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Montgomery County

Montgomery County's Economic Development and Government Equity (ED/GE) initiative fosters collaboration among 13 cities, 7 villages, and 9 townships, utilizing tax-based sharing to create jobs and enhance tax bases. Established in 1989 to combat rising service costs and falling revenues, the program distributes a minimum of $5 million annually in grants based on competitive reviews. Key success stories include significant job creation in diverse sectors. This initiative not only reduces competition among municipalities but also positions the county to compete in broader markets, strengthening local economies.

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Montgomery County

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  1. Montgomery County ED/GE

  2. ED/GE Economic Development/ Government Equity • Overview • History • How it Works and Why • Success Stories • Conclusion

  3. Overview • 2 inter-related but separate funds • First tax based sharing in Ohio and one of few in USA • 13 cities, 7 villages and 9 townships have joined • Creates more positive atmosphere between jurisdictions and county

  4. Overview • Creates jobs • Enhances tax base • Reduces economic development competition between municipalities • Helps economy compete in national and international markets • Leverages private, non-profit and government funds

  5. History • Concept began in 1986 • County Commissioners concerned about fiscal picture • Local governments plagued by: • Increasing service costs • Lower than predicted tax revenues • Cutbacks in state and federal aid • Increasingly mobile industrial base

  6. History • Traditional “smokestack” industries undergoing retrenchment • Area leaders perceived local governments duplicating economic development efforts – infighting • Public/private committee recommended improvement in county’s revenue collection and fiscal management

  7. History • Commissioners envisioned county-wide effort would benefit local economy • Voted in 1989 to increase sales tax by one half percent (.5%) • Created community programs – ED/GE, Arts and Affordable Housing

  8. How it Works Economic Development Component • Distributes at least $5 million per year in economic development grants • Awards based on competitive review and advisory committee • Advisory committee comprised of participating jurisdictions and business community

  9. How it Works Government Equity Component • Shares portion of tax revenues as result of growth with participants • Participants either contribute or receive money from GE fund based on previous year’s growth • Three year settle up provision - No jurisdiction contributes more to the GE fund than it receives from the ED fund

  10. How it Works • Jurisdiction must participate in tax based sharing to receive grant funds • Jurisdiction must remain in program for duration • Jurisdictions must be members of ED/GE to apply for ED funds

  11. How it Works • Advisory Board • 2 seats held by largest two cities • Eight seats rotate among 28 jurisdictions • Each seat is held for either 2 or 3 years • County Commissioners have 2 permanent seats • Private sector appoints remaining 3 seats through Chamber of Commerce

  12. How it Works • Applications accepted each April and November • County summarizes applications based on criteria • Committee assesses application and ED/GE goals • Advisory Council recommends recipients to County Commissioners

  13. ED/GE Funds and Total Leveraged Projects as of 12/31/99 Total Leveraged Projects ED/GE Funds

  14. Total Jobs Created and Retained to This Point: 15,455

  15. Otterbein Business Park • $1,202,800 total project • $919,200 ED/GE funds • 335 Jobs Created

  16. D-MAX • $300 million total project • $1 million ED/GE funds • Largest Ohio manufacturing investing in 1999 • 700 new or retained jobs

  17. City of Kettering / Victoria’s Secret Catalog • 10.5 million total project • $600,000 ED/GE funds • 1,250 Jobs Created

  18. Huber Heights / Center Point Commerce Park • $3,758, 019 total project • $1,295,932 ED/GE funds • 1,026 Jobs Created

  19. Reynolds and ReynoldsPhase I • 57 million total project • 1 million ED/GE funds • 700 Jobs Created

  20. Miami Township / Lyons Business Park • 5.1 million total project • $175,000 ED/GE funds • 150 Jobs Created

  21. Minor League Baseball • 26.6 million total project • 4 million ED/GE funds • 150 Jobs Created

  22. Conclusion • Brought urban, suburban and rural interests together • Educates communities about neighboring economic development issues • Forum for resurgence of central city discussion • Places county in center of economic development projects – connects staff to all communities • Connects community through positive actions

  23. Conclusion • Jurisdictions participated in designing program – buy in at beginning • Higher understanding of economic development than before • Region has more sophisticated outlook for economic development

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