define AAA tenant
define abatement:
... a reduction or decrease in the amount,
degree, intensity or worth. A tax abatements is an
example of an incentive offer that might be made to an
economic
development prospect.
absorption rate:
... measure or estimate of how much real estate
in a defined area is taken in to a projected or intended
use within a specified time-period, usually a year. Business
Dictionary.com uses the term to provide a definition
of recovery rate. The definition of absorption as it relates
to real estate is defined in the Business
Dictionary of Answers.com.
AC:
... initials that on the one hand may stand for Area
Code when used with contact
data listings on .network webpages.
AC stands for Air Conditioning also.
acre ... Site Location Assistance
website has real
estate measurement conversions.
accreditation:
... recognition that qualifying
standards have been met. The International
Economic Development Council, for example, may recognize
a local
development agency after it has certain standards.
Likewise, the association provides credentials to its members
as economic
developers. For more information about accreditation
in the fields of enterprise
development and site
selection as well as economic development, CLICK
HERE.
accretion:
... the gradual and imperceptible addition of
land by alluvial deposits of soil through natural causes,
such as a shoreline change caused by water movement.
acquisition:
... the act of gaining control or ownership
of all or part of an enterprise; a
means for accomplishing business
enlargement; the
act of obtaining a real estate site, property, supplies
or
services by purchase or lease (real estate acquisition,
site
acquisition or property acquisition).A greenfield real
estate purchase may be referred to as a site acquisition. The
Financial Dictionary of The
Free Dictionary.com has a definition
of acquisition.
actuary:
... someone who calculates values of life interests,
pension plans, and annuities.
adjusted basis:
... original cost minus certain deductions, plus
certain improvement costs
ad valorem:
... based on value (Latin) method of
assessing and taxing property: ad
valorem tax.
agreement in principle:
... a stage of negotiating or making a deal.
An AIP is generally a pre-legal commitments by all parties
to a negotiation that, although considered firm, is conditional
on, say, approvals by regulatory authorities.
AEDC:
... initials used to identify an EDO (economic
development organization), such as the Adirondack
Economic Development Corporation, Saranac Lake, NY,
or the Atikokan Economic Development Corporation,
Atikokan, ON. The initials also stood at one time for for American
Economic Development Council which was renamed from
the American Industrial Development Council in 1980.
AIDC was founded in 1930 under US Chamber of Commerce
sponsorship.
ADO:
... Area Development Organization,
an EDO that
is an area development agency.
affidavit:
... a legally authorized written statement made
under oath, a sworn statement.
affiliate:
... a working relationship having a
degree of control one over another
or by a third party which may include sharing management,
ownership, facilities,
or equipment as well as cooperating in marketing and sales
or exchanging information or personnel see .network affiliations.
affordable housing:
... a calculation of the average cost of single
family residences as measured against the average income
of potential buyers or renters. As a rule of thumb the
cost of a residence for a buyer should be no more than
three times annual household income.
after-tax:
... income adjusted for the effect that taxes
due or paid have upon it'd.
agency:
... an organization authorized as a representativesee area
development agency. Agent usually refers to
an individual but can mean an organizationsee real
estate agent
air rights:
... the right to use the open space or clear
vertical plane above a property.
aleatory contract:
... a binding agreement that depends upon a contingency
or uncertain event.
ally:
... a supporter as a stakeholder but not an affiliate. A stakeholder is affected by what goes on with an aim towards
benefiting from it but is not managed or controlled, only
influenced. Relationships are often touted as
partnerships in economic
development circles when allies
working together want to be noticed. Networking to
get things done is so basic to economic development that
building and maintaining ally
networks is an absolutely
essential task.
allodial system:
... a system allowing free and full ownership
of land with all rights pertaining to it by individuals.
US real property law is based on an allodial system as
opposed to a feudal system, wherein ownership of rights
in land are vested in a sovereign.
alternative workweek:
... a substrate chosen to replace what is established
as the accepted schedule of hours and/or days that the
majority of workers
and employers
adhere to in a location.
ambient:
... the immediately surrounding area. Ambient
temperature is air temperature measured in extremes and
averaged in an immediately surrounding area for a specified
time, such as a hot month or cold month. When selecting
a site for an industrial operation that the public will
suspect is an air polluter, whether true or not, the assumption
can be made at the outset that locations with frequent
temperature inversions should not be considered. Temperature
inversions are atmospheric conditions in which air temperatures
increase vertically upward thorough layers as reversals
of normal conditions. Locations in which they occur are
more likely to experience air quality problems.
amenity:
... a tangible/intangible feature that enhances
and adds to value or perceived value.
amortize:
... the act of reducing a debt through installments.
Amortization is the reduction of a financial obligation
by making payments against the principal balance in installments
or regular
transfers in order to to write off the cost of an asset
over a period of time in a statement of accounts.
anchor:
... a buyer or lessee strategically located in
a real estate development or property in order to enhance,
bring attention to or increase traffic, for
example a retail development's anchor tenant.
ancillary labor:
... workers not actually in a labor
market such
as retirees, separating military personnel, students or
spouses that have no record of seeking a job in a market
under analysis labor, a classification of auxiliary workers
counted in a labor pool for their potential as workers.
Labor pools containing potential supplemental workers are
sometimes referred to as ancillary labor pools.
angel investor:
... an individual not classified as a speculator but
who nevertheless commits money to something without the
normal expectation of financial
return
and
who has less concerned for risk;
a term used to describe those who provide financial support
for non-profit entrepreneurial startups, business incubators,
innovative enterprise development and the like.
annex:
... the act of joining or adding one property,
area or thing to another; annexation.
annuity:
... a contract that creates
an asset which, when called upon (annuitized) as agreed,
pays a constant amount for a fixed period of time or for
a lifetime to its named depositor. It's best know use is
for building retirement income. To annuitize
is to begin withdrawal. The length of the interval
that the contract establishes between payments is called
an annuity period.
ANSI:
... initials used to identify the American
National Standards Institute (www.ansi.org)
antitrust law:
... a means of regulating monopolies and preserving
business competition. Laws in the USA view economic
competition as a condition in which fair prices can be
determined through market forces without the interference
from interests that would control them for private gain.
Lawsuits brought against alleged violators of antitrust
laws are called antitrust suits.
apples to apples:
... an expression that indicates a valid comparisonsee comparative
analysis.
apples to oranges
... an expression that indicates that a comparison
is not validsee
apples to apples.
appraisal:
... an estimate of value. Real estate
appraisers need experience and acceptable credentials before
attempting to estimates the
worth or value of property, i.e., to produce a useful appraised
value (see below). Taxing authorities use appraisers to
help levy ad
valorem taxes. There are three approaches to
making real estate appraisals: Estimate value based on
... (1)
cost;
(2) sales
comparison or (3) income
capitalization. Suggestions for keyword
combinations to use to search the Web for more information about
real estate apprising are in the .network resource
archive. Use
the Google/.network search
engine.
appraised value:
... an opinion of what something, such
as real estate, is worth or what its price should be based
on the assumption that it is for sale. A real estate appraiser,
hopefully qualified by knowledge and experience, typically
does the work for taxing
authorities. Scroll up to the definition of appraisal
for links to comments about three approaches to forming
opinions on the value of real estate and other property
offered for sale or held in inventory.
arbitrage:
... an attempt to profit by price
differential exploitationmore from
InvestorWords.com.
area:
... as in a demarcated region or geographic
area which
is defined here as having locations or
being one. Such an area may be a small community and
outlying
real
estate considered to be contiguous. An area may
be a region within
a country or one made up of several countries. All of these
examples of types of areas may be geographies
of the site
selection process, in which case, members
of the target
audience of The Network define them.
area developer / area development ... definitions in
economic development.net
area development agency:
... an ADO; authorized representative
for a number of places seeking
economic
development.
area development directory:
... a list of resource
and service providers,
with contact
data, engaged in enterprise
and economic development in a defined geographic
area; an economic
development directory, for
example, Economic Development.net has an area
development section. Its area is global.
area development resource guide:
... an area development directory that
has information about resources and services available
in addition contact
data, for example, the Global
Registry of Contacts. Its a global guide to resource
and service providers that is used to deliver
on the search promise of The Network. Those who
are engaged in enterprise
and economic development are
offered to opportunity
of having a record in the GRC for free. To
apply for or update a record in the GRC one is requested to provide
information about services and service area.
arm's length:
... a transaction during which the parties deal
from equal bargaining positions and stand upon the strict
letter of the law or act in a formal manner on all exchanges.
assessment:
... an official valuation of real property for
tax purposes. It's generally based on an appraisal.
assessment ratio:
... the relative assessed value of a property
to what it might bring if offered for sale as used to establish
taxabilityan
ad valorem tax burden
which is a capital amount calculated for collection by
a taxing
authority. Answers.com has more
information about assessment ratio. Also, see appraised
value (real estate) in Site Location Assistance.com.
define asset
define asset manager ... as in real
estate asset manager
define association
... as in membership
organization or special interest group
define assumptions:
... specifications tentatively stated with a
plan or at the beginning of a project so that they can
be challenged; matches for a set of site selection criteria
or project justifications that are to be challenged in
support of the decision making process. See, for example,
the assumption under ambient as
if it were applicable to a specific location under consideration.
Assumptions must eventually be proved to be true or capital
invested in expansion, relocation or startup projects is
at risk
define at risk
... a condition that signals the possibility
of loss. See the definitions of risk
analysis and risk
management, two things that enterprise
developers must do to avoid having at-risk companies on their hands. More
information about risk in Site Location Assistance.com.
attraction
... a responsibility that economic
developers have when representing locations;
i.e., they work at developing prospects.
The responsibility stems from a principle stating:
(The) the entire set of approaches to (the
practice) may be considered a specialized form
of marketing. Attraction is also a tourism term;
e.g., IAAPA is an acronym for the International
Association of Amusement Parks and Attractions,
a trade association that is important
to tourism as economic developmentSee
the resource paper: Tourism
as Economic Development: A Brief Guide for Communities
and Enterprise Developers.
attractiveness of the area:
... AKA attractiveness of the region,
attractiveness of the location, attractiveness
of the community, all expressions used
to promote an area, a region, a location or
community within
the context of the .network mission.
See the definition of livability.
attrition:
... the gradual reduction in the number of employees.
Attrition is brought about by not replacing those who leave
an employer or a workforce. The personnel loss from the
workforce of a relocating company or operation, at its
original location, and replaced at the new location, is
sometimes counted as attrition, although the loss my not
be so gradual.
available building:
... a commercial or industrial structure
offered for sale or lease. Available buildings include
shells which are only partially constructed so that they
can be completed to specifications. Buildings speculatively
constructed may be referred to as spec buildings. They
may be occupied as is or after finishing according to specifications.
available buildings:
... a location
data element. Scroll
up for a definition of available
building. Use the search engine at the top
of this page to Google
the Web for available buildings. Copy and paste
the following italicized keyword combinations keeping quotation
marks intact. Substitute the location
identity of a place
of interest for the word location.
Search the Web for ... "site selection"
available building location
Search the Web for ... "economic
development" available
buildings location
Search the Web for ... "available building"
location real estate properties
Suggestion: To search more effectively, provide
your building wants and needs directly to a contact (see
Search
for a Contact). One bit of information that should
be shared is the building size range that you want to search
for. Try using the text lines below and the search engine
at the top of this page. We will gladly
lend a hand as you try to find a helpful contac if your
search results are not satisfactory. Send an email and
explain.
Include your specifications.
Search the Web for ... real estate
contact available
buildings site selection location
Search the Web for ... economic development contact available
building location
Search the Web for ... location
real estate properties "site selection"
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how to: site selection search
for an available building
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available real estate:
... a location
data element which is most likely to show
up at a economic
development agency website simply as real
estate or, more likely, as available
buildings and available
sites (separate links). Buildings and sites
or vice versa may be seen as a single header for listing
commercial
and industrial real estate, for example,
in a location
package. Other location data categories that
essentially mean the same thing are industrial
sites and real
estate sites or
sometimes even
site
selection, industrial
parks, and available properties are
headers. See the list
of various types of location data suppliers to
determine which ones are most likely to be useful to
you in requesting real estate information
along with location
data.
avulsion:
... the sudden and unexpected loss or removal
of land that occurs due to a violent action of nature,
such as a flood.
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