BROWNFIELD, TX—What Brownfield and Terry County can expect in the way of new jobs and other economic benefits when Halliburton relocates its operations to Hogue Industrial Park are among the findings the Brownfield Industrial Development Corporation (BIDC) will present at 4 p.m., Thursday, August 8th at the Brownfield City Hall Council Chambers. The meeting is open to the public.
Economic consultant Brian Kelsey will present a fiscal impact analysis his firm Civic Analytics prepared on BIDC’s behalf. The analysis examined the overall return, weighing the costs and the benefits, the community can expect from the incentive package that will be offered to Halliburton.
The Hogue Industrial Park, where Halliburton purchased a 100-acre site, spans 900 acres of farm land just north of Brownfield. Terry County, the City of Brownfield and the Brownfield Industrial Development Corporation have collaborated on an incentive package that will be presented to Halliburton for consideration sometime in late August.
“This fiscal impact report takes information supplied by Halliburton and provides us a cost-benefit analysis of our proposed incentive agreement.” said Partlow, Director of BIDCorp. “With it we can determine our return on investment.”
“It’s important for communities to know what the return on investment will be if they’re going to offer incentives to a company,” said Brian Kelsey, Principal of Civic Analytics. “Even when using an extremely conservative approach in the cost-benefit analysis done on behalf of BIDC for this project, it appears to be a win-win for the City of Brownfield and the company.”
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About Brownfield Industrial Development Corporation
The Corporation is a non-profit corporation specifically governed by the Texas Development Corporation Act of 1979. The purpose of the Brownfield Industrial Development Corporation is to promote, assist, and enhance economic development in Brownfield, Texas.
About Civic Analytics
Civic Analytics LLC is an Austin-based economic research and consulting firm that specializes in economic and labor market research for private and public sector clients.
Brian Kelsey, Principal, Civic Analytics
Brian Kelsey is an economic development consultant and lecturer at The University of Texas at Austin, where he teaches a course on economic development and serves as a fellow at the Center for Politics and Governance . His firm, Civic Analytics, specializes in economic and labor market research for private and public sector clients.
Previously, Kelsey was a senior advisor at the U.S. Economic Development Administration, where he engineered a $37 million grant program highlighted by the Center for American Progress as a compelling answer to the issue of unemployment and was awarded the U.S. Department of Commerce Gold Medal for creating an “unprecedented platform for coordinating Federal economic development efforts.” He’s co-author of Measuring Regional Innovation with Randall Kempner and a frequent contributor to stories about Austin’s economy in the Austin American-Statesman.