Job Opportunity Building Zones JOBZ

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The JOBZ Deal EvaluatorA Tool for Community
Decision-Making

Scott Moore Neal Young
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What Is It?

• Online tool to gather information to assist
  community decision-making
• Uses state and local data for comparison to
  assist community rating of projects
• Useful for comparing current and potential JOBZ
  projects
• Collaborative effort between various DEED offices
  and partners

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How Does It Work?

• Four-Step Process
• Input project data and community standards
• Provide relative weights for evaluation factors
• Compare project data to baseline data rate
  outcomes
• Review the final output

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Step 1JOBZ Project Inputs
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Step 2Relative Weights for Evaluation Factors

• There are eight factors used to evaluate a
  business JOBZ project
• The user specifies weights based on the relative
  importance of the factors
• These weights are used to calculate the project
  rating index in Step 4

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Step 3Evaluation of Project Outcomes

• In first column, user compares project outcome to
  evaluation standard
• Based on data comparison, user rates project on 5
  point scale, with 1 being below standard, 3 being
  at the standard, and 5 being above the standard

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Step 4Review the Final Output

• This step includes two final indicators
• Key indicator is project rating index, based on
  relative weights and community ratings from Step
  2 and Step 3
• Also includes key wage comparison

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Two ExamplesStep 1
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Example 1Step 2
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Example 1Step 3
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Example 1Step 4

• Project Rating Index 440 points, including 50
  points for new jobs relative to retained jobs
  (meeting all standards would yield over 300
  points)
• Comparison to 110 of Poverty for a Family of
  Four 9.3
• Annual Financial Benefit (annual new payroll plus
  pro-rated capital investment) 4.99 million
• BenefitCost Ratio 691

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Example 2Step 2
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Example 2Step 3
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Example 2Step 4

• Project Rating Index 262.5 points, including
  12.5 points for new jobs relative to retained
  jobs (meeting all standards would yield over 300
  points)
• Comparison to 110 of Poverty for a Family of
  Four -3.3 (caution)
• Annual Financial Benefit (annual new payroll plus
  pro-rated capital investment) 25,000
• BenefitCost Ratio 0.551

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Neal Young neal.young_at_state.mn.us
Scott Moore scott.moore_at_state.mn.us
On the web www.positivelyminnesota.com