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• Economic Diversification: Broadening the industry base beyond traditional _ <br /> sectors (e.g. government, agriculture)to include technology, innovation, <br /> and knowledge industries. <br /> Creation of Living-Wage Jobs: Fostering new jobs that pay sustainable, <br /> competitive wages. - <br /> • Enhanced Tax Revenues: Growing the local tax base(sales, property, <br /> lodging taxes)through business and visitor activity. - <br /> • Stronger Partnerships & Innovation: Building private-sector partnerships, <br /> talent pipelines for students, and increasing research commercialization <br /> (patents and licensing). <br /> A4- <br /> Old Heat CERB Feasibility Study 59 <br />