economic development in tarrant county united way economic summit february 13, 2014 lisa mcmillan,...
TRANSCRIPT
![Page 1: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/1.jpg)
Economic Development InTarrant County
United Way Economic Summit
February 13, 2014
Lisa McMillan, Economic Development Coordinator, Tarrant County
![Page 2: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/2.jpg)
Tarrant County at a Glance 864 square miles
41 municipalities
2013 Population -1,850,370 2010 – 1,809,034 2000 – 1,449,290
Total Employment – 929,970
Dec. 2013 Unemployment Rate Tarrant 5.3% Texas 5.6% U. S. 6.5%
Total Appraised Value 2013 - $158,238,342,804 2010 - $147,781,930,865 2000 - $ 82,135,568,627
![Page 3: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/3.jpg)
County Judge and Commissioners
County Judge B. Glen Whitley
Precinct 1 Roy C. Brooks
Precinct 2 Andy H. Nguyen
Precinct 3 Gary Fickes
Precinct 4 J.D. Johnson
![Page 4: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/4.jpg)
County’s Role In Economic Development
Partner with Entities in Tax Incentives
Facilitate Transportation and Infrastructure
Encourage Regional Cooperation
Provide Basic “Quality of Life” Services
Promote Community Development
Assist with Job Training/Workforce Skills
![Page 5: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/5.jpg)
Tarrant County’s ED Toolbox Tax Abatement Tax Increment Financing Transportation Infrastructure Development Public Improvement Districts Historical Site Exemption Freeport Exemption Foreign Trade Zone Designation Enterprise Projects/Zones Job Training Programs Tax-Exempt Bonds
![Page 6: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/6.jpg)
Tax Abatement 75 Abatements since 1989 22 Active 2 to 3 per year Approx. $2.6 billion in new investment Over 28,000 jobs retained/added Variety of Project Types
Manufacturing, Office, Warehouse, Distribution, Data/Call Center, Retail, Hospitality, Housing
Abated Value less than 0.5% of total value
![Page 7: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/7.jpg)
Evaluation Criteria for Tax Abatement
Broad to encompass all cities Investment - $5 M new; $3 M expansion Jobs – 25 new; retain for existing No relocation from within County Tarrant County employment – 25% Contracting – 25% TC; 15% DBE Other: Health Care & Benefits; Job Types &
Salaries; Diversity; Environmental; Community
![Page 8: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/8.jpg)
Recent Abatement Projects Deloitte U – Westlake - $175 M; 500 jobs; 65%
BCBS TX – Ft. Worth - $175 M; 130 jobs; 50%
GM Plant - Arlington - $254 M; 2300 jobs retained, 110 new; 70%
GM Stamping Facility – Arlington - $200 M; 200 jobs; 70%
Bell Helicopter – Ft. Worth - $235 M; 4500 jobs retained; 70%
Horizon Milling – Saginaw - $38 M; 84 jobs retained; 40%
Carolina Beverage – Ft. Worth - $45 M; 225 jobs; 50%
NGC – Fort Worth - $96 M; 150 jobs; 60%
![Page 9: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/9.jpg)
Other Recent Announcements
Walmart Distribution Center – 400 jobs
Amazon Distribution Center - 1,000 jobs
Flextronics/Motorola Mobility – 3,000 jobs
FAA - 1,300 jobs
Vought Aircraft Division – 500 jobs
![Page 10: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/10.jpg)
Tax Increment Financing Incremental tax dollars gained from new development
value pay for public improvements within a set zone
![Page 11: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/11.jpg)
TIF Districts: Value Added
34 TIF Districts
18 MunicipalitiesArlington Grand Prairie
Benbrook Keller
Burleson Kennedale
Colleyville Mansfield
Crowley N Richland Hills
Euless Richland Hills
Everman Sansom Park
Fort WorthSouthlake
GrapevineTrophy Club
New Development
Redevelopment
Fund Public Projects Roads/Bridges/Parking Water/Sewer/Drainage Sidewalks/Landscaping Public Facilities/Spaces
Real Property Increment Value - $4.2 billion
![Page 12: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/12.jpg)
Transportation Infrastructure Improving Access and Mobility
Transportation Bond Program
D/FW Connector
North Tarrant Express
Chisholm Trail Parkway
I-35 Corridor Improvements
Hwy 360 Development
TEX Rail
High-Speed Rail
![Page 13: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/13.jpg)
ED Impact for Non-Profits
Additional Assistance & Reduced NeedStable and Growing EconomyGood Jobs; Low UnemploymentAdded Corporate DonationsEmployee Giving and VolunteerismNeighborhood/Community RevitalizationProvision of Healthcare and BenefitsHousing OpportunitiesTransportation Options
![Page 14: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/14.jpg)
Company Impacts in Community General Motors
Annual community grants/donations $100,000 in toys annually to Mission Arlington Other Local Assistance to:
American Heart Association March of Dimes Arlington ISD Foundation Arlington ISD GreenRoark Elementary Tarrant County Food BankParkview Neighborhood Assoc Big Brothers Big SistersAmerican Cancer Society Make-A-Wish FoundationAmerican Red Cross River Legacy FoundationUnited Way of Tarrant County Mission ArlingtonHabitat for Humanity Junior Achievement Making Strides Against Breast Cancer
![Page 15: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/15.jpg)
Company Impacts in Community
Bell Helicopter
$1.25 M annual corporate giving $600 annual employee giving Local Assistance to:
United Way USO at DFW AirportRed Cross 6 StonesHabitat for Humanity Special OlympicsSnowball Express Toys for TotsTarrant County Food Bank Communities in SchoolsHEB Education Foundation Texas State GuardFWISD Robotics Program Ft. Worth Air Power Foundation
![Page 16: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/16.jpg)
“We make a living by what we get. We make a life by what we give.”
― Winston Churchill
![Page 17: Economic Development In Tarrant County United Way Economic Summit February 13, 2014 Lisa McMillan, Economic Development Coordinator, Tarrant County](https://reader035.vdocuments.mx/reader035/viewer/2022062713/56649ce25503460f949adbd1/html5/thumbnails/17.jpg)
Lisa McMillan
Economic Development Coordinator
Tarrant County Administrator’s Office
817-884-2643