DEPARTMENT: Economic Development
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: City-wide
SUBJECT:
Approval of the FY 2016 San Antonio Economic Development Foundation (SAEDF) Economic Development Services Agreement.
SUMMARY:
This Ordinance (1) approves the FY 2016 SAEDF Economic Development Services Agreement (attached) to achieve the community's goals for economic development 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 2016 Adopted Budgets for the Economic Development Department and International Relations Office.
BACKGROUND INFORMATION:
As a result of a 2009 Corporate Retention and Recruitment Sub Committee recommendation to enhance the City's focus on corporate retention and overall economic development delivery system, the City of San Antonio entered into a 5-year agreement with the SAEDF for a public-private partnership formalized in the FY 2011-2015 Economic Development Service Agreement. The partnership required an annually adopted Action Plan that set forth scope and metrics for economic development marketing, recruitment and coordination of a corporate retention and expansion program. The Action Plan also required SAEDF lead the development and implementation a citywide, comprehensive strategic plan for economic development.
To fulfill the goal of developing a strategic plan, Deloitte Consulting was contracted by SAEDF to examine how effectively our community was executing on delivering economic development services. Deloitte executed a SWOT analysis, competitiveness assessment, and industry analysis. The study identified and prioritized particular subsectors within San Antonio's targeted industries and a series of short and long-term tactics to enhance the local economic development delivery system. In February of 2013, several economic development agencies were assembled, ...
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