Enterprise Zone in a Nutshell

Transcription

1 Enterprise Zone in a Nutshell

2 Role and Mission of EZO Identify and resolve certain impediments to business development and growth. Working with businesses and local governments, identify the impediments (financial, technical or infrastructure) and facilitate private/public partnerships to resolve impediments in order to increase new private investment and reinvestment.

3 of Bucks County

4 THE PARTNERS: MUNICIPALITIES: Supervisors, Council Members and Mayors County Commissioners State & Federal Legislators PA Department of Community and Economic Development PA Department of Environmental Protection U.S. Environmental Protection Agency U.S. Department of Housing and Urban Development U.S. Economic Development Administration Bucks County Redevelopment Authority Bucks County Economic Development Corporation Bucks County Office of Community and Business Development Bucks County Planning Commission COMMUNITY RESIDENTS

5 Enterprise Zone Success Established Bucks County Brownfields Program Establish Revolving Loan Fund for Businesses Millions of $$$ in state tax credits for property improvements Creation of thousands of jobs Revitalization at KIPC Development of deep water port One-Stop-Shop for businesses

6 Enterprise Zone Projects CORELL STEEL, BRISTOL TOWNSHIP The Corell Steel site was acquired, remediated and reused by Crownwood Estates and is located at the far end of North Wilson Avenue Business Park. Pictured below is the former brownfield property that was acquired by the RDA and sold to Crownwood Estates for redevelopment. Crownwood Estates Main Entrance Aerial View

7 Enterprise Zone Projects Pictured below is the first identified brownfield site in the Enterprise Zone, located in a former industrial area of Bristol Township. The brownfield site has since been converted to a business park. The project entailed rerouting truck access that once passed through a residential neighborhood community to a newly constructed road called North Wilson Avenue. This became the home of the RDA where we remain today.

8 Enterprise Zone Projects RIVERFRONT NORTH BRISTOL BOROUGH This is the view down Radcliffe Street in 1988 before Bristol Borough and the RDA acquired the property. Today, this is the same view down Radcliffe Street from Green Lane.

9 Enterprise Zone Projects RIVERFRONT NORTH Continued Pictured to the left is the Villas at Riverview development, built on 13 acres located on the northern end of the Riverfront North site. This age restricted development along the shores of the Delaware River was constructed in 2001 and all 56 homes were sold within one year. Pictured to the right is what residents of the community view daily. This is a wonderful age restricted community that has a terrific views of the Delaware River. This flourishing neighborhood has homes valued at twice the original purchase price!

10 Enterprise Zone Projects Riverfront North Continued When the Dial Corporation closed its Bristol facility in 2001, the Borough and the RDA acted quickly to purchase nearly 10 acres at the southern portion of the Riverfront North site. Through creative financing, the RDA was able to purchase the property, assess, remediate and adaptively reuse the Dial warehouse. Former Dial Soap Manufacturing Plant- Now 183,000sf Class A office space and worldwide corporate headquarters of Lenox.

11 Enterprise Zone Projects Riverfront South Bensalem Township The Riverfront South ( Waterside ) site is situated along the Delaware River in Bensalem Township. The 45-acre site is a consolidation of 3 separate parcels originally used for shipbuilding, chemical manufacturing and other riverside industry. Bensalem Township's vision of using the area for much-needed quality housing, as well as a means to bring the people back to the Delaware River, required that the site be cleaned up to a residential standard. Clean-up was achieved through close coordination and careful acceleration between the RDA, Township, Developer, EPA and the PADEP. And although cleanup was projected to take 18 months, it began in December 2006 and was completed only 9 months later in September 2007, meeting the most stringent cleanup standards set by both the EPA and the PADEP. Pictured above is the site prior to remediation and an aerial view taken during remediation.

12 Riverfront South Continued Enterprise Zone Projects Waterside has many environmental and public health benefits. A key feature is a 9-acre public park which stretches the 1,800-foot length of the riverside property. Twenty-five percent of the entire site is preserved as open space, and walking trails that meander through the park will interconnect with other riverfront trails to become a cornerstone of the Delaware Riverfront Greenway Trail. The parks and open spaces will help the ecology of the land and water. Existing wetlands and wooded areas have been repaired, restored, and replanted in much better ecological condition. A tidal wetlands area was created to include the specialized habitat of the red-bellied turtle. The Waterside property is a shining example of an environmental vision becoming a reality through commitment and partnership. Source:

13 Enterprise Zone Projects LONGHORN RESTAURANT BRISTOL TOWNSHIP The former Longhorn Restaurant on Route 13 and Beaverdam Road is located in the Bucks County Enterprise Zone. It was best known as O Boyle s Ice Cream Company. Over the years, ownership changed hands several times, but once the latest business (Longhorn Restaurant) closed its doors the property fell into disrepair and became a vacant eyesore. The Township of Bristol, with the help of the Redevelopment Authority, acquired this property and rid the property of contamination prior to demolition of the restaurant. The RDA helped provide the impetus to attract a new owner and convert the building to a Dunkin Donuts, which improved the overall appearance of the vacant site and created new jobs for the community.

14 Enterprise Zone Projects Redevelop the Port of Bucks County; perform dredging of Fairless Turning Basin

15 Enterprise Zone Projects

16 Enterprise Zone Success Launched Bucks County s Brownfields Program; Completed Inventory of Brownfield Sites Throughout the County BEFORE: 9 TH STREET PERKASIE BOROUGH AFTER: FIRST SAVINGS BANK OF PERKASIE

17 Enterprise Zone Success Howell Property Morrisville Borough This property located in the downtown business district of Morrisville Borough had perceived environmental concerns and sat vacant for nearly 5 years.

18 Photos courtesy of

19 HOW WAS ALL THIS ACCOMPLISHED? COMMUNICATION COOPERATION COORDINATION CONSIDERATION

20 Goals and Objectives Provide financial and technical resources for small and start-up businesses in EZ: create Enterprise Zone One-Stop-Shop for businesses; One-Stop-Shop Revitalize older, abandoned or underutilized industrial properties & buildings: Brownfields Revitalization Program; Pictured to the right is the Grundy Commons along the Delaware Canal in Bristol Borough

21 Goals and Objectives Promote a positive image of balanced economic growth, community revitalization and business friendly environment; Revitalize downtowns and main streets Promote and support export related businesses: Deep Water Port at KIPC; and Establish, maintain and update a Comprehensive Strategic Plan for EZ Area. Pictured above: The Port of Bucks County, Falls Township

22 One-Stop-Shop Provide financial and technical resources to start up businesses, small businesses and existing business located in or relocating to the Enterprise Zone. Improve coordination between the business community and public sector organizations Establish clearinghouse of information for business assistance and development programs and resources Survey businesses to determine needs of the area businesses

23 Business Assistance & Programs Priority consideration for other DCED grant and loan funds Eligible to apply for Competitive low interest grants-to-loans for firms (RLF) Lowest statewide prevailing interest rates on other DCED business development loan programs, including PIDA, MELF, and Small Business First Eligible for tax credits against State tax liability

24 Business Assistance & Programs Designation of EZ firms as Socially & Economically Restricted Businesses to confer advantage in bidding on state government contracts Assistance for cleanup of contaminated sites under Act 2 Priority consideration for any resource administered by state gov t that would assist in leveraging imminent business investment and job creation in an EZ

25 Types of Financial Assistance & Incentives Low Interest Loans Redevelopment Assistance Program PA Industrial Development Authoirty MELF Small Business First Business Builder and more! Tax Incentives Enterprise Zone Tax Credit Program LERTA KOZ KOIZ Brownfields Funding Brownfields Cleanup Revolving Loan Funds Brownfields Assessment Funding Industrial Sites Reuse Program Job Creation Incentives On the Job Training Program Job Creation Tax Credits

26 Brownfields Revitalization Program

27 Executive Officers Chairman: Garney Morris Vice Chairman: Ken Worthington Treasurer: Nick Moran Secretary: Jane Burger Asst. Secretary: Ed Kisselback

28 THE PARTNERS: MUNICIPALITIES: Supervisors, Council Members and Mayors County Commissioners State & Federal Legislators PA Department of Community and Economic Development PA Department of Environmental Protection U.S. Environmental Protection Agency U.S. Department of Housing and Urban Development U.S. Economic Development Administration Bucks County Redevelopment Authority Bucks County Economic Development Corporation Bucks County Office of Community and Business Development Bucks County Planning Commission COMMUNITY RESIDENTS