DEPARTMENT: Economic Development
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: City-wide
SUBJECT:
Approval of the FY 2015 San Antonio Economic Development Foundation (SAEDF) Action Plan.
SUMMARY:
This Ordinance (1) approves the FY 2015 SAEDF Action Plan (attached) as required under the City's Agreement with the SAEDF to provide services to achieve the community's goals for economic development (SAEDF Agreement); and (2) authorizes payment of $90,000 to the SAEDF to fund the SAEDF's administration of an agreement with the community's Texas/Japan Office. Funding is available from the FY 2015 Adopted Budgets for the Economic Development Department and International Relations Office.
BACKGROUND INFORMATION:
FY 2015 SAEDF Action Plan
Staff is recommending approval of the FY 2015 SAEDF Action Plan, which, under the terms of the SAEDF Agreement, City Council must approve each fiscal year. FY 2015 represents the final year of the SAEDF Agreement.
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. The administration of the SAEDF Agreement and evolution of the economic development responsibilities under the SAEDF Agreement are accomplished through annual action plans, which requires City Council review and approval of an Action Plan each fiscal year.
The purpose of the SAEDF Action Plan is to facilitate a more integrated approach to economic development in San Antonio by establishing City focused duties, goals and performance measures. The FY...
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