Woodbury Co. board hopes to attract businesses, jobs with capital reinvestment program
NEAR SALIX, IA (KTIV) -
The county will be working on what they're calling a "capital reinvestment program along the Interstate 29 Corridor." It will cost about $62,000 to work on this plan. The money has already been set aside from local option sales tax.
The plan will look at the area along I-29 from the city of Salix north to Sergeant Bluff, and from the Missouri River east to the Union Pacific Railroad, east of I-29.
"It will show us how the money should be spent, where it should be spent, and also what kinds of developments are appropriate for that specific area down there," Woodbury Co. Chairman George Boykin said.
Those working on the project said they will take a deeper look at the infrastructure components in the area, and that will help the county identify land parcels that can be used for economic development.
"For the average citizen living in the area, hopefully it creates more jobs and more economic activity in the area," McClure Engineering President Terry Lutz said.
"This is a really exciting time for Woodbury County because we're going to be able to develop a long term strategy for economic development in the area that we're talking about, which will help grow the tax base," Woodbury Co. Rural Economic Development Director David Gleiser said.
Gleiser said by growing the tax base, this will help provide economic relief to people in the county.
Part of the plan also includes looking at revenues already coming into the county and ways to invest these funds in order to create more economic growth.
Once the plan is created, Gleiser said they will prioritize the "areas of opportunity," and then the county will play a big role in attracting new businesses.
The President of McClure Engineering said the plan includes working on a long-term financial model that will help the county make good financial decisions going forward.
Also, if the plan works out as expected, it should attract new businesses that will generate revenue for the county.
Thursday, July 24 2014 2:45 PM EDT2014-07-24 18:45:46 GMT
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