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<br /> <br />CITY OF LOUISVillE <br /> <br />749 MAIN STREET <br /> <br />LOUISVillE CO 80027 <br /> <br />BUSINESS ASSISTANCE CRITERIA <br /> <br />The City of Louisville recognizes the value of providing business assistance to aid <br />companies in locating to the City and to encourage substantial expansion of existing <br />businesses, in keeping with the overall economic development objectives. Recognizing <br />that each business may vary in the type of assistance needed and each situation may <br />differ; staff customizes all business assistance to the needs of the company and/or <br />situation. Listed below are the general criteria by which assistance may be determined <br />for each prospect. <br /> <br />Business Assistance Criteria <br /> <br />. Brings high quality development <br />. Retains basic jobs to the City <br />. Retains existing sales tax to the City <br />. Creates new sales tax to the City <br />. Utilizes an existing building(s) <br />. Complements existing Louisville businesses (i.e. a buyer or supplier that serves <br />an existing business in the City) <br />. Brings new basic jobs to the City, with average salaries above the City's <br />wage earner's median income of $79,169 <br /> <br />I Consider using state-produced average wage for Boulder County ($50,440, 2nd qtr 2009. <br /> <br />. Represents job diversity in industry sectors and is part of a growing industry <br />. Represents retail diversity <br />. Brings a value added result to the City or a development within the City (i.e. <br />moves the company's corporate headquarters to the City) <br />. The amount of the business assistance is a percentage of new revenue created <br />by the relocation of this company to the City of Louisville. <br /> <br />Assistance Packaae Process <br /> <br />A company may request, or staff may offer, business assistance from the City of <br />Louisville. Staff uses the criteria listed above to determine whether to offer assistance <br />from the City to the project. The following procedure is generally used in the <br />implementation of business assistance to a project: <br /> <br />. If the prospect does not meet the criteria above, any assistance discussion <br />discontinues <br />. Discussions occur with the prospective business concerning any specific <br />assistance needed in the early phases of the development <br /> <br />11 <br />