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Goals <br />Economic Prosperity Program Key Indicators <br />Business Retention and Development Sub -Program <br />Promote a thriving business climate that provides job opportunities, facilitates <br />investment, and produces reliable revenue to support City services. <br />Objectives <br />Maintain positive business relationships throughout the community and assist property <br />owners, brokers, and companies in finding locations and/ or constructing new buildings <br />in the City. Attract and retain a diverse mix of businesses that provide good employment <br />opportunities for Louisville residents. <br />2020 <br />2021 <br />2022 <br />2023 <br />INDICATOR <br />UNIT <br />ACTUAL <br />ESTIMATED <br />PROJECTED <br />PROJECTED <br />Effectiveness <br />Commercial <br />% Office <br />18.06 <br />20.75 <br />18.0 <br />16.25 <br />Vacancy Rate <br />Target = 20% <br />/o ° Retail <br />20.96 <br />36.08 <br />28.75 <br />20.75 <br />(Office, Retail, <br />% Industrial <br />32.04 <br />45.63 <br />32.5 <br />21.25 <br />Industrial) <br />In -City Sales Tax <br />Per Square Foot <br />Target = $8.00 <br />$/Sq Ft <br />7.38 <br />7.52 <br />7.50 <br />7.63 <br />of Retail Space <br />In -City Sales & <br />Use Tax per <br />Target = $600 <br />$/Capita <br />542 <br />554 <br />554 <br />565 <br />Capita <br />Percentage of <br />Business <br />Assistance <br />Package <br />Target = 25% <br />% <br />18 <br />223 <br />59 <br />32 <br />Incentive Dollars <br />Rebated to Tax <br />Generated <br />Business <br />Assistance <br />Package <br />Target = $2,000 <br />$ <br />1,619 <br />5,821 <br />3,498 <br />4,342 <br />Incentive Dollars <br />Rebated Per Job <br />Added <br />Community <br />Survey Question: <br />%° Excellent or <br />Rating of Overall <br />Target = 88% <br />Good <br />84% <br />84% <br />84 ° <br />84 ° <br />/°/° <br />Economic Health <br />of Louisville* <br />Business <br />Satisfaction <br />Target = 75% <br />Rating <br />N/A <br />N/A <br />N/A <br />N/A <br />Survey Rating <br />'Last Community Survey conducted in 2020; question first asked in 2020. <br />**Business Satisfaction Survey not yet developed; anticipated to be administered in 2022. <br />25 <br />