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Economic Development 380 Agreement Monitoring Program Audit Report A201806Issued by the Internal Audit Office June 26, 2018City of El Paso Internal Audit Office Economic Development 380 Agreement

How to fill out economic development 380 agreement

How to fill out economic development 380 agreement

1. Here is a step by step guide on how to fill out an economic development 380 agreement:
2. Obtain a copy of the economic development 380 agreement form from the relevant authority or organization.
3. Read the instructions provided on the form carefully to understand the requirements and any specific documentation or information needed.
4. Fill out the basic information section, including the name of the applicant, address, contact details, and any organization or company details if applicable.
5. Provide details about the proposed economic development project or activity for which the agreement is being sought. This may include a description of the project, its objectives, expected outcomes, and any anticipated benefits for the community or region.
6. Specify the financial or tax incentives being requested or offered as part of the agreement. This could include tax abatements, grants, loans, or any other form of financial assistance.
7. Include any additional information or supporting documentation required, such as project plans, budgets, market analysis, or environmental impact assessments.
8. Review the completed form to ensure all information is accurate and complete.
9. Sign and date the form, and if required, have it counter-signed by any other relevant parties.
10. Submit the completed form along with any supporting documents to the designated authority or organization as instructed.
11. Keep a copy of the filled-out agreement for your records.

Who needs economic development 380 agreement?

1. Economic development 380 agreement is typically needed by individuals, organizations, or companies that are planning to undertake economic development projects or activities.
2. This may include businesses seeking financial incentives or tax benefits for setting up or expanding operations in a specific region, local governments or municipalities aiming to attract investment and create jobs, or non-profit organizations working on community development initiatives.
3. The agreement helps establish a formal understanding between the applicant and the relevant authority or organization, outlining the terms, conditions, and benefits associated with the proposed economic development project.

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What is economic development 380 agreement?

An Economic Development 380 Agreement is a legal contract between a municipality and a business that outlines terms for economic incentives provided to the business in exchange for certain benefits, such as job creation or investment.

Who is required to file economic development 380 agreement?

Typically, businesses seeking economic incentives from local governments are required to file an Economic Development 380 Agreement.

How to fill out economic development 380 agreement?

To fill out an Economic Development 380 Agreement, businesses need to provide detailed information regarding their operations, the nature of the incentives being requested, financial projections, and the anticipated economic impact on the community.

What is the purpose of economic development 380 agreement?

The purpose of an Economic Development 380 Agreement is to encourage economic growth within a municipality by providing financial incentives to businesses that contribute to job creation and community development.

What information must be reported on economic development 380 agreement?

The information that must be reported includes company details, description of the proposed project, expected job creation numbers, investment amounts, and any other conditions for receiving incentives.