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056 <br /> In seeking models to guide the county in setting aside <br /> land for economic development, we would consider household- <br /> generated service and retail businesses separately from <br /> "base employment. " For the former, we will look for <br /> formulas that can translate the findings from "a" above into <br /> acres. It is less meaningful to project base employment as <br /> a +unction of residential development, but we can provide <br /> average ratios between acres of manufacturing and other <br /> "base employment" ) and population. We can also use formulas <br /> that estimate jobs per acre for different kinds of business <br /> and industry, to predict how much land would be required for <br /> the various economic development scenarios to be identified <br /> above in the Definition section. <br /> 3c. Estimate the effect of economic development_ on__ <br /> county revenue <br /> By contributing to the county ' s property tax and sales <br /> tax revenue, business and industry can help offset the <br /> public cost of residential development. However, business <br /> development also incurs costs to the county in increased <br /> demand for public services and infrastructure. Some types <br /> of business and industry generate more tax revenue than <br /> others, and some incur more costs than others. Estimates <br /> of expected benefits from economic development should be <br /> readily available; estimates of projected costs may be <br /> harder to find. We will review the research in this area to <br /> seek guidelines for calculating the cost and benefit to the <br /> county of various types of business and industry. <br /> 3d. How far from residential areas should businesses <br /> be located? <br /> The question of where businesses should be located in <br /> order to protect the residential environment is an issue <br /> that depends heavily on the county 's goals and values on <br /> what sort of residential environment is desired in different <br /> parts of the county. However, we will seek relevant rules <br /> of thumb from the planning literature. <br /> QUESTION 4: ASSESS DATA NECEESSARY TO UTILIZE <br /> FORMULAS AND MODELS <br /> After assembling suggested formulas and models in #3 <br /> above, we will determine the specific data needed to utilize <br /> the formulas, <br />