Laserfiche WebLink
<br /> <br />DRAFT FEBRUARY 7, 2012 <br />16 <br />Porte were $1,844 in 2007, which is significantly lower than the <br />neighboring cities of Deer Park ($4,220), Texas City ($4,561), and Baytown <br />($7,024), and Harris County as a whole ($5,938). This indicates that the City <br />could potentially capture a higher level of spending by residents. <br /> <br />Although most retail developers have sophisticated approaches for site <br />selection, and are primarily driven by demographics, it is beneficial to build <br />relationships with these businesses. As mentioned in the La Porte Economic <br />Development Strategic Plan, continue attending the International <br />Conference of Shopping Centers (ICSC) and the ICSC Texas Conference and <br />Deal Making Event could provide increased opportunities to market La <br />Porte’s assets to those that have the ability to bring future retail shopping <br />opportunities to the City. <br /> <br />Providing incentives to attract retail is already being done. Providing <br />incentives for retail has its advantages and disadvantages; and accordingly, <br />only certain cities choose to do it. Though retail provides an improved quality <br />of life, increased tax revenues, and improves the property tax base on and/or <br />near the operation, sales collected at these locations are often sent to a <br />headquarters based elsewhere (and in some cases, out of state) and rarely <br />are re-invested to expand the operation or provide above-average wages to <br />local residents. To this extent, most retail, but not all, cause local dollars to <br />flow out of the local economy. Given the lack of retail opportunities in La <br />Porte, however, it is important to pursue additional opportunities for <br />attracting retail and commercial service businesses to the City. This should <br />include the continuation of the “up to 50 percent” ad valorem tax abatement <br />for new construction of retail/commercial office/regional entertainment <br />businesses. <br /> <br />Outside of marketing, incentives, and other procedural streamlining <br />measures, the City’s best economic development action may be “community <br />development.” The age-old axiom, “retail follows rooftops,” is also common <br />sense. Sellers need buyers and will tend to set up shop where they are <br />concentrated. Since La Porte’s market area is constrained on one side by the <br />bay, and since there is limited area left for residential development, the City <br />must be smart and strategic with regard to its zoning and development <br />decisions so that there remains a sufficient area for higher quality (and in <br />some cases, higher density) residential development. <br /> <br />Key Planning Considerations <br />Key planning considerations for continuing the focus on expanding retail and <br />other commercial service business include: <br /> <br />16 <br /> City of La Porte Economic Development Strategic Plan. Confirmed by the U.S. <br />Census Bureau as the most recent year comparable numbers were available. <br />5.18 <br /> <br />Chapter 5 <br /> <br />