Skip to main content

Incentive Impact

For the very first time in my career, I am responsible for administering an incentive. In this particular case, it is an Enterprise Zone, tax abatements for up to ten years for locating within a certain geographic area. 

By and large it is hard work, but I believe it is well worth the effort; especially when businesses begin utilizing it for job creation and improving their facilities.

Incentives, of any kind, should be used to close deals, increase competitiveness (for the community and the business), and spur economic activity within a certain geographic area. 

Here are a few unexpected matters I encountered while getting the incentive in place. If you are considering adopting an incentive for your area, please consider the following:
  • Quantify, Quantify, Quantify. Forecast and/or obtain private investment, taxes abated, number of jobs created, salaries, type of jobs created, number of people hired inside the community vs. employees transferred in.
  • Forecast the Payback Period. Have an idea of how soon abatements will be paid back through tax revenues.
  • Lay the Groundwork. Talk to your City/County Attorney to understand the legalities of what you can and cannot do. It's a good idea to have a reimbursement policy, in case a business does not honor its end of the deal. 
Incentives make our communities more competitive and are a critical economic development tool. Understand the needs of your community and adjust incentive policy accordingly. 

One more word of advice: make it easy for business to apply for incentives. Post the application on the web and gladly walk them through the process.

Happy Incentivizing! 


Popular posts from this blog

The Synth Sounds

I am excited to share that my first jazz project is nearing completion. (Also why this is my first post this month).

Other than piano, you can definitely expect to hear sounds of 1980's and 1990's-era synthesizers filtered throughout the upcoming album.

I admire the newer sounds we have today, but none of them quite replicate the original, synth-led sounds of 80's and 90's music.

In my opinion, 80's and 90's sounds present the perfect crossover of analog and digital mixes that were limitless in use and expression.

It is no wonder that modern synthesizers today still draw inspiration from 80's and 90's technology. It was simply some of the most innovative audio machinery ever created.

No shame here. Expect 80's and 90's vibes to come your way in my upcoming project.

Stay Tuned!!!

A pile of my module racks from the 80's and 90's used and simulated on my upcoming jazz album.

CFC Youth Day

CFC Youth Day was nothing short of remarkable.

Children, teenagers, young adults (my generation) sang, danced, praised, and worshiped God with passion, love, joy, energy, and sincerity.

We led, both, the 8:00 AM and 10:00 AM services and the LORD ministered through us in His own powerful way.

I am very grateful to have preached at the 10:00 AM service. (Came from 2 Timothy 1:7).

Something amazing happens when we move ourselves out of the way and allow the LORD to communicate His Word through us. He does for us what we cannot do for ourselves. And when you summarize the meaning He brings to life, you realize that all the of the glory belongs to Him.

The reality of God's presence gives life, and everything we involve ourselves in, brand new meaning.

God's awesomeness was displayed in a monumental way today. A flame was kindled in our youth and the church as a whole.

Today was special.

Big thanks to everyone who helped make today such a great success, you know who you are!


The Audacity of Hope

Last week I completed The Audacity of Hope by President Barack Obama in 2006.

In The Audacity of Hope, Mr. Obama shares some of his experiences as a citizen and politician while also laying out policy-driven solutions to improve the lives of Americans.

Granted The Audacity of Hope was written before Mr. Obama's first presidential election in 2008, his thorough understanding of the Nation's issues are impressive and difficult to overlook.

Mr. Obama, in an academic prose, but down-to-earth tonality, hits on national issues relative to our political system, constitutional interpretation, economics, military policy, education, and community development.

I found The Audacity of Hope to be one of the better books I have ever read on American politics and public affairs. Regardless of your politics, this is a good read with the capabilities to expand anyone's understanding of politics and government.

In fact, much of the information contained in The Audacity of Hope is still rele…