Current through Register Vol. 54, No. 45, November 9, 2024
Section 121.9 - Local business development strategy document(a) The end product of the planning process is the strategy document resulting from the business interview cycle. The strategy document should contain a list of individual items of assistance to be undertaken at the request of the principals of individual firms in the proposed zone. The list should include technical assistance which may range from small business development services to technical assistance on municipal land controls, building codes, municipal infrastructure maintenance and services. The list may also include financial assistance to secure conventional financing and financial assistance for required infrastructure installation. Each item of assistance should include a contingent commitment by the prospective business beneficiary in terms of the approximate amount of business investment and jobs that will be created, by the anticipated month and year.(b) The strategy document should describe 5-year objectives which address the substantive improvements which the applicant expects to achieve in the proposed zone-the applicant's view of what the proposed zone can and should become in 5 years. These objectives should refer to, and be justified by, findings from the business survey. Annual reassessment of the target estimates listed in this subsection will be included in applications for refunding in subsequent years. The objectives should set quantified 5-year target estimates for the following: (1) Amount of new/expansion business investment.(3) Amount of nonenterprise zone program public investment.(4) Dollar value increase in taxable business property.(c) The strategy document should list the amount and source of funding likely to be required to implement the 5-year objectives, by the estimated year in which each project could be most advantageously undertaken for small business development purposes within the proposed zone.(d) The strategy document shall be submitted to the Department with the application for enterprise zone designation and second-year funding of a basic grant.The provisions of this §121.9 adopted April 1, 1988, effective 4/2/1988, 18 Pa.B. 1493.