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11. EDSR 04-08-2013
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11. EDSR 04-08-2013
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4/5/2013 1:07:29 PM
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City Government
type
EDSR
date
4/8/2013
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Jobs Before and After EDA <br /> Investment <br /> Created Before <br /> 303 Investment <br /> 35, `° Created After Investment <br /> Finally, staff measured the impact of the four most recent TIF projects' on taxable market value. All <br /> projects were certified between 1997 and 2004 and collectively, their original taxable market value was <br /> approximately$3.6million. The same properties have a current taxable market value of$47.2million. The <br /> EDA has invested$7.9million in the projects. Every dollar invested by the EDA induced over five <br /> dollars of private investment. <br /> Original vs. Current Taxable Market <br /> Value <br /> $50,000,000.00 <br /> $40,000,000.00 <br /> $30,000,000.00 <br /> $20,000,000.00 _ <br /> $10,000,000.00 <br /> $- <br /> Original Market Value Current Market Value <br /> Staff monitors the progress of EDA programs and will present performance measurement information <br /> on an annual basis. <br />
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