Project goal/objective: A municipality (or its related economic development entity) commonly uses a number of tax incentives in order to encourage a project, building, etc. to be developed within its municipal boundaries. The economic development incentives proposed to a developer/company can widely vary from project to project including ten-year property tax abatements; creation of tax increment revenue (TIF) districts to repay debt service; and/or other tax-related incentives tied to the intended project outcomes. While a small number of individuals are involved (or aware of) these conversations, many local tax-paying citizens are left out of this process entirely. By searching for a solution that would enable more proactive and healthy conversations amongst elected officials, project stakeholders, and tax-paying citizens, we would hope to increase overall citizen engagement by allowing access to a software platform comprised of various "project ROI/taxpayer return" metrics.
The goal of this software platform would allow for additional transparency specifically aimed at a municipality's respective citizens, stakeholders, and investors during various stages within any given economic development project. Ideally, the software platform would allow for any developer to create and share their own "government transparency" tool/model/add-in with other members of this transparency platform community.
~Weeks 1-2: Provide general resources, economic development project examples, and example case studies to students. Allow time for students to analyze these processes and set up time(s) for any Q&A they may have before moving forward.
~Weeks 3-8: Group will examine at what stage of a typical economic development construction process (pre-, during, or post-construction) would be best to focus their time on for the remainder of the semester. The host company (Bondry) will gladly make regular time for feedback in order to ensure the team is moving in right direction.
~Weeks 8-End of Capstone: Group will now be choosing what existing tech app/platform would be best to host this solution (i.e. Tableau, OpenGov, Excel, etc.) while also developing various predictive, statistical, and analytical models they feel would create the most immediate benefit (and transparency) for the average tax-paying citizen.
Our mission is to build a special bond with our clients by practicing honesty and integrity in fulfilling our responsibilities.
Diversity is the key to our mission. We are proud to represent different cultures and backgrounds that have influenced our ways of thinking. Each team member can critically analyze situations from different perspectives in order to assess our client’s needs and best interest. We will work hard to become a trusted extension of your team. The foundation of our company is built on creating a unique bond with you and your team. Our purpose and motivation lie within the best interest of our clients.
We promise to carry out the following duties to the best of our abilities for each and every client: duty of care, duty of loyalty, duty of prudence, duty of good faith, duty of confidentiality, and duty of disclosure.
As a licensed municipal advisory and management consulting firm, Bondry focuses its business model on a wide range of public finance-related entities, specificially within the following areas of industry expertise:
- Financial Strategy
- Proficiency Mastery
- Policy Auditing & Preparation
- Strategic Management Practices
- Five-Year Scope Capital Project & Asset Planning
Course Info & Engagement Details
There are currently no students assigned.
Key Milestones & Project Process