ed411 | 2017 | track 3: economic development for newly elected officials
TRANSCRIPT
#ED411
Chris Magill
Economic Development Manager, Ice Miller LLP
Mark Raiff
Superintendent, Olentangy Local Schools
Steve Cuckler
Partner, Taft Stettinius & Hollister LLP
#ED411
EXTERNAL ENVIRONMENT
Political and Regulatory• Upcoming elections, candidate plans & policies • Monitoring the legislature• Business regulations, industry challenges
Economic• Unemployment, housing, infant mortality• Workforce: skills and affordability• Access to credit and disposable income • Economic base jobs and companies
Sociocultural • Population demographics• Generational shifts in attitudes, values and beliefs• Health, education and social mobility
Technological• New technologies and research trends• Infrastructure impact (remote working & commuting)• Enabling investments and partnerships
#ED411
INTERNAL ENVIRONMENT
Organizational Structure• City Charter, State Agency Structure• Customer service vs. internal interfacing• Staff capacities and alignment with goals• Training and development
Goals & Performance Measures• Review of all existing plan documents• Understanding how success is measured• Understanding challenges
Major Events and Deadlines• Upcoming elections• Annual events • Policy & plan updates; annual reports; performance reviews, capital bill
Budget and Revenues• Review of budget constraints• Review of budget flexibilities• Understanding revenue sources and uses
#ED411
INCENTIVE TOOLSPayroll & Jobs
Property
Business Activities
Geography & Industry
Abatement (CRA/EZ)
Redirection (TIF)
Assessment (SID/NCA/SA/TID)
Payroll Tax Credit(JCTC)
Income Tax Credit(MITC)
Income Tax Grant(JGI)
Training Grant(JOWG)
Capital Investment Grant/Loan(JOEDG)
R&D Grants/Loans(JORDC,RDILF, IOLF)
Initiative Incentives (Targeted Industry, FDI, Brownfield)
Federal Zones & Distress(USDA, CDFI, SBA, HUD)
Keys to Incentives Budgets & value limitations Major Factor - Why does this
need public funding? Job Creation? How can sources be
combined? What is my qualitative and
quantitative ROI? What is the risk and
compliance with each program?
Public Infrastructure and Public Projects• Debt/Bond capacity• Public Works• EDA• Broadband• Transportation (ODOT,
FDOT)
#ED411
COMMUNICATIONS & ETHICSWhat are limitations for elected officials participating in economic development deals? Economic development projects can involve interactions with the following groups:
• Approval Boards• Private Business (“project owner”)• Internal Staff• Lobbyists• Associations and Non-profits
Resources: Ohio Ethics Commission, Ohio Revised Code 102 (Public Officers) and 149 (Documents, Reports and Records); Ohio Sunshine Laws Manual; Local Executive Order, Local Ethics Policy, Local Ordinances
Considerations• Giving and receiving gifts• Influencing staff/process• Failing to register• Communicating• Transparency and disclosure
#ED411
THANK YOUChris Magill
Economic Development Directorhttps://twitter.com/ProfessorMagill
https://www.linkedin.com/in/chrismagill/
https://www.icemiller.com/people/christopher-j-magill/
614-462-1141
#ED411
SCHOOL FUNDING 101
Ohio’s School Funding
Over-Reliance on Property Taxes
The Need to Build a Diversified Tax Base
#ED411
THE NEED TO ENCOURAGE
ECONOMIC DEVELOPMENT Working with Local Leaders to Build Capacity for Agreements
Educating the Community on Benefits of Economic Development
Community-Wide Improvements to Infrastructure
#ED411
Mark T. Raiff, Superintendent Olentangy Local Schools
Twitter: @SuperOlsd
#ED411
IS OUR COMMUNITY REALLY
COMMITTED TO ECONOMIC
DEVELOPMENT?SPEAKING TO A LOCAL CLUB, MAYOR BUCK RINEHART ASKED WHETHER THE AUDIENCE KNEW HOW A
PIG AND A CHICKEN ARE CONNECTED WITH MAKING BACON AND EGGS.
“THE CHICKEN’S INVOLVED,” RINEHART SAID. “THE PIG’S COMMITTED.”
DelawareNow!