WHEREAS, It is the responsibility of the Council of the City of Philadelphia to ensure that public investments provide maximal public benefit to the citizens and taxpayers of Philadelphia; and
WHEREAS, Billions of public dollars have been invested in economic development projects under the auspices of the Economic Stimulus Program without maximal public benefit; and
WHEREAS, This Council continues to review legislative packages to invest public dollars in economic development projects; and
WHEREAS, The public benefits of continued economic viability and competitiveness for the City stem from strengthening, and providing opportunities within, all areas and all demographic groups in the City; and
WHEREAS, The role of public investment should be to provide economic opportunities to all segments of the Philadelphia community; now therefore
BE IT RESOLVED, THAT THE COUNCIL OF THE CITY OF PHILADELPHIA, Hereby establishes public benefit criteria, for economic development projects with a public investment of more than one million dollars, requiring a percentage of jobs for Philadelphia residents, welfare-to-work opportunities, and an affirmative action plan consistent with the City's affirmative action policies.
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