Business Retention and Development Committee Agenda and Packet 2011 11 07

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BRaD Meeting Summary October 3, 2011 Page 3 of 5 Some discussion took place on the progress of US36 improvements. Bonnie provided an update on the 24 BAPs approved this year. Some members requested an analysis showing what the City’s investment has been and evaluate the return on investment by showing how many jobs were created as a result of these BAPs. City Manager Fleming reported on his attendance at the Site Selection meeting in Denver this week. Bonne and Heather also attended. Some of the information that Malcolm left with is that over half of all incentives that the state has available does not go to businesses because the businesses determine it’s too difficult to complete all the paperwork. Therefore, marketing of these incentives at the state and local level is a good marketing tool for attracting new businesses without the expected cost. th Bonnie reported Real Goods Solar BAP going to Council on October 4. Some discussion followed concerning some businesses who had received early BAPs received less of an incentive than is currently being offered. Councilor Dalton said these early BAPS were the best the City could offer at the time and Bonnie said businesses receiving these BAPs indicated they were effective because they made the decision to locate and/or expand. UPDATE ON INTEGRATED INFRASTRUCTURE IMPLEMENTATION PLAN, LOUISVILLE FASTRACKS STATION AREA & HWY. 42 CORRIDOR Troy Russ reported Planning is finalizing the contract with Atkins for Highway 42. RTD and CDOT th language needs to be updated by Sam Light and so this item was moved from October 4 to the th October 18 Council Meeting. Carrie Wallis, project manager at Atkins, will be attending LRC on Monday to present an overview of a similar experience in the Jefferson corridor, Fort Collins. Troy noted that stakeholder interviews will be scheduled. The Planning Department has an aggressive public outreach planned. Bonnie invited BRaD to attend the LRC on Monday to hear the Carrie Wallis presentation. ECONOMIC DEVELOPMENT UPDATE – Bonnie Star Money Magazine #1 Bi-annual report from Metro Denver is available and copies are on the table for members to pick up. Louisville Book - $35 – On sale at the Farmers Market and the Louisville Historical Museum th Site Selection Conference – huge crowd for this event that took place on September 30. Ten site selectors including one international site selector attended. Malcolm pointed out the site selectors do an extensive quantitative analysis on possible sites, but sometimes emotion plays into the selection, eg. CEO wants to live in a certain region. Cities need to provide a business-friendly environment. Business incentives convey a business-friendly environment no matter the amount of the incentive—it shows the City’s interest.