Joe B. Kent, Memphis Corporate Community Leadership Measured, Page 28">

Open Letter – Legislative Leadership Needed for Local Economic Development

City Council, County Commission, Public Comment

From: jkent@pathtrek.net <jkent@pathtrek.net>
Sent: Wednesday, July 11, 2018 2:44 PM
To: ‘Heidi Shafer’ <heidi.shafer@shelbycountytn.gov>; ‘berlin.boyd@memphistn.gov’ <berlin.boyd@memphistn.gov>
Cc: ‘Richard Smith’ <richard_smith@ftn.fedex.com>
Subject: Open Letter Request

Dear Shelby County Commission Madam Chair Shafer & Memphis City Council Chair Boyd,

I am writing to you to ask that you please come together and seize this legislative leadership opportunity and immediately schedule the Joint EDGE committee meeting while leveraging the expertise of a soon to be departing experienced County Commission.

Both of you are on the public record waiting for the other to call this Joint Council / Commission Meeting. This is an open letter respectfully asking you to come together and schedule the Joint Committee meeting.

I am certain there are healthy offline meetings occurring related to local economic development. At the same time, given recent concerns expressed by local leaders, there is a significant leadership opportunity window that requires your unique legislative hand that leverages the soon to be departing and experienced County Commission and the public in curating and crafting local economic development policy. Public meetings and oversight provide a healthy vitality to the needed public conversation of economic development in addition to local establishment driven plans by outside consultants.

Since economic development impacts everything, here are specific suggested examples of some of the type of on the public record work the Joint Committee should immediately begin with to lead, curate and craft local economic development policy:

  1. Define Economic Development
  2. Encourage grassroots public and written comment
  3. University of Memphis Dr. John Gnuschke of the The Memphis Economy on The Amazon Road Map
  4. University of Memphis Mr. Ted Townsend Chief Economic Development and Government Relations Officer testimony
  5. Commissioner Steve Basar’s expansion on site readiness to support economic development
  6. David Waddell’s visionary ideas as featured in the Commercial Appeal
  7. Tom Jones public commentary on local economic development after years of writings in his Smart City Memphis Blog
  8. Mayor Strickland’s and Mayor Luttrell’s ideas for needed course correction
  9. Joe B. Kent on the need to restructure EDGE and local career pathways implementation in support of Memphis Opportunity promotion
  10. Brian Stephens explaining how the Greater Memphis Chamber Business Council fits into local economic development efforts
  11. Phillip Spinosa on the Chairman’s Circle role in economic development efforts and an update on the Moon Missions and Accountability Committee
  12. Harold Byrd and Cary Vaughn on County Municipal Chamber roles in economic policy development
  13. Outside plans from Community Lift, Greater Memphis Chamber and etc….

While public in meeting testimony is preferable, given time and scheduling restraints, I believe some of the above suggested testimony can be gathered by email and put on the public record. I hope both of you will come together to take up this needed work by scheduling the Joint Committee meeting to chart a vital public process of needed legislative oversight and economic policy development for years to come.

Thank you in advance for your consideration.

Sincerely,

Joe B. Kent – 5111 Flamingo, Memphis, TN. 38117

 

 

EDGE Public Comment – 06/20/18

EDGE, Public Comment

As I oppose some of these projects, there is nothing against the companies represented here today. In fact, in their shoes I would do the same thing as the EDGE Board rolls out the Green Carpet of the taxpayer for them. This is what I would like to ask of this EDGE Board

  1. Shelby County is the only County in the State doing residential PILOTs. This points to excessiveness. While using analyses loaded with multipliers, I would ask the Board to amend both the Broad and Thrive at the Park projects and require each to have a minimum 1.0 benefit cost ratio thereby reducing the abatement on each by approximately 50% . I would like to see zero abatement but at least an adoption of the amended proposal lets the taxpayer breakeven as an equal partner on the abatement which in any other part of the state would be excessive. Regardless of a zero abatement or a reduced abatement both of these projects are going to happen and these developers are going to make money.
  2. Deny the $650K Hollywood Feed increased abatement amendment which has already been secured with an 8 year PILOT Term and been amended upwards once. Hollywood Feed states in their amendment request “we just did not know how significant our growth would be”. That growth is occurring right here in Memphis, TN. with 70% store location growth since 2016. They do not need additional help from the taxpayer. In fact, with growth like that, we should be asking them for money !! And Congratulations to Hollywood Feed for their success !
  3. I would ask any of you that have served more than 4 years on this board to do the right thing for the community and resign after today’s meeting. You will be giving back to the community by filling gaps in a badly written ordinance that did not provide for EDGE Board Term Limits and adequate legislative oversight.
  4. Madam Secretary, record this public statement as stated, because whoever prepares the minutes often guts substantive public comment from the EDGE minutes that the Board approves at every meeting.
  5. As a needed vital system check, to the press, you should report retention PILOT accounting as incomplete resulting in a significant overstated “Total New Tax Revenue Generated” on the EDGE Scorecard. I say its bogus and press you can say that if you like with an approximate $900M overstatement.
  6. So just for today and just for kicks, pretend that you are making economic development decisions for the customer taxpayer and have some deliberative discussions and don’t rubber stamp everything before you while unnecessarily using taxpayer money for so called “economic development”.
  7. In summary, this proposal is pro-business and pro-economic development where everyone makes money and saves taxpayers approximately $9.5M. So again, 1) approve amendment of minimum 1.0 Cost / Benefit Ratio on Broad and Thrive 2) Deny Hollywood Feed Amendment and 3) Resign all which will improve corporate responsibility for a community in need.