Laserfiche WebLink
Evaluation Framework <br />Based on discussions with local economic development stakeholders and <br />professional expertise and experience, the project team has created a preliminary <br />framework (Scoring System) by which La Porte can assess the impact of future <br />projects. This process not only allows evaluation of projects, but also provides <br />guidance on the level of incentives that the community might ultimately offer. Our <br />approach strives to offer competitive incentives to important projects while protecting <br />the community’s unique position and cultural heritage. <br />The Scoring System is an approach that uses points for each of the major criteria <br />discussed in the next section. This Scoring System evaluates both the traditional <br />(economic impact) and non-traditional (quality of life) elements of the project. These <br />point values are for illustration, and should be refined as La Porte sees fit. <br />Table 1: Preliminary Scoring System <br />Overall Economic and Fiscal Impact <br />Minimal Acceptable Good Excellent <br />0 10 20 30 <br />Character of Jobs <br />Poor/Minimal Acceptable Good Excellent <br />0 10 15 20 <br />Connection to Economic Development Focus Areas <br />Unconnected Acceptable Good Excellent <br />0 10 20 30 <br />Additional Contribution to Community Vitality <br />Minimal Acceptable Good Excellent <br />0 10 15 20 <br />Total Possible Points 100 <br />Bonus Points for Desired <br />Development Location in 15 <br />Downtown/Sylvan Beach Corridor <br />Policy Guideline #2 <br />Projects with a score between 70-100 may qualify for return of up to 50% of the net <br />present value of the estimated total tax liability, minus direct city and or county costs, <br />for a term that may be as long as 10 years. Projects with a score between 50-70 may <br />qualify for up to 30% of the net present value of the estimated total tax liability for a <br />term that may be as long as 10 years. Projects that score 50 and below do not <br />qualify. In addition, tax revenue returned will not exceed 80% of the total tax liability in <br />any single year. <br />23 <br />Forward La Porte Economic Development Strategic Plan I 2009-2013 <br /> <br />