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ECONOMIC DEVELOPMENT IN LOUISVILLE T he City began its economic development incentive program in 2007. Since that time, the program has brought a variety of companies, restaurants, and jobs to Louisville. The list includes, among others, seven new restaurants, a medical device manufacturer, the expansion of a food production facility, and two renewable en- ergy companies. All told, the program has brought almost 1000 new jobs to Louisville, ranging from engineers and accountants to restaurant staff. This tally does not include those companies that have located in Louisville without use of the incentive program. The restaurant business has done particularly well in recent years. You can see in the chart to the right that city -wide Louis- ville's restaurants have continued to grow since the beginning of 2008. ConocoPhillips is expected to submit the final plans for their site in early 2011 with construc- tion to begin in late 2011. Con- oco anticipates opening its global training and renewable energy research center in 2013. Conoco has not asked for, nor been given, any incentives from the City. The City's economic develop- ment department continues to work to retain those companies already in Louisville and attract new businesses. This includes: • Having regular communications with Wal -Mart and Safeway to find buyers for their vacant properties; • Working with potential buyers, tenants, and commercial real estate brokers to fill vacant commercial and retail properties in Louisville; • Partnering with the Chamber of Commerce and the Downtown Business Association to support the local business community, as well as working with the Metro Denver Economic Development Corporation to show Louisville properties to potential new businesses; • Meeting with existing businesses to discuss the local business climate; • Incentivising existing businesses to expand in, and new businesses to relocate to, Louisville. The City's Business Retention and Development Committee (BRaD) is comprised of members of the City Council, the Revitalization Commission, the Planning Commission, and representatives from the Chamber of Commerce and Downtown Business Association. The City's Economic Development Director Bonnie Star and members of BRaD, work with the business community to better understand what companies need to grow and thrive in Louisville and how best to make Louisville a place where people want to locate their companies. You are invited to attend the monthly BRaD meetings to learn about the Committee's goals and give your input. BRaD meets the first Monday of each month at 8:00 AM in the Library Meeting Room (951 Spruce Street, meeting room door on the NW corner of the building). You can also check out the BRaD web site at wwwLouisvilleColo- rado.biz for information about the local incentive program. Sales Tax Generated From Restaurants City -Wide $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 • Jan Feb Mar Apr May Jun Jul Aug Sep 2008 — 2009 2010 Winter 2010 - 2011