Item C: Downtown Projects - Laserfiche WebLink

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JOBS/ECONOMIC DEVELOPMENT IMPACT ImpactDescriptionTotal Temporary Construction Jobs based on cost of construction project, business purchases 298-406 Related Jobsrelated to construction, and employee purchases Permanent JobsJobs relocated to downtown45+ Job Training ProgramsAt least 6 job training programs servicing 8,000 students Influx of LCC students and employees will attract new Indirect Economic & Other businesses, housing, and related services; exceptional building Impacts replaces the current hole and parking lot. 2 Temporary Construction Related Jobs: Expansion of LCC’s downtown presence will impact downtown’s economy as well as the regional economy. The benefits to downtown will be realized beginning with the construction phase of the building. With a projected total investment of $25-35 million, the project will result in as many as 272 to 380 temporary construction jobs estimated to last 18 months and approximately 26 indirect and induced jobs in areas such as production and transportation of construction materials. Permanent Jobs: The new Downtown Center investment will ensure that LCC’s existing, professional employment base will remain downtown. LCC plans to employ approximately 150 individuals at the new facility, about 45 of these employees will be new or relocated from other college sites. It is projected that a portion of the LCC building will be occupied by tenants. Specific tenants are unknown at this time; however, it can be assumed that one employee per 400 square feet would occupy additional leased space. Job Training Programs: The facility will include programs that lead to degrees and/or certificates in energy management, renewable energy, water conservation, building operations, sustainable building advising, and building auditing/inspecting. These programs represent some of the fastest growing career fields in today’s economy, and the new Downtown Center will be well positioned to prepare the workforce for the rapidly growing green jobs sector. Additionally, core career and technical training programs offered through the Downtown Center create career pathways, enhanced job skills, and retraining opportunities for community members. The Downtown Center will offer education and training in areas such as massage therapy, nutritional therapy, emergency medical technician, fitness education, AutoCAD, graphics, word processing, and English as a second language. In the 2008-2009 school year, LCC served 36,909 individuals. Approximately 3,500 of those students were served through the current LCC downtown center. LCC anticipates serving up to 8,000 students through the programs that will be housed in the new LCC downtown center. Based on the most current data available, in the 2007-2008 school year, LCC awarded 738 degrees and certificates. An average of 84% of LCC’s former career technical students who graduated found employment in jobs related to their LCC training within nine months. LCC reports that its full-time enrollment grew by 15.7% last year and growth is expected to continue as displaced workers return to college to train for 2 Temporary construction jobs were calculated based on the estimated costs of construction. Staff applied the U.S. Department of Energy standard: for every $92,000 invested in a project one temporary construction job will be created. Staff provided the estimated construction costs to the Oregon Employment Department to calculate the number of temporary construction jobs that would be created by “new” money flowing into the local economy.