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Upper Kanawha Valley Enterprise Community (UKVEC). October 11, 1999 Governing Board Meeting. Vision for the UKVEC. Create innovative responses to social and economic challenges Develop and share innovative strategies as models for West Virginia & America Empower people and communities
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Upper Kanawha Valley Enterprise Community (UKVEC) October 11, 1999 Governing Board Meeting
Vision for the UKVEC • Create innovative responses to social and economic challenges • Develop and share innovative strategies as models for West Virginia & America • Empower people and communities • Invigorate communities to build upon themselves 2
Community Empowerment Board • Chaired by Vice President Al Gore • Cabinet Secretaries are members • Major domestic Agencies are members • Oversees EZ/EC program and empowerment policy 3
UKVEC Objectives • Promote economic self-reliance • Strengthen public-private partnerships • Involve all residents (especially low-income) • Balance environmental, economic, and community development • Encourage innovative solutions 4
Four Key Principles • Economic Opportunity • Sustainable Community Development • Community-Based Partnerships • Strategic Vision for Change 5
Economic Opportunity • Employment opportunity for all residents • Economic self-sufficiency and diversity • Community revitalization • Entrepreneurial initiatives, small business expansion • Job training for upward mobility 6
Sustainable Community Development • Comprehensive strategies that address physical and human development • Accessible human services • Commitment to learning • Commitment to families • Commitment to communities • Environmentally friendly • Adequate and affordable housing 7
Community-Based Partnerships • Broad and active participation from the community • Foundation, private and non-profit partnerships with the community • Federal/State/Community collaboration • Comprehensive and strategic approach to planning, funding, and implementation 8
UKVEC Strategic Vision • Identifies what the community wants to become • Shows how the community will achieve its vision • Mobilizes the response to community-identified needs • Sets realistic goals, objectives, performance benchmarks, and a framework for assessing progress (1998 - 2008) • Modified based upon emerging communities’ needs 9
Time Period for Designation • December 24, 1998 - December 31, 2008 10
Benefits... • $2.5 million USDA Entitlement • Special Federal Funding Consideration • Work Opportunity Tax Credit (WOTC) • Brownfields deductible expense • Qualified Zone Academy Bonds(Tax credit bonds for banks, insurance companies, and corporations lending money) • SBA HUBZone (Contracting preferences to small businesses) 13
Benefits: Entitlements • USDA Entitlement • $2.5 million • $250,000 per year for 10 years • Special Funding Consideration for over 40 Federal Programs 14
Benefits: Special Consideration • Basic living needs (i.e., infrastructure) • Efforts to create employment opportunities • Job training and job readiness • Public health education, primary healthcare, alcohol and substance abuse, and mental heath services • Education and technology projects • Policing and criminal justice projects 15
Benefits: Work Opportunity Tax Credit (WOTC) • 40% of qualified first-year wages paid to a member of a targeted group (first-year wages < $6,000). Targeted employees include high risk youth, food stamp and SSI recipients, vocational rehab referrals and others. 16
Benefits: Brownfields remediation is a tax deductible expense • Certain environmental remediation and improvement expenditures may be tax deductible • Expense otherwise capitalized into the cost of the land • Cost paid or incurred prior to January 1, 2001 17
Benefits: Qualified Zone Academy Bonds • Tax credit bonds for financial organizations that hold “qualified zone academy bonds” are entitled to a nonrefundable tax credit in an amount equal to a credit rate (set by the Treasury Department) multiplied by the face amount of the bond. They may or may not be interest bearing; if so, the interest is taxable. • National limitation across all empowerment zones and enterprise communities of up to $400 million each year for years 1998 and 1999 18
Timeline • Program announced in April 1998 • 17 nominations submitted to Governor Underwood on September 10, 1998 • Empowerment Zone nominations submitted to USDA on October 9, 1998 • Announcements of new Round II Empowerment Zones/Enterprise Communities on January 12, 1999 • Nomination approved for UKVEC-December 24, 1998 • Memorandum of Agreement between USDA and UKVEC late-October/early-November, 1999 19
Empowerment means Communities • Set their own vision • Control resources • Build citizen participation • Implement ideas and thoughts 20
Partnerships are the Key • Leaders with residents • Public- with private-sector • Communities with state and federal governments • Organizations with organizations • Citizens with citizens 21
Private Sector is Key to Long-Term Success • Creates new jobs • Provides resources for plan implementation • Reinvests tax credits in the community • Creates economic diversification • Markets the development areas/communities/residents • Brings innovations to the community 22
Citizens should expect to participate by: • Becoming involved • Sharing in decision-making • Implementing the plan • Assessing progress • Approving changes to the plan 23
UKVEC GOVERNING BOARD (8) GOVERNING COMMITTEES Economic Development Family & Human Services/Public Health, Fitness & Safety Recreation, Entertainment & Tourism Arts, Culture & History Education & Training Where do we go from here? 25
(8) GOVERNING COMMITTEES • Natural Resources & Environmental/Farms and Agricultural • Building, Housing, Land Use/Planning Management & Governance • Communication & Transportation/Utilities and Infrastructure 26
UKVEC’s Recent Projects Town of Handley-YMCA/Human Service Center Demolition-Dilapidated Housing 27
UKVEC’s Recent Projects Paint Creek Rails-to-Trails Upper Kanawha Valley Community Center-Kimberly 28
UKVEC’s Recent Projects Group Workcamps Incubator/CommunityCenter 28
“Sorry guys, there are no employment opportunities for USDA employees at either of our exclusive institutions, SALS and WVU Tech.”