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5/2/2019 <br />LCity <br />Louisville <br />COLORADO• SINCE 1878 <br />Business Assistance Program <br />Analysis <br />Aaron DeJong <br />Economic Development Director <br />Strategy <br />LCityaf <br />Louisville <br />COLORADO• SINCE 1878 <br />• Primary Employer Packages <br />— Are the jobs created and maintained earn a salary <br />greater than the Boulder County average wage <br />(Currently $65,000 per year)? <br />— Does the investment in Louisville real estate yield <br />significant new revenues to the City? <br />— Is the business in an industry that adds to job diversity <br />or builds on an existing competitive advantage for the <br />City? <br />— Is the project a headquarters location for the <br />business? <br />BAP Analysis <br />LCity <br />Louisville <br />COLORADO• SINCE 1878 <br />• BAP Program began in 2007 <br />— 72 Total Agreements <br />• 54 either completed/underway <br />— 17 are Retail <br />— 37 are Commercial/Industrial <br />• 18 projects were not advanced <br />• BAP Agreements are typically rebates of: <br />— Sales Tax Rebates <br />— Building Permit Fees <br />— Construction Use Tax Rebates <br />— Consumer Use Tax Rebates <br />Strategy <br />LCityaf <br />Louisville <br />COLORADO• SINCE 1878 <br />• Retail Packages <br />— Existing Louisville retailers expanding their <br />operations to facilitate greater sales at the <br />location <br />— New retailers looking to locate in Louisville within <br />new retail buildings being constructed in town or <br />in properties having been vacant for a significant <br />period of time. <br />1 <br />