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National Western Citizens Advisory Committee
June 29, 2017
National Western Citizens Advisory Committee June 29, 2017 G E S - - PowerPoint PPT Presentation
National Western Citizens Advisory Committee June 29, 2017 G E S - - PowerPoint PPT Presentation
National Western Citizens Advisory Committee June 29, 2017 G E S N E I G H B O R H O O D P L A N S Unique GES Neighborhood Healthy Strong Guiding Principles Connected 3 T H E N W C G U I D I N G P R I N C I P L E S Community &
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G E S N E I G H B O R H O O D P L A N S
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GES Neighborhood Guiding Principles
Unique Strong Connected Healthy
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T H E N W C G U I D I N G P R I N C I P L E S
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NWC Vision
Community & Neighborhood Integration Engage River and Nature Celebrate Western Heritage Inspire Health and Wellness Be Pioneering: Break Trail and Foster Innovation Grow Local, Regional, & Global Intelligence Create Fun & Entertaining Experiences Embrace an Ethic of Regeneration Build Cultural Crossroads
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O U R S H A R E D V I S I O N
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Be the global destination for agricultural heritage and innovation
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O U R S H A R E D M I S S I O N
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Convene the world at the National Western Center to lead, inspire, create, educate, and entertain in pursuit of global food solutions
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T H E N W C G U I D I N G P R I N C I P L E S
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NWC Vision
Community & Neighborhood Integration Engage River and Nature Celebrate Western Heritage Inspire Health and Wellness Be Pioneering: Break Trail and Foster Innovation Grow Local, Regional, & Global Intelligence Create Fun & Entertaining Experiences Embrace an Ethic of Regeneration Build Cultural Crossroads
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C O M M U N I T Y I N V E S T M E N T F U N D ( C I F )
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- CIF concept framework
- Organizational structural change: dedicated
Economic Mobility Director
- Establishing language for governance
authority based upon best practices
- Potential Benefits
- Overview of “Round Up” Organizations
- Comparable frameworks for CIFs
- Big Questions and Process Moving Forward
C I F C O N C E P T
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Bottom-up approach Empowering a community-driven process and community-based leadership structure Direct community impact for both projects and programming, creating long-term flexibility/adaptability as community needs and/or interests change Public accountability as to how and when the funds are spent to meet IRS requirements A (binding) commitment to supporting the local communities
C I F B E N E F I T S
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- 501(c)3: mission-driven
Relevant examples:
- Boys & Girls Clubs of
America and Taco Bell Foundation
- Firehouse Subs Public
Safety Foundation
- Goodwill Foundation
R O U N D U P P R O G R A M E X A M P L E S
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- Established in 2013
- Budget: $1.6M
- Partners: Informal contract
between council and residents to reach The Deal for the Future 2020 (a government initiative targeting social problems)
- Approach: 3 models for
application (Different time commitment and amounts)
C I F A P P R O A C H E X A M P L E # 1
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Wigan Borough, UK – The Deal for Communities Investment Fund
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- Established in 2010
- Budget: $1.7M
- Partners: Two Indiana state offices:
Community and Rural Affairs, Tourism Development (State offices also provided in-house staffing)
- Approach: CIFI is a nonprofit
Community Development Financial Institution (CDFI) serving underserved communities in Indiana through a matching grant and loan program
C I F A P P R O A C H E X A M P L E # 2
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Indianapolis, IN – Community Investment Fund of Indiana (CIFI))
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- Established in 2008
- Budget $2.5M
- Partners: Collaborative network
- f 600 members (membership
without dues)
- Approach: Community access to
flexible capital to support services and support development under a targeted
- mission. Proposals are brokered
by a local foundation so as not to create a new organization that competed with existing community groups for resources.
C I F A P P R O A C H E X A M P L E # 3
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PV (Pioneer Valley, MA) Grows Community Capital Fund
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The funding for NWC’s CIF will be determined by the amount of campus activity, which will be phased in over time as the campus is build out.
- Example:
- Scenario:
- 680K visitors over 16 days for one event
- Visitors purchasing food and beverage will be invited to participate
in a “Community Round Up” of their bill.
- “Your total is $15.66. Would you like to round up to $16.00 to help support the surrounding
neighborhoods through a Community Investment Fund?”
- Assumption:
- Assume 25% of visitors opt in to participate in a “Round Up”
- Average donation in round up is $0.34/participant
- Approximate amount generated is $58K for NWSS show
W H E R E A R E T H E F U N D S C O M I N G F R O M ?
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Funds raised by the CIF would be utilized at the discretion of the GES community. Examples of successful CIF projects delivered internationally:
- Laptops for schools
- Community land trust
- Public wifi in parks
- Public safety cameras
- Community gardens
- Electronic arrival time signs for bus routes
- Park renovations
- Water bottle refill stations
- Job skills training
C I F O P P O RT U N I T I E S
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Phase 1: Program Development
- Authority will act as the fiscal agent due to its fiduciary
responsibility in collecting and promoting the CIF and will distribute, alongside the community, funds collected to Globeville, Elyria, and Swansea neighborhoods. Early questions may include: Who’s contributing to the fund? How is this money distributed? How do we ensure the community benefits from this fund? How will this fund operate? How fast will this be implemented?ented?
Phase 2: Education and Outreach Phase 3: Implementation
C I F P R O C E S S D E V E L O P M E N T
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C I F N E X T S T E P S
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June 2017 July 2017 August 2017
June 29th (Tonight) Share draft concept language for the proposed CIF within the NWC Framework Agreement to CAC July 17th Email comments/feedback to Will Chan at william.chan@denvergov.
- rg on or before July 17
July 27 Stakeholder briefings begin after July 27 Stakeholder briefings continue
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