The Missing Piece of the Puzzle: Financial Comparisons

1
The Missing Piece of the Puzzle Financial
Comparisons

• Different Results Using the
• Same Basic Assumptions

2
Lets Not Miss an Opportunity

• LRAAC Reviewed NOIs for financial feasibility
• Measured part of the Community Proposal,
• But not all of it
• LRAAC Created and evaluated another NOI
• Measured using Criteria
• Retail Sales -- New Jobs
• Income to the Region ---Taxes to Government
• No other proposal was evaluated this way

3
Comparisons Should Be Made

• Using Same Criteria
• Using Same level of Expertise
• Measuring for the Highest and Best Uses for the
  Community
• So, I took a stab at it.

4
Cumulative New Jobs, 2014-2020
5
Direct Income from Jobs Created In Proposals
2011-2020
6
Income from Proposals Indirect Jobs, 2011-2020
7
Total Income Generated by Proposals New jobs
8
Total Income Brought to Spokane by Proposals.
9
Taxable Sales Per Year, Retail vs. Wholesale _at_
50
10
State Tax Revenues, Excluding Equipment Excise
Tax for MFG
11
City Revenues from New Firms and New Jobs in Each
Proposal
12
County Revenues from New Firms and New Jobs in
each Proposal
13
This Missing Part of the Puzzle

• Compares apples to apples
• Meets Needs
• Community Economic Revival
• Residents Near-Homeless jobs training
• Local Economy increased direct wealth
• Governments Essential Revenues
• Little investment NO Selloff of Land