Community Budget Issue Requests - Tracking Id #833FY0102

Economic Incentives Program

Requester:

Lee Feldman

Organization:

City of North Miami

Project Title:

Economic Incentives Program

Date Submitted:

1/15/2002 7:09:18 PM

Sponsors:

Ronald Silver

Statewide Interest:

will meet documented need for economic development incentives for local businesses

Recipient:

City of North Miami

Contact:

Lee Feldman

776 NE 125th Street

Contact Phone:

(305) 893-6511

North Miami 33161

Counties:

Dade

Gov't Entity:

Yes

Private Organization (Profit/Not for Profit):

Project Description:

economic development incentive program for local business which will include micro loan program, facade improvements, low interest loans for construction, commercial renovation and fixed assets and job training program

Measurable Outcome Anticipated:

increase city's tax base and job creation

Amount requested from the State for this project this year:

$400,000

Total cost of the project:

$500,000

Request has been made to fund:

Operations and Construction

What type of match exists for this project?

Local

Cash Amount:

$100,000

Was this project previously funded by the State?

No

Is future-year funding likely to be requested?

No

Was this project included in an Agency's Budget Request?

No

Was this project included in the Governor's Recommended Budget?

No

Is there a documented need for this project?

Yes

Documentation:

City of North Miami Comprehensive Plan

Was this project request heard before a publicly noticed meeting of a body of elected officials (municipal, county, or state)?

Yes

Hearing Body:

City of North Miami City Council

Meeting Date:

10/9/2001