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08-18-14 Meeting of the La Porte Development Corporation Board of Directors
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08-18-14 Meeting of the La Porte Development Corporation Board of Directors
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La Porte TX
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Agenda PACKETS
Date
8/18/2014
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Project's 10 Year TAX or PILOT (Payments in Lieu Of Taxes) Revenue <br />Staff calculated the project type's estimated ten (10) year tax and/or PILOT revenue. This figure includes all <br />estimated tax and/or PILOT revenues for each project type. Please note that some of these values are based <br />upon hypothetical, and, therefore, current best estimates. <br />Project's Multiplier Value (Up to 4) <br />Staff assigned a value, from a maximum of 4 to a minimum of 1, for each project. A value of 4 means that the <br />project will have a significant multiplier effect to bring new money and/or people into the local economy. A value <br />of 1 means that the project will have little or no multiplier effect to bring new money and/or people into the local <br />economy. <br /># of New Full Time Jobs <br />Staff estimated the project type's full time job creation. Some of these values are based upon hypothetical, and, <br />therefore, current best estimates. Please note that all retail jobs are considered to be 0, since they're not <br />considered to be "primary jobs". <br />Full Time Job Avg. Value <br />Staff assigned a value, from a maximum of 0.15 to a minimum of 0.075, for each type of "primary job" <br />associated with each project type. A value of 0.15 was assigned to higher paying, white collar, engineering, <br />engineering design, or executive positions. A value of 0.125 was assigned to highly skilled positions for a process <br />technician and/or advanced manufacturer. A value of 0.10 was assigned to skilled positions. A value of 0.075 <br />was assigned to unskilled positions. <br />
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