Establishing 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.

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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