MDD okays new software for ‘analysis’
Rockdale’s Municipal Development District (MDD) okayed purchase of a new software program Thursday that should forecast the economic impact of businesses interested in locating to Rockdale.
In fact, the impact analysis software—purchased at $5,000 per year from Impact Data Source of Austin—has already been “tested” on a plastics firm which came to Rockdale over the summer.
Kara Clore, MDD manager, said Oncor paid for an analysis of P3 Dynamics, a plastics machine shop and compression molder of high performance plastics.
That analysis forecasts the firm will bring 60 jobs to Rockdale over the next 10 years and add $1.225-million to city tax rolls over that period.
PLASTICS—In fact, Clore said, plastics continue to be a growing area of the city’s economy, sparked by the well-established GFL Americas, located near the intersection of US 77 and US 79.
“ There are two other plastics firms currently looking at Rockdale,” Clore said.
In June, the MDD awarded P3 Dynamics $15,000 in startup funds and the business began operation.
“The analysis shows the cost of the incentive will be recovered in 2.4 years,” Clore said.
The impact analysis also predicts that over a 10-year period P3 Dynamics will create $17,171,394 in salaries for direct and indirect workers and create $3,046,657 in taxable sales and purchases within the city.
“The software that was purchased Thursday also predicts economic impact for the county and Rockdale ISD,” Clore said.
The detailed analysis also factors in costs for those entities, including the complex state funding formula for schools.
In other business Thursday, the board:
• Heard Clore report the MDD had gone paperless with the purchase of tablets.
• Took no action after an executive session at which negotiations for a property purchase were continued.