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to . d ai : I: J 686 J .;: . >; 86::::1: I:¿I> WOdd rJ3'ìI3::3d -- -. ... - - -- -- NOTES I. :EC:ONOMJC DE"JrOPMENT TEAM The economic development team operates as the sales oflanizacion for the community. (n learehio. for the ,i,ht team meØ!ben, the primary concern must be the prospeçtive member's interlst in economic development. Team memben are characterized by their sincefe e((ort and dedication to. build!.., I.D economic future for their community and area. n. WRJTTEN ECONOMIC D:EVELOPMJ:~ PLAN Tbe economic devlloømeat plan should serve as a serlt'lie ,uide to your city's efCoru. The pi.. should coatai.. the city's loal, and objecdves fOf economic: development--whether that muns attraction of Dew industry. expansion of tourism, and/or retention and expansion of edldol industry. It should iDclude an Iction plan of improvements the city needs to mske in order to attract eeoDomic activity. Each team member will then be assianed responsibility for aslurin, that all pas1I ot the plan an completed. LCa... usiltance is available 10 Iroups who would like help dlvelopin. a written plan. III. TRAINING The LCRA Leadenhip conference provides , lreat deal of information on what activities the economic development team should undertake. This aDd other LCRA trainin, is available al a nominal charle. Leadership trlinin8 is liso provided by many olher entides ineludinl a number of private coD¡ulcantJ. It is appropriate for the chy to budse! funds to acquire trainin, for the team, IV. PROSPECT SIMYLð llQN ~ð'JIo1TNG Clwtoom trainioø is DOC sufficienl to prepare communities for an eventual prospect site visia. For thac, we feel prospect simulation traininl is invaluable. Each team will conlnet with a trainer to provide prospeCt trainin8. Howevert if sufficient interest i¡ expressed, LCRA will coordinate the hifiD, of one consultant by a sroup of communities in hope or reducinl the overall cost to each city. LCRA hopes to be able to contraCt with an ouClid. specialist to provide _imulation trainin& i.a the future. IV, DA T ~ The LCRA economic: development pr08ram Clnnot adequately represent any city which does noc complete and send in information (or Ihe Data Blnk. If you do Dot hIVe data forms, contact the LCRA ED program (512) 473-3200 ell. 2U4. V. INCENTIVE PLAN The community's buic incendve plan wiliinow you to determine in advance what levels of incentive wilt be oCrered to I prospect that brioas I particular number of jobs or level or investment. The plan Cln include the services that LCRA, other utilities, and the state of Texas will provide. Local incentives caD include tax abatement, (ree land, infrastructure financinl. or any other incentives the commuDity wanta to oCCer. II is Dot necessary to offer any incentives. On ineentivlSt the mOlt important thin, to nm.mber is Dot to ,¡VI away more than you can afford or more than the jobs are worth. The iDcencive plan will assure con.sisceDc treatment of prospects and remind you Dot to bid too much Ì4 Che uc:itement of the moment. VI. F -6GT DQQ& MaDy e..eellent Iumpl.. ot lact books are .va¡¡able co help you ..c statted on this step. The LCRA pfOlram library has copi.. available for euminacioD in OUt officII or we can SUllest who to caJi for an individual copy. VII. Get 1ft optio.. on POtential iDdustrialland to lS$ure that. deal dOCSDtt taU tbroUlh due to indecision 00 the pitt of the laadowaer. Establish. firm price ror your option, but be prepared to reoelotilte it periodically as market conditioDS chanle.