| What: Our Services |
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Orasi Development offers a wide range of services related to economic and community development. From single, specialized projects, to multi-faceted campaigns, to ongoing guidance and implementation... Orasi Development offers its clients the ability to choose the right services for their situation. Orasi Development's primary services include:
Through these services, Orasi Development is instrumental in creating and promoting a business environment for its clients, and assists in acquiring secure and sustainable prosperity.
Comprehensive Operations Assistance
Through Orasi Development's Comprehensive Operations Assistance (C.O.A.) services, clients receive the continual support of the firm in both the creation and the implementation of strategy. In essence, Orasi Development provides the strength of an in-house Economic Development Department at a dramatically reduced cost. Our C.O.A Services ensure that clients are not simply receiving a list of recommendations, but an experienced partner in executing an economic development strategy. Through our C.O.A. Services, Orasi will assist clients in recruiting new businesses, serve as the primary point of contact between communities and developers, and advise clients on issues of strategy and policy. Orasi Development will meet with clients on a regular basis, can attend certain meetings or events of particular significance, and can represent clients at conferences or negotiations. For municipalities or organizations looking to expand their economic development activities while reducing overhead, Orasi Development's Comprehensive Operations Assistance is a tremendous value.
Retail Site Analysis Orasi Development's Retail Site Analysis provides clients sophisticated demographic research for a particular site as a way to assess current and projected market demand as well as identify prospective retailers. Using a proprietary model, Orasi Development conducts a full evaluation of consumer spending in all retail categories for a trade area. Enhanced by our fieldwork, this model indicates where consumer demand is either not met or is satisfied by existing retail in the trade area. Not only can we determine what retail categories are appropriate for a particular trade area, we can also suggest which retailers may be a good fit. And while other firms may be content to simply profile your site from afar, Orasi Development will visit the location personally in order to determine any obscure or intangible factors that may influence the site. For communities and for developers, a full, detailed Retail Site Analysis can be an invaluable tool to determine the best strategy for a particular location. Orasi Development serves as a strong resource for its clients not only in pinpointing a site's potential for retail, but also in assisting clients match the location with specific businesses.
Tax Increment Financing Tax Increment Financing (TIF), known also as Tax Increment Reinvestment Zones (TIRZ), is an increasingly popular financing tool used by municipalities throughout the nation to fund necessary infrastructure and structural improvements within a defined area. TIFs have been used for community improvement projects for over fifty years, and today 49 states have issued legislation enabling municipalities to utilize TIFs. TIFs work by freezing the current tax assessment for a defined district at its present level. As properties within the district increase in value, the additional tax increment over and above the base amount is reinvested in the TIF District as a way to pay for infrastructural improvements in that district. Orasi Development can assist communities and businesses in the creation of a TIF and will also recommend specific projects that the TIF might finance. From determining the district's boundaries to creating the project plan, Orasi Development handles every step of the process so that clients can focus on their organizations.
Public Improvement Districts Cities and counties often need to make certain improvements to their infrastructure to facilitate economic growth within a specific area. Likewise, businesses are keenly aware of the direct impact that an area's infrastructure or attractiveness can have on sales. Public Improvement Districts (PIDs) are a financial mechanism that allow property owners within a designated area (the district) to petition the city to collect and appropriate a specific annual assessment (based on the value of the property) to be used for public improvements within that district.
Orasi Development can assist communities and businesses in the creation of a PID and will also identify specific projects that the PID might finance. Orasi Development guides clients through the process behind the creation of a PID, and puts together all of the necessary documents and materials. Additionally, Orasi may conduct necessary workshops, assist in strategy identification and initial implementation, and, if desired, can be secured to guide certain aspects of the PID's operations after creation.
Financial Incentive Packages Financial incentives have remained among the most widely used tools for economic development throughout the nation. Unfortunately, many communities and businesses have learned the hard way that, if poorly designed, they can quickly turn a dream deal into a nightmare. Orasi Development works with communities to structure incentive policies that promote a win-win outcome for citizens and businesses. Whether it be tax abatements, improvement grants, or small business loans, Orasi Development helps communities structure the policies they need to attract the type of growth they want. Financial Incentives can be just as complex for businesses looking to expand in a certain area. Orasi Development works with private firms to determine the best approach to a given project, and helps businesses and developers navigate complex agreements. Orasi can represent your firm to government officials, will identify any challenges that may exist, and, if possible, will help secure the most appropriate package for your project.
Strategic Plans Orasi Development has the resources and experience to help clients devise a sound and detailed strategy for the advancement of their community. After identifying a client's strengths and weaknesses, Orasi Development works with clients to craft a vision of where they want to take their community, and then formulates a strategic plan to achieve that vision. Combining advanced demographic, retail, and economic analysis with on-the-ground site evaluation and hard-won experience, Orasi Development can be an invaluable partner in strategic planning for economic development. From goal setting, to project financing, to branding and promotion, Orasi Development takes a holistic approach to any strategic plan, whether it is for a single project or an entire city. Too many communities are left behind by pursuing poorly conceived agendas or by chasing the latest fad. Orasi Development can help you develop a strategy is most appropriate for your needs and objectives.
Economic Base Analysis Accurate and insightful information is key to developing an effective economic development strategy. Orasi Development's Economic Base Analysis has been designed to provide clients an in-depth look at the local economy, providing a systematic breakdown of the local and regional industrial base, comparative growth analysis, and a review of occupational trends, strengths, and weaknesses. Orasi Development utilizes the data produced in the study to evaluate the local economic and industrial trends that may be affecting a particular location. From this, Orasi Development can help determine which industries are emerging, which are declining, how this compares to regional, state, and national trends, and how to adapt an economic development strategy to address weaknesses and capitalize on opportunities. Orasi Development's Economic Base Analysis is an invaluable tool for communities wishing to better understand, grow, or diversify their local economic base, and for businesses wanting a more complete assessment of a particular market, existing competition, and emerging opportunities.
Economic Impact Analysis Orasi Development's Economic Impact Analysis provides critical information to communities, businesses, developers, and non-profits on the effect that a particular event, business, or development has or will have on the local economy. Economic Impact Analysis provides a look at the economic ripple effect produced by various activities. Orasi Development works with clients to better understand the role that a given development or business plays within the local economy, so that clients can better illustrate the impact that is being created. Orasi Development works with clients to determine the purpose of their Economic Impact Study and tailors it to clearly illustrate the findings in that context. Communities will find that an Economic Impact Study provides great insight into the local economy and can help in the evaluation process of incentive negotiations. Businesses and developers quickly discover that an independent study on the economic impact that their project will have can serve as a tremendous asset to their endeavor.
Marketing and PR Campaigns
Websites A 21st Century Economy demands a 21st Century approach to Economic Development. A great website can be an excellent tool for communities wishing to:
Private firms may also find that a stand-alone website oriented around economic development can be an invaluable tool for presenting the positive economic impact that is being created by their activities. Orasi Development has the resources to build high quality websites tailored specifically to meet the needs and objectives of our clients. From design to launch, Orasi handles every step of the process and ensures that clients are getting the most out of their website.
Custom Projects Not every need fits the mold. Orasi Development can work with clients on custom projects designed to address specific needs and objectives. If your organization has a unique request related to economic development, Orasi Development may be the answer. With the field of economic development changing so rapidly, it is much more usual to see the unusual. Orasi Development works one-on-one with clients to find ways to apply its expertise in economic development and to provide assistance on unique projects. Contact our offices to discuss your project needs and to see what role Orasi Development can serve. |
