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• Olfeiing lax abatement for-Hew exponsim }o.prrle I-and-faeiIaee,Attracting employment training end education opportunities to benefit human capital and wage-earning potential • Offering training incentives to enable the workforce to respond to changes in technology; • Offering infrastructure improvements necessary to support expanded business activity; • Offering TIF investment in projects which expand/increase the local workforce and creates/retains jobs; • Offering other financial participation in existing industry expansion. It is appropriate to note that many or the new industries which are located in Mooresville have located here since the original ED/121)Plan was approved. The MRC participated in attracting these new industries,and now the industries that were once"new"to Mooresville are now the "existing industries"where the MRC seeks to encourage stability and expansion. We also note that the MRC's previous decisions to participate in sewage works debt served to keep the sewer utility rates low and have made the Mooresville facilities more cost-competitive within the corporate hierarchy of each existing industry. Experience suggests(hat the most cost-competitive facilities are more likely to be selected by corporate management for expansion than the cotnpeting plants in any corporate system. As such,the MRC's participation in sewage works debt helps to stimulate growth in existing industries by keeping utility costs low. At the same time,lower utility costs are also an clement of attracting new industries. Communities with higher utility costs are generally required to compensate for those high utility costs by including some offsetting incentive in their attraction proposals. As such, the MRC's partnership with the Town has succeeded is not only securing existing industries,but also in making Mooresville sites more attractive to outside corporate interests, Each of the above itemized methods for stimulating expansion of existing business/industry requires that the MRC preserve some reserve cash which can be quickly and efficiently dedicated to suppott a proposal to expand existing industry,or to attract new industry. This use of MRC revenues represents a high priority til)Project,and these projects are considered to indisputably meet the Findings of IC 36-7-1d, • Infrastructure Improvements/Enhancements • The MRC Retreat also placed a high priority on a variety of infrastructure-related projects. Economic development policy across the state and nation generally acknowledges"infrastructure improvements"to include the following forms of public infrastructure: • Sewage/wastewater infrastructure; o Collections sewer line repairs and upgrades; o Interceptor sewer facilities and upgrades; o lift station capacities and upgrades o Sewage treatment capacity and technology; • Water infrastructure,including o water supply, o water storage(fire protection),and o water lines/delivery/pressure: 5 Mooresville Economic Development&Redevelopment Plans:2012 Amendment (draft,lune 27,2012)