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DISCUSSION ITEM |
2.B.
Work Session
- Meeting Date:
- 09/05/2018
- Department Head:
- Jenny Torres
- Submitted By:
- Dania Castillo, Economic Development Assistant, Administration, Economic Development
Action Requested:
ITEM:
Discussion and possible directions to staff on any and all matters regarding the City of San Luis Incentive Policy. (Jenny Torres, Economic Development Manager)
SUMMARY:
The Economic Development Incentive and Investment Policy provides a framework for the City of San Luis financial investment towards the attraction and expansion of targeted industries and commercial developments within the City of San Luis. The policy will stimulate the local economy by providing employment opportunities, expand the tax base required to provide essential public services, diversify the local economy, and expand the economic base of the city. The incentive policy contains specific criteria and procedures necessary to effectively and fairly administer the economic development incentives and financial investment.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- No
- CITY/STATE/FEDERAL FUNDS:
- N/A
- TOTAL:
- N/A
- BUDGETED:
- N/A
- AVAILABLE TO TRANSFER:
- N/A
- GL ACCT # & NAME/REMAINING BALANCE BEFORE PURCHASE:
- N/A
FISCAL IMPACT STATEMENT:
No fiscal impact at this time. Item is an informational update to the Mayor and Council.