Keyser Marston Associates, as a member of a team led by Economic Forensics & Analytics and under contract to the County of Solano’s Economic Development Corporation, prepared sections of the Moving Solano Forward II plan relating to infrastructure finance.
The goal of Moving Solano Forward II was to produce a fact-based, market-disciplined and rigorous market analysis which led to strategies tailored to the specific assets and opportunities for economic growth in Solano County.
KMA identified Federal, State and local funding sources potentially available to fund infrastructure improvements that would be necessary to induce private sector investment in catalyst sites. The funding sources and financing tools were evaluated relative to their purpose, process of adoption and implementation, and capacity to fund various public facilities and private development projects.
The funding mechanisms were organized under four broad categories:
- Special assessment and special tax districts
- Tax increment financing
- Developer funding, financing, and incentives
- Federal and state programs
KMA subsequently worked with the seven jurisdictions (Vallejo, Benicia, Dixon, Rio Vista, Vacaville, Fairfield and Suisan) to identify catalyst sites, undertake preliminary evaluation of the financial capacity to fund each site’s needed infrastructure improvements and formulate preliminary funding strategies.