|
|
|
DIVISION OF ECONOMIC DEVELOPMENT |
|
The Division of Economic Development works with governmental entities and businesses to prepare for, promote, and/or provide permanent long-term employment for the citizens of the Ark-La-Tex region served by The Coordinating and Development Corporation.
Grant Applications for Local Communities
As a part of its services, the Division prepares grant applications for governmental entities, generating millions of dollars to fund needed improvements to the communities’ infrastructure and other typically governmental services. In turn, these improvements enhance the ability of local governments to attract new businesses/industries and help existing companies expand. Sources of funding include the U.S. Department of Commerce’s Economic Development Administration, Louisiana Community Development Block Grant program, COPS grants, Transportation Enhancement grants, and many others.
The Coordinating & Development Corporation (CDC) offers its expertise to businesses that desire to take advantage of the tax benefits offered through the Louisiana Enterprise Zone incentive, www.led.state.la.us/businessresources/enterprisezones.asp, and Industrial Tax Exemption Incentive, www.led.state.la.us/businessresources/industrialtaxexemp.asp
The first step in the process of obtaining Enterprise Zone benefits is the completion and submission of an Advance Notification to the Louisiana Department of Economic Development. CDC will obtain the information required for the Advance Notification, prepare it for signature, and submit it to the proper State Division after it has been signed.
One of the benefits of the Enterprise Zone Program is the reimbursement of certain local sales taxes on materials and equipment which were purchased as part of the expansion or new business. In order for a business to receive this benefit, it will be necessary for the local government(s) to adopt a resolution indicating its willingness to reimburse these taxes. CDC can draft the resolution in accordance with State requirements and have a representative present for the local governing body’s meeting to provide explanations concerning the Enterprise Zone Program and the resolution to be passed.
CDC has both digitized and paper maps which depict the boundaries of every enterprise zone in Northwest Louisiana. Our GIS system can be utilized to determine whether or not a particular location is in an enterprise zone. If a location is in a zone, the number of the enterprise zone can be determined. Also, as part of the process to obtain enterprise zone benefits, the State requires a map showing the location of the business in relation to the boundaries of the zone. CDC will provide the required map or maps.
Application for Tax Incentives
In order to receive enterprise zone benefits, new employees hired as part of a project must meet certain requirements with respect to where they reside, their dependence upon public assistance, or their employability. CDC will determine which of a business’s new employees meet these requirements, and prepare the required certification reports in accordance with the State’s requirements.
Geographic Information System (GIS) Mapping Services
Since 1992, The Coordinating & Development Corporation has possessed and utilized Geographic Information System (GIS) capabilities. GIS is more than just maps drawn by a computer. It is designed to allow for collection, management, and analysis of large volumes of spatially-referenced data. That is, it not only allows the user to have data connected to points or areas on the map, it also provides for analysis and display of that data in the most geographically meaningful way possible. For example, if someone needs to know the locations of a parish’s low income areas, the GIS can produce a map which shades areas in which more than 50% of the families receive annual incomes of less than $20,000, or it could show areas with various income ranges in different colors. But income is only one example of the kinds of data which can be mapped.
On numerous occasions, we have successfully provided information and maps which would not have been otherwise available. We have been able to provide estimates of the number and age breakdown of persons living within a certain radius of a given point. At times, we have been asked to display the demographic characteristics of a "corridor" defined as existing within a certain distance from a particular highway or railroad. Also, we have been asked to make a geographic comparison of the income levels of the municipalities in a certain area. These are just a few examples of the enormous capabilities CDC possesses with respect to thematic mapping.
Enterprise Zone Maps
The Louisiana Legislature has designated enterprise zones (EZs) throughout the State in which new or expanding businesses can receive tax breaks if they create new jobs. Unfortunately, the State has never produced a set of maps showing the boundaries of these zones. CDC does have Northwest Louisiana EZ maps readily available. Small scale maps have been compiled which show general locations of EZs in each parish, as well as individual large scale maps showing the details of each individual EZ. Also, CDC can provide the EZ "status" of particular locations based on their street address or location description. Companies wishing to know whether or not their employees live within enterprise zones may use this service.
There are occasions when a person or entity may already have good maps at its disposal, but simply needs statistics concerning an area. CDC can use its GIS and accompanying data to provide information about a location or region including its area, demographic characteristics, how it compares to other areas, and various other analyses. The required information can be presented as tables, charts, graphs, or, if need be, in a narrative format.
Economic Development Administration (EDA)
EDA provides information and training opportunities for CDC staff. This is accomplished through traditional annual conferences and through one-on-one consultation with EDA’s regional staff in Austin.
As part of its relationship with EDA, CDC has a number of responsibilities which involve accomplishing tasks clearly defined in a written scope of work. Some of the elements of the scope of work are one-time projects, while others are ongoing.
Socioeconomic Information System
Data is also transmitted to CDC via CD-ROM. These compact disks contain much more detailed data at much more detailed levels, such as census block groups, and even down to the block level. CDC owns, operates, and maintains the desktop computer equipment, peripherals, and software required to access data on CD-ROM.
Disseminating socioeconomic information ~ The media described above greatly facilitate dissemination of socioeconomic information. CDC’s staff answers several calls per week for information. Banks, real estate agents, local units of government, engineers, consultants, and others call, write, or fax requests for all types of information. The CD-ROM disks make information concerning minute details about tiny villages immediately available.
Information on Economic Development Programs
As always, however, special emphasis is placed on EDA programs. Most of this emphasis is on the Public Works Program. However, there is also some interest in the Technical Assistance and the Long-Term Economic Displacement Program.
Comprehensive Economic Development Strategy (CEDS)
Hazard Mitigation Planning
|
|
|
Home |
Contact Us |
Site Map | CDC Executive Committee Members |
CDC Divisions | This Site Created, Hosted and Maintained by Desoto Data Base, LLC |