Economic Opportunity

Goal 1: Facilitate private sector expansion of business investment, job creation, technology, innovation, and income growth
Source: Building & Safety Department     EO Goal1     7/10/2013
About this measure:
The data is derived from valuation estimates from permits issued by the Building & Safety Department. The benchmark established for this indicator ($201 million per year) is based on a three year average of permit valuations for the 2009-2011 time frame. In 2012 commercial permitting activity exceeded the established benchmark with $339 million of valuation.
Why It Is Important:
Commercial/business permitting activity and valuation is an indicator of economic vitality.
What Is Being Done:
The City of Lincoln assists employers with expansion and new business development projects in our community. The Mayor’s Office has an economic development coordinator that works directly with business leaders to help guide them through City related processes and link them with the appropriate departments and staff. This strengthens Lincoln's business climate by providing primary employers with a business advocate who can assist them in their quest to grow and prosper. The Development Services Center was created to speed the City’s permitting process, cut red tape, and allow entrepreneurs to move development projects more quickly.



Source: Building & Safety Department     EO Goal1     7/3/2013
About this measure:
The Lincoln Partnership for Economic Development, City of Lincoln, and our economic development partners dedicate resources to marketing our community in an effort to attract new business investment and job creation to Lincoln. An indicator of overall program effectiveness are the number of businesses requesting detailed information about our community. These leads resulted in an average of 8 community visits per year (+26%) by businesses or site location consultants expressing interest in Lincoln. The benchmark for performance is based on a three year average of leads generated during the 2009 - 2011 time frame (average leads = 37 per year). While Lincoln did not meet the benchmark in 2012, it was exceeded in 2011 with 48 leads.
Why It Is Important:
New business investment can lead to job creation opportunities for Lincoln residents and local businesses. It also can have a positive impact on our tax base, enhancing the financial position of the City.
What Is Being Done:
The City partners with the Lincoln Partnership for Economic Development (LPED), providing $500,000 annually to assist existing employers and attract new business and investment in our community. Attracting new business investment requires outreach, maintaining a strategic data and publications, and a highly organized resource network. The Mayor’s Office has an economic development coordinator that works closely with LPED to create an annual program of projects in an effort to optimize the use of these resources.



Source: Building & Safety Department     EO Goal1     7/3/2013
About this measure:
The City of Lincoln, the Lincoln Partnership for Economic Development, NE Department for Economic Development, Lincoln Electric System, and Black Hills Energy collaboratively survey Lincoln businesses to determine trends and help develop an annual community economic development work plan as part of a joint Business and Retention and Expansion program. The survey asks employers if they plan to expand in the coming year and those responses provide the data for this indicator.
Why It Is Important:
Business expansion creates economic growth and new jobs. The data helps the partners determine strategies for fostering economic development success. It also helps identify individual businesses that may need assistance and support.
What Is Being Done:
The City partners with the Lincoln Partnership for Economic Development, providing $500,000 annually to assist existing employers and attract new business and investment in our community. The Mayor’s Office has an economic development coordinator that works with businesses to help guide them through City related processes and link them with the appropriate departments and staff. A Business Retention and Expansion program strengthens Lincoln's business climate by providing primary employers with a business advocate who can assist them in their quest to grow and prosper.