DEPARTMENT: Economic Development Department
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: City-wide
SUBJECT:
FY 2014 San Antonio Economic Development Foundation (EDF) Action Plan
SUMMARY:
This Ordinance approves the San Antonio Economic Development Foundation ("EDF") proposed Action Plan for FY 2014 (attached) as required by the City's annual Agreement with EDF to provide services to achieve the community's goals for economic development. In 2010, City Council approved a five-year Agreement with EDF which requires City Council annual review and approval of a fiscal year Action Plan. The purpose of the EDF Action Plan is to facilitate a more integrated approach to economic development between the City of San Antonio and EDF. The Action Plan for FY 2014 continues to build upon the momentum of the FY 2013 Action Plan and to create further alignment and focus on growth in the SA2020 industries - Aerospace, Healthcare and Biosciences, Information Technology/Security, and the New Energy Economy - to achieve the community-wide goals for economic development, and to begin the process of implementing the economic strategic plan, Forward San Antonio.
BACKGROUND INFORMATION:
Fiscal Year 2011 was the first year of this enhanced partnership between the City and SAEDF to implement a new economic development model. In FY 2012 and FY 2013, the Action Plan included SA2020 sub-goals for each major metric. At the end of FY 2013, SAEDF met substantially all of the goals in the categories listed below.
In particular, the Business, Retention and Expansion (BRE) program continues to be successful. For FY 2013, it surpassed its company visit goal, and facilitated the creation of 2,931 jobs in the community. SAEDF continues to implement new marketing initiatives to include a new social media marketing campaign through Facebook and Twitter. The following are the SAEDF Action Plan results for FY 2013:
ISSUE:
The FY 2014 ...
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