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Regional economic group says Auburn’s $5,000 investment yielded a 13:1 tax return; urges small high-quality space to attract firms
Summary
The Greater Sacramento Economic Council told Auburn council members the city’s modest investor contribution generated about $70,000 in tax revenue and recommended focusing on 5,000-square-foot “demisable” spaces, permitting speed and outdoor-recreation industry recruitment to capture more business relocations and expansions.
Charles Adrian, executive vice president of the Greater Sacramento Economic Council, told the Auburn City Council that the regional business-attraction organization has delivered measurable returns for small investor cities, including Auburn.
Adrian said Auburn’s roughly $5,000 annual investment in the council produced about $70,000 in tax revenue through regional relocations and expansions — an estimated return on investment of roughly $13 for every dollar invested. “We are the regional economic development organization here for the Greater Sacramento market, covering six counties,” Adrian said, describing the council’s role in marketing the region and helping…
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