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<br />The City of San Marcos <br />Economic Development Policy <br />2013 <br />General Purpose & Objectives <br />The City of San Marcos is a culturally diverse, rapidly growing community that prides itself onits natural <br />beauty, young and talented workforce and friendly environment.In thebeautiful Central Texas Hill <br />Country, San Marcos serves as the Hays County seat and is located halfway between Austin, the State <br />Capitol, and San Antonio to the South on the fast growing IH 35 corridor. Hays County has been ranked <br />one of the fastest growing counties in the nation given the numerous factors that make San Marcos an <br />appealing place to live and work. This economic development policy has been developed in order to help <br />make San Marcos the most desirable place to locate or expand a business in the nation. <br />Definitions <br />“Preferred Scenario Map," means geographic region of the City of San Marcos as shown on the attached <br />Exhibit A, where development is preferred by city planners. <br />“ <br />1.COSM Water Quality Regulations," means the City of San Marcos' water quality regulations, <br />standards, and requirements, including those appearing in the City Code or other ordinance, or <br />administrative rules. <br />2.“Economic and Fiscal Impact," means impact any given project may have on the tax base of the City <br />of San Marcos and financial ability to meet the desired level of service expected by citizens. <br />3.“Headquarters," means the physical location of a company’scenter for administrative operations and <br />the physical location of the primary office for the Chief Operating Officer, President, or principal <br />management of the company. <br />4.“Family living wage,” means a wage of $15.00 per hour, plus employer-sponsored health insurance <br />available to the employee and dependents that provides coverage equal to that offered to anyother <br />full-time employee of the company. <br />5.“Local firm,” means a firm engaged in business and located within the taxing jurisdiction of the City <br />of San Marcos. <br />6.“Average wage,” means statistical average mean wage being paid or proposed wage to be paid by <br />prospective company. <br />7.“Median Wage," means statistical median wage being paid or proposed wage to be paid by <br />prospective company. <br />1 <br /> <br /> <br />