Presentation is loading. Please wait.

Presentation is loading. Please wait.

REAL ESTATE PPP AND ECONOMIC DEVELOPMENT “LET’S MAKE A DEAL”

Similar presentations


Presentation on theme: "REAL ESTATE PPP AND ECONOMIC DEVELOPMENT “LET’S MAKE A DEAL”"— Presentation transcript:

1 REAL ESTATE PPP AND ECONOMIC DEVELOPMENT “LET’S MAKE A DEAL”

2 PPP AND ECONOMIC DEVELOPMENT Formula for success Create mutual opportunity for both public/private sector Many times more “art than science” despite our best efforts Human Factor Political Dimension Solve problems in novel way leads to more success and economic growth

3 THE ECONOMIC DEVELOPMENT CONUNDRUM IN THE UNITED STATES Motivated by job creation goal Competition is fierce Pure Governmental units have limits on ability to engage private sector ED Goal is to not only get jobs in the door—but good paying jobs 15,000 ED Organizations 1500 Major Plant Expansions “Buyer”“Seller”

4 THE REAL ESTATE DEVELOPMENT CONUNDRUM IN THE UNITED STATES Motivated by Profit Highly competitive Provincial attitudes Barriers to entry Building trust in an environment of high hopes and fear of failure SPEED and EFFICIENCY

5 SOLUTION—PPP DRIVEN ECONOMIC DEVELOPMENT PPP real estate Project “What it takes” Concept to Completion— VISION Collaboration Coordination Communication

6 PPP CASE STUDY KILGORE, TEXAS BUILDING AN ECONOMIC DEVELOPMENT BASE—GROUND UP

7 SOLUTION—NEW GROWTH FOR KILGORE, TEXAS Kilgore Economic Development Corporation (KEDC) always looking to diversify/expand economic base Historically an Oil industry dominated economy Located between Shreveport, Louisiana and Dallas, Texas on I-20 Create additional base of jobs Common goal with SP Common “client” with SP Objectives clear

8 SOLUTION—RETAIN AND GROW CORPORATE CLIENTS Bring together resources of both KEDC and SP Communication and Problem Solving Approach Great Working relationship KEDC provided 9.2 acre site to SP for $1 KEDC provided grant $ and tax abatement to Alcoa Closure Systems International (CSI) SP invested $8.5 Million USD Provide 70 new jobs in Kilgore, Texas Provide a new facility for Alcoa CSI

9 RESULTS—PRODUCING STRONG ECONOMIC GROWTH


Download ppt "REAL ESTATE PPP AND ECONOMIC DEVELOPMENT “LET’S MAKE A DEAL”"

Similar presentations


Ads by Google