La Junta council to consider economic development board proposal
The proposed seven- to nine-member board would advise on business growth, incentives and recruitment if the council approves the ordinance on a later reading.
La Junta City Council is scheduled to consider on Sept. 21 an ordinance creating a proposed Economic Development Board to advise on business growth, incentives and recruitment. The council has not yet approved the board.
The council agenda lists Ordinance 1704 for first reading. If the council later approves the ordinance and it takes effect, the board would have seven to nine members appointed by the council. Members would represent finance, education, local business, health care, real estate, the Industrial Park and the broader community. Elected city officials could not serve as directors.
The board, formerly known as La Junta Capital Inc., would promote economic growth by helping retain and expand businesses, supporting entrepreneurs, recruiting businesses and helping companies navigate city development processes, according to the proposed ordinance and its Exhibit A. It also would collect economic data, build regional and state networks and measure business retention, expansions and grants obtained.
The proposed board would operate under the city manager’s oversight. Its directors would elect officers annually, serve three-year terms and be required to disclose conflicts and avoid voting on conflicted matters.
The proposal would allow the board to help administer business-incentive programs, contract for professional services, develop or expand industrial facilities and raise or borrow money. It includes no appropriation, funding formula or budget amount, and says the city would not be obligated to pay or guarantee the board’s obligations.
The agenda materials do not specify a date for a later reading. The board would not be created unless the council gives the ordinance final approval and it takes effect.