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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.

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Economic Development Strategy

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  1. 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

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

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