Economic Development
Oxford High School
9/21/2007

Overview of Today's Discussion
Discuss Town Government Obligations
Educate the town's children
Maintain and enhance infrastructure
Provide law enforcement and emergency
response services
Discuss how the Town funds these
obligations
Describe the role and contribution of
the economic development function
2

Services Provided by the Town
K-12 Education
Public Works
Road Repair & Construction
Plow, Sand & Main Right of Way Safety
Land Use Planning & Administration
Emergency Services
Fire Department
Police Department
Ambulance Services
3

Services (continued)
Special Services
Maintain Land Records Town Clerk
Building Code Compliance Building
Dept
Parks & Recreation Maintain Parks &
Administer Recreation Programs
Senior Center Services
Library Services
4

Funding Requirements
Education
68.9%
Municipal Services
31.1%
Debt Service
7.9%
Public Works
5.6%
Public Safety
4.0%
General Government
5.3%
Library, Seniors, Park & Rec., AC 8.3%
5

Funding Sources - Taxation
Property Taxes Land & Buildings
90.0%
Residences 96%
Business Properties
4%
Personal Property Taxes -
2.8%
Vehicles Taxes -
7.1%
Service Fees -
.1%
The current mix of business and residential
properties makes Oxford residents
responsible for funding 95% of the tax base!
6

Ultimate Goal of the Economic
Development Program
Attract new businesses to Oxford that have
customers outside of the Oxford Community
Why? Because businesses pay local taxes from funds
received from their customers!
Therefore Oxford residents will pay lower taxes because
they can share the Town operating costs with people that live
elsewhere!
Furthermore New jobs created in Oxford will produce
demand for new local services spawning new Oxford
businesses [known as the economic multiplier]!
Economic Multiplier - Additional local tax revenues will be
collected from the new workers that live outside of Oxford
that consume services within Oxford!
7

Economic Development a General
Definition
Economic development is defined as
all efforts that seek to improve the
economic wealth well-being and
quality of life of a community by
creating and/or retaining jobs and
supporting or growing incomes and the
tax base.
8

Oxford's Official Economic
Development Objective
Our Mission
"promote economic growth and
development and expansion of the tax
base while maintaining and improving
the quality of life consistent with the
Town of Oxford Plan of Conservation
and Development."
9

Long Term Goals
Support implementation of Oxford's Plan of
Conservation & Development
Facilitate planned development of industrial
and commercial properties while protecting
Oxford's rural character
Provide financial support to the Town by
increasing the industrial and commercial
grand list and tax revenues
10

Strategies
Establish an inventory of flex-space buildings and
shovel ready industrial properties available for sale
or lease
Extend water, sewer, industrial power and natural
gas infrastructures
Complete roadway improvements in the industrial
area
Develop marketing & promotional programs that
present Oxford opportunities to the business and
development communities
Maximize use of grant funding from State, Federal
and private sources
11

Initiative Develop shovel ready
properties & flex-space building inventory
Complete subdivision of Town owned
properties
Sell non performing Town owned properties to
developers for commercial & industrial
development
Facilitate development of privately owned
tracts in the industrial and commercial zones
Encourage flex-space building development
Utilize Town and the Connecticut Economic
Resource Center (CERC) websites to
market Town opportunities
12

Initiative Extend industrial
infrastructure
Extend three phase power
Riggs Street to Christian Street (1 mile) Complete 3/07
Jacks Hill to Woodruff Hill Road (.8 miles) Complete 2/07
Build Oxford Distribution Substation Scheduled 12/08
Extend industrial roadways
Build Woodruff Hill Road (.5 miles) Complete 8/07
Build Commerce Drive (.3 miles) to Larkey RD by 1/08
Build Fox Hollow Road (.5 miles) by 10/07
Reclaim Christian St. - Rt 67 to Jacks Hill - Complete
New waterline to Woodruff Hill Industrial Park - 6/07
Extend sewer/water to West Street on Rt 67 12/07
13

Initiative - Create marketing
promotional programs
Develop a new Marketing Campaign
Create "Oxford, The Right Choice" marketing campaign
Create a new town brochure and sales & marketing materials
Develop business retention programs
Publish an Economic Development Newsletter
Conduct local business forums
Establish a local business database and directory 12/07
Initiate a business outreach program
Utilize CERC website and listing services to advertise Oxford
development opportunities
Leverage Chambers of Commerce, developer and broker
relationships in support of Town marketing efforts
Maximize press coverage of Oxford economic development
efforts
14

Initiative Maximize use of grant
and private funding sources
Complete Connecticut
Environmental Policy
Act Study (CEPA) to
qualify Oxford for
State grant funding
Utilize federal, state
and private grant
funding to subsidize
enhancement and
extension of Town
infrastructure
15

Economic Development Scorecard
as of July 31 2007
Oxford Economic Development Scorecard
Summary of New Industrial & Commercial Floorspace January 2004 - July 31, 2007
Number
Square
Buildings Square Feet
Feet
Square Feet Total Square
Assessed Revenue @
New Buildings
Lots
Built
Approved
Planned
Feet
Value
.01937
Industrial Buildings Built by Owners

98,205
98,000
196,205
8,297,213
160,717
Industrial Flex Space Buildings (Spec)

106,400
81,100
24,000
211,500
9,849,498
190,785
Commercial Buildings

9,200
15,000
24,200
1,644,860
31,861
Total Industrial Development
27
213,805
96,100
122,000
431,905
19,791,572
383,363
Fox Hollow Industrial Park (9 Lots) *
9
210,000
210,000
9,694,942
187,791
Woodruff Hill Industrial Park (17 Lots)
17
500,000
500,000
23,083,194
447,121
Technology Park (10 Buildings)
10
720,000
720,000
58,610,351
1,135,283
Total Industrial Park Potential
36
1,430,000
1,430,000
91,388,487
1,770,195
* Total potential sf reduced by planned buildings on lots 2 &7

Total New Floorspace/Revenue
213,805 1,526,100
122,000
1,861,905 111,180,059
2,153,558

Revenue Forecasts - High Value Projects
2007-2008
2008-2009
2009-2010
Annual
Spectra Energy - Oxford Compressor Station
500,000
500,000
500,000
CL&P Distribution Substation
284,000
284,000
284,000
Towantic Energy Tax Revenue
800,000
1,175,000
4,350,000
2,350,000
Towantic Water Lift Station
400,000
Towantic Community Development - Ladder Truck
900,000
Towantic Energy - Build Wycoff Drive
4,500,000
Total Tax Revenues by Fiscal Year - High Value Projects
6,600,000
1,959,000
5,134,000
3,134,000
Total New Tax Revenues Generated by Oxford Economic Development - 2009-2010 Ongoing
5,287,558
Historical Comparison
Installed Floorspace as of January, 2004
1,261,770
Potential Floorspace - July 31, 2007
Percentage Increase over 2004
248%
3,123,675
Building Floorspace - July 31 2007
Percentage Increase since 2004
34%
431,905
17

Partial list of new businesses
Elco Inc (10,000sf)
CED Inc. (30,000sf)
Supreme Alarm Screens
Scot Technologies
Lynch & Sons (36,000sf)
Nexus Design
A & B Wood Design (19,900sf)
Mirtec Inc
Collins Box (15,000sf)
FDR Special Products
Zackin Publishing (10,000sf)
Sterling Products
Weisachs Autohaus
DRG Contract Manufacturing
Oxford Automotive LLC
DRG Surgical
Polder Inc (72,000sf warehouse)
Magellan Service Corp
Woodbury Supply Co. (33,000sf)
Tools Plus (30,000sf)
Regin International
Kulinkowski LLC
Valley Orthopedic Specialists
Nick's Roofing & Siding
H.I. Stone (7,200sf)
Access Rehab Services
RxCare Pharmacy (5,000sf)
Executive Aircraft Interiors
Spectra Energy(.5 Million in taxes)
From Nature with Love (30,000sf)
18