Economic Development Strategy

Economic Development Strategy• Institutional Frameworks– Public Salt Lake City– Private Chamber of Commerce– Partnership Economic Development Corporation

of Utah• Locality Development• Business Development• Human Resource Development• Community Economic Development

Locality Development• Landbanking & community trusts• Infrastructure improvements to commercial

and industrial land• Speculative buildings• Zoning regulations• Business improvement districts• Regulatory streamlining• Housing and neighborhood services• Community services

Business Development 1• Permitting ombudsman• One-stop business assistance• Start-up and venture capital/incubators• Small business development centers• Micro enterprises• Women’s enterprises• Promotion and tourism• Enterprise zones

Business Development 2• Financial incentives Development– Tax abatement– Land and building write downs– Low interest “mezzanine” loans– Tax increment financing

• Financial incentives Jobs– New worker corporate tax credit– Sales and property tax rebates related to new jobs– Targeted training assistance

Human Resource Development• Workforce development– Job and skill matching– Placement services– Transportation– Family-based support for workers

• GED• Targeted skills training and retraining• Professional and continuing education

Community Economic Development• Community development corporations• Housing development corporations• Community cooperatives• Local enterprise agencies; public-private

partnerships• Employee/worker ownership• Targeting and marketing neighborhoods,

small-scale business areas