Each Application shall include an Economic Development Plan. The Agency shall evaluate and numerically grade each Economic Development Plan on a competitive basis, based upon the categories and the corresponding point values set forth below and the scoring method described in section 8448.11. The Economic Development Plan shall include the items described in subsections (a) through (e) below:
(a) Marketing the Targeted Tax Area: up to 300 points.
The Economic Development Plan shall contain a detailed marketing plan for the Application Area. The marketing plan shall include the following information:
(1) An explanation of the specific marketing goals and the course(s) of action to be taken in order to attain the specified goals:
(2) A detailed description of the plans to:
(A) Keep existing businesses from leaving the Application Area; and
(B) A detailed description of the plan to help existing businesses to expand;
(3) A detailed description of the plans to attract new businesses into the Application Area. In the description, the Applicant shall identify the types of industries targeted for attraction.
(4) A detailed description of the role of the local economic development corporation, or similar organization;
(5) A detailed description of the sales plan for on-site visits to existing and/or new businesses;
(6) A detailed analysis of the advertising and promotional strategy, including a media analysis and samples of existing advertising and promotional materials;
(7) A detailed analysis of the staff, organization and budgets to be committed to the marketing plan by all organizations;
(8) Specific examples of successful efforts by the corporations or organizations identified in subsection (a)(4) above to attract and/or retain businesses;
(9) A list of all Application Area commercial real estate brokers who will handle real estate transactions within the Application Area; and
(10) Infrastructure: a detailed analysis and description of the availability and condition of the infrastructure within the industrial or commercial (as appropriate according to the type of businesses identified in subsection (a)(3) above) area. The analysis and description shall include the condition, capacity to deliver service, and available capacity of:
(A) Water supply;
(B) Storm drainage;
(C) Sewer and waste treatment plant;
(D) Natural gas and electric; and
(E) Streets and street lighting;
(F) Any other indicators of the capacity, condition and availability of the infrastructure within the Application Area.
(11) A description of all plans to expand or improve the infrastructure, including the projected costs, proposed financing and the time tables for completion.
(12) A list of all agencies, organizations and firms that will provide financial assistance to businesses within the Application Area.
(13) An explanation of the types of services each entity identified in subsection (a)(14) offers and a detailed record of the companies that have received financial assistance during the three (3) year period prior to the date the section 8448.4(a) letter was mailed by the Agency.
(14) A list of all financial institutions with facilities located in or near the Application Area that have expressed an interest in making business loans to companies located in the Application Area. A list of those financial institutions which are presently making loans guaranteed by the United States Small Business Administration.
(15) A detailed description of the loans available through programs currently offered by the Applicant, together with data showing the result of these loan programs for the three (3) year period immediately prior to the date the section 8448.4(a) letter was mailed by the Agency.
(16) A description of any other financial incentive programs currently in existence.
(b) Job development: up to 200 points.
The Economic Development Plan shall contain a detailed description of the Applicant's plan to identify, train, issue vouchers, and place unemployed and under-employed persons residing in the Application Area into the jobs created through the marketing of the Application Area, “Job Development Plan”. The Job Development Plan shall include the following items:
(1) A detailed description of the process for issuing hiring tax credit vouchers and placing employees in Targeted Tax Area jobs, including a discussion of the role of the one-stop hiring center in this process.
(2) A description of the Applicant's plan to implement the goals and objectives of CalWORKs (Chapter 2, commencing with section 11200, of Part 3 of Division 9 of the Welfare and Institutions Code).
(3) A detailed explanation of the specific resources that each agency and/or contractor shall contribute to the implementation of the Economic Development Plan.
(4) A detailed explanation of the coordination of marketing efforts with job development agencies and/or contractors.
(5) Data that shows the track record of job placements by each agency and/or contractor over the two (2) years preceding the date the Applications were mailed by the Agency.
(6) A detailed organization chart showing all staff persons providing job development management and services for each agency and/or contractor identified in the Economic Development Plan. The organization chart shall include the Applicant's job development coordination staff.
(7) Any other plans the Applicant will implement to develop jobs in the Application Area.
(c) Local Incentives; up to 300 points.
The Economic Development Plan shall include a detailed description of the local incentives to be provided by the Applicant and a detailed explanation of how the proposed local incentives will stimulate business investment in the Application Area. The following information shall be included in the Economic Development Plan:
(1) A description of any plans to reduce fees for businesses located in the Application Area, including development fees, license fees, and permit fees.
(2) A description of any plans to reduce the administrative processing time required for plan review and permit applications for businesses located in the Application Area.
(3) A description of any other incentives that will be offered through other entities such as Private Industry Councils or energy suppliers.
(4) A description of the land use plan, together with maps of the Application Area, that forecast local zoning plans for the next 5 to 10 years to ensure that the projected zoning plans are consistent with the Economic Development Plan.
(5) A description of any other incentives the Applicant will offer to businesses located in the Application Area.
(d) Program Management: up to 200 points.
The Economic Development Plan shall contain a detailed description of the annual budget(s), staff and organization for administration of the Application Area. The description shall include:
(1) The Applicant's proposed annual line item budget and the source of funding that the Applicant will commit for the administration of the Application Area.
(2) The annual budgets for each agency; or organization, other than the Applicant, which has been identified in subsection (e) as providing marketing, job development, and other aspects of implementing the Targeted Tax Area.
(3) The name(s) of the person(s) who will act as the Targeted Tax Area coordinator(s) and administer the Targeted Tax Area.
(4) An organization chart that shows all persons and organizations involved in all aspects of the Application Area, including marketing, job development, financing and administration, together with their reporting relationship to the Targeted Tax Area coordinator. The organization chart shall also define the coordinator's reporting relationship to or in the Applicant Jurisdiction(s). The organization chart shall identify persons involved in administering all aspects of the Application Area by name and/or job title, and not by the agency with whom they are affiliated.
(5) A detailed description of plans to ensure ongoing collaboration between the entities in multi-jurisdictional zones.
(6) Any other program management strategies for the proposed Targeted Tax Area.
(e) Letters from the administrators of all cities, counties, agencies, organizations, financial institutions and businesses which have been identified as program participants in subsections (a) through (d). The letters shall include the specific commitments that the organization will make to the Application Area, not general statements of support. The statements shall also identify staff, staff time, and/or funds committed to the Application Area.
Credits
Note: Authority cited: Section 7097(a), Government Code. Reference: Section 7097(a) and (d), Government Code.
History
1. New section filed 12-17-98; operative 12-17-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 51).
2. Change without regulatory effect renumbering title 10, section 5622.6 to title 25, section 8448.6 and amending section and Note filed 7-19-2005 pursuant to section 100, title 1, California Code of Regulations (Register 2005, No. 29).
This database is current through 6/21/24 Register 2024, No. 25.
