DEPARTMENT: Economic Development
DEPARTMENT HEAD: Alejandra Lopez
COUNCIL DISTRICTS IMPACTED: City-wide
SUBJECT:
Consideration of a 2021 Professional Services Agreement and Business Plan with San Antonio Economic Development Foundation.
SUMMARY:
This Ordinance approves a professional service agreement and business plan with San Antonio Economic Development Foundation (SAEDF) for a one-year term, with two one-year renewal options for an annual contract amount of up to $635,000.00. Funding in the amount of $500,000.00 is available from the FY 2021 Economic Development Incentive Fund and $135,000.00 is available from the FY 2021 General Fund. Funding for subsequent years of this contract is subject to City Council appropriation of funds and City Council approval of subsequent Operation Plans.
BACKGROUND INFORMATION:
The partnership between Economic Development Department (EDD) and SAEDF is based on recommendations of the 2009 Mayor's Corporate Retention and Recruitment Committee, which consisted of business and community members, and called for the development of a strategic plan, a process for coordination and collaboration to include a Business Retention and Expansion (BRE) program, and improved resource utilization. In 2015, a private sector sub-committee evaluated the partnership between the city and SAEDF and confirmed the continuation of the partnership as an effective model, along with recommending the development of the Forefront SA economic development strategic plan (Forefront SA).
Forefront SA was implemented by SAEDF, in collaboration with EDD and additional economic development partners, from 2017 through 2020. Forefront SA was the overall strategy for economic growth and development in San Antonio with their business plans outlining the specific targets for that year. Altogether, the Forefront SA strategy had the goal to facilitate the creation of 20,000 new jobs and secure $1.5 billion in capital investment by the end of 2020. Of...
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