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Res 2013-185/Adopting a new economic development incentives policy
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Res 2013-185/Adopting a new economic development incentives policy
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Last modified
1/22/2015 4:18:32 PM
Creation date
12/20/2013 2:24:48 PM
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Resolutions
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Adopting
Number
2013-185
Date
12/17/2013
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Res 2016-003/adopting a Policy Regarding Use of the City of San Marcos Economic Development Supplemental Fund, as an addendum to the City of San Marcos Economic Development Policy, adopted under Resolution 2013-185R
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❑ Is the firm a headquarters operation? Does it represent the "headquarters" of a new <br />product line /service for the firm? <br />❑ Is the firm growing? Is the firm in a growing industry? How stable is the firm? <br />Measurements: <br />o Economic impact analysis (jobs, economic activity) <br />o Net fiscal impact analysis <br />o Discussion of other items <br />B. Local Linkages to the San Marcos Economy <br />❑ Does the project make use of an especially underutilized asset? <br />o Certain segments of the labor force /current office space <br />❑ Will the project create significant contracting opportunities for local firms? <br />o Small /disadvantaged business <br />❑ Does the project fill a gap in the San Marcos economic base? <br />o Key supplier relationships <br />❑ Does the project have the potential to either seed a new economic cluster or bring <br />additional firms to San Marcos? <br />❑ Will the firm directly compete for resources with existing local firms? <br />❑ Measurements: <br />o Analysis of above items in light of information gleaned from both the firm and <br />secondary sources <br />C. Infrastructure Impact <br />❑ Will the firm make a disproportionate demand on the community's infrastructure? <br />D. Labor Force Practices <br />❑ Will the bulk of new hires be local or imported? <br />❑ What is the average wage paid? How does it compare to the local or national industry <br />average? <br />❑ What is the median wage paid? How are job categories and wages distributed within <br />the overall structure? <br />❑ What training is provided? Are there opportunities for advancement? Are there funds <br />for additional education (tuition match, etc.)? <br />❑ Does the firm actively promote diversity in hiring and promotion? <br />❑ Measurements: <br />o Average and median wages compared to national /regional averages <br />3 <br />
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