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RETURN ON INVESTMENT (from 1st 4 Years)
- 6,855 new jobs created (3,738 primary + 3,117 secondary)
- Average per capita income 22% above state average
- $130 million of new commercial and industrial construction
- $11 million in new property tax revenues in next ten years projected from new construction
- $60 million annual increase in personal consumption expenditures = greater sales + greater sales tax collections
OTHER NOTABLE ACHIEVEMENTS
- Approval of Foreign Trade Zone status creating tax/tariff benefits for 150 businesses in Lee County industrial parks - 5,200 acre Zone area includes 2,000 prime developable acres) - Zone is one of the ten largest FTZs in the country
- Approval and funding for The IDEA Center - new business incubator facility and entrepreneurial support program, located in Tupelo's Fairpark district - opens February, 2006
- Led creation and spearheaded three-county PUL Alliance's marketing efforts for "The Wellspring Project" - 1,707 acre TVA-endorsed megasite
- Lee County Plus initiative secured inventory tax/freeport warehousing relief for business and industry
- Championed efforts to create MEGAPOP, providing high-speed broadband access to NE Mississippi
- Substantially increased efforts and positive outcomes in workforce development, training and career preparedness
- Partnered with CREATE Foundation to expand leadership training through Community Leadership Institute
- Supported local plant expansions/investments by existing business and industry through increased assistance services
- Achieved more rapid sale or lease of vacant industrial buildings, resulting in higher employment rates and increased business activity
- Strong successes in attraction and retention initiatives, bringing 20 new major businesses and industries and 47 major plant expansions to Tupelo/Lee County
10 Benefits for Investors
For Tupelo/Lee County, FUTURE FOCUS 2010 will:
- Create 4,000 primary jobs + 6,480 secondary jobs
- Achieve primary job wage rate of $15.25 for new jobs
- Generate $250 million in new payroll dollars
- Increase Lee County personal income by $175 million
- Increase Lee County consumer expenditures by $138 million
- Develop $21 million deposit potential for area banks
- Increase in personal consumption expenditures = greater sales + greater sales tax collections
- Foster $125 million in new capital investment in industrial and office construction - broaden tax base and collections
- Graduate 100 or more trained future community leaders through the Community Leadership Institute program
- Assist in having 2,000 employees receive job skills training
(ROI projections provided by Capital Strategists Group)
" Named to the top-twenty by Site Selection magazine. Ranked 19th out of America's 100 small cities in new and expanded facilities in 2002, 2003 and 2004
" Business Retention and Expansion International (BREI) selected CDF's Workforce Development Program for a special award at the 2004 annual meeting in Halifax, Nova Scotia, Canada
" Ranked 6th in "Top Micropolitans of the Year" - Site Selection magazine
" Ranked 18th strongest economy among the 573 micropolitan areas in the nation and 8th in the southeast in recent Policom Corp. economic strength ranking
" Wellspring Project certified as megasite location by McCallum Sweeney Consulting
" ACCRA Cost of Living Index, the most recognized national index in the United States, lists Tupelo/Lee County 13.4% below the national average
" 50+ of Fortune 500, national and international companies have a presence in Lee County
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