Laserfiche WebLink
1. Review Existing Conditions-Review applicable planning documents, <br /> policies,and projects in the pipeline; demographics and psychographics'; real <br /> estate market/economic studies; and other applicable studies and reports to <br /> better guide development of new robust economic development vision,plan, <br /> and strategies. <br /> 2. Vision&Barriers- Meet with Mayor, Deputy Mayor and key staff regarding <br /> known barriers to achieve economic interests and discuss desired outcomes <br /> and the desired future for each identified planning area. Important to dream <br /> big and promote a bold vision for what Everett will be tomorrow. <br /> 3. Public Involvement-Take proposed Vision and its known barriers and build <br /> upon it with feedback from various groups and stakeholders (Economic <br /> Development Advisory Committee,residential community,active <br /> organizations, development interests,etc.). <br /> 4. Action Strategies - Develop specific strategies that create or stimulate the <br /> economic environment and vision desired. Generally, cities incentivize <br /> development by the actions identified below: <br /> Tax Structure-Create an inviting and competitive tax and fee structure <br /> in which to operate (e.g.,reduced,deferral, or waiver of certain taxes and fees <br /> that have been determined to be a hurdle to the desired development). <br /> Regulatory Process-Provide a consistent, efficient,and predictable <br /> path for obtaining any necessary land entitlements,construction permits,and <br /> inspections. <br /> Infrastructure/Land-A foundation of economic development is the <br /> provision of needed infrastructure to support desired development(e.g., <br /> roads,utilities,etc.). Cities that have surplus land can sell such land for private <br /> development adjusting the sales price to attract development provided <br /> certain public benefits are quantified thereby meeting the local governments <br /> requirement to receive"market value"for any public property(see above <br /> catalyst site activities to be included as desired and applicable.) <br /> Vision- Providing the vision (comprehensive plan/zoning ordinance, <br /> downtown sub-area plan,downtown or real estate marketing collateral) <br /> about the type of development is a key role for local government. Developers <br /> generally want to build and locate their development in communities that <br /> have exhibited through words and actions that development is wanted, <br /> assuming that their project is economically viable in that location. <br />