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    WD C-Jackson Eda Report

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    The Town of Jackson Economic Development Authority has created an economic policy plan to guide decisions around development, infrastructure, and quality of life. The plan establishes six guiding principles, including maintaining Jackson as a regional economic center while respecting its natural environment. It analyzes issues like the town's shifting tax base away from businesses toward residents. To address concerns, the plan proposes actions like business retention programs, skills training for companies, and downtown parking expansion.

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    WD C-Jackson Eda Report

    Uploaded by

    api-318161462
    114 views2 pages
    The Town of Jackson Economic Development Authority has created an economic policy plan to guide decisions around development, infrastructure, and quality of life. The plan establishes six guiding principles, including maintaining Jackson as a regional economic center while respecting its natural environment. It analyzes issues like the town's shifting tax base away from businesses toward residents. To address concerns, the plan proposes actions like business retention programs, skills training for companies, and downtown parking expansion.

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    The Town of Jackson Economic Development Authority has created an economic policy plan to guide decisions around development, infrastructure, and quality of life. The plan establishes six guiding principles, including maintaining Jackson as a regional economic center while respecting its natural environment. It analyzes issues like the town's shifting tax base away from businesses toward residents. To address concerns, the plan proposes actions like business retention programs, skills training for companies, and downtown parking expansion.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    114 views2 pages

    WD C-Jackson Eda Report

    Uploaded by

    api-318161462
    The Town of Jackson Economic Development Authority has created an economic policy plan to guide decisions around development, infrastructure, and quality of life. The plan establishes six guiding principles, including maintaining Jackson as a regional economic center while respecting its natural environment. It analyzes issues like the town's shifting tax base away from businesses toward residents. To address concerns, the plan proposes actions like business retention programs, skills training for companies, and downtown parking expansion.

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    Town of Jackson

    Economic Development Authority


    Report

    Executive Summary

    The Town of Jackson Economic Development Authority (EDA) has


    written an economic policy plan for the town of Jackson. The plan
    is intended to advance dynamic and interactive discussion. It will
    be used to continuously assess and foster decision-making about
    the following in the town of Jackson:

    Development
    Infrastructure
    Quality of life

    Mission Statement
    The purpose of the EDA is to foster a sustainable economy consistent with the towns planning
    objectives. The mix of industry, commerce, open space, residential development, and the arts in
    Jackson results in the towns vitality and an excellent quality of life for its citizens. Maintaining
    this balance is important.

    Guiding Principles
    Six basic principles guide Jacksons economic policy. These principles seek to safeguard
    the special features that give the town its character while embracing appropriate economic
    opportunities.

    1. Jackson should remain a major economic center of the region.


    2. Economic activity must respect Jacksons natural, cultural, and historic heritage.
    3. A pedestrian-friendly commercial center is essential.
    4. Sustained economic prosperity requires a balance between residential development,
    industrial/commercial development, and open space.
    5. Open space in the rural district must be preserved.
    6. Investing in the infrastructure is necessary to maintain and expand the existing tax and
    job base.

    Issues
    Of Jacksons approximately 64,000 acres of land, 12% is zoned for business, commercial,
    or industrial use, and 88% for residential development. Historically the town has relied upon
    business and industry to provide 35%-40% of the tax base, as well as employment opportunities.
    Non-residential development has traditionally been the backbone of the Jackson economy.
    Today, however, Jackson does not have a great deal of non-residential development potential.

    The population of Jackson is expected to rise dramatically over the next few decades. The
    following chart shows the expected change:

    YEARS POPULATION GROWTH


    2000-2020 4.5%
    2020-2040 53% (projected)
    Source: Office of State Planning

    At issue is the towns ability to continue to support increasing public costs (most importantly,
    education) with a tax base shifting toward residential taxpayers. The EDA believes Jackson
    should remain the market center of the region and avoid becoming a bedroom community.
    Jackson has maintained a sense of community in part because more than 50% of working
    residents are able to earn a living within the town. Jobs must be continuously created to sustain
    the percentage of residents who live and work in Jackson.

    Proposed Actions
    Implement a business retention program that focuses on the growth and expansion of
    businesses already operating in Jackson.
    Build a consortium of technical and skill development resources to assist companies with
    educational and training needs.
    Sponsor a green business workshop.
    Allocate funds for expanded downtown parking.
    Develop a strategic open space plan.

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