Bio District BOC Presentation 1.19.12

8/2/2019 Bio District BOC Presentation 1.19.12

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Regular Meeting of theBoard of Commissioners

Agenda

January 19, 2012



Order of BusinessI. Call to Order

II. Roll CallIII. Pledge of Allegiance



IV. Adoption of the Agenda

V. Introduction of Guest(s)VI. Public Input Cards on Agenda

Items

VII. Adoption of the Minutes for the October, 2011 Regular

Meeting

Order of Business



5

VIII. Chair s Report

• Bioscience Summit sponsored by theBoard of Regents

• Resignation of Nolan Marshall, III• Call for Nominations to sit on Finance

Committee



6

IX. Treasurer s Report

• Finance:

A) Financial Statements: November 2011

B) City CEA - $50,000



a. Organizational Funding

i. Funding – State and City alternatives

1. Business Plan development and

submission to State

X. Presidents Report



Industry

Biocluster Development






submission to State2. Construction Impact Fee – Selected

Development Area







submission to State2. Construction Impact Fee – Selected

Development Area

3. City CEA $75,000 – Goody Clancy




X. Presidents Reportb. Operations and Programming Update

1. Business Developmenta. Meet the Industry Seriesb. IBM/ARCA Program Update

2. Workforce Developmenta. National Workforce Funders Collaborative Grant

– Hiring director

3. AURP Convention Success

4. Legislative Agendaa. Funding for the BioDistrict (Operating andCapital Outlay)b. Bioscience Tax credit fashioned after theDigital Media Tax Credit




Current Tax Credits offered in LA Film Tax Credit

Performing Arts Tax Credit

Digital Media Tax Credit

R&D Commercialization Credit

SBIR Match




Bioscience Related:

Digital Media

R&D Commercialization Credit




Digital Media

R&D Commercialization

Credit40% on up to $250,000 a year in

research 8ed to Louisiana higher educa8on

campuses. Those research companies may

apply for a 6 percent payroll rebate on

qualified jobs.

35% credit on Payroll expenses for LA

residents and 25% on qualified

interac8ve soJware produc8on in

entertainment, healthcare, engineering and

other sectors.




Louisiana Bioscience Tax Credit

35% credit on Payroll expenses for LAresidents and 25% on qualified

engaged in the Manufacturing of

pharmaceu8cals and medical devices



Summary

• Economic Impacts

— In 20 years, the BioDistrict will

generate:

• 34,000 new or saved jobs,

• 8,800 jobs years 1‐5

• $4 billion in capital investment,

• $24 Billion in Economic AcGvity,• $2.45 billion in years 1‐5

• $26.185 Billion in Personal

Earnings



Summary

• Economic Impacts

— In 20 years, the BioDistrict will generate:

• $3.352 Bn in Sate and

Local Tax enerated, ($167 m per year)

• $1.91 Bn ‐‐ $95 Million annually ‐ State tax

• $1.44 Bn ‐‐ $72 Million annually – Local tax

• 1.8 Million Square Feet of New or Absorbed

Private Sector FaciliGes

• 2,000+ Housing Units

• 9 Million Square Feet InsGtuGonal Uses



Summary

• Next Step AcGon Plan

— ConGnued BioDistrict OperaGonal Funding

— Forging Successful Partnerships: City /State

InsGtuGons, FoundaGons and Business Community

— Detailed Site Studies: UGliGes, Parking, DowntownHealth Campus, Claiborne Avenue, and Traffic

Management

— CoordinaGon with City on CZO and Blight

ImplementaGon

— Public/Private Partnership Financing

— Implement Academic Research Database System

— Follow Through on Detailed AcGon Plan and

IdenGfy Key CatalyGc Projects



20

XI. Other Old Business

XII. New Business

a. Special February Board of Commissioners

MeetingXIII. Public Comment(s)

XVI. Executive Session, if required

XV. Adjournment

Bio District BOC Presentation 1.19.12

Documents

Transcript of Bio District BOC Presentation 1.19.12