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HomeMy WebLinkAbout09-09-19 City Commission Packet Materials - C3. Economic Development Administration Grant Application for EDA Programs Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Brit Fontenot, Director of Economic Development SUBJECT: Authorize the City Manager to sign an Economic Development Administration (EDA) General [Grant] Application for EDA Programs (ED- 900) and other associated documents necessary to facilitate the EDA grant application and authorize the City Manager to submit the application on behalf of the City of Bozeman. MEETING DATE: September 9, 2019 AGENDA ITEM TYPE: Consent RECOMMENDATION: Authorize the City Manager to sign an Economic Development Administration (EDA) General [Grant] Application for EDA Programs (ED-900) and other associated documents necessary to facilitate the EDA grant application and authorize the City Manager to submit the application on behalf of the City of Bozeman. BACKGROUND: On April 15, 2019, the City Commission unanimously adopted Resolution 5031, declaring broadband as essential infrastructure in the City of Bozeman. (Attachments 1 and 2) Resolution 5031 accomplishes two goals. First, it is a message to the community that the City values as essential, the benefits that 21st century broadband connectivity brings to Bozeman. As such, the Commission resolution encourages both public and private sector organizations to consider the value that the installation of fiber optic conduit can bring to a residential, commercial or institutional construction projects. Second, the Bozeman City Commission is committing to giving consideration, at the appropriate time and through the appropriate process, to the following; 1) create and implement a conduit utility master plan and begin the transition for operating the conduit system as its own enterprise fund; 2) include a conduit design and construction standard as part of the City’s approved engineering standards; 3) maintain updated record drawings and GIS mapping of the City-owned conduit network; 4) consider the 77 expansion of the existing City-owned fiber optic conduit network infrastructure when appropriate and when funding is available; 5) utilize conduit lease revenue for the purchase of additional public conduit; and 6) align conduit network expansion decisions with the City Budget and Capital Improvement Plans and planning processes. To date, the City has invested approximately $1.08 million dollars into public fiber optic conduit deployment in the Downtown and Midtown URDs and contracts with Bozeman Fiber for management and maintenance of the publicly owned conduit. The public conduit system, which uses a seven-duct future-path, has two lessees and returns revenue in the amount of approximately $50,000 per year. We continue to add lengths of conduit to our public system on an ad-hoc basis, growing the de-facto utility asset but using an under-managed and under-resourced strategy. Best practices would include a more direct management of the utility, design and inspection standards, detailed record drawings of the public network, GIS mapping of the conduit network and hand holes, consideration of conduit network expansion during the yearly budgeting and CIP process and increase the lease revenue to invest in the expansion of the public conduit network. A fiber conduit master plan will provide answers and direction on these and other questions such as costs, planning, funding, operations and maintenance and other details. This project, if funded in part by the EDA, is targeted directly at carrying out the action, or actions, enumerated above. The creation and adoption of a conduit utility master plan enables a smooth and thoughtful transition into owning, managing and growing the City’s public conduit system which, in turn, enables fiber optic deployment to businesses and residences in the City of Bozeman. (Attachments 3 – 7) Project staff anticipate additional letters of support. We have reached out to the Montana congressional delegation, as well as others, for letters of support for the application. (Attachment 8) UNRESOLVED ISSUES: None ALTERNATIVES: As proposed by the City Commission FISCAL EFFECTS: The City Commission approved $50,000, of the $100,000 requested, toward a fiber conduit masterplan in the FY20 Economic Development budget. Staff estimates that the cost of a fiber conduit master plan is approximately $100,000. The total budget for the project is $104,000, which includes the $4,000 cost of managing and servicing the grant. This amount will be paid to the Northern Rocky Mountain Economic 78 Development District for these services. The City’s Finance Department will also have a role to play in the grant management and eventual audit of the project expenditures. ATTACHMENTS: 1) April 15, 2019 City Commission Packet material – Resolution 5031 declaring broadband as essential infrastructure in the City of Bozeman; 2) Finalized Minutes from the April 15, 2019 City Commission Packet material – Resolution 5031 declaring broadband as essential infrastructure in the City of Bozeman; 3) Form ED-900 – General Application for EDA Programs; 4) Bozeman Broadband Economic Impact Report; 5) Form SF 424A 2019 - Project Budget Sheet; 6) Form CD-511 Certification Regarding Lobbying; 7) Montana Secretary of State Certificate of Existence and Good Standing for the Northern Rocky Mountain Economic Development District; and 8) Letter of Support from the Northern Rocky Mountain Economic Development District. Report compiled on: 08-30-19 79 1 Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Brit Fontenot, Economic Development Director SUBJECT: Resolution 5031 Declaring Broadband as Essential Infrastructure in the City of Bozeman MEETING DATE: April 15, 2019 AGENDA ITEM TYPE: Action RECOMMENDATION: Adopt Resolution 5031 Declaring Broadband as Essential Infrastructure in the City of Bozeman STRATEGIC PLAN ELEMENTS SUPPORTED BY RESOLUTION 5031: 1. An Engaged Community 1.1 Outreach 1.2 Community Engagement 2. An Innovative Economy 2.1 Business Growth 2.2 Infrastructure Investments 2.3 Workforce Development 3. A Safe Welcoming Community 3.1 Public Safety 4. A well Planned City 4.3 Strategic Infrastructure Choices 4.4 Vibrant Downtown, Districts & Centers 5. A Creative Learning Culture 5.3 Partnerships for Education and Learning 6. A Sustainable Environment We cultivate a strong environmental ethic; protect our clean air, water, open spaces and climate; and promote environmentally sustainable businesses and lifestyles. 7. A High Performance Organization 7.3 Best Practices, Creativity & Foresight 7.4 Performance Metrics BACKGROUND: Since May, 2013 the City of Bozeman has worked diligently to bring high quality, high-speed, high-capacity, redundant and affordable broadband to Bozeman, Montana. 47980 2 First, we created a steering committee of knowledgeable professionals and community stakeholders to assess the state of affairs. It was found that demand existed, especially in the growing high-tech business community, for better, more cost effective solutions for achieving gigabit services in Bozeman. Next, the Bozeman Fiber Master Plan and Feasibility Study was adopted by the City Commission in January, 2015. Finally, in May, 2015, Bozeman Fiber, the 501(c)4 community benefit non-profit, was created by the City to fund, construct and operate an initial $3.85M, 23 mile high quality, high-speed, high- capacity, redundant and affordable fiber-optic network. The network currently connects the City of Bozeman, Gallatin County and BSD7 school facilities on leased dark fiber. Additionally, Bozeman Fiber serves 113 businesses around Bozeman and will eventually consider residential fiber throughout the community. Bozeman Fiber is currently under contract to manage the City’s 5+ miles of existing fiber-optic conduit in the Downtown, Midtown and now Northeast Urban Renewal District. Cities around the United States and countries around the world recognize the value of connected communities and countries. As the number, capacity and utility of devices grow, so does the need for advanced infrastructure to accommodate increases in speed, quality and capacity. Broadband and high capacity telecommunications networks are essential for many 21st century, global technology businesses like those growing in Bozeman. In 2018, the top five countries in the world with the fastest internet includes; 1) Singapore, 2) Sweden, 3) Denmark, 4) Norway and 5) Romania. The United States ranks 20th in the world; clearly we have some work to do. In 2018, the City of Bangor, Maine declared fiber as essential infrastructure and prioritized the deployment of this infrastructure to support social, economic and knowledge development in their community. In 2016, Canada declared high speed broadband as “essential for quality of life.” Broadband is essential 21st century infrastructure. Resolution 5031 declares broadband as essential infrastructure in the City of Bozeman, Montana. Reliable, high speed, affordable access to the Internet is imperative for Bozeman residents, businesses, governmental agencies, non-profit organizations, and visitors. The Internet is changing how humans interact with each other and with the world at large, as well as being a driving force for the current and future economy. The Internet creates opportunity for increased innovation for consumers, businesses, and government. Countries, states, counties and cities that prioritize and provide access to advanced Internet infrastructure such as broadband are surpassing those that do not in terms of social, economic, and knowledge development. The City of Bozeman should prioritize this infrastructure as an essential, elevating the importance of broadband with that of water, sewer, stormwater and electricity. Resolution 5031 encourages two primary actions, first, the declaration of broadband as essential infrastructure elevates the importance of planning for and funding this piece of critical infrastructure. It also encourages the public and private 48081 3 sector to consider deploying fiber conduit in construction projects to future-proof them in the present thus lowering the cost of retrofitting this piece of infrastructure when it becomes necessary in the future. Next, Resolution 5031 enumerates several actions and decision points, i.e. budget, CIP etc., where City staff and the Commission can determine the funding amounts and sources for furthering this Commission priority. UNRESOLVED ISSUES: None at this time. FISCAL EFFECTS: There are no direct fiscal effects from the adoption of Resolution 5031 however, there may be fiscal impacts from subsequent decisions made during budget discussions and perhaps in the planning for the next Capital Improvement Plan update. The resolution sets out to accomplish two goals. First, Resolution 5031 is a message to the community that the City values as essential, the benefits that 21st century broadband connectivity brings to Bozeman. As such, the Commission encourages both public and private sector organizations to consider the value that the installation of fiber optic conduit can bring to a residential, commercial or institutional construction project. Second, the Bozeman City Commission is committing to giving consideration, at the appropriate time and through the appropriate process, to the following; 1) create and implement a conduit utility master plan and begin the transition for operating the conduit system as its own enterprise fund; 2) include a conduit design and construction standard as part of the City’s approved engineering standards; 3) maintain updated record drawings and GIS mapping of the City-owned conduit network; 4) consider the expansion of the existing City-owned fiber optic conduit network infrastructure when appropriate and when funding is available; 5) utilize conduit lease revenue for the purchase of additional public conduit; and 6) align conduit network expansion decisions with the City Budget and Capital Improvement Plans and planning processes. If decisions are made to move forward with any or all of the proposed actions, there may be additional fiscal impacts commensurate with the decisions made at that time. Updated fiscal effects will be provided at each future decision point where Commission action is required. To date, the City has invested approximately $1.08 million dollars into public fiber optic conduit deployment in the Downtown and Midtown and contracts with Bozeman Fiber for management and maintenance. The City-owned conduit system, which uses a seven-duct conduit, has two lessees and returns revenue in the amount of approximately $50,000 per year. 48182 4 ATTACHMENTS AND HYPERLINKS: 1. Resolution 5031 Declaring Broadband as Essential Infrastructure in the City of Bozeman; 2. Downtown and Midtown Conduit Network Map as of March, 29, 2017; 3. City’s GIS Map of the Bozeman Fiber Network; 4. Link to the January 26, 2015 Commission Memo and Resolution 4576 adopting the Bozeman Fiber Masterplan and Feasibility Study; 5. Link to Connecting America: The National Broadband Plan; and 6. Links to topical articles and information: a. Broadband: 21st Century Infrastructure, Government Technology, June 10, 2016. b. What is Broadband?, Broadband Matters, Accessed: April 3, 2019. Source: Information from Wisconsin’s Broadband Reference Guide produced by: WI Public Service Commission, UW-Extension Madison, and the Center for Community Technology Solutions, January, 2014. c. Ten Reasons Why Broadband Infrastructure Should Be a Municipal Utility, Entry Point Networks, July 25, 2018. Report compiled on: April 5, 2019 48283 Page 1 of 5 RESOLUTION NO. 5031 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, DECLARING BROADBAND ESSENTIAL INFRASTRUCTURE IN THE CITY OF BOZEMAN, MONTANA. WHEREAS, the term “broadband” commonly refers to high-speed Internet access that is always on and significantly faster than traditional dial-up access1. WHEREAS, the Federal Communications Commission defines “broadband” as having a minimum of 25 Mbps download, and 3 Mbps upload speeds2. WHEREAS, “essential infrastructure” is a term used by federal, state and local governments and includes assets, systems, and networks, whether physical or virtual, so vital that their incapacitation or destruction would have a debilitating effect on security, national economic security, public health or safety, or any combination thereof. Key Resources are publicly or privately controlled resources essential to the minimal operations of the economy and government; also referred to as “critical infrastructure”3. 1 “Types of Broadband Connections.” Federal Communications Commission, Updated: Monday, June 23, 2014. https://www.fcc.gov/general/types-broadband-connections. 2 “FCC Broadband Definition Has Changed Before and Will Change Again.” Broadband Now, Updated: February 10, 2018. https://broadbandnow.com/report/fcc-broadband-definition/. 3 “Critical Infrastructure and Key Resources.” Federal Emergency Management Administration, Accessed: April 3, 2019. https://emilms.fema.gov/IS520/PAN0101400text.htm. 48384 Resolution 5031, Declaring Broadband as Essential City Infrastructure Page 2 of 5 WHEREAS, the Federal Communications Commission has identified universal availability of affordable broadband access for all citizens as a national priority4; and WHEREAS, community broadband networks are essential for education, healthcare, market competition, consumer choice, economic development, and universal, affordable Internet access nationwide; and WHEREAS, the economic health of municipalities depends on public and private investment to connect their communities; and WHEREAS, many municipal governments consider broadband to be a critical form of infrastructure, and more than 750 communities have therefore made significant investments in publicly-owned broadband infrastructure; and WHEREAS, in the vast majority of community broadband networks built to date, the private sector has been involved in helping design, build, and operate the network – creating new business opportunities and jobs in the process; and WHEREAS, to compete successfully in an increasingly global environment, the Bozeman community should take advantage of all of the technological solutions that high-speed broadband access and community fiber optic networks offer; and WHEREAS, sufficient broadband infrastructure has become increasingly necessary to support many forms of federal, state and local governmental infrastructure around the world, from smart-meter electrical grids, to connected traffic management networks, to sensor-enabled water and sewer systems and Bozeman is part of this global trend; and WHEREAS, robust broadband is needed to support the deployment of advances in smart city technologies, as well as autonomous and unmanned vehicles and systems; and 4 “National Broadband Plan”. Federal Communication Commission, Accessed: April 3, 2019. https://www.fcc.gov/general/national-broadband-plan. 48485 Resolution 5031, Declaring Broadband as Essential City Infrastructure Page 3 of 5 WHEREAS, in-home broadband access has been shown to increase home values by 3%, and up to 7.1% at higher speeds5, and to boost economic and entrepreneurial activity within communities who gain access to widely available broadband; and WHEREAS, the Internet is changing how humans interact with each other and with the world at large, as well as providing innovation for the current and future economy; and WHEREAS, the Internet creates opportunity for increased innovation for consumers, businesses, and government; and WHEREAS, countries, states, and cities that prioritize and provide access to advanced Internet infrastructure such as broadband are surpassing those that do not in terms of social, economic, and knowledge development; and WHEREAS, broadband infrastructure has become an economic necessity for Bozeman, driving education, healthcare, public safety, economic growth, and governmental operating efficiency in a 21st century economy; and WHEREAS, in 2013 pursuant to Commission Resolution 4434, the City of Bozeman supported the Broadband Steering Committee in their efforts to bring fast, reliable and affordable broadband Internet services to the region in furtherance of the City’s economic development goals; and WHEREAS, in 2015 pursuant to Commission Resolution 4576, the City of Bozeman adopted the Bozeman Fiber Master Plan and Feasibility Study and provided policy direction to staff to incorporate elements of the Bozeman Fiber Master Plan and Feasibility Study into the Downtown and Midtown Urban Renewal District plans; and 5 Knutson, Ryan. “How Fast Internet Affects Home Prices.” Wall Street Journal, June 30, 2015. 48586 Resolution 5031, Declaring Broadband as Essential City Infrastructure Page 4 of 5 WHEREAS, in 2015, the Bozeman City Commission adopted priorities which included implementation of the Bozeman Fiber Master Plan and Feasibility Study; and WHEREAS, in 2015 pursuant to Commission Resolution 4596 the City Manager filed articles of incorporation with the Montana Secretary of State creating the entity, Bozeman Fiber as a 501(c)4 community benefit non-profit corporation. WHEREAS, in 2016 Bozeman Fiber constructed a twenty-three (23) mile high-speed, high-capacity, redundant, middle-mile fiber optic network in Bozeman; and WHEREAS, to date, the City of Bozeman and its urban renewal districts have invested $1.08 million dollars in public conduit; and WHEREAS, reliable, high-speed, redundant, affordable access to the Internet is imperative for Bozeman residents, businesses, non-profit organizations, and visitors; and WHEREAS, broadband is considered essential infrastructure that contributes to the social and economic health of Bozeman and as essential, as water, sewer, stormwater, streets and electricity infrastructure. NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman, Montana, that broadband is designated as essential infrastructure in the City of Bozeman; and NOW, THEREFORE, BE IT FURTHER RESOLVED that the City of Bozeman encourages both the public and private sector to consider the installation of fiber optic conduit where appropriate, including public facilities and private residential and commercial construction, to facilitate fiber optic deployment, network expansion and increased community connectivity; and 48687 Resolution 5031, Declaring Broadband as Essential City Infrastructure Page 5 of 5 NOW, THEREFORE, BE IT FURTHER RESOLVED that the City of Bozeman will; 1) create and implement a conduit utility master plan and begin the transition for operating the conduit system as its own enterprise fund; 2) include a conduit design and construction standard as part of the City’s approved engineering standards; 3) maintain updated record drawings and GIS mapping of the City-owned conduit network; 4) consider the expansion of the existing City- owned fiber optic conduit network infrastructure when appropriate and when funding is available; 5) utilize conduit lease revenue for the purchase of additional public conduit; and 6) align conduit network expansion decisions with the City Budget and Capital Improvement Plans and planning processes. PASSED, ADOPTED, AND APPROVED by the City Commission of the City of Bozeman, Montana, at a regular session thereof held on the 15th day of April, 2019. CYNTHIA L. ANDRUS Mayor ATTEST: ROBIN CROUGH City Clerk APPROVED AS TO FORM: GREG SULLIVAN City Attorney 48788 48889 Bozeman Fiber Network (including conduit in the Midtown and Downtown leased from the City of Bozeman) 48990 91 92 93 94 95 96 97 98 99 100 This is a placeholder document for the report "Attachment 3 EDA Form 900 Final (3)". There was an error in the publishing process and it could not be converted to PDF. 101 AN ECONOMIC IMPACT ANALYSIS OF BROADBAND-INDUCED GROWTH AND NEW CONNECTIONS IN THE BOZEMAN AREA 2019 Prepared by: Rob Gilmore, Executive Director The Northern Rocky Mountain EDD August 2019 102 Page | 1 Table of Contents General Project Description ...........................................................................................................2 Definitions and Methods ................................................................................................................ 3 Background and Methodology ....................................................................................................... 4 About the Northern Rocky Mountain Economic Development District ...................................... 6 Summary of Economic Impacts ..................................................................................................... 7 How To Read This Analysis ........................................................................................................... 8 Economic Impact Analysis –Bozeman Broadband Initiative 2019 .............................................. 9 Gross Economic Output ................................................................................................................. 9 Gross County Product .................................................................................................................... 9 Total Labor Income....................................................................................................................... 10 Total Employment ........................................................................................................................ 10 Capital Income .............................................................................................................................. 11 Indirect Business Tax.................................................................................................................... 11 103 Page | 2 General Project Description This study seeks to value the economic benefit of adding new broadband capacity to the City of Bozeman. The City of Bozeman created a steering committee of knowledgeable professionals and community stakeholders to assess the state of affairs. It was found that demand for broadband existed, especially in the growing high-tech business community, for better, more cost effective solutions for achieving gigabit services in Bozeman. The Bozeman Fiber Master Plan and Feasibility Study was adopted by the City Commission in January, 2015 and in May, 2015, Bozeman Fiber, the 501(c)4 community benefit non-profit, was created by the City to fund, construct and operate an initial $3.85M, 23 mile high quality, high-speed, high-capacity, redundant and affordable fiber-optic network. The network currently connects the City of Bozeman, Gallatin County and BSD7 school facilities on leased dark fiber. Additionally, Bozeman Fiber serves 113 businesses around Bozeman and will eventually consider residential fiber throughout the community. Bozeman Fiber is currently under contract to manage the City’s 5+ miles of existing fiber-optic conduit in the Downtown, Midtown and now Northeast Urban Renewal District. Cities around the United States and countries around the world recognize the value of connected communities and countries. As the number, capacity and utility of devices grow, so does the need for advanced infrastructure to accommodate increases in speed, quality and capacity. Broadband and high capacity telecommunications networks are essential for many 21st century, global technology businesses like those growing in Bozeman. In 2018, the top five countries in the world with the fastest internet includes; 1) Singapore, 2) Sweden, 3) Denmark, 4) Norway and 5) Romania. The United States ranks 20th in the world; clearly work remains. In 2018, the City of Bangor, Maine declared fiber as essential infrastructure and prioritized the deployment of this infrastructure to support social, economic and knowledge development in their community. In 2016, Canada declared high speed broadband as “essential for quality of life.” Broadband is essential 21st century infrastructure. The City’s Resolution 5031 declares broadband as essential infrastructure in the City of Bozeman, Montana. Reliable, high speed, affordable access to the Internet is imperative for Bozeman residents, businesses, governmental agencies, non-profit organizations, and visitors. The Internet is changing how humans interact with each other and with the world at large, as well as being a driving force for the current and future economy. The Internet creates opportunity for increased innovation for consumers, businesses, and government. Countries, states, counties and cities that prioritize and provide access to advanced Internet infrastructure such as broadband are surpassing those that do not in terms of social, economic, and knowledge development. The City of Bozeman should prioritize this infrastructure as an essential, elevating the importance of broadband with that of water, sewer, storm water and electricity. 104 Page | 3 Definitions and Methods The Gross Economic Output is the total economic benefit including all direct and indirect benefits. The total includes benefits that occur within and without the state or county project area. The Gross State Product represents the amount of benefit that is retained in the County. The remaining reports; Total Labor Income, Capital Income and Indirect Business Taxes are subsets of the Gross State Product. When added together, labor income, capital income and indirect taxes roughly equal the amount of Gross State Product. The Total Employment report is not a numerical subset of the Gross State Product. The Project’s analysis reports on the following six categories: 1. Gross Economic Output: The aggregated market value of goods and services produced by businesses and government enterprises in the economy. It is essentially equal to the revenue collected by businesses (including indirect taxes) within the County or impact area. 2. Gross County Product: The total of value added created by the production of goods and services in the economy. It represents the sum of labor compensation, capital type income and indirect business taxes. Gross County Product is best described as new money added as a result of the combined activities of this project. 3. Total Labor Income: The compensation to employees and self-employed proprietors including both wages and indirect payments such as retirement benefits, health insurance and other similar fringe benefits. 4. Total Employment: The number of jobs generated within the impact area including full-time and part-time positions, salaried workers and sole proprietors. 5. Capital Income: The sum of income such as business profits, interest and rental income. Capital Income is best described as non-labor benefits. 6. Indirect Business Tax: Taxes and fees not based in the businesses’ income. It may represent sales taxes (if any) levied by the state and county and property taxes levied against businesses as well as federal, state and local fees. 105 Page | 4 Background and Methodology The analysis seeks to measure both direct and social benefits the local economy receives from the expanded broadband service. A recent study completed by the National Rural Electric Cooperative Association (NRECA)1 estimates that the economic impact of broad band exceeds $68.2 billion annually in its member areas. It also values that the average benefit to each household that receives broadband service at $1,950. This study shows the economic impacts for each 500 homes connected in the Bozeman area. NRECA noted that the study didn’t look at the impact of missed opportunities such as expanded jobs, education and economic growth. Factoring that impact in would cause the economic impact of lack of broadband to be even higher, the association said. “Closing the digital divide is imperative for rural communities and will help improve the economic outlook for the entire country,” NRECA CEO Jim Matheson said in a press release about the study. “Millions of Americans are locked out of the new digital economy simply by virtue of their zip code. Electric co-ops recognize the importance of expanded broadband access and are working to be part of the solution.” Much of the economic impacts are projected and will not be realized until the project is completed. As an example of how broadband impacts the area and is found in a report2 prepared by Dr. Raul Katz, Director, Business Strategy Research, at the Columbia Institute for Tele-Information (CITI) at Columbia University, pointed to positive impacts that include • New and innovative applications and services, such as telemedicine, internet search, e- commerce, online education and social networking. • New forms of commerce and financial intermediation • Mass customization of products • Reduction of excess inventories and optimization of supply chains • Business revenue growth • Growth in service industries 1 NRECA 9/12/18 Carl Weinschenk 2 Impact of Broadband on the Economy, Dr. Raul Katz, Columbia Institute for Tele-Information at Columbia Univ. 106 Page | 5 The study pointed to research across 48 states that shows for every 1% point increase in broadband penetration in a state, employment is projected to increase by 0.2 to 0.3% per year “assuming the economy is not already at 'full employment'” The study also pointed to research that shows an increase in 10% of broadband penetration is associated with at 3.6% increase in efficiency. This study measures the value of each $5 million in increased efficiency. The economic impact analysis that follows represents a community-wide view of economic impacts and is more comprehensive than measuring direct expenditures and employment. For example, the analysis measures the economic “footprint” as dollars multiply inside and outside of the market area and includes both direct and indirect impacts. Once the gross economic output is computed the analysis then seeks to quantify the economic benefits to the local project area. 107 Page | 6 About the Northern Rocky Mountain Economic Development District The Northern Rocky Mountain Economic Development District has prepared economic impact reports for state agencies, cities, counties, economic development districts and private corporations. Each report is based on datasets that are specific to the project’s location and unique industry sectors. Rob Gilmore, the report’s author has more than 15 years’ experience analyzing projects and is recognized for his work in creating solutions that monetize social impacts. Rob is the recipient of the Ford Foundation’s Award for Innovations in American Government and the Council of State Government’s Award for Innovation. 108 Page | 7 Summary of Economic Impacts The Economic Impact Report that follows shows that the total economic impact of $5 million in broadband-induced growth, plus 500 new broadband connections exceeds $8.9 million. Of the total $8.9 million in economic benefits, the majority of $5.9 million are retained in the local market. The activities listed in this study support a total of 197 local jobs. Capital income, or non-payroll-related benefits, total $3.9 million. When totaled, broadband- induced growth and new connections create an estimated $1 million in indirect tax benefits. The attached Economic Impact Report details the direct and indirect economic impacts. The study categories are described in the “Definitions and Methods” section. Benefit summary: • $8.9 million in Gross Economic Output • $5.9 million in Gross County Product. • $3.9 million in Total Labor Income • 197 total jobs (full and part-time). • $1.0 million in Capital Income. • $987,977 in Indirect Business Taxes and Fees. 109 Page | 8 How To Read This Analysis The report has several headings, including direct impact, indirect and induced impact and total impact. Definitions for these headings are posted in Wikipedia at http://en.wikipedia.org/wiki/MIG,_Inc. A summary of the website follows: The Multiplier Model is derived mathematically using the input-output model and Social Accounting formats. The Social Accounting System provides the framework for the predictive Multiplier Model used in economic impact studies. Purchases for final use drive the model. Industries that produce goods and services for consumer consumption must purchase products, raw materials, and services from other companies to create their product. These vendors must also procure goods and services. This cycle continues until all the money is leaked from the region’s economy. There are three types of effects measured with a multiplier: the direct, the indirect, and the induced effects. The direct effect is the known or predicted change in the local economy that is to be studied. The indirect effect is the business to business transactions required to satisfy the direct effect. Finally, the induced effect is derived from local spending on goods and services by people working to satisfy the direct and indirect effects. 1. Direct effects take place only in the industry immediately affected: if DEMCO (example name for this hypothetical company) adds 39 employees, the manufacturing industry gains 39 employees. 2. Indirect effects concern inter-industry transactions: because DEMCO is expanding, they have an increased demand for locally produced materials needed to produce their product. This will affect all of their suppliers, possibly resulting in a few more jobs. Supplier employment gain would be the Indirect effects. 3. Induced effects measure the effects of the changes in household income: employees hired by DEMCO and suppliers may add expenditures in restaurants and shops. These changes affect the related industries.[1] 4. Impacts the total changes to the original economy as the result of a defined event. i.e. Direct effects + Indirect effects + Induced effects = Impacts 5. Frequency (not included in the Wikipedia definition) identifies whether the event provides a one-time benefit or if the benefit is annually reoccurring. Events are reported in this analysis as either ‘one-time’ or ‘on-going’. 110 Page | 9 Economic Impact Analysis –Bozeman Broadband Initiative 2019 Prepared by the Northern Rocky Mountain EDD Gross Economic Output The aggregated market value of goods and services produced by firms and government enterprises in the County's economy. It is essentially equal to the revenue collected by businesses (including indirect taxes) within the County. Implan Industry Frequency Direct Impact Indirect and Induced Impact Total Impact City of Bozeman, Broadband Induced Impacts for each $5 million in increased business efficiency On Going $5,000,000 $2,483,326 $7,483,326 City of Bozeman, Broadband Induced Impacts for each 500 connected households On Going $975,000 $484,249 $1,459,249 Totals: $5,975,000 $2,967,574 $8,942,574 Gross County Product The total value added created by the production of goods and services in the local economy. It is analogous to the concept of Gross Domestic Product at the national level. It represents the sum of labor compensation, capital type income (profits, interests and rents), and indirect business taxes (which are mainly sales taxes, but also include property taxes and government mandated fees). Implan Industry Frequency Initial Purchase Total Impact City of Bozeman, Broadband Induced Impacts for each $5 million in increased business efficiency On Going $5,000,000 $5,011,849 City of Bozeman, Broadband Induced Impacts for each 500 connected households On Going $975,000 $977,311 Totals: $5,975,000 $5,989,160 111 Page | 10 Total Labor Income The compensation to employees and self-employed proprietors including both wages and indirect payments such as retirement benefits, health insurance and other similar fringe benefits. Implan Industry Frequency Initial Purchase Total Impact City of Bozeman, Broadband Induced Impacts for each $5 million in increased business efficiency On Going $5,000,000 $3,315,471 City of Bozeman, Broadband Induced Impacts for each 500 connected households On Going $975,000 $646,517 Totals: $5,975,000 $3,961,988 Total Employment The number of jobs generated within the County, and includes: * full-time and part-time positions * salary workers *sole proprietors. Implan Industry Frequency Initial Purchase Total Impact City of Bozeman, Broadband Induced Impacts for each $5 million in increased business efficiency On Going $5,000,000 165 City of Bozeman, Broadband Induced Impacts for each 500 connected households On Going $975,000 32 Totals: $5,975,000 197 112 Page | 11 Capital Income The sum of all property type income (such as business profits, interest income and rental income) generated within the County. Implan Industry Frequency Initial Purchase Total Impact City of Bozeman, Broadband Induced Impacts for each $5 million in increased business efficiency On Going $5,000,000 $869,619 City of Bozeman, Broadband Induced Impacts for each 500 connected households On Going $975,000 $169,576 Totals: $5,975,000 $1,039,195 Indirect Business Tax Are taxes and fees that are not based in the businesses' income. For the most part they represent sales taxes levied by the State and the county, but also include property taxes levied against businesses as well as fees imposed by federal, state and local governments. Implan Industry Frequency Initial Purchase Total Impact City of Bozeman, Broadband Induced Impacts for each $5 million in increased business efficiency On Going $5,000,000 $826,759 City of Bozeman, Broadband Induced Impacts for each 500 connected households On Going $975,000 $161,218 Totals: $5,975,000 $987,977 113 114 115 116 117 032020180729 IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Great Seal of the State of Montana, at Helena, the Capital, this 20th day of March, 2018. COREY STAPLETON Montana Secretary of State Certificate Number: 032020180729 The Secretary of State cannot certify that tax and penalties owed to this state on record with the Department of Revenue are current. Please contact the Department of Revenue at (406) 444-6900 to obtain information on tax status. No articles of dissolution have been placed on record in this office by said corporation and the records indicate the corporation is in good standing under the laws of the State of Montana. The most recent annual report has been filed with this office. Payment is reflected in the records of the Secretary of State for all fees owed to the Secretary of State. duly filed its Articles Of Incorporation for the domestic entity in this office on November 24, 2006, and on that date was authorized to transact business in this state for a term of Perpetual duration. NORTHERN ROCKY MOUNTAIN ECONOMIC DEVELOPMENT DISTRICT I, COREY STAPLETON,Secretary of State for the State of Montana, do hereby certify that: CERTIFICATE OF EXISTENCE 118 119 120