TO BUILD A PROGRAM

Funding Opportunities for Economic Development and Revitalization

About the Program• Partnership of three local governments :

Pulaski County and the Cities of Little Rock and North Little Rock

• Six member Revolving Loan Fund Committee

• Revolving Loan Fund Grant (RLF) 2005 for $3,000,000

• RLF Supplemental Funding Award of $350,000 in 2013

• Assessment Grants – Hazardous and Petroleum in 2011 for $200,000 each

• $36,000,000 in Projects Leveraged through 2013

Shared Vision for Success

Creating a Successful Program

Vision

Mission

Outcomes

• Stakeholders• Priorities

• Opportunities• Perspective

• Mission• Sustainability

Stakeholders Visions

Culture•What did each partners’ culture want/need?

Partnerships• How to respect each

partners wants/needs?

Policy•Who is supporting this partnership?

Targeting Areas What are the real opportunities? Does the project promote the mission?

Creating a Sustainable RLF Board Key people who believe in the program Membership deliverables

Targeted Area

RLF Board

Target Tangible Opportunities

Finding a Balance That Works Leveraging the Micro with Macro Viewing a Project from the Inside Out Seek Creative Leveraging

KNOW YOUR STAKEHOLDERS’ MISSIONS!

MISSION

OUTCOMES

Deliverable Outcomes

• RLF Loan of $785,000 in 2008

• 5.8 Acre Tract on Desirable Riverfront

• 10 Months for Complete Turnkey Cleanup

• Leveraged $3.2 Million

http://output.newplans.com/Outputs/Project_14888/index.html

Smarthouse Way

•RLF Loan of $275,000 in 2011

•Planned with EPA’s Greening

America’s Capitals

•Empty for 25 Years, Scheduled for Demo

•Mixed-use, LEED construction, 32 Units

•Leveraged 44 jobs in Empowerment Zone

•Leveraged $3.1 Million

K Lofts

•RLF Loan of $916,000

•Historic and New Market Tax Credits

•Planned with EPA’s Greening

America’s Capitals

•Leverage Partnership with Ark. Symphony,

Ballet & Ark. Repertory Theater

•Leveraging $21 Million in redevelopment

Main Street Lofts

Our House•First Program Sub-grantee

•Partnership with PCBF since 2002

•State’s Only Licensed Childcare for Homeless

•Sub-grant for New Childcare Center

•EPA Job Training Grantee

•Leveraged Brownfields Participation for

$1 million New Market Tax Credit

•Delta Presents Outreach Foundation

•501(c)3 for Local Delta Sigma Theta Sorority

•Smallest Award to Date

•Investment in “Human Capital”

•Organization’s Mission Reflects Our Own

Delta Foundation

It is my belief that a successful Brownfield redevelopment program is a significant part of governing in an urban setting. We are in an era where 80 percent of the people in our county live in the cities and towns.

Our challenge then, is to provide space for ourselves and our children to experience the green earth in an urban setting; and aggressively seek the ways and means to build our future with sensitivity to past Buddy VillinesPulaski County Judge/CEO

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Funding Opportunities for Economic Development and Revitalization

Josh Fout, Program Administrator201 S. Broadway, Suite 220, Little Rock, AR 72201

P: 501-340-3594 F: 501-340-8951 E: jfout@co.pulaski.ar.us

www.pulaskicountybrownfields.comfacebook.com/pucobrownfields

Images courtesy of the EPA, Downtown Partnership, Arkansas Highway Department, Ensafe, City of Little Rock, Our House, and Arkansas Business