2. GFMEDC sales tax proposal - Laserfiche WebLink

Initial Funding Concepts- Summary Nothing valuable can be created without investment, and the citizens of Greater Fargo Moorhead realize that. In today's economic environment, tremendous potential exists for forward-thinking communities that make smart, targeted investments in growth sectors of the economy. The Growth Plan recommends a focused approach at building intellectual and research capacity in the areas where it makes sense for our community - and where we will get the greatest return on our investment. The following pages present a breakdown of initial concepts to fund the Growth Plan that will position Greater Fargo Moorhead to compete and win in the global economy. The mechanisms discussed include: . 1/2 penny Cass County sales tax . GFMEDC Smart Growth Initiative private sector campaign . Federal and state funding, and . Corporate investment. Looking Ahead The GFMEDC recognizes the importance of a regional, community-wide economic devel- opment effort for Greater Fargo Moorhead. Though this document addresses initial fund- ing concepts for implementation in Cass County, North Dakota, planners from both sides of the Red River recognizes the essential role of Clay County, Minnesota in the plan. Therefore, the GFMEDC intends to pursue a Growth Plan sales tax in Clay County within the next two years. Minnesota law requires sales tax-enabling legislation to pass through the State Legislature before it can be put to the citizens for a vote, so strategic planning leaders will work to secure this support over the next two years. 17