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Upper Kanawha Valley Enterprise Community (UKVEC) PowerPoint Presentation
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Upper Kanawha Valley Enterprise Community (UKVEC)

Upper Kanawha Valley Enterprise Community (UKVEC)

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Upper Kanawha Valley Enterprise Community (UKVEC)

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  1. Upper Kanawha Valley Enterprise Community (UKVEC) October 11, 1999 Governing Board Meeting

  2. Vision for the UKVEC • Create innovative responses to social and economic challenges • Develop and share innovative strategies as models for West Virginia & America • Empower people and communities • Invigorate communities to build upon themselves 2

  3. Community Empowerment Board • Chaired by Vice President Al Gore • Cabinet Secretaries are members • Major domestic Agencies are members • Oversees EZ/EC program and empowerment policy 3

  4. UKVEC Objectives • Promote economic self-reliance • Strengthen public-private partnerships • Involve all residents (especially low-income) • Balance environmental, economic, and community development • Encourage innovative solutions 4

  5. Four Key Principles • Economic Opportunity • Sustainable Community Development • Community-Based Partnerships • Strategic Vision for Change 5

  6. Economic Opportunity • Employment opportunity for all residents • Economic self-sufficiency and diversity • Community revitalization • Entrepreneurial initiatives, small business expansion • Job training for upward mobility 6

  7. Sustainable Community Development • Comprehensive strategies that address physical and human development • Accessible human services • Commitment to learning • Commitment to families • Commitment to communities • Environmentally friendly • Adequate and affordable housing 7

  8. Community-Based Partnerships • Broad and active participation from the community • Foundation, private and non-profit partnerships with the community • Federal/State/Community collaboration • Comprehensive and strategic approach to planning, funding, and implementation 8

  9. UKVEC Strategic Vision • Identifies what the community wants to become • Shows how the community will achieve its vision • Mobilizes the response to community-identified needs • Sets realistic goals, objectives, performance benchmarks, and a framework for assessing progress (1998 - 2008) • Modified based upon emerging communities’ needs 9

  10. Time Period for Designation • December 24, 1998 - December 31, 2008 10

  11. Candidate Census Tracts 11

  12. 12

  13. Benefits... • $2.5 million USDA Entitlement • Special Federal Funding Consideration • Work Opportunity Tax Credit (WOTC) • Brownfields deductible expense • Qualified Zone Academy Bonds(Tax credit bonds for banks, insurance companies, and corporations lending money) • SBA HUBZone (Contracting preferences to small businesses) 13

  14. Benefits: Entitlements • USDA Entitlement • $2.5 million • $250,000 per year for 10 years • Special Funding Consideration for over 40 Federal Programs 14

  15. Benefits: Special Consideration • Basic living needs (i.e., infrastructure) • Efforts to create employment opportunities • Job training and job readiness • Public health education, primary healthcare, alcohol and substance abuse, and mental heath services • Education and technology projects • Policing and criminal justice projects 15

  16. Benefits: Work Opportunity Tax Credit (WOTC) • 40% of qualified first-year wages paid to a member of a targeted group (first-year wages < $6,000). Targeted employees include high risk youth, food stamp and SSI recipients, vocational rehab referrals and others. 16

  17. Benefits: Brownfields remediation is a tax deductible expense • Certain environmental remediation and improvement expenditures may be tax deductible • Expense otherwise capitalized into the cost of the land • Cost paid or incurred prior to January 1, 2001 17

  18. Benefits: Qualified Zone Academy Bonds • Tax credit bonds for financial organizations that hold “qualified zone academy bonds” are entitled to a nonrefundable tax credit in an amount equal to a credit rate (set by the Treasury Department) multiplied by the face amount of the bond. They may or may not be interest bearing; if so, the interest is taxable. • National limitation across all empowerment zones and enterprise communities of up to $400 million each year for years 1998 and 1999 18

  19. Timeline • Program announced in April 1998 • 17 nominations submitted to Governor Underwood on September 10, 1998 • Empowerment Zone nominations submitted to USDA on October 9, 1998 • Announcements of new Round II Empowerment Zones/Enterprise Communities on January 12, 1999 • Nomination approved for UKVEC-December 24, 1998 • Memorandum of Agreement between USDA and UKVEC late-October/early-November, 1999 19

  20. Empowerment means Communities • Set their own vision • Control resources • Build citizen participation • Implement ideas and thoughts 20

  21. Partnerships are the Key • Leaders with residents • Public- with private-sector • Communities with state and federal governments • Organizations with organizations • Citizens with citizens 21

  22. Private Sector is Key to Long-Term Success • Creates new jobs • Provides resources for plan implementation • Reinvests tax credits in the community • Creates economic diversification • Markets the development areas/communities/residents • Brings innovations to the community 22

  23. Citizens should expect to participate by: • Becoming involved • Sharing in decision-making • Implementing the plan • Assessing progress • Approving changes to the plan 23

  24. UKVEC GOVERNING BOARD (8) GOVERNING COMMITTEES Economic Development Family & Human Services/Public Health, Fitness & Safety Recreation, Entertainment & Tourism Arts, Culture & History Education & Training Where do we go from here? 25

  25. (8) GOVERNING COMMITTEES • Natural Resources & Environmental/Farms and Agricultural • Building, Housing, Land Use/Planning Management & Governance • Communication & Transportation/Utilities and Infrastructure 26

  26. UKVEC’s Recent Projects Town of Handley-YMCA/Human Service Center Demolition-Dilapidated Housing 27

  27. UKVEC’s Recent Projects Paint Creek Rails-to-Trails Upper Kanawha Valley Community Center-Kimberly 28

  28. UKVEC’s Recent Projects Group Workcamps Incubator/CommunityCenter 28

  29. “Sorry guys, there are no employment opportunities for USDA employees at either of our exclusive institutions, SALS and WVU Tech.”