Economic Development Post

     As the Economic Director for the city of Portland I would most certainly put together a proposal to entice and lure outside companies and businesses into our community. First, I would want to make it very clear that Portland is a major “Go Green” city that looks to bring in future businesses that retain that same thinking. My proposal to the city council would be to suggest an assistance program that would allow the city to advise and support small businesses to actively grow and become a bigger asset to the community. In addition, I would propose that my plan offer programs that allow future businesses to borrow against a “Portland Business Owners” fund that is a system of loans made available through existing businesses. These loans would assist with building renovations; equipment purchases, building acquisitions, and other needed resources.

     I would also suggest some sort of tax incentive for businesses just starting out in the community. The major goal is to bring revenue into you city and by allowing tax breaks, new businesses will be able to spend more money in inventory and advertising thereby driving up the revenue for the city. For bigger businesses with higher numbers of employees, I would offer low cost housing opportunities for those employees that would be transferring in with the company. Arranging for lower interest mortgages and assistance with relocation expenses may be included in my proposal.

     For companies that are willing to “go green”, certain utility benefits could be afforded. Keeping the environment safe and healthy is the primary goal of our city and those companies that are in alignment with the same thoughts of our city will be given tax breaks in those areas as well.

     I feel that the Hope VI project would be beneficial for any city. I would apply for the program on behalf of my city for many reasons. One of the first reasons that my city does have areas that are distressed or in poor order and funds from this program would allow our city to be renovated and ensure that all our public housing is up to code. These funds will also bring us revitalized neighborhoods, create incentives for potential investments from the public and private entities, and could result in job creations for my residents. A better looking city will attract more businesses thereby opening up employment opportunities.