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Res 2016-015/amending the City’s Economic Development Policy to require that jobs qualifying for an economic development incentive pay a family living wage, including employer sponsored health insurance benefits;
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Res 2016-015/amending the City’s Economic Development Policy to require that jobs qualifying for an economic development incentive pay a family living wage, including employer sponsored health insurance benefits;
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2/16/2016 1:15:04 PM
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Resolutions
City Clerk - Type
Amending
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Res 2016-15
Date
2/2/2016
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Does the project have the potential to either seed a new economic cluster or bring additional <br />o <br />firms to San Marcos? <br />Will the firm directly compete for resources with existing local firms? <br />o <br />Measurements: <br />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’sinfrastructure? <br />o <br />D.Labor Force Practices <br />All jobs calculated or counted for economic development incentive purposes shallearn no less <br />o <br />than a “family livingwage,”as defined herein, throughout the full term of the agreement. <br />Will the bulk of new hires be local or imported? <br />o <br />What is the average wage paid? How does it compare to the local or national industryaverage? <br />o <br />What is the median wage paid? How are job categories and wages distributed within the overall <br />o <br />structure? <br />What training is provided?Are there opportunities for advancement? Are there funds for <br />o <br />additional education (tuition match, etc.)? <br />Does the firm actively promote diversity in hiring and promotion? <br />o <br />Measurements: <br />Number and percentage of jobs earning a familyliving wage <br />Average and median wages compared to national /regional averages <br />Estimate of percentage of hiring from local labor force <br />E.Cultural/Quality of Life Considerations <br />Does the firm have a proactive cultural outreach program? <br />o <br />Does the firm actively encourage employee volunteer /charitable efforts? <br />o <br />Measurements: <br />Analysis of above items, based on objective measures (third -party reports, judgments <br />/legal actions, etc.) as well as interaction with the firm. <br />Extraordinary Economic Impact (only one required) <br />F. <br />The firm is in a targeted industry <br />o <br />The firm is involved in leading edge technology <br />o <br />State economic development funds are available for the firm <br />o <br />The firm will generate 200 jobs or more <br />o <br />Process <br />Firm -Based Scoring System <br />Under the attached scoring system, points are assigned to each of the major criteria described above. This <br />scoring system is used to assess whether incentives will be offered to a firm and, based on the final score, <br />the potential incentive amount for the firm. <br />3 <br /> <br /> <br />
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