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Metro Everett,Incentives Proposal(Draft) <br /> o Greater flexibility or alternatives for on-site recreation and open space for <br /> multi-family development <br /> The City should also continue to invest in transit improvements,streetscape,bike <br /> routes,and an improved pedestrian path from Everett Station to downtown.These <br /> public investments are seen as an incentive to private development by making the <br /> area more livable and employment friendly. <br /> INCREASE EMPLOYMENT IN METRO EVERETT <br /> Creating a healthy metro area requires a healthy mix of housing, attractions and <br /> people.While the area is a significant employment hub,the City can capitalize on <br /> our identity as a manufacturing center to attract a new generation of"makers"to <br /> Metro Everett. In addition,the City can capitalize on lower housing costs and quality <br /> of life to attract office and other employment opportunities to the area. <br /> Incentives needed: The primary incentive is financial. Currently,the City provides a <br /> business and occupation tax incentive for those that employ fifty(50) or more full <br /> time employees.This scale of business precludes most businesses that would locate <br /> in the metro area,and is not supportive of small business which provides 55% of all <br /> jobs. <br /> o Expand new job tax credit program for those businesses that create ten (10) <br /> or more new full-time employment positions in Metro Everett <br /> o Expand impact fee deferral system (currently limited to single family <br /> homes) to high density (7 or more stories) mixed use development <br /> CREATE ACTIVE, SAFE AND CLEAN METRO EVERETT <br /> Creating an active,safe and clean city is the key to a renewed Metro Everett.There is <br /> a very important connection between"place making"-planning and building high- <br /> quality,walkable,urban environments-talent attraction,and long term economic <br /> development. Community input indicates that the City is on the right track,but yet <br /> many buildings remain vacant,underutilized and considered blight. <br /> Incentives needed: Both financial and development incentives are needed.The <br /> following are financial incentives: <br /> o Review ways to increase 1%for art contributions by eliminating some <br /> project exemptions outlined in EMC 2.95.030.A.2 <br /> o Create low-interest loans for facade improvements and historic <br /> preservation <br /> o Pursue designation of Community Renewal Area (CRA)to address blighted <br /> areas <br /> Draft,August 23,2016 3 <br /> 10 <br />