Economic Development Benefits definition

Economic Development Benefits means local economic impacts (such as increased property values, number of jobs created, etc.), particularly regarding hard-to-reach and disadvantaged communities, associated with the Local Government Partnership program.
Sample 1Sample 2Sample 3
Economic Development Benefits. Local economic impacts (such as increased property values, number of jobs created, etc.), particularly regarding hard-to-reach and disadvantaged communities, associated with the Local Government Partnership program. Energy Efficiency (“EE”): Activities or programs that stimulate customers to reduce customer energy use by making investments in more efficient equipment or controls that reduce energy use while maintaining a comparable level of service as perceived by the customer. Energy Insight (“EI”): PG&E’s customized Customer Relationship Manager (“CRM”) platform used for documentation of energy efficiency projects, documenting customer interactions and workflow for customer service resolution. Evaluation, Measurement and Verification (“EM&V”): Activities that evaluate, monitor, measure and verify performance or other aspects of EE programs or their market environment. Hard-To-Reach (“HTR”): In D.00-00-000, the Commission defined the following set of criteria to identify residential and small business that would be considered HTR. Residential HTR Criteria: Residential customers who do not have easy access to program information and/or generally do not participate in EE programs due to a geographic, language, income, housing type, and/or home ownership (split incentives) barrier. These barriers are defined as: • Geographic – Customer’s home is located in areas other than the San Francisco Bay Area, San Diego area, Greater Los Angeles Area (Los Angeles, Orange, San Bernardino, Riverside and Ventura counties) or Sacramento, or is located in a DAC (as designated by CalEPA), and/or • Language – Primary language spoken is other than English, and/or • Income – Those customers who qualify for the California Alternative Rates for Energy (“CARE”) or the Family Electric Rate Assistance Program (“FERA”), and/or • Housing Type – Multifamily and Mobile Home Tenants (rent or lease), and/or • Home Ownership – Renters (split incentives barrier). When classifying a residential customer as HTR, if the geographic criterion is met, only one additional criterion is required to consider the customer as HTR. If the geographic criterion is not met, then a total of three criteria must be met to be consider the customer as HTR.
Sample 1Sample 2Sample 3

Examples of Economic Development Benefits in a sentence

  • Inst., Seeds of Opportunity: How Rural America Is Reaping Economic Development Benefits from the Growth of Renewables 6–16 (2021), available at https://perma.cc/DWH9-D4L7.

  • Current Need to Lay the Foundation to Attract, Support, and Sustain Growth of Maine's Renewable Ocean Energy Businesses to Optimize Economic Development Benefits to Maine People Promotion and support for growth and expansion of Maine’s renewable ocean energy business cluster and related quality jobs are integral to positioning the State to take advantage of current and anticipated opportunities in Maine and the Northeast region.

  • Economic Development Benefits – Enter the savings to Pennsylvania consumers and the value of contracts with Pennsylvania companies.

  • State Policy Toolkit: Guidance on Measuring the Economic Development Benefits of Energy Efficiency.

  • A completed application must include a letter from the governmental economic development agency negotiating the package confirming conveyance of a Comprehensive Package of Economic Development Benefits to the applicant and recommending acceptance for Rider J service.

  • The risks to the four accounts should also be considered; the four accounts are: National Economic Development Benefits (NED), Regional Economic Development (RED), Environmental Quality (EQ), and Other Social Effects (OSE).

  • National Grid AMF Proposal: Sensitivities on Economic Development Benefits Source: Reproduced from National Grid, AMF Business Case, General Preview, slide deck presented to the Rhode Island Public Utility Commission Technical Session, September 24, 2020.

  • New Zealand Transport Agency (2009) Economic Development Benefits of Transport Investments.

  • Increasing the Economic Development Benefits of Higher Education in Michigan.

  • The American Council for an Energy-Efficient Economy’s (ACEEE) 2019 State Policy Toolkit: Guidance on Measuring the Economic Development Benefits of Energy Efficiency warns of the potential of double-counting.ACEEE makes an important distinction in the lifecycle of efficiency programs between the implementation or construction phase and the savings phase.

Related to Economic Development Benefits

  • Economic Development Property means those items of real and tangible personal property of the Project which are eligible for inclusion as economic development property under the FILOT Act and this Fee Agreement, and selected and identified by the Company or any Sponsor Affiliate in its annual filing of a SCDOR PT-300S or comparable form with the Department (as such filing may be amended from time to time) for each year within the Investment Period.

  • Development Plan has the meaning set forth in Section 3.2.

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.