01:19:49,920 looking for but uh where there is outreach trying to get all size businesses to come so 812 01:19:49,920 --> 01:19:56,640 i think that's something that we should continue to talk about where that fits into the plan but i 813 01:19:56,640 --> 01:20:03,680 think that it it's one of many items that i believe that the city is concerned about and wants uh 814 01:20:03,680 --> 01:20:10,720 tackle sometimes they're something i think if you made early then it's not a business 815 01:20:10,720 --> 01:20:15,920 friendly title and i think it's coming from the small business sector than the large business sector 816 01:20:15,920 --> 01:20:22,000 we're doing some different programs not with always with incentives so business retention 817 01:20:22,000 --> 01:20:27,120 so business retention on our rewards we've just now we've added new programs right so we have small 818 01:20:27,120 --> 01:20:32,960 business awards that wasn't always there we had different categories we have minority now we also 819 01:20:32,960 --> 01:20:37,440 on our business retention visits will encourage them to register as a hub a historically under 820 01:20:37,440 --> 01:20:41,200 utilized business so that more entities will know about them and will use them more readily 821 01:20:41,200 --> 01:20:45,840 so register for the state so a lot of this is behind the scenes it's more of a business retention 822 01:20:45,840 --> 01:20:52,640 so we do some of that internally 823 01:20:52,640 --> 01:21:04,480 that's what i was just saying i agree that um i think most of the conversation is around the 824 01:21:04,480 --> 01:21:08,720 the matrix and i don't i think we can move forward do you want to vote yes or what do you want to do 825 01:21:08,720 --> 01:21:13,840 i don't know do we need a vote for that yes in order to bring it forward to council you need 826 01:21:13,840 --> 01:21:20,480 a recognition i second that all right so it's been moved and seconded to recommend the policy 827 01:21:20,480 --> 01:21:27,760 changes that have been presented today holding back yes we couldn't quite hear it there's a lot 828 01:21:27,760 --> 01:21:40,640 and the second was mr riker thank you all right so holding back to make available other comments to 829 01:21:40,640 --> 01:21:49,520 include on the matrix uh but other than that approving uh the policy changes to council does 830 01:21:49,520 --> 01:21:55,360 that correctly state the motion all right it's been moved and seconded uh is there any discussion 831 01:21:55,360 --> 01:22:01,280 before we take a vote it's a quick question yes counseling so the matrix your your intentions of 832 01:22:01,280 --> 01:22:06,720 the matrix would be an attachment to the policy so it doesn't it could be changed internally it 833 01:22:06,720 --> 01:22:13,680 could come come back to us it could be changed by staff over time um are we going to see the matrix 834 01:22:13,680 --> 01:22:20,640 again before council sees it or would the policy go forward and evpb is looking at the matrix too 835 01:22:20,640 --> 01:22:24,960 because council is going to have input on the matrix well we are going to have a work session 836 01:22:24,960 --> 01:22:29,440 with council first so they won't be approving it we don't want to introduce it get feedback 837 01:22:29,440 --> 01:22:33,600 and we can get feedback from both entities before we bring it forward because this process is going 838 01:22:33,600 --> 01:22:40,000 to take a little while so at the work session if we if we approve this motion today would council 839 01:22:40,000 --> 01:22:48,720 get um this matrix and and the kind of caveat that we've gotten good input from evpb go watch 840 01:22:48,720 --> 01:22:54,240 that if you want to council what's your input or is council going to get an updated draft that 841 01:22:54,240 --> 01:22:59,360 incorporates our comments uh they can take their time and then we'll see what comes back from them 842 01:22:59,360 --> 01:23:04,640 like just what's the workflow i'm going to update the draft that's going to go towards council based 843 01:23:04,640 --> 01:23:12,240 on the comments received today you will receive this again along with some example scoring from 844 01:23:12,240 --> 01:23:17,360 two or three different probably three different entities um so you can see how they score and we 845 01:23:17,360 --> 01:23:21,840 and we can tell them that we're going to do that we plan this is a comments received this is what 846 01:23:21,840 --> 01:23:26,240 we're going to do this is our plan and then we're going to bring it back but concurrently so we can 847 01:23:26,240 --> 01:23:30,560 incorporate bulls moving forward i think we'll have the best policy documents if we do it that 848 01:23:30,560 --> 01:23:34,880 way thank you yes i would like to structure it with y'all's comments first thank you 849 01:23:34,880 --> 01:23:41,120 any other questions or comments before we take it to a vote all right all those in favor please 850 01:23:41,120 --> 01:23:47,360 signify by saying aye aye all those opposed please signify by saying nay and the motion carries 851 01:23:50,160 --> 01:23:58,880 we will move on to item c edp 22-009 receive a report hold a discussion and give staff 852 01:23:58,880 --> 01:24:05,840 direction regarding board meeting dates and times for calendar year 2022 let's see if we can find 853 01:24:05,840 --> 01:24:23,360 that page all right so i believe it's page 76 of your packet if you are looking at your packet 854 01:24:23,360 --> 01:24:32,960 either online or um i mean digitally or hard copy and meetings are held on the second wednesday of 855 01:24:32,960 --> 01:24:44,320 each month all meetings are scheduled to begin at 11 a.m second all right it's been moved for 856 01:24:44,320 --> 01:24:49,120 approval and seconded are there any red flags so that anyone is seen with these dates that we need 857 01:24:49,120 --> 01:24:57,440 to consider at this time okay with that we will call a vote all those in favor of adopting these 858 01:24:57,440 --> 01:25:03,200 dates as our meeting dates for this next year please signify by saying aye aye all opposed same 859 01:25:03,200 --> 01:25:12,720 sign and the motion carries moving on to item d edp 22-017 staff reports beginning with the 860 01:25:12,720 --> 01:25:21,280 2021 business retention and expansion program report and is that you again yes just briefly 861 01:25:21,280 --> 01:25:29,360 you'll see the 2021 business expansion program report it highlights the different visits that 862 01:25:29,360 --> 01:25:36,640 she's had some of the different issues that have happened as well and you see that and then we also 863 01:25:36,640 --> 01:25:41,920 have the 2021 first quarter report some of the activities you saw in the orientation that we've 864 01:25:41,920 --> 01:25:47,360 been undergoing you'll also see in that report including updates to the strategic planning 865 01:25:48,800 --> 01:25:53,840 and then we also have fiscal year 2021 through 2022 first quarter edp report 866 01:25:53,840 --> 01:26:02,000 and i covered goals i'm sorry oh i'm so sorry yeah that's also in here and yes everyone is busy 867 01:26:02,000 --> 01:26:10,640 it does look like that okay so concluding items uh anything else that you have for us today 868 01:26:10,640 --> 01:26:18,080 okay i would like to mention it does oh okay i just to give a couple of gaffing updates to everyone i 869 01:26:18,080 --> 01:26:23,200 don't know um everyone here is aware but well we've had some changes in our in our economic 870 01:26:23,200 --> 01:26:29,680 development department five we have three agencies right now or soon to have three agencies uh dan 871 01:26:29,680 --> 01:26:35,360 who is our economic development analyst is going to work with the chamber so um if he'll still be 872 01:26:35,360 --> 01:26:39,920 involved and still be involved in the process kate patrick who we just mentioned on business 873 01:26:39,920 --> 01:26:45,040 retention our business development administrator uh took a very position with the city of graham 874 01:26:45,040 --> 01:26:48,960 prairie it makes a lot of sense for her so happy for her in that and then we're still going through 875 01:26:48,960 --> 01:26:54,640 the process on our economic development director uh we went through went through our first round of 876 01:26:54,640 --> 01:26:59,600 uh of interviews and um thought we had one good candidate didn't work out and didn't find the 877 01:26:59,600 --> 01:27:04,560 right person in that in that go around so we're back out we have the that closes again at the end 878 01:27:04,560 --> 01:27:08,480 of the month but i'm encouraged we're going to find somebody good um but certainly not going to 879 01:27:08,480 --> 01:27:14,240 settle for anything other than the best so have some vacancies we're working through it and um 880 01:27:14,240 --> 01:27:19,360 certainly glad to have erica and christina here to help get us through along with erin in the chamber 881 01:27:19,360 --> 01:27:25,520 yes ma'am can we work on a non-compete with the chamber i'll be with you 882 01:27:25,520 --> 01:27:30,880 matt is chair of this board uh please don't pick it up 883 01:27:30,880 --> 01:27:39,840 and then there has to be on the playground i actually want to give a compliment to 884 01:27:40,640 --> 01:27:47,040 erica and david we had a meeting that mayor has helped us set up the other day with a small business 885 01:27:47,040 --> 01:27:54,880 in deadon and to to carry give you some insider baseball i guess erica put together a wonderful 886 01:27:54,880 --> 01:28:00,880 portfolio for them of all of the small business local state and national grants that they would 887 01:28:00,880 --> 01:28:05,840 be available that they would qualify for so obviously it was just a small group meeting that 888 01:28:05,840 --> 01:28:13,760 took place and that's really the behind the scenes stuff that's not super glorified or anything that 889 01:28:13,760 --> 01:28:18,000 we're looking for credit for but it's absolutely what we are doing in the partnership every day 890 01:28:18,000 --> 01:28:25,680 that helps advance small businesses and that's what absolutely erica christina david the chamber 891 01:28:25,680 --> 01:28:30,800 side on the marketing team are here for that was a wonderful meeting and mayor thank you for 892 01:28:30,800 --> 01:28:35,360 the recommendation but any city council member or any business that sends us that recommendation 893 01:28:35,360 --> 01:28:40,160 we're happy to put together or any type of information so that businesses no larger small 894 01:28:40,160 --> 01:28:45,040 we're here to serve them so erica that was fantastic and david and i were really just there 895 01:28:45,040 --> 01:28:50,160 to cheer her on um but carrie please know that if small businesses are here locally that need 896 01:28:50,160 --> 01:28:54,400 assistance we're going to put together anything that we can do to support them so that's definitely 897 01:28:54,400 --> 01:29:01,760 happening i have another comment too i want to brag on christina a little bit so christina davis 898 01:29:01,760 --> 01:29:07,760 and k came up uh k brown patrick uh our business development officer came up with a small uh 899 01:29:07,760 --> 01:29:13,200 business blog that they are launching as well so we're excited about that program and the person 900 01:29:13,200 --> 01:29:18,800 that we were visiting with will be one of our first uh people to be in the top list to be in 901 01:29:18,800 --> 01:29:27,520 interviews and be on that blog and is a miss patrick brown has she already um left or is 902 01:29:27,520 --> 01:29:35,760 she still here this week her last day's friday last day's friday okay you're sorry uh to lose 903 01:29:35,760 --> 01:29:41,280 her she's been a great asset more staffing announcements our office the city attorney's 904 01:29:41,280 --> 01:29:46,160 office we fired scott gray he started with our office last week and is out of dallas he worked 905 01:29:46,160 --> 01:29:51,120 in their economic development section so happy to have him here and to help out so uh look forward 906 01:29:51,120 --> 01:29:59,440 to scott coming to a lot more of these meetings miss mac but we welcome scott i bet matt comes he 907 01:29:59,440 --> 01:30:14,080 doesn't want to miss this fund we appreciate it and we appreciate you being our city attorney 908 01:30:14,080 --> 01:30:20,400 back thank you um i did want to let you know that um the chamber of commerce does have a number of 909 01:30:20,400 --> 01:30:27,120 small business awards and the application deadline to nominate anyone you can nominate yourself you 910 01:30:27,120 --> 01:30:33,920 can nominate another business and i sure would want as many businesses and as many as many voices 911 01:30:33,920 --> 01:30:39,440 um as possible um and just let you know we have a small business of the year for-profit business 912 01:30:39,440 --> 01:30:44,480 we have a new business of the year small business community investment family-owned business of the 913 01:30:44,480 --> 01:30:49,680 year minority-owned business of the year and a woman-owned business of the year uh most of 914 01:30:49,680 --> 01:30:56,160 these i think are are generally 20 25 employees or under but this is a way that the chamber wants 915 01:30:56,160 --> 01:31:00,560 to highlight those that have overcome adversity those that have made creative changes or those 916 01:31:00,560 --> 01:31:07,600 that have invested heavily in our community um and it's not a popularity contest so you don't have to 917 01:31:07,600 --> 01:31:12,960 ask people to nominate like 75 000 times one nomination is more than one nominated your 918 01:31:12,960 --> 01:31:19,600 nominee yes yes you don't have to call every family member or friend or family just one it one solid 919 01:31:19,600 --> 01:31:24,560 nomination is enough we want to make sure that we have a cross-wide section of all of the 920 01:31:24,560 --> 01:31:31,680 so if anyone has questions see jill or myself or the lady who's on our board is fine that would be 921 01:31:31,680 --> 01:31:36,960 great thank you jill for announcing that appreciate it and a big thank you to all of you for um your 922 01:31:36,960 --> 01:31:42,320 participation today your background your intelligence your personalities all come into 923 01:31:42,320 --> 01:31:47,920 making this board as effective as possible this is very important to our city and i very much 924 01:31:47,920 --> 01:31:53,920 appreciate the seriousness and the dedication that you have to your city and a big thank you 925 01:31:53,920 --> 01:31:58,720 and we are adjourned