Regular Meeting of the Board of Commissioners Agenda January 19, 2012

OrderofBusiness
I. Call to Order II. Roll Call III. Pledge of Allegiance

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OrderofBusiness
IV. Adoption of the Agenda V. Introduction of Guest(s) VI. Public Input Cards on Agenda Items VII. Adoption of the Minutes for the October, 2011 Regular Meeting

VIII. Chair s Report

Bioscience Summit sponsored by the Board of Regents Resignation of Nolan Marshall, III Call for Nominations to sit on Finance Committee

IX. Treasurer s Report

Finance: A) Financial Statements: November 2011 B) City CEA - $50,000

X. President s Report
a. Organizational Funding i. Funding State and City alternatives
1. Business Plan development and submission to State

Industry BioclusterDevelopment

X. President s Report
a. Organizational Funding i. Funding State and City alternatives
1. Business Plan development and submission to State 2. Construction Impact Fee Selected Development Area

X. President s Report
a. Organizational Funding i. Funding State and City alternatives
1. Business Plan development and submission to State 2. Construction Impact Fee Selected Development Area 3. City CEA $75,000 Goody Clancy

X. President s Report
b. Operations and Programming Update

1. Business Development a. Meet the Industry Series b. IBM/ARCA Program Update 2. Workforce Development a. National Workforce Funders Collaborative Grant Hiring director 3. AURP Convention Success

4. Legislative Agenda a. Funding for the BioDistrict (Operating and Capital Outlay) b. Bioscience Tax credit fashioned after the Digital Media Tax Credit

X. President s Report
Current Tax Credits offered in LA
Film Tax Credit Performing Arts Tax Credit Digital Media Tax Credit R&D Commercialization Credit SBIR Match

X. President s Report
Bioscience Related: Digital Media R&D Commercialization Credit

X. President s Report
Digital Media
35%creditonPayrollexpensesforLA residentsand25%onqualied interac8vesoJwareproduc8onin
entertainment,healthcare,engineeringand othersectors.

R&D Commercialization Credit

40% onupto$250,000ayearin
research8edtoLouisianahighereduca8on campuses.Thoseresearchcompaniesmay applyfora6percentpayrollrebateon qualiedjobs.

X. President s Report
Louisiana Bioscience Tax Credit
35%creditonPayrollexpensesforLA residentsand25%onqualied engagedintheManufacturingof pharmaceu8calsandmedicaldevices

Summary

EconomicImpacts

In20years,theBioDistrictwill generate:

34,000neworsavedjobs, 8,800jobsyears15 $4billionincapitalinvestment, $24BillioninEconomicAcGvity, $2.45billioninyears15 $26.185BillioninPersonal Earnings

Summary

EconomicImpacts

In20years,theBioDistrictwillgenerate:

$3.352BninSateand LocalTaxGenerated,($167mperyear) $1.91Bn$95MillionannuallyStatetax $1.44Bn$72MillionannuallyLocaltax 1.8MillionSquareFeetofNeworAbsorbed PrivateSectorFaciliGes 2,000+HousingUnits 9MillionSquareFeetInsGtuGonalUses

Summary

NextStepAcGonPlan

ConGnuedBioDistrictOperaGonalFunding ForgingSuccessfulPartnerships:City/State InsGtuGons,FoundaGonsandBusinessCommunity DetailedSiteStudies:UGliGes,Parking,Downtown HealthCampus,ClaiborneAvenue,andTrac Management CoordinaGonwithCityonCZOandBlight ImplementaGon Public/PrivatePartnershipFinancing ImplementAcademicResearchDatabaseSystem FollowThroughonDetailedAcGonPlanand IdenGfyKeyCatalyGcProjects

XI. Other Old Business XII.New Business a. Special February Board of Commissioners Meeting XIII. Public Comment(s) XVI. Executive Session, if required XV. Adjournment

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