DEPARTMENT: Economic Development
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: City-Wide
SUBJECT:
A 4-Year Review (2011-2014) of the economic development partnership between the City of San Antonio and the San Antonio Economic Development Foundation (SAEDF).
SUMMARY:
The City and SAEDF are in the final year of a 5-year agreement (Agreement) under which the SAEDF is charged with the coordination and execution of the economic development delivery system in the San Antonio region, to include business recruitment (foreign and domestic) with a focus on target industries, execution of a business retention and expansion (BRE) program, implementation of the community's Economic Development Strategic Plan (Strategic Plan) and, more recently, implementation of the San Antonio Trade and Investment Strategy. The SAEDF will present a review of the past 4 years including an overview of its annual overall job creation and business location metrics and performance. The review also includes performance with regard to: (1) target industries recruitment (Aerospace, Healthcare and Biosciences, Information Technology/Security, and the New Energy Economy); (2) international business development and foreign direct investment; (3) execution of a meaningful BRE program; and (4) the development and implementation of the Strategic Plan.
BACKGROUND INFORMATION:
In 2009, a Corporate Recruiting and Retention Committee, co-chaired by Wayne Peacock and David Zachry, provided recommendations to address the long-term strategic planning for the San Antonio region. The SAEDF was selected to lead the community economic development efforts and the Committee charged the SAEDF with evolving the economic development delivery system in San Antonio toward securing high-wage jobs in specific industry clusters.
FY 2011 was the first year of the enhanced partnership between the City and SAEDF under the Agreement. The administration of the Agreement ...
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