Effective Economic Development Agreements
Wednesday, September 13, 2017
11 a.m. - 12:15 p.m. CDT
CM | 1.25Add to My Log
There are many approaches that can be taken by municipalities when entering into economic development agreements with developers. Often, municipal planners find themselves negotiating economic development agreements for important projects that help implement the vision they created for the community. But what are effective techniques for entering into agreements? How does the community know when requested financial incentives are really required? When a city provides financial incentives, they essentially become a partner in the development. What types of agreements are best for protecting the long-term interest of the community? In this session, attendees will hear from municipal planners who will share their experiences negotiating and drafting economic development agreements. In particular, economic development agreements that included financial incentives. Presenters will provide case studies, lessons learned and share insight on effective economic development and incentive tools that provide the best opportunity for success. This session will provide practical experiences that planners will be able to use in their own communities.
This session is not intended to place a heavy emphasis on financial analysis methods but rather the policy decisions that go into deciding how/when to provide financial incentives and how they can best be structured in economic development agreements. The session will provide these lessons through case studies from each community. This makes for a more interesting presentation and provides examples that attendees can more readily identify with.
Robert Kowalski, AICP
Fran Lefor Rood, AICP
Trevor Dick, email@example.com