2009-2010 Dallas Economic Development Guide

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Statistical Profile DFW Cost of Living Index

DFW Public School Districts 2007 Regional Summary

Metropolitan Statistical Area

Value (U.S. Average = 100)

New York-Northern New JerseyLong Island, NY-NJ-PA

Region 10

Region 11

Collin, Dallas, Ellis, Kaufman, Hunt, Rockwall, Fannin, Grayson, Van Zandt

Denton, Hood, Johnson, Parker, Tarrant, Cooke, Erath, Palo Pinto, Somervell, Wise

Total Number of Districts

115

91

Total Number of Schools

1,089

816

694,194

498,041

20.0%

19.0%

Counties in Service Region

1

219.8

San Francisco-Oakland-Fremont, CA

172.1

San Jose-Sunnyvale-Santa Clara, CA

156.0

Los Angeles-Long Beach-Santa Ana, CA

147.7

Washington-Arlington-Alexandria, 137.0

San Diego-Carlsbad-San Marcos, CA

136.4

Boston-Cambridge-Quincy, MA-NH

133.6

Philadelphia-Camden-Wilmington,

Student Profile Total Number of Students Career and Technology Education Enrollment Gifted and Talented Program Enrollment

PA-NJ-DE-MD

123.9

Seattle-Tacoma-Bellevue, WA

123.0

Chicago-Naperville-Joliet, IL-IN-WI

112.5

Denver-Aurora, CO

105.0

Tampa-St. Petersburg-Clearwater, FL

97.3

Atlanta-Sand Springs-Marietta, GA

97.2

Cleveland-Elyria-Mentor, OH

96.3

San Antonio, TX

95.6

Charlotte-Gastonia-Concord, NC-SC

94.2

Cincinnati-Middlegtown, OH-KY-IN

92.6

Dallas-Fort Worth-Arlington, TX

91.8

Source: ACCRA Cost of Living Index, 2008

DFW Incentives The Texas Enterprise Zone Program was established to encourage the creation of permanent jobs and to induce capital investment in areas of economic distress. Both state and local tax incentives and other economic programs may be structured to businesses located in designated enterprise zones.

Incentives Available in Enterprise Zones State-designated Enterprise Zone projects may be eligible to receive refunds of up to $1.25 million in state sales or use taxes paid on qualified expenditures. The amount of the refund is related to capital investment and job creation. Each project is limited to a maximum refund of $250,000 per year for five years. Enterprise Zone projects may also qualify for franchise tax reductions. The business is allowed a reduction of taxable capital or earned surplus by the amount of the company’s investment in an enterprise zone. The deduction is 50 percent of the investment if taken as a capital deduction, or 5 percent, if taken as an earned surplus deduction. This deduction is subject to certain timing restrictions. Projects located in an Enterprise Zone that create at least 10 new jobs may qualify for a one-time

8.0%

9.0%

Number of Graduates (Class of 2006)

35,235

26,492

% Graduated (Class of 2006)

79.8%

84.4%

14.8

15.2

Reading

89.0%

90.0%

Math

78.0%

79.0%

Writing

92.0%

93.0%

All Tests

71.0%

72.0%

Total Operational Spending Per Pupil

$7,258

$7,122

Instructional Spending Per Pupil

$4,250

$4,156

Percent Tested

66.1%

66.7%

Percent At or Above Criterion

32.7%

33.3%

SAT I: Mean Total Score

1,012

1,025

ACT: Mean Composite Score

21.1

21.2

Number of Students Per Teacher

Statistical Profile

DC-VA-MD-WV

www.dallaschamber.org

Service Region Composition

Texas Assessment of Knowledge and Skills (TAKS)

Operational Expenses

College Admission Tests - Class of 2006

1DFW metro counties in italics. Sources: Texas Education Agency - Snapshot 2007

franchise tax refund of up to $5,000. Businesses may also qualify for a one-time state sales tax refund of up to $5,000 in taxes paid for machinery and equipment to be used in the enterprise zone. The business is required to have been operating in the enterprise zone for at least three years and retain at least 10 jobs.

Texas Enterprise Fund The Texas Enterprise Fund, the state’s “deal closing fund,” is an innovative economic development tool used to attract new business to the state or assist with the considerable expansion of an existing business as part of a competitive recruitment situation. Funds can be used for infrastructure development, community development, job training programs and business incentives. Capital investment, job creation, wages generated, and federal and local government and private sector

financial support of a project are significant factors in approving the use of the Enterprise Fund.

Skills Development Fund The Skills Development Fund assists businesses and trade unions by financing the planning and implementation of customized job training. The purpose of the program is to respond to the needs of businesses, job creation through business expansion or relocation and continue to help the creation of a competitive advantage. Businesses and trade unions must partner with a community or technical college, the Texas Engineering Extension Service or a community-based organization working in partnership with one of these establishments. Businesses should have a training plan and pay wages to employees who successfully complete the training program that are greater than or equal to the prevailing wage

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